Deal has expired, view more bank deals by clicking here.
Update 12/3/19: Deal is back and valid until December 23rd, 2019. Hat tip to Craig J
Offer at a glance
- Maximum bonus amount:Â $200
- Availability:Â AL, AR, FL, GA, LA, TN. Must live within 60 miles of a branch to open online, otherwise you need go to in branch to open.
- Direct deposit required:Â No
- Additional requirements:Â Use promo code & 15 transactions
- Hard/soft pull:Â Soft pullÂ
- ChexSystems:Â Yes
- Credit card funding:Â Up to $500
- Monthly fees:Â None
- Early account termination fee:Â None
- Household limit:Â None
- Expiration date:
ÂAugust 31st, 2019December 23rd, 2019
Contents
The Offer
- Iberia Bank is offering a bonus of $200 when you open a new business checking account and complete the following requirements:
- Use promo code EARN200
- Make 15 client-initiated debit transactions within 90 days (use your debit card, write a check, or use Online Banking with Bill Pay)
The Fine Print
- To qualify to earn a $200 business checking cash bonus: $200 bonus will be credited to the new account within 105 days when a minimum of 15 client-initiated debit transactions occur (use your debit card, write a check, or use Online Banking with Bill Pay) within the first 90 calendar days of account opening.
- Limit of one $200 bonus per business.
- Bonus not considered part of the minimum opening deposit and certain business checking accounts require a minimum opening deposit of $100. I
- f the new business checking account is interest bearing, refer to the Rate and Fee Schedule for the annual percentage yield applicable to your account.
- Offer is not available to clients that have previously held a business checking account at IBERIABANK.
- New account must have a positive balance up to and including the day of the cash bonus payout.
- Public Fund, Brokerage or Institutional entities and IBERIABANK Corporation associates with businesses are not eligible for this offer.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Iberia Bank offers a free business checking account with no monthly fees to worry about.
Early Account Termination Fee
As far as I know there is no early account termination fee
Our Verdict
Currently there is also a $350 personal checking bonus. As far as I know we’ve never seen a business checking bonus from Iberia. Not sure what sort of business documents they require, but if you’re a business this looks to be an easy bonus to meet the requirements for. I’ll be adding this to our best business checking bonus page. Remember to share your experiences with this bonus in the comments below.
Hat tip to reader Brian C
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
Has anyone received the bonus. It’s been 4.5 months and still no bonus.
Denied due to Chex
South Carolina eligible for this one now. Funded with Citi Expedia credit card w/ cash advance set to $0…seems to have gone through.
Denied due to too many chex inquiries.
Anyone in Texas opened as Sole Prop? Did they ask any documents?
I tried to get this. I got close but the “agent” kept moving the goal post. Wanting documentation that wasn’t outlined in the original application. Things like, documenting my real estate holdings, documenting all my sources of income, documenting my number of customers, etc…finally I told them to go pound sand.
The list of required documentation does not include New York, but I can confirm that they require business documents if opening from New York.
Below is the link to list of required business documentation they ask to be uploaded prior to account approval:
https://umnasg16.umonitor.com/iberiabank/OAOSB Req LBD.PDF
I don’t see anything on the state of GA for sole prop. I guess I’ll be the data point I want to be.
DP: I applied since there was no mention of needing any documentation if a resident of GA. After pointing out to the rep that this was not listed on the documents needed here is the response I received.
I completely understand that Georgia is not listed on that document. My supervisor is actively updating it now. Unfortunately, in instances like these, we must get approval from the branch since they are in charge of the account after the application process. All of our Georgia branches require the Assumed Name/DBA Certificate. I will not be able to proceed without one.
Any advise? Should I even bother with getting a DBA certificate? I do have a legit side hustle charging scooters. Wells Fargo didnt ask for any documents when I applied with them and was approved. Pros cons of doing this?
This is the full link since the one above is not working, for required documents.
https://umnasg16.umonitor.com/iberiabank/OAOSB%20Req%20LBD.PDF
Targetted location may have changed. When you click on “open now” it says:
Thank you for choosing IBERIABANK. We welcome business owners of Louisiana, Arkansas, Tennessee, Alabama, Texas, Georgia, Florida, New York, North Carolina and South Carolina states to apply.