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Renee
Renee

Business Community Checking Bonus Information. This Business Community Checking account bonus offer is valid for new accounts opened January 1, 2022 through June 30, 2023.

Sapphire
Sapphire

Spoke to “a banker” (Customer Support said they had to transfer me) @ 847-939-9000:

What is the APY on the Entrepreneur Checking account?
This account pays no interest.

Can this account be opened online?
No. For the entire state of FL, you need to go into either the Naples or Bonita Springs branch.

Do you require photo ID to open the account?
Yes. Either a driver’s license or passport. Also your EIN document.

Is there an early account termination fee?
No.

wilsonhammer
wilsonhammer

extended through march 31, 2023

This Business Community Checking account bonus offer is valid for new accounts opened January 1, 2022 through March 31, 2023. This Business Community Checking account bonus offer is not available to existing or closed checking account customers of Wintrust Financial Corporation (‘WTFC’) and its subsidiaries or its active employees. Limit 1 bonus payment per customer, regardless of the number of accounts opened. If you qualify for this Business Community Checking account bonus offer, you are ineligible to receive this Business Community Checking account bonus offer from any other WTFC location. If you qualify for any other WTFC savings offer it may be combined with this Business Community Checking account bonus offer. Your new account must be open, in the same product, and have a balance greater than zero to receive the bonus payment. Balance is determined as of the end of each Business Day as the funds currently in your account including deposits and withdrawals made in the Business Day. If your business is a sole proprietorship or a single member LLC, the $500.00 bonus payment is subject to IRS 1099-INT reporting and may be considered income for tax purposes for the tax year in which the bonus was paid.

bicyclepp
bicyclepp

What is the difference between the 2 existing Wintrust Business bonuses (below)? “Business Community Checking” and “Entrepreneur Checking”… Any luck with any of them in FL opening them as sole prop w o branch visit ever? I do have a personal in good standing with online banking working login on which I collected the bonus less than a year ago, the 2 url are: https://www.wintrust.com/lp/2021/business-community-checking.html?fbclid=IwAR1JRmMDuWOk6XG6rm401g1qYHgMR0KoGik9A-SlhmrkwreyYs7aJ3NdZ54 and https://www.wintrust.com/lp/2021/entrepreneur-checking.html?fbclid=IwAR3dTwvuYD6kcGm7P_yRK7xw7eia-NeVcJaCPexy_GhNTxk_MdI0QZi9Swc Thanks…

wilsonhammer
wilsonhammer

one is $300 for holding $1500 and 5 txn. the other is $500 for holding $5000 and 10 txn.

Dan
Dan

Got a personal checking with Town Bank before. Must be disqualified now.

E
E

Anyone know how to make a transfer out of this account? I can’t seem to find how to do that for some reason… I would think, with a business checking account, that would be easier than what it seems to be? I can’t even make a check deposit or anything…???

Miya
Miya

It’s been a couple years since I’ve had this account but IIRC, you can’t transfer out. I remember being incredulous when the CSR told me. You’ll have to push or pull from an external account or write a check.

Original Jack
Original Jack

I have set up external accounts for transfers via the website for my personal account. That’s crazy it can’t be done for business.

Michael
Michael

Would having received the $300 Lake Forest checking bonus previously disqualify someone from getting this bonus, per the terms?

adam d
adam d

did you find out?

esaphire3
esaphire3

Can this be opened online? I live right around several branches but not in chicago now and only going back in a month or so

Jack
Jack

in branch only as far as I’ve seen.

Stevenson
Stevenson

is Business Community Checking the same as Entrepreneur Checking account?

seems to be valid at ANY wintrust bank location, correct?

if i deposit a $5000 check on Tuesday 5/31, will that qualify as maintaining a $5k balance for month #1 or does it have to be a cash deposit (as checks take time to clear)?

Celia
Celia

The terms state: (iii) maintain a minimum balance of at least $5,000.00 on each day of the last business day of the 2 consecutive calendar months after the calendar month your new account was opened…

Reading that to me seems that if your account is opened in May, you have to have 5K of new money in the account on June 30 and July 31 to qualify (though it does suggest it needs to be a maintained balance). That’s my interpretation. Plus the other activities needed of course.

Stevenson
Stevenson

Celia i agree, but question is will a check deposited count towards minimum balance for month of May or will it not as money cant be withdrawn until it clears.

Celia
Celia

It doesn’t say that there is a minimum for the first calendar month: “…2 consecutive calendar months AFTER the calendar month your new account was opened”

So opening in May (first calendar month) and then have 2 consecutive calendar months (June and July) that have to have the 5K…

Again, that’s how I am reading that term.

TJ
TJ

If I apply today (Sunday) or tomorrow (Memorial Day), will my account be considered opened in May? Otherwise I will have to tie up $5000 for 3 months vs 2.

Celia
Celia

Have to open in branch I believe. Tuesday is 5/31.