[MA] Cape Ann Savings Bank $200 Business Checking Bonus

Offer at a glance

• Maximum bonus amount: $200
• Availability: MA,
• Direct deposit required: None
• Additional requirements: No
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: None
• Early account termination fee: Unknown
• Household limit: None
• Expiration date: May 1, 2023

The Offer

Direct link to offer

• Cape Ann Savings Bank is offering a $200 checking bonus when you open a new business checking account and complete one of the following requirements within 90 days of account opening:
  • Have 2 Mobile Deposits OR
  • 15 Debit Card purchases, totaling $300.00 or more OR
  • 3 recurring transfers from your new Business or Corporate Checking to a Business Statement Savings

The Fine Print

• Qualifying Business Checking Accounts (Sole Proprietor/Non-Profit Organization NOW Account or Corporate Checking Account) will have at least two Mobile deposits within the first 90 days, or will have 15 Debit card purchases, totaling $300.00 or more in the first 90 days, or will have 3 recurring transfers from your new Business Checking Account (Sole Proprietor/Non-Profit Organization NOW Account or Corporate Checking Account) to a Cape Ann Savings Bank Business Statement Savings Account with the same tax reporting owner within the first 90 days.
• Additional exclusions may apply.
• Bonus is valid for new Business Checking Accounts (Sole Proprietor/Non-Profit Organization NOW Account or Corporate Checking Account) opened in person at The Gloucester Crossing Branch. Located at 4 School House Road Gloucester, MA 01930, when the “Win Cash Back Bonus” is mentioned prior to May 1, 2023. Bonus is valid for Business Checking Accounts (Sole Proprietor/Non-Profit Organization NOW Account or Corporate Checking Account) only, for first time Cape Ann Savings Bank Business Checking Account customers. Bonus will be deposited to Qualifying Business Checking Accounts (Sole Proprietor/Non-Profit Organization NOW Account or Corporate Checking Account) in good standing***on the first business day after the 90th day from account opening. Bonus will be applied one time, even if all three qualifications have been met. There is a $10.00 minimum deposit required to open the account and you must Maintain at least a $10.00 minimum daily balance to earn the disclosed APY on the Business Sole Proprietor/Non-Profit Organization NOW Account, there is no minimum balance requirement to earn the bonus. The Business Corporate Checking Account is a non-interest-bearing account.
• The Business Corporate Checking Account is a free non-interest-bearing account. Bonus recipients will receive a 1099-int (Business Sole Proprietor/Non-Profit Organizations NOW Account) or a 1099 Miscellaneous (Business Corporate Checking Account)
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has no monthly fees to worry about

Early Account Termination Fee

I wasn’t able to find a fee schedule so unsure if there is any EATF.

Our Verdict

Need to know if it’s a hard or soft pull to open.

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