This bonus has now expired, you can view the best checking bonuses here.
Offer at a glance
- Maximum bonus amount: $125
- Availability: Offer available in Oklahoma area banking centers only. [Branch lcoator]
- Direct deposit required: No
- Additional requirements: Yes, see below
- Hard/soft pull: Soft
- ChexSystems: Unknown
- Credit card funding: None
- Monthly fees: Avoidable
- Early account termination fee: Account must be opened at time of bonus posting, 110 days after opening
- Household limit: None mentioned
- Expiration date: March 31st, 2017
The Offer
- Open a new MidFirst Business checking account and receive a bonus of $125 when you do the following within 90 days:
- Maintain a year-to-date average ledger balance of at least $500
- Enroll in business online banking, either iManage Business Express® (iMBX) or iManage Business Banking® (iMBB)
- Receive an additional $50 bonus when you open and use a new business credit card
The Fine Print
- Offer available in Oklahoma area banking centers only.
- Offer is limited to a business relationship with no existing or previous MidFirst business checking account.
- Offer valid for accounts opened 1/2/17 – 3/31/17.
- Offer subject to change without notice and is not valid with any other offers.
- Limit one promotional account per business relationship.
- Offer opportunity is $125 when requirements are met within 90 days of account opening: (1) Maintain a year-to-date average ledger balance of at least $500; and (2) Enroll in business online banking, either iManage Business Express® (iMBX) or iManage Business Banking® (iMBB).
- Account must remain open, active, and in good standing at the time of account credit.
- Accounts closed within 90 days of opening may be subject to an account closing fee and will forfeit amount equal to the offer value.
- Account will receive promotional credit within 110 days from account opening.
- IOLTA accounts are not eligible for the promotion.
- Account and related services are subject to the standard pricing per the Fee Schedules for Business or Commercial Checking Accounts, and Treasury Management and Online Banking Services. Additional fees may apply.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Easiest account to keep fee free is the basic business checking account, there is no monthly fee with average monthly ledger of $500+ and eStatements. You need to keep the account open for 90 days to avoid an early account termination fee, it also needs to be open for 110 days for the bonus to post.
Our Verdict
The credit card bonus isn’t worth considering due to the fact it’s for $50 and it’ll be a hard pull (much better credit card cash sign up bonuses). The rest of the bonus is OK, definitely not the best business checking bonus. If you go for it, let us know what sort of business info they required.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- 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
