Broadway Bank offers a business checking bonus of up to $500 for new accounts with specific deposit and transaction requirements, subject to eligibility and conditions. See details below.
Broadway National Bank was established in 1941 and is headquartered in San Antonio, TX. They have locations across the state of Texas.
READ MORE: GET TOP OFFERS FROM CHASE, AXOS, BANK OF AMERICA AND BMO.
Broadway Bank Up To $500 Business Checking Bonus
- What you’ll get: $300, $400 or $500
- Where it’s available: TX
- How to earn it:
- Open a Qualifying Account: Choose and open one of the eligible Business Checking accounts (Advantage, Preferred, or Essentials).
- Initial Deposit: Deposit $2,000 or more in new money within 30 days of account opening.
- Enroll in Online Banking: Sign up for Business Online Banking and complete 10 qualifying transactions within 90 days of opening the account.
- Maintain Average Monthly Balance: Keep an average monthly balance as follows for 120 days to earn the respective bonus:
- Earn $300 with a balance of $2,000 – $24,999
- Earn $400 with a balance of $25,000 – $49,999
- Earn $500 with a balance of $50,000 or greater
- Meeting Requirements: The bonus will be deposited into your Business Checking account within 90 days of meeting all the requirements.
- When it expires: None listed
Monthly Fees
To avoid the $12 monthly fee for the Advantage Business Checking account at Broadway Bank, you can:
- Maintain Minimum Balances: Keep either a daily minimum balance of $3,000 or a combined daily minimum balance of $15,000.
- Active Credit Card Processing Account: Maintain an active credit card processing account through Broadway Bank’s designated credit card processing partner.
Meeting either of these criteria will waive the monthly maintenance fee for the account.
Fine Print
Eligibility Requirements:
- Eligible accounts are qualifying Business Advantage Checking, Business Preferred Checking, and Essentials Business Checking accounts.
Subject to approval. Other conditions and restrictions apply. - Eligibility Requirements:
- Offer is available for a maximum of one eligible Business Checking account per Taxpayer Identification Number (TIN).
- Offer is not available for existing businesses with Broadway Bank Business Checking accounts.
A new eligible Business Checking account is required, and all other Broadway Bank accounts are excluded. - Excludes closed and reopened accounts, existing accounts, converted accounts, and repurposed accounts.
- Broadway Bank employees are ineligible to participate in this incentive.
The offers are not stackable, they are tiered offers with a maximum of $500. - Incentive Requirements:
- Within 30 days of account opening, a cumulative deposit of at least $2,000 in new money is required to qualify for the incentive.
- New money cannot be funds held by Broadway Bank.
- Average monthly balance is defined as the average collected balance across a monthly timeframe within your eligible Business Checking account.
- Within 90 days of account opening, must enroll in Business Online Banking and complete 10 qualifying transactions to qualify for the incentive.
- Qualifying transactions are debit card purchases, ACH transactions, checks, and signature Point of Sale purchases and online purchases.
- ATM withdrawals, teller deposits and withdrawals, wires, and debit card cash advances do not qualify for this promotion.
- Incentive Payment:
- Within 90 days of meeting incentive requirements, earnings will be deposited to the eligible new Business Checking account.
- Qualifying accounts must be open and have a positive balance to receive earnings.
- The incentive payment could be subject to IRS reporting on Internal Revenue Service (IRS) Form 1099.
- This promotion is subject to change without notice and is subject to bank verification, eligibility, and qualification review.
READ MORE: GET THIS $200 BONUS OFFER FROM CHASE BEFORE IT EXPIRES
Bottom Line
The $200 tier is the most practical option. While higher tiers offer up to $500, they require substantial balances.
READ MORE: BMO HAS A LIMITED TIME OFFER FOR UP TO $600
Here’s our referral link if you’d like to use it to sign up (offer available)
See more:
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.