Offer at a glance
- Maximum bonus amount: $350
- Availability:Must Live, work or worship in either San Diego, Riverside or San Bernardino counties. Must open in branch. [Branch locations]
- Direct deposit required: None
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: None/cash advance in branch
- Monthly fees: None
- Early account termination fee: Six months, bonus forfeit
- Household limit: None
- Expiration date: None listed
The Offer
- Frontwave Credit Union is offering a $350 bonus when you open a new business checking & savings account and complete the following requirements:
- Open in branch with at least $1,500
- Enroll in eStatements
- Maintain a balance of $1,500+ in business checking for two months
- Make at least 10 transactions per month for two months
The Fine Print
- Effective September 1, 2025. This offer is available to new Frontwave Credit Union Business Members who open both a Business Checking and Business Savings account with eStatements at the same time, with a combined opening deposit of $1,500 or more. The business must meet membership eligibility requirements and provide all required documentation. Limit one bonus per business entity.
- This offer is not available to existing Business Members or to businesses that have closed any Frontwave Business account within the past 18 months. Frontwave employees, volunteers, and their immediate family members are not eligible to receive this offer for their own business.
- To qualify for the $350 bonus, the new Business Member must:
- Open both a Business Checking and Business Savings account with eStatements at the same time and deposit $1,500 or more at opening;
- Within the first 90 days, maintain a minimum daily collected balance of $1,500 in the Business Checking account for two consecutive full calendar months; and
- Within the first 90 days, complete a minimum of 10 transactions per month in the Business Checking account for two consecutive full calendar months.
- The $350 bonus will be deposited into the Business Savings account within 30 days of meeting all requirements. Bonus may be subject to tax and will be reported on IRS Form 1099-INT.
- Required documentation includes:
- Valid Tax Identification Number (EIN or SSN for sole proprietors);
- Current business license or fictitious business name filing;
- Business formation documents (e.g., Articles of Incorporation, Partnership or Operating Agreement);
- Government-issued photo ID for all owners, authorized signers, and beneficial owners (25% or more ownership).
- Additional documentation may be required under federal regulations or Frontwave policies. A full checklist by business type is available in our business checklist.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
eBusiness checking has no monthly fees with eStatements
Early Account Termination Fee
Normally with Frontwave bonus is forfeit if closed within six months, I don’t see that this time
Our Verdict
There is also currently a $600 personal checking bonus. Annoying this business one needs to be opened in branch but might still be worth it for some people.
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 Calculate And Share Your ChexSystems Datapoints
- 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
