Amalgamated Bank Promotions: $150, $300 Business Checking Bonuses (Nationwide)

Find the latest listing of Amalgamated Bank promotions, bonuses, and offers here.

Update 4/30/24: The $150 or $300 business checking bonus offers end today, 4/30/24!

About Amalgamated Bank Promotions Review

I’ll go over Amalgamated Bank offers below.

Amalgamated Bank $150 or $300 Business Checking Bonus

• What you’ll get: Up to $300 bonus
• Availability: Nationwide. Branches in NY
• Direct deposit requirement: No
• Credit Inquiry: Soft Pull
• Monthly fees: $0
• How to earn it:
  • Open your new checking account
  • Fund your account and meet eligibility requirements
    • $150 bonus: Amalgamated Business Checking: Minimum Average Monthly Balance: $2,500.00 every month for 3 consecutive months following one full calendar month after account opening.
    • $300 bonus: Amalgamated Business Checking Plus: Minimum Average Monthly Balance: $15,000.00 every month for 3 consecutive months following one full calendar month after account opening.
  • Receive one time cash bonus paid to your account

(Expires 04/30/2024)

Fine Print

• Offer not available to existing or prior Business Checking or Commercial Checking customers of the Bank within the last 6 months.
• Qualifying transactions during the first 3 months starting the month after account opening include: ACH Credit, ACH Debit, Wire, Items Deposited, Checks Paid, Mobile Deposit, Bill Pay, Zelle®, and Point of Sale Purchases.
• Maintain an average daily balance and meet the qualifying transactions during the first three (3) consecutive months starting the month after account opening. For example, if you opened an account on February 26, 2024 and you do not fund the account by March 31, 2024 you will not qualify for the promotion. Upon the Bank’s determination of meeting the requirements, the one-time cash bonus will be credited to your checking account within 45 calendar days from the date you met the requirements.
• APY means Annual Percentage Yield. Rates effective as of November 13, 2023. APY is subject to change without notice.
• New money is defined as deposits not previously held by Amalgamated Bank.

Amalgamated Bank Up to $2,000 Checking Bonus (Expired)

• What you’ll get: Up to $2,000 bonus
• Availability: Nationwide. Branches in NY
• Direct deposit requirement: No
• Credit Inquiry: Soft Pull
• Monthly fees: $0
• How to earn it:
  • Open a new Online Checking or Affordable Checking account2 between May 30, 2023 and July 28, 2023 (11:59pm Eastern, Central, & Pacific time)
  • Fund the new Online Checking or Affordable Checking account with new money4 only within 20 calendar days5 of account opening; and
    • Deposit $30,000.00 – $74,999.00 and earn a $500 bonus
    • Deposit $75,000.00 – $199,999.00 and earn a $1,000 bonus
    • Deposit $200,000.00 – $299,999.00 and earn a $1,500 bonus
    • Deposit $300,000 or greater and earn a $2,000 bonus
  • Beginning on the 21st day maintain the qualifying balance for 90 consecutive calendar days in the respective bonus tiers to earn the one time cash bonus.

(Expires 07/28/2023)

Fine Print

• Joint and multi-party account ownership only qualify for payment of the one time cash bonus.
• A new Online Checking or Affordable Checking customer is defined as a customer with no prior checking relationship with Amalgamated Bank within the last 90 calendar days.
• Account must be opened during May 30, 2023 – July 28, 2023. Offer may be discontinued or changed at any time prior to the expiration date without notice. The Online Checking account or Affordable Checking account must remain open and in good standing at the time we attempt to deposit the bonus payment.
  Please note that an account with a zero balance for more than 30 calendar days will result in your account being closed by us without prior notice, as further described in the Deposit Account Agreement.
• New money is defined as deposits not previously held by Amalgamated Bank.
• If your 20th day falls on a Non-Business Day we will count the first Business Day after your 20th Day. Amalgamated Bank business days are Monday through Friday, excluding holidays.
• Your one time cash bonus is determined by the lowest account balance during the 90 calendar day period. Please understand if your Balance falls into a lower Balance Level for even one day during the 90 calendar days, your Bonus will change (see Promotional Rate Information section). For example, if your Balance on the 20th Day is $200,000, the maximum Bonus you could earn is $1,500, as long as the $200,000 balance was maintained for the 90 calendar days. If your starting balance was $200,000 on Day 21, and fell to $150,000 during the 90 calendar day period, then the Maximum Bonus you can earn changes to $1,000.

