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View list of the current top business checking deals and promotions. Earn cash bonuses for opening a new account.
Earn $300 when you open a new Chase Business Complete Checking® account. For new Chase business checking customers with qualifying activities.
Multiple ways to waive the Monthly Service Fee, including maintaining a minimum daily balance or purchases on your Chase Ink® Business credit card.
Full-service business banking. Convenient access to all your business banking services in one place -- lending, checking, credit card and payment solutions.
Your choice of payment types. Choose from a full range of options for accepting payments and making deposits that include Zelle®, Online Bill Pay, wire transfers and ACH payments.
Convenient access to payment processing. Process all major debit and credit cards with QuickAccept®. It's a built-in feature with your Business Complete Checking account.
Helping you save money. Multiple ways to waive service fees and unlimited digital transactions helps you keep more of your money.
Full-featured banking online and on-the-go. Manage your business' finances on your terms with the latest online and mobile banking technology.
Trusted and secure financial partner. We're committed to helping you grow and protect your business.
Open a new eligible business checking account by December 31, 2023
Make Qualifying Deposits* of $5,000 or more in new money within 30 days of opening the new eligible business checking account
Maintain an average balance of $5,000 for the next 60 days (day 31-90) during the maintenance period**
*Qualifying Deposits are deposits of new money, which is money not currently or previously held in any account at Bank of America or Merrill
**The maintenance period begins thirty-one (31) days after account opening and ends ninety (90) calendar days after account opening.
Member FDIC
Earn up to an $800 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q3AFL23 and complete qualifying activities, subject to certain terms and limitations. Offer valid through January 8, 2024. Member FDIC. Complete these steps to earn the offer:
Earn your $350.
Complete $5,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
Earn your $800.
Complete $25,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
Earn up to an $800 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q3AFL23 and complete qualifying activities, subject to certain terms and limitations. Offer valid through January 8, 2024. Member FDIC. Complete these steps to earn the offer:
Earn your $350.
Complete $5,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
Earn your $800.
Complete $25,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
Earn up to an $800 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q3AFL23 and complete qualifying activities, subject to certain terms and limitations. Offer valid through January 8, 2024. Member FDIC. Complete these steps to earn the offer:
Earn your $350.
Complete $5,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
Earn your $800.
Complete $25,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
Open a business checking account by Dec. 31 and get up to $400 when you use promo code NEW400 on your application and maintain a minimum average daily balance of $50,000.*
Open a business checking account by Dec. 31 and get up to $400 when you use promo code NEW400 on your application and maintain a minimum average daily balance of $50,000.*
Up to 1.01% APY*
$100 minimum opening deposit
Pay no monthly maintenance fee with an average daily balance of at least $5,000
Unlimited domestic ATM fee reimbursements
Up to 100 free items per month, $0.50 per item thereafter (includes debits, credit, and deposited items)
Up to 60 items per month for Remote Deposit Anywhere (includes monthly per item processing limitation)
Automatically find tax write-offs and track expenses
Auto-save for taxes
Photo receipt capture
Free unlimited custom invoices
Easy sign up; no credit check
Found is a financial technology company, not a bank. Banking services are provided by Piermont Bank, Member FDIC. The Found Mastercard® Debit Card is issued by Piermont Bank, Member FDIC.
Exchange money in 25+ currencies and spend in 150 global currencies
Set up as many subaccounts in each currency as you need
Issue physical and virtual cards to your global team
Stay in control with spending limits and custom permissions
See Terms & Conditions for details. Revolut is a financial technology company. Banking services provided by Metropolitan Commercial Bank, (Member FDIC)
Small business owners—take notice. Many banks are offering incentives and cash bonuses for opening new business checking accounts.
A business checking account is important to keep your funds separate from your personal banking. It helps organize your accounting and will save you a lot of headache during tax time. LLCs, corporations, and DBAs are required to have a separate business bank account.
What you need to open a business checking account:
Taxpayer Identification Number (SSN or EIN)
Current business license
DBA name registration (for sole proprietors, if applicable)
Partnership agreement (for partnerships)
Articles of Organization (for LLCs)
Articles of Incorporation (for corporations)
Checking Account Promotions for October 2023
Business Bank Account Promotions Here are the top business checking bonus for new business checking customers:
Earn up to $2,000 cash bonus with required activities. Open a new CitiBusiness (Analyzed), Streamlined, or Flexible Checking account. Mention this offer to a Citibank Business Specialist. Within 30 calendar days following account opening, make one or more deposits in new-to-Citibank funds to meet the Qualifying Balance. Maintain the required Qualifying Balance for 60 consecutive calendar days after the Qualifying Balance level is met during the initial 30 calendar day funding period.
