Offer at a glance
- Maximum bonus amount: $400
- Availability: AL, AR, FL, GA, LA, MO, MS, TX and TN
- Direct deposit required: No
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: $10, avoidable
- Early account termination fee: Unknown
- Household limit: None listed
- Expiration date: Nov 30, 2025
Contents
The Offer
- Cadence Bank is offering a $400 business checking bonus when you open a new business checking account and complete the following requirements:
- Deposit a minimum of $5,000 into the new business checking account within 30 days of account opening
- Maintain at least $5,000 average daily collected balance for the first three statement cycles
- Conduct 15 qualifying transactions within the first three statement cycles using the new business checking
The Fine Print
- The $400 Cadence Bank business checking account bonus offer is valid for accounts opened in branch between August 1, 2025 and November 30, 2025. Eligible accounts include Business My Way Checking or Business Checking Plus. Accounts are subject to approval. To qualify for a $400 cash bonus, the customer must complete each of the following stipulations:
- Deposit a minimum of $5,000 into the new business checking account within 30 days of account opening.
- Maintain at least $5,000 average daily collected balance for the first three statement cycles.
- Conduct 15 qualifying transactions within the first three statement cycles using the new business checking.
- The average daily collected balance is defined as the average daily total within the business checking account at the end of the statement cycle. Qualifying transactions include ATM & Teller deposits, debit card purchases, Bill Pay, Mobile Deposit, ACH credits and debits, incoming and outgoing wires.
- The cash bonus will be deposited into the eligible new account within 90 days of completing qualifying activity requirements.
- To receive the cash bonus, the checking account must be open and in good standing.
- A cash bonus is considered income and may be reported on IRS Form 1099-INT, 1099-MISC, or 1042-S, as required by applicable law.
- Limit one account opening bonus per qualifying account.
- Limit one account opening bonus per business customer.
- Offer not available to business clients who were a primary account owner of a Cadence Bank business checking account in the last 12 months.
- Established, converted or repurposed Cadence Bank business checking accounts are not eligible. Cadence Bank employees are not eligible. Offer availability subject to change.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Business My Way Checking has a $10 monthly fee. This is waived with:
- $500 minimum daily ledger balance OR
- Five debit card purchase transactions per monthly statement cycle
Early Account Termination Fee
I wasn’t able to find a fee schedule so unsure if there is any EATF.
Our Verdict
Huntington is acquiring Cadence Bank so might be worth doing this bonus before that happens.
Hat tip to reader Big Dawg
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- 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
- Bank Bonus Posting Times
