[Expired] Live Oak Bank $150 Business Checking & $150 Business Savings Bonus

Deal has ended, view more bank account bonuses by clicking here.

Offer at a glance

Maximum bonus amount: $300
Availability: Nationwide
Direct deposit required: None
Additional requirements: See below
Hard/soft pull: Soft pull
ChexSystems: No
Credit card funding: No
Monthly fees: None
Early account termination fee: None listed
Household limit: None listed
Expiration date: March 31, 2023

Contents

1 The Offer
2 The Fine Print
3 Avoiding Fees
- 3.1 Monthly Fees
- 3.2 Early Account Termination Fee
4 Our Verdict

The Offer

Direct link to offer

Live Oak Bank is offering a bonus of up to $300 when you open a new checking & savings account. Bonuses are as follows:
- $150 Cash Bonus For Business Savings
  - Open a Live Oak business savings account between 2/15/23 and 3/31/2023.
  - Deposit at least $10,000 into your account by 3/31/2023.
  - Maintain a balance $10,000 or more for 90 days and watch your business savings grow with 3.50% APY
- $150 Cash Bonus For Small Business Checking
  - 1. Open a new Live Oak Bank business checking account between 2/15/2023 and 3/31/2023.
  - Deposit at least $2,000 into your new business checking account within 90 days of opening.
  - Make 20 qualified transactions within 90 days of opening your account. Must be at least $20+

The Fine Print

Bonus offer is only available to new business savings customers. One offer per business or per authorized signer. To be eligible for the $150 bonus offer, a new Live Oak Bank business savings account must be opened, approved and funded with at least $10,000 in new money by 11:59 p.m. ET on 3/31/2023.
A balance of $10,000 or more must be maintained for at least 90 days from the date of funding. Funds deposited by ACH, check, transfer, or wire must be drawn from an external financial institution to qualify. Deposits transfers originating from an existing Live Oak Bank Personal or Business account via internal transfer, CD redemption, check, ACH transfer, wire, or loan proceeds do not qualify for bonus offer.
This bonus offer is available to new business savings customers. The opening of a new account will be subject to approval. Only one bonus offer per customer, business or authorized signer, will be awarded. Eligibility will be limited based on account ownership. Deposited funds must be collected to be eligible towards bonus offer. The $150 cash bonus will be deposited to your open, eligible account within 45 days of the 90-day activity period ends. Live Oak Bank reserves the right to withdraw or withhold the bonus offer from any customer, with or without, notice if fraud or gaming is suspected.
The bonus payout may be subject to tax reporting. Fiduciary accounts (e.g., trusts) not eligible for this offer. Offer cannot be combined with any other savings offer and is limited to one bonus per account and per authorized signer.
Offer expires on 11:59 p.m. ET on 3/31/2023.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

The account has no minimums and no monthly fees.

Early Account Termination Fee

There is no EATF.

Our Verdict

Not as good as the recent $300 business checking bonus, that one had the same requirements as this $150 business checking bonus. I’m not sure if that will return or not but hopefully most readers did that one instead. We probably won’t add this one to the best bank bonuses until we see if they bring that bigger better offer back.

Hat tip to Bockrr

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