Available in a small portion of Florida, First Federal Bank is offering up to a $400 welcome bonus when you open a new business checking account and deposit new money. This is a tiered offer, the more you can deposit, the more you can earn.
One very important thing to note is that only the first 50 businesses that qualify for the offer will be awarded the bonus. We'd suggest acting fast if you're in their footprint.
How To Earn The Bonus
The First Federal Bank Business Checking promotion requires you to deposit and maintain a minimum balance in order to earn the up to $400 bonus (step-by-step breakdown is listed above!).
As with any offer, don't forget to read the fine print before opening your new account. It's where the bank will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.
The fine print
- First order of checks are free (up to a $200 value).
- One (1) offer (up to $400) per business account; cannot be combined with any other offer.
- Offer limited to the first 50 customers who meet the criteria.
- Bank transfers from an existing personal or business First Federal Bank account do not qualify.
- Offer not valid to anyone whose accounts have been closed within 90 days, or whose accounts closed with a negative balance within the past three years.
- If the account is closed by the customer within 6 months after account opening, First Federal Bank reserves the right to deduct the bonus amount from that account at closing.
- Limited time offer.
Open a Business Checking account before the bonus expires
How does this business checking offer from First Federal Bank compare?
To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:
Chase
Chase Business Complete Checking®
- Bonus
- up to $500
- Account Type
- Business Checking
- Expires In
- 54 days
- Requires
- Min Balance
- Card Spend (optional)
Axos
Business Interest Checking
- Bonus
- up to $400
- Account Type
- Business Checking
- Expires In
- 220 days
- Requires
- Min Balance
- Bill Pay
- Card Spend
Bank of America
Bank of America® Business Advantage Banking
- Bonus
- $200
- Account Type
- Business Checking
- Expires In
- 312 days
- Requires
- Min Balance
Why First Federal Bank?
Enhanced Business Checking
Enhanced Business Checking is for businesses who write or deposit up to 300 items. Merchant Services, Checking images and Check collection are available for this account. Save $2 a month when you enroll in eStatements.Fees
Enhanced Business Checking does charge a monthly maintenance fee of $16, but there are ways to get this waived:
- Maintain a $3,000 daily balance
- OR, Maintain a $30,000 loan relationship
Essential Business Checking
Essential Business Checking is for businesses who write or deposit up to 150 items. Merchant services are available for this account and you can save $2 by enrolling in eStatements.Fees
Essential Business Checking does charge a monthly maintenance fee of $8, but there are ways to get this waived:
- Maintain a $1,500 daily balance
- OR, maintain a $15,000 loan relationship
Apply now for a Business Checking account to earn the up to $400 bonus offer
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