Get the latest 1st Source Bank promotions, bonuses, and offers here.
Update 7/20/26: There’s currently a $250 checking bonus valid through 8/15/26.
About 1st Source Bank Promotions
1st Source Bank was founded in 1863 in South Bend, Indiana. Since opening, it has expanded to over 17 counties and 80 locations throughout Indiana and Michigan. 1st Source has offered clients a convenient and friendly way to bank for over 155 years.
I’ll review the 1st Source Bank Promotions below.
1st Source Bank $250 Checking Bonus
You can earn a $250 bonus with a new Checking Account. Simply meet the requirements below to qualify.
- What you’ll get: $250 bonus
- Account Type: Checking Account
- Availability: IN, MI (Bank Locator)
- Direct Deposit Requirement: Yes (see what works)
- Credit Inquiry: Soft Pull
- ChexSystems: Unknown
- Credit Card Funding: None
- Monthly Fees: $10, avoidable
- Early Account Termination Fee: $25, 180 days
- Household Limit: One
(Expires 08/15/2026)
| Bank of America (Up to $500 bonus offer) | KeyBank Checking ($300 bonus) |
| HSBC Premier Checking (Up to $5,000 Cash Bonus), | |
How To Earn Bonus
- Earn a $250 Cash Bonus with Easy Banking Club Checking
- For a limited time, new clients can earn a $250 cash bonus when they open an account between July 1, 2026 and August 15, 2026 and complete the following within their first three statement cycles:
- Receive at least $500 in qualifying ACH direct deposits (payroll, pension, or government benefits)
- Complete 10 debit card point-of-sale purchases
- Enroll in eStatements
- Once all requirements are met, the $250 bonus will be credited within three statement cycles, provided the account remains open.
- To receive your $250 account credit, you must present your offer code and open a new 1st Source Easy Banking Club personal checking account during the promotional period of July 1, 2026 through August 15, 2026. You must complete All of the following qualifying activities within any one of the first three (3) statement cycles following account opening: 1. Set up and receive at least one ACH direct deposit of $500 or more into the account and 2. Complete at least ten (1 O) debit card-of-sale (POS) transactions within a single statement cycle. You must also be enrolled in electronic statements. Qualifying ACH direct deposits include payroll, pension, or government benefits. Transfers between accounts, person-to-person payments, or deposits made at a branch or ATM do not qualify
- Additional Information & Restrictions: As of July 1 st,2026, the Annual Percentage Yield for these accounts is 0.07%. Rates are variable and subject to change. Fees may reduce account earnings. Current 1st Source personal checking customers are not eligible for this offer. The $250 account credit will be applied directly to your Easy Banking Club account within three statement cycles following completion of all qualifying activities listed above. This account must be open for the credit to be paid into the account. If the account is closed before the credit is paid, you will not receive the bonus.
- The reward will show as a credit entitled NEW CHK- 250USA PROMO BONUS in the account.
- The value of the reward may be reported to the IRS on Form 1099. Offer may not be combined with any other offer. Accounts titled as Estate, Non-individual, and HSAs are not eligible for this offer. Employees of 1st Source Bank or its subsidiaries are not eligible for this offer. 1st Source Bank reserves the right to withdraw or modify this offer at any time.
1st Source Bank $150 Checking Bonus *Expired*
Earn a $150 bonus with 1st Source Bank.
1st Source Bank is offering a $150 bonus when you open a new qualifying checking account and complete certain requirements. To be eligible for this offer, you must be an Allied Physician.
- What you’ll get: $150 bonus
- Account Type: Easy Banking or Cubs 1st Club Checking Account
- Availability: IN, MI
- Direct Deposit Requirement: Yes
- Credit Inquiry: Soft Pull
- ChexSystems: Unknown
- Credit Card Funding: None
- Monthly Fees: $10, avoidable
- Early Account Termination Fee: $25, 180 days
- Household Limit: One
(Offer expires December 31, 2020)
| Chase Total Checking® ($400 bonus), | Chase Secure BankingSM ($175 bonus), |
| KeyBank Key Smart Checking ($300 bonus) | SoFi Checking and Savings ($425 bonus) |
| Bank of America ($100 bonus offer) | U.S. Bank Smartly® Checking ($450 bonus) |
How To Earn Bonus
- Print out this flyer and bring it to any branch to open either a 1st Source Easy Banking Club or a Cubs 1st Club personal checking account by December 31, 2020.
- Deposit $25 or more at account opening
- Set up and make one ACH direct deposit of at least $250 within 65 days of account opening
- Use your Resource Plus® Mastercard debit card to make 5 point-of-sale purchase transactions. Excludes recurring payments. Transactions must post to account within 65 days of account opening.
- Current 1st Source personal checking customers are not eligible for this offer.
- The gift card will be mailed to the client at the address of record for the account within 60 days of all requirements being met.
- Accounts are subject to approval.
- The value of the reward is taxable income to you and maybe reported on an IRS Form 1099.
- Offer may not be combined with any other offer.
- Employees of 1st Source Bank or its subsidiaries are not eligible for this offer.
- Closing of this account within 180 days of opening will result in a $25 fee.
- 1st Source Bank reserves the right to withdraw or modify this offer at any time.
How to Waive Monthly Fees
- Easy Banking Club: $10.00 monthly can be waived with direct deposits totaling $250 or more per month.
- Cubs 1st Club: $10.00 monthly can be waived with direct deposits totaling $250 or more per month.
- 1st Checking: $7.00 monthly can be waived with minimum daily balance of $500.
- E-student Checking: No monthly fees
- Portfolio Checking: $25.00 monthly can be waived with a minimum balance of $5,000.
- Business Value Checking: $5.00 monthly can be waived if $1,000 minimum daily balance is maintained.
- Business Checking: $20.00 monthly can be waived if $20,000 minimum daily balance is maintained.
- Business Checking with Interest: $20.00 monthly
- Business Analysis Checking: $20.00 monthly
- Community Not-for-Profit Checking: No monthly fees
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Bottom Line
The current promotion from 1st Source Bank is great for those who qualify! If you are interested, I would visit a local branch to see if you qualify for this promotion. However, there are still better offers out there so check them out here on HMB!
While they have generous checking bonuses, 1st Source Bank doesn’t have great rates for CDs and Savings. You may want to check out our full list of Bank Rates and CD Rates.
*Compare 1st Source Bank Promotions with other bank bonuses from banks like Citi, Huntington, HSBC, Chase, TD, Axos Bank, PNC Bank, BMO, SoFi, Fifth Third Bank, Bank of America, Wells Fargo, US Bank, and more!
*Check back at this page for updated 1st Source Bank promotions, bonuses and offers.
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