Offer at a glance
- Maximum bonus amount:Â $750
- Availability:Â MI
- Direct deposit required:Â No
- Additional requirements:Â See below
- Hard/soft pull: Mixed datapoints
- ChexSystems: Unknown, sensitive
- Credit card funding: No credit card funding, can fund with a debit card up to $20,000
- Monthly fees:Â None
- Early account termination fee:Â $15, 180 days
- Household limit:Â None
- Expiration date:Â None
Contents
The Offer
- Community Financial Credit Union is offering a $750 business bonus when you open a new business checking account and complete the following requirements:
- Open a new business checking account
- Open the account with funds from outside Community Financial Credit Union
- Use your business debit card 5 times per month for 3 months
- Maintain a $15,000 minimum balance for 3 months
The Fine Print
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Free business checking has no monthly fee to worry about.
Early Account Termination Fee
According to the fee schedule there is a $15 fee if closed within 180 days.
Our Verdict
There is also a personal checking bonus for $750. That bonus is better as it only requires a $5,000 bonus but both still worth doing if you can.
Hat tip to Tikky
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
