First National Bank of Waterloo Checking Promotion: $150 Bonus (IL)

First National Bank of Waterloo is offering residents of Illinois a $150 bonus when you open a Checking Account and meet the requirements listed below.

To get started, you must open a Checking account with a minimum opening deposit of $25. Once you have completed that, set up to receive direct deposits of $500 or more every month. Make 20 debit card transactions and receive e-statements. With the personal checking account, you can enjoy features such as Visa debit card, online banking, mobile banking, and so much more!

Once all the requirements are met, you will have access to a range of features to better your banking experience. If you are interested, be sure to check out this promotion as well as other banks such as HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, BBVA Compass Bank or CIT Bank.

Credit goes to Lindsay for letting us know about this bank promotion. If you’d like to participate in our Rewards Program, simply contact us when you find a new bank promotion and get paid up to $15!

	BMO Relationship Checking: Earn $600 cash bonus when you open a new Relationship Checking Account and have a total of at least $7,500 in qualifying direct deposits within the first 120 days. Learn More---BMO Relationship Checking Review
	U.S. Bank Smartly® Checking: Earn up to $450 when you open a new U.S. Bank Smartly® Checking account and a Standard Savings account online and complete qualifying activities. Subject to certain terms and limitations. Offer valid through November 30, 2023. Member FDIC. Apply Now---U.S. Bank Checking Review
	Discover Online Savings Account: Earn $200 Bonus/$150 Bonus with promo code HMB923 by 12/14/2023 along with a competitive interest rate of 4.35% APY. Fund your first savings account with a minimum of $25K within 30 days of account open date to earn the $200 Bonus (fund $15K to earn $150 bonus). No minimum opening deposit, no minimum balance requirement, and no monthly fees. See advertiser website for full details. Apply Now---Discover Savings Review
	Chase Private Client: Enjoy up to $3,000 bonus when you open a new Chase Private Client Checking account with qualifying activities. Get more from a personalized relationship when you open a new Chase Private Client Checking account with qualifying activities. Learn More---Chase Private Client Review

First National Bank of Waterloo $150 Bonus Info

• Direct Link to Offer
• First National Bank of Waterloo PDF Printout
• Account Type: Checking Account
  
• Availability: IL (Bank Locator)
• Expiration Date: None listed
  
• Credit Inquiry: Hard Pull/Soft Pull? Let us know
• ChexSystems: Unknown, Let us know
• Opening Deposit: $25
  
• Credit Card Funding: None
• Direct Deposit Requirement: Yes, $500+
• Monthly Fee: None listed
• Additional Requirements: See below
• Household Limit: 1
• Closing Account Fee: None listed
  

What Triggers Direct Deposit? Alternative Methods

Many bank bonuses require you to make real direct deposit from your job to receive the sign up bonus. However, switching to your real paycheck can be frustrating and time consuming. You can find alternative methods below which many readers have reported to trigger direct deposit to receive the sign up bonus.

Simply set up ACH transfers from these institutions to trigger direct deposit. Again, Your Mileage May Vary(YMMV). Please help us with your experience if you find a different method or to confirm a current method for direct deposit in the comments section below.

How To Earn First National Bank of Waterloo $150 Bonus

1. Open a new First Bank & Trust Checking.
2. Complete the minimum opening deposit of $25.
3. Receive e-statements.
4. Set up to receive $500 in direct deposit within 60 days.
5. Make 20 debit card transactions.
6. To earn the remaining $50 keep e-statements and 1 direct deposit of per statement cycle for a year.

How to Avoid Monthly Fees

Checking: None listed.

Bottom Line

Make sure you check out First National Bank of Waterloo to learn more about the $150 bonus promotion. Don’t forget, the $150 bonus will be reported on IRS Form 1099-INT.

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. If you would like to see more, check out our full list of Bank Promotions for all your banking needs.