Get updated promotions and bonuses from Macatawa Bank here. Typical promotions have been for $100 to $200.
Established in 1997 and headquartered in Holland, Michigan, Macatawa Bank has around 30 locations in the state.
Aside from a few CD specials from time to time, Macatawa Bank’s Savings and CD rates aren’t very competitive with the nation’s best. Compare the nation’s best CD rates here and the best Savings rates here.
I’ll review the current promotions below.
Macatawa Bank $50 Referral Bonus For Personal/Business Checking
A new referred personal or business Checking account can earn you a $50 bonus. Your referrals will also be able to earn up to a $100 bonus by meeting the requirements.
- Referral bonus offer expires December 31, 2022
- Offer only available in Michigan
- Application will trigger a Soft Pull, which does not affect your credit
- Monthly fees can be waived
- Direct deposit is not required for the bonus offer
There are several offers worth comparing this one to. A few great checking accounts with bonus offers include the Chase Total Checking® ($225 bonus), TD Bank Convenience CheckingSM ($150 bonus), Aspiration Checking ($150 or $200 bonus), Bank Of America Advantage Banking ($100 bonus), Huntington Bank (up to $500 bonus) and HSBC Premier Checking ($450 bonus).
How To Earn The $50/$100 Bonus
- Referrer must have a Macatawa Bank checking account to participate. If they do not have one, one must be opened to receive the bonus.
- Individuals can earn up to $550 per year for referrals.
- For your $50 bonus, fill out the form on the offer page, check your email for a code, then share your code with your friends and family. When your friend or family member uses your referral code when opening a personal or business checking account, Macatawa will deposit $50 into your checking account.
- Your friend gets rewarded too — up to $100. When they open a new personal or business checking account at Macatawa Bank using your referral code Macatawa will deposit $25. If they open a Macatawa Bank Debit Card and make at least 10 debit card transactions within 60 days of account opening they qualify for an additional $75.
- $50 Referrer bonus payment will be deposited within 90 days of your referral opening a qualified account (Rebound Checking is not eligible).
- Macatawa reserves the right to disqualify any referrals where they reasonably believe were not sent to them in good faith.
- To be eligible, $25 (personal) or $50 (business) account minimum opening balance requirement must be met at time of account opening; account must be opened with funds not currently on deposit with Macatawa Bank and account holder must not have been a signer on a checking account with Macatawa Bank during the past 90 days.
- $25 Referee bonus payment will be deposited within the first 90 days of account opening.
- $75 Referee Debit card use referee bonus will be credited after the 3rd statement cycle.
- Bonus payments will only be paid to accounts that are in good standing with the bank.
- Account openings are subject to normal approvals.
- Must present coupon/code at time of opening.
- Limit one offer per household/business.
- Bonuses subject to IRS tax reporting and will be added as interest on your year-end statement of earnings.
- By participating in the Refer a friend program you recognize that whomever you refer or whoever referred you will have knowledge that you have an account with Macatawa Bank.
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