Independent Bank Promotions: $50, $200 Checking, Referral Bonuses [MI]

Find the latest listing of Independent Bank promotions, bonuses, and offers here.

Update 4/5/24: There is now a $200 checking bonus (up from prior $100) and $50 referral bonuses.

Independent Bank Promotions Review

Independent Bank full range of financial services including commercial banking, mortgage lending, investments, and title services. They are committed to providing exceptional service and value to their customers, stockholders, and communities. They also provide an A health rating.

I’ll go over Independent Bank offers below.

Independent Bank $200 Checking Bonus

• What you’ll get: $200 bonus
• Availability: MI (Bank Locator)
• Credit Inquiry: Soft Pull
• Credit Card Funding: Up to $1,000
• Early Termination Fee: None
• How to earn it:
  • Open a new checking account.
  • Earn $100 when you receive 4 or more direct deposit transactions of $50 or more within 90 calendar days of opening your account.
  • Earn $100 when you swipe your new debit card 15 times each month for the first 90 calendar days of opening your account.

(Expires 12/31/2024)

Independent Bank $50 Referral Bonus

• What you’ll get: 
  • Referrer earns $50 bonus
• Where it’s available: MI
• How to earn it:
  • Complete the registration from and click REGISTER
  • Provide contact information and a valid email address for the friends and family you would like to refer OR share an offer on social media
  • Once your friend registers for the referral offer using your personal referral link and completes an offer listed below, you will receive a Reward Card

(Limited time offer)

Independent Bank $50 Business Referral Bonus

• What you’ll get: $50 bonus
• Where it’s available: MI
• How to earn it:
  • Refer someone to open a new business checking account
  • Complete 15 debit card transactions (ATM transactions excluded)
  • Complete a minimum of $1,000 in cumulative deposits within 60 days after account opening
• When it expires: None listed

(No Expiration Date)

[Expired] Independent Bank $200 Checking Bonus

• What you’ll get: $200 bonus
• Availability: MI
• How to earn it:
  • Open a ONE Account online or in your local branch
  • Swipe your Debit Mastercard® 20 times within 60 calendar days of account opening
  • Complete 4 direct deposits of $100 or more within 60 calendar days of account opening
  • Account must be opened by July 15, 2022.
• When it expires: 07/15/2022

(Expires 07/15/2022)

[Expired] Independent Bank $250 Checking Bonus

• What you’ll get: $250 bonus
• Where it’s available: MI
• How to earn it:
  • Open a new ONE Account
  • Earn $50 when you complete 10 debit card transactions within a 45 day period
  • Earn $100 when you establish a recurring direct deposit of at least $50
  • Earn $100 when you maintain a balance of $2,500 or more for 60 days
• When it expires: 12/31/2021

(Expires December 31, 2021)

How to Avoid Monthly Fees

• Personal Checking: $2 monthly fee, waivable if enrolled in eStatements
• Eagle Savings Account: $12 quarterly fee, waivable with a minimum daily balance of $300, combined account statements, or eStatements
• Health Savings Account: None
• Swift Savings Account: $12 quarterly fee, waivable if primary account holder is under 18
• Relationship Money Market Account: $12 monthly fee, waivable with a minimum daily balance of $2,500
• Business Freedom Checking: $2 monthly fee, waivable with an average daily balance of $1,000+ or with eStatements
• BusinessFlex Checking: $12 monthly fee, waivable with an average daily balance of $25,000+
• EagleAdvantage Checking: $12 monthly fee, earnings credit can offset fees
• EagleFlex Savings: $12 quarterly fee, waivable with a minimum daily balance of $300+, combined account statements, or eStatements
• Business Money Market: $12 monthly fee, waivable with a minimum daily balance of $1,000+
• EagleAdvantage Money Market: $15 monthly fee, waivable with a minimum daily balance of $10,000+

Author’s Verdict

Lastly, Independent Bank has some of the best promotions, bonuses, and offers in Michigan. With FDIC insurance, you can be sure that your money is secure.

Additionally, for more current offers, check out our bank bonuses page. Similarly, compare Independent Bank rates for CDs and Savings with our best rates for Savings and CD accounts.

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