Offer at a glance
Maximum bonus amount: $500
Availability: WV, PA, OH, IN, KY
Direct deposit required: No
Additional requirements: Maintain $15,000 for 90 days
Hard/soft pull: Soft
ChexSystems: Unknown
Credit card funding: Unknown
Monthly fees: $10, avoidable
Early account termination fee: Unknown
Household limit: None listed
Expiration date: None
The Offer
WesBanco is offering a bonus of up to $500 when you open a new business checking bonus.
Use promo code WSBCBiz500
Maintain an average account balance of at least $15,000 for the first 60 days after the account is opened
The Fine Print
WesBanco customers with a current business checking account, who transfer funds from an existing WesBanco deposit account, or who have previously received a business checking account bonus are not eligible for this new bonus.
Respondents must provide the promo code ‘WSBCBiz500’ at account opening to be eligible.
New business checking accounts must maintain an average daily balance of $15,000 in the first 60 days of account opening to receive the $500 bonus.
Account balance cannot be lower than $5,000 at the time of the bonus payment.
Please allow up to seven business days after 60-day period for bonus credit.
No bonus will be paid if the account is in overdraft at the time the bonus is to be credited. Program subject to change without notice. Offer effective for 30 days post mailing date.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Business builder has a $10 monthly fee, this is waived with a $500 average monthly balance.
Early Account Termination Fee
Unsure if there is any early account termination fee. I’d just keep the account open for a minimum of six months to be on the safe side.
Our Verdict
Previously there was a $250 business checking bonus but that was a long time ago. This is a good return considering you only need to tie up funds for 60 days. Works out to be an annualized return of 20% APY for the 60 days. We will add this to our list of the best bank account bonuses.
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