Union Savings Bank is offering a $305 bonus for opening a new Basic Business Checking account. This is slightly lower than what it was most recently and the requirements are slightly higher.
To qualify, you'll need to both maintain a $4,000 balance and complete 15 qualifying transactions. The qualifying transactions include anything from debit card purchases, mobile check deposits, ACH credits or debits, wire transfers, or bill payments – so, a pretty easy requirement to hit.
All said, this seems like a solid offer for a free business checking account. So if you're a small business owner in Connecticut, check it out.
Tip: If your company has outgrown the Basic Business Checking account and you're able to maintain a higher balance, Union Savings Bank is also offering a $506 bonus for their relationship business account.
How To Earn The Bonus
The Union Savings Bank Basic Business Checking promotion requires you to deposit and maintain a minimum balance, and optionally, make purchases using the account's card and set up bill pay in order to earn the $305 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
- Qualifying electronic transactions include debit card purchases, mobile deposits, ACH (credits or debits), wire transfers (debit or credits) and online bill payments.
- In order to be eligible, neither the business nor any of the authorized signers on the account may have an existing USB business checking account.
- Limit one bonus per business and authorized signer.
- Promotion may be canceled without notice.
- Account must be open and in good standing to receive bonus.
Open a Basic Business Checking account before the bonus expires on March 31, 2026
How does this business checking offer from Union Savings Bank compare?
To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:
U.S. Bank
Business Checking
- Bonus
- up to $1200
- Account Type
- Business Checking
- Expires In
- 19 days
- Requires
- Min Balance
- Bill Pay (optional)
- Card Spend (optional)
Chase
Chase Business Complete Checking®
- Bonus
- up to $500
- Account Type
- Business Checking
- Expires In
- 63 days
- Requires
- Min Balance
- Card Spend (optional)
Bank of America
Bank of America® Business Advantage Banking
- Bonus
- up to $750
- Account Type
- Business Checking
- Expires In
- 294 days
- Requires
- Min Balance
Why Union Savings Bank?
Basic Business Checking
Basic Business Checking is the entry-level business checking account from Union Savings Bank. It includes 75 debit and credit transactions each month (transactions are everything from checks, ACH withdrawals including bill payments, point of sale, transfers, deposits, etc). After that, additional transactions are $0.50 each.
Fees
Basic Business Checking does charge a monthly maintenance fee of $7.5, but there are ways to get this waived:
- Maintain a daily balance of $500
Apply now for a Basic Business Checking account to earn the $305 bonus offer
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