[CA, OR, WA only] [YMMV] Union Bank $250 In Branch Business Checking Bonus

Offer at a glance

  • Maximum bonus amount: $250
  • Availability: CA, OR, WA, in branch only. Flier might be required. [Branch locator]
  • Direct deposit required: No
  • Additional requirements: See below
  • Hard/soft pull: Unknown
  • ChexSystems: Unknown
  • Credit card funding: Unknown
  • Monthly fees:
  • Early account termination fee: Unknown
  • Expiration date: April 30th, 2017

The Offer

No direct link, must go in branch

  • Businesses in CA, OR and WA can receive a $250 business checking bonus when they open a new Union Bank checking account and meet the following requirements:
    • Maintain an average monthly balance of at least $1,000 on the account each statement period after account opening
    • Performance at least 5 account transactions  each statement period after account opening
  • Postcard must be presented at time of account opening. With the personal bonus the bonus was also advertised in branch, not sure if this is also the same or not. The fine print just tells the banker to use the MTS code New Business Flier as well.

The Fine Print

  • Cannot have been a Union Bank business customer within the past 6 months
  • If qualifying requirements are not met or your account is not active and in good sanding as of 90 days after opening, you will not receive the bonus
  • Bonus will be deposited within 120 days of account opening
  • Limit 1 offer per business
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

I wasn’t able to find a fee schedule, so I’m unsure if any early account termination fee is charged or not. Easiest account to keep fee free is the basics business checking account, this has a $5 fee that is waived if you do any of the following:

  • Daily checking balance of $1,000+
  • Monthly average checking balance of $3,000+
  • Monthly average balance of linked business accounts $5,000+

Our Verdict

If you can do this in branch without a mailer then this could be a potentially good deal depending on the normal factors (e.g soft/hard pull and what requirements they need from your business). For now though there are way too many unknowns so I will not be adding it to our list of the best business checking bonuses.

Big thanks to @esthery from DEMFlyers

Useful posts regarding bank bonuses:
    William Charles
  • On April 3, 2017, 14:30

View Comments (14)

  • I opened this account with them as a sole prop using my SSN.
    I received a letter a month later saying they are closing my account after reviewing my Chex report.
    I wonder if it makes sense to file claim with CFBP since this is a business acc and it didn't last required 90 days.

    BTW, nothing is wrong in chex report except 10 inquires last year.

  • I opened a basic business checking account today in SF. I printed out the flyer and was funded with a personal check. I didn't ask about credit card funding in branch.

    I plan to bill pay 5 times and keep my minimum daily balance above $1,000. Should be a simple bonus. I will report back on my data points regarding getting the bonus.

    • I had to close my account because I did not have a DBA or Fictious Business Name document. Getting one would have cost $600+. Oh well.

      • So they asked you to close the account AFTER it's been successfully opened?
        I am S corp but also no DBA. They didn't ask for that documentation just my articles of incorporation and EIN.

  • Look like YMMV. Opened yesterday with just image using sole prop. (social # only). I have a legit side business but no documents. Confirmed soft pull.

    Great customer service. I'm planning on keeping this account anyways for my business. 500 CC funding in branch but did not attempt so unsure of how that would code.

  • I went into Union Bank with the image from the flyer. They initially told me that would be fine but 15 minutes later the manager let me know that they would need an actual flyer to submit it with the bonus.

  • I've been a UBOC customer for over 20 years. I have a Priority Banking Checking account, a Preferred Savings account, and a few IRAs with them. I got the mailer, but I'm not a business. I wonder if it's possible to capitalize on this offer? I'm thinking no. Any thoughts?

    • Sometimes you can do it as a sole prop, not sure if they allow it or not though.

      • I think I'll just have to be up front with them - I don't want to jeopardize my banking relationship, or have to open another account with requirements that I don't need if there's no bonus. Thanks for the feedback.

  • I just opened the basic business checking today in a local branch and all I brought in was the scanned copy of the mailer from this post and they accepted it without any hassle. So can confirm that you don't need the actual mailer to open this account.
    Also, there doesn't appear to be any hard inquiries on any of my credit files so I'm pretty sure it's not a HP to open.

  • Interesting bank bonus:
    Open Nashville Predators Essential Checking and complete qualifying activities to receive a jersey.

    Here's How You Score an official Preds Jersey:

    1. Get Drafted:
    Open a new Fifth Third Bank Nashville Predators Essential Checking account between 10/14/16-4/30/17 at your local Fifth Third Branch or by calling 1-866-671-5353.
    2. Get Signed:
    Enroll in direct deposit and make 3 online bill payments using Fifth Third Bank’s Online Bill Payment Service within 90 days of account opening.
    3. Get Your Team Jersey:
    After completing steps 1 and 2, receive your official Predators jersey in the mail and join us in Smashville!

    https://www.53.com/mkg/checking/lp-nashville-predators.html?cid=soc:tw:small-play:sponsorship:preds-checking

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