Best $500 Business Checking Offers for May 2026
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Need a $500 boost for your small business? Business checking accounts may offer this amount as a sign-up bonus. Find out which banks have them.
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Opening a business checking account can feel like just another to-do task. But what if it came with a $500 bonus?
Whether you're a startup or a growing company, this extra cash is a nice touch. It comes with strings attached though.
Explore these generous offers and see if one fits your needs.
Here are some business accounts with $500 bonuses worth checking out:
- Chase Business Complete Banking®:
$500 Bonus - Bluevine:
Free Business Checking - Earn $500 Bonus - Capital One:
Business Checking Account - $500 Bonus - Hancock Whitney Bank:
Business Checking Account - $500 Bonus - Fulton Bank:
Business Checking Account - $500 Bonus - KeyBank:
Business Checking Account - $500 Bonus - Citizens Bank:
Business Checking Account - $500 Bonus - M&T Bank:
Business Checking Account - $500 Bonus - Independent Bank:
Business Checking Account - $500 Bonus - KeyPoint Credit Union:
Business Checking Account - $500 Bonus - Walden Savings Bank:
Business Checking Account - $500 Bonus - Central Bank:
Business Checking Account - $500 Bonus - First Commonwealth Bank:
Business Checking Account - $500 Bonus - Banner Bank:
Business Checking Account - $500 Bonus - Bank of Colorado:
Business Checking Account - $500 Bonus
Best $500 Business Checking Offers
These business checking accounts are currently offering a limited-time $500 bonus:
Chase Business Complete Banking® - $500 Bonus
- Earn $500 when you open a new Chase Business Complete Checking® account. For new Chase business checking customers with qualifying activities.
- Get added features at no additional costs. Choose Chase Business Complete Banking® to get a fully integrated business solution that can help you control costs. Waive the $15 Monthly Service Fee in multiple ways like keeping a minimum $2,000 balance, plus use built-in offerings such as card acceptance, invoicing, Chase Customer Insights and Tap to Pay on iPhone at no additional cost.
- Bank with confidence. Feel confident knowing we have the largest branch network in the U.S. with 5,000 branches that provide personalized service and can help with your complex banking needs. You can also benefit from our account protection services, which provide safeguards by overseeing employee account activity, monitoring checks, and offering additional protection for your business.
- Access top-rated online business banking. Take advantage of our #1-ranked online small business banking platform with a comprehensive set of features designed for small business owners like you. Our tools enhance your ability to manage cash flow, accept and make payments, create invoices and plan for growth, so you can streamline processes and gain greater control of your finances.
- More small business owners choose Chase than any other bank
- The #1 choice for small business banking.
Bluevine: Free Business Checking - Earn $500 Bonus
To earn the $500 bonus, customers must apply for a Bluevine Business Checking account anytime between now and 09/30/2026 using the referral code CD500.
After opening your account, deposit a total of $5,000 within the first 30 days. After 30 days, maintain a minimum daily balance of $5,000 while also completing at least one of the following eligibility requirements every 30 days for 90 days:
- Deposit at least $5,000 from eligible merchant services to your Bluevine account OR
- Make at least $5,000 of outbound payroll payments from your Bluevine account using eligible payroll providers OR
- Spend at least $2,000 on eligible transactions with your Bluevine Business Debit Mastercard® and/or Bluevine Business Cashback Mastercard®
Banking services provided by Coastal Community Bank, Member FDIC
Capital One: Business Checking Account - $500 Bonus
Open a new Basic or Enhanced checking account online. Use promo code SBOFFER500 at account opening. Maintain a minimum end-of-day balance of $5,000 for at least 60 days within 90 days of account opening. Make 10 qualifying electronic transactions within 90 days of account opening.
Hancock Whitney Bank: Business Checking Account - $500 Bonus
Open a new Preferred Business Checking, Interest Business Checking, or Essential Business Checking account. Use promo code 2034SBCK26 at account opening. Make at least $5,000 in qualifying deposits within 30 days of account opening. Maintain a balance of at least $5,000 in the account for 60 days after the initial 30 days.
Fulton Bank: Business Checking Account - $500 Bonus
Open a new business checking account. Use offer link when opening online or request coupon using your email address when opening in a financial center. Deposit $5,000 or more in new money within 60 days of account opening. Enroll in online banking within 60 days of account opening.
KeyBank: Business Checking Account - $500 Bonus
Open a new KeyBank Basic Business Checking or Key Business Reward Checking account. Deposit a minimum of $25 at account opening. Make a total of $5,000 or more in deposits into your new qualifying checking account within 30 days of account opening. Maintain a balance of at least $5,000 for at least 90 consecutive days.
