Available in Michigan, Portland Federal Credit Union is offering a $300 welcome bonus when you open a new business checking account and complete qualifying activities. They don't explicitly say what the requirements are for businesses, however, it usually involves meeting minimum balance thresholds. The direct deposit threshold for the consumer bonus is extremely low so we'd expect this one to be extremely easy to earn as well.
How To Earn The Bonus
The Portland Federal Credit Union Business Checking promotion requires you to deposit and maintain a minimum balance in order to earn the $300 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 credit union will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.
The fine print
- See bank for qualifying bonus activities
Open a Business Checking account before the bonus expires on March 31, 2025
How does this business checking offer from Portland Federal Credit Union 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
- 37 days
- Requires
- Min Balance
- Card Spend (optional)
Axos
Business Interest Checking
- Bonus
- up to $400
- Account Type
- Business Checking
- Expires In
- 203 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
- 295 days
- Requires
- Min Balance
Why Portland Federal Credit Union?
Basic Business Checking
As the name indicates, this is a standard business checking account.Fees
Basic Business Checking does not charge a monthly maintenance fee.
Business Checking Plus
Similar to PFCU's basic business checking account, except this one is interest-bearing.Fees
Business Checking Plus does charge a monthly maintenance fee of $10, but there are ways to get this waived:
- Maintain a minimum daily balance of $2,500
Apply now for a Business Checking account to earn the $300 bonus offer
How to Join Portland Federal Credit Union
Credit unions differ from banks in that they restrict membership based on a shared common bond, or the credit union’s “field of membership”.
That means in order to qualify for this bonus (or any offer from a credit union), you'll first need to meet one of Portland Federal Credit Union's membership requirements:
- Live, work, worship, attend school in or have a business located in Michigan
- Have an immediate family member that can become a member based on where they live or work
Keep in mind that nearly all credit unions have a "once a member, always a member" policy, so once you're in, the above restrictions no longer apply.
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