Offer at a glance
- Maximum bonus amount:Â $300
- Availability:Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee and Texas. In branch only [Branch locator]
- Direct deposit required:Â None
- Additional requirements:Â See below
- Hard/soft pull:Â Soft
- ChexSystems: Unknown
- Credit card funding:Â Up to $1,000 (and another $1,000 when you open a free savings account). Probably won’t work in branch
- Monthly fees:Â $5-$10, avoidable
- Early account termination fee:Â $25, 180 days
- Household limit:Â None
- Expiration date:Â December 31st, 2018
Contents
The Offer
- Regions Bank is offering a bonus of $300 when you open a new business checking account and complete the following requirements:
- Show voucher in branch (you can get a voucher on the landing page) and open business checking account with a business visa checkcard by December 31st, 2018
- Make at least 10 transactions with your new Business Visa CheckCard within 30 days of account opening
- Keep a balance of $5,000 or more fort he first 60 days
The Fine Print
- Bonus offer is nontransferable, may not be combined with any other offer, does not apply if the business has or had a Regions Business Checking account opened after Sunday, October 15, 2017, and is limited to one $300 credit to the business identified in the corresponding email.
- Minimum opening deposit of $100 is required.
- Our goal is to be your new bank. We think that once you bank with us, you will experience our award-winning customer service and become a long term customer.
- We reserve the right to terminate this offer without notice at any time in the event of any suspected or actual abuse or fraud.
- Offer only valid in Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee and Texas.
- Present a personalized voucher with applicant’s name and registered email address in order to open in branch.
- This offer is non-transferable, may not be combined with any other offer, does not apply if you have or had an ownership interest in a Regions checking account on or after Sunday, October 15, 2017, only applies to business checking accounts, and may be withdrawn at any time without notice.
- To earn this bonus, the business identified in the offer has or had must meet all requirements of the offer described above within 60 days of opening your new account.
- If earned, the bonus will be issued within 120 days of meeting these requirements and will be in the form of a credit to the new checking account which must be open at the time the credit is issued.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
LifeGreen Business Simple Checking – $5 Monthly Fee
The monthly fee on this account is waived with
- At least $500 in Regions Business CheckCard and/or Business Credit Card purchases
LifeGreen Business Checking – $10 Monthly Fee
The monthly fee is waived if you do any of the following:
- $2,500 average monthly statement balance
- At least $1,000 in Regions Business CheckCard and/or Business Credit Card Purchases
- At least one Regions Merchant Serivces transaction credited to this account
Early Account Termination Fee
There is an early account closure fee of $25 if you close your account within 180 days of account opening.
Referral Bonus $150
There is also a referral bonus you can receive in addition to this $300 bonus (bringing the total to $450). This has worked in the past on the personal account, but it is no guarantee to work this time around. You can share your referrals here.
Our Verdict
As far as I know we’ve only seen the $150 referral bonus before. I’m not entirely convinced you’ll be able to stack the business bonus with the referral as it requires opening in branch, but I guess it might be possible? Either way the $300 bonus is worth doing if you live not too far from a branch, have a business and $5,000 to spare. Because of that I will be adding it to our list of the best business checking bonuses.
Hat tip to GunneRy0205
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