You must have received a personalized $500 Business Banking promotional offer letter directly from KeyBank to be eligible for this offer.
Citizens Bank: Business Checking Account - $500 Bonus
Open a new Clearly Better Business Checking® or Business Advisor Checking® account. Make a single deposit of $15,000 or more. Maintain a balance of at least $15,000 through the end of the second month after the initial deposit. Make 5 qualifying transactions within two months following the initial deposit.
M&T Bank: Business Checking Account - $500 Bonus
Open a new Business Essential Checking, Business Plus Checking, or Business Premium Checking account. Use promo code BD at account opening. Maintain an average ledger balance of $15,000 - $29,999.99 in the third full calendar month after opening the account.
Independent Bank: Business Checking Account - $500 Bonus
Open a new business checking account. Deposit $3,000 or more in new money into the account within 30 days of account opening. Maintain a minimum daily balance of $3,000 for 90 calendar days. Make 20 debit card transactions within 90 calendar days of account opening.
KeyPoint Credit Union: Business Checking Account - $500 Bonus
Open a new eligible business checking account. Use promo code BUS25 at account opening. Maintain minimum average daily balance of $2,000 for 90 days following account opening date. Complete at least 20 POS purchases of $5 or more using your business debit card within 90 days of account opening.
Other Business Checking Bonuses You May Like
The following bonuses might also work for you:
How to Get More Than $500 from Banks
Want more rewarding bonuses? See if you qualify for these business checking offers with even larger incentives.
What Is A $500 Business Checking Bonus?
A $500 business checking bonus is a one-time reward given by a bank if you open a qualified business checking account.
You may need to meet criteria within a set period to earn it, like:
- Deposit a certain amount.
- Perform a number of transactions.
- Keep a minimum average ledger balance or hold a certain balance in your account.
The minimum opening deposit and balance in the eligible account are typically in the thousands. After all, $500 is no chump change.
Furthermore, you typically have to be a new account holder to qualify for bonuses. This usually means you haven't had an account with that bank for a certain period, often ranging from 6 to 12 months.
If you're going to open a business checking account anyway, and the bank is offering a bonus for doing things you'd normally do, it could be worth going for it—especially if the account also has other great features.
Why Banks Give Sign-Up Bonuses for Business Checking Accounts
Here are some reasons banks offer business checking account bonuses:
- Expand market reach.
Bonuses can entice businesses to open an account with them rather than with a competitor. - Build lasting relationships.
Account holders may also use other bank services, such as credit cards and loans. - Increase deposits and transactions.
Fulfilling minimum balance requirements or completing a specific number of transactions such as debit card purchases contribute to the bank's performance.
Ultimately, checking account bonuses can be a great way for the bank to get new customers and remain competitive. For you, there's that cash reward for opening a new account. It's a win-win.
The bank may issue an IRS Form 1099-INT by the end of January if you receive the bonus and any interest earnings from your account that meet the reporting threshold (typically $10 or more). But even if they don't, you're still required to report it on your tax return.
What Banks Offer $500 to open a Checking account?
Looking for personal checking as well? Check out these offers with $500 bonuses.
Bank of America Advantage Banking - Up to $500 Cash Offer
- The cash offer up to $500 is an online only offer and must be opened through the Bank of America promotional page.
- The offer is for new checking customers only.
- Offer expires 05/31/2026.
- To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive Qualifying Direct Deposits* into that new eligible account within 90 days of account opening. Your cash bonus amount will be based on the total amount of your Qualifying Direct Deposits received in the first 90 days.
Cash Bonus Total Qualifying Direct Deposits $100 $2,000 $300 $5,000 $500 $10,000+ - If all requirements are met 90 days after account opening, Bank of America will attempt to deposit your bonus into your new eligible account within 60 days.
- Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer.
- Additional terms and conditions apply. See offer page for more details.
- *A Qualifying Direct Deposit is a direct deposit of regular monthly income – such as your salary, pension or Social Security benefits, which are made by your employer or other payer – using account and routing numbers that you provide to them.
- Bank of America, N.A. Member FDIC.
KeyBank: Key Select Checking® - $500 Bonus
- Open a Key Select Checking® account online by May 22, 2026.
- Make the minimum opening deposit of $50 and make a total of $5,000 or more in eligible direct deposits within the first 90 days of account opening.
- Your $500 cash bonus will be deposited into your account within 60 days of meeting requirements. Account must not be closed at the time of gift payment.
