Nearside Promotions: $90 Sign Up Offer + $50 Invite Friend Bonus

Nearside is a free business checking account that’s offering a $90 bonus for opening an account. Plus, get an unlimited 2.2% cashback in 2022 on every purchase with the Nearside debit card. You can also earn a $40 invite friend bonus each time you successfully refer someone to Nearside.

Full details of all Nearside promotions and bonuses below!

For more current bank offers, see our bank bonuses page. The most popular offers are from Chase BankSoFi, U.S. Bank, and Axos Bank.

Ninja Update 11/23/22: I just received an email from Nearside. Here are a couple of important excerpts: “We regret to inform you that due to developing macroeconomic conditions, Nearside is closing its doors and service of the Nearside business bank account provided by Piermont Bank; Member FDIC will be discontinued.”

“Please transfer funds out of your Nearside bank account to an external account by December 23, 2022. If there is an existing balance at the time your account is closed, your funds will be mailed to you by physical check in early January 2023.”

This post may contain affiliate links, meaning I get a commission at no cost to you if you decide to make a purchase through my links. Visit this page for more information. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

What is Nearside?

Nearside is a free business checking account with no monthly fees or monthly minimum requirements. You’ll also earn 2.2% cashback on everything for your business in 2022.

Plus, join Nearside now and get a $50 sign-up bonus and up to a $40 first deposit bonus for a total new user bonus of $90!

Nearside Promotions

Nearside has several promos currently active that will give you a combined total bonus of $90. The best thing is it doesn’t require a direct deposit. Here’s how:

Offer #1) Nearside $50 Sign-Up Bonus – New Customers

Open a free Nearside business checking account and get $50 as a sign-up bonus.

All you need to do is spend $100 or more with your Nearside debit card and a $50 new user bonus will be deposited into your business checking account as a statement credit. There are no other requirements in order to qualify for this sign-up bonus.

How To Get Sign-Up Bonus:

  1. Open a Nearside business checking account using this referral link.
  2. Spend $100 with your Nearside debit card within 30 days of account opening.
  3. Receive a $50 bonus within 90 days of meeting the spending requirements.

The $50 will show up as a statement credit in your account. While the sign-up offer isn’t shown when you click the referral link above (or the “Apply Now” button below), I’ve confirmed with the Nearside team that you will get it so long as you use one of these links.

What Are The Sign-Up Offer Details?

Availability: Nationwide
Expiration: 12/31/2022
Household Limit: None
Direct Deposit Required: No
Early Account Termination Fee: None

Offer #2) Nearside $40 Deposit Bonus

For a limited-time, earn up to $40 on your first deposit (this is in addition to your sign-up bonus).

Nearside is also offering a 20% bonus up to a maximum of $40 on the first deposit made within a week of account opening. So in order to get the full $40 bonus, you need to deposit at least $200 (20% x $200 = $40).

Nearside Promotions: First Deposit bonus
(Image from Nearside)

How To Get Deposit Bonus:

  1. Sign up for a checking account and make your first deposit within a week of account opening.
  2. Receive a 20% bonus based on your first deposit amount (max bonus of $40) in 5-7 business days.

There are no promo code or referral code needed for this offer. Using one of the links in this post will automatically add this promotion to your new checking account.

Offer #3) Nearside $50 Invite A Friends Promotion

Get a $50 bonus for every person you refer that opens a Nearside business checking account. Your referral will also get a $50 bonus for using your link.

Once you’re a Nearside customer, you can participate in the Nearside Business Checking Referral Program. With this referral program, you’ll get $50 for every friend and family that opens their own Nearside business checking account.

Nearside will pay you a $50 referral bonus for every successful referral, up to a maximum of $500 in referral bonuses per calendar year. So you should be able to refer 10 people per year.

If you’re a two-person household, you can earn $150 by opening accounts for both people. To do this, have the first person open an account using a referral link. Then refer your spouse or partner with your own referral link.

You’ll get $50 for opening an account, $50 for referring your spouse or partner, and he or she will earn $50 for using your link!

And if you know 19 more people (minus one because you just used one to do this), that’s another $950!

The Bottom Line

Nearside used to be called Hatch, but they recently rebranded.

This promo has a very easy application process – mine took less than five minutes. Five minutes for $90? The Money Ninja says yes please 🙂

A lot of people think they can’t open a business bank account because they don’t have an Employer Identification Number (EIN). That’s simply not true. Anyone who is their own boss: a sole proprietor, gigster (e.g. Uber drivers), 1099, contractors, freelancers, or part-time entrepreneurs – all qualify!

Many small businesses are run by individuals. Do you sell on eBay, blog online, or have a side hustle? Then you have a business.

So when you open a business bank account like this Nearside Business Complete Banking checking account, just use your Social Security number during the application process.

Interested in more bank sign-up bonuses? Check out my list of the best bonus offers.

About John Pham

John Pham is a personal finance expert, serial entrepreneur, and founder of The Money Ninja. He has also been fortunate enough to have appeared in the New York Times, Boston Globe, and U.S. News & World Report. John has a B.S. in Entrepreneurship and a Masters in Business Administration, both from the University of New Hampshire.

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Adding Pennies
2 years ago

Thanks. Got $90 within a week. Deposited $200 from other bank account. Then, when got debit card bought banana for 15 cents at Walmart, & took out $100 as cash back. This counted toward $50 promotion. The $50 posted next day. This was great. Shared with my audience. Thanks again.