Offer at a glance
- Maximum bonus amount: $1,000
- Availability: CO
- Direct deposit required: No
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Yes
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: $10, six months
- Household limit: None listed
- Expiration date: None listed
The Offer
- Air Academy Credit Union is offering a $1,000 bonus when you complete the following requirements:
- Open an Interest-Bearing Business Checking or a Free Business Checking account
- Within 30 days of account opening deposit a balance of $5,000 or $25,000
- Maintain an average daily balance of $5,000 ($500 bonus) or $25,000 for 60 days ($1,000 bonus)
The Fine Print
- To receive the $500 bonus, open an Interest-Bearing Business Checking account or a Free Business Checking account and: (a) deposit $5,000 within the first 30 days; (b) maintain an average daily balance of $5,000 for 60 days. To receive the $1,000 bonus, open an Interest-Bearing Business Checking account or a Free Business Checking account and: (a) deposit $25,000 within the first 30 days; (b) maintain an average daily balance of $25,000 for 60 days. Bonus will be credited into your business checking account within 2 business days after meeting the requirements. Offer valid on business accounts only and limited to 1 account per member. Bonus is considered taxable income. Must mention offer at time of account opening for bonus eligibility. Offer not valid for current Business Checking account holders or members with accounts closed within the past 180 days. Accounts closed within 180 days of account opening will be charged a $10 early closure fee. Cannot be combined with another checking account offer or used for an existing checking account; only one offer per member. Offer subject to change without notice. Restrictions and requirements apply. Must be a business registered in Colorado to qualify.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Free business checking has no monthly fees to worry about.
Early Account Termination Fee
According to the fee schedule there is an early account termination fee of $10 if closed within six months of account opening.
Our Verdict
This works out to be an APY of 24% on the $1,000 bonus. Definitely worth doing although you need to call in to do it. Will add to the best bank account bonuses.
Hat tip to reader Gadget
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