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Offer at a glance
- Maximum bonus amount: $600
- Availability: IN, IL, WI
- Additional requirements: None
- Hard/soft pull: Soft pull
- ChexSystems: Unknown (sensitive)
- Credit card funding: None
- Monthly fees: None
- Early account termination fee: Six months, $25
- Household limit: None listed
- Expiration date: 3/31/26
Contents
The Offer
- CIBM Bank is offering up to a $600 bonus when you open a new business checking account. Bonus you receive depends on the amount you deposit within the within the calendar month of account opening or the calendar month following account opening and must be maintained for three calendar months after account opening
- Get a $600 Bonus when you maintain a $25,000 balance.
- Get a $300 Bonus when you maintain a $10,000 balance.
The Fine Print
- Offer available on new Basic Business checking accounts opened between 7/1/25 and 3/31/26.
- Offer not available for existing CIBM Bank business checking account holders or those who have closed a CIBM Bank business checking account within the past 12 months.
- To qualify for the $600.00 bonus, the new account must reach a minimum balance of $25,000 within the calendar month of account opening or the calendar month following account opening and maintain the minimum balance of $25,000.00 in each of the three calendar months following the month of account opening.
- To qualify for the $300.00 bonus, the new account must reach a minimum balance of $10,000 within the calendar month of account opening or the calendar month following account opening and maintain the minimum balance of $10,000.00 in each of the three calendar months following the month of account opening.
- Customer is limited to one bonus per account and one account per customer.
- Maximum bonus per account $600.00.
- Bonus(es) will be paid within 150 days of account opening provided specific requirements per bonus have been met.
- Account must be open and have a balance greater than zero when the bonus is paid.
- Cash bonus considered interest/income and reportable on IRS Form 1099-INT or 1099-MISC. Minimum opening deposit of $100.00 required
- . Accounts closed within 6 months of opening date subject to a $25.00 early closing fee.
- 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 no monthly fees
Early Account Termination Fee
$25 if closed within six months
Our Verdict
$600 bonus works out to be 9.6% APY and $300 bonus works out to be 12% APY. Not bad if you need to lock up funds for three months. Really more of a savings bonus than a checking bonus. We will add this to the best bank bonus page.
Hat tip to reader Gotham
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- Introduction To ChexSystems
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- 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?
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