Deal has ended, view more bank account bonuses by clicking here.
Offer at a glance
- Maximum bonus amount: $750
- Availability: CA, IL, NJ, NY, TX, VA
- Direct deposit required: No
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Unknown, not sensitive
- Credit card funding: Unknown
- Monthly fees: $8, avoidable
- Early account termination fee: Six months, bonus forfeit
- Household limit: None listed
- Expiration date: None listed
Contents
The Offer
- Hanmi Bank is offering a business checking bonus of up to $750:
- Open a Business Regular Checking or Business Analysis Checking and get $400 cash bonus when you maintain 3 month average balance between $30,000~$49,999.99
- Open a Business Regular Checking or Business Analysis Checking and get $750 cash bonus when you maintain 3 month average balance of $50,000 or above
- Must also enroll e-Statement within 30 days after account opening, must conduct minimum of one (1) ACH debit/credit or five (5) POS debit card purchase during each of the first three (3) months
The Fine Print
- Promotion offer is valid for a new qualifying business checking account opened from April 25, 2022 to July 31, 2022.
- Only one (1) account is allowed per customer.
- To qualify for the offer, you must be a new checking customer, must open a qualifying business checking account with new money.
- A new checking customer is defined as a customer who has not had any existing business checking account with Hanmi Bank within the past 180 days from the date of the account opening.
- New money is defined as funds that are not held at Hanmi Bank.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Regular checking account has a $8 monthly fee. This is waived if you Maintain a minimum daily balance of $2,500.00 or average daily balance of $5,000.00 per statement cycle
Early Account Termination Fee
Bonus is forfeit if closed within six months.
Our Verdict
$400 bonus works out to be a 5.33% annualized return and $750 bonus works out to be a 6% annualized return. Much better than standard savings accounts but comparable to some high yield accounts, still worth doing for some people.
Hat tip to reader John L
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
