Offer at a glance
Maximum bonus amount: $750
Availability: MI
Direct deposit required: No
Additional requirements: See below
Hard/soft pull: Mixed datapoints
ChexSystems: Unknown
Credit card funding: No credit card funding, can fund with a debit card up to $20,000
Monthly fees: None
Early account termination fee: $15, 180 days
Household limit: None
Expiration date: None
The Offer
Community Financial Credit Union is offering a $750 business bonus when you open a new business checking account and complete the following requirements:
Open a new business checking account
Open the account with funds from outside Community Financial Credit Union
Use your business debit card 5 times per month for 3 months
Maintain a $15,000 minimum balance for 3 months
The Fine Print
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 has no monthly fee to worry about.
Early Account Termination Fee
According to the fee schedule there is a $15 fee if closed within 180 days.
Our Verdict
There is also a personal checking bonus for $750. That bonus is better as it only requires a $5,000 bonus but both still worth doing if you can.
Hat tip to Tikky
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?
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