Provident Credit Union – $475 – CA, In Branch

Update 6/28/25: Bonus now $475

Update 6/7/25: Deal is back. Hat tip to reader RM

Update 4/7/20: Bonus has been increased to $300. Hat tip to reader EW

Offer at a glance

• Maximum bonus amount: $300
• Availability: CA only, must open in branch
• Direct deposit required: Yes, although online Bill Pay is included
• Additional requirements: See below
• Hard/soft pull: Soft
• Credit card funding: Up to $1,000
• Monthly fees: None, but there is a $10 joining fee
• Early account termination fee: None
• Expiration date: None listed

The Offer

Direct link to offer

• Receive a sign up bonus of $475 when you open a new Dividend Business Checking Account with Provident Credit Union and complete the following requirements:
  • File account opening paperwork with the promotional code 9982
  • Add at least $2,500 in deposits within 60 days of account opening
  • Make purchases of $300 or more using a Provident Business debit card per month
  • Enroll in online banking and e-Documents with valid email address

The Fine Print

• You must be a new business member, 18 or older and reside in California
• You are not eligible if you are a current owner on a Provident Credit Union business account or if you have been an owner on a Provident Credit Union business account within the last six months
• One New Business Account Bonus per business. To be eligible, you must open a Dividend Business Checking Account
• In order to qualify for your New Business Account Bonus your account must be active and in good standing for two consecutive months following the month that your Dividend Business Checking account is opened
• All qualifying purchases and transactions referred to as “per month” or “monthly” only count towards the requirement of the month in which they POST, which will be on a business day (Monday – Friday) and may take one or more business days from the purchase/transaction date
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

No Monthly Fee

The dividend business checking does not have any monthly fee to worry about.

Membership Enrollment $10

If you enroll with provident then you must pay a $10 membership enrollment fee. Although apparently it’s possible to get this waived if you apply online.

Early Account Termination Fee $0

None of the provident checking accounts come with an early account termination fee.

Our Verdict

I’m reposting because this account no longer has any monthly fee to worry about (previously it required a deposit of $15,000). Because of that change it’s now definitely worth doing (thanks to reader Lrdx for pointing this out) I’m going to add this to our list of the best business checking bonuses.

Useful posts regarding bank bonuses:

• A Beginners Guide To Bank Account Bonuses
• PSA: Don’t Call The Bank
• Introduction To 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?
• Affiliate Links & Bank Bonuses – We Won’t Be Using Them
• Complete List Of Ways To Close Bank Accounts At Each Bank