Best $500 Business Checking Offers for February 2025
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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®:
Up to $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 - CIBM Bank:
Business Checking Account - $500 Bonus - KeyPoint Credit Union:
Business Checking Account - $500 Bonus - WaterStone Bank:
Business Checking Account - $500 Bonus - BOK Financial Bank:
Business Checking Account - $500 Bonus - Walden Savings Bank:
Business Checking Account - $500 Bonus - Central Pacific Bank:
Business Checking Account - Up to $500 Bonus - Golden 1 Credit Union:
Business Checking Account - Up to $500 Bonus - First Commonwealth Bank:
Business Checking Account - $500 Bonus - Banner Bank:
Business Checking Account - $500 Bonus - Central Bank:
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® - Up to $500 Bonus
- Earn up to $500 when you open a new Chase Business Complete Checking® account. For new Chase business checking customers with qualifying activities.
- 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
- 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 allow you to monitor account access, checks, and offers additional protection for your business.
- Access online banking for small businesses. Take advantage of our digital 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.
- Deposit products provided by JPMorgan Chase Bank, N.A. 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.
Some businesses may need to complete their application in person at a physical bank branch and may not be eligible to sign up online. This promo code offer is valid only for online applications.
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 promo code 26BIZ500 at account opening. 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. Make the $25 minimum opening deposit and a total of $5,000 or more within 30 days. Maintain a minimum daily balance of $5,000 or more for the first 90 days.
You must have received a personalized $500 Business Banking promotional offer letter directly from KeyBank to be eligible for this offer. This offer has been collected independently by CreditDonkey. The details on this page have not been reviewed or provided by KeyBank.
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.
CIBM Bank: Business Checking Account - $500 Bonus
Open a new Basic Business Account. Make deposit/s and reach a minimum balance of of $10,000 within the calendar month of account opening or the calendar month following account opening. Maintain a minimum balance of $10,000 in each of the three calendar months following the month of account opening.
KeyPoint Credit Union: Business Checking Account - $500 Bonus
Open a new Elite Business Checking account. Use promo code BUS26 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.
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.
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 up to $500 cash offer must be opened through the Bank of America promotional page.
- The offer is for new checking customers only.
- Offer expires 01/31/2027.
- 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 of account opening.
Cash Bonus Total Direct Deposits $100 $2,000 $300 $5,000 $500 $10,000+ - After the Deposit Period ends, and once you satisfy all the requirements, we will attempt to deposit the earned bonus directly into your new eligible personal checking account within sixty (60) days. The new eligible personal checking account must be open and in good standing up to and including the date any earned bonus is paid.
- 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 11, 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 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.
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.
Truist Bank: Personal Checking Account - $500 Bonus
Open a new Truist One Checking account or Truist Marquee Checking account. Use the promo code provided on the offer page at account opening. Set up and receive at least two qualifying direct deposits totaling $2,000 or more within 120 days of account opening. Make at least 20 qualifying debit card purchases within 120 days of account opening.
Citibank: Personal Checking and Savings Account - $500 Bonus
Open a new Regular Checking account and enroll in this offer the same day the account was opened. Open a new Citi Savings account within 45 calendar days of opening your checking account. Deposit into the eligible account/s a combined total of $30,000 or more in qualifying new funds within 45 days of account opening. Maintain a combined total of $30,000 or more in the eligible account/s for an additional 45 days after the first 45 days.
Charles Schwab Bank: Personal Checking Account - $500 Bonus
Open a new Investor Checking account. Make qualifying net deposits totaling $50,000 - $99,999 during the offer period and maintain it in the account until December 25, 2026.
Flagstar Bank: Personal Checking Account - $500 Bonus
Open a new Flagstar Elite Checking account. Set up and receive one or more direct deposits totaling at least $7,500 per month for each of the three calendar months following account opening.
Columbia Bank: Personal Checking Account - $500 Bonus
Open an Advantage Plus Checking account. Set up and receive qualifying direct deposits totaling $2,000 or more within 60 days of account opening.
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.
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.
