Updated February 8, 2021

Business Checking Account Promotions

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View list of the current top business checking deals and promotions. Earn cash bonuses for opening a new account.

Chase
Member FDIC

Chase Business Complete Banking℠ - $300 Bonus

Expires 10/21/2021
  • Earn $300 when you open a new Chase Business Complete Checking account. For new Chase business checking customers with qualifying activities.
  • More ways to waive fees. Multiple options to waive the Monthly Service Fee, including maintaining a minimum daily balance or purchases on your Chase Ink® Business credit card
  • Built-in card acceptance. Accept card payments anytime, anywhere in the U.S., and get transparent pricing with Chase QuickAccept℠.
  • Same-day deposits with QuickAccept℠. Free up the cash you need to keep your business moving forward with same-day deposits at no additional cost.
  • Alerts to help you stay on top of your account activity.
  • Easy account management through Chase Business online and the Chase Mobile® app.
  • Unlimited electronic deposits, ACH and Chase Quick Deposit℠.
  • Convenient access to 16,000 ATMs and more than 4,700 branches.
  • Minimum Deposit to Open: None
  • Direct Deposit Required: No
  • Minimum Deposit Required: $2,000 within 30 business days
Axos Bank
Member FDIC

Business Interest Checking

  • Earn 0.81% APY
  • $100 minimum opening deposit
  • No monthly maintenance fee with average daily balance of at least $5,000
  • Unlimited domestic ATM fee reimbursements
  • Minimum Deposit Required: $100
Axos Bank
Member FDIC

Business Money Market

  • Earn 0.20% APY
  • $1,000 minimum opening deposit
  • No monthly maintenance fee with average daily balance of at least $5,000
  • Minimum Deposit Required: $1,000

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 July 2021

BMO Harris Bank: Business Advantage Checking Account - $500 Bonus

Open a new Business Advantage Checking account using promo code. Get promo code by entering your email address in the link. Reach a balance of $5,000 within 30 days of account opening and maintain at least $5,000 in the account for the next 90 days. Have at least 10 electronic transactions post to the account within 90 days of account opening. Receive the $500 cash bonus approximately within 130 days after completing all requirements.

This offer is not available to existing BMO Harris business checking customers (including authorized signers on multiple accounts) or those who have closed a BMO Harris business checking account within the past 12 months.

Expires 9/30/2021
  • Direct Deposit Required: No
  • Minimum Deposit Required: $5,000 within 30 days

PNC Bank: Business Checking Account - $200 Bonus

Open a new PNC Business Checking or PNC Business Checking Plus account. Maintain an average cycle balance of $5,000 in your new checking account for each of the first three statement cycles. Make at least 20 qualifying PNC Bank Visa Debit card transactions within the first three statement cycles.

This offer is only available to businesses with an annual revenue of less than $5 million. All existing business checking customers, including those who have closed an account in the past 90 days or has received a promotional premium in the past 12 months are not eligible for this offer. $200 bonus will be credited to your new business checking account within 90 days after all conditions have been met.

Expires 9/30/2021
  • Direct Deposit Required: No
  • Minimum Deposit Required: $5,000 within 30 days

S&T Bank: Business Checking Account - $300 Bonus

Open a new Basic Business Checking account. Fund account with $5,000 or more within 5 business days of account opening. Maintain a balance of $5,000 or more until November 1, 2021. $300 bonus will be deposited on November 10, 2021.

Expires 9/30/2021

PNC Bank: Business Checking Account - $500 Bonus

Open a new PNC Treasury Enterprise Plan or Analysis Business Checking account. Maintain an average cycle balance of $30,000 in your new checking account for each of the first three statement cycles.

This offer is only available to businesses with an annual revenue of less than $5 million. All existing business checking customers, including those who have closed an account in the past 90 days or has received a promotional premium in the past 12 months are not eligible for this offer. $500 bonus will be credited to your new business checking account within 90 days after all conditions have been met.

Expires 9/30/2021
  • Direct Deposit Required: No
  • Minimum Deposit Required: $30,000 within 30 days

BMO Harris Bank: Essential Business Checking Account - $200 Bonus

Open a new Essential Business Checking account using promo code. Get promo code by entering your email address in the link. Reach a balance of $1,500 within 30 days of account opening and maintain at least $1,500 in the account for the next 90 days. Have at least 10 electronic transactions post to the account within 90 days of account opening. Receive the $200 cash bonus approximately within 130 days after completing all requirements.

This offer is not available to existing BMO Harris business checking customers (including authorized signers on multiple accounts) or those who have closed a BMO Harris business checking account within the past 12 months.

Expires 9/30/2021
  • Direct Deposit Required: No
  • Minimum Deposit Required: $1,500 within 30 days

SunTrust Bank: SunTrust Business Checking Account - $200 Bonus

Open a new Simple Business Checking, Primary Business Checking, or Business Advantage Plus Checking account. Use offer code SB21Q3CHECKING. Make at least $1,500 in qualifying cumulative deposits into the account within 30 days of account opening.

Existing business checking customers are not eligible for this offer. Business client cannot have closed a business checking account within 90 days of the promotion start date (on or after April 2, 2021). The business must be registered within the U.S. with the business's physical street address located in AL, AR, GA, FL, MD, MS, NC, SC, TN, VA, and DC. and have a valid U.S. TIN or EIN. $200 bonus will be deposited to the account within 4 weeks after completing the requirements.

Expires 9/30/2021
  • Direct Deposit Required: No
  • Minimum Deposit Required: $1,500 within 30 days

American Airlines Credit Union: Business Checking Account - Up to $185 Bonus

Open a new Business Checking account. Within 60 days of account opening, earn $85 when you make at least $85 in debit card purchases and earn $15 when you sign up for online statements. Earn $85 when you receive at least $250 in direct deposit into your checking account for two consecutive months.

