2UFi Business Checking Bonus: $500 for a Few Easy Steps

If you run a small business or even a side hustle, a little extra cash never hurts. Right now, 2UFi is offering a $500 welcome bonus on their Business Spending checking account. The requirements are pretty straightforward, and there's no monthly fee to worry about. Let's break down what you need to do to snag this bonus and whether it's worth your time.

How to Earn the Bonus

The process is pretty simple. You open a new 2UFi Business Spending account with at least $50. Then, within the first 15 days, you need to deposit a total of $3,000. After that, you just need to keep an average monthly balance of $3,000 for the next two full calendar months. Finally, make 7 debit card purchases (ATM withdrawals don't count) within the first 90 days. Once all that's done, the $500 bonus lands in your account within 14 business days.

One thing to note: the $3,000 average balance is based on the two full calendar months after the 15-day funding period. So if you open your account mid-month, your first qualifying month might start on the 1st of the next month. Keep that in mind when planning your deposits.

The Fine Print You Should Know

This offer is only for new business deposit clients who haven't had a 2UFi or affiliated business checking account in the past 12 months. Also, it's limited to one bonus per business entity. You'll need to keep the account open and in good standing until the bonus is paid, and the bonus is considered taxable income—so expect a 1099 form.

The offer is non-transferable and can't be combined with other promotions. Also, 2UFi employees and their immediate family members aren't eligible. Standard account terms apply, and approval is subject to the bank's discretion.

Is There a Catch?

The biggest unknown is availability. The offer page doesn't specify which states are eligible, and some users have reported that certain states can't proceed. It might be that states like CO, FL, ID, KS, MO, NM, TX, UT, and WY are excluded, but that's not confirmed. You'll only know when you try to apply.

Also, there's no info on whether they pull ChexSystems or if there's an early account termination fee. Since there's no monthly fee, you can leave the account open without penalty, but if you plan to close it after getting the bonus, you might want to check the terms carefully. Some banks charge a fee if you close within a certain period.

Why This Bonus Stands Out

Beyond the $500, the account itself has some nice perks. There are no monthly fees, no minimum balance, and no overdraft fees. Plus, 2UFi automatically sweeps your eligible funds into a savings account each night, earning 5.00% APY on balances up to $10,000. That's a solid rate for a business checking account.

You also get unlimited transactions, free standard ACH, and the ability to deposit checks instantly. So it's not just a bonus grab—it could be a genuinely useful account for your business.

Bottom Line

• Open a 2UFi Business Spending account with $50, deposit $3,000 in 15 days, maintain a $3,000 average for two months, and make 7 debit purchases to earn $500.
• No monthly fees and a 5% APY on balances up to $10k make this account attractive even after the bonus.
• Check eligibility before applying—some states may not be supported.
• Remember the bonus is taxable income, and you must keep the account open and in good standing until it pays.

Common Questions