[NY, In Branch] Hudson Valley Federal Credit Union $750 – $1,500 Business Checking Bonus

Offer at a glance

• Maximum bonus amount: $1,500
• Availability: NY, in branch only
• Direct deposit required: None
• Additional requirements: See below
• Hard/soft pull: Soft pull
• ChexSystems: Unknown
• Credit card funding: Up to $10,000. Probably won’t work in branch
• Monthly fees: $10 – $20, avoidable
• Early account termination fee: $25
• Household limit: None
• Expiration date: 05/23/2025

The Offer

Direct link to offer

• Hudson Valley Federal Credit Union is offering a checking bonus of $750 (value business checking) or $1,500 (Enhanced Business Checking account).
  • Open your first HVCU Value Business Checking or HVCU Enhanced Business Checking account
  • Make qualifying deposit(s) of at least $2,500 for a Value Business Checking or $7,500 for an Enhanced Business Checking account. You must maintain the respective average balance in the account through the end of the third full calendar month after the account opening to earn the cash incentive.
  • Enroll in Online Banking services
  • Complete 10 qualifying transactions within 90 days of enrollment. Qualifying transactions include a combination of deposits, ACH credits, wires, bill pay, and debit card purchases.

The Fine Print

• This offer is available to new and existing business members who do not currently have an HVCU business checking account. Existing members with a business checking account are not eligible for this promotion. Accounts are subject to approval. Limit one offer per business member. To qualify for the business checking offer, you must:
  • Open your first HVCU Value Business Checking or HVCU Enhanced Business Checking account.
  • Make qualifying deposit(s) of at least $2,500 for a Value Business Checking or $7,500 for an Enhanced Business Checking account. You must maintain the respective average balance in the account through the end of the third full calendar month after the account opening to earn the cash incentive.
  • Enroll in Online Banking services
  • Complete 10 qualifying transactions within 90 days of enrollment. Qualifying transactions include a combination of deposits, ACH credits, wires, bill pay, and debit card purchases.

     

• Offer valid from 03/03/2025 to 05/23/2025. After all requirements are met, the cash incentive will be deposited into your new business checking account within 30 days. To receive the cash incentive, your account(s) must be open and in good standing, as applicable.

   

• Offer is valid for one-time use per business member. Employees of HVCU are not eligible. HVCU reserves the right to withdraw this offer at any time without notice. The cash incentive may be subject to IRS reporting. Consult a tax professional regarding reporting requirements, as this offer is not intended to provide tax advice or guidance.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

• HVCU Value Business Checking has a $10 monthly fee. This is waived with a $2,500 balance.
• HVCU Enhanced Business Checking has a $20 monthly fee. This is waived with a $7,500 balance.

Early Account Termination Fee

According to the fee schedule there is an early account termination fee of $20 if closed within 90 days of account opening.

Our Verdict

Huge bonuses given the requirements are easy to meet. Definitely worth doing if eligible. Will add to our list of the best bank account bonuses.

Hat tip to reader Tikky

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