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 $50 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.
Open a Business Checking account before the bonus expires
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
- up to $500
- Account Type
- Business Checking
- Expires In
- 99 days
- Requires
- Min Balance
- Card Spend (optional)
Axos
Business Interest Checking
- Bonus
- up to $400
- Account Type
- Business Checking
- Expires In
- 83 days
- Requires
- Min Balance
- Bill Pay
- Card Spend
U.S. Bank
Business Checking
- Bonus
- up to $1000
- Account Type
- Business Checking
- Expires In
- 83 days
- Requires
- Min Balance
- Bill Pay (optional)
- Card Spend (optional)
Why Independent Bank?
Business ONE Checking
Business ONE Checking from Independent Bank is their entry-level business checking account designed for small businesses, sole props and non-profits.
It's fee free and you'll get the first 500 items free each month then $0.50 per additional item. You can also deposit up to $25,000 in coin/cash each month fee-free, then it's tiered starting at $1.50 per $1,000.
Fees
Business ONE Checking does not charge a monthly maintenance fee.
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: $0.25 per item, Deposits/credits: $0.50 per item, Deposited items: $0.15 per item. Cash deposits incur fees of $1.00 per $1,000Fees
BusinessFlex Checking does charge a monthly maintenance fee of $15, 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 transactions, 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 does charge a monthly maintenance fee of $15.
While you may not be able to avoid this fee, it can be reduced by doing the following:
- Can offset with earnings credits
Apply now for a Business Checking account to earn the $50 bonus offer
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