[Expired] [PA & OH] S&T Bank $200 Business Checking Bonus

This deal has expired, you can view the best current checking bonuses here.

Offer at a glance

Maximum bonus amount: $200
Availability: Must open in branch, most locations are in Pennsylvania. I think there is one in Ohio. [Branch locations]
Direct deposit required: No
Additional requirements: See below
Hard/soft pull: Soft
ChexSystems: Unknown
Credit card funding: Up to $100 online, unsure if possible in branch
Monthly fees: None
Early account termination fee: Unsure
Household limit: None listed
Expiration date: ~~June 22nd, 2018~~ September 25th, 2018

Contents

1 The Offer
2 The Fine Print
3 Avoiding Fees
4 Our Verdict

The Offer

Direct link to offer

S&T Bank is offering a $200 bonus when you open a new business checking account and complete the following requirements:
- $100 for opening a new account with at least $5,000 and apply for, receive and activate business debit card by 07/25/18
- $50 for adding remote deposit capture by August 17th, 2018 and it must remain active until September 14th, 2018
- $50 for enrolling in business online banking by August 17th, 2018 and it must remain active until September 14th, 2018

The Fine Print

To qualify for the $100 incentive, a new Basic Business Checking account must be opened with a $5,000 balance between 04.17.18 and 06.05.18.
Business checking account must remain open with a positive balance in order for you to receive incentive, which will be credited to the eligible account by 07.13.18.
New account will not be eligible for offer if any signer has signing authority on an existing S&T Bank Business checking account or has closed an account within the past 90 days, or has been paid a promotional premium in the past 12 months.
If multiple accounts are opened with the same signers, only one account will be eligible for the incentive.
Business must also apply, receive, and activate an S&T Bank business debit card that is associated with the new Basic Business checking account by 06.22.18.
To receive additional $50 incentive offer for Remote Deposit Capture, business must open Remote Deposit Capture service by 06.29.18 and remain active until 07.20.18 to receive $50 incentive by 07.27.18
When business enrolls new business checking account in Business Online Banking by 06.29.18 and remains active until 07.20.18, $50 incentive will be added to your incentive amount on 07.27.18
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Account must be kept open until 7/13/18 in order to receive the incentive. The basic business account is a free checking account (up to 500 items per month). I’m unsure if there are any fees for remote deposit capture.

Our Verdict

They have previously offered a bonus of up to $350 when you open a new checking account, you basically receive $250 for opening the account with a debit card compared to the $100 here and then the other requirements were the same. Given that this was offered so recently, I’m hopeful that they will offer a bigger and better bonus than this $200 bonus in the future so we won’t be adding this to the best business checking bonuses. They do have a $200 personal checking bonus that is worth doing though.

Big thanks to reader, Curmudgeon who let us know. Learn how to find bonuses and contribute to the site here.

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4 Comments

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Ryan Goldstein (@guest_597345)

May 21, 2018 11:22

#597345

As a data point, I’m in Philadelphia and attempted to open an account at S&T a last month. It was closed a few days later for being too far from their service area. I was told they’ll generally close the accounts of anyone who lives more than 25 miles from one of their branches.