Deal has ended
Offer at a glance
- Maximum bonus amount: $1,000
- Availability: MA, NH, and RI
- Direct deposit required: No
- Additional requirements: Open savings and fund it with at least $500
- Hard/soft pull: Soft
- ChexSystems: Yes
- Credit card funding: Up to $1,000 (this is a hard limit per application, doesn’t matter if you have two accounts in same application or not)
- Monthly fees: None
- Early account termination fee: None
- Household limit: None
- Expiration date: 9/30/25
Contents
The Offer
- HarborOne Bank is offering a $1,000 bonus when you open a new Business checking account with an average daily balance of $15,000. Must maintain at least a $15,000 average daily balance in your new Business Checking account, starting 30 days after account opening through 12/31/25
The Fine Print
- $1,000 Bonus offer is available 5/19/24 – 9/30/25:
- $1,000 Criteria for New Business Customers: New business customer to the Bank; Considered new if the customer has not had a business checking account in the previous 12 months; If multiple accounts are opened with the same signer, only one account will be eligible for the incentive. Business checking account must maintain a $15,000 average daily balance through 12/31/25. Complimentary Cash Management services through 12/31/25.
- To receive the additional $1,000 Business Checking bonus:
- Business owner/signer on the new Business Checking account must register for the bonus within 30 days of account opening at harborone.com/businessbonus;
- Open and fund new Business Checking Account,
- New money to HarborOne must be used to open the account in accordance with the minimum opening balance requirement,
- Must maintain at least a $15,000 average daily balance in your new Business Checking account, starting 30 days after account opening through 12/31/25. You will have the first 30 days to bring the balance to $15,000.
- Account must remain open, active, in good standing, in the same product type and maintain the average daily balance requirement of $15,000 through 12/31/25. Once the offer criteria are met, the bonus will be credited into the new business checking account in Q1 2026.
- 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 $20 monthly fee. This is waived with a $15,000 Combined Balanced
Early Account Termination Fee
I wasn’t able to find any early account termination fee in the fee schedule.
Our Verdict
You’ll want to open as close to 9/30 as possible. Then it looks like you have 30 days to start maintaining the balance so you’re really only maintaining the balance for two months. That works out to be an APY of 40%. Seems like a great bonus that is worth doing and we will add to the best business checking bonuses.
Hat tip to reader nap
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- 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 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
