[Expired] [WA, OR, ID & In Branch] Columbia Bank $300 Business Checking Bonus

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Update 3/4/2020: This has been extended until April 30th, 2020.

Update 1/5/2020: Deal has now been extended until February 29th, 2020.

Offer at a glance

Maximum bonus amount: $300
Availability: In branch only, all branches are in: Washington, Oregon and Idaho. [Branch locator]
Direct deposit required: No
Additional requirements: Deposit $500 & maintain for 90 days
Hard/soft pull: Soft pull
ChexSystems: Unknown
Credit card funding: None
Monthly fees: $10, avoidable
Early account termination fee: Account must be open at time of bonus posting
Household limit: None listed, one per business though
Expiration date: ~~September 30th, 2018 October 31st, 2018 November 30th, 2018 December 31st, 2018 January 31st, 2018~~ ~~February 28th, 2019 March 31st, 2019 April 30th, 2019 June 30th, 2019~~ ~~July 31st, 2019 August 31st, 2019~~ ~~October 31st, 2019~~ ~~December 31st, 2019~~ February 29th, 2020

Contents

1 The Offer
2 The Fine Print
3 Avoiding Fees
- 3.1 Monthly Fees
- 3.2 Early Account Termination Fee
4 Our Verdict

The Offer

Direct link to offer

Columbia Bank is offering a $300 bonus when you complete the following requirements:
- Open a new Business Growth Checking or Business Relationship Checking Account using promo code e-mail to you. You get this code on the landing page linked above.
- Make at least one deposit of $500 or more within 15 calendar days of opening
- Maintain an average daily balance of $500 or more for the first 90 days

The Fine Print

Limited time offer.
To receive the $300 gift: 1) Open a Business Growth Checking or Business Relationship Checking Account, subject to approval, 2) Make at least one deposit of $500 or more to the account within 15 calendar days of account opening and 3) Maintain an average daily balance of $500 or more for the first 90 days after account opening. All standard account opening procedures apply.
This offer is not available to existing Columbia Bank business checking account customers.
Fiduciary accounts and nonprofit organizations do not qualify for the offer.
Offer is not available to those whose business checking accounts have been closed within 90 days or closed with a negative balance.
Limit one $300 gift per qualifying account. Limit one $300 gift per business.
After you have completed all the above requirements, we will deposit the gift in your new account in the three months following the 90-day review period.
The gift is considered interest and will be reported to the IRS in accordance with applicable law.
Accounts overdrawn or closed at the time of the gift fulfillment are not eligible for this offer.
Employees of Columbia Bank, its affiliates and subsidiaries are not eligible for this offer.
You must present this offer code at the time of account opening to qualify for the gift.
We reserve the right to restrict or change this offer at any time.
Number of days used to determine gift eligibility will be calendar days. Member FDIC.

Avoiding Fees

Monthly Fees

Business Growth Checking is the easiest eligible account to keep fee free. It has a $10 monthly fee, this is waived if you do any of the following:

10 debit card purchases per month
or $2,500 minimum daily balance

Early Account Termination Fee

Account must be open at time of bonus posting. Other than that I don’t think there is any early account termination fee.

Our Verdict

They also have a $200 personal checking bonus worth doing. I imagine you can open both at the same time. This $300 business checking bonus is definitely worth doing, only requires a $500 deposit to trigger the bonus. I guess most people would deposit $2,500 to avoid the monthly fees as well. Either way still a great bonus and we will be adding this to our best business checking account bonuses.

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

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