Qualifying Balance
Bonus
$5,000 - $19,999
$300
$25,000 - $99,999
$750
$100,000 - $199,999
$1,500
$200,000 or more
$2,000
Huntington: Business Checking Account - $1,000 Bonus
Open a new Huntington Unlimited Plus Business Checking, Business Analyzed Checking, or Non-Profit Analyzed Checking account using offer code. Make a minimum cumulative new money deposit into the new checking account of at least $20,000 within 30 days of account opening. Account must maintain an open status for at least 90 days to be eligible.
This offer is only available to applicants residing in Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Dakota, West Virginia, or Wisconsin. This offer is only available to new business checking customers. All current Huntington business checking customers, including those with business checking accounts closed within the last six months, are not eligible. $1,000 bonus will be deposited to your new checking account within 14 days after completing requirements.
Huntington: Business Checking Account - $400 Bonus
Open a new Huntington Unlimited Business Checking, Unlimited Plus Business Checking, Business Analyzed Checking, Non-Profit Analyzed Checking, or Non-Profit Interest Checking account. Make a minimum cumulative new money deposit into the new checking account of at least $5,000 within 60 days of account opening. Account must maintain an open status for at least 90 days to be eligible.
This offer is only available to applicants residing in Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Dakota, West Virginia, or Wisconsin. This offer is only available to new business checking customers. All current Huntington business checking customers, including those with business checking accounts closed within the last six months, are not eligible. $400 bonus will be deposited to your new checking account within 14 days after completing requirements.
Huntington: Business Checking Account - $100 Bonus
Open a new Huntington Business Checking 100, Huntington Unlimited Business, Huntington Unlimited Plus, Business Analyzed, Non Profit Analyzed, or Non Profit Interest Checking account. Make a minimum cumulative new money deposit into the new checking account of at least $2,000 within 60 days of account opening. Account must maintain an open status for at least 90 days.
This offer is only available to applicants residing in Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Dakota, West Virginia, or Wisconsin. This offer is only available to new business checking customers. All current Huntington business checking customers, including those with business checking accounts closed within the last six months, are not eligible. $100 bonus will be deposited to your new checking account within 14 days after completing requirements.
Open a new BMO Digital Business Checking, BMO Simple Business Checking, BMO Premium Business Checking, or BMO Elite Business Checking account. Maintain an Average Collected Balance of $10,000 for 120 days. Complete 10 qualifying electronic transactions within 120 days of account opening.
Open a new BMO Digital Business Checking, BMO Simple Business Checking, BMO Premium Business Checking, or BMO Elite Business Checking account. Maintain an Average Collected Balance of $4,000 for 120 days. Complete 10 qualifying electronic transactions within 120 days of account opening.
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 at least $5,000 for the third full calendar month after the account was opened.
Associated Bank: Business Checking Account - Up to $300 Bonus
Open a new Associated Bank Business Foundation Checking, Business Core Checking, or Business Advanced Checking account. Complete 5 customer initiated transactions within 60 days of account opening. Enroll in Associated Connect® or Associated Bank Digital Banking within 60 days of account opening.
Flushing Bank: Business Checking Account - $1,500 Bonus
Open a new Complete Business Checking account. Minimum opening deposit of $15,000 is required to qualify for the Value Program gift card. Get a $1,500 gift card when your minimum 90-day average is $250,000 or more.
Flushing Bank: Business Checking Account - $1,000 Bonus
Open a new Complete Business Checking account. Minimum opening deposit of $15,000 is required to qualify for the Value Program gift card. Get a $1,000 gift card when your minimum 90-day average is $150,000 - $249,999.
Flushing Bank: Business Checking Account - $600 Bonus
Open a new Complete Business Checking account. Minimum opening deposit of $15,000 is required to qualify for the Value Program gift card. Get a $600 gift card when your minimum 90-day average is $75,000-$149,999.
Open a new qualifying business checking account. Use promo code WSBCBiz500 at account opening. Maintain an average daily balance of at least $15,000 in the first 60 days after account opening.
