Offer at a glance
- Maximum bonus amount: $250
- Availability: Lives, works, worships, or attends school in the State of Washington.
Lives or works in the Oregon counties of Linn, Benton, Lane, Marion and Polk. - Direct deposit required: No
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None
- Expiration date: None
The Offer
- Red Canoe Credit Union is offering a $250 bonus when you open a new business checking account and complete the following requirements
- Open a new business account ($5 minimum balance requirement) at Red Canoe Credit Union, open a business checking account at time of membership establishment, be age 18 or older, perform one qualifying checking account transaction¹ within 45 days of account opening and enroll in eStatement delivery.
The Fine Print
- Membership eligibility and account qualifications apply. Limit one New Business Account $250 Bonus (offer) per tax identification number. The offer is not valid on consumer accounts, or anyone with an existing business account at Red Canoe Credit Union. The promotional period is for a limited time and may be modified or discontinued. However, members who meet all qualifications during the promotional period will receive the bonus.
- Qualifications include Open a new business account ($5 minimum balance requirement) at Red Canoe Credit Union, open a business checking account at time of membership establishment, be age 18 or older, perform one qualifying checking account transaction¹ within 45 days of account opening and enroll in eStatement delivery. ACH and RDC services are subject to approval and have a monthly service fees. Free check offer valid on orders up to $200. Business ACH monthly fees waived for three months. Per-item fee of $0.12 still applies.
- Qualifying transactions include ACH debits or credits, check clearings, bill payments, debit/credit card transactions and online debit/credit card purchases. ATM transactions, cash deposit/withdrawals, and transfers between the member’s own accounts do not qualify. Payout will occur after 45 days from account opening if all qualifications have been met. Bonus funds will not be deposited into closed accounts or accounts not in good standing. Red Canoe reserves the right to terminate this promotion at any time; however, members who qualify before termination will receive the bonus. Offer cannot be combined with other promotions or incentives.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has no monthly fees to worry about.
Early Account Termination Fee
I wasn’t able to find a fee schedule.
Our Verdict
There is a $150 personal checking bonus as well.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times