This checking bonus has expired and is no longer available. Click here for a list of the best checking bonuses.
Offer at a glance
- Maximum bonus amount: $100
- Availability: NY only
- Direct deposit required: No
- Additional requirements: See below
- Hard/soft pull: Soft
- ChexSystems: Unknown
- Credit card funding: Cannot be funded with a credit card
- Monthly fees: Unknown
- Early account termination fee: Unknown
- Expiration date: December 31st, 2017
The Offer
- Ridgewood Savings Bank is offering a $100 bonus when you open a new business checking account and complete the following requirements:
- $50 when you activate and use a Ridgewood Savings Bank Business Debit Card and complete 5 debit card transactions
- $25 when you bring your current checks from another financial institution (5 or more)
- $25 when you bring your current Business Debit Card from another financial institution
The Fine Print
- Offers available to businesses located in New York only.
- New business customer must mention this offer at the time of account opening.
- Offer valid for new business customers with funds not presently on deposit at Ridgewood Savings Bank.
- Ridgewood will credit $50 into your Small Business Checking account upon the completion of 5 Business Debit Card purchases within 45 days of account opening.
- Ridgewood will credit $25 into your Small Business Checking account upon the receipt of 5 or more unused business checks from another financial institution.
- Checks must be in the same title as the new account established.
- Ridgewood will credit $25 into your Small Business Checking account upon the receipt of a Business Debit Card from another financial institution. The Debit Card must be in the same title as the new account established.
- Certain restrictions and exclusions apply.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
I couldn’t find any mention of an early account termination fee in their fee schedule, so I’m going to assume there isn’t one. I’m unsure what the monthly fee on the business checking account is.
Our Verdict
They have offered $200 personal checking bonuses in the past as well, but it looks like they are no longer offered currently. This isn’t a terrible deal if you have the other checks and business debit card required, but it’s still a lot of work for only a $100 bonus. Because of that I won’t be adding it to the best checking bonuses.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- 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
- Bank Bonus Posting Times
View Comments (1)
There's one near my home. I won't bother trying especially the $100 breaks down into 3 parts. If you don't already have a business checking account outside Ridgewood Saving Bank you would be only getting $50 because no business checks or business debit card.