Update 1/7/24: Deal is back. Bonus now up to $900. Hat tip to reader NBG
Update 12/2/23: Deal is back and valid until 12/30/21. Hat tip to 14lopeza
Update 1/2/23: Extended until 3/31/23.
Update 10/12/22: Deal is back and valid until December 31, 2022.
Offer at a glance
- Maximum bonus amount:Â $600
- Availability:Â Must be a resident of Pennsylvania or Ohio. Need to live close to a branch (possibly within 25 miles)
- Direct deposit required:Â None
- Additional requirements:Â None
- Hard/soft pull:Â Soft
- ChexSystems:Â Unknown
- Credit card funding:Â Â Up to $100
- Monthly fees:Â None
- Early account termination fee:Â Unknown
- Household limit:Â None listed
- Expiration date:
ÂJune 30, 2022December 31, 2022
Contents
The Offer
- S&T Bank is offering a $900 bonus when you open a new business checking account and complete the following:
- $300 bonus when deposit $1,000 within the first five days of account opening
- Apply for, receive, and activate your debit card
- $600 bonus when you deposit $25,000Â within the first five days of account opening
- Apply for, receive, and activate your debit card
- $300 bonus Establish a new payment processing account through Elavon
- $300 bonus when deposit $1,000 within the first five days of account opening
The Fine Print
- 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
Previously accounts need to be kept open for six months.
Our Verdict
Unfortunately this requires payment processing, personally I don’t think these bonuses are worth doing.
Hat tip to alopez14
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
Seems like it will be better to open account towards end of March, near the promotion’s end date.
You don’t need to keep $25k daily or monthly average balance.
Just have to make sure $25k have to be there on 4/30/24.
Now that I have reread the terms few times, this line “must have a daily balance of $25,000 or more on April 30, 2024” is confusing. not clear if they mean daily balance or balance on 4/30/24 should be $25k or more.
I agree that the language is unclear but I think you were right- I would take it to mean the balance on 4/30/24 must be $25K or more. Since it has to be funded within 5 days its probably easiest to just leave the $25k in there for a month (assuming you open the account at the end of March)
William Charles Chuck Deal is back with a bigger upto $900 bonus.
https://www.stbank.com/specials/q1-2024-always-on-business/
Link needs to be updated in article Chuck William Charles
This deal also requires going into a branch.
deal back until Dec 30th William Charles Chuck
Link: https://www.stbank.com/specials/q4-23-always-on-checking-business/
would anyone have any info on getting the 300 Elavon bonus ?
2Once qualifications have been met for the new Basic Business Checking account, business is able to qualify for an additional $300 incentive when a new S&T payment processing account is opened through Elavon between January 1, 2023, and March 31, 2023. Account must have accepted customer payments, settled and funded by Elavon and remain open through May 6, 2023, to receive the additional incentive on May 16, 2023, which will be credited to the S&T Basic Business checking account. Limit one $300 incentive per merchant, regardless of the number of business locations. Business is subject to underwriting and approval by Elavon. Offer only available to merchants inside the United States. Elavon is a registered trademark in the United States and/or other countries.
Deal extended until March 31st William Charles Chuck
Link: https://www.stbank.com/specials/q1-23-always-on-checking-business/
“Account must remain open with no overdrafts until February 6,2023, to receive incentive. New account will not be eligible for offer if any signer has signing authority on an existing S&T Bank business checking account or has closed an account within the past 90 days or has been paid a promotional premium in the past 12 months.”
Does anyone have experience receiving a business checking and personal checking bonus? I have received a personal, and am curious if I will be excluded from this offer.
Yes I have experience. The business and personal accounts are different and can be done at the same time. Essentially the time limitations are separate for each type of account.
It looks like the deal is $300 for each part.
–$300 for opening, depositing at least $1000 and keeping at least $1000 for a specific time. Activate debit card
–$300 for the payment processing part.
It seems like it might be worth it to do part A of the deal for just the $300. Depositing $1000 for $300 is pretty easy with the additional of activating the debit card.
looks like it’s not for 300 for each part. have to do all for 600
Deal extended until Dec 31 William Charles Chuck
Link: https://www.stbank.com/specials/q4-22-always-on-business/