Offer at a glance
- Maximum bonus amount: $300
- Availability: 4605 N Lincoln Ave, Chicago, IL
- Direct deposit required: None
- Additional requirements: Online banking
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: $18, avoidable
- Early account termination fee: Bonus forfeit, 180 days/6 months
- Household limit: None listed
- Expiration date: December 31st, 2017
The Offer
- Open a new business checking Bridgeview Bank’s Lincoln Square branch and receive a bonus of $300 when you do the following:
- Set up online business banking
The Fine Print
- Offer redeemable for new Business Checking Accounts opened by 12/31/2017 and may be withdrawn at any time without notice.
- Account opening and award of bonus are subject to account opening requirements.
- A $250 Minimum Opening Deposit and Business Online Banking are required to obtain bonus.
- Offer is subject to change without notice, is non-transferable and cannot be combined with any other offer.
- Offer not available to existing Bridgeview Bank customers or those who have closed an account within the past 60 days.
- In order to receive the incentive, you must establish Business Online Banking at account opening.
- Bonus is automatically deposited into the qualifying business checking account during the first complete statement cycle after online banking is established.
- Checking account must remain open for at least 180 days (6 months) or the incentive will be debited from the account at closing.
- The bonus is not part of the opening deposit and will be regarded as interest income on IRS form 1099-INT.
- You are responsible for any applicable taxes.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
They have four checking accounts, the cheapest is $18 per month and you need a balance of $3,000 to avoid that fee. You need to keep the account open for 180 days/6 months to avoid any early account termination fees.
Our Verdict
Awesome bonus if it’s a soft pull to open, very easy to meet bonus requirements and you can just park $3,000 in the account to keep it fee free (or pay $108+ in fees, not the best option). This will be one of the best business checking bonuses if it’s a soft pull. They also have bonuses on their personal checking accounts.
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
From the bank website:
A $250 Minimum Opening Deposit and Business Online Banking are required to obtain bonus.
I am going give a try soon. What is the best way to check on if it is only a soft pull ?
You can ask them before you apply. After you apply you can check your reports for free: https://www.doctorofcredit.com/whats-best-cheapest-way-monitor-credit/
Looks like this is in branch only 🙁
Yup