CIBM Bank, Easy $250 Bonus with New Account (IL, IN, WI)

July 26, 2023

CIBM Bank, Easy $250 Bonus with New Account

CIBM Bank is offering a $250 bonus for new customers who open a checking account. While this is not the highest bonus we have seen from this bank, it is quite easy to earn compared to previous offers.

Before you continue any further, you should know that while you can open the account online, it is available to IL, IN and WI residents only. Check out the details below.

How to Earn This Bonus

To score your $250 cash, simply:

Choose High Performance, Acceleration, or Classic Checking
Open your account by December 31, 2023
Enter promo code GET2502023 during account opening
Complete 10 debit card transactions per month on first two full calendar months following the month of account opening.
Your bonus will be deposited into your account

The bonus will be paid within 120 days of account opening provided debit card transaction requirements have been met. Account must be open and have a balance greater than zero when the bonus is paid.

Eligibility

Offer available in IL, IN, WI only.
Limited to one per customer.
Offer not available for existing CIBM Bank personal checking account holders or those who have closed a CIBM Bank personal checking account within the past 6 months.

Account Fees

The High Performance Checking Account has a $7 monthly service that is waived with a minimum monthly balance of $500 or avg daily balance of $1,000.
Accounts closed within 6 months of opening date are subject to a $25.00 closing fee.

Guru’s Wrap-Up

CIBM Bank has offered a $600 bonus in the past, but it required direct deposits for 12 months, and the bonus was also paid over 12 months.

Now the offer is for a $250 bonus, but it is much easier to complete the requirements. All you need to do is open a new checking account and make 10 debit purchases per month, for two months. There’s no minimum amount required, so any small purchases will qualify.

If this bonus is not for you, then you can check our full list of available bank bonuses. And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here. Bank bonuses are a great way to generate some extra income, so it is worth looking into them. You can can definitely bring a few thousands of dollars annually, and most requirements can be easily completed from home.