Promotions and bonus offers from Byline Bank can be found updated here. Typical offers range from $150 to $1,200.
Byline Bank was established in 1927 and is headquartered in Chicago, IL. They have locations 60+ throughout Illinois and Wisconsin. If you don’t meet the residency requirements for this institution’s offers, see our bank promotions page for other offers. Top offers can be found from Chase Bank, TD Bank, HSBC Bank, Wells Fargo and many more banks.
I’ll review the current offers below.
[Expired] Byline Bank $150 Checking Bonus + $150 Savings Offer
- What you’ll get: Up To $300
- Where it’s available: IL, WI
- How to earn it:
- Earn $150 for Freedom Personal Checking:
- Open a Freedom Personal Checking Account online.
- Enroll in online banking and activate eStatements.
- Set up and receive ACH direct deposit(s) totaling $1,000 or more.
- Enjoy a $50 bonus each qualifying statement cycle, for up to $150.
- Earn $150 for Statement Savings:
- Open a Statement Savings account online.
- Enroll in online banking and activate eStatements.
- Maintain an average balance of $5,000 or more.
- Enjoy a $50 bonus each qualifying statement cycle, up to $150.
- Earn $150 for Freedom Personal Checking:
- When it expires: None listed
See great bonuses from Chase, Aspiration, Bank of America and more here.
How To Earn The Bonus
- Earn $150 for Freedom Personal Checking:
- Open a Freedom Personal Checking Account online.
- Enroll in online banking and activate eStatements.
- Set up and receive ACH direct deposit(s) totaling $1,000 or more.
- Enjoy a $50 bonus each qualifying statement cycle, for up to $150.
- Earn $150 for Statement Savings:
- Open a Statement Savings account online.
- Enroll in online banking and activate eStatements.
- Maintain an average balance of $5,000 or more.
- Enjoy a $50 bonus each qualifying statement cycle, up to $150.
- 24/7/365 money management at your fingertips.
- Schedule, track and pay bills.
- Transfer funds between Byline accounts.
- Review account balances, deposits, and withdrawals.
- Set up reminders and alerts.
- Go paperless with eStatements.
There are no monthly fees.
- New money only if funding via ACH.
- Offer effective July 19, 2021.
- Byline Bank reserves the right to change or terminate this offer at any time.
- Limit three bonus payments, one per qualifying statement cycle, for a maximum of $150 total bonus.
- Qualifying statement cycles include the 2nd, 3rd and 4th statement cycles from the online Account opening.
- Each $50 cash bonus will be deposited into your newly opened online Freedom Checking account no later than one statement cycle after meeting the qualifications for the bonus.
- Bonus will be listed on your statement as a Bonus Incentive and may be taxable as interest income.
- Consult with your tax advisor.
- Minimum opening deposit of $100 is required.
- See Personal Deposit Account Agreement and Disclosures on bylinebank.com/disclosures and rate sheet on bylinebank.com/rates, for additional terms and conditions.
- For new customers, only residents of Illinois and Wisconsin are eligible to open accounts online.
Bottom Line
They previously had a better offer but $300 is still a good deal.
[Expired] Byline Bank $450 Personal & $1,200 Business Offers
Earn up to $450 in bonuses for Byline Bank’s personal accounts and up to $1,200 for their Business account.
- Bonus offer expires 12/31/2019
- Available in IL and WI (most branches are in Illinois)
- Direct deposit is required for the total Personal account bonuses
- Monthly fees can be waived (see below)
- Early account termination fee of $25 if account closed within 6 months of opening
How To Earn The $450 In Personal Account Bonuses
$450 Personal Account Bonuses
- Open a new personal Checking & Savings account.
- Requirement for $125 Savings Account bonus:
- i) Open a new Personal Statement Savings or Junior Statement Savings account and
- ii) Maintain an average monthly ledger balance of $2,500 or more for each statement cycle beginning at account opening, to receive $25 bonus per statement cycle.
- Limit 5 bonus payouts for 5 consecutive statement cycles at account opening for a maximum of $125.
- Requirement for a one-time $25 e-statement bonus:
- i) Enroll in online banking.
- ii) Enroll in e-statements within the first statement cycle from opening date to qualify.
- Requirement for $75 Debit Card Swipe bonus:
- i) Complete 10 or more POS/signature debit card transactions, per statement cycle, to receive $25 bonus per statement cycle.
- Limit 3 bonus payouts, for 3 consecutive statement cycles beginning at account opening, for a maximum total of $75.
- Requirement for $75 Direct Deposit bonus:
- i) Have direct deposits totaling $1,000 or more , in the 2nd, 3rd, and/or 4th statement cycle from account opening, receive $25 bonus per qualifying cycle.
- Qualifying direct deposits include paycheck, pension, government benefits (e.g. Social Security), or other eligible regular monthly income electronically deposited into your new Byline account.
- Transfers completed via ATM, mobile banking, person-to-person, or teller are not qualifying deposits.
- Maximum payout for three consecutive statement cycles is $75.
- Requirement for $150 Minimum Monthly Balance bonus:
- i) Maintain average monthly ledger balance of $2,500, per statement cycle to earn $50 bonus per statement cycle.
- Limit three $50 bonuses within first three full statement cycles beginning at account opening.
- Freedom Checking has no monthly fee.
- Minimum to open a Personal Savings account is $100 and must maintain $200 to avoid the $3 service fee per statement cycle.
- Byline Bank reserves the right to change or terminate this offer at any time.
- Social Security Number or ITIN required.
- All terms and conditions apply.
- Customers who currently have, or have had the same personal account type with Byline in the past 12 months are ineligible for bonus.
- Bonus will be deposited into your newly opened account within 30 days of bonus qualification.
- Bonus will be listed on your statement as a rebate and may be tax reportable.
- Consult with your tax advisor.
- Maximum bonus pay out would be $450, per customer, if all conditions below are met for both a new checking and savings account.
How To Earn The $1,200 Business Account Bonus
$1,200 Business account bonus
- Open a new Makers or Builders Business Checking account.
- Requirement for $1,200 bonus: Open a new eligible Byline business account and maintain an average monthly ledger balance of $10,000 per statement cycle for six consecutive cycles, beginning with the cycle of account opening, to earn $200 bonus per cycle.
- Limited to six payouts.
The Makers Checking account has no monthly fee.
- Byline Bank reserves the right to change or terminate this offer at any time.
- Tax ID Number required.
- Qualifying accounts include: Makers and Builders Business Checking Accounts, subject to approval.
- All standard terms and conditions apply.
- Bonus will be deposited into your newly opened account within 30 days of account qualification.
- Customers who have or have had a Makers or Builders business account with Byline in the past 12 months are ineligible.
- Bonus will be listed on your statement as a rebate and may be tax reportable.
- Consult with your tax advisor
Bottom Line
Quite a number of requirements to earn the Personal account bonuses. But, the Business offer is a great return on the amount you have to deposit. Compare these offers with the best bank offers here.
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
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