MIDFLORIDA Credit Union: Business Checking Account - Up to $500 Bonus
Minimum Deposit Required:$5,000 in a calendar month for 2 of the first 6 months
Promotion Details
Earn $300 when you open a new Free Business Checking account. Enroll in online banking, eStatement, eNotice, and debit card. Make deposits totaling at least $5,000 in a calendar month for 2 of the first 6 months of account opening. Complete 5 qualifying transactions within 45 days of account opening. Earn an additional $200 when you open a Free Checking account, and have a cumulative of $500 in direct deposit which post within 45 days of account opening. Must also enroll in online banking, eStatement, eNotice, and debit card.
Business must establish $5 membership accounts, and must open a Business Savings account to qualify for bonus.
North State Bank: Business Checking Account - $450 Bonus
Open a new Performance Business Checking account. Make 50 or more qualifying transactions in a statement cycle within 90-180 days of account opening. Qualifying transactions include debit card transactions (not including ATM transactions), ACH debits and credits, and deposits and payments made through Online Banking.
This offer is only available to customers who have received a previous account opening bonus related to a business checking account. Limit one business account opening bonus per physical address, and/or Federal Tax ID. Must be registered to do business in NC.
Provident Credit Union: Business Checking Account - $300 Bonus
Open a Dividend Business Checking account. Use promo code 9982. Deposit $2,500 or more within 60 days of account opening. Make purchases of $400 or more per month for 2 months using a Provident Business debit and/or credit card. Enroll in online banking service and e-Documents. Business Savings account is required to open a Dividend Business Checking account.
Waterstone Bank: Business Checking Account - $250 Bonus
Open a new Business Checking account. Use promo code SMBIZ at account opening. Keep account open and active for the entire statement cycle in order to qualify for the bonus.
Flushing Bank: Business Checking Account - $200 Bonus
Open a new Complete Business Checking or Complete Business Checking Plus account. Minimum opening deposit is $100. Within 60 days of account opening, complete 5 debit card purchases of at least $25 each, and make 5 online banking bill-payments of at least $25 each via Flushing Bank's Online Banking portal.
Consumers Credit Union (Michigan): Business Checking Account - $200 Bonus
Direct Deposit Required:$1,500 or more monthly ACH
Minimum Deposit Required:$1,500 or more monthly ACH
Promotion Details
Open a qualifying business checking account. Set up and receive a monthly ACH of $1,500 or more to qualify for bonus. Account must remain open and in good standing for at least 6 months and receive eStatements.
This offer is valid only for business accounts using comparable services offered by Consumers Credit Union.
Flushing Bank: Business Checking Account - $200 Bonus
Open a new Complete Business Checking account. Minimum opening deposit of $15,000 is required to qualify for the Value Program gift card. Get a $200 gift card when your minimum 90-day average is $15,000 - $24,999.
Community First Credit Union: Business Checking Account - $200 Bonus
Open a new Connections Business Checking account and earn $200 bonus. New members must open a share account with a minimum $5 initial deposit (share account is required for membership).
TBK Bank: Business Checking Account - Up to $200 Bonus
Open a new Business Interest Checking account. Earn $100 when you open a Merchant Services. Earn $50 when you complete at least 3 recurring automatic transfers from this account to a TBK Bank savings or money market account. Earn $25 when you get a business debit card and make at least one point-of-sale. Earn $25 when you open and fund an AIM or Everyday consumer checking account. All activities must be completed within 120 days from account opening.
TBK Bank: Business Checking Account - Up to $150 Bonus
Open a new Business Checking account. Earn $75 when you open Merchant Services. Earn $25 when you complete at least 3 recurring automatic transfers from this account to a TBK Bank savings or money market account. Earn $25 when you get a business debit card and make at least one point-of-sale. Earn $25 when you open and fund an AIM or Everyday consumer checking account. All activities must be completed within 120 days from account opening.
Community First Credit Union: Business Checking Account - $100 Bonus
Open a new Premier Business Checking account and earn $100 bonus. New members must open a share account with a minimum $5 initial deposit (share account is required for membership).
Technology Credit Union: Business Checking Account - $100 Bonus
Open a new Tech CU Business Basic Checking or Tech CU Business Interest Checking account. Set up merchant services through US Merchant Systems. Meet other security and and credit requirements to qualify.
BrightStar Credit Union: Business Checking Account - $100 Bonus
Open a new Business Checking Account. Enroll in e-Statements, and complete at least 4 transactions per month for 7 months. Account must remain active for the entire 7 months. New membership and new checking account must be established at the same time.
Open a new BankPlus Business Checking account. Earn $25 when you use your BankPlus Business Visa for 2 debit card transactions in the same month as the month of account opening. Earn $75 when you use your BankPlus Business Visa for 8 debit card transactions in the second month of account opening.
