Offer at a glance
- Maximum bonus amount: $2,000
- Availability: In branch only. PA/MD only only, have to go in branch even if you open online. Branch locator here for PA & here for MD. Must live close to a branch as well, one report of being denied and being within 30 miles.
- Direct deposit required: No
- Additional requirements: Yes, see below
- Hard/soft pull: Soft
- ChexSystems: Doesn’t pull
- Credit card funding: None
- Monthly fees: None
- Early account termination fee: None?
- Household limit: None listed
- Expiration date: None listed
Contents
The Offer
- ACNB is offering up to a $2,000 business checking bonus when you meet the following requirements:
- Open account in branch, use promo code Earn2000
- Enroll in online banking with eDocuments within 60 days.
- Establish a Mastercard® debit card and make 10 unique transactions within 60 days.
- Earn:
- Earn $2,000 when you maintain an average monthly balance of $25,000 for three consecutive months following the first statement cycle.
- Earn $1,000 when you maintain an average monthly balance of $10,000 for three consecutive months following the first statement cycle.
The Fine Print
- Offer is limited and subject to change or cancellation without notice.
- Cannot be combined with any other offers, promotions or discounts.
- Offer does not apply to existing Traditions Bank or ACNB Bank business checking account customers or those who closed a business checking account in the last 12 months.
- Trust and estate accounts, government entities and municipalities are not eligible.
- Limit of one gift per entity for up to 3 entities with common ownership.
- Cash gift will be deposited in the new account after all requirements have been met and verified.
- Requirements: within 60 days of opening a new Free Business Checking Account (1) Establish and log into Online Banking and enroll in eDocuments; (2) Establish a Mastercard® debit card and conduct 10 unique transactions (it may take more than two days for a transaction to post and clear); (3) maintain the minimum average monthly balance requirement for the 3 consecutive months following the first statement cycle.
- Cash Gift: Accounts maintaining $25,000 or more qualify for a $2,000 cash gift; accounts maintaining between $10,000 and $24,999 qualify for a $1,000 cash gift.
- Customer may be subject to 1099 INT reporting.
- 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 an EATF in the fee schedule.
Our Verdict
Seems like an insane bonus, annualized return of 32% if you time things perfectly. Not sure how strict they are on business checking bonuses.
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
