Offer at a glance
Maximum bonus amount: $250
Availability: MN, WI, TN, TX
Direct deposit required: None
Additional requirements: See below
Hard/soft pull: Hard pull
ChexSystems: Unknown
Credit card funding: Unknown
Monthly fees: None
Early account termination fee: $15, 90 days
Household limit: None
Expiration date: None listed
The Offer
Altra Bank is offering a bonus of $250 when you open a new Business Advantage or Business Edge account and complete the following requirements:
Use promo code CHK_$250BUSINESS
Make $2,500 in qualifying deposits
20 debit card transactions
The Fine Print
$250 cash bonus available for new Altra Business members who open a new Business Advantage or Business Edge Checking account in person at any Altra Branch location; Offer void for existing Altra Business members or Altra members if Altra membership has been closed within the last 6 months.
To receive offer, you must complete the following requirements within the first sixty (60) days of account opening: 1) Make a minimum of $2,500 in qualifying deposits (new money; funds not currently on deposit at Altra, and 2) Make a minimum of twenty (20) purchases with your Altra Visa Business Debit Card ($10.00 minimum purchase per transaction required).
$250 will be deposited into new Business Checking account within 30 business days of completing requirements.
If all requirements are not completed and/or posted within the first 60 days of account opening, cash bonus will not be deposited.
The first sixty (60) days of account opening means the full 60 days beginning on the 1st day and up to the 60th calendar day at 2 pm CST. One Business Checking account per business member; one offer per business member.
Available for business accounts only; not available for personal or Guardianship, Rep Payee, or UTMA accounts.
Offer valid for members ages 18 and older.
For tax purposes, cash bonus may be reported as dividends. Membership eligibility required. Limited time offer.
Cannot be combined with any other checking bonus. Contact Altra for complete details.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Business advantage has a $10 monthly fee. This is waived with a $500 average daily balance.
Early Account Termination Fee
There is a $15 fee if closed within 90 days of account opening.
Our Verdict
Might be worth doing for some people, not sure what sort of business documents are required.
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