Amalgamated Bank $150 – $300 Business Checking Bonus Offer – Ends 7/31/23

Earn up to a $300 bonus for opening a new business checking account with this offer from Amalgamated Bank.

Established in 1923 in New York, Amalgamated Bank has a small footprint with just a little over 10 physical branches but they do offer nationwide availability with their online Checking and Savings accounts. Rates can often be much better than other traditional banks.

• Update 7/26/2023: Offer extended through 7/31/2023.

See the bottom of this page for all offers from this institution.

Amalgamated Bank Offer Details

• What you’ll get: Up To $300 bonus
• Where it’s available: Nationwide
• How to earn it:
  • Amalgamated Business Checking Offer
    • One Time Cash Bonus: $150.00
    • Minimum Average Monthly Balance: $2,500.00 for 3 consecutive months after one full calendar month from account opening.
    • Qualifying Transactions: 25
  • Amalgamated Business Checking Plus Offer
    • One Time Cash Bonus: $300.00
    • Minimum Average Monthly Balance: $15,000.00 for 3 consecutive months after one full calendar month from account opening.
    • Qualifying Transactions: 50
• When it expires: 7/31/2023

Waive The Monthly Fee

• Amalgamated Business Checking:
  • No monthly fees.
  • No minimum balance requirement.
• Amalgamated Business Checking Plus:
  • $25 monthly fee.
  • Fee waived with a minimum balance of $15,000.

READ MORE: GET TOP BONUSES FROM CHASE, AXOS, BANK OF AMERICA AND BMO.

Fine Print

• A new Business Checking customer is someone who has not had a business checking relationship with Amalgamated Bank in the last 90 calendar days.
• To qualify for the promotion:
  • Fund your account and maintain a minimum average balance for 3 consecutive months.
  • Meet the qualifying transactions after one full calendar month from account opening.
  • Example: If you opened an account on May 22, 2023, you must fund the account by June 30, 2023, to be eligible for the promotion.
• Once the Bank confirms that you have met the requirements, the cash bonus will be credited to your checking account within 45 calendar days from the date you fulfilled the requirements.

READ MORE: TAKE A LOOK AT THIS DEAL GETTING USERS HUNDREDS IN BONUSES

Bottom Line

The $300 bonus may not be worth pursuing since placing $15,000 in a 5% earning account would generate $187.5 in interest anyway.

However, the $150 bonus is worth considering. It’s worth noting that this is the first business bonus offered by Amalgamated.

See more from Amalgamated:

• Best Socially Responsible & Ethical Banks January 2024
• Amalgamated Bank Bonus: Up To $2,000 Checking Account Deposit Offer [Nationwide] – Ends 7/28/23
• Amalgamated Bank $250 Money Market Account Bonus & Earn 3.5% APY [Nationwide] – Ended
• Amalgamated Bank $250 Checking Account Bonus [Nationwide] – Ended

READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.