[Expired] [IL & FL, In Branch only] First American Bank $240 Business Checking Bonus

Deal has expired, view more checking bonuses by clicking here.

Offer at a glance

• Maximum bonus amount:
• Availability: Must open in branch, all branches are in IL & FL [Branch locator]
• Direct deposit required: No
• Additional requirements: See below
• Hard/soft pull: Unknown
• ChexSystems: Unknown 
• Credit card funding:Up to $1,500
• Monthly fees: Unknown
• Early account termination fee: Unknown
• Household limit: One per business tax ID
• Expiration date: April 30th, 2019

The Offer

Direct link to offer

• First American Bank is offering a bonus of $240 when you open a new Commercial of eSpriti checking account when you complete the following requirements. You’ll receive $80 each statement cycle the requirements are met in the 2nd, 3rd, 4th statement cycles:
  • Have an average daily balance of $1,000+
  • Have at least 5 deposit/withdrawal transactions each statement cycle

The Fine Print

• Offer valid February 4 – April 30, 2019.
• Cash Bonus: Available to new eSpirit or Commercial Checking accounts that meet the qualifications to receive cash rewards up to $240.
• To qualify, account must maintain an average daily balance of $1,000 and have at least 5 deposit/withdrawal transactions each statement cycle (transactions must post and appear on your account statement).
• If qualified, $80 will be credited to the account on the statement date for the 2nd, 3rd and 4th statement cycles.
• Bonus will be reported to the IRS as interest income. Standard fees apply, refer to the Schedule of Fees for Business Accounts.

Avoiding Fees

I wasn’t able to find details of the business checking fees

Our Verdict

Requirements for the bonus itself don’t seem too bad, but we do need to know if these accounts have any monthly fees to worry about or not. If anybody goes for this bonus then please share your experiences in the comments below.

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