Best $500 Business Checking Offers for September 2025
Ad Disclosure: This article contains references to products from our partners. We may receive compensation if you apply or shop through links in our content. This compensation may impact how and where products appear on this site. You help support CreditDonkey by using our links.
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.
 |
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:
- KeyBank:
Business Checking Account - $500 Bonus - Capital One:
Business Checking Account - $500 Bonus - M&T Tailored Business Checking Account:
$500 Bonus - Independent Bank:
Business Checking Account - $500 Bonus - KeyPoint Credit Union:
Business Checking Account - $500 Bonus - Newtown Savings Bank:
Business Checking Account - $500 Bonus - Banner Bank:
Business Checking Account - $500 Bonus - Fulton Bank:
Business Checking Account - $500 Bonus - Central Bank:
Business Checking Account - $500 Bonus - BayFirst National Bank:
Business Checking Account - Up to $500 Bonus
Best $500 Business Checking Offers
These business checking accounts are currently offering a limited-time $500 bonus:
KeyBank: Business Checking Account - $500 Bonus
Open a new KeyBank Basic Business Checking or Key Business Reward Checking® account. Use promo code MDN12025 at account opening. 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.
Capital One: Business Checking Account - $500 Bonus
Open a new Basic or Enhanced Checking account online. Use promo code Q3BONUS1000 at account opening. Deposit $5,000 - $29,999.99 in new money within 30 days of account opening. Maintain a minimum daily balance of $5,000 - $29,999.99 for at least 60 days within 90 days of account opening. Make 10 qualifying electronic transactions within 90 days of account opening. An existing Capital One Business credit card active for 90 days before account opening is required to be eligible for the bonus.
M&T Tailored Business Checking Account - $500 Bonus
Open a new M&T Tailored Business 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.
Newtown Savings Bank: Business Checking Account - $500 Bonus
Open a new Cornerstone Business Checking account. Use promo code SPECIALBP at account opening. Deposit $1,500 or more at account opening, and maintain a minimum daily balance of $1,500 for 90 days.
Banner Bank: Business Checking Account - $500 Bonus
Open a new Banner Bank Basic Business Checking, Complete Business Checking (with or without interest) or Complete Plus Business Checking account. Use offer code 2025DP at account opening. Deposit $25,000 or more within 30 calendar days of account opening. Maintain a minimum daily balance of $25,000 or more for 90 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.
Central Bank: Business Checking Account - $500 Bonus
Open a new eligible business checking account. Use promo code 500BB15 at account opening. Deposit at least $50 at account opening. Reach a balance of at least $3,000 within 90 days from account opening.
BayFirst National Bank: Business Checking Account - Up to $500 Bonus
Open a new business checking account. Earn $250 when the account receives deposits totaling $10,000 or more within a single monthly statement cycle within the first 3 cycles of account opening. Maximum of $500 bonus per client.
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.
U.S. Bank Platinum Business Checking - $1,000 Bonus
Promo code Q3AFL25 MUST be used when opening a U.S. Bank Business Essentials or Platinum Business Checking account. Limit of one bonus per business. A $100 minimum deposit is required to open one of the referenced accounts.
Earn your $1,000 Business Checking bonus by opening a new U.S. Bank Platinum Business Checking account between 7/1/2025 and 9/30/2025. You must make deposit(s) of at least $25,000 in new money within 30 days of account opening and thereafter maintain a daily balance of at least $25,000 until the 60th day after account opening. You must also complete 5 qualifying transactions within 60 days of account opening.
Qualifying transactions include debit card purchases, ACH credits, Wire Transfer credits and debits, Zelle credits and debits, U.S. Bank Mobile Check Deposit or Bill Pay. Other transactions such as (but not limited to) other Person to Person payments, transfers to credit card or transfers between U.S. Bank accounts are not eligible.
New money is considered money that is new to U.S. Bank. Funds must come from outside U.S. Bank and cannot be transferred from another U.S. Bank product or a U.S. Bank Affiliate. For accounts opened on non-business days, weekends or federal holidays, the open date is considered the next business day. Account fees (e.g., monthly maintenance, paper statement fee, etc.) could reduce the qualifying daily balance, therefore you must make deposit(s) to cover the fees to maintain the daily balance during the qualifying period to be awarded the bonus. Refer to the Business Pricing Information or Business Essentials® Pricing Information Document for a list of fees.
