Find an updated list of Malvern Bank promotions, bonuses, and offers here.
Update 12/3/25: There’s currently a $300 checking bonus available for a limited time along with a $50 referral bonus!
About Malvern Bank Promotions
Malvern Bank is headquartered in Malvern and is the 152nd largest bank in the state of Iowa. It is also the 3,377th largest bank in the nation. It was established in 1892 and as of September of 2021, it had grown to 23 employees at 1 location. However, if you are interested in different banking experience, you can see all nationwide bank bonuses for more suitable offers.
Additionally, while they have a generous referral bonus, Malvern Bank doesn’t have great rates for CDs and Savings. Furthermore, you may want to check out our full list of Bank Rates and CD Rates.
I’ll review the Malvern Bank Promotions below.
Malvern Bank $300 Checking Bonus
- What you’ll get: $300 Bonus
- Account Type: Checking
- Availability: IA (Bank Locator)
- Credit Inquiry: Unknown
- ChexSystem: Unknown
- Credit Card Funding: Unknown
- Direct Deposit Requirement: Yes (see what works)
- Monthly Fees: None
- Early Account Termination fee: Not listed
- Household Limit: Not listed
(Limited time offer)
| BMO Smart Money Checking ($400 cash bonus*) | BMO Smart Advantage Checking ($400 cash bonus*) |
| KeyBank Key Smart Checking ($300 bonus) | SoFi Checking and Savings ($325 bonus) |
| Bank of America ($500 bonus offer) | |
How To Earn Bonus
- Open a new Premier Checking account. Malvern Bank is providing a Welcome Bonus of $300.00 (to be paid on day 91 of the account) if the account meets two requirements.
- The account is funded with money not previously held at Malvern Bank.
- The account remains open for 90 days and meets each of the Monthly Requirements for each of the statement cycles.
- Have at least one direct deposit to the account during the statement cycle.
- Make at least ten debit card transactions during the statement cycle.
- Access online banking at least once during the statement cycle.
- Remain enrolled for e-statements during the statement cycle.
- The minimum deposit to open this account is $25.00.
- Interest will be compounded and credited to your account on the last day of each month.
- We use the daily-balance computation method to calculate the interest on your account.
- This method applies a daily periodic rate to the principal in the account each day.
- Interest begins to accrue on the no later than the business day we receive credit for the deposit of noncash items (for example, checks).
- At our discretion, we may change the interest rate on your account daily.
- Fees may reduce earnings.
- Bonuses are considered interest and will be reported on IRS Form 1099-INT.
Malvern Bank $50 Referral Bonus
Malvern Bank is offering up to a $50 referral bonus when you share your referral link with friends and family.
- What you’ll get: $50 Bonus
- Account Type: Checking
- Availability: IA (Bank Locator)
- Credit Inquiry: Unknown
- ChexSystem: Unknown
- Credit Card Funding: Unknown
- Direct Deposit Requirement: Yes (see what works)
- Monthly Fees: None
- Early Account Termination fee: Not listed
- Household Limit: Not listed
(Limited time offer)
| BMO Smart Money Checking ($400 cash bonus*) | KeyBank Checking ($300 bonus) |
| HSBC Premier Checking (Up to $3,500 Cash Bonus), | |
How To Earn Bonus
- Submit a referral. All your referral needs to do is:
- have an opening deposit of $200
receive a direct deposit within 30 days of opening
keep their account in good standing for 90 days
enroll in e-statements
- have an opening deposit of $200
- Referrals must be from a current Malvern Bank checking account customer to a new Malvern Bank checking account
customer. - Must be 16 years or older.
- You and your referral will each receive a $50 deposit to your respective Malvern Bank checking account within 30 days of qualifications being met.
- Employees of Malvern Bank and their immediate family members are not eligible.
Note to Referral: By handing this card to the Malvern Bank employee for the referral bonus, you acknowledge that the person who referred you may know that you opened this account. - The IRS requires the $50 be reported on Form 1099 MISC if the cumulative total of all such items reaches $600.
- Offer subject to change and may be discontinued at any time without notice.
How To Waive Monthly Fees
- Checking: None Listed
- NOW Account: None Listed
- PassBook Savings: None
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Bottom Line
Currently, Malvern Bank offers a great number of services available for you to use, such as online banking and mobile banking. Additionally, you get to take advantage of a fantastic offer! However, be sure you meet the eligibility requirements before you apply!
Lastly, your feedback is highly appreciated and makes our site even better! Be sure to check our more bank promotions on HMB!
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