Bank of the West $100 Business Checking In Branch Bonus – No Direct Deposit Required [AZ, CA, CO, ID, IA, KS, MN, MO, NE, NV, NM, ND, OK, OR, SD, UT, WA, WI, WY]

Offer at a glance

• Maximum bonus amount: $100
• Availability: Arizona, California, Colorado, Idaho, Iowa, Kansas, Minnesota, Missouri, Nebraska, Nevada, New Mexico, North Dakota, Oklahoma, Oregon, South Dakota, Utah, Washington, Wisconsin, and Wyoming. In South Dakota, Bank of the West operates as Bank of the West California.
• Direct deposit required: None
• Additional requirements: Yes, five debit card transactions of $25+ each
• Hard/soft pull: Soft
• ChexSystems: Yes
• Credit card funding: $500 max, Visa/MC only, not sure if this will work in branch.
• Monthly fees: $10, waivable
• Early account termination fee: $25, 91 days
• Expiration date: August 19th, 2016

The Offer

Direct link to offer

• Open a new business checking account at a Bank of the West branch before August 19th with $100 or more in funds new to Bank of the West and receive a $100 bonus when you do the following:
  • Make five debit card purchases of at least $25 each

The Fine Print

• Bank of the West products are offered to the residents of the states of Arizona, California, Colorado, Idaho, Iowa, Kansas, Minnesota, Missouri, Nebraska, Nevada, New Mexico, North Dakota, Oklahoma, Oregon, South Dakota, Utah, Washington, Wisconsin, and Wyoming. In South Dakota, Bank of the West operates as Bank of the West California.
• Eligible business debit card transactions must be posted to your account by 10/31/2016.
• Offer is not available for existing Bank customers with an open business checking account as of 07/08/2016.
• If the business or other businesses located at the same address received or may receive any other business checking bonus from the Bank between 07/01/2015 and 11/29/2016, then no business at that address is eligible.
• Account must be in open status and have a positive balance as of 10/31/2016 to be eligible to receive any bonus.
• Bonus will be credited to your open business checking account by 11/30/2016. Offer does not apply to second or multiple business checking accounts. Limit of one business checking bonus per business and per mailing address.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

The easiest account to keep fee free is the classic business checking account, it has a $10 monthly fee and it’s waived if you do either of the following:

• a minimum daily balance of at least $3,000 in this account OR
• a combined average monthly balance of $6,000 in linked combined money market, savings or CD balances

Our Verdict

They are also offering a bonus of up to $300 for their personal checking account (no branch visit required). This business offer is pretty good, but having to go into a branch sort of kills it unless you live close to a branch and it doesn’t take long to open. For now we won’t add it to our recommended offers page. Feel free to share your experiences in the comments below.

Useful posts regarding bank bonuses:

• A Beginners Guide To Bank Account Bonuses
• 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