TD Bank: Personal Checking and Savings Account - $500 Bonus
Open a new TD Beyond Checking account and make $2,500 in qualifying direct deposits.
Open a new TD Signature or Simple Savings account. Deposit at least $10,000 within the 20 days of account opening. Maintain a balance of $10,000 or more for 90 days following the initial 20 days from account opening.
Citi Checking - $500 Bonus
Open a new eligible checking account and enroll in this offer the same day the account was opened. Deposit at least $30,000 of new-to-Citibank funds into your new checking account within 45 days of account opening. Maintain $30,000 or more in the account for an additional 45 days after the first 45 days.
Wintrust Bank: Personal Checking Account - $500 Bonus
Open a new Total Access Checking, Access Plus Checking, or Premier Checking account. Use promo code Builder at account opening. Set up and receive qualifying direct deposits totaling $2,000 or more per month for 2 consecutive calendar months after the calendar month the new account was opened. Enroll in online banking and estatements.
First National Bank of Omaha: Personal Checking Account - $500 Bonus
Open a new eligible personal checking account. Use promo code EARN500 at account opening. Set up and receive qualifying direct deposits totaling $3,000 or more in each of three consecutive 30-day periods beginning on the day of account opening.
Waterstone Bank: Business Checking Account - $500 Bonus
Open a business checking account. Complete 10 or more qualifying transactions within 90 days of account opening. Maintain an average daily balance of $25,000 - $49,499.99 during the third full statement cycle.
Canyon View Credit Union: Personal Checking Account - Up to $500 Bonus
Open a new eligible checking account. Set up and receive qualifying direct deposits totaling $1,000 or more per month for 3 consecutive months. Complete 25 or more credit or debit card transactions of at least $5 per month for 3 consecutive months. Open a new auto loan or refinance an auto loan. Keep the account open and in good standing for 6 months.
St. Mary's Bank: Personal Checking and Savings Account - $500 Bonus
Open a new checking account. Use promo code GET500 at account opening. Set up and receive at least 2 recurring direct deposits totaling $1,000 or more into the checking account within 90 days of account opening.
Open a new savings account. Use promo code GET500 at account opening. Fund the new savings account with at least $2,000 in new money within 30 days of account opening. Establish a monthly recurring deposit of at least $25 within 30 days of account opening and maintain for six consecutive months. Maintain at least a $2,000 minimum average daily balance for six consecutive months.
Dedham Savings: Personal Checking Account - $500 Bonus
Open a new Free & Easy Checking account. Use promo code SELECT at account opening. Set up and receive direct deposits totaling $10,000 or more within 90 days of account opening. Complete at least 5 debit card or bill pay transactions totaling $100 within 90 days of account opening.
TruStone Financial Credit Union: Personal Checking Account - $500 Bonus
Open a new TruStone Checking account. Set up and receive qualifying direct deposit of at least $5,000 within 60 days of account opening. Enroll in e-statements.
Town Bank: Personal Checking Account - $500 Bonus
Open a new Total Access Checking, Access Plus Checking, or Premier Checking account. Use promo code Builder at account opening. Set up and receive qualifying direct deposits totaling $2,000 or more per month for 2 consecutive calendar months after the calendar month the new account was opened. Enroll in online banking and estatements.
Hyde Park Bank: Personal Checking Account - $500 Bonus
Open a new Total Access Checking, Access Plus Checking, or Premier Checking account. Use promo code Builder at account opening. Set up and receive qualifying direct deposits totaling $2,000 or more per month for 2 consecutive calendar months after the calendar month the new account was opened. Enroll in online banking and estatements.
Beverly Bank & Trust: Personal Checking Account - $500 Bonus
Open a new Total Access Checking, Access Plus Checking, or Premier Checking account. Use promo code Builder at account opening. Set up and receive qualifying direct deposits totaling $2,000 or more per month for 2 consecutive calendar months after the calendar month the new account was opened. Enroll in online banking and estatements.
Elgin State Bank: Personal Checking Account - $500 Bonus
Open a new Total Access Checking, Access Plus Checking, or Premier Checking account. Use promo code Builder at account opening. Set up and receive qualifying direct deposits totaling $2,000 or more per month for 2 consecutive calendar months after the calendar month the new account was opened. Enroll in online banking and estatements.
Wheaton Bank & Trust Company: Personal Checking Account - $500 Bonus
Open a new Total Access Checking, Access Plus Checking, or Premier Checking account. Use promo code Builder at account opening. Set up and receive qualifying direct deposits totaling $2,000 or more per month for 2 consecutive calendar months after the calendar month the new account was opened. Enroll in online banking and estatements.
