UMB Bank Bonus, Get $300 with New Checking Account

UMB has a checking account bonus that can earn you $300 in cash. This offer is available in select states only, AZ, CO, IL, MO, NE, OK, KS and TX. Let’s see how this UMB Bank bonus works.

Offer

To be eligible for this special offer, you must apply for the new UMB Value Checking account through the offer page or in-person at a UMB branch and complete the following activities:

Fund the account with the minimum opening deposit of $100; and
Have qualifying direct deposits totaling $2,000 or more post to the account within 60 days of account funding; and
Account must remain open for at least 120 days after account funding.

Offer Terms

Accounts not funded by the last day of the first full month following account opening will be closed.
Earned special offer will be paid to the eligible UMB Value Checking account within 15 days of meeting all applicable special offer requirements.
Eligibility will be verified prior to paying out the $300.00 special offer.
Earned special offer will be reported to the IRS as interest income.

Eligibility

The bonus is available for residents of AZ, CO, IL, MO, NE, OK, KS, TX.

Customers who have previously applied for a personal checking account special offer are not eligible for this promotion.

Special offer available one time per individual; for accounts with multiple owners, earned special offer will only be paid once.

Fees

UMB Value Checking has a $8 Monthly Service Fee. Ways to waive Monthly Service Fee (must satisfy one of these conditions each monthly service charge cycle):

$1,500 average collected balance in this account
$3,000 in combined deposit balances
A single direct deposit of $250 or more

Guru’s Wrap-Up

If you are a resident in one of the eligible states, then this UMB Bank bonus should be worth doing. You need to open a new UMB Value Checking account and have qualifying deposits totaling $2,000 or more within the first 60 days.

The account comes with a $8 fee. You can waive the fee with $1,500 balance of a single direct deposit of $250 or more every month. You need to keep the account open for 120 days in order to get the $300 bonus.

If this bonus is not for you, then you can check our full list of available bank bonuses. There’s also a business checking bonus of $500 from HSBC. 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.