Offer at a glance
- Maximum bonus amount: $250
- Availability: You’re eligible for Membership if you: Live, work, worship or attend school in one of these CT counties (Fairfield, Litchfield or New Haven) Are an employee of one of our Select Employer Group companies (see below for list) Have a family member who is already a Member of MSCU
- Direct deposit required: No
- Additional requirements: 20 debit card transactions
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: None
- Monthly fees:
- Early account termination fee:
- Household limit:
- Expiration date: 9/30/26
The Offer
- Mutual Security Credit Union is offering a $250 bonus when you open a new business checking account and complete the following requirements:
- Make 20 debit transactions within 60 days and keep your account in good standing to qualify
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 business checking has a $10 monthly fee and that is waived with a $1,000 minimum daily balance.
Early Account Termination Fee
I wasn’t able to find any mention of an early account termination fee in the fee schedule
Our Verdict
There is also a $100 personal checking bonus, but that has been as high as $250 in the past. I suspect this $250 business checking bonus will eventually go down to $100 so if you’re interested I’d sign up before the deadline. We will add this to our list of the best checking bonuses as the requirements are easy just remember you need $1,000 in the account to keep it fee free.
Hat tip to reader ShawntheShawn
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- 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 Calculate And Share Your ChexSystems Datapoints
- 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
