1Popular Business Checking Bonus Cash Offer (the “Offer”) is for a limited time for eligible customers only and may be terminated or discontinued at any time by Popular Bank, at its sole discretion. The Offer is not available to existing Popular Bank business checking account customers or to Popular Bank business checking account customers whose accounts have been closed after February 21, 2023. The Offer details, including account and deposit eligibility requirements, are outlined as follows: Customers are eligible to receive up to a $750 cash bonus under the following conditions: (1) Beginning February 21, 2023 through and including June 30, 2023, customer must open a qualifying business checking account from one of our Popular Bank Business Packages (Primary, Preferred, or Platinum). (2) Customer must fund the account within 30 days of account opening with a new minimum deposit of $5,000 (i.e., not currently in deposit with Popular Bank) by making one or more deposits. The deposit amount must be reflected in the account’s end-of-day balance on day 30. (3) Customer must maintain a monthly average balance in the account for two consecutive statement cycles following the initial 30-day period when the account was opened. The average balance amount must meet one of the required qualifying balance tiers to earn the appropriate cash bonus tier. The cash bonus offer level is determined by the following qualifying balance levels: $5,000-$19,999 = $250 cash bonus, $20,000 - $49,999 = $500 cash bonus, $50,000+ = $750 cash bonus. (4) Customer account will be credited within 30 days from the end of the month in which all Offer requirements are fulfilled. New Popular Bank Business Checking accounts must be open and in good standing at the time any cash bonus earned as part of the Offer is to be credited. Any cash bonus will be credited directly to an eligible customer’s new Popular Bank business checking account. To be eligible for the cash bonus, U.S. persons must furnish a valid IRS Form W-9 (Request for Taxpayer Identification Number and Certification). Foreign persons must furnish a valid IRS Form W-8BEN (Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting (Individuals) or a valid IRS Form W-8BEN-E (Certificate of Beneficial Owner for United States Tax Withholding and Reporting (Entities)). Accounts subject to backup withholding are ineligible.
2The cash bonus will be deposited as a credit on your account. Your account will be credited within 30 days from the end of the month in which all Offer requirements are fulfilled.
3Fees for Monthly Cash Deposits are as follows: For Popular Primary Business Checking Accounts there is a $0.35 fee per $100 of coin/currency deposited over $5,000. For Popular Preferred Business Checking accounts there is a $0.30 fee per $100 of coin/currency deposited over $10,000. For Popular Platinum Business Checking accounts there is a $0.25 fee per $100 of coin/currency deposited over $25,000.
4Items per statement cycle include checks deposited, checks paid, account transfers, ACH originated transactions, debit card transactions & deposit tickets posted to the account and count toward the allotted number of transactions based on the account. The allotted number of transactions for each account type os as follows: 100 monthly transactions for Popular Primary Business Checking accounts and $0.75 per item for each additional item, 250 monthly transactions for Popular Preferred Business Checking accounts and $0.50 per item for each additional item, 400 monthly transactions for Popular Platinum Business Checking accounts and $0.50 per item for each additional item. This number is the aggregate of transactions across all accounts included in the package.
5Your average daily checking balance is the sum of the daily account end of day balance, after all debits and credits have been processed, divided by the number of days within the statement cycle. The amount is an aggregate for all accounts included in the package. The monthly fee will be assessed if the average daily balance is not maintained.
United States
