Monifi Bank Promotion: $250 for New Checking Account

Monifi is being discontinued effective September 21, 2022 – per emails sent to their customers. Accounts will be transitioned to MidFirst Bank and those not transitioned will be closed and a check will be sent to the address on file.

Monifi is a digital-only bank that has a great new account promotion for folks who have a direct deposit they can move over. They are an online bank, so anyone can open an account, but they are also a division of MidFirst Bank, which is a brick and mortar bank.

MidFirst Bank is FDIC insured, Certificate #4063, and chartered as a Federal Savings Bank regulated by the Comptroller of the Currency. As of this writing, they have 81 locations in five states (Arizona, California, Colorado, Oklahoma, and Texas).

An added benefit of Monifi, besides the bonus, is that their app has a lot of features that can help you with your budgeting too, which means saving even more money. It’s worth checking out if you don’t already have a favorite app for that.

As for the bonus, it’s nice and it’s easy to get, let’s take a look.

Discover Bank Logo

💰 Discover Online Savings Account – $150 or $200

Discover Bank is offering a $150 or $200 bonus to open your first Online Savings Account. Just open it with the code WH323 by 3/15/2023 and then deposit at least $15,000 to get the lowest bonus amount. Deposit $25,000 to get the higher amount.

Learn more about this offer

Table of Contents
  1. Monifi – $250 Bonus [EXPIRED]
  2. How does this compare?

Monifi – $250 Bonus [EXPIRED]

Monifi will give you $250 when you set up payroll direct deposit and receive two direct deposits of at least $1,000 each into your Spend Balance within 90 days of opening your Monifi Relationship. The direct deposit has to be a paycheck, pension, or government benefits (like Social Security).

That’s it!

Open an account, set up payroll direct deposit and receive two direct deposits of at least $1,000 each into your Spend Balance within 90 days of opening your Monifi Relationship, and is deposited into your account.

Offer is good until 5/31/2022 and available nationwide.

What’s nice about this account is that there aren’t any fees. No minimum balance, no monthly maintenance fees, and no ATM fees if you use an ATM in the Allpoint network.

How does this compare?

It’s not bad for an online bank with no fees and no minimums. The $1,000 per direct deposit requirement is reasonable and you have 90 days to get two of them, so you could easily get two paychecks in there.

As for getting , that’s a nice amount for what’s not a lot of work.

Here are a few comparable offers:

⭐Citi Priority Account – up to $2000

Citi Priority is offering up to $2000 bonus when you open an account by 4/4/2023. Then, within 20 days of opening your account, deposit at least $10,000 in New-to-Citi® funds and keep it there for 60 days after the 21st day. The bonus amount is based on how much you can transfer but the lowest tier starts at $10,000.

👉 Click here to learn more

Discover Online Savings Account – $150 or $200

Discover Bank is offering a $150 or $200 bonus when you open your first Discover Online Savings Account with the promotion code WH323 and deposit at least $15,000 into the account within 30 days. You get $150 if you deposit $15,000 or more and $200 if you deposit $25,000.

👉 Click here to learn more

Bank of America – $100 Bonus Offer

Bank of America offers a $100 Bonus Offer cash bonus if you open a new account and set up and receive qualifying direct deposits totaling $1,000 or more into that account within 90 days of account opening. It has a monthly fee that is easy to have waived.

👉 Click here to learn more

Chase Total Checking® – $200

Chase Bank will give you $200 when you open a Total Checking account and set up direct deposit within 90 days. There is a $12 monthly fee that is waivable with a monthly direct deposit of just $500, so no gotchas on this deal!

👉 Click here to learn more

Albert – $150

Albert will give you $150 when you open an account and receive a qualifying direct deposit of at least $500 within 45 days and spend at least $200 on goods and services every 30 days for 90 consecutive days with your Albert debit card.

Click here to learn more

Other Posts You May Enjoy:

DoorDash vs. GrubHub: Which Is the Best Food Delivery App for Your Side Hustle?

Meal delivery jobs are among the most popular in the gig economy, as they enable you to earn decent pay while maintaining a flexible schedule. DoorDash and GrubHub are two of the most popular platforms for food delivery drivers because they let you earn money in big cities and small towns. But which app is better? Learn more.

34 Best Jobs for 15-Year-Olds

Are you a young teenager searching for a job or a parent ready for your teen to start making some money? To help you think of job ideas, I've compiled the following list of jobs for 15-year-olds. Find out which companies are willing to hire kids as young as 15. Some of the names listed here might surprise you.

Best Jobs for 14-Year-Olds: 21 Jobs for Younger Teenagers

Believe it or not, many companies hire kids as young as fourteen. In addition, there are plenty of side hustles 14-year-olds can start on their own. If you're a young teen, or the parent of a teen looking for a job, I've compiled a list of 21 top jobs for 14-year-olds.

About Jim Wang

Jim Wang is a forty-something father of four who is a frequent contributor to Forbes and Vanguard's Blog. He has also been fortunate to have appeared in the New York Times, Baltimore Sun, Entrepreneur, and Marketplace Money.

Jim has a B.S. in Computer Science and Economics from Carnegie Mellon University, an M.S. in Information Technology - Software Engineering from Carnegie Mellon University, as well as a Masters in Business Administration from Johns Hopkins University. His approach to personal finance is that of an engineer, breaking down complex subjects into bite-sized easily understood concepts that you can use in your daily life.

One of his favorite tools (here's my treasure chest of tools,, everything I use) is Personal Capital, which enables him to manage his finances in just 15-minutes each month. They also offer financial planning, such as a Retirement Planning Tool that can tell you if you're on track to retire when you want. It's free.

He is also diversifying his investment portfolio by adding a little bit of real estate. But not rental homes, because he doesn't want a second job, it's diversified small investments in a few commercial properties and farms in Illinois, Louisiana, and California through AcreTrader.

Recently, he's invested in a few pieces of art on Masterworks too.

>> Read more articles by Jim

Opinions expressed here are the author's alone, not those of any bank or financial institution. This content has not been reviewed, approved or otherwise endorsed by any of these entities.

As Seen In: