Looking to take your business banking to the next level? Fidelity Bank is offering a generous $800 bonus when you open a new Business Checking account and complete a few simple tasks. Whether you’re a new business owner or just switching banks, this is an excellent opportunity to earn cash while enjoying the benefits of a reliable and community-focused financial partner. Let’s dive into how you can earn your bonus!
Fidelity Bank operates primarily in Pennsylvania, offering great local business banking options. For those looking for lucrative nationwide bonuses, be sure to check out our top picks, including this fantastic Chase Business Complete offer.
Fidelity Bank also offers a personal checking and savings account bonus. Read about it here.
Key Takeaways:
- Open a new Fidelity Bank Business Checking account to qualify for up to $800 in bonuses.
- Maintain a balance of $10,000 or more for the first three months to earn a $500 bonus.
- Add Merchant Services and process credit card sales to earn up to $300 more in credits.
How to Earn the $800 Business Checking Bonus
To claim your $800 bonus with Fidelity Bank, follow these steps:
- Open a New Business Checking Account: Start by opening a new primary operating non-interest business account. This is where you’ll need to maintain a daily balance of $10,000 or more for the first three months.
- Meet the Balance Requirement: Keep your account balance at $10,000 or higher during the initial three months to earn the $500 bonus. It’s a simple way to qualify if you already have this amount available.
- Add Merchant Services: For an additional $300, you can add Fidelity Bank’s Merchant Services to your account. Once activated, you’ll need to process credit card transactions for 45 days. The bonus is based on how much you process, and you can earn between $100 and $300 depending on your sales volume:
- $100 for $1,000 – $5,000 in credit card sales.
- $200 for $5,000.01 – $10,000 in sales.
- $300 for over $10,000 in sales.
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The Fine Print
There are a few key points to keep in mind:
- Bonus Terms: You must complete both the $500 account balance requirement and the Merchant Services bonus within 120 days of account opening.
- Eligibility: This offer is available only to new business clients opening a new business account. Existing clients are eligible for the Merchant Services portion of the bonus.
- Tax Information: As with most bonuses, this will be reported on IRS Form 1099-MISC, so be prepared for possible tax implications.
Avoiding Fees
- Monthly Fees: The monthly service charges will depend on the type of checking account you choose, so be sure to review the details with a Fidelity Banker.
- Minimum Balance: You must maintain the required $10,000 balance for the first three months to avoid any service fees and to qualify for the bonus.
Our Take
This $800 business checking bonus is a solid opportunity for business owners looking to switch banks or open a new account with a trusted community bank. The requirements are straightforward, especially if you already handle $10,000 or more in business funds, and the additional bonus for processing credit card payments is a nice incentive. With great customer service and competitive business banking options, Fidelity Bank makes it easy to take advantage of this generous offer. Don’t miss out—sign up today before the offer ends!
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