Offer at a glance
- Maximum bonus amount: Up to $1,000
- Availability: MO, KS, In Branch only. Can also call
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: Up to $2,000 per account (can open checking & then savings)
- Monthly fees: None
- Early account termination fee: $25, 90 days
- Household limit: None listed
- Expiration date: March 31, 2026
Contents
The Offer
- Hawthorn Bank is offering a business checking bonus of up to $1,000. Bonus requirements are as follows:
- Use promo code BIZCASH
- make 2 or more ACH transactions totaling $7,500 within 90 days to earn $1,000, or make 2 or more ACH transactions totaling $2,500 within 90 days to earn $500
- Maintain the required average ledger balance during the last full month of the 120-day qualification period ($50,000 for $1,000 bonus or $10,000 for $500 bonus)
The Fine Print
- To qualify, open a new qualifying business checking account, which is subject to approval, maintain required average ledger balance ($50,000 or $10,000), during last full month of your 90-day qualification period, and meet these requirements: make 2 or more ACH transactions totaling $7,500 within 90 days to earn $1,000, or make 2 or more ACH transactions totaling $2,500 within 90 days to earn $500.
- Qualifying ACH activity includes debits and credits totaling the amounts listed above. Accounts with a zero balance will not qualify and will be closed.
- After the 90-day qualification period, qualifying businesses will receive a direct deposit within two to eight weeks.
- Additional fees may apply.
- Please refer to our Business Fee Schedule(Opens in a new Window). Offer is valid for new business checking customers ONLY. P
- ayment of a bonus may result in the issuance of a 1099.
- Offer expires March 31, 2026.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Small business checking has no monthly fees to worry about.
Early Account Termination Fee
$25 fee is charged if the account is closed within 30 days of opening according to the fee schedule.
Our Verdict
Nice that the balance requirement is only for the last month. That makes both bonuses worth doing (if you put the $50,000 into a 5% APY account for that month you’d earn ~$208 compared to an extra $500 with this bonus). We will add this to our list of the best business checking bonuses.
Hat tip to reader Chris
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
