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To receive the $300 business checking bonus: 1) Open a new Banner Bank Basic Checking, Complete Business Checking (with or without interest) or Complete Plus Business Checking account, which requires a minimum opening deposit of $100, AND; 2) Deposit a total of $2,000 or more in new money (not held at Banner Bank) into your new checking account within 60 days of account opening; AND 3) Maintain at least a $2,000 minimum daily balance for an additional 60 days. After you have completed all the above requirements and your account has been open for at least 90 days, we'll deposit the bonus into your new account within 30 days. Account must be in an open status and in good standing at the time of payout.
To receive the $100 business savings bonus: 1) Open a Banner Bank Business Savings, Business Money Market or Banner’s Best Business Savings account, which requires a minimum opening deposit of $100, or open a High Yield Relationship Savings account, which has a minimum opening balance of $25,000 new money to Banner Bank, at the same time your Banner Bank business checking account is opened; AND 2) Deposit a total of $1,000 or more in new money within 60 days of account opening; AND 3) Maintain a $1,000 minimum daily balance for an additional 60 days. After you have met the above requirements and your accounts have been open for at least 90 days, we'll deposit the bonus into your new account within 30 days. Account must be in an open status and in good standing at the time of payout.
Minimum balance of $100 at account opening is required for business checking, Banner Bank Business Savings, Banner's Best Business Savings and money market accounts. The High Yield Relationship Savings account has a minimum opening balance of $25,000, which must be new money to Banner Bank. Deposits are subject to verification and not available for immediate withdrawal. Deposit limits and other restrictions apply.
Account Closing: Business checking, savings or money market account must be in an open status and in good standing at the time of payout. If the business checking, savings or money market account is closed within six months of account opening and after bonus payment, we will deduct the bonus amount at closing. Bonus is considered interest and will be reported on IRS Form 1099-INT (or Form 1042-S, if applicable). Please consult your tax advisers concerning the reporting to Internal Revenue Service of bonus payments as interest on accounts. Offer expires 6/30/2023.
Annual Percentage Yield (APY) accurate as of 4/27/23. Monthly service charge of $10 is waived when you meet one of the following criteria during that monthly statement cycle: $5,000 minimum daily balance or $10,000 average daily combined balance for checking and savings deposit relationship. Public fund accounts not eligible. Additional restrictions may apply.
To receive the offer, you must open your account online at bannerbank.com or at a Banner Bank branch and use the promo code at account opening that was provided to you by Banner Bank. Standard account opening requirements apply. Offer is not available to existing Banner Bank clients, or those whose accounts have been closed within the last 2 years. One bonus per individual. Offer is subject to change without notice and may not be combined with any other offer. Must meet standard account opening requirements. Offer available to residents of OR, WA, CA or ID only. Employees of Banner Bank, its affiliates and subsidiaries are not eligible for this offer.
To receive the $100 checking bonus: 1) Open any new Banner Bank personal checking account; AND 2a) Complete at least $1,000 of direct deposits; OR 2b) Have a minimum daily balance of $1,000 or more within 30 days of account opening and maintain for 60 days. After you have met the above requirements and the account has been open for 90 days, we'll deposit the bonus into your new account within 30 days. Account must be in an open status and in good standing at the time of payout.
Your direct deposit needs to be an electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or the government. Person to Person payments or mobile check deposits are not considered a direct deposit. Micro-deposits do not qualify as a direct deposit for the bonus. Micro-deposits are small deposits, typically less than $1, that are sent to your account to verify it is the correct account. Deposits are subject to verification and not available for immediate withdrawal.
To receive the $100 savings bonus: 1) Open a Banner Bank personal savings or money market account at the same time your Banner Bank checking account is opened; AND 2) Deposit a total of $1,000 or more in new money within 30 days of account opening; AND 3) Maintain a $1,000 minimum daily balance of $1,000 or more for 60 days; AND 4) Set up monthly recurring auto transfers of $25 or more from your Banner Bank checking account to your Banner Bank savings or money market account. After you have met the above requirements and your accounts have been open for 90 days, we'll deposit the bonus into your new account within 30 days. Account must be in an open status and in good standing at the time of payout.
Minimum opening balance of $25 for Connected Savings; $50 for Connected Checking, Rewards Checking and Banner's Best Checking; $100 for Money Market Savings and Banner's Best Savings.
Account Closing: Checking, savings or money market account must be in an open status and in good standing at the time of payout. If the checking, savings or money market account is closed within six months of account opening and after bonus payment, we will deduct the bonus amount at closing. Bonus is considered interest and will be reported on IRS Form 1099-INT (or Form 1042-S, if applicable). Please consult your tax advisers concerning the reporting to Internal Revenue Service of bonus payments as interest on accounts. Offer expires 6/30/2023.