Deal has expired, view more bank account bonuses by clicking here.
Offer at a glance
- Maximum bonus amount: $300
- Availability: Can only open accounts in branch. All branches are in MA. [Branch locations]
- Direct deposit required: No
- Additional requirements: 15 transactions
- Hard/soft pull: Soft pull
- ChexSystems: Yes, looks to be ChexSystems sensitive as well
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: None mentioned
- Household limit: None
- Expiration date: November 25th & 27th only
The Offer
- Cambridge Savings Bank is offering a bonus of $300 when you open a new business checking account on November 25th or November 27th and complete the following requirements within the first 60 days:
- Open a new BizFree, BizPro or BizPlus Checking Account
- Make 10 transactions
The Fine Print
- Offer good for new to bank business checking customers only. Open a new BizFree, BizPro or BizPlus Checking Account on November 25, 2017 or November 27, 2017 and make 10 transactions within the first 60 days after your account is opened and we will credit your account within 90 days of account opening.
- Account must be open for 90 days and must be open at the time the credit is paid.
- No minimum balance is required to receive the credit. The value of this credit is $300.00 and will be reported as interest.
- Offer is valid as of 11/25/17 and may be withdrawn at any time. This special offer cannot be combined with any other offer.
- The BizFree, BizPro and BizPlus Checking Accounts have a $100 minimum account opening deposit. 0.50% Annual Percentage Yield (APY) effective as of 11/1/17 offered on BizPlus Checking only and subject to change without notice.
- All other rules and regulations for business checking accounts apply.
Avoiding Fees
The BizFree checking account has no monthly fee to worry about and you can make up to 125 transactions fee free as well. I wasn’t able to find any mention of any early account termination fee in the fee schedule.
Our Verdict
Best previous offer was for $200. It’s nice to see some people still offering bonuses for small business saturday now that American Express has given up. Worth doing if you live near a branch, I’ll add this to the best business checking bonuses.
Big thanks to reader, Curmudgeon who let us know. Learn how to find bonuses and contribute to the site here.
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- Introduction To ChexSystems
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View Comments (4)
@will Looks like they're doing a similar bonus this year. Only $200 this time and you have to complete the requirements for three months after opening.
https://shopsmall.cambridgesavings.com/
Opened an account this morning. No issues, it was a very smooth process. I have opened up 10+ bank accounts this year. They did do a credit check - Risk ID I think she said. It gives a pass or fail rating, that's it. Thanks Will and Curmudgeon!
This does pull ChexSystems and is Chex Sensitive! I was denied in branch the last time this was around. I always have about 15 Chex inquiries in the last 12 months.
Getting denied in-branch is very rare. Normally the bankers are willing to look past the number of inquiries if everything else checks out. That should make this bank ultra-sensitive!