Update 6/29/24: There is now an additional $150 bonus.
Offer at a glance
- Maximum bonus amount: $150
- Availability: FL only
- Direct deposit required: No
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: None
- Monthly fees: None
- Early account termination fee: None
- Household limit: One per business
- Expiration date: April 30th, 2017
The Offer
Direct link to offer | $300 offer
- Space Coast Credit Union is offering a $150 bonus when you open a new free business checking account and complete the following requirements:
- Mention the promo code BIZCHECKING
- Open account with an initial deposit of $500
- Complete 30 transactions within 30 days of account opening
- To qualify for $300, in addition to the requirements mentioned above, must deposit and maintain a minimum daily balance of $10,000 for the first 90 days from account opening date
The Fine Print
- 150 Offer: Promo code APRBIZ must be mentioned at the time of account opening.
- Offer applies to new checking account type of Free Business Checking with $500 opening deposit between April 1, 2017 through close of business on April 30, 2017.
- Limit one per business.
- Offer may be withdrawn at any time.
- To qualify for the $150 promotion, member must make an initial deposit of $500 and complete ten transactions within 30 days of account opening.
- Allow 60 days from final transaction to receive the incentive funds, which will be directly deposited into the Free Business Checking account. Funds may not be used for initial account deposit.
- May not be combined with any other offer. Offer does not apply to current SCCU business checking members. Certain restrictions apply. SCCU employees do not qualify.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
This account has no monthly fees, I also saw no mention of any early account termination fee in the fee schedule.
Our Verdict
Not a bad deal if it turns out to be a soft pull as it’s easy to meet the bonus requirements and there is no monthly fee to worry about at all. If anybody goes for this bonus, please let us know in the comments below. For now it won’t be added to the best checking bonus page.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- 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
Note the terms and fees:
Minimum Opening Deposit$4,500
Minimum Daily Balance$4,500
Monthly Low Balance Fee$25/mo
Does anyone know if it’s a hard pull & does sole proprietor work?
Link is not working
“We’re Sorry, but the Requested Page Cannot be Found”
This should be the link:
https://www.sccu.com/small-business/business-checking/business-interest-checking
GET $300 when you open a FIRST, NEW Business Interest Checking account with qualifying activities! Must mention promo code BIZCHECKING at time of account opening. Offer valid 06/01/24 – 06/30/24.
Only $150 for the Free Business Checking:
https://www.sccu.com/small-business/business-checking/free-business-checking