Independent Bank Business Checking up to $150 Referral Bonus

Independent Bank logo

Independent Bank : Business Checking

up to $150

2.5

BankBonus.com score

Availability

Ease

Amount

Fees

Offer Expires In

Limited Time Offer

How To Earn The Bonus

  1. Refer a friend to open a new Independent Bank business checking account using your referral link found at the website below.
  2. Ensure your friend completes the following activities within 60 calendar days of account opening: 15 debit card purchases OR makes at least $1000 in cumulative deposits.
  3. Bonus gift card will arrive within 4-6 weeks after completion of all requirements.

Available in Your Area?

No

Monthly Fees?

Varies

Open Online?

No

Credit Pull?

Unknown

Independent Bank, with a footprint in Michigan, is offering a $50 referral bonus for you and $150 for your friend. All they need to do is open a new business checking account and either use their debit card or make some deposits. Once complete, you'll both receive the bonus in the form of a gift card.

How To Earn The Bonus

The Independent Bank Business Checking promotion requires you to use a referral link, and optionally, deposit and maintain a minimum balance and make purchases using the account's card in order to earn the up to $150 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

Please refer to the institution's website for any terms and conditions that may apply.

How does this business checking offer from Independent 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
$300
Account Type
Business Checking
Expires In
56 days
Requires
  • Min Balance
  • Card Spend (optional)

Live Oak

Live Oak business savings

Bonus
$300
Account Type
Business Savings
Expires In
17 days
Requires
  • Min Balance

U.S. Bank

Business Checking

Bonus
up to $800
Account Type
Business Checking
Expires In
95 days
Requires
  • Min Balance
  • Bill Pay (optional)
  • Card Spend (optional)

Why Independent Bank?

Business Freedom Checking

Business Freedom Checking from Independent Bank is their entry-level business checking account. It's basically fee free and you'll get the first 250 items free each month then $0.40 per additional item. You can also deposit up to $10,000 in coin/cash each month fee-free, then it's tiered starting at $0.50 per $1,000.

Fees

Business Freedom Checking does charge a monthly maintenance fee of $2, but there are ways to get this waived:

  • Maintain an average daily balance of $1,000+
  • OR, enroll in eStatements

BusinessFlex Checking

BusinessFlex Checking from Independent Bank is their mid-level business checking account and their only business checking account that earns interest. At this level, you'll start to pay for deposits and payments made: Checks paid/debits: $0.20 per item, Deposits/credits: $0.40 per item, Deposited items: $0.12 per item. You can also deposit up to $10,000 in coin/cash each month fee-free, then it's tiered starting at $0.50 per $1,000.

Fees

BusinessFlex Checking does charge a monthly maintenance fee of $12, but there are ways to get this waived:

  • Maintain an average daily balance of $25,000+

EagleAdvantage Checking

EagleAdvantage Checking from Independent Bank is their top-tier business checking solution that is designed for high-volume businesses. You'll pay for most transaction, but this account is unique in that it allows the opportunity for an "earnings credit" that is based on the investable balance in the account, which can be used to offset fees.

Fees

EagleAdvantage Checking charges a monthly maintenance fee of $12.

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