Comerica Bank Offers $400 Small Business Checking Bonus

Comerica Bank is giving out a $400 bonus for its small business customers. This is their way of giving your business a stimulus package. This offer is being called the “Comerica Small Business Sensible Stimulus Package”.

Unlike most bank bonuses, which require you to sign up for a new banking account, Comerica is giving its bonus to active Comerica business checking accounts. These are people who already have an opened account with the bank. To be active you must have 5 or more customer-initiated transactions per statement cycle. Along with having an active account, you will need to establish a new qualifying account and/or service between October 5 and November 27th, 2009. You can register at Comerica.com/grow by December 8th, 2009 and your participation will begin on the first month after you have registered.

Comerica Stimulus Package Bonuses

  • You will receive $100 bonus when you subscribe to and use the Comerica Bank Payment Solution Package for 6 months.
  • You will receive another $100 when you use your Comerica Business Check Card an average of 6 or more time each month for 6 months.
  • $50 when you open a new Comerica Business Credit Card.
  • $100 when you sign up for and use Comerica Merchant card processing services (speak to their merchant services to find if you can get a better rate than you currently are).
  • $50 when you sign up for and use Comerica Business Deposit Capture for 6 months.

Most banks offer bonuses to get you to deposit new money into their bank, so Comerica has added another incentive to add money to your account. When you add $25,000 of new money in your Comerica Business Checking Account, you will receive:

  • A free scanner
  • Waived start-up costs
  • A free 2-year maintenance plan.
  • A total benefit valued at $674

Additional details of this deal:

Qualifying bonus payments will be deposited into your Comerica business checking account about 6 months after your eligibility.

You must keep each account open and active for at least 6 consecutive months to qualify.

A maximum cash bonus of $400 will be paid per business. Limit one payout per business entity.

This program and bonuses ends August 31, 2010. Cash bonus is considered interest and will be reported on IRS form 1099-INT.

Learn more about this deal here.


KeyBank Opens In Colorado Offers High CD Rate and $200 Checking Bonus

keybank logoAnyone looking for a new bank may want to take a few minutes to check out KeyBank. Colorado is KeyBank’s first venture outside of the Northwest and Northeast (outside of Florida) and may be a sign of the bank looking to expand across the country. You can find a location near you by visiting their promotional page here.

To celebrate the expansion into Colorado, KeyBank is now offering a 16 month and 32 month CD special with rates of 1.75% and 2.75%. These rates are competitive to the highest cd rates of today, but the minimum deposit is $10,000, which is high compared to what is available. An example is, Discover Bank has a 2.35% rate on a 30 month CD with a minimum deposit of $2,500 and ING Direct’s 2.10% 12 month CD has no minimum deposit. These CD specials are also only available at the new Colorado branches only.

The best deal with KeyBank opening in Colorado is that they are giving out a $200 checking bonus to anyone who opens a new account at one of the new locations. You will not find the deal on its website, but can find a print ad that has been running in the Denver Post. To earn the $200 bonus all you need to do is open the account by 12/4/09 and make one debit card transaction and a combination of two direct deposits and/or automatic payments each of $100 or more by 2/5/10.