Update 2/20/25: Bonus is now $500. Requires $3,000 instead of $1,500.
Update 1/5/25: Deal is back, now $225 instead of $300.
Update 9/15/21: Deal is apparently still live, but you need to go in branch and ask for it (obviously don’t mention this site).
And deal is now dead. You can view the most bank account bonuses by clicking here.
Offer now live. Can see this deal being pulled early so sign up quickly if interested. Warning: According to the fine print the bonus doesn’t go live until September 7, 2021.
Offer at a glance
- Maximum bonus amount:Â $300
- Availability: DE, MD, NJ, PA, DC & VA only. May need to live in one of the counties
- Direct deposit required:Â None
- Additional requirements:Â See below
- Hard/soft pull:Â Soft. Make sure to opt out of overdraft protection
- ChexSystems:Â Yes.
- Credit card funding:Â Up to $500
- Monthly fees:Â None
- Early account termination fee:Â None
- Household limit:Â None listed
- Expiration date:Â November 30, 2021
Contents
The Offer
- Fulton Bank is offering a bonus of $225 when you open a new business checking bonus.
- Use promo code BCK500
- Deposit at least $3,000 of new money within 30 days of account opening
- Have a $3,000 minimum balance in your account on day 60 after account is opened
- Enroll in Small Business Online Banking within 60 days of account opening
The Fine Print
- To receive $300 cash bonus, your business must not currently have, nor have had, any business checking account with Fulton Bank in the last 12 months, and your business must do all of the following:
- (i) Open a new Business Checking, Business Premium Checking, or Business Interest Checking account between September 7, 2021 and November 30, 2021;
- (ii) Deposit a total of $2,000 or more in new money into your account within 30 days of opening the account. New money is defined as funds not currently on deposit with Fulton Bank by the account holder at time of account opening;
- (iii) Maintain minimum balance of $2,000 or more on day 60 after account opening;
- (iv) Complete a minimum of 10 business debit card purchases (includes in-store and online purchases), each totaling $10 or more, within 60 days after account opening (transactions must be posted to the account within the 60-day timeframe).
- The new business checking account must remain open, and account cannot have a negative balance at the time the bonus is credited.
- Bonus will be credited to the account within four to six weeks after meeting all offer requirements.
- We reserve the right to decline to open an account in our sole and absolute discretion.
- We will report the cash bonus amount to the IRS as interest for the year in which it was received.
- One cash bonus per business entity as identified by Taxpayer Identification Number (TIN).
- 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 no monthly fees to worry about.
Early Account Termination Fee
I can find no references to an early account termination fee on their website.
Our Verdict
Looks to be a good easy bonus with easy requirements, worth doing if you’re in an eligible area and you have a business. We will add this to our list of the best business checking bonuses.
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
For those who used sole prop/SSN and had no problems with the offer, did you have an existing personal login/account at the time you were approved for the business login?
My registration request was denied and the account was added to my personal login even though I deliberately did not check the radio button to allow that. So possibly if you have existing personals, you must use EIN, otherwise you can get away with SSN? Or maybe it just depends on who processes your request…
That happens all the time. You have to work with the banker to delete the personal profile (if no personal ac exists) and create a new business profile. I opened in bank and the banker worked with back office to fix it.
Thanks…I opened both the same day to combine chex hits, but registered for the personal first thinking it would help with the biz since I saw some people were having problems.
I did not have a personal account, no. And it was a huge headache to transfer money out, so I won’t be doing this one again!
Similar DPs as others.
2/26 – applied as sole prop with SSN & approved same day
3/6 – $3000 push from BoA (did in separate pushes; took a couple days to set up the online banking login)
3/17 bonus posted
DP:
applied: 2/21/25
approved: 2/26/25
transfer 3k from Fidelity: 3/4
pulled back from Sofi: 3/14
bonus received: 3/17
Did you use EIN or SSN?
SSN
How are people withdrawing funds from this? Can’t seem to link an external account and ACHs are $1.50
Sofi pulls from it easily
Having a hell of a time with this right now. Chase worked pushing, but flagged as fraud and wouldn’t let me pull. Trying with Fidelity now, but for the first time after linking 50+ accounts they’re making me upload a bank statement. Not really sure what the deal is.
I also don’t see how to link an account to push the funds out.
When was the last time you linked something from Fidelity? They’ve been doing this for non-EWS banks since last summer/fall.
If you have a personal account as well, you can transfer to there and then push out…I ended up doing that since they denied my biz login registration request and added the account to my personal despite specifically not ticking the radio button to do that.
I’ve been linking bank accounts pretty frequently since it’s my hub account. More common names than Fulton though. I closed out my personal last time I did the personal bonus.
Update – Fidelity would not link. It’s weird, I got an email from them verifying that it linked, but it never did.
USbank ended up working for the pull.
I had a similar linking issue with Fidelity, I think it was when linking M&T. It ended up linking but not usable through the app, you still would have to call to make transfers, at least that’s how I understood it. I think Fidelity has been cracking down since the debacle with all that fraud but I’m not sure. They certainly have been less useful as a hub for me in the last few months.
How are people withdrawing from this account? My bonus posted but I cannot add an external account to transfer to. ACH has a $1.50 fee…
Ding ding ding!
2/22 – Applied via DoC link as sole prop, using EIN. Not targeted in any way.
2/24 – Approved after a call requesting me to submit my EIN letter from IRS via secure upload. $50 CC funding on Fidelity 2% coded as purchase. Had to send a docusign, since I had a personal account I just did that bonus on, I was able to check an option to allow this account to show up on my personal login. Also got emails to create a separate biz login and was successful in doing so. Also was able to successfully link to Fidelity CMA.
3/10 – $3k push from Fidelity
3/12 – $3k pull from Fidelity
3/17 – $500 bonus posted as “Bus Cash Bonus 25 / MISC CREDIT”
Did you link Fido using Finicity or document upload? Did they care it was a biz account?
Their ACH service could be useful in meeting DD req at other bank. They charge $1.50 per ACH (payroll included).
I got my bonus yesterday and it was a quick one to post. I applied directly via link in DoC post.
2/25/25 Applied via google search link as Sole prop with EIN
2/26/25 Received email and phone call to upload EIN SS-4 form
2/27/25 Approved and signed up for online banking
3/03/25 Deposited $3k in branch
3/18/25 $500 Bonus posted on account
Thanks, similar timeline and mine is also post!
There’s no obligation to hold the $3,000 with them right? I don’t see that anywhere in the terms.
there is none i just did it for the 1,500 one to get $225 and i pulled it out right away
Do I need to unfreeze my 3 credit histories to apply?