Deal has ended, view more bank account bonuses by clicking here.
Offer at a glance
- Maximum bonus amount:
- Availability: Must be a resident of Pennsylvania or Ohio. Need to live close to a branch (possibly within 25 miles)
- Direct deposit required: None
- Additional requirements: None
- Hard/soft pull: Soft
- ChexSystems: Unknown
- Credit card funding: Up to $100
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None listed
- Expiration date: September 30, 2021
Contents
The Offer
- S&T Bank is offering a bonus of up to $300 when you open a new basic business account. Bonus is broken down as follows:
- Fund account with at least $1,000 within 5 business days
- Account must have a daily balance of $1,000 or more until November 1, 2021
The Fine Print
- To qualify for the $300 incentive, a new Basic Business Checking account must be funded with a $1,000 balance within the first 5 business days of account opening. Account must be opened between July 1, 2021 and September 30, 2021.
- Business checking account must have a daily balance of $1,000 or more until November 1, 2021, to receive incentive.
- Business must also apply, receive and activate an S&T Bank business debit card that is associated with the new Basic Business Checking account by November 1, 2021.
- Account will receive $300 incentive on November 10, 2021.
- Account must remain open until November 10, 2021, to receive incentive.
- New account will not be eligible for offer if any signer has signing authority on an existing S&T Bank business checking account or has closed an account within the past 90 days or has been paid a promotional premium in the past 12 months.
- If multiple accounts are opened with the same signers, only one account will be eligible for the incentive.
- Estate accounts are not eligible for this promotion.
- 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
Previously accounts need to be kept open for six months.
Our Verdict
Better than the previous $350 bonus offered as the requirements are easier. Seems to be a great bonus and will be adding this to our list of the best bank account bonuses.
Hat tip to ChurningFast
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
Opened in Q4 22 and got my $600 biz bonus on 2/16. Elavon also sent everyone a $100 VGC for the year.
Deal is back for S&T Business bank bonus and now $600. Expires on June 30th William Charles Chuck
Link: https://www.stbank.com/specials/q2-22-always-on-checking-business/
Requires payment processing 🙁
Looks like this was extended to June 30th. See the link below Chuck William Charles
https://www.stbank.com/specials/aoc-w-pa-open-an-account/?utm_source=gre&utm_medium=dm&utm_campaign=42767
Chuck William Charles Opps, I accidently posted this on the business post, not the personal. the link above is for the personal
Although I was able to complete an online application, ChexSystems blocked me per email from the bank’s rep.
Please update “What Banks & Credit Unions Do/Don’t Pull ChexSystems?”
Anyone who lives in NJ open this? I have PA/NJ addys, but only a NJ driver license. My biz is in PA.
Use a passport for KYC?
I always misread this bank as Sh!t Bank.
What about this “Elavon” stuff requirement?
I’m the one who sent this in. This is a public offer advertised openly in branches. Not possible to open online, but there is no restriction about living near a branch. You can simply drive to a branch and open. They allows sole props with just a license, at least in PA.
thanks!
Looks like no way to open this business account online?
One key note from another recent S&T Bank promotion: while there was a publicly accessible link, the offer was targeted only to people who received a mail offer (the URL wasn’t meant to be available to everyone).
Was thinking the same thing, wonder if this is targeted like that one was