Posted by William Charles on May 2, 2017
Bank Account Bonuses

Published on May 2nd, 2017 | by William Charles

12

[Expired] [MA only] Cambridge Savings Bank $200 Business Checking Bonus

This bonus is now no longer available. Click here to view the best current business checking bonuses.

Offer at a glance

  • Maximum bonus amount: $200
  • Availability: Can only open accounts in branch. All branches are in MA. [Branch locations]
  • Direct deposit required: No
  • Additional requirements: 15 transactions
  • Hard/soft pull: Soft pull
  • ChexSystems: Unknown
  • Credit card funding: Unknown
  • Monthly fees: None
  • Early account termination fee: None mentioned
  • Household limit: None
  • Expiration date: May 6th, 2017

The Offer

Direct link to offer

  • Cambridge Savings Bank is offering a bonus of $200 for Small Business Week when you open a new business checking account and complete the following requirements:
    • Open a new BizFree, BizPro or BizPlus Checking Account
    • Make 10 transactions within the first 60 days of account opening

cambridge bank

The Fine Print

  • Offer good for new to bank business checking customers only.
  • Open a new BizFree, BizPro or BizPlus Checking Account Monday, May 1, 2017 through Saturday, May 6, 2017 and make 10 transactions within the first 60 days after your account is opened and we will credit your account within 90 days of account opening.
  • The value of this credit is $200.00 and will be reported as interest.
  • Offer is valid as of 5/1/17 and may be withdrawn at any time.
  • Cannot be combined with any other offer(s).
  • The BizFree, BizPro and BizPlus Checking Accounts have a $50 minimum account opening deposit.
  • All other rules and regulations for business checking accounts apply.

Avoiding Fees

The BizFree checking account has no monthly fee to worry about and you can make up to 125 transactions fee free as well. I wasn’t able to find any mention of any early account termination fee in the fee schedule.

Our Verdict

Difficult to know if this is a good or bad deal without knowing what business requirements there are. If anybody goes for it, please share your experiences in the comments. For now I won’t be adding it to our list of the best business checking bonuses.

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12 Responses to [Expired] [MA only] Cambridge Savings Bank $200 Business Checking Bonus

  1. Bob says:

    Cambridge Savings Bank is SP. I haven’t done business accts so not positive but 99% confident.

  2. Max says:

    Chex Sensitive. I was denied. Then again, I do have like 15+ inquiries in the past 6 months. Considerable majority approved of those.

    (Before you say well of course you’re denied, I don’t think that’s true, I think most banks are binary whether they care about inquiries or not. Some don’t at all. The ones who do seem to deny for around 10 in the last year? I’m not going to stay under that).

  3. L T says:

    Went in today and applied in one of their Cambridge branches. No docs needed for sole proprietorship. I have maybe around ~8 Chex inquiries in the past year and was not denied, however I did previously have a personal account with them back when they had a very good rate (3+% APY) on a rewards checking account, so that might have been at play. Process took around 40 minutes from beginning to end. Thanks DoC!

  4. Eddy Cue says:

    Additional DP: I was approved in-branch yesterday. I have a ton of Chexsystems inquiries in the last year and thought I might not get it.
    Interesting DP – the branch manager offered me an additional $50 to open a personal checking account & I accepted (I think I should have negotiated for $100. Lol!). The personal bonus comes with zero requirements.

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