Offer at a glance
- Maximum bonus amount: Up to $150 + $150 for merchant services
- Availability: In branch only, they have branches in AZ, FL, NJ, NY, and OH
- Direct deposit required: None
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: $0-$15
- Early account termination fee: Unknown
- Household limit: One
- Expiration date:
March 31st, 2017August 31st, 2017
The Offer
No direct link, in branch only. Not sure if mail out is required or not (no mention of this in mail out)
- The NYCB Family of Banks are offering a bonus of up to $300 when you open a new Business Solutions Checking account. Bonus is broken down as follows:
- Receive $75 when you complete six debit card point of sale transactions of $10 or more
- Receive $75 when you make three online bill payments of $10 or more for two conscutive months
- Receive $150 when you activate a merchant services account TSYS
The Fine Print
- For businesses only
- Valid until
March 31st, 2017August 31st, 2017 - All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
The monthly fee on this account varies:
- $15.00 with avg daily collected balance between $0 – $999.99.
- $10.00 with avg daily collected balance between $1,000.00 – $2,999.99.
- $0 with avg daily collected balance of $3,000.00.
Our Verdict
They also have a $150 personal bonus, should be possible to do both at the same time. Assuming you can open these and get the bonus without the flyer they could be a good deal, but currently we don’t know enough about this bank to really pass verdict. Because of that it won’t be added to the list of the best bank account bonuses.
Big thanks to reader, Donald B who let us know. Learn how to find bonuses and contribute to the site here.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
Deal is back from 6/1/17 to 8/31/17. I’ll send an email to give you the updated flyer.
Thanks, [email protected]
I opened the personal checking account and Business Solutions checking accounts today. They have online banking and a mobile app. Both accounts are tied together online so only one logon is required. I will say that it took over an hour an a half today to open the accounts in the branch. They do the merchant services directly with TSYS apparently so the application process isn’t done the same day as the checking accounts. I have the scanned offers for the $300 business and the $150 for the personal checking accounts if needed. Also you don’t have to have the flyers when you go into the branch.
FWIW, it’s usually a hard pull to open a merchant services account.
According to the comments on previous post, they are Chex sensitive and you also need to close the account in branch. Doubt they have their app or maybe even online banking.