Offer at a glance
- Maximum bonus amount: $250
- Availability: Lives, works, worships, or attends school in the State of Washington.
Lives or works in the Oregon counties of Linn, Benton, Lane, Marion and Polk. - Direct deposit required: No
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None
- Expiration date: None
Contents
The Offer
- Red Canoe Credit Union is offering a $250 bonus when you open a new business checking account and complete the following requirements
- Open a new business account ($5 minimum balance requirement) at Red Canoe Credit Union, open a business checking account at time of membership establishment, be age 18 or older, perform one qualifying checking account transaction¹ within 45 days of account opening and enroll in eStatement delivery.
The Fine Print
- Membership eligibility and account qualifications apply. Limit one New Business Account $250 Bonus (offer) per tax identification number. The offer is not valid on consumer accounts, or anyone with an existing business account at Red Canoe Credit Union. The promotional period is for a limited time and may be modified or discontinued. However, members who meet all qualifications during the promotional period will receive the bonus.
- Qualifications include Open a new business account ($5 minimum balance requirement) at Red Canoe Credit Union, open a business checking account at time of membership establishment, be age 18 or older, perform one qualifying checking account transaction¹ within 45 days of account opening and enroll in eStatement delivery. ACH and RDC services are subject to approval and have a monthly service fees. Free check offer valid on orders up to $200. Business ACH monthly fees waived for three months. Per-item fee of $0.12 still applies.
- Qualifying transactions include ACH debits or credits, check clearings, bill payments, debit/credit card transactions and online debit/credit card purchases. ATM transactions, cash deposit/withdrawals, and transfers between the member’s own accounts do not qualify. Payout will occur after 45 days from account opening if all qualifications have been met. Bonus funds will not be deposited into closed accounts or accounts not in good standing. Red Canoe reserves the right to terminate this promotion at any time; however, members who qualify before termination will receive the bonus. Offer cannot be combined with other promotions or incentives.
- 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
I wasn’t able to find a fee schedule.
Our Verdict
There is a $150 personal checking bonus as well.
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- A Beginners Guide To Bank Account Bonuses
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- PSA: Don’t Call The Bank
- Introduction To ChexSystems
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- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
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View Comments (6)
Post needs to be updated. There is a monthly “minimum balance fee” if balance is not kept above $1500
Looked into and not worth it. Business has to be registered to the state, even if its a sole proprietorship.
Well it could be worth it if you have a business already registered in the state...
Seems like too much of a hassle tbh. You’re better off doing a business checking bonus elsewhere
Rep said there would be a hard pull
Doesn't seem you can open it online? Clicking "Get Started" just brings you to the contact form to enter your information and phone number.