[CO, IA, IL, KS & TX] TBK Bank $200 Business Checking Bonus

Offer at a glance

• Maximum bonus amount: $200
• Availability: CO, IA, IL, KS & TX
• Direct deposit required: No
• Additional requirements: See below
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: None
• Early account termination fee: $15, 90 days
• Household limit: None
• Expiration date: None

The Offer

Direct link to offer

• TBK Bank is offering a bonus of $200 business checking bonus. The bonus is broken down as follows:
  • $100 merchant service bonus
  • $50 when you complete at least 3 recurring automatic transfers from this account to a TBK Bank savings or money market account within the bonus period
  • $25 debit card bonus when you get a debit card and make one point of sale purchase that clears your account within the qualifying bonus period
  • $25 when you open and fund an AIM or everyday consumer checking (DDA) account within the qualifying period

The Fine Print

• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Basic checking account has no monthly fees to worry about.

Early Account Termination Fee

According to this comment there is a $15 fee if the account is closed within 90 days

Our Verdict

Most of the bonus is from opening a merchant services account, I don’t think it’s worth chasing merchant service bonuses for a variety of the reasons. $25 of the bonus looks to be from opening a consumer account, but you can get a $150/$200 consumer checking bonus. Because of all this we won’t add this to our list of the best bank account bonuses.

Useful posts regarding bank bonuses:

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• PSA: Don’t Call The Bank
• Introduction To ChexSystems
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• 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?
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