Posted by William Charles on January 12, 2019
Bank Account Bonuses

Published on January 12th, 2019 | by William Charles

1

[WV, PA, OH, IN, KY, In Branch Only] WesBanco $250 Business Checking Bonus

Offer at a glance

  • Maximum bonus amount: $250
  • Availability: WV, PA, OH, IN, KY Only. Must open in branch [Branch locator]
  • Direct deposit required: None
  • Additional requirements: See below
  • Hard/soft pull: Soft
  • ChexSystems: Unknown
  • Credit card funding: Unknown
  • Monthly fees: None
  • Early account termination fee: Unknown
  • Household limit: None listed
  • Expiration date: February 8th, 2019

The Offer

Direct link to offer

  • WesBanco is offering a bonus of up to $250 when you open a new business checking bonus. Bonus is broken down as follows:
    • $150 for maintaining an average account balance of at least $2,500 for the first 30 days after the account is opened
    • $100 for enrolling in mobile banking and either opening and activating a debit card and completing 5 debit card purchases within 30 days of opening or open a new business credit card within 30 days of opening

The Fine Print

  • $150 for Maintaining an Average Account Balance of $2,500 and $100 for Mobile Banking & Business Debit Card Activity or New Business Credit Card
    Customers with a current business checking account, or who transfer funds from an existing WesBanco deposit account, are not eligible for any of the bonuses.
  • Business Money Market Accounts do not qualify.
  • The minimum balance to open an account and receive a bonus is $50 and an average balance of $2,500 must be maintained over the first 30 days after the account is opened.
  • All qualifying activity must occur and post to the account within 30 days of the date of account opening.
  • Please allow up to seven business days after 90-day period for bonus credit.
  • Mobile Banking, Debit Card and Credit Card Bonus: Enroll in Mobile Banking and either open and activate a new debit card and complete 5 debit card purchase transactions or open a new business credit card within 30 days of the checking account opening.
  • Bonuses may not be used in combination with other offers, are subject to change without notice and limited to one per account.
  • No bonus will be paid if the account is in overdraft or closed at the time the bonus is to be credited.
  • Employees are not eligible for bonuses.
  • Program subject to change without notice.
  • Offer effective from January 7, 2019 through February 8, 2019. WesBanco Bank, Inc. is a Member FDIC.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

There is a free checking account with no monthly fee to worry about.

Early Account Termination Fee

Unsure if there is any early account termination fee. I’d just keep the account open for a minimum of six months to be on the safe side.

Our Verdict

Previously all of the bank bonuses we’ve seen from WesBanco have been personal, so it’s nice to see a business bonus as well. This looks like it’s worth doing if you live near a branch as the requirements are easy to meet and there are no monthly fees to worry about. I’ll add this to our list of the best business checking bonuses.

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

Useful posts regarding bank bonuses:



1
Leave a Reply

avatar
 

  Subscribe  
newest oldest most voted
Notify of
Scott
Scott

As an FYI, the debit card gets mailed to you and to sign up for online / mobile banking you need to register online and then print out and sign and return a form for online banking (can be emailed, faxed or returned to a branch). Then allow 1-3 business days for online access.

When registering online it asks who referred you. Not sure if putting a current member’s name dpwn will trigger the $50 referral bonus for them.

One downside to the account is the $5/month fee for bill pay (if activated) but it’s a small fee amd also a tax deductible expense. There is no fee for direct debit hitting the account.

Back to Top ↑