Offer at a glance
- Maximum bonus amount: $500
- Availability: In branch only. All branches are in DC, MD and VA
- 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: Unknown
- Household limit: None listed
- Expiration date: 2/21/26
Contents
The Offer
- EagleBank is offering a $500 bonus when you open a new business checking account and complete the following requirements:
- Maintain a minimum average monthly ledger balance of $10,000 or more during each of the first 3 full monthly statement cycles following account opening
- Conduct at least 10 qualifying transactions during the first 3 full statement cycles
The Fine Print
- After you have completed the requirements above, EagleBank will deposit the $500 cash bonus into your new business checking account within 180 days from account opening. To receive the cash bonus, your account must not be closed or restricted at the time of payout. If your account is closed for any reason prior to such time, including being closed by us, you will not be eligible for the cash bonus. If we determine, in our sole discretion, that you have violated the “Understanding Your EagleBank Business Deposit Accounts” agreement or have engaged in abuse, misuse, or gaming in connection with your account, we may determine that you are not eligible for the cash bonus. In such circumstances, we may rescind or decline to award you the cash bonus.
- The cash bonus may be taxable income to you and EagleBank may issue you an IRS Form 1099 or other appropriate forms reporting the value of the bonus. You are responsible for any federal and state taxes resulting from the cash bonus. Please consult your tax advisor if you have questions about the tax treatment of the cash bonus.
- Offer expires on February 21, 2026, and EagleBank reserves the right to modify or revoke this cash bonus offer at any time without notice.
Avoiding Fees
Monthly Fees
This account has no monthly fees
Early Account Termination Fee
I wasn’t able to find a fee schedule so unsure if there is any EATF or not.
Our Verdict
If you put the $10,000 into an account earning 5% APY you’d earn $125 so this is significantly better although it does require in branch opening and we don’t know what documents are required or how long that takes. Please share your experiences 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
- Bank Bonus Posting Times
