KeyPoint Credit Union's $500 Business Checking Bonus: What You Need to Know

If you're running a small business in California, here's a solid opportunity to pad your checking account with a $500 bonus. KeyPoint Credit Union is currently offering a limited-time promotion for their Elite Business Checking account. It's not a no-strings-attached deal, but if your business already has steady cash flow and you're comfortable with a few requirements, it's worth a closer look.

How to Snag the $500 Bonus

First things first: this offer is only available in-branch. You'll need to visit a KeyPoint location to open the account, and you must mention the promo code BUS26 when you do. The account requires a $100 minimum deposit to get started.

Once the account is open, you have 15 calendar days to get your balance up to at least $2,000. That's your first milestone. After that, you need to maintain an average daily balance of $2,000 for 90 consecutive days. During that same 90-day window, you also need to complete at least 20 qualifying transactions of $5 or more each. The bank counts debit card purchases, ACH credits/debits, wire transfers, Zelle transactions, and remote deposit captures. ATM withdrawals, in-branch cash withdrawals, and reversed transactions don't count.

If you meet both the balance and transaction requirements, KeyPoint will deposit the $500 bonus into your account within 30 days.

• Open Elite Business Checking in-branch with promo code BUS26
• Deposit $100 to open, then reach $2,000 balance within 15 days
• Maintain $2,000 average daily balance for 90 days
• Make 20 qualifying transactions of $5+ each within 90 days
• Bonus credited within 30 days after meeting requirements

Who Qualifies and What to Watch For

This offer is for new business members only. If you've closed a KeyPoint business account within the past two years, you're out of luck. Also, the account must be opened using a valid Employer Identification Number (EIN). Sole proprietors using a Social Security Number won't qualify for the bonus.

The Elite Business Checking account normally charges a $15 monthly fee, but that's waived as long as you maintain a $2,000 average daily balance. Since you need that balance for the bonus anyway, you won't pay the fee during the qualification period. Just keep an eye on it afterward if you plan to keep the account open.

One more thing: KeyPoint says they reserve the right to deny the bonus if they suspect the transactions were manipulated just to qualify. So don't try any funny business—just use the account normally for your everyday business expenses.

• New business members only (no closed accounts in past 24 months)
• Must use EIN, not SSN or personal taxpayer ID
• KeyPoint employees and officials are not eligible
• Cannot be combined with other promotions
• Bonus is taxable income; KeyPoint will report it to the IRS

Bottom Line

• The $500 bonus is a great deal if your business already keeps a $2,000 balance and makes regular transactions.
• You must visit a branch to open the account—no online applications for this promo.
• Plan ahead: the 90-day qualification period means you won't see the bonus for at least 3-4 months.
• Don't forget to use promo code BUS26 when opening the account.

Common Questions