[Expired] [MA only] Rockland Trust Bank $250 Business Checking Bonus

Deal has now ended, view more checking bonuses by clicking here

Update 11/21/19: Deal is back and available online this time. Hat tip to jojool

Update now available at Boston branch as well.

Offer at a glance

• Maximum bonus amount: $250
• Availability: Hyannis branch only
• Direct deposit required: No
• Additional requirements: Deposit $1,000
• Hard/soft pull: Soft pullk
• ChexSystems: Unknown
• Credit card funding: Can fund up to $2,000. Visa, Mastercard, American Express & Discover are accepted.
• Monthly fees: None
• Early account termination fee: Unknown
• Household limit: None listed
• Expiration date: January 31st, 2018 April 30th, 2018 September 30th, 2018 December 31st, 2018 March 31st, 2019 December 31st, 2019

The Offer

Direct link to offer

Direct link to offer for Westwood ($250 bonus) | Direct link to offer for Burlington ($200 bonus) |Direct link to Newton offer ($200 bonus) Direct link to Hyannis ($250 bonus) Direct link to Boston ($250 bonus)

• Rockland Trust Bank is offering a bonus of $250 when you open a new free business checking account. You also need to complete the following requirements:
  • Deposit $1,000 in new money.

 

 

The Fine Print

• Limit one promotional account per customer.
• Offer is non transferrable. Don’t think this is enforced
• Businesses which currently own or have had a Rockland Trust Business Checking account within the 90 days prior to the account open date are not eligible.
• To be eligible for the $250 bonus you must open a new Business Checking account with $1,000 of new money to Rockland Trust between November 1, 2017 and January 31, 2018 at our Westwood branch office located at 670 High Street, Westwood, MA.
• The bonus will be paid directly to your account by April 30, 2018.
• Bonus payment will be reported to the IRS for the tax year in which it is paid. For new accounts funded by new money to Rockland Trust.
• Account must be opened by January 31, 2017. Pretty sure this should be 2018.
• Offer may be discontinued at any time without prior notice.
• Transaction restrictions apply. See banker for details. Fees may reduce earnings.
• Offer valid only at our Westwood office location.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

This account has no monthly fees.

Our Verdict

Seems like a great deal if you live near the branch as the only requirements are depositing $1,000. I’ll add this to the best business checking bonuses once we have some more datapoints of people successfully opening the account. They also have a $200 personal bonus that is targeted.

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