Bankers Trust: Personal Checking Account - $500 Bonus
Open a Bank with Trust account. Complete 20 qualifying debit card transactions within 60 days of account opening. Set up and receive direct deposits totaling $500 or more within 60 days of account opening.
Wings Credit Union: Personal Checking Account - $500 Bonus
Open a checking account. Use promo code CHECKING26 at account opening. Set up and receive qualifying payroll direct deposits totaling $5,000 or more within 60 days of account opening. Complete 10 or more qualifying debit or credit card transactions of $5 or more each within 60 days of account opening. Enroll in Wings digital banking.
Busey Bank: Personal Checking Account - $500 Bonus
Open a new Pillar Checking account. Use promo code BETTERBUS2 at account opening. Set up and receive qualifying direct deposits totaling $10,000 or more within 90 days of account opening. Enroll in online banking and eStatements within 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.
iThink Financial: Personal Checking Account - $500 Bonus
Open a new qualifying checking account. Use promo code EARN500 at account opening. Set up and receive qualifying direct deposits totaling $1,000 or more within 90 days of account opening. Apply and get approved for a myRewards Visa Signature Credit Card. Maintain an average daily balance of $20,000 or more for the first 90 days.
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.
Visions Federal Credit Union: Personal Checking Account - $500 Bonus
Open a new checking account. Use promo code DD500FALL2026 at account opening. Set up and receive qualifying direct deposits totaling $5,000 or more within 90 days of account opening.
Citadel Credit Union: Personal Checking Account - $500 Bonus
Open a new checking account. Use promo code SEPT2650013 at account opening. Set up and receive a qualifying direct deposits totaling $2,000 or more within 90 days of account opening. Maintain a daily balance of $5,000 or more in your new checking account during days 61-90 after account opening.
S&T Bank: Personal Checking and Savings Account - $500 Bonus
Open a new Preferred Checking account. Use promo code STAOC4Q26 at account opening. Set up and receive at least two qualifying direct deposits of $500 or more within 60 days of account opening.
Open a new Preferred Savings account. Use promo code STAOC4Q26 at account opening. Fund the account with a minimum of $5,000 in new money and maintain a balance of at least $2,000 until April 9, 2027.
Santander Bank: Personal Checking Account - $500 Bonus
Open a new Santander® Private Client Checking, Santander Select® Checking, Simply Right® Checking, or Santander® Essential Checking account. Set up and receive at least one direct deposit within 90 days of account opening. Maintain an average daily balance of at least $5,000 for the first 90 days.
Penn Community Bank: Personal Checking Account - $500 Bonus
Open a new qualifying checking account. Use promo code 500Bonus at account opening. Within 60 days of account opening, set up and receive qualifying direct deposits totaling at least $1,750 OR complete 20 or more debit card purchase transactions that post to the checking account.
Elevations Credit Union: Personal Checking Account - $500 Bonus
Open a new Elevations Summit Dividend or Peak Perks Checking account. Use promo code ECU500 at account opening. Within 90 days of account opening, set up and receive qualifying direct deposits totaling $1,000 or more per month for two consecutive months. Enroll in online banking within 90 days of account opening.
Banner Bank: Personal Checking and Savings Account - $500 Bonus
Open a new personal checking account. Use promo code 2026EM at account opening. Deposit $2,500 or more within 60 days of account opening. Maintain a minimum balance of $2,500 for 90 days.
Open a new personal savings account. Use promo code 2026EM at account opening. Deposit $5,000 or more within 60 days of account opening. Maintain a minimum balance of $5,000 for 90 days.
Camden National Bank: Personal Checking and Savings Account - $500 Bonus
Open a Premier or Rewards Checking account. Set up and receive a qualifying direct deposit of $500 or more within 60 days of account opening.
Open a Promise Savings or High-Yield Savings account. Deposit $10,000 or more in new money within 20 calendar days of account opening. Maintain a minimum daily balance of at least $10,000 for 90 additional days.
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.
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.
- Bank of America Advantage Banking:
Up to $500 Cash Offer - HSBC Premier:
Up to $3,000 - 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.
Write to Penny Besana at feedback@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.
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