[CA only] KeyPoint Credit Union $500 Business Checking Bonus

Offer at a glance

  • Maximum bonus amount: $500
  • Availability: CA
  • Direct deposit required: None
  • Additional requirements: Use promo code
  • Hard/soft pull: Soft pull
  • ChexSystems: Unknown, sensitive
  • Credit card funding: $500
  • Monthly fees: $15, avoidable
  • Early account termination fee: None
  • Household limit: None
  • Expiration date: None

The Offer

Direct link to offer

  • KeyPoint Credit Union is offering a $500 bonus when you open a new business elite checking account and complete the following requirements:
    • Use promo code BUS25
    • maintain an average daily balance of at least $2,000
    • Use your new debit card(s) to make 20 purchases

The Fine Print

  • Offer may be cancelled at any time.
  • May not be combined with any other promotion.
  • KeyPoint Membership required.
  • To qualify for bonus, Business Member must (a) maintain minimum average daily balance of $2,000 for 90 days following account opening date and (b) use account business debit card to make a minimum of 20 POS purchases of at least $5.00 within 90 days following account opening date.
  • Deposits, Payments, Returns, and Miscellaneous transactions do not count toward the required purchases.
  • $500 bonus credited to checking account within 90 days of meeting requirements.
  • Offer good for new Business Members only—former Business Members who closed an account within two years of new account open date are not eligible for bonus.
  • KeyPoint officials and employees are not eligible.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has a $15 monthly fee, this is waived with a minimum $2,000 average daily balance

The required business membership savings has a $500 average daily balance requirement to waive the $5/month fee.

Early Account Termination Fee

I wasn’t able to find an early account termination fee in the fee schedule.

Our Verdict

There is also a $300 personal checking bonus as well. This business bonus is worth doing as well as the requirements are easy. Will add this to our list of the best bank account bonuses.

Hat tip to reader Davis

Useful posts regarding bank bonuses:
    William Charles
  • On April 20, 2025, 13:30
Tags: ca bank bonusescredit card fundingdirect deposit not requiredsoft pull

View Comments (144)

  • Those of us who have come this far, what are we thinking on the 20 debits? Real transactions, amazon reloads or what, considering how much they're being sticklers?

    • Came here to ask the same question haha. Amazon reloads *should* be fine, no? They are real transactions, after all. But does a POS transaction mean it needs to happen in person, or just that it’s a debit card purchase?

  • Funding DPs
    Personal accounts: WF Active Cash, cash advance fee
    Biz accounts: WF Sig Biz, no cash advance fee

    Figure that one out lol

  • This bonus is truly for the dedicated.
    I applied as a sole prop for the checking and the required business savings. First they wanted to unfreeze Chex even though I am already a member (though no open accounts). Then they asked for a schedule C. Then they asked for the full return. Then they asked questions on the phone interview. Then came the Docusign. Then they asked me to open the personal savings. Finally everything was opened.
    Note that the personal savings and the business savings are both required. The personal savings requires $10 average daily balance to avoid the fee, so that's no big deal. The business savings requires $500 average daily balance, which is in addition to the $2000 average daily balance required for the business checking. At least it's average, not minimum. I am eagerly awaiting the debit card so that I can start those 20 purchases.

  • What a fucking pain in the ass. I already have the personal account. I tried everything but they are insisting they need a full tax return. They wouldn't accept a 2022 tax return. They are demanding it needs to be 2024.. which I won't be able to file until much later. I give up, Keypoint. You win

    • A full return or Schedule C? I’d give them 2023, the most recently filed one, and the extension you filed for 2024. They shouldn’t be able to argue that.

      • They said they can only accept the full return. It has to be the whole thing not just Schedule C. Wondering if anyone else got a different answer. TBH, I also don't feel comfortable sharing my whole return with them. That's why I didn't mind sharing an older return but even that wasn't good enough for them. It's pretty clear it's a sole prop. I told them honestly I also have 5 other business bank accounts open right now.

  • They're already being a pain in the ass. The account has been open 1 week and I was charged $15 for being under $2000 while I've been waiting for an external transfer to clear. Chatted with support and reversed it.
    Also they confirmed that the 90 day $2000 average is calculated from day 1 of the account being opened, so I need to keep about $2200 in it from now on to average it out.
    This better be a pretty sweet $500.

    • April 18th - account opened - funded $100
      April 19th - funded $1,940 - balance $2,040
      April 30th - charged $15 maintenance fee for not having the average balance of $2,000 for the month

      Sent a secure message to ask for a one time curtesy fee waiver.
      I have a personal account, so I was able to transfer from my personal to my business the very next day after my business account was opened.

    • I can't even pull money into the biz account from external accounts. It's really quite ridiculous. They were not ready for primetime here...

      • Yup, same here. You have to move the money first into one of the other accounts they force you to open.

        • I was too worried they'd get weird about it not being new money even though that wasn't a requirement so I mobile deposited a check like it's 2015 lol.

    • Same on the fee. I just keep telling myself at least it's $500 and not a measly $100-200 for this...

  • Thanks for the reply Ken and Moresun. Congratulations to both of you! I truly celebrate your success. I would suggest getting proof that they Keypoint will honor the original terms if you applied online before terms changed to In Branch Only. I did succeed in my communication with them via the Check Application Status page to get them to agree to that. Just failed on the PreScreen. That's my take after all the back and forth communication with them.

  • To save all from the hassle...and Chex inquiry....do not waste time following up with Keypoint. Freeze Chex to avoid a wasted inquiry. As I have yet to see any approvals in this thread.

    • I was also approved but as has been stated they want a LOT. Only operating businesses who don’t mind sharing everything should bother applying.

    • I got approved but had to jump through many hoops, including uploading entire tax return, fictitious name statement, etc

      • @guest_2048206 @guest_2047065 Did you both apply online? I wonder whether they are more relaxed in branch. I have a real business the existence of which is easily verified on various government websites, but disclosing an entire return seems ridiculous for a checking account.

        • I did online. My phone rep mentioned something about online being kinda new for business accounts so I think they’re being extra through. I would go in branch.

          Fwiw I was also told I had to open a personal savings account for membership. So I hit the checking bonus via DoC referral thread (not a great bonus as you can’t fake their DDs but it’s $50/month until a better offer comes along for my DD).

          • The requirement to open a consumer membership is bizarre. What if the business was a corporation? Would the officers or shareholders be required to open consumer memberships?

            Thank you for letting me know about this additional requirement. I guess I will think about it some more, but I am tempted to pass. The branch is 2 hours away, and I can't do the consumer bonus you mentioned because I can't generate consecutive real DDs (my only source for real DDs is irregular). This is starting to look like way too much trouble for $500.

  • They definitely only want legit businesses. Can confirm they want the entire tax return, not just the sched c. If that all checks out then it's a phone interview for regulatory type q's on your business. If any of that is a deal breaker do not waste your time applying.

  • Sole prop available but they require chex pull (even if already a personal acct member) and need schedule c from tax returns

    • They want the entire tax return. Is that even legal? They claim it's to determine the health of the business but the rest of the tax return is not relevant to the health of the business. They should disclose this nonsense up front before wasting everyone's time.

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