Offer at a glance
- Maximum bonus amount:Â $150
- Availability:  AL, AR, FL, GA, IL, IN, IA, KY, LA, MS, MO, NC, SC, TN & TX. Note that opening online doesn’t seem to work in some areas, according to some, you need to live within 50 miles of a branch. [Branch locator]
- Direct deposit required:Â None
- Additional requirements:Â See below
- Hard/soft pull:Â Soft
- ChexSystems: Unknown
- Credit card funding:Â Up to $1,000 (and another $1,000 when you open a free savings account). American Express not accepted.
- Monthly fees:Â $5-$10, avoidable
- Early account termination fee: $25, 180 days
- Household limit:Â None
- Expiration date:Â None listed
Contents
The Offer
No direct link, you must use a referral link. DO NOT share your referral links in the comments. You can share and find them on this linked post.
- Open a new Regions Bank business checking account and receive a $150 Visa Rewards card when you complete the following requirements:
- Open with an initial deposit of $500 within 90 days from the e-mail or social media communication initiated by the referrer, keep the new account open and in good standing for at least 60 days, AND
- Complete the following within 60 days after account opening
- Have one (1) Visa® Business Check Card purchase, AND
- Sign up for Online Banking with Online Statements which requires you to have either a Social Security or Taxpayer Identification number.
The Fine Print
- This Reward Card offer is not available if the referred Business already has a Regions checking account, and may not be combined with other offers.
- The processing and delivery of the Reward Cards may take 4-6 weeks after all conditions are met.
- When opening the Regions business checking account, the referred Friend or Business must provide the same email address that was used to register with ReferLive.
- This program may be discontinued or changed at any time without notice.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
LifeGreen Business Simple Checking – $5 Monthly Fee
The monthly fee on this account is waived with
- At least $500 in Regions Business CheckCard and/or Business Credit Card purchases
LifeGreen Business Checking – $10 Monthly Fee
The monthly fee is waived if you do any of the following:
- $2,500 average monthly statement balance
- At least $1,000 in Regions Business CheckCard and/or Business Credit Card Purchases
- At least one Regions Merchant Serivces transaction credited to this account
Our Verdict
They also have a $200/$250 personal checking bonus. I don’t think we’ve ever seen a bonus for the business checking accounts, but I might be wrong about that. Seems like a pretty bonus to met, just complete a debit card transaction set up eStatements and keep a deposit of $2,500 to keep the account fee free. Because of that I’ll be adding it to our list of the best business checking bonuses.
Big thanks to reader, Curmudgeon who let us know. Learn how to find bonuses and contribute to the site here.
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
