Deal has ended, view more bank account bonuses by clicking here.
Update 4/24/22: Deal is back, modified the link and a few details below. (ht alopez14)
Offer at a glance
- Maximum bonus amount:Â $300
- Availability:Â TX/OK [Branch locations]
- Direct deposit required:Â None
- Additional requirements:Â No
- Hard/soft pull:Â Â SoftÂ
- ChexSystems: Unknown
- Credit card funding:Â Yes, up to $200. Visa, Mastercard & Discover accepted. (unlikely to be available in branch)
- Monthly fees:Â None
- Early account termination fee: $10, 60 days
- Household limit:Â Limit one bonus every 2 years
- Expiration date:Â
November 17th, 2018 October 30, 2020May 31, 2022
Contents
The Offer
- First United Bank is offering a bonus of $300 when you open a new business checking account and complete the following requirements:
- Open with at least $100 and use promo code BOREN300
- Maintain a minimum average daily balance of $1500 from 6/1/2022 through 6/30/2022
- Use your First United Business Debit Card for debit card purchases at least 10 times during the first 30 days from time of account opening
- Sign up for e-statements during the first 30 days from time of account opening
The Fine Print
- Offer applies for new business checking accounts opened between 3/07/2022 through 5/31/2022. Account will be credited by 07/15/2022. To receive the credit, account must be open at the time of payout.
- Offer is subject to change without notice. The offer is subject to the applicable terms and conditions, fee schedule and electronic funds transfer agreement.
- Limit 1 bonus per business every 2 years.
- Bonus may be subject to 1099 reporting, please consult your tax adviser.
- First United employees and immediate family members are not eligible.
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:
- 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
Opened 5/25, bonus posted 7/25
Applied today over the phone, just told them the website link wasn’t working for me. They only needed basic info and EIN. Was able to email all required docs to them, though the last few docs did require a “wet signature” which means you have to print out, sign, and scan that part to email back to them. A bit of a hassle, but it did mean I didn’t have to go to a branch. CSR confirmed no credit card funding in-branch – cash or check only. I “funded” by pushing an ACH from an external bank, which is also the only option for ACH funding when you apply this way, apparently.
They asked me DBA docs (I don’t have them) but in another branch I opened just with EIN (they have to call to main office to check if it is ok). They used my name as name for my business. For some reason their system cannot prosses application if your name and name of business are exactly the same. Problem was solved with middle name initials.
I applied through the link a week ago but didn’t receive any communication from the bank….
I am in the same boat. Not sure what to do. Can we just go directly to bank?
Yes, I applied in a branch. Account was not fully opened because their system takes time to process application but they send me docs to sign over email on next business day and account was successfully opened in few hours.
Is this required to be opened in-branch? I’m confused by the main post’s verdict.
yes, in-branch
also a very similar deal for $300 was offered back in 2019
Added
Deal is back
William Charles 
Chuck
Link: https://www.firstunitedbank.com/business-bonus-2022
If you didn’t get your bonus and you met the req, contact them. You can do so via SM and/or chat, like I did. They replied later that night and stated that they submitted my request and it would post the next evening. It did. I plan on keeping the acct.
Opened account 10/20 with $1500 deposit per banker advice in branch to sign documents and finalize opening.
Completed required debit card purchases mid-November. Still waiting on bonus.
Opened account in branch on 9/30 with check deposit over bonus requirement. Have maintained that balance, minus 10x small Amazon debit transactions (still over $1500 balance) up to present day. No bonus posted either for minimum balance or debit transactions as of 1/2/21.
Sent SM yesterday. Bonus pending today. I actually like this bank and want to keep the account.