[WI only, In Branch] WaterStone Bank $300 Business Checking Bonus

· Credit · By ReportWire

Update 2/8/26: There is now a $300 and $500 bonus, but accounts need to be opened in branch. Looks like there is also a veterans only bonus that is bigger/easier to meet the requirements for. Hat tip to reader snailrock

Update 11/21/25: Bonus now $300 (increased from $250). 

Offer at a glance

  • Maximum bonus amount: $250
  • Availability: WI only
  • Direct deposit required: No
  • Additional requirements: See below
  • Hard/soft pull: Soft pull
  • ChexSystems: Unknown
  • Credit card funding: Unknown
  • Monthly fees: None
  • Early account termination fee: 90 days, $30 fee
  • Household limit: One
  • Expiration date: None listed

The Offer

Direct link to offer

  • WaterStone Bank is offering a $300 bonus when you open a new business checking account and complete the following requirements:
    •  $2,500 Average Balance
    • Check or ACH Positive Pay Enrollment
  • $500 bonus with the following requirements:
    •  $5,000 Average Balance
    • Check or ACH Positive Pay Enrollment
    • ACH Origination Enrollmen

 

The Fine Print

  • ^Business Checking bonus offerer requires a new WaterStone Bank SSB (WSB) Business Checking account and requires account to be open and active for the entire statement cycle* in order to qualify for the bonus. Business Checking account requires $100.00 minimum
    balance to open the account and does not pay interest.
  • Offer(s) applies to new checking account customers only and does not apply to individuals that closed a WSB checking account within the past 180 calendar days.
  • Offer is redeemable at any branch location, cannot be combined with other offers, is limited to one per customer and is not valid to individuals that received an incentive under another
    offer in the past 5 years.
  • For tax reporting purposes, a 1099 form may be issued at yearend for recipients of bonuses.
  • A statement cycle may be from the First day of a month to the last day of that same month.
  • To determine your statement cycle please ask your  Personal Banker at time of account opening.
  • Bonus will be paid on the last day of the First full statement cycle.
  • Offer is limited to one per customer or household. Account must be open and active for 180 calendar days, or a $30.00 closing fee may be assessed at account closing.
  • See Account Disclosure for more information. Offer subject to change at any time.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Business Essential Checking is the easiest to keep fee free. This has a $15 fee that is waived with:

  • Daily Balance of $200.00 or Average Daily Balance of $500.00

Early Account Termination Fee

$30 fee if account is closed within 180 days of account open

Our Verdict

Terms don’t really say what you have to do keep the account active.

Useful posts regarding bank bonuses:

William Charles

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