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Offer at a glance
- Maximum bonus amount: $500
- Availability: FL only, in branch [Branch locations]
- Direct deposit required: No
- Additional requirements: Deposit $1,000
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: Up to $1,500
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None listed
- Expiration date: None listed
Contents
The Offer
- First Home Bank is offering a bonus of $500 when you open a new business checking account and complete the following requirements:
- Open account and get a $250 bonus
- Deposit $1,000 within 30 days of account opening and get another $250 bonus
The Fine Print
- To qualify for the $350 bonus, you must be a new First Home Bank business checking customer and qualified to open a checking account in accordance with our normal standards.
- You must make a cumulative deposit of at least $2,000 within the first 30 days of account opening. Your account must remain open in order to receive the $350 bonus, which you will receive within 30 days of meeting the offer requirements.
- This offer cannot be combined with any other offers or coupons and may be changed at any time.
- All other account terms pertaining to the particular checking account you choose will apply, including the minimum balance to open an account, which is $100.
- This offer applies to business accounts only.
- The $350 bonus will be reported to the IRS in accordance with applicable law.
Avoiding Fees
Monthly Fees
It looks like there is no monthly fee, but they will charge you $15 if you’re a high volume activity account?
Early Account Termination Fee
I wasn’t able to find any fee schedule, so I’m unsure if there is any early account termination fee or not.
Our Verdict
Nice big bonus and the requirements are super easy to meet as well. As far as I know they have only ever offered personal checking bonuses (none are currently offered) so unsure what type of business documents they require. Definitely worth considering if you live near a branch. As always please share your experiences in the comments below.
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View Comments (25)
@will Currently expired
Did anyone get the $250 after 30 days? It’s been almost 60 days and the second part of the promotion hasn't posted.
@guest_1299055 I received the first $250, but not the second. I should get it late next week.
Well, I just looked up the offer. It looks like this offer expires 30 October 2021. (I guess it just opened on 22 October). I'm going to try today to get this bonus!
@will I was able to open a sole proprietor business account over the phone. Didn't need to provide any business documents.
@guest_1266071 Thanks for the DP. Are you a local resident within their physical branch footprint or just a FL resident outside of St. Pete and Tampa?
@guest_1267560 Way across the state. I'm not near any branch. I opened a personal account over the phone about 2 weeks or so ago, so I called the branch and was able to open the business account.
@guest_1266071 Which branch did you call?
Pinellas Park branch
Thank you @guest_1266071
You only need to deposit 1000 dollars per the flyer.
Is the bonus $500 or $350?
$500
Iam currently waiting on the personal checking account bonus payout. Can I sign up for this bonus as well? I have a EIN.
@guest_1265779 Keep us updated on whether you receive the personal checking bonus automatically. Opened mine on Sept 23rd and still no bonus yet after my DD posted shortly thereafter.
@guest_1265779 Yes.
Currently waiting on payout from personal checking account from them. Can I sign up for this bonus? I have a EIN
Ehh, west coast. Not worth the trip.
EAST SAYDE!
Calling them is really a PITA. They don’t know how to apply, and I saw they have a biz and personal credit card with around $250 annual fees. I asked the rep about it but he didn’t k ow about them either, ran through third party.
Some of these small banks are the biggest goofballs.