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*MB Financial is now Fifth Third Bank. See Fifth Third Bank offers.
MB Financial Bank often offers cash bonuses for their Personal and Business Checking accounts and we’ll keep them updated here.
MB Financial Bank was established in 1933 and is headquartered in Chicago, Illinois. They have grown to over 100 locations across Illinois, Indiana and Pennsylvania. If you’re not local to one of these states, see our Bank Bonuses Page for more suitable offers.
MB Financial Bank is a traditional banking institution and offers Checking, Savings, Money Market, CD and IRA accounts. Rates will be comparable to other local banks, and nowhere as attractive as the online banking rates you can find on our Savings and CD rates pages.
We’ll review the current bonus offers below.
MB Financial Bank Personal Checking/Savings $250 Bonus
Earn up to a $250 bonus when you open a new personal Checking/Savings account with MB Financial Bank.
- $250 bonus expires October 5, 2018
- Classic/Signature Checking and Statement/Passbook Savings accounts are eligible for the offer
- Offer available to residents in Illinois, Lake County, Indiana, or Philadelphia County, Pennsylvania
- Direct Deposit will be required for the bonus
- Application will trigger a Soft Pull, which does not affect your credit
- Monthly Fees of $9.95+ can be waived
- You will forfeit your bonus if the account is closed within 6 months of opening
- Minimum balance to open a checking or savings account is $50
How To Earn The $250 Bonus
- Open and maintain a new MB Financial Bank Personal Signature or Classic Checking Account
- Within 90 calendar days of opening:
- Establish monthly direct deposits totaling $500 per month or more (earns the first $150 bonus)
- Open and maintain a new MB Financial Bank personal Statement or Passbook Savings account and maintain a monthly average balance of $5,000 or more (earns the additional $100 bonus)
- Earned amounts will be paid by MB as a credit to the new checking account within 60 calendar days of the transaction being verified, following the 90-day period from opening.
- Account must be in good standing (open, with a positive balance) to receive payout.
- Promotional credit will be subject to IRS 1099 Form Reporting.
- Account must remain open at least six months after the account opening or the credit will be reversed.
How To Waive The Monthly Fee
The Classic Checking account has a $9.95 Monthly Fee, and the Signature Checking account has a $19.95 Monthly Fee. Below are methods for waiving each.
Monthly fee is waived if you do any of the following:
- Monthly qualifying deposits totaling $500 or more. (Qualifying deposits include teller deposits, ACH credit (direct deposit), ATM deposits and incoming wire deposits.), OR
- Average balance of $3,000 in related deposit accounts, OR
- 10 total payment transactions.
Monthly Fee is waived if you do any of the following:
- Maintain a $5,000 average daily balance in this account, OR
- $15,000 in related deposit balances, Or
- $25,000 in related deposit and home equity loan/line balances.
Business Checking Up To $550 In Bonuses
Open a new Business Checking account, along with a new Money Market or Savings account to earn the $350 Checking Bonus. You can then earn another $200 in cash back with their MB Platinum Mastercard® Business Credit Card.
- $350 bonus expires 09/30/2018
- Small Business Checking and Business Money Market, Statement/Passbook Savings accounts are eligible for the Checking offer
- Offer available to residents in Illinois, Indiana and Pennsylvania
- Direct Deposit will NOT be required for the bonus
- Application will trigger a Soft Pull, which does not affect your credit
- Monthly Fees can be waived
- You will forfeit your bonus if the account is closed within 6 months of opening
- Minimum balance to open a checking or savings account is $100
How To Earn The $350 Bonus
- Open and maintain a new MB Financial Bank small business checking account and maintain a monthly average balance of $5,000 in the account to earn a credit of up to $350 by having the following activities post to the applicable account within the first 90 calendar days of its opening:
- A minimum of 15 electronic transactions within 90 calendar days. These include debit card transactions, ACH’s, bill payments, mobile remote deposits, and wire transfers, OR
- Open a new MB Financial Bank business money market or statement savings account and keep an average monthly balance of $25,000 for the first 90 calendar days after account opening.
- Having completed either activity within the first 90 calendar days after opening of the small business checking account will earn $350 contingent on the fact that the small business checking account maintains an average monthly balance of $5,000 at the time of payout.
- Earned amounts will be paid by MB as a credit to the checking account within 60 calendar days of the transaction being verified, following the 90 calendar day period from opening.
- Account must remain open at least six months after the account opening or the credit will be reversed.
- New money only; funds must not have been on deposit at MB for the past 90 calendar days.
- Account must be in good standing (open, with a positive balance) to receive payout.
- One new checking related bonus per customer per 12 month period.
- Promotional credit may be subject to IRS 1099 Form Reporting.
How To Earn Another $200 Bonus
- Open a new MB Platinum Mastercard Business card.
- Credit cardholders will earn 2,500 bonus points for their first purchase within 60 calendar days of account opening and an additional 17,500 bonus points after spending $1,500 or more on qualified purchases within 90 calendar days of account opening, for a total of up to 20,000 points.
- Promotion is only valid for new MB Platinum Mastercard Business Cards that are opened between June 1, 2018– September 30, 2018.
How To Waive The $15 Monthly Fee
MB small business checking account has a monthly service charge of $15. Waive the fee by completing one of the following:
- You have 4 or more signature-based debit card transactions per statement cycle, OR
- You maintain at least a $5,000 average balance each statement cycle, OR
- Your account is linked to other qualified MB accounts that have a combined average balance of $15,000 or greater
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