Find the most updated Farmers State Bank promotions, bonuses, and offers here.
Update 5/23/25: There’s currently a $500 business checking bonus valid through 6/30/25.
About Farmers State Bank Promotions
FSB provides personal and business banking services, mortgages and auto loans, investing and retirement services to customers in Iowa. FSB currently has six full-service bank locations in the Cedar Rapids metro area, each with a convenient drive-up facility.
We will review the current Farmer State Bank promotions below.
Farmers State Bank $500 Business Checking Bonus
Currently, you can get a $500 bonus when you open a new business checking account.
- What you’ll get: $500 bonus
- Account Type: Business Checking
- Availability: IA (Bank Locator)
- Direct Deposit Requirement: No
- Credit Inquiry: Unknown
- ChexSystem: Unkown
- Credit Card Funding: Up to $500
- Monthly Fee: No monthly fee when you maintain the required balance
- Early account termination fee: Not listed
- Household limit: One
(Expires 06/30/2025)
| Chase Business Checking ($300 or $500 Bonus) | Bank of America Business Checking ($200 bonus offer) |
| Axos Business Premium Savings ($375 Bonus) | Axos Bank Basic Business Checking ($400 Bonus) |
| Axos Bank Business Interest Checking ($400 Bonus) | Huntington Unlimited Plus Business Checking ($1,000 Bonus) |
| Huntington Unlimited Business Checking ($400 Bonus) | Bluevine Business Checking ($300 Bonus) |
| U.S. Bank Business Checking ( $500 or $900 Bonus) | |
How To Earn Bonus
- Open a new FSB Business Checking account online or in person with a $5,000 deposit.
- Maintain an average daily balance of $10,000 between days 60 and 90 after opening.
- Make 15+ transactions per month and enroll in payroll processing within 90 days.
- Accounts subject to approval.
- Must be 18 to apply.
- Some services may have fees.
- See fee schedule or contact bank for additional information
- To qualify for the $500 incentive, you must: Open a new business checking account and deposit $5,000.00 at account opening.
- Within the first 90 days of account opening, you must: Maintain an average daily balance of $10,000.00 between days 60-90 of account opening, complete 15 transactions/month, and sign up for payroll processing.
- Accounts may be subject to account analysis and additional fees may apply to payroll processing and ATM Deposits.
- Accounts subject to approval. Must be 18 to apply.
- Additional terms and conditions and fees may apply.
- Offer valid through June 30, 2025.
Farmers State Bank $250 Checking Bonus (Expired)
Currently, you can get a $250 bonus when you open a new checking account.
- What you’ll get: $250 bonus
- Account Type: Checking
- Availability: IA (Bank Locator)
- Direct Deposit Requirement: Yes, no minimum (see what works)
- Credit Inquiry: Unknown
- ChexSystem: Unkown
- Credit Card Funding: Up to $500
- Monthly Fee: $0-$15, waivable
- Early account termination fee: $100 will be charged if your account is closed within 12 months of opening.
- Household limit: One
(Limited time offer)
| BMO Smart Money Checking ($400 cash bonus*) | BMO Smart Advantage Checking ($400 cash bonus*) |
| Bank of America ($300 bonus offer) | Chase Total Checking® ($300 bonus) |
| KeyBank Key Smart Checking ($300 bonus) | SoFi Checking and Savings ($325 bonus) |
How To Earn Bonus
- New checking account customers can earn a $250 cash bonus by opening an eligible checking account with direct deposit.
- The bonus will be deposited into your checking account within 30 calendar days of the first payroll direct deposit posting to the account.
- To qualify for the $250 bonus, a primary checking account with direct deposit is required.
- The bonus will be deposited into your checking account within 30 calendar days of the first payroll direct deposit posting to the account.
- Limit one $250 bonus per household.
- Subject to account approval and 1099 reporting.
- May not be combined with other offers. See product information for additional requirements specific to each account type.
- A minimum $50 deposit is required. Excludes Benefit Banking Plus.
- Must be 18 or older.
- The program may be suspended or reactivated with 30 days’ notice.
Farmers State Bank $100 Checking Bonus *Expired*
Farmers State Bank $100 Checking Bonus
Currently, you can get a $100 bonus when you open a new checking account.
- What you’ll get: $100 bonus
- Account Type: Checking
- Availability: IA (Bank Locator)
- Direct Deposit Requirement: $50 to $100
- Hard/Soft Pull: Unknown
- ChexSystem: Unkown
- Credit Card Funding: Up to $500
- Monthly Fee: $0-$15, waivable
- Early account termination fee: $100 will be charged if your account is closed within 12 months of opening.
- Household limit: One
(Expires June 30, 2021)
| BMO Smart Money Checking ($400 cash bonus*) | KeyBank Checking ($300 bonus) |
| Chase Private Client ($3,000 Bonus) | |
How To Earn Bonus
- To qualify for the $100 bonus, a primary checking account with a recurring payroll direct deposit is required.
- The $100 bonus will be deposited into your new checking account within 30 calendar days of the first recurring direct payroll deposit posting to the account.
- Minimum $50 to $100 deposit required.
- Limit one $100 bonus per household. Subject to account approval and 1099 reporting.
- May not be combined with other offers.
- An early closing fee of $100 will be charged if your account is closed within 12 months of opening.
- Benefit Banking Plus is one of the accounts available.
- It has a minimum opening deposit of $100 and earns 0.05% Annual Percentage Yield (APY) on all balances.
- APY is accurate as of 02/01/21 and subject to change without notice.
- Fees may reduce earnings.
- See product information for additional requirements specific to each account type.
- Must be 18 or older and account must be opened before 06/30/21
How To Avoid Monthly Fees
- Secure Checking: None
- High 5 Rewards Checking: None
- Benefit Banking Plus Checking: $15 monthly fee waived with $10,000 average daily balance of combined consumer deposits, consumer loans and/or agricultural loans
- Student Checking: None
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Bottom Line
For residents of Iowa, you can claim $100 bonus to new members for opening a free checking account and meeting the requirements.
Feel free comment below and let us know about how it went and if you could fund your account with credit card or not. We value your feedback and will continue to keep you posted on the latest bank offers nationwide.
*Compare Farmers State Bank Promotions with other bank bonuses from banks like Huntington, HSBC, Chase, TD, Bank of America, Citi, and more!*
*Check back on this page for updated Farmers State Bank promotions, bonuses, and offers.
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