[NY & NJ only] Flushing Bank $200 Business Checking Bonus – No Direct Deposit Required + Up To $1,500 Giftcard

Update 1/30/20: There is also now a gift card bonus of up to $1,500 as well.

Offer at a glance

• Maximum bonus amount: $200 + gift card up to $1,500
• Availability: NY & NJ
• Direct deposit required: No
• Additional requirements: 5 debit card transactions (must be above $25 each), 5 online bill payments (also must be over $25)
• Hard/soft pull: Soft
• Credit card funding: Unknown
• Monthly fees: None
• Early account termination fee: Account must remain open and in good standing for six months
• Expiration date: None specified

The Offer

Direct link to offer

• Receive a sign up bonus when you open a Flushing Bank business checking account, broken down as follows:
  • $200 for opening a Flushing Bank complete business checking account, broken down as follows:
    • $100 for completing 5 debit card transactions of $25+ each
    • $100 for completing 5 bill payments of $25+ each
  • You can also get a gift card for depositing and maintaining a balance for 90 days. The tiers are as follows:
    •  Tier 1: $15,000 – $24,999 a $200 gift card
    • Tier 2: $25,000-$74,999 a $350 gift card
    • Tier 3: $75,000-$149,999 a $600 gift card
    • Tier 4: $150,000 – $249,999 a $1,000 gift card, and
    • Tier 5: $250,000+ a $1,500 gift card

 

 

The Fine Print

• New business checking account with new money only.
• Existing business checking account customers are not eligible.
• A new business checking account is defined as any new business checking account that does not have any authorized signatures in common with any other existing Flushing Bank business checking account(s).
• An existing checking customer is defined as anyone who currently has or has had a Flushing Bank checking account within the last 24 months.
• New money is defined as money not currently on deposit with Flushing Bank.
• You must deposit a minimum of $100 to open a business checking account.
• No minimum balance required to be eligible for the Bonus.
• You will receive $100 for the completion of 5 debit card purchases.
• And $100 for the completion of 5 online banking bill-payments via Flushing Bank’s Online Banking portal.
• Each debit card purchase and each online bill-payment must be $25 or more and must be completed prior to 60 days after the account is opened.
• THE MAXIMUM AMOUNT A BUSINESS CHECKING CUSTOMER CAN RECEIVE IS $200.
• The compensation will be credited to the checking account on or about the end of the month following the completion of the qualifying transactions.
• A 1099 will be issued in the amount credited to your account.
• Other fees and restrictions may apply.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

There are no monthly fees on the complete business checking account, but you do need to fund it with a minimum of $100 initially. Account needs to be kept open and in good standing for six months to avoid any early account termination fees.

Our Verdict

The $200 bonus seems very easy to get with no direct deposit requirement. This is one of the better business checking bonuses. They also have a $200 or $300 personal checking bonus available.

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