Business Checking How you can earn 1.5% interest on your Bluevine Business Checking account
At Bluevine, we’re working hard to build our Business Checking account with the features you need to be successful, like unlimited transactions,BVSUP-00043 no monthly fees and high annual percentage yield (APY). That’s why you can earn 1.5% interest on your Business Checking balance up to and including $100,000BVSUP-00005—40x the national average.BVSUP-00007 Below is everything you need to know and how to qualify.
How to qualify for 1.5% APY after May 1, 2022
As a Bluevine Business Checking account holder, you’ll automatically earn 1.5% interest on balances up to and including $100,000BVSUP-00005 starting February 1, 2022. Starting May 1, 2022, you’ll need to meet at least one of the following monthly eligibility requirements to continue earning 1.5% for any month going forward.
Spend $500 per month with your Bluevine Business Debit Mastercard® issued by Coastal Community Bank pursuant to a license from Mastercard inc, which you can use everywhere Mastercard® is acceptedBVSUP-00049
Receive $2,500 per month in customer payments into your Bluevine Business Checking account via ACH, wire transfer, mobile check deposit, or directly from your merchant payment processing providerBVSUP-00050
Customers who do not meet either monthly requirement will not earn interest for that month.
What types of customer transactions qualify toward my $2,500 eligibility monthly requirement?
As long as the transaction posts to your account before the end of the month, these transactions do qualify:
- Mobile deposits of customer checks
- Customer payments made via ACH or wire
- Customer payments transferred from payment processing providers.
These types of transactions do not qualify:
- Cash deposits
Ready to apply?
Submit your application in just a few minutes.BVSUP-00006