Offer at a glance
Maximum bonus amount: $250
Availability: NV only
Direct deposit required: No
Additional requirements: See below
Hard/soft pull: Soft pull
ChexSystems: Unknown
Credit card funding: None
Early account termination fee: Bonus forfeit, six months
Household limit: None listed
Expiration date: None listed
The Offer
Farm Bureau Bank is offering a $250 bonus when you open a new checking account and complete ONE of the following requirements:
Open a new Merchant Services Account OR
Maintain an average daily balance of $5,000 OR
Sign up for a Treasury Management Service
The Fine Print
Promotional offer may be discontinued or changed at any time, without notice. Monthly account fees apply but may be waived if certain criteria are met. The $250 will be credited to your business checking account within 60 days after the qualification period of three (3) statement cycles. If the account is closed within six (6) months, the bonus will be deducted at account closing.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Business essentials has a $10 monthly fee. Maintain a $1,000 minimum average daily balance to avoid the monthly account fee
Early Account Termination Fee
Bonus forfeit if closed within six months
Our Verdict
Possibly ChexSystems sensitive, not sure if that affects business accounts or not.
Hat tip to ShawntheShawn
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