This bonus has expired, but plenty of other great checking bonuses. Click here to view the best ones still active.
Offer at a glance
- Maximum bonus amount:Â $350
- Availability:Â Must open in branch, most locations are in Pennsylvania. I think there is one in Ohio. [Branch locations]
- Direct deposit required:Â No
- Additional requirements:Â See below
- Hard/soft pull:Â Soft
- ChexSystems: Unknown
- Credit card funding:Â Up to $100 online, unsure if possible in branch
- Monthly fees:Â None
- Early account termination fee:Â Unsure but account must be kept open until February 15th, 2018
- Household limit:Â None listed
- Expiration date:Â November 30th, 2017
The Offer
- S&T Bank is offering a bonus of up to $350 when you open a new basic business account. Bonus is broken down as follows:
- $200 bonus: Open a new basic business checking account with a balance of $5,000 by November 30th, 2017
- $50 bonus: Add an S&T business debit card by December 20th, 2017
- $50 bonus: Enroll in Business Online Banking by December 20th, 2017 and remain active until February 10th, 2018
- $50 bonus: Open Remote Deposit Capture service by December 20th, 2017 and remain active until February 10th, 2018
The Fine Print
- To qualify for the $200 incentive, a new Basic Business Checking account must be opened with a $5,000 balance between November 1 and November 30, 2017. Business checking account must remain open with a positive balance in order for you to receive incentive, which will be credited to the eligible account by February 15, 2018.
- 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.
- To qualify for the additional $50 rewards, business must apply, receive and activate an S&T Bank business debit card that is associated with the new Basic Business checking account by December 20, 2017
- When business enrolls new business checking account in Business Online Banking by December 20 and remains active until February 10, 2018, $50 incentive will be added to your incentive amount on February 15, 2018
- To receive additional $50 incentive offer for Remote Deposit Capture, business must open Remote Deposit Capture service by December 20, 2017 and remain active until February 10 to receive $50 incentive by February 15, 2018
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Account must be kept open until February 15th, 2018. This is when the bonus will post. The basic business account is a free checking account (up to 500 items per month). I’m unsure if there are any fees for remote deposit capture.
Our Verdict
Seems like a great deal if you live near a branch. None of the requirements are particularly hard to meet apart from the original deposit of $5,000. It looks like you can remove that initial deposit and still get the bonus as long as you maintain a positive balance (confirmed here). I’ll definitely be adding this to the best business checking bonuses. Please share your experiences going after this bonus in the comments below.
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
