Business Value Program FAQs

Text Size:

Q: What is the Flushing Bank Business Value Program?
A: The Flushing Bank Business Value Program is a way for Flushing Bank to provide our new business checking customers with more value for their business checking deposits.

Q: What is included in the Business Value Program?
A. The Flushing Bank Business Value Program includes the following:

  1. A cash bonus up to $2001,2 for performing qualifying transactions within 60 days of account opening ($100 for POS purchases and $100 for bill-pays performed through the Flushing Bank online banking portal).
  2. A choice of:
    a. Opening a Complete Business Checking1 and receiving a free gift3, or
    b. Opening a Complete Business Checking Plus1,4 account with a highly competitive interest rate and a 90-day Guaranteed Rate Period (GRP)

Q. What is the difference between the two business checking accounts?
A. The Complete Business Checking account provides new customers with the chance to receive a gift after 90 days (based on their 90-day average balance). The Complete Business Checking Plus provides new customers with a competitive interest rate that has a 90-day Guaranteed Rate Period. See rate sheet for details.

Q. Is there a minimum balance required to be part of the Business Value Program?
A. Yes. There is a minimum opening deposit of $15,000 in both the Complete Business Checking and Complete Business Checking Plus accounts to qualify for the gift or interest rate, respectively. However, there is no minimum to qualify for the cash bonus portion of the Flushing Bank Business Value Program.

Q. Are there any requirements to receive a gift?
A. In order to receive a gift for opening a Complete Business Checking account you must:

  1. Open the account with a minimum of $15,000 AND 
  2. Maintain a 90-day average balance of at least $15,000

Q. If I open a new Complete Business Checking account and meet the requirements, when do I get my gift?
A. At the time that the new Complete Business Checking account is opened, you must provide us with a valid email address. Within approximately 10 days after the account has been open for 90 days, you will receive an email to the email address you provided that will contain a reward code link to redeem your gift, with a value based on your average account balance over the past 90 days.

Q: How do I get my gift?
A: Upon receipt of the email containing your reward code link, you will be requested to choose your gift and fill out the required shipping information. By participating in this program you are consenting to the bank releasing your email address to a third party service provider for gift fulfillment purposes. Reward codes will expire twelve (12) months from the date that the code is first emailed to you.

Q: Will I have to pay taxes on my gift?
A: A 1099 statement for gift values of $600 or more (including applicable sales tax, shipping and handling costs) will be issued for the year of gift redemption. If a 1099 is to be issued, you will be notified on the checkout page of the amount and asked to acknowledge and accept it.

Q: When can I expect to receive my gift?
A: You will receive a confirmation email once your order has been placed that will indicate the approximate shipping time frame.

Q: Can I return my gift?
A: Yes. Items eligible for return must be new, unused, and contain all original product packaging and accessories. Some items are subject to special return policies. For more information concerning special return policies, please review the item description.
Exceptions: Apple items may be returned if unopened. The following items are not eligible for return:

  • TVs larger than 27 inches
  • The Ultimate GoPro®/Drone Package

Q: Can I substitute the gift bundle or items within it?
A: No, you cannot substitute the gift bundle or items within it.




1. New business checking account with new money only. Existing business checking account customers are not eligible. A new business checking account is defined as any new business checking account that does not have any authorized signatures in common with any other existing Flushing Bank business checking account(s). An existing business checking customer is defined as anyone who currently has or has had a Flushing Bank business checking account within the last 24 months. New money is defined as money not currently on deposit with Flushing Bank.

2. You must deposit a minimum of $100 to open a business checking account. No minimum balance required to be eligible for the Bonus. You will receive $100 for the completion of 5 debit card purchases. And $100 for the completion of 5 online banking bill-payments via Flushing Bank’s Online Banking portal. Each debit card purchase and each online bill-payment must be $25 or more and must be completed prior to 60 days after the account is opened. THE MAXIMUM AMOUNT A BUSINESS CHECKING CUSTOMER CAN RECEIVE IS $200. The compensation will be credited to the checking account on or about the end of the month following the completion of the qualifying transactions. A 1099 will be issued in the amount credited to your account. Other fees and restrictions may apply.

3. A minimum opening balance of $15,000 is required in the Complete Business Checking account to qualify for the Value Program gift. Complete Business Checking Plus accounts are not eligible for the gift portion of the Business Value Program. The gift tier is based on the 90-day average balance of the new Complete Business Checking account. The minimum 90-day average is $15,000 to qualify for the minimum gift tier. The new account must remain open, active, and in good standing for six months. If the account is closed prior to six months, the cost of the promotional item will be deducted from the balance. Notwithstanding the Value Program, a minimum deposit of $100 is required to open the Complete Business Checking account. One (1) gift per new Complete Business Checking customer. A valid email address must be provided at time of account opening. After the account has been opened for 90 days, you will receive an email with a reward code link to redeem your gift, with a value based on the average account balance over the past 90 days. A 1099 statement for gift values of $600 or more (including applicable sales tax, shipping and handling costs) will be issued for the year of gift redemption. Flushing Bank reserves the right to make gift substitutions of comparable value and assumes no liability for any defects in, or direct or consequential damages relating to gift items. Flushing Bank is not responsible for the warranty or replacement of any products. Any warranties are the sole responsibility of the manufacturers. Returns, exchanges, substitutions, and cash equivalents will not be provided. Reward codes will expire twelve (12) months from the date that the code is first emailed to you. By participating in this program you are consenting to the bank releasing your email address to a third party service provider.

4. You must maintain a daily balance of $15,000 for the statement cycle to receive the 90-day rate in the Complete Business Checking Plus. The 90-day rate will remain in effect for 90 days after account opening. At the end of this 90 day period the annual percentage yield will revert to the rate tier corresponding to the account balance. A minimum deposit of $100 is required to open the account, but a minimum daily balance of $15,000 is required to earn interest. Rates may change at any time without notice.


The promotion and other offers are subject to change and termination without prior notice at any time.
Speak with a Flushing Bank representative for more details.