[TX, OK] First United Bank $300 Business Checking Bonus

Update 6/3/24: Deal is back and valid until 9/30/2024

Update 4/24/22: Deal is back, modified the link and a few details below. (ht alopez14)

Offer at a glance

• Maximum bonus amount: $300
• Availability: TX/OK [Branch locations]
• Direct deposit required: None
• Additional requirements: No
• Hard/soft pull:  Soft 
• ChexSystems: Unknown
• Credit card funding: Yes, up to $200. Visa, Mastercard & Discover accepted. (unlikely to be available in branch)
• Monthly fees: None
• Early account termination fee: $10, 60 days
• Household limit: Limit one bonus every 2 years
• Expiration date: November 17th, 2018 October 30, 2020 May 31, 2022

The Offer

Direct link to offer

• First United Bank is offering a bonus of $300 when you open a new business checking account and complete the following requirements:
  • Maintain a minimum average daily balance of $1500 from 10/1/2024 through 10/31/2024
  • Use your First United Business Debit Card for debit card purchases at least 10 times during the first 30 days from time of account opening
  • Sign up for e-statements during the first 30 days from time of account opening

 

The Fine Print

• Offer applies for new business checking accounts opened between 3/07/2022 through 5/31/2022. Account will be credited by 07/15/2022. To receive the credit, account must be open at the time of payout.
• Offer is subject to change without notice. The offer is subject to the applicable terms and conditions, fee schedule and electronic funds transfer agreement.
• Limit 1 bonus per business every 2 years.
• Bonus may be subject to 1099 reporting, please consult your tax adviser.
• First United employees and immediate family members are not eligible.

Avoiding Fees

Monthly Fees

They offer a free checking account with no monthly fees

Early Account Termination Fee

I wasn’t able to find a fee schedule so I’m unsure if there is any early account termination fee. There is a $10 fee on the personal account, so not sure if something similar applies. Update: Looks like it does.

Our Verdict

Apparently the flyer isn’t needed in branch to open the account and get the bonus. It’s available at all branches. We’ve seen a $100 bonus on a personal checking account but not on a business account. Might be worth doing if you live near a branch and have an eligible business. If anybody decides to sign up then please share your experiences in the comments below. I’ll be adding this to our business checking bonuses.

Big thanks to reader, TW who let us know. Learn how to find bonuses and contribute to the site here.

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