Deal has ended, view more bank account bonuses by clicking here.
Offer at a glance
- Maximum bonus amount:Â $150 Visa gift card
- Availability:Â MO only
- Direct deposit required:Â None
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees:Â None
- Early account termination fee:Â $25, 90 days
- Household limit:Â None listed
- Expiration date:Â None listed
Contents
The Offer
- Hawthorn Bank is offering a bonus of a $150 Visa giftcard when you are referred, open a new business checking account and complete the following requirements:
- Completes two (2) or more ACH debits and/or ACH credits totaling at least $500
- Keeps the account open for at least 60 days
- Person referring you will also receive a $50 Visa gift card (up to 10 for a total of $500)
The Fine Print
- Please allow 4-6 weeks for delivery of your Reward Card after completing all requirements of this offer.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Small business checking account has no monthly fee.
Early Account Termination Fee
$25 fee is charged if the account is closed within 30 days of opening according to the fee schedule.
Our Verdict
If anybody has an account and can refer people, please share your referrals below. We will add this to our list of the best checking bonuses as it’s a soft pull to open.
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- Introduction To ChexSystems
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- 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?
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- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
The ReferLive link no longer works – they have switched to another referral system that looks like it requires you to have an account at Hawthorn since the terms state the referral bonus will be deposited into your checking account.
It also looks like I’ve stumbled on a $300 bonus for a personal checking account. 😀 I’ll send terms to
William Charles once I can verify it works.
ETA: Can verify that credit card funding up to $2000 permitted. I think all 4 types of cards were allowed, but I’ll go back and confirm.
Can someone provide more information about this bank? Do they accept OOS applicants? Do they pull Chex? Chex sensitive? Any CC funding? Etc. Thanks in advance!
killdozer 
pakacat
Im OOS, wasn’t able to get approved
Wait – if you weren’t approved, then how are you able to give a referral?
referlive still allows refering others. Ive had different bank accounts I was denied for but was still able to refer others to them through referlive. They send a prepaid card in the mail when you do.
Here is my link, best of luck: https://www.referlive.com/hawthornbankbiz/newcustform/13062985804eeb74b90958396df39e84e1b/0/109011645JXQGH2/10347085/ET
Thank you in advance! https://www.referlive.com/hawthornbankbiz/newcustform/130616d80dd964e4b438f8be982723286f5/4/1300156BPFXJYVF
Not sure why my link didn’t post, considering that the post explicitly asks to post referrals
Edit: link posted now
https://www.referlive.com/HawthornBankBiz/newcustform/1302547f470c4a643e88fabac90975733dd/14/1300156YEJ7DMU3
No hard pull. Most likely Chex, but will be another few months before I can get another report.
Thank you
If I opened an account and was approved could I then refer my wife and get the $150?
Do you still bank with them? You should post your referral link if you do.