Offer at a glance
- Maximum bonus amount: Up to $650
- Availability: LA and in branch only
- Direct deposit required: No.
- Additional requirements: 25 debit card transactions
- Hard/soft pull: Hard pull
- ChexSystems: Unknown
- Credit card financing: Unknown
- Monthly fees: $17, avoidable
- Early account closure fee: Unknown
- Expiration date: None listed
Offers
- La Capitol Federal Credit Union offers up to a $650 bonus when you open a new business checking account:
- $500 when you open an economical business checking account with a minimum deposit of $5,000+ and maintain that balance for 90 days
- $650 when you open a commercial performance checking account with a minimum deposit of $25,000+ and maintain that balance for 90 days
- Both bonuses require you to complete at least five qualifying transactions within 60 days:
- Debit card purchases
- Online shopping
- ACH Credits
- Bill payments
- Incoming or outgoing bank transfers
Fine Press
- All bank account bonuses are treated as income/interest and as such you must pay tax on them
Avoidance of fees
Monthly fees
- Economy Business Check has a monthly fee of $17, this is reduced to $15 with eStatements.
- Commercial Performance Check has a $30 fee that is waived with an average daily balance of $25,000 +
Early account termination fee
I was not able to find a fee schedule so uncertain if there is any EATF.
Our verdict
A lot of hassle (difficult, in-branch withdrawal and monthly fee that can’t be waived) with this bonus, but at least it’s $500, so maybe worth doing if you live near a branch. Will add it to us best business bonuses.
Hat tip to the reader Bockrr
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