Waterstone Bank Business Checking

WaterStone Bank pays $700 on a new business checking account that keeps an average balance of $50,000 or more through the third full statement cycle. Smaller balances earn less on a ladder that starts at $300 for $5,000, and enrolling in services such as positive pay adds another $125 to $150, which is how the page reaches the up to $1,000 it advertises. You also need at least 10 transactions in 90 days.

What you get at each tier

Eligibility

How to get the Waterstone Bank Business Checking bonus

1. Open a new eligible Waterstone Bank business checking account with a $100 minimum deposit.
2. Complete 10 or more customer-initiated transactions within 90 days of opening.
3. Maintain an average daily balance of $50,000 or more during the third full statement cycle.
4. Optionally enroll in positive pay or merchant services within 90 to 180 days for an extra bonus.

The fine print that matters

• Closing the account within 180 days triggers a payback fee equal to all bonuses received.
• Bonus is credited on the third full statement cycle, or the sixth if tied to merchant services.
• Bonus amounts may be reported to the IRS on Form 1099.
• Monthly minimum balance fees of $15 to $25 apply if balance requirements are not met.
• An inactive account fee of $10 per month applies after 60 days of inactivity.

Verification and reports

Confirmed against wsbonline.com on Aug 5, 2026. Based on 0 field reports. Status Limited reports is computed from those reports, never hand-set.

Spot something new or wrong? Send a tip. Corrections ship and are credited in the changelog.

Offer history

Sources: wsbonline.com offer page (checked Jul 21, 2026)