Offer at a glance
- Maximum bonus amount: $200 or $400
- Availability: FL only
- Direct deposit required: No
- Additional requirements: Deposit and maintain $5k or $10k for 60 days
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: Avoidable
- Early account termination fee: Unknown
- Household limit: None listed
- Expiration date: None listed
The Offer
- First Federal Bank is offering a business checking bonus of up to $400:
- Earn $200 with a $5,000 opening deposit or $400 with a $10,000 opening deposit
- Balance must be maintained for 60 days
The Fine Print
- $400 Checking Bonus limited to new business customers who deposit at least $10,000 or more of new money into a business checking account at time of opening. Balance must be maintained for at least 60 days 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
Keep a $1,500 daily balance or $15,000 loan relationship to waive the service charge. Use eStatements, save $2 per month
Early Account Termination Fee
I wasn’t able to find a fee schedule.
Our Verdict
Seems like an easy bonus worth doing and a much better return than current high yield savings accounts.
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