I recently signed up to the Nearside business checking debit card with an offer that was too good to pass up. For a limited time only, Nearside is offering a $50 statement credit plus an up to $40 bonus reward on your first deposit.
The offer is available to new account holders when you use a referral link to sign up. You can feel free to use my referral link here to open an account and earn the free bonus reward. Then continue on for your step-by-step guide on how to easily qualify for the Nearside business checking bonus.
- What is Nearside Business Checking?
- Nearside Business Checking Sign Up Bonus (Step-by-Step)
- Earn More Nearside Referral Bonus Money
- Other Finance Apps with Sign Up Bonus Offers
- Nearside Business Checking Bonus Final Thoughts
What is Nearside Business Checking?
Nearside, formerly known as Hatch, is a free online business checking account for small businesses including: the self-employed, freelancers, gig economy workers, contractors and anyone else working hard on their side hustle.
Though, it is important to note that Nearside is not a bank. This may sound confusing to someone who may not be familiar with the rise of neobanks, also referred to as non-bank fintech companies.
These technology companies, such as Nearside, offer financial products through apps and other software that help streamline mobile and online banking. Not only has this helped make banking much easier to do from your phone, but it’s also helped to lower the cost of banking overall.
Perks to having a Nearside Business Checking Account include:
|No monthly maintenance fees||No monthly minimum requirements|
|No overdraft fees||2.2% cash back rewards on everything for your business in 2022|
|No debit card replacement fees||FDIC insured up to $250,000|
|Free ATM withdrawals at over 55,000+ AllPoint ATM locations nationwide||Free ACH Transfers|
Banking services for Nearside are provided by the LendingClub bank, Member FDIC. So you can rest assured that your money is safe and secured with a Nearside business checking account.
Nearside Business Checking Sign Up Bonus (Step-by-Step)
If you are someone who has any sort of side hustle, then you can easily qualify to open a Nearside business checking account. This can be someone who flips sneakers on the side for extra income, YouTubers, bloggers, to gig workers who use apps such as Field Agent or Observa to earn money.
Even if you are not incorporated as a business or LLC, you can still open an account as a sole proprietor, and earn a Nearside business checking bonus. This pretty much allows for almost anyone to open an account.
The application process is a fairly simple one and only takes a few minutes to complete. Below is the breakdown for how to earn your sign up bonus reward.
Nearside Referral Bonus Link
The first requirement is to sign up with a Nearside referral bonus link, which you can do so by using my referral link here.
The link will not show a bonus reward amount, so don’t be put off by that. But if you really want to insure you are properly signing up to earn the bonus then follow these two steps:
- Clear your browser cookies first.
- Then click on this link here to sign up for a new Nearside account.
When I first did this, I was also unsure as to whether I was doing this correctly since there was no indication of a sign up bonus on the registration page. But as you’ll see further down below, it did work as advertised and I did receive my bonus reward.
During the registration process, you’ll be asked the same general questions most traditional banks ask of you. This includes: name, phone number, social security number and home address.
Additionally, Nearside will require you to verify your identity by uploading a photo ID. You can use your driver’s license for this. Simply take a photo of the front and back of the ID and have it ready on your phone when the time comes to upload it.
Nearside First Deposit Reward Requirements
Towards the end of the registration process, you’ll be prompted to link an external bank account and make your first deposit. This is where you’ll have an opportunity to earn your first reward.
For this reward, you’ll earn an extra 20% on your first deposit into your new Nearside business checking account, up to a $40 bonus. If you want to earn the maximum bonus amount, then you’ll want to deposit $200 into your account.
You’ll have up to 7 days from when you sign up and get approved to complete this bonus requirement. I personally took care of this right away by linking my TD Bank account to Nearside and transferring $200 into my new account.
The transfer showed as ‘pending’ for four business days. Once it cleared, I received my $40 bonus reward into my account the following day.
Nearside Referral Sign Up Bonus Requirements
Next, you’ll have an opportunity to earn the $50 Nearside business checking bonus. For this reward, you’ll simply need to spend $100 within 30 days of opening your Nearside account. Once you’ve completed this requirement, you’ll receive $50 in statement credit, which is basically $50 deposited into your checking account.
