Deal has ended, view more bank account bonuses by clicking here.
Offer at a glance
- Maximum bonus amount: $200
- Availability: Have to live, work or worship in Franklin County and the surrounding communities including Canal Winchester, Dublin, Galloway, Johnstown, London, Orient, Pataskala, Pickerington, Powell, Reynoldsburg, and Westerville
- Direct deposit required: No
- Additional requirements: See below
- Hard/soft pull: Hard (Equifax)
- Credit card funding: Unknown
- Monthly fees: None listed
- Early account termination fee: Account must stay open for six months or longer, otherwise bonus forfeit
- Expiration date: June 30th, 2016
Contents
The Offer
- Open a business checking account with Telhio and receive a bonus of $300 when you open two of the following (receive $100 if you just open one):
- Business Credit Card
- Merchant Services
- Payroll
- Business loan
The Fine Print
- Telhio reserves the right to amend or suspend this offer at any time.
- This promotion cannot be used in conjunction with any other promotional offer.
- To earn cash bonus: to earn $300- open a new business checking account and two additional qualifying services. To earn $100- open a new business checking account and one additional qualifying service. Qualifying services for this promotion: Business Credit Card, Merchant Services, Payroll, Business Loan.
- If accounts are closed in the first six months cash bonus will be forfeited.
- All requirements must be completed within 60 days of opening an account.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
I can’t find out what the monthly fee on the business checking account is.
$5 Membership Fee
You must pay a $5 membership fee to open share savings account which is required to open a checking account
Early Account Termination Fee
The fine print states that you must keep the account open for a minimum of six months to avoid any early account termination fees.
Our Verdict
This bonus isn’t worth it due to the fact that a hard pull is done, shame since it’s a nice big bonus (although you’d have to actually transfer business actives over so not such a huge loss). There are currently a few business checking promotions worth doing, so check those out.
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