[CA, OR, WA only] [YMMV] Union Bank $500 In Branch Business Checking Bonus

Update: According to these datapoints the Flyer is required.

Offer at a glance

• Maximum bonus amount: $500
• Availability: CA, OR, WA, in branch only. Flier might be required. [Branch locator]
• Direct deposit required: No
• Additional requirements: See below
• Hard/soft pull: Soft
• ChexSystems: Unknown (reports of them being sensitive)
• Credit card funding: None
• Monthly fees: $5+ avoidable
• Early account termination fee: Unknown
• Household limit: Unknown
• Expiration date: August 31st, 2017

The Offer

No direct link, must go in branch. It says you must bring the mailer in, but in the past the bonuses have been advertised in branch. Bonus code is MTSGrowYourBusiness$500

• Businesses in CA, OR and WA can receive a $250 business checking bonus when they open a new Union Bank checking account and meet the following requirements:
  • Maintain an average monthly balance of at least $1,000 on the account each statement period after account opening
  • Performance at least 10 account transactions  within the first monthly statement period

The Fine Print

• Bonus code is MTSGrowYourBusiness$500
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Not sure if there is any early account termination fee as I was unable to find the fee schedule. Easiest account to keep fee free is the Business Basics checking account, this has a $5 fee with paperless statements and $7 with paper statements. This fee is waived if you do any of the following:

• Average daily balance of $1,000+
• Monthly checking average balance of $3,000
• Monthly average balance of linked business and personal accounts

Our Verdict

Previous bonuses from Union Bank have been $250, so this is double as good! Obviously a fantastic deal if a flyer isn’t required or the bonus is advertised in branch. If that’s the case this will definitely be one of the best business checking bonuses. As always if anybody tries it out let us know your success or failure in the comments below.

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