Offer at a glance
- Maximum bonus amount: $100
- Availability: CA only
- Direct deposit required: None
- Additional requirements: See below
- Hard/soft pull: Soft
- ChexSystems: Unknown
- Credit card funding: Up to $125, Visa/MC/Discover
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None listed
- Expiration date: None listed
Contents
The Offer
- Tech CU is offering a $100 checking bonus when you open a Business Basic Checking or Business Interest Checking account and set up merchant services
The Fine Print
- Once Tech CU Business Basic Checking or Tech CU Business Interest Checking account and USMS merchant processing is set up with the business account, the $100 will be deposited into the Tech CU Checking account within 30 days.
- Business must meet security and credit requirements to qualify.
- Ask a Tech CU Business Services representative for details. Additional conditions may apply.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Basic business checking account has no monthly fees to worry about.
Early Account Termination Fee
Personal bonus needed to be kept open for 9 months to avoid the bonus being taken back, I don’t see that in the terms of this offer.
Our Verdict
Personally I don’t think merchant service bonuses are worth doing, especially when the bonus is so low. Because of that we won’t add this to our best business checking bonus page.
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
