[FL] BayFirst $500 Business Checking Bonus

Offer at a glance

• Maximum bonus amount:
• Availability: Must be a Florida resident in the following counties: Hillsborough, Pinellas, Pasco, Manatee and Sarasota
• Direct deposit required: No
• Additional requirements: See below
• Hard/soft pull:Soft pull
• ChexSystems: Unknown, sensitive
• Credit card funding:Up to $1,500
• Monthly fees: None
• Early account termination fee: Unknown
• Household limit: None listed
• Expiration date: 9/30/25

The Offer

Direct link to offer

• Open a new business checking account with BayFirst and receive a bonus of $500 when you complete the following requirements:
  • Deposits total $10,000 or more within a single monthly statement cycle within the first 3 cycles of account opening
  • At the end of each monthly statement cycle, a deposit match of $250 will be deposited for up to 2 monthly statement cycles, totaling up to $500

The Fine Print

• Commercial Checking Account: To qualify for the $500 bonus, you must open a new BayFirst business checking account and you must qualify to open a business checking account in accordance with our normal standards.
• Account must remain open to receive the $500 bonus.
• BayFirst will match $500 if deposits total $10,000 or more within a single monthly statement cycle within the first 3 cycles of account opening.
• At the end of each monthly statement cycle, a deposit match of $250 will be deposited for up to 2 monthly statement cycles, totaling up to $500.
• This offer may change or be withdrawn at any time. The $500 bonus will be reported to the IRS in accordance with applicable law. The offer expires 9/30/2025.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Free checking account qualifies 

Early Account Termination Fee

According to bankers asked in branch there is no early account termination fee.

Our Verdict

Not entirely clear if you can have the funds in the money market account that earns 4.05% APY, it seems like you can and that would make the bonus significantly better. 

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