Find an updated list of California Bank & Trust promotions, bonuses and offers here.
Update 7/29/24: The $2500 business checking bonus has been extended through 8/31/24.
About California Bank & Trust Promotions
For more than 60 years, California Bank & Trust has been helping generations of Californians —and California businesses — grow and prosper. There are nearly 100 branches through out the state. If you are not a resident in California, check out this list of nationwide bank bonuses for more fitting offers.
I’ll review the current offers below.
California Bank & Trust $2500 Business Checking Bonus
California Bank & Trust is offering a $2500 bonus when business owners open a new checking account and meet all the requirements.
- What you’ll get: $2500 bonus
- Account Type: Business Connect Checking, Business Growth Checking
- Availability: CA (Bank Locator)
- Credit Inquiry: Unknown
- ChexSystems: Unknown
- Opening Deposit: $50
- Credit Card Funding: Unknown
- Direct Deposit Requirement: None
- Monthly Fee: $10-$25; waivable
- Household Limit: Not listed
- Closing Account Fee: None listed
(Expires 08/31/2024)
| Chase Business Checking ($300 or $500 Bonus) | Bank of America Business Checking ($200 bonus offer) |
| U.S. Bank Business Checking ( $500 or $900 Bonus) | Axos Bank Basic Business Checking ($400 Bonus) |
| Axos Bank Business Interest Checking ($400 Bonus) | Huntington Unlimited Plus Business Checking ($1,000 Bonus) |
| Huntington Unlimited Business Checking ($400 Bonus) | Bluevine Business Checking ($300 Bonus) |
| Axos Business Premium Savings ($375 Bonus) | |
How To Earn Bonus
- For a limited time, open a new Business Checking Account, maintain a minimum balance and complete 10 qualifying transactions, and you’ll receive a cash bonus of up to $2,500. Plus save up to $200 on your first order of DeluxeChecks.
- To receive the cash bonus, the account must have at least an average ledger/current balance in the third full calendar month after account opening of $10,000 and perform ten (10) of any of the following transaction types by completion of the third full calendar month after the account opening: ACH Credit, Bill Pay, Checks Paid, Debit Card, Remote/Mobile Deposit, and Wires (Incoming/Outgoing).
- Bonus of $250 – $2,500 will be deposited into open checking account within 60 days of completion of qualifications and is limited to one (1) bonus payment per customer tax-ID number.
- Offer available to new Business Inspire, Business Growth, Business Connect, Community Checking, Business Interest, and Commercial Analyzed checking accounts opened with new money between January 1, 2024 – August 31, 2024.
- Minimum opening deposit of $50 required for all accounts except Commercial Analyzed Checking.
- To receive the cash bonus, the account must have at least an average ledger/current balance in the third full calendar month after account opening of $10,000 and perform ten (10) of any of the following transaction types by completion of the third full calendar month after the account opening: ACH Credit, Bill Pay, Checks Paid, Debit Card, Remote/Mobile Deposit, and Wires (Incoming/Outgoing). There may be a fee associated with these transactions.
- Bonus of $250 – $2,500 will be deposited into open checking account within 60 days of completion of qualifications and is limited to one (1) bonus payment per customer tax-ID number.
- All tax liabilities, if any, associated with the benefits are the responsibility of the recipient, and the recipient may receive an IRS tax reporting statement that includes the approximate retail value of the benefits.
- If tax documentation including a valid W-9 or W-8 is not completed, the prize may be forfeited.
- Offer is not available to existing CB&T business checking customers, public agencies, Political Action Committees, fiduciary accounts, or campaign accounts.
- Existing/Returning customers must have a period of 12 months without an open CB&T business checking account.
- Offer subject to change at any time.
- Please refer to the Deposit Account Agreement, Account Disclosure, and the Business Accounts Schedule of Fees or speak with a banker for more details.
How To Avoid Monthly Fees
- Anytime Checking: $6 (Avoid the monthly maintenance fee when you have $250 or more in total monthly direct deposits, OR at least 10 debit or credit card transactions OR when the primary account owners is 25 years old and younger)
- Anytime Interest Checking: $15 (Enjoy no monthly maintenance fee when you maintain a minimum daily balance of $1,500 or a combined deposit and consumer loan balance of at least $10,000.)
- Premium Interest Checking: $25 (Enjoy no monthly maintenance fee when you maintain a combined deposit balance of $10,000 OR a combined deposit and consumer loan balance of $25,000)
- Senior Advantage Checking: $5 (Enjoy no monthly maintenance fee3 when you maintain a minimum daily balance of $500 or at least $250 deposited per month by ACH direct deposit)
- OnBudget Banking: $5 monthly fee
- Military Advantage Checking: $5 (Enjoy no monthly maintenance fee when you maintain a minimum daily balance of $500 or at least $250 deposited per month by ACH direct deposit)
- Business Inspire Checking: $10 ($10, waived when you maintain a minimum daily balance of at least $1,000, or conduct $1,000 or more in transactions (debit or credit) each month.
- Business Growth Checking: $15 ($15, waived when you maintain a minimum daily balance of at least $2,500, or maintain a combined loan and credit card balance of at least $10,000.)
- Business Connect Checking: $25 ($25, waived when you maintain a combined deposit balance of at least $10,000, or maintain a combined loan and credit card balance of at least $50,000 or pay $150 or more for other qualified banking services per statement cycle. )
- Business Interest Checking: $20 ($20, waived when you maintain a minimum daily balance of at least $3,500.)
- Community Business Checking: $10 ($1,000 minimum daily balance OR combined deposit balance of at least $10,000 OR pay greater than $150 in other qualified banking services.)
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Bottom Line
These are all the current California Bank & Trust promotions and offers. If you are a business looking for an account this may be an offer for you. This offer is nice considering it is soft pull, however there are other pesky requirements such as the monthly fee that make this account unattractive. Nevertheless, it’s still worth a look if you can meet the account requirements.
CDs and Savings accounts are a great way to save money. Check out our full list of some of the best Bank Rates and CD Rates nationwide.
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