Union Savings Bank Business Checking $500 Bonus

This offer is expired and may no longer be available. Check out current offers from Union Savings Bank or all available offers instead.

Union Savings Bank : Business Checking

Bonus Amount
$500
Account Type
Business Checking
Available In Your Area?
No
Offer Expired On
November 20, 2021
Bonus Requirements
  1. Open a new Business Relationship Checking or USB Advantage Business Checking account in-branch.
  2. Within 30 days, deposit $25,000 and then maintain that balance for 90 days starting on the 31st day after account opening.
  3. Within that same 90 days, complete 10 qualifying electronic transactions.
  4. Bonus will be credited to your new checking account between March 1, 2022 and May 1, 2022.
Other Details
Hard Credit Pull?
Monthly Fees?
Varies By Account
Open Online?
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Union Savings Bank is offering a $500 bonus for opening a new Business Relationship Checking or USB Advantage Business Checking account.

To qualify, you'll need to both maintain a $25,000 balance and complete 10 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.

Clearly, the $25k balance requirement is the kicker here. If you have the cash, the $500 offer represents an effective 8% return on your savings – solid! If your business is smaller, however, you may want to check out their $250 Basic Business Checking bonus instead.

How To Earn The Bonus

The Union Savings Bank Business Checking promotion requires you to deposit and maintain a minimum balance, and optionally, set up direct deposits, make purchases using the account's card and set up bill pay in order to earn the $500 bonus. Full requirements to receive this bonus are:

  1. Open a new Business Relationship Checking or USB Advantage Business Checking account in-branch.
  2. Within 30 days, deposit $25,000 and then maintain that balance for 90 days starting on the 31st day after account opening.
  3. Within that same 90 days, complete 10 qualifying electronic transactions.
  4. Bonus will be credited to your new checking account between March 1, 2022 and May 1, 2022.

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.

Why Union Savings Bank?

Business Relationship Checking

Business Relationship Checking is aimed at small businesses that have outgrown the Basic Business account. With it, the transaction limit is raised to 500 each month. The account also includes a free Preferred Business Savings account.

Like all of Union Savings Bank's business checking accounts, Business Relationship Checking has a $100 opening deposit requirement.

Fees

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

  • Maintain a daily balance of $25,000.

USB Advantage Business Checking

USB Advantage is the premium business checking account from Union Savings Bank. The 500 free transaction limit is the same as Business Relationship Checking, but the account comes with multi-user online banking and cash management and treasury services.

Fees

USB Advantage Business Checking does charge a monthly fee of $15, but there are ways to get this waived:

  • Waived for the first month THEN,
  • Maintain an average monthly ledger balance of $35,000.00.
  • OR, maintain combined deposit and loan balances of $50,000.00.
  • OR, enroll in USB Merchant Services and USB Business Credit Card.