The 7 Best Business Bank Account Bonuses and Promotions

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As a small business owner, having a business bank account is a crucial step in separating your business and personal expenses, and it can add legitimacy for newer startups looking for financing. But as you consider various features, such as how many free transactions you get, how they integrate with accounting software and whether you get ATM fee refunds, it's also a good idea to search for accounts that offer bonuses for new account holders.

Bank bonuses incentivize business owners to sign up and start using their accounts, but the amounts and requirements can vary. While bank account bonuses aren't as plentiful for small businesses as they are for consumers, there are still a handful of options available nationwide and in select states.

Best Business Bank Bonuses and Promotions

Business bank account bonuses can be a great way to earn some cash while you're trying out a new account. That said, it generally takes some effort, and some banks require more than others to earn the cash. This is especially true if you want to take multiple bank accounts for a trial run.

Here are some of the best bank account bonuses that are out there currently and what you need to do to earn them.

Chase Business Complete℠ Checking: Up to $500 Bonus Offer

Chase Business Complete Checking is the bank's flagship business checking account, and it offers all of the benefits you'd expect from one of the largest banks in the U.S.

This bonus breaks down into two tiers, based on how much new money you deposit into your account. Your new money deposit amount will be determined 30 days from account opening; if your account balance decreases below the threshold during the 60-day period, the bonus amount changes.

Here are the different bonus tiers for this account:

Bonus	New Money Deposit Requirement
$300	$2,000 – $14,999
$500	$15,000+

Qualifying for its bonus isn’t difficult, but there are a series of qualifying activities you’ll need to complete to be eligible. Our full review details everything you need to know about Chase Business Complete Checking.

Offer expiration: August 3, 2023
How much you get: Up to $500
How to qualify: Open and fund a new account with at least $2,000 within the first 30 days from account opening to qualify for a $300 bonus (deposit at least $15,000 to qualify for a $500 bonus), maintain at least a $2,000 balance for 60 days, and complete at least five qualifying transactions within the first 90 days of opening your account. If your balance falls below the threshold during the 60 days, your offer amount will change.
Qualifying transactions: Qualifying activities include debit card purchases, Chase QuickDeposit, Chase QuickAccept Deposits, ACH credits, Chase Online Bill Pay and wire transfers
How to get the offer: Open an account through this partner link
When you get it: After you have completed all the above checking requirements, your bonus will be deposited into your new account within 15 days

U.S. Bank Business Checking: Up to $750 Bonus Offer

U.S. Bank (Member FDIC) offers multiple tiers of business checking accounts that can accommodate businesses large and small.

Offer expiration: June 30, 2023
How much you get: $500-$750
How to qualify: Open an eligible account using promo code Q2AFL23 on your application. Then deposit at least $5,000 in new money and maintain that balance for 60 days from account opening to earn a $500 bonus; to earn a $750 bonus, deposit $15,000 or more and maintain the balance for 60 days. Finally, enroll in business online banking within 60 days of account opening.
Who Qualifies: To qualify for this offer, you must be a new U.S. Banking customer who resides in AZ, AR, CA, CO, ID, IL, IN, IA, KS, KY, MN, MO, MT, NE, NV, NM, NC, ND, OH, OR, SD, TN, UT, WA, WI, or WY.
How to get the offer: Open a new account through a partner link found on this page.
When you get it: Once you’ve met the requirements, the bonus will be deposited into your account within 45 days of deposit verification, assuming your account still contains a positive balance.

Eligible U.S. Bank Accounts

American Express Business Checking: 30,000 Point Offer

American Express launched its business checking account shortly after it acquired Kabbage. The account offers a 1.3% APY on balances of up to $500,000, which is impressive. When you sign up, you'll receive 30,000 Membership Rewards points after you deposit $5,000 within 30 days of opening your account and maintain that balance for 60 days while making 5 or more qualifying transactions during that time.

