[Expired] Hanmi Bank Bonus, Get up to $500 with New Checking (CA, IL, NJ, NY, TX, VA)

September 28, 2019

Hanmi Bank Bonus, Get up to $500 with New Checking

Hanmi Bank has a promotion that can earn you up to $500 when you open a personal or business checking account. The bonus comes as 2% of the amount that you deposit. It’s available in CA, IL, NJ, NY, TX and VA only.

Offer

Open a personal or business checking account and get a 2% cash bonus on your account balance* with qualifying activities.

Maintain a minimum average daily balance of $5,000 or more for three months.
Maintain account for a minimum of six months
Enroll in e-Statement within thirty days of opening account.
Make a minimum of five debit card purchases during each of the first three full statement cycles.
For business accounts only, make a minimum of one ACH debit or ACH credit transaction during each of the first three statement cycles.

Offer Terms

This offer is subject to discontinue when Regular Personal Checking account aggregate balance reaches $10 million or 1,400 accounts, and Regular Business Checking account aggregate balance reaches $20 million or 800 accounts, whichever comes first.
This offer is valid only for new Regular Personal and Business Checking account customers who open the account with new money.
New money is defined as funds that are not held at Hanmi Bank.
To be eligible for cash incentive, the new checking customer must provide a valid U.S. Taxpayer Identification Number (W-9) or a valid W-8BEN.
Cash incentives will be considered interest and will be reported on a 1099-INT or 1042-S, as applicable. Customers are responsible for any applicable taxes and consulting a tax advisor.
The 2% cash incentive is determined based on a 3-month average daily balance on the account for the first full 3-months.
Starting date for the 3-month period will be the first date of the new month after the account opening; if the account is opened on the first day of a new month, that date will be the first date of the average balance calculation period.
The maximum incentive is $500 per customer in each account type (personal, business account).
Cash incentive will be paid within 60 days after a qualifying account has been opened for three (3) full months.

Eligibility

Offer available in CA, IL, NJ, NY, TX, VA
New checking customer is defined as a customer who has not had any existing checking account with Hanmi Bank within the past 180 days.
Customer must be at least 18 years of age.

Fees

The account has no fees.

If the account is closed within the first six (6) months, cash incentive will be deducted at closing of the account if it has already been paid.

Guru’s Wrap-up

A pretty good bonus if you’re in one of the eligible states and have a branch nearby. You can maximize this bonus by depositing $25,000. You need to keep it in the account for three months to get $500. It works out to a 8% APY, which is way beyond anything you can get right now. There’s only a limited amount of offers though so it’s best to ask first whether it is still available.

The same offer is available for personal and business account, but I’m not sure you a person can do both of them.

If this bonus is not for you, then you can check our full list of available bank bonuses. And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.