Posted by William Charles on April 19, 2017
Bank Account Bonuses

Published on April 19th, 2017 | by William Charles


[NY & NJ only] Flushing Bank $200 Business Checking Bonus – No Direct Deposit Required

Offer at a glance

  • Maximum bonus amount: $200 + Samsung Galaxy Tab A 16GB wifi tablet
  • Availability: NY & NJ
  • Direct deposit required: No
  • Additional requirements: 5 debit card transactions (must be above $25 each), 5 online bill payments (also must be over $25)
  • Hard/soft pull: Soft
  • Credit card funding: Unknown
  • Monthly fees: None
  • Early account termination fee: Account must remain open and in good standing for six months
  • Expiration date: None specified

The Offer

Direct link to offer

  • Receive a sign up bonus when you open a Flushing Bank business checking account, broken down as follows:
    • $200 for opening a Flushing Bank complete business checking account, broken down as follows:
      • $100 for completing 5 debit card transactions of $25+ each
      • $100 for completing 5 bill payments of $25+ each
    • You can also get a free gift by depositing and maintaining a balance of $15,000+. They don’t specify what the free gift is.

flushing bank $200 bonus


The Fine Print

  • New business checking account with new money only.
  • Existing business checking account customers are not eligible.
  • A new business checking account is defined as any new business checking account that does not have any authorized signatures in common with any other existing Flushing Bank business checking account(s).
  • An existing checking customer is defined as anyone who currently has or has had a Flushing Bank checking account within the last 24 months.
  • New money is defined as money not currently on deposit with Flushing Bank.
  • You must deposit a minimum of $100 to open a business checking account.
  • No minimum balance required to be eligible for the Bonus.
  • You will receive $100 for the completion of 5 debit card purchases.
  • And $100 for the completion of 5 online banking bill-payments via Flushing Bank’s Online Banking portal.
  • Each debit card purchase and each online bill-payment must be $25 or more and must be completed prior to 60 days after the account is opened.
  • The compensation will be credited to the checking account on or about the end of the month following the completion of the qualifying transactions.
  • A 1099 will be issued in the amount credited to your account.
  • Other fees and restrictions may apply.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

There are no monthly fees on the complete business checking account, but you do need to fund it with a minimum of $100 initially. Account needs to be kept open and in good standing for six months to avoid any early account termination fees.

Our Verdict

The $200 bonus seems very easy to get with no direct deposit requirement. This is one of the better business checking bonuses. They also have a $200 or $300 personal checking bonus available.

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Any one know how to fulfill this requirement?

Valid business documentation must be provided at the time of account opening


Yes, they require the articles/bylaws and they check if it’s “active” on the IRS website.


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I live in MA, can I open this while on a visit to NYC?


Hmm doesn’t seem to be a way to open online


I called the bank and CSR told me that Biz accounts have to be opened in-branch.


1) The terms have changed. Notably it mentions a 1099 that is non-applicable for getting the $200, unless also going for the Gift described below: “A 1099 may be issued if cumulative promotional credits and gifts equal to or exceed $600 (including any applicable sales tax, shipping and handling costs) in a calendar year.”

2) There is now a variably valued Visa gift card given for maintaining a certain tier of 90 day average balance:
“A minimum opening deposit of $15,000 is required in the Complete Business Checking account to qualify for the Value Program gift card. The gift card tier is based on the 90‐day average balance of the new Complete Business Checking account. The minimum 90‐day average is $15,000 to qualify for the minimum gift card tier. The 90‐day average balance tiers and gift card values are as follows: Tier 1: $15,000 ‐ $25,000 a $200 single load 12‐month Visa® Gift Card, Tier 2: $25,001‐$75,000 a $350 single load 12‐month Visa® Gift Card, Tier 3: $75,001‐$150,000 a $600 single load 12‐month Visa® Gift Card, Tier 4: $150,000+ a $1,000 single load 12‐ month Visa® Gift Card.

3) I’m going for the $200 Complete Checking because it’s easier for me to meet the qualifications and this will be my first Flushing Bank account – wouldn’t be eligible based on their 24 month rule.


William Charles This should be reposted since the offer terms have changed (gift is now specified). You get a $200 bonus + an additional VISA GC gift bonus for keeping a certain balance for 90 days (ranging from $200 to $1000).


Opened up a personal account in branch and inquired about a business account to see if I could get this bonus as well. They require business documents even as a sole prop so no go for me.

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