Offer expiration: Unknown
How much you get: 30,000 Membership Rewards points.
How to qualify: Deposit $5,000 within 30 days and maintain an average balance of $5,000 for 60 days and make 5 or more qualifying transactions within 60 days
Qualifying transactions: Make at least 5 qualifying transactions within 60 days, including mobile deposits, ACH transfers, wire transfers and bill payments
How to get the offer: Open a new account through the American Express website
When you get it: Once you’ve met the requirements, the bonus will be deposited into your account within 8-12 weeks

START HERE

Axos Bank: Up to $100 Offer

Axos Bank is an online-only bank that offers a variety of business checking and savings accounts. If you open one of the bank's business checking accounts, you can earn up to $100 by meeting certain requirements.*

The bank is offering up to $100, paid out in $25 increments over five statement cycles for those eligible. Note that you'll need to use promotional code SBIZ100 when you open your account.

Offer expiration: June 30, 2023
How much you get: Up to $100
How to qualify:* Fund your new account within 60 days and keep the average daily balance in your account at $5,000 or greater; keep your account open and in good standing for at least 120 days
How to get the offer: Open a new account through the Axos website and use code SBIZ100
Qualifying transactions: None
When you get it: Once you’ve met the requirements, the bonus will be deposited into your account within five business days of your statement cycle date

Axos Business Checking and Savings Accounts to Consider

*Disclosure

^{To be eligible to earn all or a portion of the cash incentive as part of the “SBIZ100" $100 promotion, a Basic Business Checking (BBC) or Business Interest Checking (BIC) that includes the promotional code “SBIZ100" must be submitted between 05/15/2023 at 12:00am PT and 11:59pm PT on 06/30/2023. Axos Bank reserves the right to limit each primary account holder to one (1) checking account promotional offer per year and customers who have held primary ownership of an Axos Bank or Axos Bank for Nationwide checking or savings account at any time in the past 12 months may be disqualified from the “SBIZ100" offer. Promotional terms and conditions are subject to change or removal without notice. Bonus cash may be taxable and reported on IRS Form 1099-MISC. Consult your tax advisor. After initial requirements above are met, the amount of cash bonus earned will depend on meeting the additional requirements outlined below:}

^{Small Business Checking bonus up to $100: You must be approved for your new Small Business Checking account and fund it within 60 days of account opening. A cash bonus of up to $100 can be earned in the following manner during the first five (5) statement cycles. A statement cycle is a calendar month consisting of the days your account was open during that month. $25 will be earned for each statement cycle during which the average daily balance in your Small Business Checking account must be at a minimum $5,000 or greater. A maximum of four (4) payouts can be earned during the five (5) statement cycles and the bonus will be deposited into your Small Business Checking account within 10 business days following the end of the statement cycle in which the balance requirement was met. Your Small Business Checking account must be open and in good standing at the time the bonus is paid to be eligible to receive the bonus and your Small Business Checking account must remain open for 120 days or an early closure fee of up to $100 may apply.}

PNC Bank: $500 Offer

PNC Bank offers four business bank accounts. If you open a Business Checking or Business Checking Plus account, you can earn $200 by maintaining a minimum average ledger balance of $5,000 for each of the first three statement cycles and make at least 20 qualifying transactions with your debit card during that time.

If you have a larger business, you can earn $500 when you open an Enterprise Plan or Analysis Business Checking account and maintain a minimum average ledger balance of $30,000 for each of the first three statement cycles.

Offer expiration: June 30, 2023
How much you get: Up to $500
How to qualify: Deposit $5,000 in a Business Checking or Business Checking Plus account and maintain that balance for the first three statement cycles, or deposit $30,000 in an Enterprise Plan or Analysis Business Checking account and maintain that balance for the first three statement cycles
How to get the offer: Open a new account through the PNC Bank website
Qualifying transactions: For the smaller bonus, make at least 20 qualifying debit card transactions within the first three statement cycles. That includes any debit card purchase made at the point of sale using your signature or PIN or a purchase made electronically or online using your debit card number, including recurring payments
When you get it: Once you’ve met the requirements, the bonus will be deposited into your account within 90 days

START HERE

Huntington Bank Business Checking Accounts: $100-$1,000 Bonus Offers

With three business checking options, Huntington Bank offers a range of accounts that could fit the needs of startups, small businesses and larger companies. New customers can earn a bonus for a limited time by opening an eligible account and meeting a handful of requirements. (These offers are only available to residents of Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Dakota, West Virginia and Wisconsin.)

