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.

💰 Get up to $2000 from a Citi Priority Account Today!

Citi Priority is offering up to $2000 when you open a Citi Priority Account by 1/9/2023.

Then, within 20 days of opening your account, deposit New-to-Citi® funds and keep it there for 60 days after the 21st day. The bonus is based on the amount you transfer.

This is a limited time offer so don’t wait!

Learn more about this offer

👉 Don’t have nearly that much cash? Consider this easy $150 or $200 bonus offer from Discover Bank instead!

👉 Bank of America’s $100 Bonus Offer is very popular too!

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 1/9/2023. 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 WH922 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

Huntington Bank – up to $300

If you are a resident of Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Dakota, West Virginia, or Wisconsin then you could get up to $300 from Huntington Bank for opening a new checking account. There are several checking accounts that qualify but they’re great offers if you live in their geographic region.

👉 Click here to learn more

Other Posts You May Enjoy:

8 Easy Ways to Make Extra Cash to Beat Inflation

Fast-rising inflation rates are putting increasing pressure on people’s finances. Thankfully, the internet provides a host of effective ways to increase your income and thus combat the price hikes. In this article, we discuss 7 proven ways to make extra money to fight inflation.

Freecash Review: Is Freecash the Top Site to Make Money?

Freecash is a get-paid-to site that's putting a unique spin on the concept of GPT sites by incorporating rewards like crypto. But as a relative newcomer to the scene, can Freecash compete with the top GPT sites? In this Freecash review, we’ll show you how it works and help you decide whether or not Freecash is for you. 

How Much Do YouTubers Make?

Have you ever wondered how much money YouTubers make? While there are YouTubers who make huge money, it's certainly not the case for the vast majority. This article will give you ideas about how much you can make as a YouTuber, where that income might come from, and some of the best ways to grow your YouTube audience. 

Get Paid Today: 16 Ways to Make Money In Your Spare Time

There are plenty of ways to make money in your free time, but some require several months of effort scaling a business or learning a new skill before you start earning a steady income. Thankfully, there are ways to get paid today by working online and in your local community with the skills and equipment you already possess.

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: