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S&T Bank is offering up to a $600 cash bonus for opening a new business checking account and establishing a new payment processing account.
Update 2/23/23: The offer has been extended through 3/31/23
Update 11/9/22: Their personal checking account offer for $300 or $400 has been extended through 12/31/22. You can read about them here.
S&T Bank Promotion(s)
S&T Bank Up To $600 Business Checking Bonus
- What you’ll get: Up To $600
- Where it’s available: OH, PA
- How to earn it:
- Earn $300:
- Deposit $1,000 within the first 5 days of account opening
- Apply for, receive and activate your debit card
- Maintain a $1,000 or more daily balance.
- Earn an additional $300:
- Establish a new payment processing account through Elavon
- Earn $300:
- When it expires:
12/31/20223/31/2023 - Compare with: Chase Business bonus and others
Waive The Monthly Fee
Basic Business Checking: No monthly service fees.
Fine Print
$300 new Basic Business Checking
- Business checking account must have a daily balance of $1,000 or more on August 8, 2022, to receive incentive.
- Business must also apply, receive, and activate an S&T Bank business debit card that is associated with the new Basic Business Checking account by August 8, 2022.
- Account will receive $300 incentive on August 18, 2022.
- Account must remain open with no overdrafts until August 18,2022, to receive incentive.
- New account will not be eligible for offer if any signer has signing authority on an existing S&T Bank business checking account or has closed an account within the past 90 days or has been paid a promotional premium in the past 12 months.
- If multiple accounts are opened with the same signers, only one account will be eligible for the incentive.
- Estate accounts are not eligible for this promotion.
$300 Payment Processing Incentive
- If the S&T payment processing account remains open through August 8, 2022, the $300 incentive will be credited to the S&T Basic Business checking account on August 18, 2022.
- Limit one $300 incentive per merchant, regardless of the number of business locations.
- Business is subject to underwriting and approval by Elavon.
- Offer only available to merchants inside the United States.
- Elavon is a registered trademark in the United States and/or other countries.
Cash Incentives
- Incentives will be identified as “Cash Incentive” on your monthly statement.
- The value of the incentives may be reported on Internal Revenue Service (IRS) Form 1099 and may be considered taxable income to you.
- Please consult your tax advisor regarding your specific situation.
Bottom Line
This is a strong offer from S&T Bank for the business checking.
READ MORE: See Bank Offers From Chase Bank, U.S. Bank, TD Bank, BMO Harris, And Bank Of America
READ MORE: See The Best Bank Promotions Here And The Best Investing Promotions Here