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Looking for a bonus offer for your business checking account? Citizens Bank is offering a bonus of up to $500 when you open a new business checking account.
But is it a good deal? Let’s take a closer look.
See Posts History below for more offers from Citizens Bank.
Citizens Bank $500 Business Checking Offer Details
- $200 bonus for opening a new Clearly Better Business Checking account with a minimum opening deposit of $2,000 and making five qualifying transactions in the first two months.
- $500 bonus for opening a new Business Advisor Checking account with a $5,000 opening deposit and making five qualifying transactions in the first two months.
- Offer may be targeted as the terms mention requiring you retaining the offer flyer.
- Available in select states: CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI, VT, VA, D.C., MD, FL.
- Offer expires 5/15/2023.
| Account opened in month of: | Opening deposit made by: | Opening deposit maintained until: | Five qualifying transactions in the months of: | Bonus will be paid by end of day: |
| January 2023 | February 28, 2023 | April 30, 2023 | March, April | May 31, 2023 |
| February 2023 | March 31, 2023 | May 31, 2023 | April, May | June 30, 2023 |
| March 2023 | April 30, 2023 | June 30, 2023 | May, June | July 31, 2023 |
| April 2023 | May 31, 2023 | July 31, 2023 | June, July | August 31, 2023 |
| May 2023 | June 30, 2023 | August 31, 2023 | July, August | September 30, 2023 |
Pros & Cons
Pros:
- Up to $500 bonus for opening a new business checking account.
- No monthly fees for Clearly Better Business Checking.
- Multiple states are eligible for this offer.
Cons:
- Business Advisor Checking has a monthly fee of $25, which can be waived under certain conditions.
- The offer may be a targeted offer and requires retaining the offer flyer.
READ MORE: U.S. Bank Smartly™ Checking Account Promo Offer
Fine Print
- To earn a $200 bonus, open your first new Clearly Better Business Checking account between 1/1/23 and 5/15/23
- Minimum opening deposit of $2000 must post to the account by the date stated in the table below
- Minimum opening deposit must remain on deposit until the date stated in the table
- Make five qualifying transactions in the two months stated in the table
- To earn a $500 bonus, open your first new Business Advisor Checking account between 1/1/23 and 5/15/23
- Minimum opening deposit of $5000 must post to the account by the date stated in the table below
- Minimum opening deposit must remain on deposit until the date stated in the table
- Make five qualifying transactions in the two months stated in the table
- Qualifying transactions include deposits made at a Citizens branch, ATM, or through the mobile app; payments made by check or Online Bill Pay; debit card transactions include signature and PIN-based debit transactions in person directly at a merchant location or in app or online merchant sites. Transfers between other Citizens accounts do not qualify.
- Primary signer on the new business checking account may not be or have been a signer on any Citizens business checking account within the previous six months.
- Your new account must have a balance greater than zero and remain open and active through the payout date stated in the table below to qualify for this offer.
- Retain the flyer for your records.
- Customer will only be paid a one-time bonus for this program.
- Offers may be withdrawn without notice and cannot be combined with any other business checking offer.
- Offer eligibility is determined at Citizens’ sole discretion.
- Bonus will be deposited to the new business checking account by the date stated in the table below and will be labeled as “Balance Builder Bonus”.
- Bonus will be reported to the IRS for income tax purposes.
READ MORE: See Bank Offers From Chase Bank, U.S. Bank, TD Bank, BMO Harris, And Bank Of America
Bottom Line
Citizens Bank’s business checking account bonus offers might be worth considering if you’re a business owner in one of the eligible states. However, it’s important to keep in mind that the Business Advisor Checking account has a monthly fee of $25, which can be waived under certain conditions.
On the other hand, the Clearly Better Business Checking account has no monthly fees to worry about. So, while the $500 bonus may not be the best option for everyone, the $200 bonus offer might be worth doing if you are targeted.
Post History For Citizens Bank:
- Citizens Bank $150 Direct Deposit Bonus for Existing Customers [Targeted] – Ended
- Earn Up To 4.75% APY Citizens Access’ Best Online CD Rate, 4.25% APY Savings (Nationwide)
- Best Citizens Bank Bonuses, Promotions of March 2023
- Citizens Bank Up To $400 Checking Bonus Offer – Ends 3/16/23
- Citizens Bank Cash Back Plus Card Bonus: 3% Back (Ends 12/2/22) to 5% Back (Ends 3/31/23)
- Citizens Bank Everyday Points Business Mastercard $325 Bonus
READ MORE: See The Best Bank Promotions Here And The Best Investing Promotions Here
