Opening A Bank Account For Your Business? Might As Well Get Paid For It!

October 13, 2017 / Published in Web resources

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For accounting purposes, all businesses have a separate bank account. It makes it easy to track purchases, make payments, manage payroll, etc. So, it makes sense to have a designated bank account, just for the business. And in today’s competitive world, banks are vying for your business. And to sweeten the deal they are offering business owners monetary incentive to open a business checking account with them. So, if you are looking to open a new business checking account, check the incentives offered by these banks out. Why not get paid for something that you are going to do anyways? Even though the offers have an expiry date, they are usually renewed by the banks. So, if you happen to read this post past the offer end-date, we recommend that you still check with the banks to see if they have renewed their offer.

Chase Bank

Account type: Chase Total Business Checking
Terms of the offer: $200 incentive when you deposit $1,000 within 10 business days of account opening, maintain that balance for 60 days and complete five qualifying transactions within 60 days
Time frame for receiving the reward: 60 days
Amount required to open the account: $1,000
Minimum balance required: $1,500
Offer end-date: 12/29/2017

Capital One

Account type: Business Advantage Savings Account
Terms of the offer: Customers that are new to Capital One Business Advantage Savings who maintain an average daily balance of at least $25,000 for each month during the six months after the month the account is opened will receive one payment of $100.
Time frame for receiving the reward: 6 months
Amount required to open the account: $250
Minimum balance required: $250
Offer end-date: 11/3/2017

Wells Fargo

Account type: Wells Fargo Business Choice or Platinum Business checking account
Terms of the offer: Open an account with $25 and deposit cumulative total of $500 to earn $300
Time frame for receiving the reward: 60 days
Amount required to open the account: $25
Minimum balance required: $500
Offer end-date: 12/31/2017

Bank of America

Account type: Bank of America business Fundamentals checking
Terms of the offer: To Earn the Initial $100 Checking Account Bonus:
1. Open a new Bank of America Business Fundamentals Checking or Business Advantage Checking account by December 31, 2017
2. make at least $1000 in Qualifying Deposits into that new business checking account within 60 days of account opening
Time frame for receiving the reward: 60 days
Amount required to open the account: None
Minimum balance required: Deposit $1,000 in first 60 days
Offer end-date: 12/31/2017

PNC Bank

Account type: New Business Checking Account
Terms of the offer: $200 incentive for opening a new Business Checking Account
Time frame for receiving the reward: 90 days
Amount required to open the account: $100
Minimum balance required: $1,500
Offer end-date: 12/31/2017

We hope this information helps you in taking advantage of some of these offers and put a little extra cash in your pocket. After all you are giving business to these banks, so why not get rewarded by them in return? Have you opened a business checking account wherein you received a monetary reward? Do you know of other banks that offer such incentives? Do tell us and our readers in the comments section below.

A penny for your thoughts!