This offer has expired, view the best current checking bonuses by clicking here.
Reposting as bonus is back until November 30th, 2018. Bonus now requires an average monthly balance of $2,500. Previously it was just an opening deposit of $1,000. Hat tip to reader E W.
Reposting as offer has returned and is back until February 28th, 2018. Hat tip to Danny Deal Guru
Offer at a glance
- Maximum bonus amount: $150
- Availability: Account must be opened in branch. All branches are in NJ & PA. [Branch locations]
- Direct deposit required: No
- Additional requirements: Maintain $2,500 average daily balance for 180 days
- Hard/soft pull: Soft
- ChexSystems: Unknown
- Credit card funding: None in branch
- Monthly fees: None
- Early account termination fee: Unknown, must be kept open for at least 180 days
- Household limit: None listed
- Expiration date:
October 31st, 2017 February 28th, 2018November 30th, 2018
The Offer
- Unity Bank is offering a bonus of $150 when you open a new business checking account and maintain a $2,500 average monthly balance for 180 days after account opening.
The Fine Print
- Offer applicable for new monies only, funds not held at Unity Bank in the past 90 days.
- Offer valid 8/1/18-11/30/18. Cannot be combined with other offers.
- Checking account must remain open, active and in good standing for 180 days.
- Limit one bonus per customer.
- The $2,500 average monthly balance is required in the new business checking account for 180 days of account opening to receive offer.
- Bonus will be deposited automatically into your new checking account within 10 days after the 180-day qualification period.
- Bonus is not considered part of the minimum opening deposit.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
They offer a free checking account with no monthly fees to worry about. Account must remain active and in good standing for 90 days, unsure if there is any other early account termination fee.
Our Verdict
Not as good as it previously was as you need to tie up $2,500 for 180 days, that’s a bit of a pain but still not that bad if you can float the money. As always if anybody goes for this bonus please share your experiences. For now I won’t be adding it to our list of the best business checking bonuses. Due to the fact we’ve seen easier bonuses to complete from this bank before.
Big thanks to reader, Curmudgeon 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
Offer has been extended through 6/30/18
https://unitybank.com/business/banking/accounts/checking/promo-1044
Business registration docs required to open an account. They also have a super easy $200 checking bonus available in branch
Were you able to open both accounts and get both bonuses?
I did not open the biz acct since I don’t have biz docs.
I did open the personal account and did not get the bonus. I kept it at $0 balance and they closed the account without notifying me before the bonus could post, so make sure you keep some $$ in it!
Oh, sorry you missed out on the bonus.
Just to post a data point, I opened both accounts and am using both of them. I received my bonus after 90 days.