Posted by William Charles on October 15, 2018
Bank Account Bonuses

Published on October 15th, 2018 | by William Charles


[Expired] [TX, OK] First United Bank $300 Business Checking Bonus

This offer has expired, view the best current checking bonuses by clicking here.

Offer at a glance

  • Maximum bonus amount: $200
  • Availability: In branch only [Branch locations]
  • Direct deposit required: None
  • Additional requirements: No
  • Hard/soft pull:  Soft 
  • ChexSystems: Unknown
  • Credit card funding: Yes, up to $200. Visa, Mastercard & Discover accepted. (unlikely to be available in branch)
  • Monthly fees: None
  • Early account termination fee: $10, 60 days
  • Household limit: Limit one bonus every 2 years
  • Expiration date: November 17th, 2018

The Offer

No direct link, offer in branch. Flyer is not required

  • First United Bank is offering a bonus of $200 when you open a new business checking account and complete the following requirements:
    • Open with an initial deposit of $100+
    • Maintain an average balance of $1,500 or more for 90 days from account opening date through February 23rd, 2019
  • You also get a $100 bonus if you complete at least 10 debit card purchases within 90 days of account opening

The Fine Print

  • Account will be credited by March 31st, 2019
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

They offer a free checking account with no monthly fees

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. There is a $10 fee on the personal account, so not sure if something similar applies. Update: Looks like it does.

Our Verdict

Apparently the flyer isn’t needed in branch to open the account and get the bonus. It’s available at all branches. We’ve seen a $100 bonus on a personal checking account but not on a business account. Might be worth doing if you live near a branch and have an eligible business. If anybody decides to sign up then please share your experiences in the comments below. I’ll be adding this to our business checking bonuses.

Big thanks to reader, TW who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:

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It looks like you get an extra $100 if you use the debit card, bringing the bonus up to $300. Sounds worth a try.

I will be providing a DP sometime this week, as I live fairly close.

Just called a closer branch to me in Frisco, TX. The offer is bank-wide, not branch-specific.So I can confirm that this offer is in-branch only, but not specific for just one particular (McKinney) branch.

$100 minimum initial deposit required, FYI.

I opened it over the weekend and didn’t need the flyer I got in my po box. May as well deposit a bit of $1500 so that you can use your debit card 10x and still have enough to meet the minimum amount to receive $200 + $100. They do issue the debit card on the spot, so no waiting to get it in the mail. Very nice McKinney branch that’s about 10 years old but doesn’t look it.

I also actually like their online website for managing the account, it’s pretty nice.

Thanks for the DPs!

If no promo code is needed, does that mean the account can be opened online? Or did the branch give you some paperwork confirming the bonus? Some banks will apply the promo to anybody who opened the account during the promo period.

There’s no promo code. I think that if the account is opened during the appropriate time window, and the requirements are met; you *should* receive the bonus.

The offer mentions eligible business. Would the business be eligible if someone was a sole prop. without registering a business name (example: Yard service, musician, etc…who normally work on cash basis)?

Not branch specific you say? I was thinking of driving up to DFW but I see there’s a couple here in Austin, TX. Anyone in Austin had a chance to test this DP out ? They’re not open on weekends so I’m gonna have to give this a shot next week.

The branch in McKinney had several flyers in the lobby promoting the business account bonus. Their debit card machine was out of order so I visited the branch in Dallas to obtain a debit card. For what it’s worth, I didn’t see any of flyers advertising the business bonus at the Dallas branch.

The entire process was rather quick. I applied as a sole proprietor. No additional documentation was requested of me.

Thank you TW for the lead on this bonus.

Any chance this offer is only available for TX? I went in to a branch in OK and they told me they weren’t aware of this offer.

I went to a different branch nearby and they were able to apply this bonus. Seems like some locations don’t have this offer in their systems.

$10 Fee for closing account within 60 days of opening. Since the bonus isn’t paid out until at least 90 days, doesn’t really matter for us. No terms on bonus forfeiture in bonus terms or account docs.

Opened an account in Denton. Gonna park $1600 and use the debit card 10 times. Hopefully an easy $300.

Two branches in Austin nearby, but neither open on Saturday or after 5 PM on any day… I’d love to get this bonus, but just not possible

Called a south Denton branch today, and the person who answered seemed knowledgeable about the account process, except when I mentioned the bonus was told she thought it expired in October.

Anyone open one recently? I don’t want to make the drive if they have basically pulled this for anyone who doesn’t have a flyer.

The flyer should be available in branch – they had a stack of them on the table with other literature. The flyer indicates that the account must be opened by Nov. 17.

Going in today to open an account. I stopped by yesterday at 4:10 pm CT yesterday to open one but they had already closed. They close at 4 pm M-Th. A banker came out and told me to come back, and reminded me that I need to bring a Certificate of Filling and Certificate of Formation, which I did not have with me at the time. My wife and I opened an LLC for our rental properties.

TLDR: Opened an account yesterday. Walked in before they closed at 4 pm, around 3:50 pm (that was the earliest I could get there leaving work early). The banker let me sit down, asked for all my documents, mentioned above, and started to get the account. I wouldn’t say it’s quick and painless.

Definitely not quick. My banker took a good hour to input everything in the computer.

She was insistent that I needed to provide an Operating Agreement for my LLC, but in the state of TX it is not required. She said the bank would not open one without one, so I made her call a manager. The manager basically gave her a backhand to the face (metaphor) and said they don’t require them. When the manager walked away, the banker whispered “she’s my boss, but I don’t know think she knows the rules. Be ready to provide one if I ask you for one…”. I smiled and said sure. Whatever.

The debit card is printed on the spot and I went ahead and deposited $1,500. Now just going to make 10 debit transactions and deposit enough to cover those transactions to keep the avg $1,500 balance requirement. Will report back once requirements are met and bonus posts.

** I tried to ask if there was an early termination fee and what the minimum length of time the account needed to be open. Not the easiest question to ask in the first place, but the banker misunderstood my question to be a question about minimum deposit…so I just left it at that. No idea if there is an early term fee or the minimum account opening time requirement is.

Doc. This Deal Ded

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