Looking for a new business checking account? Dedham Savings is offering a $300 bonus when you open a new business checking account and meet a few simple requirements. The offer is available in MA.
Introduction
Running a business is challenging enough, so why not make your banking work for you? Dedham Savings is offering a $300 bonus when you open a new business checking account and complete a few qualifying steps. Along with the bonus, you’ll gain access to a suite of business services designed to streamline your financial management. Let’s take a closer look at how you can qualify for this bonus and the benefits that come with it.
Key Takeaways
- Earn $300 by opening a new Dedham Savings business checking account.
- Deposit a minimum of $2,000 in new money and maintain it for 60 days.
- Complete 5 qualifying transactions within 60 days of account opening.
- This offer is available until December 31, 2024.
How to Earn the $300 Business Checking Bonus
Here’s a step-by-step guide to earning the $300 bonus for opening a Dedham Savings business checking account:
- Open Your Account: Open a new business checking account at Dedham Savings. You can do this at any branch or online by filling out a quick form. Be sure it’s one of the qualified accounts like Basic Business Checking, Business Interest Checking, Community Checking, Cash Management Checking, or Municipal Checking.
- Fund Your Account: Deposit a minimum of $2,000 in new money into the account within 30 days of opening. This money must be new to Dedham Savings (not already on deposit).
- Maintain Your Balance: Keep the $2,000 balance for at least 60 days to meet the eligibility requirement.
- Complete 5 Qualifying Transactions: Within 60 days of opening your account, make at least 5 qualifying transactions. These transactions can include:
- Debit card purchases
- Bill Pay payments
- ACH credits or debits
- Wire transfers (credits or debits)
- Mobile or remote deposits
Once these requirements are met, the $300 bonus will be deposited into your account within 90 days.
Trending Checking Account Deal:
Why Choose Dedham Savings?
When you bank with Dedham Savings, you’re not just opening an account—you’re partnering with a team of local experts dedicated to helping your business succeed. Here’s what you can expect:
- Dedicated Representative: You’ll have a personal account representative, who’ll even share their cell phone number to make sure you always have direct access to support.
- Cash Management Services: From ACH payments to wire transfers, Dedham Savings offers a full suite of cash management services to keep your business running smoothly.
- Fully Insured Deposits: Your funds are fully insured by both the FDIC and DIF, giving you peace of mind no matter how much money you have in your account.
Important Terms and Conditions
Before jumping in, here are a few details you need to know:
- Offer Valid Until December 31, 2024: The $300 bonus offer is available for new business accounts opened before the end of the year.
- New Money Requirement: The $2,000 must be new to Dedham Savings and remain in the account for 60 days to qualify.
- Qualifying Transactions: Be sure to complete 5 eligible transactions within the first 60 days to earn the bonus.
- IRS Reporting: The $300 bonus will be reported as taxable income on IRS Form 1099-INT.
Our Take
This $300 bonus from Dedham Savings is a great opportunity for businesses looking to switch banks. The requirements are simple: open a new account, deposit $2,000, and make 5 qualifying transactions. Plus, with the added benefits of a dedicated representative and access to cash management services, Dedham Savings offers much more than just a checking account. The promotion runs until December 31, 2024, so if you’re thinking of switching your business banking, now’s the perfect time to do it!
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