Elgin State Bank Promotions: $200, $300, $500 Checking, Savings Bonuses [IL]

Find an updated list of Elgin State Bank promotions, bonuses, and offers here.

Currently, you can take advantage of a $300 bonus when you open a Checking Account and meet all the requirements.

Elgin State Bank Promotions Review

I’ll go over Elgin State Bank offers below.

Elgin State Bank $500 Checking & Savings Bonus

• What you’ll get: $500 bonus
• Where it’s available: IL (Bank Locator)
• Credit Inquiry: Soft Pull
• Credit Card Funding: Not stated
• How to earn it:
  • Earn $300 bonus:
    • Open a new Total Access Checking account and let them know you are aware of this Total Access Checking account bonus offer at account opening then complete:
      • At least monthly occurring direct deposits totaling $500.00 or more each month made to your new account for 2 consecutive calendar months after the calendar month your new account was opened
      • Enroll in online banking and activate e-statements within the Qualification Period
  • Earn $200 bonus:
    • Open a new Statement Savings account and let them know you are aware of this Statement Savings account bonus offer at account opening. Then complete the following:
      • Deposit $15,000.00 or more of new money, defined as money not held at any WTFC location
      • Maintain a minimum balance of at least $15,000.00 on the last business day of each of the 3 consecutive calendar months following the calendar month your new account is opened
  • After you have completed all the above bonus qualifications, we will deposit the bonus payment into your new account within 30 calendar days after the qualification period.

(Offer expires 01/29/2025)

Elgin State Bank $300 Checking Bonus

• What you’ll get: $300 bonus
• Where it’s available: IL
• Credit Inquiry: Soft Pull
• Credit Card Funding: Not stated
• How to earn it:
  • Open a new Total Access Checking account and earn the bonus when you
    • Enroll in online banking
    • Activate e-statements through bank’s website
    • Have at least monthly occurring direct deposits total $500 or more each month for the qualification period

(Offer expires 01/29/2025)

Editor’s Note: You can find the same offer with the White Sox Checking and Cubs Checking accounts.

How to Avoid Monthly Fees

• Total Access Checking: No monthly fees for this account
• Access Plus Checking: $10.00 monthly can be waived with $1,000 minimum daily balance or $2,500 average daily balance for the statement cycle.
• Premier Checking: $25.00 monthly can be waived with $10,000 average daily balance or $75,000 combined average relationship balance for the statement cycle.
• Cubs Checking: No monthly fees for this account
• White Sox Checking: No monthly fees for this account
• Student Checking: No monthly fees for this account
• Platinum Preferred Checking: $10.00 monthly can be waived with $1,000 minimum daily balance
• Money Smart Checking: No monthly fees for this account
• Entrepreneur Checking: $15.00 monthly when 75 transactions complete the $1,5000 minimum average collected balance
• Business Community Checking: $15.00 monthly if the $5,000 minimum average balance is not maintained
• Have-It-All Business Checking: $25.00 monthly if the $20,000 minimum average balance is not maintained

Author’s Verdict

To summarize, Elgin State Bank has some of the best promotions, bonuses, and offers. If you were already interested in this bank, this $300 checking promotion is very generous. They offer a variety of banking options so take advantage.

For more current offers, check out our bank bonuses page. Compare Elgin State Bank rates for CDs and Savings with our best rates for Savings and CD accounts.

Be sure to check more popular bank promotions include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank, and many more.

Additionally, you can find a full list of the best bank promotions here. Finally, remember to bookmark this page because you will always find an updated list of Elgin State Bank promotions here.