Update 6/3/24: Deal is back and valid until 9/30/2024
Update 4/24/22: Deal is back, modified the link and a few details below. (ht alopez14)
Offer at a glance
Maximum bonus amount: $300
Availability: TX/OK [Branch locations]
Direct deposit required: None
Additional requirements: No
Hard/soft pull: Soft
ChexSystems: Unknown
Credit card funding: Yes, up to $200. Visa, Mastercard & Discover accepted. (unlikely to be available in branch)
Monthly fees: None
Early account termination fee: $10, 60 days
Household limit: Limit one bonus every 2 years
Expiration date: November 17th, 2018 October 30, 2020 May 31, 2022
The Offer
First United Bank is offering a bonus of $300 when you open a new business checking account and complete the following requirements:
Maintain a minimum average daily balance of $1500 from 10/1/2024 through 10/31/2024
Use your First United Business Debit Card for debit card purchases at least 10 times during the first 30 days from time of account opening
Sign up for e-statements during the first 30 days from time of account opening
The Fine Print
Offer applies for new business checking accounts opened between 3/07/2022 through 5/31/2022. Account will be credited by 07/15/2022. To receive the credit, account must be open at the time of payout.
Offer is subject to change without notice. The offer is subject to the applicable terms and conditions, fee schedule and electronic funds transfer agreement.
Limit 1 bonus per business every 2 years.
Bonus may be subject to 1099 reporting, please consult your tax adviser.
First United employees and immediate family members are not eligible.
Avoiding Fees
Monthly Fees
They offer a free checking account with no monthly fees
Early Account Termination Fee
I wasn’t able to find a fee schedule so I’m unsure if there is any early account termination fee. There is a $10 fee on the personal account, so not sure if something similar applies. Update: Looks like it does.
Our Verdict
Apparently the flyer isn’t needed in branch to open the account and get the bonus. It’s available at all branches. We’ve seen a $100 bonus on a personal checking account but not on a business account. Might be worth doing if you live near a branch and have an eligible business. If anybody decides to sign up then please share your experiences in the comments below. I’ll be adding this to our business checking bonuses.
Big thanks to reader, TW who let us know. Learn how to find bonuses and contribute to the site here.
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