[PA, In Branch] FNCB Bank $1,100 Business Checking Bonus

Offer at a glance

• Maximum bonus amount: $1,100
• Availability: In branch, PA only [Branch locations]
• Direct deposit required: No
• Additional requirements: See below
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees:
• Early account termination fee:
• Household limit:
• Expiration date: None listed

The Offer

Direct link to offer

• FNCB Bank is offering a business checking bonus of up to $1,100. Bonus is broken down as follows:
  • $100 when you bring a recent statement from your current bank and open a new FNCB Bank Simply Small Business or Business Checking Account
  • Get Up To $1,000 (daily balance requirement must be maintained for 120 days and must make five or more deposits, five or more debits by check)
    • Earn $1,000 if your average daily balance is greater than $25,000.
    • Earn $500 if your average daily balance is greater than $10,000.
    • Earn $250 if your average daily balance is greater than $5,000.

The Fine Print

• To qualify for the $100 bonus, bring a copy of most recent business checking account statement from another financial institution showing an average monthly balance of $1,000 or more and open a new FNCB Bank Simply Small Business or Business Checking account at any FNCB Bank Community Office. Must not be an existing business checking account owner with FNCB Bank. Bonus will be deposited at account opening.
• To qualify for the $1,000, $500 or $250 bonuses, customer must maintain the above stated average balance for 120 days from account open date, make five or more deposits, five or more debits by check or ACH and not be an existing business checking account owner with FNCB Bank. Only one qualifying account per tax ID number will earn the bonuses. Combined account balances do not qualify. Transfers from another FNCB Bank deposit account do not qualify. Account must maintain an open account status for at least 120 days before it is eligible for the bonus payments. Bonus will be deposited into your new business checking account within 60 days of meeting all of the above requirements and be labeled “Descriptive Deposit Business Checking.” Your business checking account must remain in an open status to receive the bonus. Bonus will be reported on IRS form 1099-MISC. Offer valid as of March 21, 2023, cannot be combined with any other offer and is subject to change 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

Simply Small Business Checking has no monthly fees to worry about.

Early Account Termination Fee

I wasn’t able to find a fee schedule so I’m unsure if there is any early account termination fee or not.

Our Verdict

If you put the $25,000 into a 5% account you’d earn ~$410 over the same period, so this bonus is significantly more. The $500/$250 bonus have even better returns. Might be worth doing if you have a business and live near a branch.

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