[WI only, In Branch] WaterStone Bank $300-$1,000 Business Checking Bonus

Update 9/26/26: There is now a $1,000 bonus available.

Update 2/8/26: There is now a $300 and $500 bonus, but accounts need to be opened in branch.Looks like there is also a veterans only bonus that is bigger/easier to meet the requirements for.Hat tip to reader snailrock

Update 11/21/25: Bonus now $300 (increased from $250).

Offer at a glance

Maximum bonus amount: $250

Availability: WI only

Direct deposit required: No

Additional requirements: See below

Hard/soft pull: Soft pull

ChexSystems: Unknown

Credit card funding: Unknown

Monthly fees: None

Early account termination fee: 90 days, $30 fee

Household limit: One

Expiration date: None listed

The Offer

Direct link to offer

WaterStone Bank is offering a $300 bonus when you open a new business checking account and complete the following requirements:

$2,500 Average Balance

Check or ACH Positive Pay Enrollment

$500 bonus with the following requirements:

$5,000 Average Balance

Check or ACH Positive Pay Enrollment

ACH Origination Enrollmen

The Fine Print

^Business Checking bonus offerer requires a new WaterStone Bank SSB (WSB) Business Checking account and requires account to be open and active for the entire statement cycle* in order to qualify for the bonus.Business Checking account requires $100.00 minimum
balance to open the account and does not pay interest.

Offer(s) applies to new checking account customers only and does not apply to individuals that closed a WSB checking account within the past 180 calendar days.

Offer is redeemable at any branch location, cannot be combined with other offers, is limited to one per customer and is not valid to individuals that received an incentive under another
offer in the past 5 years.

For tax reporting purposes, a 1099 form may be issued at yearend for recipients of bonuses.

A statement cycle may be from the First day of a month to the last day of that same month.

To determine your statement cycle please ask your Personal Banker at time of account opening.

Bonus will be paid on the last day of the First full statement cycle.

Offer is limited to one per customer or household.

Account must be open and active for 180 calendar days, or a $30.00 closing fee may be assessed at account closing.

See Account Disclosure for more information.Offer subject to change at any time.

All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Business Essential Checking is the easiest to keep fee free.This has a $15 fee that is waived with:

Daily Balance of $200.00 or Average Daily Balance of $500.00

Early Account Termination Fee

$30 fee if account is closed within 180 days of account open

Our Verdict

Terms don’t really say what you have to do keep the account active.

Useful posts regarding bank bonuses:

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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.