Chase Total Checking®

Associated Bank $400 Checking Bonus

Associated Bank is offering a $400 bonus for opening up a checking account! Simply open a checking account and make a direct deposit to receive your bonus.

Get someone to refer you and get an additional gift. More details below!

For more current bank offers, see our bank bonuses page. The most popular offers are from Chase BankSoFi, and Fifth Third Bank.

This post may contain affiliate links, meaning I get a commission at no cost to you if you decide to make a purchase through my links. Visit this page for more information. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

Associated Bank $400 Checking Bonus Overview

Associated Bank is offering a bonus of up to $400 when you open a new checking account and complete the following requirement:

  • Receive direct deposits totaling $500 or more into your new checking account within 90 days of account opening.
  • Grow your balance – and your bonus – by simply adding funds into your checking or other deposit accounts.
  • Collect your $400 bonus in 120 days.

The bonus amount will depend on your average daily balance in your account (calculated by averaging your balance between days 31-90 from account opening):

Average Daily BalanceBonus Amount
up to $999$100
$1,000 – $4,999.99$200
$5,000 – $9,999.99$300
$10,000+$400
Associated Bank $500 checking bonus banner
(Image from Associated Bank)

Who Qualifies For The Bonus?

You must live in one of the following states:

  • Iowa (IA)
  • Illinois (IL)
  • Indiana (IN)
  • Kansas (KS)
  • Michigan (MI)
  • Minnesota (MN)
  • Missouri (MO)
  • Ohio (OH)
  • Wisconsin (WI)

Along with residing in one of those states, you can’t be a current customer or had an Associated checking account in the last 12 months or customers who received a new personal checking account bonus within the last 24 months.

Your employer must also bank with Associated Bank to receive this bonus.

Where Do I Enroll?

You can apply online directly via the link below. For those who want to apply in person, the promotion site will also provide an option to schedule an appointment or send you a promo code so you can open an account at a branch near you.

What Are The Details?

Availability: IA, IL, IN, KS, MI, MN, MO, OH, WI
Expiration: 12/31/22
Household Limit: None (everyone in your family can get the bonus!)
Direct Deposit Required: Yes, $500 or more (see what counts as a direct deposit)
Early Account Termination Fee: Bonus forfeited if account closed within 12 months

$400 Bonus Breakdown

To determine your bonus as mentioned in the beginning, 90 days after opening your checking account, Associated Bank will calculate the sum of the average daily balance for all your open Associated Bank deposit accounts for days 31-90.

So if you have other accounts at Associated Bank, this should help you reach the highest bonus tier:

Average Daily BalanceBonus Amount
up to $999$100
$1,000 – $4,999.99$200
$5,000 – $9,999.99$300
$10,000+$400
  • $100 Bonus: Receive a bonus of $100 for total average daily balances up to $999.99
  • $200 Bonus: Receive a bonus of $200 when your total average daily balance is between $1,000 and $4,999.99
  • $300 Bonus: Receive a bonus of $300 when your total average daily balance is between $5,000 and $9,999.99
  • $400 Bonus: Receive a bonus of $300 when your total average daily balance is $10,000 or more

The bonus will be posted 120 days from account opening.

Avoiding Fees

The three different checking account options have a monthly fee between $0 and $25 that can be waived if you meet certain requirements. The bonus offer is the same across all the checking accounts; the difference is just the features that the account provides.

I recommend the Associated Access Checking so you don’t have to worry about monthly maintenance fees at all:

Associated Access Checking:

You’re free of monthly maintenance fees and account minimums!

Associated Balance Checking:

The $9 monthly fee can be waived if you:

  • Maintain a $1,000 minimum daily balance OR
  • Direct deposit or Associated SnapDeposit™ a total of $500 or more per statement cycle OR
  • Hold $2,500 in combined deposit accounts with same statement cycle date or the presence of either an HSA or investment account

Associated Choice Checking:

The $25 monthly fee can be waived if you:

  • Hold $10,000 in combined deposit accounts with same statement cycle or the presence of either an HSA or investment account
Associated Bank checking accounts comparison
(Image from Associated Bank)

Terms & Conditions

  • Determining your bonus: 90 days (or the previous business day), after opening your checking account, we will calculate the sum of the average daily balance for all your open Associated Bank deposit accounts for days 31-90.
  • All personal Associated Bank checking, savings, money market, IRA and/or CD account balances are included in the calculation to determine your total average deposit balance. Accounts must be titled with the same primary account holder to qualify for the bonus. Deposit balances from business, HSA, investment, minor or private banking accounts are ineligible.
  • Offer not available for customers who already have or have had an Associated Bank checking account within the last 12 months. Associated Bank colleagues are not eligible.
  • For tax reporting purposes, the bonus will be reported to the IRS on Form 1099-INT. The offer and APY are subject to change, at Associated Bank’s discretion, at any time without notice and other exclusions may apply.

The Bottom Line

Great bonus from Associated Bank.

There’s also a referral bonus that you can stack with this $400 offer. If you get an existing Associated Bank customer to refer you with their unique link, the person referring you will get a $50 bonus while you’ll get a Christian Yelich bobblehead. You can sell the bobblehead on eBay for another $30-$50.

It’s unfortunate that this offer is only available to residents of a few states. Hopefully they expand their footprint to other regions so we all can hop on this bank promo.

I’ll add this to the list of the best bank bonuses.

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