Amalgamated Bank $250 Money Market Bonus (Expired)

• What you’ll get: $250 bonus
• Availability: Nationwide. Branches in NY (Bank Locator)
• Direct deposit requirement: No
• Credit Inquiry: Soft Pull
• Monthly fees: $0
• How to earn it:
  • Open a new Money Market account between March 28, 2023 and May 26, 20233 ; and ​​​
  • Fund the new Money Market account with new money only; and
  • Maintain opening deposit requirements for 90 consecutive calendar days in the respective Bonus tiers illustrated in the table below
  • Minimum opening deposits vary to be eligible for the cash bonus. For minimum balances requirements to obtain APY and cash bonus, refer to the balances and bonus tiers listed in the table below.
    • $100 bonus: $10,000 – $24,999.99
    • $150 bonus: $25,000 – $49,999.99
    • $200 bonus: $50,000 – $99,999.99
    • $250 bonus: $100,000+

(Expires 05/26/2023)

Fine Print

• The value of the bonus may have to be reported to the IRS. Consult with your tax advisor for tax advice.
• APY means Annual Percentage Yield.
• Money market account is considered open and eligible for promotion upon bank approval and receipt of account funding by May 26, 2023.
• The Federal Deposit Insurance Corporation (FDIC) grants deposit insurance of $250,000 per account title. You may also qualify for more than $250,000 in FDIC coverage at Amalgamated Bank if you have single accounts, joint accounts, Individual Retirement Accounts and trust accounts.
• Fees may apply for non-Amalgamated, non-Allpoint® and international ATM transactions.
• Allpoint+® ATMs may not be available in all states.
• Your mobile carrier’s message and data rates may apply.
• To qualify for the Money Market promotion, you must meet the minimum balance requirements to obtain the APY and cash bonus illustrated in the table above. To open a non-promotional Money Market account online, $100 minimum deposit is required. No minimum deposit is required to open a Money Market Account in branch. There is a maximum account opening funding capability of $100,000 if opened online, if opened in branch there are no deposit funding restrictions. Additional deposit may be made by visiting an Amalgamated Bank branch or by making an Electronic Funds Transfer (“EFT”). An EFT includes, ACH, Wire, External Transfers, and Internal Transfer

Amalgamated Bank $250 Checking Bonus (Expired)

• What you’ll get: $250 bonus
• Availability: Nationwide. Branches in NY (Bank Locator)
• Direct deposit requirement: Yes
• Credit Inquiry: Soft Pull
• Monthly fees: $0-$25; waivable
• How to earn it:
  • Open a new Online Checking account between December 6, 2022 and January 31, 2023
  • Fund your new Online Checking account with external funds
  • Enroll in Amalgamated Online Banking
  • Make direct deposits of at least $500 for two consecutive months by April 30, 2023
  • Cash incentives will be paid on or before June 30, 2023, once all account requirements have been met

(Expires 01/31/2023)

Fine Print

• This account can only be opened online. It cannot be opened at an Amalgamated Bank branch.
• The value of the bonus may have to be reported to the IRS. Consult with your tax advisor for tax advice.
• Online checking account is considered open and eligible for promotion upon bank approval and receipt of account funding by February 15, 2023.
• Direct deposit include ACH credits of payroll, pensions or government payments payable to you. Note: that a direct deposit of less than $500 will not qualify you for the $250 bonus. All three requirements must be met by 03/31/2023. Offer is limited to one per customer and is only valid for accounts in good standing.

How To Avoid Monthly Fees

• Online Checking: no monthly maintenance fee
• Affordable Checking: $0 monthly maintenance fee
• Convenience+ Checking: $0 monthly maintenance fee with a qualified direct deposit or $10 if no direct deposit
• Give-Back Checking: None listed
• Amalgamated Business Checking: No monthly maintenance fee
• Amalgamated Business Checking Plus: No monthly maintenance fee

Author’s Verdict

If you are interested, be sure to apply while you still can today!

For more current offers, check out our bank bonuses page. Compare rates for CDs and Savings with our best rates for Savings and CD accounts.

Be sure to check more popular bank promotions include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank, and many more.