Banterra Bank, $400 Bonus With Business Checking And Money Market Accounts (IL, IN, KY, MI)

Banterra Bank has an offer for Business Checking and Money market accounts that can earn you up to $400 or more. Accounts must be opened in branches that are available only in a few states.

Banterra Bank busines checking bonus 400

Offer Requirements

Open a new Banterra Business Checking Account and keep it open for at least 90 days to receive promotional offer. Business Free Checking and Pledge Checking is not eligible.

To qualify for the bonus, within the first 90 days of Banterra Business Account opening:

  • An average daily ledger balance of $1,000 or more must be maintained
  • A minimum of 25 transactions (excluding transfers) must occur.

Business checking account must be open and not have a negative balance to receive the cash bonuses at the time of fulfillment. Bonuses will be credited to your account within 60 days of meeting promotion requirements. Bonuses must be reported to the IRS as interest for the year in which it is received.

You can then get $200 more with Banterra Preferred Money Market account. Looks like there’s no specific requirements for the Money Market account.

The third $200 bonus requires Treasure Management services. I’m not sure if that makes sense.

Eligibility

Offer available in IL, IN, KY, MI.

Your business must not currently have, nor have had, any business checking account with Banterra Bank in the last 12 months.

Fees

Basic Business Checking has no fee if a $1,500 minimum daily balance or $3,000 average monthly balance is maintained; otherwise, $7.50 monthly fee.

Money Market Account requires $2,500 minimum to open and has $8.50 service charge each statement cycle unless a minimum daily balance of $1,500 or a minimum average daily balance of $2,500 is maintained.

I don’t see any early account closing fees, but you need to keep account open for 90 days.

Guru’s Wrap-Up

A great bonus that can get you $400 or even more. 25 transactions should be easy to complete and there’s no direct deposit requirement. You need to go into a branch to open the accounts and it is limited to IL, IN, KY and MI.

If this bonus is not for you, then you can check our full list of available bank bonuses.


Offer Details

  • Sign up Offer
  • Bonus: $200 + $200
  • Account Type: Basic Business Checking & Money Market
  • Availability: IL, IN, KY, MI
  • Expiration Date: 09/30/2017
  • Inquiry Type: Unknown
  • Direct Deposit Requirement: No
  • Other Requirements: $1K balance and 25 transactions (excluding transfers)
  • Monthly Fee: Yes (can be waived)
  • Closing Account Fee: Unknown (must keep account open for 90 days)

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2 thoughts on “Banterra Bank, $400 Bonus With Business Checking And Money Market Accounts (IL, IN, KY, MI)

  1. Pingback: [IL, IN, KY, MO] Banterra $600 Business Banking Bonus ($200 Checking, $200 Money Market & $200 Treasury) - Doctor Of Credit

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