Union Savings Bank Bonuses: $500 Business Checking Promotion (CT)

Find the latest Union Savings Bank bonuses, promotions, and offers here.

Update 3/10/25: The $500 business checking bonus has been extended through 3/31/25.

Union Savings Bank Bonuses Review

Since its inception in 1866, their mission has been to work for the benefit of the community rather than for the benefit of shareholders. USB is a mutual financial services organization committed to building lasting relationships that exceed the expectations of their customers and the communities they serve.

I’ll go over the Union Savings Bank bonuses & offers below.

Union Savings Bank $500 Business Checking Bonus

• What you’ll get: $500 Bonus
• Eligible account: Business Checking
• Availability: CT
• Credit Inquiry: Soft Pull
• Direct Deposit Required: No
• Monthly Fee: $7.50-$15; waivable
• How to earn it:
  • Open a new Basic Business Checking account by March 31, 2025.
  • Deposit and have an average balance of $2,500 and complete 15 qualifying transactions.
  • Bonus will be credited to the checking account from May 15, 2025, to July 15, 2025.

(Expires 03/31/2025)

Fine Print

• Offer valid from January 31, 2025, to March 31, 2025
• To receive a $500 bonus, open a new Basic Business Checking account at a Union Savings Bank branch. Have an average balance of $2,500 or more and complete 15 qualifying transactions from the first complete monthly statement (the month after the account was opened) to the third complete monthly statement. Qualifying transactions include deposits or withdrawals for ACH, ATM, debit card, checks, online bill payment or wire transfer.
• Offer is valid from January 31, 2025, to March 31, 2025 and may be cancelled without notice. New USB business checking customers only, identified by a unique tax identification number with no other Union Savings Bank business checking accounts closed in the last 12-months. Limit one bonus per business. Bonus will be credited to the checking account from May 15, 2025, to July 15, 2025. The account must be open and in good standing to receive the bonus. The bonus is subject to 1099 IRS reporting requirements. Business entity requirements apply. Sole proprietors are not eligible for the Basic Business checking account

Union Savings Bank $600 Checking & Savings Bonus (Expired)

• What you’ll get: Up to $600 Bonus
• Eligible account: Checking
• Availability: CT  (Bank Locator)
• Credit Inquiry: Soft Pull
• Direct Deposit Required: Yes
• Monthly Fee: $3-$20; waivable
• How to earn it:
  • To receive up to $150 bonus, open a new Essential Checking account (subject to approval) and deposit $25 or more at account opening; or open a new Core Checking account (subject to approval) and deposit $10 or more at account opening.
    • Get $50.00 if you make one qualifying direct deposit within 60 days of opening the account; and/or
    • Get $50.00 when you open a USB Debit Card and make 10 debit card purchases (signature or PIN) within 60 days of opening the account.
    • Additionally, get $50 when you open an Essential Savings Account at the same time as the checking account, and maintain a $500 average balance or more for 90 days from the date of account opening. New USB savings customers only.
  • To receive up to $600 bonus, open a new Access Checking account (subject to approval) and deposit $50 or more at account opening.
    • Get $300.00 if you make one qualifying direct deposit within 60 days of opening the account.
    • Additionally, get $300.00 when you open a companion Access Savings account at the same time as the checking account and maintain an average balance of $15,000 or more for 90 days from the date of account opening.

(Expires 10/16/2024)

Editor’s Note: Here’s an alternative link to the offer.

Fine Print

• To receive up to $150 bonus, open a new Essential Checking account (subject to approval) and deposit $25 or more at account opening; or open a new Core Checking account (subject to approval) and deposit $10 or more at account opening. Get $50.00 if you make one qualifying direct deposit within 60 days of opening the account; and/or get $50.00 when you open a USB Debit Card and make 10 debit card purchases (signature or PIN) within 60 days of opening the account. ATM transactions do not qualify. Qualifying direct deposits include recurring electronic deposits of payroll, pension or Social Security. Person-to-person, bank transfers or other electronic money transfers, such as those made through internet payment services, do not qualify. Additionally, get $50 when you open an Essential Savings Account at the same time as the checking account, and maintain a $500 average balance or more for 90 days from the date of account opening. New USB savings customers only.
• To receive up to $600 bonus, open a new Access Checking account (subject to approval) and deposit $50 or more at account opening. Get $300.00 if you make one qualifying direct deposit within 60 days of opening the account. Qualifying direct deposits include recurring electronic deposits of payroll, pension or Social Security. Person-to-person, bank transfers or other electronic money transfers, such as those made through internet payment services, do not qualify. Additionally, get $300.00 when you open a companion Access Savings account at the same time as the checking account and maintain an average balance of $15,000 or more for 90 days from the date of account opening. New USB savings customers only.
• Offer is valid from July 24, 2024 through October 16, 2024. New USB personal checking customers only. Limit one per household. Promotion may be canceled without notice. Bonus amounts will be credited to checking and/or savings account between September 24, 2024, and January 31, 2025, depending on the date you open the account. Account must be open and in good standing to receive bonus. Bonuses are subject to 1099 IRS reporting requirements. Employees of Union Savings Bank are not eligible.

How to Waive Monthly Fees

• Access Checking: $20.00 monthly, can be waived when you meet the following:
  • Maintain a minimum balance of $5,000 OR
  • Maintain combined deposit balances of $25,000, OR
  • Maintain combined deposit and loan balances of $50,000
• Essential Checking: $3 monthly service fee when primary owner of Essential Savings account is an owner of Essential Checking account;
  • $3 monthly paper statement fee if primary owner is under 60 years of age.
• Access Savings: No $5.00 monthly service fee when you maintain a minimum daily balance or have an Access Checking account
• Essential Savings: No $3.00 monthly service fee when you maintain a minimum daily balance or have an Essential Checking account
• Young Savers Account: No monthly service charge
• Basic Business Checking: $7.50 monthly, can be waived when you meet the following:
  • $500 minimum daily balance maintained
• Business Relationship Checking: $12.00 monthly, can be waived when you meet the following:
  • $25,000 minimum daily balance
  • First two months are free for new customers only
• USB Advantage Business Checking: $15.00 monthly, can be waived when you meet the following:
  • Average Monthly Ledger Balance of $35,000.00 or combined Deposit and Loan balances of $50,000.00 are maintained
  • Enrolled in USB Merchant Services and USB Business Credit Card.
  • Monthly service fee is waived for the first month for new USB Advantage Business Checking customers only.

Conclusion

Although this bonus is rather generous, there are quite a few requirements in order to receive the maximum bonus amount. Furthermore, I would be sure to check if this triggers a hard or soft pull before opening the account.

Feel free to comment on this post with any questions you may have about Union Savings Bank, their accounts they offer, or coupon codes.

I would check out a list of our Savings, Money Market, and CD Rates to find other generous promotions you can utilize.

• Best Savings/Money Market rates
• Best CD Account rates

If you are not eligible for these promotions, use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.

Check back often for more Union Savings Bank Bonuses, Promotions, or Offers!