Please consult your tax advisers concerning the reporting to Internal Revenue Service of bonus payments as interest on accounts. Bonus is considered interest and will be reported on IRS Form 1099-INT (or Form 1042-S, if applicable). 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. Deposit limits and other restrictions apply.Īccount Closing: Business checking, savings or money market account must be in an open status and in good standing at the time of payout. Deposits are subject to verification and not available for immediate withdrawal. The High Yield Relationship Savings account has a minimum opening balance of $25,000, which must be new money to Banner Bank. 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. Account must be in an open status and in good standing at the time of payout. 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. 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 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. 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. Offer is subject to change without notice and may not be combined with any other offer. Offer is available to businesses with addresses in OR, WA, CA or ID only. Employees of Banner Bank, its affiliates and subsidiaries are not eligible for this offer. Offer also not available for local, state or Federal Government entities or agencies, Not for Profit organizations, Political Action Committees, or those with campaign accounts, or whose accounts have been closed within 90 days or closed with a negative balance within the last 3 years. Offer is not available to existing business entities with tax ID already on file with Banner Bank. ![]() You can receive only one bonus per business entity with a unique tax ID. ![]() ![]() Standard account opening requirements apply. Banner Bank is not responsible for, and will not honor, promotional offers that appear on non-Banner Bank websites or that are not authorized by Banner Bank. To receive the offer, you must open your account online at or at a Banner Bank branch and use the promo code at account opening that was provided to you by Banner Bank.
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