Offer expiration: May 22, 2023
How much you get: $100-$1,000
How to qualify: Open an eligible business checking account and deposit new money that meets the account’s bonus requirement (within 30 or 60 days of account opening, depending on account). You will also need to maintain that balance for 90 days.
Eligible Huntington business accounts:
- Business Checking 100: Deposit $2,000 to earn a $100 bonus
- Unlimited Business Checking: Deposit $5,000 to earn a $400 bonus
- Unlimited Plus Business Checking: Deposit $20,000 to earn a $1,000 bonus
How to get the offer: Open a new account online or in-branch

When you get it: The bank will send your bonus within 14 days of meeting requirements

START HERE

M&T Bank Tailored Business Checking Account: $500 Bonus Offer

M&T Bank offers goal tracking features, merchant services and no maintenance fees for the first three months of account opening. Once the $20 monthly maintenance fee kicks in, you’ll have numerous opportunities to waive it. To get the $500 bonus offer, you’ll need to open a new Tailored Business Checking account and maintain an average ledger balance of at least $5,000 in the third full calendar month after the account is opened.

Offer expiration: June 30, 2023
How much you get: $500
How to qualify: Open a new Tailored Business Checking account and maintain an Average Ledget Balance of at least $5,000 in the third calendar month after the account is opened.
How to get the offer: Open a new account online or in-branch

When you get it: Receive your bonus within 45 days after the end of the third calendar month after opening the account.

START HERE

How to Pick the Right Business Bank Bonus

Business bank account bonuses can provide you with some cash that you can use to help build your business. However, it's crucial to read the fine print of the bonus before you sign up. Some banks can be very technical about their requirements. You may even want to take screenshots of the terms and conditions, so you can refer back to them later. This is especially important if the bonus is set to expire before your qualifying period ends.

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One potential caveat you'll find is that many banks require you to keep your account open for a set period of time. If you cancel too early, you could lose the bonus money, even if you've already transferred it out of your account. Finally, bank account bonuses typically get reported to the IRS as interest income, so expect to receive a 1099 form at the start of tax season. You'll need to report this income when you file your tax return.

As you compare the different bonuses that are out there, consider which ones have requirements you can easily meet. For example, if you sign up for an account that requires you to maintain a minimum balance for a few months, make sure you won't need that money during that time. Also, watch out for monthly fees that can eat into the value of your bonus. With that in mind, it may even be worth trying to get more than one bonus as you try to decide which bank account will be best for you in the long run.

Ben Luthi

Ben Luthi is a personal finance and travel writer and credit card expert. He has a degree in finance from Brigham Young University and worked in financial planning, banking and auto finance before writing full-time for NerdWallet and Student Loan Hero. Ben is now a full-time freelance writer and enjoys traveling and spending time with his two kids. His work has appeared in several publications, including U.S. News & World Report, USA Today, Money, Success and Slickdeals.

The 7 Best Business Bank Account Bonuses and Promotions

Best Business Bank Bonuses and Promotions

Chase Business Complete℠ Checking: Up to $500 Bonus Offer

Chase Business Complete Checking℠

Overview

Pros

Cons

U.S. Bank Business Checking: Up to $750 Bonus Offer

Eligible U.S. Bank Accounts

U.S. Bank Silver Business Checking Account

Overview

Pros

Cons

U.S. Bank Gold Business Checking Account

Overview

Pros

Cons

U.S. Bank Platinum Business Checking Account

Overview

Pros

Cons

American Express Business Checking: 30,000 Point Offer

Axos Bank: Up to $100 Offer

Axos Business Checking and Savings Accounts to Consider

Axos Basic Business Checking Account

Overview

Pros

Cons

Axos Business Interest Checking

Overview

Pros

Cons

Axos Business Savings Account

Overview

Pros

Cons

*Disclosure

PNC Bank: $500 Offer

Huntington Bank Business Checking Accounts: $100-$1,000 Bonus Offers

M&T Bank Tailored Business Checking Account: $500 Bonus Offer

How to Pick the Right Business Bank Bonus

Best Business Credit Cards

Ben Luthi

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