Expires 8/31/2021

Huntington: Business Checking 100 - $200 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 Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania, or West Virginia. 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. $200 bonus will be deposited to your new checking account within 14 days after completing requirements.

Expires 8/7/2021
  • Direct Deposit Required: No
  • Minimum Deposit Required: $2,000 within 60 days

Huntington: Unlimited Business Checking - $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 Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania, or West Virginia. 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.

Expires 8/7/2021
  • Direct Deposit Required: No
  • Minimum Deposit Required: $5,000 within 60 days

Huntington: Unlimited Plus Business Checking - $750 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 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 Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania, or West Virginia. 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. $750 bonus will be deposited to your new checking account within 14 days after completing requirements.

Expires 8/7/2021
  • Direct Deposit Required: No
  • Minimum Deposit Required: $20,000 within 60 days

Old National Bank: Business Checking Account - Up to $500 Bonus

Open a new Free Business Checking or Business Partner Checking account. Deposit $5,000-$14,999.99 into the new checking account within 30 days of account opening. Maintain a balance of $5,000-$14,999.99 for the next 60 calendar days after the initial 30 days after account opening. Complete at least 2 direct deposits OR at least 20 qualifying payments within 90 days of account opening.

Earn an additional $100 (up to $300) for each completed activity: enroll and complete one ONB Express Deposit transaction, setup Merchant Services and complete at least one merchant deposit, and get approved for a new Small Business or Commercial Credit Card.

Expires in 4 days

Old National Bank: Business Checking Account - Up to $650 Bonus

Open a new Free Business Checking or Business Partner Checking account. Deposit $15,000-$24,999.99 into the new checking account within 30 days of account opening. Maintain a balance of $15,000-$24,999.99 for the next 60 calendar days after the initial 30 days after account opening. Complete at least 2 direct deposits OR at least 20 qualifying payments within 90 days of account opening.

Earn an additional $100 (up to $300) for each completed activity: enroll and complete one ONB Express Deposit transaction, setup Merchant Services and complete at least one merchant deposit, and get approved for a new Small Business or Commercial Credit Card.

Expires in 4 days

Old National Bank: Business Checking Account - Up to $800 Bonus

Open a new Free Business Checking or Business Partner Checking account. Deposit $25,000 or more into the new checking account within 30 days of account opening. Maintain a balance of $25,000 or more for the next 60 calendar days after the initial 30 days after account opening. Complete at least 2 direct deposits OR at least 20 qualifying payments within 90 days of account opening.

Earn an additional $100 (up to $300) for each completed activity: enroll and complete one ONB Express Deposit transaction, setup Merchant Services and complete at least one merchant deposit, and get approved for a new Small Business or Commercial Credit Card.

Expires in 4 days

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).

  • Direct Deposit Required: No
  • Minimum Deposit Required: $100 within 90 days

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.

  • Direct Deposit Required: No

First United Credit Union: Business Checking Account - $100 Bonus

Open a new Enhanced Business Checking account. Enroll in eStatements and eNotice. Account must be active and in good standing for at least 3 months.

Level One Bank: Business Checking Account - $100 Bonus

Open a new business checking account and maintain average monthly balances of $1,500 for the first 90 days.

Existing business checking customers, or customers whose accounts have closed within 90 days or closed with a negative balance are not eligible for this offer. $200 bonus will be credited to the account after it has been opened 91 days.

  • Direct Deposit Required: No
  • Minimum Deposit Required: $1,500 within 30 days

Provident Credit Union: Business Checking Account - $150 Visa Reward Card

Open a new eligible Provident Credit Union business checking account through a referral link. Complete 1 or more debit card or credit card purchases totaling at least $300. Make 1 or more direct deposits or automatic credits totaling at least $500. Account must be open and in good standing for a minimum of 60 days to receive bonus.

Consumers Credit Union: Business Checking Account - $200 Bonus

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.

  • Direct Deposit Required: $1,500 or more monthly ACH
  • Minimum Deposit Required: $1,500 or more monthly ACH

MIDFLORIDA Credit Union: Business Checking Account - $300 Bonus

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.

Business must establish $5 membership accounts, and must open a Business Savings account to qualify for bonus.

  • Direct Deposit Required: No
  • Minimum Deposit Required: $5,000 in a calendar month for 2 of the first 6 months

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.

  • Direct Deposit Required: No
  • Minimum Deposit Required: $500 at account opening

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.

  • Direct Deposit Required: No
  • Minimum Deposit Required: $100 at account opening

Flagstar Bank: Business Checking Account - $500 Bonus

Open a new qualifying business checking account with minimum opening deposit of $100. Have deposits of at least $5,000, and have at least 10 qualifying transactions within 90 days of account opening. Account must remain open for at least 90 days.

  • Direct Deposit Required: No
  • Minimum Deposit Required: $5,000 within 90 days

Sterling National Bank: Business Checking Account - Up to $500 Bonus

Get up to $500 as a sign-on bonus earned in increments of $100 per statement cycle if Elite Level requirements are met for the statement cycle. Terms and conditions apply.

Why Open a Business Checking Account?

A separate business banking account is required for LLCs, corporations, and DBAs. 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 very clear trail of your business activities for yourself and the IRS.

  • 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.

  • Banking Relationship
    Having a relationship with a bank could help if you need extra business services. For example, if you need a loan to expand your business in the future, you could receive better rates.

How to Get Business Account Bonuses

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.

Which banks are offering money to open accounts? These banks often offer business checking bonuses:

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?

  • 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.

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:

Write to Anna G 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.

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