Get a $500 to $700 bonus for a new business checking account with this offer from Texas Capital Bank. Details below.
Texas Capital Bank Offer Details
- What you’ll get: $500 – $700 bonus
- Where it’s available: TX
- How to earn it:
- Open a Select Business Checking Account or Elite Business Checking Account within the offer period.
- Fund your Select Business Checking or Elite Business Checking account with $1,500 of new money to Texas Capital Bank within 30 days from account opening (the “Deposit Period”).
- Complete 10 posted Debit Card and/or ACH transactions per month during the Maintenance Period on your Select Business Checking or Elite Business Checking account.
- Maintain a Small Business Relationship average monthly balance of a qualifying balance tier during the Maintenance Period.
- Receive your qualifying Welcome Bonus tier based on your Small Business Relationship balance tier:
- $10,000.00 – $24,999.99: $500 Welcome Bonus
- $25,000.00 – $49,999.99: $600 Welcome Bonus
- $50,000.00 or greater: $700 Welcome Bonus
- When it expires: 8/1/2023
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Waive The Monthly Fee
A $12 monthly fee is applicable, but it can be waived if you maintain an average collected balance of $1,500.
Fine Print
- Maintenance Period:
- Begins the first statement month after the Deposit Period (30 days).
- Lasts for three consecutive statement months thereafter.
- Qualifying Welcome Bonus is calculated based on the total average monthly balance during the Maintenance Period.
- If the average monthly balance drops below the minimum balance for a specific tier, eligibility for that Welcome Bonus tier is lost.
- Lower bonus amounts may be applicable based on the average monthly balance during the Maintenance Period.
- If the small business relationship average monthly balance is below $10,000 at the end of the statement during the Maintenance Period, no Welcome Bonus is received.
- Small Business Relationship:
- Total balance from Select Business Checking, Elite Business Checking, Business Money Market, and Edge Business Savings accounts.
- Example of Eligibility:
- Opened Elite Business Checking Account on May 15, 2023.
- Funded Elite Business Checking Account on May 20, 2023.
- Completed 10 posted Debit Card and/or ACH transactions in each statement month (July, August, and September).
- Maintained the Small Business Relationship balance tier of $25,000.00 – $49,999.99 in each month of the Maintenance Period (July, August, and September).
- Received a qualifying Welcome Bonus of $600.
- Terms & Disclosures:
- To qualify for the Welcome Bonus:
- Open a new Select Business Checking Account or Elite Business Checking Account within the offer period of May 1, 2023, through August 1, 2023.
- Fund the checking account with $1,500 within 30 days from the account opening.
- Complete 10 posted Debit Card and/or ACH transactions per month during the Maintenance Period.
- Maintain a small business relationship average monthly balance of $10,000 or more during the Maintenance Period.
- Welcome Bonus will be automatically received approximately eight (8) weeks after completing all qualifying activities.
- Individuals with a current or past Texas Capital Bank deposit account within the prior six (6) months are not eligible for this offer.
- Account must be open and in good standing at the time of fulfillment to be eligible.
- Limit one Welcome Bonus per small business relationship, including all individual and joint accounts.
- Welcome Bonus will be reported on the applicable IRS form.
- Texas Capital Bank employees are not eligible for this offer.
- Texas Capital Bank reserves the right to exclude participants for reasons including suspected fraud, misuse, or suspicious activities.
- All promotional offers, products, and services offered by Texas Capital Bank are subject to updates, modifications, and/or termination.
- To qualify for the Welcome Bonus:
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Bottom Line
If you want to get this bonus, you’ll need to keep your funds locked up for three months. The $10,000 tier offers the best return on your money, giving you a nice 20% annualized return.
See more:
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