Deal has expired, view the best current checking bonuses by clicking here.
Offer at a glance
- Maximum bonus amount: $125 in gift cards
- Availability: Must live or work in Baker, Clay, Duval, Flagler, Nassau, Putnam or St. Johns counties in Florida
- Direct deposit required: No
- Additional requirements: None
- Hard/soft pull: Unknown
- Credit card funding: Unknown
- Monthly fees: $12.95-19.95, avoidable
- Early account termination fee: $10 if closed within 6 months
- Expiration date: None listed
Contents
The Offer
- Open a Premier or Connections Business Checking account with Community First Credit Union and get a $25 gift card to one of four restaurants (Applebee’s, Chili’s, Red Lobster or Olive Garden) and $100 hotel cash (it’s actually $100 off a two night or more stay).
The Fine Print
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
There is an opening fee of $5 which is unavoidable, this is put into your share account. According to their fee schedule there is an early account termination fee of $10 if you close the account within 6 months of account opening. There are two accounts you can open:
Connections Business Checking $19.95 Monthly Fee
Waived if you do any of the following:
- 25 monthly debit card transactions or
- a combined average of $10,000 in business deposit balances (shares, money markets, CDs) or
- have a combined business loan of at least $50,000
Premier Business Checking $12.95 Monthly Fee
Waived with $5,000 average monthly balance to avoid monthly fee.
Our Verdict
I’m a bit wary of the $100 in hotel cash as they don’t say who the offer is with and if there are any other requirements other than it having to be a two night stay, it does say it can be used at 200,000 hotels nationwide – but that’s not exactly a lot and it’s also impossible to tell if they will be overpriced. Because of that I can’t recommend this bonus, especially when there are much better business bank bonuses out there.
If you complete this offer, please share what you find out in the comments below.
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