Valley National Bank has announced it will acquire business fintech Bluevine in a deal worth $340 million (75% cash, 25% stock). Bluevine has 175,000 active small businesses and $2.1 billion in deposits. We have covered Bluevine in the past and they still offer a $500 business checking bonus. Valley National bank also has frequent bonuses. If you’re interested in doing the Bluevine bonus I’d recommend doing that sooner rather than later as that increased offer might have been put out to drive higher sign ups and growth figures before being acquired.
Hat tip to reader Ben N
Hopefully they can help Bluevine with their god-awful UI.
Yeah Percapita is kind of strict but nowhere near as bad as Bluevine. My plan for them is loading BB at Family Dollar
Yeah understood. I just signed up for PerCcapita with their 300/month payment as I’ve read comments of those counting but each institution is different I guess.
In theory it could work but I wouldn’t chance it, it would probably code as Financial Institutions which Bluevine probably blacklists
I looked at the exclusion list but am unsure about “payments by debit” to my credit card. Think those would count?
Most traditional local banks/credit unions have tons of fees on various things, and unless you need cash deposits, they don’t really offer much additional value. Most issues would be escalated beyond what a local branch can do anyways so it’s not really any different than using an online one. I think people tend to conflate the Yotta gambling stuff with every other fintech.
Have you looked at brick and mortars recently? Just about all of them have horrible fees for everything. Like fees per check, fees per deposit, fees per ACH. On accounts with nearly 0 percent. When I was starting up bluevine was on hold for new accounts. So I signed up with Novo. Yes the same nearly 0 apr. Otherwise I have no fees for things I use. And a convenient, easy interface.
Bluevine has a 1.44% cost of deposits, compared to Valley’s 2.28%. Investor deck: https://s204.q4cdn.com/203646286/files/doc_presentations/2026/Sep/28/Accelerating-Valleys-National-Digital-Banking-Franchise.pdf?_sp=e5dd1525-2239-4edf-a183-e5f6781c8847.1790675346663
Surprised there were 175k active small businesses signed up at BlueVine with $2.1 billion in deposits. Average of $12k per business. You’d think small business owners would go for a traditional brick and mortar or credit union rather than a fintech like BlueVine.
To those considering Bluevine’s $500, be aware that they dislike paying it out judging from the comments. It requires $2k in biz debit card spend (already a crappy return on that, but regardless) each month for 3 months, and there’s a ton of exclusions on what counts for the $2k https://www.bluevine.com/excluded-merchants-card-transactions so you can’t just money order it out. Even for stuff that isn’t explicitly excluded I’d be careful since they love to come up with reasons to deny the bonus, but apparently rent via Bilt and taxes do work: https://www.doctorofcredit.com/bluevine-business-checking-300-bonus/#comment-2275440