Northwest Federal Credit Union: Personal Checking and Savings Account - $500 Bonus
Open a new checking account. Set up and receive qualifying direct deposits totaling $1,000 or more per month for 2 consecutive months. Make at least 6 debit card purchases per month for 2 consecutive months.
Open a new Rewards Savings or Money Market account within 60 days of opening the checking account. Deposit at least $25,000 of new money within 7 calendar days of account opening. Maintain an average daily balance of at least $25,000 for 90 consecutive days.
Accounts must be opened in-person at the Great Falls Branch.
First Bank: Personal Checking Account - $500 Bonus
Open a new Icon Checking account. Use promo code SWITCH2FB at account opening. Set up and receive qualifying direct deposits totaling $5,000 or more within 60 days of account opening. Enroll in eBanking within 60 days of account opening. Make 10 or more debit card purchases within 90 days of account opening.
Banner Bank: Personal Checking Account - $500 Bonus
Open a new personal checking account. Use promo code 2026DP at account opening. Deposit $5,000 or more within 60 days of account opening. Maintain a minimum balance of $5,000 for 90 days.
Visions Federal Credit Union: Personal Checking Account - $500 Bonus
Open a new checking account. Use promo code DD500SPRING2026 at account opening. Set up and receive qualifying direct deposits totaling $5,000 or more within 90 days of account opening.
S&T Bank: Personal Checking and Savings Account - $500 Bonus
Open a new Preferred Banking account. Use promo code STDIG9 at account opening. Set up and receive at least 2 qualifying direct deposits of $500 or more within 90 calendar days from account opening. Account must remain open with a balance greater than $0 on October 9, 2026 and never be overdrawn to receive the bonus.
Open a new Preferred Savings account. Use promo code STDIG9 at account opening. Deposit a minimum of $10,000 in new money and keep it open with a balance of at least $10,000 on October 9, 2026.
Flagstar Bank: Personal Checking Account - $500 Bonus
Open a new Flagstar Elite Checking account. Maintain an average daily balance of at least $500 for the first 90 days after account opening. Set up and receive one or more direct deposits totaling at least $500 within 90 days of account opening.
- Bank of America Advantage Banking:
Up to $500 Cash Offer - HSBC Premier:
Up to $5,000 - Chase Total Checking®:
$400 Bonus - KeyBank:
Key Select Checking® - $500 Bonus
How to Open a new Business Checking Account
To open a small business checking account, you will usually need the following information and documents:
- EIN or SSN
- Articles of organization for LLCs
- Partnership agreement for partnerships
- Articles of incorporation for corporations
- Business license
- Business tax ID
- Name, address, and state of business and business owners
Sole proprietors can usually apply for a business checking account online. Some online banks can even accommodate LLCs, partnerships, and corporations.
But if you're looking at a brick-and-mortar bank, you and any partners may need to sit down with a banker in person.
Bank churning refers to a strategy where an individual opens and closes a bank account after they receive their sign-up cash bonus. They will then go to another bank with a bonus offer and do the same.
How to Choose a Business Checking Account
While bank bonuses are quite attractive, don't forget to consider these factors when choosing the right business checking account.
- Type of bank
Large established banks often have a wide range of services, while credit unions may be better for local businesses that are looking for a community-focused banking experience. - Location
Unless you're OK with an online-only bank, in-person banking may be necessary for you. Especially if you expect to make over-the-counter transactions regularly. Availability of nearby ATMs is also ideal. - Fees and balance requirements
Some banks have monthly fees that could be waived if you keep a certain balance in the account. Others may charge for services like overdraft and cash deposits instead.
The minimum balance of a business checking account usually ranges from $500 to $5000 and varies by bank and business checking type.
- Transaction limits
Business checking accounts often come in variants based on the number of free electronic transactions you can make monthly, like deposits, withdrawals, and transfers. Choose one that has a realistic quota for you to avoid additional charges. - Financial tools
Aside from online and mobile banking, does the business checking account offer access to merchant services like payment processing and invoicing? This can streamline your transactions, saving you time and money. - Customer support
Ask friends for feedback and read reviews online. Better yet, call or visit the bank and see how their staff serves you.
Bottom Line
Scoring a $500 business checking bonus is a smart way to get extra cash while setting up your business banking.
When you do, your business will not only get a boost financially. You may also unlock features like low fees and access to merchant services that benefit your business.
Make sure to choose the account that best suits your needs.
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