Offer at a glance
- Maximum bonus amount: $300-$750
- Availability: NJ, NY & PA. No way to open online so either in branch only or in branch and online?
- Direct deposit required: None
- Additional requirements: Up to $15,000 for two full statement cycles
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: Up to $2,500. Visa or Mastercard only. Likely cash advance in branch/not possible to fund with a credit card
- Monthly fees: None
- Early account termination fee: $15, six months
- Household limit: None listed
- Expiration date: June 30, 2026
Contents
The Offer
- Provident Bank is offering a business checking bonus of up to $750. Bonus you receive depends on the amount of funds you maintain for two full statement cycles:
- $750 bonus: $15,000
- $500 bonus: $10,000
- $300 bonus: $5,000
The Fine Print
- 2Offer available through June 30, 2026.
- To receive $750 cash bonus: open a new Small Business Checking account and maintain an average balance of $15,000 or more for two full statement cycles.
- To receive $500 cash bonus: open a new Small Business Checking account and maintain an average balance of $10,000 or more for two full statement cycles.
- To receive $300 cash bonus: open a new Small Business Checking account and maintain an average balance of $5,000 or more for two full statement cycles.
- To qualify for the cash bonus: (1.) the business entity (per tax identification number) cannot have held any Provident Bank business checking account in the 12 months prior to the new Small Business Checking account opening date; (2.) account must be opened with new money (funds not already on deposit at Provident Bank). T
- he one-time $750, $500, or $300 cash bonus will be credited into your account within 120 days following account opening and after the qualification requirements are met.
- This bonus offer is limited to one cash bonus per Small Business Checking account and per tax identification number.
- Any other promotional offers that appear on third-party websites that are not authorized by Provident Bank will not be honored.
- The value of the cash bonus for qualifying account holders may constitute taxable income to you.
- To facilitate tax reporting, Provident Bank will issue the required IRS Form 1099-INT to you that reflects the value of the bonus as of December 31, 2026.
- This cash bonus offer may be withdrawn at any time and without notice.
- 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 to worry about.
Early Account Termination Fee
According to this comment there is an early account termination fee of $15 if closed within 6 months.
Our Verdict
Hold period is short, as far as I can see these accounts do not earn interest or earn minimal interest. If you put $15,000 into a 5% account for two months you’d earn $125, probably need to budget for closer to three months to make sure but this is still a great return on funds and we will add to our list of the best business checking bonus.
Hat tip to reader snailrock
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
