Offer at a glance
Maximum bonus amount: $2,000
Availability: Must open in branch (Oklahoma and Missouri areas)
Direct deposit required: None
Additional requirements: Yes, see below
Hard/soft pull: Unknown
ChexSystems: Unknown
Credit card funding: Yes, up to $10,000, unsure if possible in branch Card funding is generally not possible in-branch
Monthly fees: Avoidable
Early account termination fee: Unknown
Expiration date: Unknown
The Offer
Regent Bank is offering a $2,000 when you open a business checking bonus in a branch (Oklahoma, Missouri):
Open any Regent Business Checking Account with a minimum opening deposit of $200, but maintain a minimum balance of $50,000 for 90 days.
Make at least 10 debit card transactions within the initial 90 day period.
Bonus will be deposited into your Regent Business Checking Account within 10 days after the initial 90 day period.
The Fine Print
One bonus per client.
Account must be opened after 7/10/23
Applies to business accounts only, including Regent Free Business Checking, Regent Account Analysis & Regent Cares Non-Profit Business Checking & Cannabis Business Checking. View Business Checking Options.
This is a limited time promotion.
Avoiding Fees
Open the Simple Business Checking and it’s completely fee-free.
Our Verdict
You are locking up $50,000 for 90 days to get this bonus. Overall it still could be a nice deal: if we assume you’re forgoing a 5.5% interest rate account, you’ll lose around $700 in interest and get $2,000 instead. Another way of looking at it is that you’ll be earning around 16% interest on the 90 days that the funds are locked up.
And who knows – maybe you’ll like the bank and decide to keep them long term as well for your business banking needs.
Hat tip to reader PW