Offer at a glance
- Maximum bonus amount: $700
- Availability: TX
- Direct deposit required: No
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: None
- Monthly fees: $12, avoidable
- Early account termination fee: None
- Household limit: None
- Expiration date: March 31, 2025.
The Offer
Direct link to offer
- Texas Capital Bank is offering a $600 checking bonus when you open a new Elite Business Checking and complete the following requirements by June 30, 2025 (receive $200 for each statement cycle up to three):
- Maintain a minimum daily posted balance of $5,000 for each participating statement period.
- Complete 10 monthly debit transactions of a combined minimum total amount of $1,500 each participating statement period.
The Fine Print
- Qualifying participants will receive a $200 cash reward each month from November 2024 through June 2025 with continued qualifying activity. The cash reward will be paid to your Elite Business Checking account at the close of each statement period after all qualifying activities are met.
- If one or more of the qualifying activities are not met within a statement period, the cash reward will not be paid for that statement period
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
There is a $12 monthly fee, this is waived with an average collected balance of $1,500.
Early Account Termination Fee
As far as I know there is no EATF.
Our Verdict
Has been higher in the past, but this time doesn’t have a deposit requirement.
Hat tip to Doc_Liker
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
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- Banks That Allow/Don’t Allow Out Of State Checking Applications
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