Freedom Federal Credit Union: Business Checking Account - $100 Bonus
Open a new qualifying business checking account. Deposit $100 or more within 90 days of account opening. Business checking account must be opened along with a new Freedom Business Banking membership.
This offer is available only to members of Harford County Association of REALTORS (HCAR).
Advantis Credit Union: Business Checking Account - $100 Bonus
Open a new business savings account, business checking account, and one qualifying product (CD, money market, commercial loan). The account and qualifying products must be opened within 6 months after opening of the membership.
Offer is valid only to new Advantis Credit Union members (i.e. Individuals without an Advantis membership in the previous 6 months). Receive the bonus within 60 days after completing all requirements.
North State Bank: Business Checking Account - $50 Bonus
Open a new Community Non-Profit Checking account. Make 20 or more qualifying transactions in a statement cycle within 90-180 days of account opening. Qualifying transactions include debit card transactions (not including ATM transactions), ACH debits and credits, and deposits and payments made through Online Banking.
This offer is only available to customers who have received a previous account opening bonus related to a business checking account. Limit one business account opening bonus per physical address, and/or Federal Tax ID. Must be registered to do business in NC.
Community First Credit Union: Business Checking Account - $50 Bonus
Open a new Classic Business Checking account and earn $50 bonus. New members must open a share account with a minimum $5 initial deposit (share account is required for membership).
Seacoast Bank: Business Checking Account - $600 Bonus
Open a new qualifying business checking account. Deposit $10,000 or more in money into the account within 15 days of account opening. Maintain a balance of $10,000 or more for 90 days after account opening. Complete 15 qualifying debit card purchases within 90 days of account opening.
1st United Credit Union: Business Checking Account - $200 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 23BU at account opening. Deposit $25,000 or more in new money within 60 days of account opening. Maintain a minimum daily balance of $25,000 or more for 90 days.
Open a new Banner Bank Business Savings, Business Money Market, Banner's Best Business Savings, or High Yield Relationship Savings account at the same time as the business checking account. Deposit $1,000 or more in new money within 60 days of account opening. Maintain a minimum daily balance of $1,000 or more 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 23BU at account opening. Deposit $25,000 or more in new money within 60 days of account opening. Maintain a minimum daily balance of $25,000 or more for 90 days.
Banner Bank: Business Checking and Savings Account - $300 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 23BU at account opening. Deposit $2,000 or more in new money within 60 days of account opening. Maintain a minimum daily balance of $2,000 or more for 90 days.
Open a new Banner Bank Business Savings, Business Money Market, Banner's Best Business Savings, or High Yield Relationship Savings account at the same time as the business checking account. Deposit $1,000 or more in new money within 60 days of account opening. Maintain a minimum daily balance of $1,000 or more for 90 days.
Banner Bank: Business Checking Account - $200 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 23BU at account opening. Deposit $2,000 or more in new money within 60 days of account opening. Maintain a minimum daily balance of $2,000 or more for 90 days.
Flagstar Bank: Business Checking Account - $500 Bonus
Open a new qualifying business checking account. Deposit $5,000 or more within 90 days of account opening. Complete 10 or more qualifying transactions within 90 days of account opening. Account must remain open and in good standing for at least 90 days to be eligible for bonus.
Union Savings Bank: Business Checking Account - $500 Bonus
Open a new Basic Business or Business Relationship Checking account. Deposit $100 or more at account opening. Make 15 qualifying debit or credit transactions within 90 days of account opening. Maintain a minimum daily balance of $2,500 for 60 days beginning on the 31st day after account opening.
Comerica Bank: Business Checking Account - $2,500 Bonus
Open a new Comerica Maximize Checking account. Enroll in Comerica Maximize cash management package. Maintain a minimum average ledger balance of $250,000 or more in new money for each of the fourth, fifth and sixth monthly statement cycles.
Why Open a Business Checking Account?
A separate business banking account is required for LLCs and corporations. But even if you don't operate as one of these, here are some advantages of a business banking account:
Easier Bookkeeping It will get very hard during tax time if you mix your personal and business transactions. A separate business account will provide a clear trail of your business activities for yourself and the IRS.[1]
Professionalism Your customers can make checks out to your business instead of to you. You can also pay for business expenses with a business card or checks. And when it's tax time, you can make the tax payment out of your business account.
Purchase Power A lot of bank business accounts will also give you access to their business credit cards. This gives you more purchasing power if you have startup costs or need to make a large purchase.
