Find the latest MidWestOne Bank promotions, bonuses, and offers here.
Update 5/26/25: There’s currently a $350 checking bonus good through 7/31/25.
About MidWestOne Bank Promotions
Summerwill founded Iowa State Bank & Trust in 1934. While the name of the bank has changed to MidWestOne Bank, we still operate under the same charter and are headquartered in the same location in downtown Iowa City.
I’ll review the current offers below.
MidWestOne Bank $350 Checking Bonus
- What you’ll get: $350 bonus
- Account Type: Power Checking
- Availability: CO, FL, MN, WI (Bank Locator)
- Direct Deposit Requirement: Yes (see what works)
- Credit Inquiry: Soft Pull
- ChexSystems: Unknown
- Credit Card Funding: Unknown
- Monthly Fees: None
- Early Account Termination Fee: Bonus forfeit if closed within six months
- Household Limit: One
(Expires 07/31/2025)
| BMO Smart Money Checking ($400 cash bonus*) | KeyBank Checking ($300 bonus) |
| Chase Private Client ($3,000 Bonus) | HSBC Premier Checking (Up to $3,000 Cash Bonus), |
Earn The Bonus
- Receive a $350 Bonus when you open a new Power Checking account using code 25Power3501.
- Meet the Power Checking qualifications within the first three cycles and the bonus will be deposited into account within 15 days after all qualifications are met.
- To obtain Power Checking Rewards3 each qualification cycle (monthly statement cycle) you are required to:
- Enroll in and receive electronic statements
- Have at least 15 debit card purchases post and clear
- Have at least one direct deposit, automatic debit from a third party, or an online bill payment transaction post and clear
- Bonus Eligibility Information: Limit one offer per household.
- Not valid with any other checking account offer or if a MidWestOne checking account has been owned in the past.
- Power $350 bonus valid for new personal Power Checking accounts only, and valid from May 01, 2025, through July 31, 2025.
- MidWestOne Bank reserves the right to cancel this promotion at any time.
- When applying online, a valid promo code must be entered when prompted in the application.
- To apply in-branch, a digital or printed version of the email must be presented at the time of account opening.
- Participation in a promotional bonus does not guarantee fulfillment; qualifications must be met.
- The $350.00 bonus will be forfeited if the account is closed within 6 months of account opening.
- Only valid in Iowa, Minnesota, Wisconsin and Colorado.
- Other exclusions may apply.
- Meet the Power Checking qualifications within the first three cycles and the bonus will be deposited into account within 15 days after all qualifications are met.
- Offer valid for new Power Checking customers only.
- One offer per household.
MidWestOne Bank $150 Checking Bonus (Expired)
Earn a $150 bonus at MidWestOne Bank!
If you are a part of the MidWestOne Bank and are a part of their Bank at Work program, you can take advantage of a $150 bonus.
- What you’ll get: $150 bonus
- Account Type: Power Checking
- Availability: CO, FL, MN, WI (Bank Locator)
- Direct Deposit Requirement: Yes
- Credit Inquiry: Soft Pull
- ChexSystems: Unknown
- Credit Card Funding: Unknown
- Monthly Fees: None
- Early Account Termination Fee: Bonus forfeit if closed within six months
- Household Limit: One
(Expires 12/31/2022)
| BMO Smart Money Checking ($400 cash bonus*) | KeyBank Checking ($300 bonus) |
| Chase Private Client ($3,000 Bonus) | HSBC Premier Checking (Up to $3,000 Cash Bonus), |
Earn The Bonus
- Must be a part of the Bank at Work Program
- You must qualify for Power Checking rewards in one of the first three Power Checking qualification cycles (monthly statement cycle). The $150 bonus will be paid and deposited to your Power Checking account within 15 days after all qualification requirements are met for the first time.
- Power Checking qualifications include:
- Enroll in and receive electronic statements
- Have at least 15 debit card purchases post and clear (Use your Debit Card in-store, online or using your favorite mobile wallet!)
- Have at least one direct deposit, auto debit from a third party, or online bill payment transaction post and clear
- Limit one offer per household.
- Not valid with any other checking account offer.
- Bank-at-Work $150 bonus valid for new personal Power Checking accounts only, and valid through 12/31/2022.
- Must present flyer in-person at the time of account opening.
- You are not required to open a Power Savings account to qualify for $150 bonus.
- Participation in a promotional bonus does not guarantee fulfillment; qualifications must be met.
- $150 bonus will be forfeited if the account is closed within 6 months of account opening.
How To Waive Monthly Fees
- Power Checking: None
- Free Checking: None
- Business Checking: None
- Non-Profit Checking: None
- Performance Money Market: None
- Connections Club: $10 monthly fee. Maintain a $1,000, or a total relationship balance of $10,000 to avoid the monthly account fee
- Relationship Checking: $10 monthly fee. Maintain a $1,000, or a total relationship balance of $25,000 to avoid the monthly account fee
- Business Interest Checking: $10 monthly fee. Maintain a $5,000 minimum daily balance to avoid the monthly account fee
- Business Analysis Checking: $15 monthly fee
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Bottom Line
MidWestOne Bank is a great bank option for new sign-up promotions when available. This bonus is great because they have a soft pull, so your credit score is not affected. The difficult part for some people is to complete the direct deposit requirement.
Feel free to comment below and let us know about how it went. We value your feedback and will continue to keep you posted on the latest bank bonuses found nationwide.
MidWestOne Bank can offer you fantastic resources to better your banking experience, however, they do not provide very competitive Savings and CD rates. Take advantage of our full list of Bank Rates and CD Rates to get the best deal for you!
*Compare MidWestOne Bank Promotions with other bank bonuses from banks like Citi, Huntington, HSBC, Chase, TD, Discover Bank, Axos Bank, PNC Bank, BMO, SoFi, Fifth Third Bank, Bank of America, Wells Fargo, U.S. Bank, and more!*
*Check back at this page for updated MidWestOne Bank promotions, bonuses and offers.
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