Bonus will be deposited into your new eligible U.S. Bank Business Checking account within 30 days following the last calendar day of the month you complete all of the offer requirements, as long as the account is open and has a positive available balance.
Offer may not be combined with any other business checking account bonus offers. Existing customers (businesses) with a business checking account or customers (businesses) who had an account in the last 12 months, do not qualify.
All regular account-opening procedures apply. For a comprehensive list of checking account pricing, terms and policies, reference your Business Pricing Information or Business Essentials® Pricing Information and YDAA disclosure. These documents can be obtained by contacting a U.S. Bank branch or calling 800.872.2657.
Bonus will be reported as interest earned on IRS Form 1099-INT and recipient is responsible for any applicable taxes. Current U.S. Bank employees are not eligible. U.S. Bank reserves the right to withdraw this offer at any time without notice. Member FDIC
- Minimum Deposit to Open: $100
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 1/31/2026.
- 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 December 19, 2025.
- Make the minimum opening deposit of $50, plus 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.
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.
Banner Bank: Personal Checking Account - $500 Bonus
Open a new personal checking account. Use offer code 2025DP at account opening. Set up and receive at least $1,000 in direct deposits, and have a minimum daily balance of $25,000 or more within 30 days of account opening and maintain for 90 days.
First Merchants Bank: Personal Checking Account - $500 Bonus
Open a new Advantage Checking account. Use promo code SOCIAL25-2 at account opening. Earn $500 by setting up and completing one qualifying payroll Direct Deposit of $500 or more in the first 90 days of account opening.
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.
Arizona Central Credit Union: Personal Checking Account - $500 Bonus
Open a new qualifying checking account. Sign up for eStatements. Complete 15 qualifying debit card transactions totaling $100 or more within 60 days of account opening. Set up qualifying direct deposits of $1,000 or more per month.
CIBM Bank: Personal Checking Account - Up to $500 Bonus
Open a new Acceleration, Classic, or High Performance Checking account. Use promo code 500FOR2025 at account opening. Earn $100 when you complete 10 debit card purchases of $10 or more each per month in each of the first five full calendar months following the month of account opening. Earn $200 when you set up and receive two or more direct deposits totaling $200 or more per month in each of the first five full calendar months following the month of account opening. Earn $200 when you maintain a minimum balance of $1,000 in each of the first five calendar months following the month of account opening.
Community Credit Union Florida: Personal Checking and Savings Account - $500 Bonus
Open a new checking account. Use promo code MK-$300Checking at account opening. Deposit $1,500 within 60 days of account opening. Set up and receive monthly recurring direct deposit of at least $1,500 for 90 days. Sign up for eStatements.
Open a new savings account. Use promo code MK-$300Checking at account opening. Deposit a total of $15,000 or more into the new CCU Florida Share Savings account within 30 days of account opening. Maintain a balance of $15,000 or more for 90 days.
Community Financial Credit Union: Personal Checking Account - $500 Bonus
Open a new CloseEnuff™ checking account. Set up and receive a qualifying monthly direct deposit of $5,000 - $9,999.99 within 6 weeks of account opening. Maintain the direct deposit for 90 days from the first direct deposit.
Old National Bank: Business Checking Account - $500 Bonus
Open an Access Business Banking or Pro Access Banking Checking account. Deposit a total of $7,000 or more within 30 days of account opening. Maintain a balance of $7,000 or more in the account for days 31-90 after account opening. Enroll in Small Business Digital Banking and log in within 30 calendar days of account opening. Keep the account active and in good standing for 120 days.
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.
Union Bank & Trust: Personal Checking Account - $500 Bonus
Open a Simply Free, Simply Free Plus, Simply Free Platinum, or Premium Interest Advantage Checking account. Set up and receive direct deposits totaling $2,500 or more within 90 calendar days of account opening. Enroll in paperless statements via online or mobile banking within 90 calendar days of account opening.
OceanFirst Bank: Personal Checking Account - $500 Bonus
Open a new FreeStyle+ Checking account. Deposit $25 or more at account opening. Set up and receive qualifying direct deposits totaling $500 or more for at least two monthly cycles.
- Bank of America Advantage Banking:
Up to $500 Cash Offer - HSBC Premier:
Earn Up to $3,000 - Wells Fargo Everyday Checking Account:
$325 Bonus - KeyBank:
Key Select Checking® - $500 Bonus - BMO Smart Advantage Checking account:
Earn $400 Cash 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.
Write to Penny Besana at feedback@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.
Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.
|
|
| ||||||
|
|
|
