Offer at a glance
- Maximum bonus amount: $500
- Availability: IA & SD only
- Direct deposit required: No
- Additional requirements: Deposit and maintain $5,000 through day 60
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None listed
- Expiration date: 12/31/26
The Offer
- Security National Bank is offering a $500 bonus when you open a new business checking account and complete the following requirements:
- Deposit $5,000 within 30 days of account opening
- Maintain a balance of at least $5,000 until the 60th day of account opening
The Fine Print
- Offer expires on 12/31/26.
- One Business Checking bonus per business entity.
- The bonus requires a minimum $5,000 of deposits within 30 days of account opening; and thereafter a maintained balance of at least $5,000 until the 60th day after account opening.
- New money only; meaning the funding must come from outside Security National Bank or an affiliate.
- he bonus will be deposited within 30 days of meeting requirements, if the account remains open with a positive balance.
- Not valid with other Business Checking bonus offers.
- Not valid if you or any signer on the account has owned a Business Checking Account within the last 24 months at Security National Bank.
- This offer may be withdrawn at any time. Security National Bank is a Member FDIC institution.
- 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 no monthly fees
Early Account Termination Fee
I wasn’t able to find a fee schedule so unsure if there is any EATF.
Our Verdict
Requirements seem easy, just depends on how strict they are in opening accounts and how long it takes. Share your experiences in the comments below.
Hat tip to reader snailrock
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
