Offer at a glance
- Maximum bonus amount: $700
- Availability: TX
- Direct deposit required: No
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: None
- Monthly fees: $12, avoidable
- Early account termination fee: None
- Household limit: None
- Expiration date: AUGUST 1, 2023
The Offer
- Texas Capital Bank is offering a $700 bonus when you open a Select Business Checking Account or Elite Business Checking Account and complete the following requirements:
- Fund your account within 30 days with at least $10,000
- Complete at least 10 debit card transactions in three statement periods
- • Maintained the Small Business Relationship balance tier of $25,000.00 – $49,999.99 in each month of the Maintenance Period:
- $10,000.00 – $24,999.99 and earn $500 bonus
- $25,000.00 – $49,999.99 and earn $600 bonus
- $50,000.00 or greater and earn $700 bonus
The Fine Print
- Offer Period: May 1, 2023 – August 1, 2023
Offer Rules:- 1. Open a Select Business Checking Account or Elite Business Checking Account within the offer period.
- 2. Fund your Select Business Checking or Elite Business Checking account with $1,500 of new money to Texas Capital Bank within 30 days from account opening (the “Deposit Period”).
- 3. Complete 10 posted Debit Card and/or ACH transactions per month during the Maintenance Period on your Select Business Checking or Elite Business Checking account.1
- 4. Maintain a Small Business Relationship average monthly balance of a qualifying balance tier during the Maintenance Period.
- 5. Receive your qualifying Welcome Bonus tier
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
There is a $12 monthly fee, this is waived with an average collected balance of $1,500.
Early Account Termination Fee
As far as I know there is no EATF.
Our Verdict
Looks like you basically need to lock up the funds for three months to get the bonus. The $10,000 tier is by far the best return on your money. This works out to be a 20% annualized return. We will add this to our list of the best bank account bonuses.
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