Published on May 18th, 2017 | by William Charles10
[MA only] Webster Bank $350 Business Checking Bonus
Offer at a glance
- Maximum bonus amount: $350 personal and $350 business
- Availability: Valid for branches in these places: Cambridge, Boston, Lexington, Newtown, Needham, Burlington, Brookline, Wellesley, Quincy. [Branch Locator Here] You must live within 50 miles of a branch
- Direct deposit required: Required (for personal bonus)
- Additional requirements: Yes, see below
- Hard/soft pull: Soft
- Credit card funding: None
- Monthly fees: $11.95, waivable
- Early account termination fee: $15 if closed within 90 days
- Expiration date:
December 30th, 2016June 2nd, 2017
- Open a new Webster Complete Business Checking or Webster Business Value Checking account at a participating branch and receive a bonus of $350 when you complete the bonus requirements as follows by 8/31/2017:
- Make cumulative deposits of $5,000 or more
- Complete a total of 6 deposits
The Fine Print
- Promotion valid for new Webster Complete Business Checking and Webster Business Value Checking accounts opened between 03/27/2017 and 06/02/2017 at Webster Banking Centers located in Boston, Cambridge, Newton, Lexington, Needham, Burlington, Brookline, Wellesley and Quincy, and meeting minimum opening balance requirements.
- Business customer must qualify for the account and complete either of the following by 08/31/2017: 1) make cumulative deposits of $5,000 or more OR 2) complete a total of 6 deposits.
- To be eligible, the primary business customer must not have had an open checking account since 09/27/2016 at Webster Bank.
- Account must be in good standing at the time of payment; an account is considered to be in good standing if it has a positive balance and is not in the process of being closed.
- All funds will be transferred into the newly established checking account by 09/29/2017.
- Amounts will be reported to the IRS, and customer is responsible for any applicable taxes.
- Offer is available to residents of NY, MA, RI and CT only.
- Please speak to a Webster banker for details.
Note that military and veterans might get a monthly fee waiver. (I can’t tell if all accounts get the waiver or only some.) There is also a $15 early account termination fee if the account is closed within 90 days.
Business Value Checking
This has a monthly fee of $11.95 that is waived if you do either of the following:
- Have an average monthly balance of $2,500 or more
- Are the primary owner of a personal premier checking account
This bonus is back and better than previous offers, because you can open the value business checking account with lower monthly fee requirements. Unlike the same previous offer there is a public link for this one as well. We will add it to our list of the best business bank bonuses.
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