Access to funding You need a business bank account if ever apply for a business loan. You never know when you might need a loan to expand your business or to keep it afloat during hard times.
Receive, hold, and exchange money in 25+ currencies worldwide
Unlimited subaccounts in each currency
Spend in 150 global currencies
Manage global team from your phone - issue cards, track spending and set limits
Follow FX in real-time and get alerts to exchange at your ideal rate
Earn up to 1.9% cashback. Limits apply per plan
See Terms & Conditions for details. Revolut is a financial technology company. Banking services provided by Metropolitan Commercial Bank, (Member FDIC)
Automatically find tax write-offs and track expenses
Pay taxes directly from the app
Free unlimited custom invoices
Custom bookkeeping categories
Priority customer support
Found is a financial technology company, not a bank. Banking services are provided by Piermont Bank, Member FDIC. The Found Mastercard® Debit Card is issued by Piermont Bank, Member FDIC
You can often find bank promotions for opening a new business checking account. These offers will usually be a cash bonus with a certain minimum deposit. The terms will usually be:
Open a new account through a certain offer link.
Earn a cash bonus after you complete a qualifying deposit within a certain number of days.
Maintain that balance for a certain number of days.
Receive your cash bonus after these qualifying activities are complete. The money will be deposited into your account.
We keep a list of the latest business promotions, so keep your eye out on our page. If you see a bonus offer, we will provide the promo code and details. Be aware of when the offer expires and act on it quick.
What banks are offering money to open business checking accounts? These banks often offer business checking bonuses:
Associated Bank: Business Checking Account - Up to $300 Bonus
Flushing Bank: Business Checking Account - $1,500 Bonus
What To Look for in a Business Account
What bank has the best business account? Picking the right bank for your business is important. Aside from just checking, your bank should be able to provide solutions to help your business grow (such as credit card offers and business loans).
Here are some factors to consider:
Monthly fees and balance requirements Most traditional banks have a monthly service fee. You'll have to maintain a minimum balance or complete deposit requirements in order to waive the monthly fees. Can you meet that requirement?
What's the most you're willing to keep as a monthly balance?
Small or large bank Large national banks are more convenient and may have more options. But small local banks or credit unions offer more personalized service.
If you don't need in-person banking services, you may even want to consider an online bank, which often have less fees and lower requirements.
Number of transactions How many transactions do you expect each month? Most banks offer a limited amount of free monthly transactions. See if the checking account meets your transaction and deposit needs.
Additional services and benefits Will you potentially want a loan in the future? Or merchant services and payroll programs? If so, look for a bank that offers these services to small business owners. Having a personal relationship with your bank may help you obtain these services.
Here are other things to consider when opening a business checking account:
Introductory offers
Interest rates
Transaction fees
Early termination fees
Account maintenance and minimum balance
ATM access
FDIC Insurance
Frequently Asked Questions
Can I use my personal bank account for business? Sole proprietors are not legally required to have a business bank account. So technically, you can conduct both personal and business transactions from your personal account.
However, a separate business account will be helpful to keep expenses separate for tax reasons. LLCs, corporations, and DBAs are required to have a separate business bank account.
Do I have to be an LLC to open a business checking account? Nope. Sole proprietors can open a business checking account with their SSN or tax ID.
As a sole proprietor, you can operate the business under your own name and don't even need to be registered. This works for self-employed individuals or small home businesses.
How long does it take to open a business checking account? Many banks let you open a business checking account online, so you can fill out the application in minutes. You may then be required to send in additional supporting documents.
Once the application is approved, your new account could be up and running in as little as 3-5 business days. For the smoothest process, make sure to have all the required documentation ready when you apply.
How much money do I need to open a business checking account? Each bank will have their own deposit requirements for their business checking accounts. It could be $0 or as low as just $25. More premium accounts may require higher opening deposits.
Watch out for any service fees. Some banks may require that you maintain a certain balance to avoid a monthly service fee.
Can I open a business bank account with bad credit? Banks check your banking history and credit report when considering you for a new banking product. If you have a history of overdrafts or bank debts, it could be hard for you to get approved for a business bank account—especially as a sole proprietor.
For those with bad credit, forming an LLC could help. This action separates the business from your personal accounts.
There are banks that offer business accounts to those with bad credit. You'll need to ask around if there are options for you. Credit unions are also usually more lenient with their requirements.
What the Experts Say
As part of our series on small businesses and banking, CreditDonkey asked a panel of industry experts to answer readers' most pressing questions. Here's what they said:
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