Offer at a glance
- Maximum bonus amount: $350
- Availability:Business must be located in MD, PA, DE, WV, VA, or the District of Columbia
- Direct deposit required: None
- Hard/soft pull: Soft Pull
- ChexSystems:Yes
- Credit card funding: None
- Monthly fees: None
- Early account termination fee: None listed
- Expiration date: December 31, 2026
The Offer
- SECU is offering a $350 bonus when you open a new business checking account and complete the following requirements:
- Use promo code BB350
- Must maintain an average daily balance of $5,000 for the first two monthly statement cycles
- Within 60 days sign up for eStatements and enroll in mobile and online banking
The Fine Print
- To qualify, open a new eligible business checking account between July 01, 2026, and Dec 31, 2026, and enter promo code BB350 during online application or provide during in-branch application. Must maintain an average daily balance of $5,000 for the first two monthly statement cycles. Within 60 days of account opening: sign up for e-statements and enroll in mobile and online banking.
- Eligible business checking accounts include free business checking, interest-earning business checking, or nonprofit checking. If you are an existing or previous business member, you must not have had one of the eligible business checking account types within the last 24 months.
- Offer is not available to estates.
- Business must be located in MD, PA, DE, WV, VA, or the District of Columbia. Accounts opened without the promo code BB350 will not be eligible for the offer.
- To open a business checking account, a business share savings account is required. Business share savings and business checking account opening subject to approval and membership eligibility requirements. The minimum balance to open a business share savings is $10. The minimum balance to open a business checking account is $100. SECU will credit the $350 promotional bonus to the new SECU business checking account within 90 days of meeting qualifying conditions.
- Business membership and accounts must be in good standing and actively enrolled in mobile and online banking to receive the bonus. Promotional period and offer are subject to change at any time without notice. The promotional bonus is limited to one per business membership (including related businesses and subsidiaries as determined at SECU’s sole discretion). Advertised bonus cannot be combined with any other offer. Bonuses are considered miscellaneous income and may be reported as income to the IRS on Form 1099-MISC any applicable taxes are the responsibility of the member. SECU’s determination of offer eligibility is final.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has no monthly fees to worry about.
Early Account Termination Fee
There is no EATF in the fee schedule.
Our Verdict
There is also a $350 personal checking bonus, looks like you can do both. We will add this to our list of the best business bank account bonuses.
Hat tip to reader Tikky
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- 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 Calculate And Share Your ChexSystems Datapoints
- 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?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
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Nope. I always have to contact this bank and have it manually applied for some reason. About to reach out to them soon.
So according to a banker, my first statement did count and I met the qualifications already, which implies you need an opening deposit of $5,000. Whether or not the agent is correct, I don’t know. I’m going to leave the money for two full cycles at least regardless.
Maybe, maybe not. Seems pretty silly one of your cycles could be so short and that would actually count as one of the first two cycles.
I thought it was the first two FULL cycles. I guess I need to pay more attention.
i opened on 7/29 with only $100 opening deposit. I transferred 7k on 08/03. It seems my first statement was cut on 7/31 with an average balance of $100. I guess that means I’m not getting the bonus?
DP from Pennsylvania (so far): 2026/07/28: Applied and approved for Free Business Checking ($100 opening deposit) and Share Savings ($10 opening deposit). Opened as a sole proprietor. 2026/07/29: Scheduled a push of~$6047 from Varo Checking to the new SECU Business Checking account. Interestingly, both opening deposits and the Varo transfer posted at SECU on 2026/07/29. Despite not doing an opening deposit of $5k+, I’m hopeful that I’ll meet the terms of the bonus. Hoping to report back in a few months with positive news.
Nope
Did they require any sort of documentation to prove your sole proprietorship?
Applied and approved within 2 business days, Chex was pulled. Chex stats 1/1 5/3 13/6 20/12 29/24. I opened with a little over $5k. I tried to get clarifications on the terms but honestly the rep was so contradictory with what they were telling me that I feel no better informed. I would say an opening deposit of $5k is required. SP and within footprint.
SP, and yes
According to the terms, the business needs to be located in-footprint, but appears to be no residency restriction for the biz owner. And, it is possible to set up an out-of-state LLC if you know what you’re doing.
please keep us posted. Do you have a SP or llc, is it registered in one of those states? ty
saw MD and thought it was MA lmao. Waiting for an electric Massachusetts bonus
Went ahead and applied. The promo code is the very last field on the last page, it should auto-fill if you access from the link. Intro deposit was $5,000. Wasn’t instantly approved. Actually, after I took a photo of my ID / face it told me on the application portal my application was denied. But then it let me submit. Chex stats are pretty high but I didn’t think SECU was chex sensitive. I recently closed a personal SECU account. Did not try to stack a referral. “Your application for SECU’s Free Business Checking, and Business Share Savings accounts has been placed into review with our team. You can expect to hear back within two business days.”
Must maintain an average daily balance of $5,000 for the first two monthly statement cycles So we have to deposit $5,000 immediately?