Offer at a glance
- Maximum bonus amount: $110
- Availability: AL, LA, MS
- Direct deposit required: No
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None
- Expiration date: None listed
The Offer
- BankPlus is offering a bonus of $110 when you open a new business checking account and complete the following requirements:
- Earn $25 when you use your BankPlus Visa® debit card during the month you open the account, and you’ll earn $25 with two posted and cleared debit card transactions.
- Earn $75 more with eight additional posted and cleared debit card transactions in the month after account opening.
- Earn $10 when you when you bring in your debit cards and unused checks from your current account at another financial institution
The Fine Print
- To qualify to earn the full $100, you must complete the following: A. To earn the $25 business checking cash bonus, use your BankPlus Business Visa® for 2 debit card transactions (Posted and Cleared) in month of account opening. B. To earn the additional $75 business checking bonus, use your BankPlus Business Visa® for 8 debit card transactions (Posted and Cleared) in the second month of account opening (ATM transactions are excluded). L
- imit of one $100 bonus per business.
- $25 bonus and $75 bonus will be credited to the account at end of statement cycle in which transactions were posted and cleared.
- 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 business checking account with no monthly fees.
Early Account Termination Fee
I wasn’t able to find a fee schedule so unsure if there is any EATF.
Our Verdict
Requirements seem easy to meet, but we need to know if it’s a hard or soft pull.
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
