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Mawney
Mawney (@guest_1350383)
March 19, 2022 20:18

 William Charles Looks like this deal is still available:
“Offer valid as of March 1, 2022 and may be canceled at any time without notice”

“To qualify for the $300 incentive, all owners of the business must establish $5 membership accounts, and the business must open a Business Savings account (minimum $100 to open), a Free Business Checking account (minimum $100 to open), an online banking account, eStatement, eNotice, and a debit card, and must make deposits totaling at least $5,000 in a calendar month for two of the first six months of account opening and complete five transactions (deposits, withdrawals, etc.) within the first 45 days.”

What has changed though is that to get the additional $200, no more credit card/loan requirement, just open the checking account and make a $500 DD within 45 days:
“To qualify for the $200 incentive, you must open a new Free Checking account with direct deposit ($500 cumulative which must post within 45 days of account opening), as well as accept and open online banking, online bill payment, eStatement, eNotice, and a debit card. No dividends are paid on Free Checking”

Must be done in branch though so quite restrictive.

Arneal
Arneal (@guest_364167)
March 4, 2017 18:07

I know that the personal accounts require a hard pull on your credit report, EX. I am unsure if it is the same for business accounts, though.

Chris
Chris (@guest_623021)
July 27, 2018 19:23

Correction Request: The promotion also requires a Business Savings account which does have a $100 minimum in order to waive the $10/month fee. Thank you William!

Ben
Ben (@guest_364079)
March 4, 2017 13:54

Hmm somewhat interested here, there’s not a branch in my city, but there is one 2 hours away near my parents. If they allowed mobile deposits, then I could make this work since just depositing a check of $5k 1 time/month for 2 months would be fairly easy. If anyone knows if they allow mobile deposits please let me know. Maybe I’ll call Monday to find out.

The other somewhat concerning criteria is “Any business EIN that has been paid a business checking incentive will not qualify for the $300 incentive”. That’s got to mean, a bonus earned with them…right? How could they possibly know if my EIN has received a bonus from some other bank? Or is there a way they could know that? Because then, I’d definitely be disqualified.

Bill M
Bill M (@guest_364112)
March 4, 2017 15:07

I am a member of this credit union but I do not have a business so I don’t know if they allow mobile deposits on business accounts. They do offer the service on personal accounts with a $5,000 daily maximum deposit limit. As far as them knowing about bonuses at other banks, there is no way they would know that. I am certain they mean you can’t get this bonus if you’ve ever gotten a bonus from them under an EIN.

Ben
Ben (@guest_364124)
March 4, 2017 15:38

Thanks for the info