Posted by William Charles on June 30, 2019
Bank Account Bonuses no image

Published on June 30th, 2019 | by William Charles

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[FL, MA, NJ, NY, VT] Trustco Bank $200 Business Checking Bonus – No Requirements

Offer at a glance

  • Maximum bonus amount: $200
  • Availability: FL, MA, NJ, NY, VT, must open in branch [Branch locator]
  • Direct deposit required: None
  • Additional requirements: None
  • Hard/soft pull: Soft
  • ChexSystems: Unknown
  • Credit card funding: Unknown
  • Monthly fees: $10, waivable
  • Early account termination fee: $26 if closed within three months + you forfeit bonus
  • Household limit: None listed
  • Expiration date: July 31st, 2019 September 14th, 2019

The Offer

Direct link to offer

  • Trustco Bank is offering a bonus of $200 when you open a new business checking account. No requirements for the bonus.

The Fine Print

  • Promotional offer valid from 6/3/19 until 7/31/19.
  • To receive the $200, you must open a new Home Town Business Checking Account.
  • Minimum of $50 to open a Home Town Business Checking Account.
  • Bonuses will be paid within 30 of account opening.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has a $5 monthly fee, waived with a minimum balance of $500+ or if reoccurring direct deposit of your merchant services

Early Account Termination Fee

If the account is closed within three months you have to pay a $26 fee, you also forfeit the bonus (this is the EATF for the personal account, not sure if it’s the same for the business account)

Our Verdict

There is also a personal $100 checking/$50 savings bonus. This business checking bonus is much better as there are no requirements. It’s not clear what type of business documents are required. We will be adding this to our list of the best checking account bonuses.

Hat tip to IS250

Useful posts regarding bank bonuses:



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Eric Dame
Eric Dame

$2,500.00 minimum balance required to avoid monthly charge of $10.00. (In the fine print)

Still a money maker.

IS250
IS250

Could not open an account as a sole proprietor with my SSN/EIN. Needed business documents and so forth. YMMV.

Austin
Austin

Went into branch in florida they wanted me to sign up for sunbiz? Not even sure if it’s worth it at this point as I don’t understand what sunbiz is or implies

https://dos.myflorida.com/sunbiz/

IS250
IS250

William Charles Extended until 9/14

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