[DE & PA only] BMT (Bryn Mawr Trust) $250 Business Checking Bonus

Offer at a glance

• Maximum bonus amount: $250 ($300 with a credit card application)
• Availability: All branches are located in DE & PA, you have to schedule a call to get this bonus
• 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: None listed

The Offer

Direct link to offer

• BMT (Bryn Mawr Trust) is offering a business checking bonus of up to $300. Bonus is broken down as follows:
  • $100 for making at least 8 debit card purchases of over $30 each within 90 days of account opening
  • $50 for signing up for online banking
  • $50 for signing up for online banking bill pay and make at least 6 bill pay transactions within 90 days of account opening
  • $50 for opening a small business savings account with a minimum opening deposit of $100 within 90 days of account opening
  • $50 for applying for a Bryn Mawr Trust VISA® Credit Card

The Fine Print

• Offer applies to new customers for BMT Small Business Benefits Checking Account opportunity. R
• equires initial opening deposit of $300 or more.
• Customers must make a minimum of eight (8) debit card purchases over $30.00 each within 90 days of account opening to qualify for a $100 activity bonus deposit into the account.
• Customers must sign up for online banking within 90 days of account opening to qualify for a $50 activity bonus deposit into the account.
• Customers must enroll in Online Banking Bill Pay and complete at least six (6) Bill Payment transaction within 90 days of account opening to qualify for a $50 activity bonus deposit into the account.
• Customers must open a Small Business Savings Account with a minimum opening deposit of $100 within 90 days of account opening to qualify for a $50 activity bonus. Customers must apply for a Bryn Mawr Trust VISA® Credit Card to qualify for a $50 activity bonus. A qualifying credit card application is defined as being submitted to Elan Financial Services via BMT website at bmtc.com/business-banking/credit-cards/ or completing an application in branch which is submitted to Elan for an underwriting decision.
• Limit one maximum $300 activity bonus deposit per business client including individuals who own multiple entities.
• The qualified activity bonus deposit(s) will be processed and received after 90 days and before 120 days of account opening date.
• Prior promotional participants are not eligible.
• Current Small Business Benefits clients or employees of BMT and their family household members, its parent, subsidiaries, and affiliated companies are not eligible. The value of the total deposited activity bonus will be reported to the IRS on form 1099-INT.
• The recipient is responsible for all federal, state, and local taxes on this activity bonus.
• Offer can be withdrawn at any time. [1] Subject to credit approval. Standard rates apply.
• No annual fee on up to five VISA® credit cards. [2] Standard fees and current interest rates apply after six months.

Avoiding Fees

Monthly Fees

Small Business Benefits comes with a free checking account and there are no other fees I can see.

Early Account Termination Fee

I can’t find the fee schedule so I’m unsure if an early account termination fee is charged or not.

Our Verdict

Previously they have offered a bonus of $150. This is a bigger bonus but it does have more requirements. Looks like it will be somewhat difficult to open as a call is required, not sure if you can complete the application over the phone or not. Most readers don’t really like to bother with these types of bonuses, so because of that I won’t be adding it to the best business checking bonuses until we at least know more.

Useful posts regarding bank bonuses:

• A Beginners Guide To Bank Account Bonuses
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• 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?
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