[CA, IL, NJ, NY, TX, VA] Hanmi Bank Up To $2,000 Business Checking Bonus

Update 1/3/26: Promotion is back through 12/31/26, same terms.Hat tip to RM

Offer at a glance

Maximum bonus amount: $750

Availability: CA, IL, NJ, NY, TX, VA

Direct deposit required: No

Additional requirements: See below

Hard/soft pull: Soft pull

ChexSystems: Unknown, not sensitive

Credit card funding: Unknown

Monthly fees: $8, avoidable

Early account termination fee: Six months, bonus forfeit

Household limit: None listed

Expiration date: None listed

The Offer

Direct link to offer

Hanmi Bank is offering a business checking bonus of up to $2,000:

Earn 25,000 Bonus Points When you maintain at least $15,000 average daily balance for the first 3 months

Earn 100,000 Bonus Points When you maintain at least $50,000 average daily balance for the first 3 months

Earn 200,000 Bonus Points When you maintain at least $100,000 average daily balance for the first 3 months

You must order, activate, and enroll your debit card in uChoose Rewards® within 30 days of account opening at uchooserewards.com

Avoiding Fees

Monthly Fees

Regular checking account has a $8 monthly fee.This is waived if you Maintain a minimum daily balance of $2,500.00 or average daily balance of $5,000.00 per statement cycle

Early Account Termination Fee

Bonus is forfeit if closed within six months.

Our Verdict

Upper tiers work out to be 7.5% APY, might be worth doing for some although it’s a lot of money to tie up.

Hat tip to reader RM

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Frequently Asked Questions

Certainly. Unlike personal loans, you won't face any penalties for settling your balance ahead of schedule. However, it's crucial to keep in mind that if your credit card comes with a 0% introductory offer, it's essential to clear your balance completely before the 0% promotion expires and interest charges apply.

However, you can include additional cardholders, each with their own card. While sharing the single credit limit, the primary cardholder remains responsible for settling the debt.

Potentially, yes. Credit card APRs are typically variable, allowing lenders to change rates, impacting your monthly payments. Additionally, be mindful that introductory 0% offers can lead to higher interest rates once they expire. So, it's wise to clear your balance before that happens, if feasible.

Indeed, credit builder cards exist for those with less-than-ideal credit scores. These cards offer lower credit limits (typically £150 to £1,200) and higher interest rates. Responsible use, including full and on-time payments, can gradually boost your creditworthiness, potentially opening doors to better credit card offers down the line.