[CA] Valley First Credit Union $500 Business Checking Bonus

Offer at a glance

• Maximum bonus amount: $500
• Availability: Calaveras, Fresno, Kern, Kings, Madera, Mariposa, Merced, Sacramento, San Joaquin, Stanislaus, Tulare, and Tuolumne Counties.  in CA
• Direct deposit required: None
• Additional requirements: See below
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: $12, avoidable
• Early account termination fee: None
• Household limit: None listed
• Expiration date: None listed

The Offer

Direct link to offer

• Valley First Credit Union is offering a $500 business checking bonus when you following requirements are met:
  • Account must be open for 100 days
  • Receives average deposits of at least $1200 per month during that period

The Fine Print

• Offer available on Small Business Checking, Business Checking, Interest Business Checking, and Impact Business Checking.
• Offer does not apply if you have an existing Valley First Credit Union business checking account or have closed a Valley First business checking account within the last 12 months, including joint account ownership. Cannot be combined with other offers.
• Business must meet Valley First membership eligibility requirements including payment of a $5 one-time membership fee and deposit of $25 to a Business Share Savings Account
• $500 bonus will be posted to the business checking account after it is open for 100 days and receives average deposits of at least $1200 per month during that period.
• These fees are waived on the business checking account: monthly maintenance, deposit transaction, cash deposit, and cash order.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Business checking has a $12 monthly fee. Waived with a $1,500+ average daily checking balance OR $4,000+ average daily combined balance).

Early Account Termination Fee

None but account does need to be open for 100 days at least.

Our Verdict

There is also a $200 personal checking bonus. This is an awesome bonus as it’s easy to keep the account fee free and trigger the bonus. We will add this to the best bank bonuses even though we don’t know if it’s a hard or soft pull.

Hat tip to reader prunecity

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