Offer at a glance
Maximum bonus amount: $800
Availability: PA, OH, MD, DC, VA, NC, SC, WV
Direct deposit required: No
Additional requirements:See below
Hard/soft pull: Soft
ChexSystems: Unknown
Credit card funding: Up to $100, all payment networks are accepted.
Monthly fees: None
Early account termination fee: $50, 180 days
Household limit: None
Expiration date: December 31, 2024
The Offer
First National Bank is offering a bonus of $800 when you open a new Compak business checking account and complete the following requirements:
Deposit a minimum of $10,000 in new money within the first 30 days.
Maintain an average minimum balance of $10,000 at 6 months (180 days) after the initial 30 days.
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
This account has the monthly fee waived with a $1,500 min. daily balance.
Early Account Termination Fee
$50 fee if closed within 180 days of account opening
Our Verdict
This works out to be a 16% annualized return so worth doing if you have some liquid funds that you want to earn a high rate. We’ve seen a previous bonus for up to $1,000 that was most likely better as the deposit requirement was smaller but there is no guarantee we will see that again so we will put this one on the list of the best bank account bonuses.
Hat tip to ShawntheShawn
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