Update 1/10/24: Extended until 12/31/24.
Update 1/15/23: Extended until 12/31/23.
Update 10/14/22: Extended until December 31, 2022.
Update 8/29/22: Deal is back and valid until September 30, 2022.
Terms state ‘Offer valid for recipient only’, so might be targeted
Offer at a glance
Maximum bonus amount: $400/$600
Availability: FL
Direct deposit required: None
Additional requirements: Maintain a minimum average balance of $1,500 at 90 days
Hard/soft pull: Soft
Credit card funding: Unknown, possibly up to $1,000
Monthly fees: None
Early account termination fee: $30 if closed within 90 days
Household limit: None listed
Expiration date: June 30, 2022
The Offer
Seacoast Bank is offering a $400/$600 business checking bonus. Bonuses are as follows:
$400 when you open your first Business Checking account and deposit $5,000 and maintain that average balance for 90 days and complete 15 debit card purchases.
$600 when you open your first Business Checking account and deposit $10,000 and maintain that average balance for 90 days and complete 15 debit card purchases.
The Fine Print
Earn up to $600 for a new Seacoast Business Checking account meeting all requirements outlined below and ful filling the Small Business Visa Debit Card Offer as noted below. Limitedtime offer available April 1, 2022 through June 30, 2022.
Offer may be withdrawn at any time
Offer valid for recipient only.
Limited to one bonus per business relationship.
Business must have a current and active registration with the Florida Department of State
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Free Business Checking
Free Business Checking has no monthly service fee and no minimum daily balance requirement. You get 150 items per month, after which an additional item fee of $0.35 per item. There is a $3 monthly check image enclosure fee, unless you opt for e-statements or choose to not have check images included in your monthly printed statements.
Early Account Termination Fee
According to the fee schedule there is an early account termination fee of $30 if the account is closed within 90 days of opening.
Our Verdict
Bigger bonus than the regular $300 bonus, but requires a bigger deposit and this option might be targeted as well. If it turns out to be open to everybody, we will add this to our list of the best bank account bonuses.
Hat tip to reader snailrock
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