MPH.Bank is offering a $200 bonus when you open a new MPH Spend Checking Account and fulfil qualifying requirements. The bonus is divided into two parts.
- $100 bonus when you set up a direct deposit and maintain an average monthly balance of $1,000 consecutively over the first three months of your account being open.
- $100 bonus when you set up a direct deposit and maintain your direct deposit3 and the average balance of $1,000 for another nine consecutive months.
MPH.Bank offers the following four accounts:
- Free Account – No fees account.
- Friends Account – An account with a generous rewards program for referring friends.
- First Account – Account for kids and young adults
- Fresh Account – Account for those with issues with Chex systems and need a fresh start
MPH Bank Bonus Summary
Bonus – $200
Account – All Spend (Checking) accounts
Direct Deposit – Yes, of at least $500.
Balance Requirement – Average monthly balance of $1,000
Availability – Nationwide
Offer Expiry – No mention
Account Fees – None
MPH Bank Bonus Requirements
- Open a new MPH.Bank Spend Checking account online
- Set up direct deposit to the account
- Maintain an average monthly balance of $1,000 for the first three months to get $100 bonus.
- Maintain an average monthly balance of $1,000 for the next nine months to get additonal $100 bonus.
MPH Bank Account Fee | How to Avoid It?
- Free Account – No monthly fees.
- Friends Account – $9 monthly fees. Waivable if you make 15 MPH.Bank card purchase in a month.
- First Account – No monthly fees.
- Fresh Account – $9 monthly fees. Cannot be waived.
Early Account Termination Fees
There is no mention of early termination fees. We recommend to keep the account open for at least 180 days.
The Fine Print
- Get $100 after opening any mph.bank Spend (checking) account AND setting up a monthly Early Pay (Direct Deposit) and maintaining an average balance of $1,000 for 3 consecutive months.
- Get another $100 for maintaining the same requirements above for an additional 9 consecutive months.
- Offer not available to existing mph.bank Spend account customers or those who have closed a checking account in the last 12 months. Account must be in good standing (not be overdrawn) throughout the duration of the special.
MPH.Bank $200 Bonus is slightly below average as it requires you to have direct deposit and maintain $1,000 average monthly balance for a year.