The easiest way to accomplish this is to link an external bank account and transfer money into your Nearside account. That way, when you receive your Nearside business debit Mastercard in the mail, it will be ready to use once activated.
I was surprised to quickly receive my Nearside debit card within 2 days of opening an account. It was delivered by FedEx and I activated it via the automated number shown on the front of the card.
Next, I used the card to pay for a monthly subscription service that helps me plan my content for this blog. The charge was for $105.19, which met the $100 spend requirement.
After the one day ‘pending’ period, the purchase posted to my Nearside account and so did my $50 referral bonus. The added perk was the 2.2% cash back reward for this same purchase. It felt great to see a lot of free money being added to my new account!
If you’re at a loss for things that can be considered a business expense, then here are some examples to help you: car insurance, car payment, phone bill, internet bill, restaurant tab if business was discussed during meal, work laptop purchase, business phone purchase, healthcare insurance, website hosting, etc.
Earn More Nearside Referral Bonus Money
The Nearside business checking bonus rewards don’t end at $90. For each friend and side hustler you refer to Nearside using your referral promo link, you’ll earn an additional reward bonus.
Both you and your friend will receive $50 in statement credit if they spend $100 in their first month using their Nearside Debit Mastercard. You can earn up to $500 in referral credits per calendar year.
Have friends with side hustles?
Now is as good a time as ever to refer them to Nearside while the sign up bonus is still available. You can start by using this Nearside business checking account bonus link to open an account. From there, you’ll be able to access your referral promo link within your Nearside member benefits tab.
Other Finance Apps with Sign Up Bonus Offers
Nearside is just one of many finance apps that offers its members a lucrative sign up bonus offer. These other apps below may interest you as well.
Chime – This is another FinTech company similar to SoFi, but one that offers a credit builder feature for increasing your credit score. They are currently offering a $100 cash sign up bonus once you set up a qualifying direct deposit of $200 or more.
SoFi – SoFi Money is a free online banking option most beneficial to people who do simple banking, and who don’t need to go into a physical bank location. As a SoFi member, you can earn a $15, $50, or even $300 sign up bonus based on the financial product you’re most interested in.
One Finance – This Fintech company provides free online banking services through the Coastal Community Bank. They offer features such as a high-yield savings account, no monthly maintenance fees, and an opportunity to borrow money at low interest rates. They’re currently offering a $50 cash sign up bonus once you set up a qualifying direct deposit of $250 or more.
Varo – This fintech company offers many of the same features of other similar online banking apps. In addition to no monthly maintenance fees on your checking account, they also offer up to $100 in advance money, when needed. Currently, you’ll earn a $50 sign up bonus when you spend $20 within 30 days of opening an account.
Acorns – This is an app that will automatically invest your spare change into a portfolio of ETF’s. The Acorns checking account will do all the heavy lifting for you and your family for a small monthly fee. Currently, they are offering a $5 sign up bonus when you deposit and invest your first $5.
Netspend – is primarily known for its prepaid debit card, but very few people are aware of their 5% high yield savings account. The only way to unlock this is to sign up for a Netspend prepaid card. I have one solely for purposes of accessing the high yield account. They currently offer a $20 cash sign up bonus.
Voyager – If you’re looking for a safe and secure place to invest in Crypto, then this app is worth looking into. Voyager is a public company offering over 80+ digital assets to buy, trade and sell. Additionally, you can earn up to 12% rewards for simply holding certain tokens in your portfolio. They currently offer $25 in free Bitcoin when you open an account and trade $100.
WeBull – WeBull is an investment app with a comprehensive suite of products including stocks, fractional shares, options, ETFs and ADRs. They offer zero commission trading and smart tools for smart investing. You’ll earn 3 free stocks valued up to $3,000 when you open an account and deposit any amount.
Nearside Business Checking Bonus Final Thoughts
My experience with the Nearside business checking bonus was a seamless one. The rewards came in quickly and as advertised.
I initially opened this online checking account for purposes of obtaining the $90 sign up bonus. But Nearside’s 2.2% cash back offer for all of 2022 makes it a worthwhile card to use for the rest of the year. I particularly like that I don’t have to wait for my cash back money to be credited to my account.
If this is something that interests you as well, or if you’re just in it for the sign up bonus offer, then use this link here to open a Nearside account today!
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