Offer at a glance
- Maximum bonus amount: $100
- Availability: Looks to be in branch only. All branches in CT and one in MA.
- Direct deposit required: No
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: $12, avoidable
- Early account termination fee: Unknown
- Household limit: None listed
- Expiration date: June 30th, 2017
The Offer
- Farmington Bank is offering a $100 checking bonus when you open a new Platinum Business Checking account when you complete the following requirements:
- Mention bonus when opening account
- Open account before June 30th, 2017
- Keep an average daily balance of $2,500 or more during the entire month of July, 2017
The Fine Print
- Platinum Business Checking requires a $100 opening deposit, and $2,500 minimum daily balance to avoid the $12 monthly fee. Up to 300 transactions per statement period, $0.25 per transaction thereafter.
- To receive the $100 bonus: Mention this special when you open your new Platinum Business Checking Account before 6/30/2017 and keep a daily balance of $2,500 or more during the entire month of July 2017.
- The $100 bonus will be credited to your new Platinum Business Checking account by August 31, 2017
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
This account has a $12 monthly fee, this is avoided with a $2,500 minimum daily balance. I’m unsure if there is any early account termination fee or not.
Our Verdict
Having to open in branch kind of kills the deal, but still might be worth doing for some if it doesn’t take long to open in branch and you live near a branch. If anybody goes for it, please share your experiences and data points in the comments below.
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- 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
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- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
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