Bonus is no longer being offered. For more bank bonuses click here.
Bonus is available again for 2018. Thanks to reader Matt K
Offer at a glance
Maximum bonus amount: $250Availability: Two branches, one in Madison & one in Verona in WI [Branch locator]Direct deposit required: NoAdditional requirements: NoneHard/soft pull: UnknownCredit card funding: UnknownMonthly fees: NoneEarly account termination fee: 2 months, $250Expiration date: None listed
The Offer
Open a new free business checking account with Capitol Bank and receive a $250 bonus. There are no requirements to receive this bonus.
The Fine Print
You will receive the $250 deposit to your new Free Business Checking Account within 2 business days of the account opening.The account must remain open for 2 months. If the account is closed prior to this 2 month period, there will be a $250 fee assessed for closing the account.$250 bonus may be considered interest.All business checking accounts require a minimum of $200 to open.Upon closing, applicable minimum balance requirements and maintenance fees will apply.All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
There are no monthly fees on this account, you need to keep the account open for two months otherwise you will forfeit the bonus.
Our Verdict
This is a great deal, no bonus requirements or monthly fees to worry about. You need to fill out a form to sign up, not sure if you need to open in branch after that or not. I assume they will try to upsell other products as well. If anybody knows if this is a soft/hard pull then let us know in the comments. I’ll definitely be adding this to the best business checking account section if it’s a soft pull.
Big thanks to reader, David who let us know. Please consider sharing bank bonuses with this site so we can make it even better.
Useful posts regarding bank bonuses:
A Beginners Guide To Bank Account BonusesPSA: Don’t Call The BankIntroduction To ChexSystemsBanks & Credit Unions That Are ChexSystems Inquiry SensitiveHow To Use Our Direct Deposit Page For Bank Bonuses PageCommon Bank Bonus Misconceptions + Why You Should Give Them A GoHow Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?Affiliate Links & Bank Bonuses – We Won’t Be Using ThemComplete List Of Ways To Close Bank Accounts At Each Bank
