Updated December 24, 2019

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

    Introducing Chase Business Complete Banking℠

    • 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
    • Convenient access to payment processing. Accept card payments virtually anytime and anywhere, with QuickAccept.
    • Same-day deposits with QuickAccept. Free up the cash you need to keep your business moving forward 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.
    Axos Bank

    Basic Business Checking Account - $100 Bonus

    Expires 3/31/2021

    Use promo code EARN100 on your application. Restrictions apply.

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 November 2020

    Introducing Chase Business Complete Banking℠

    • 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
    • Convenient access to payment processing. Accept card payments virtually anytime and anywhere, with QuickAccept.
    • Same-day deposits with QuickAccept. Free up the cash you need to keep your business moving forward 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.

    Axos Bank: Basic Business Checking Account - $100 Bonus

    Expires 3/31/2021

    Use promo code EARN100 on your application. Restrictions apply.

    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 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.

    Expires 1/31/2021

    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 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.

    Expires 1/31/2021

    Huntington: Business Checking Account - $200 Bonus

    Open a new Huntington Business Checking 100 and 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 to be eligible. This offer is only available to applicants residing in Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania, or West Virginia. Not available in Wisconsin.

    Expires 1/7/2021

    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 Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania, or West Virginia. Not available in Wisconsin.

    Expires 1/7/2021

    Huntington: Business Checking Account - $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. Not available in Wisconsin.

    Expires 1/7/2021

    Liberty Bank: Business Checking Account - $100 Bonus

    Open an eligible business checking account with a minimum opening deposit of $25. $100 bonus will be credited 30-45 days after account opening.

    Expires 12/31/2020

    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. $200 bonus will be credited to your new business checking account within 90 days after all conditions have been met. Offer only available to businesses with an annual revenue less than $5 million.

    Expires 12/31/2020

    Vantage West Credit Union: Business Checking Account - $200 Bonus

    Open a new Select, Premier, or Community Checking account with a minimum of $100 in opening deposit at Maricopa County Vantage West Financial Center. Deposit $1,000 within 10 days into qualifying checking account. Perform 10 debit or credit card transactions within 60 days of account opening. Account must remain open for at least 6 months.

    Expires 12/31/2020

    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. $500 bonus will be credited to your new business checking account within 90 days after all conditions have been met. Offer only available to businesses with an annual revenue less than $5 million.

    Expires 12/31/2020

    SunTrust Bank: SunTrust Business Checking Account - $200 Bonus

    Earn $200 when you open a new eligible SunTrust business checking account using offer code SB20Q4CHECKING and receive at least $1,500 in qualifying cumulative deposits within 30 days of account opening. Account must stay open for at least 180 days. The accounts eligible for this promotion are Simple Business Checking, Primary Business Checking, and Business Advantage Plus. 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.

    Expires 12/31/2020

    M&T Bank: M&T Tailored Business Checking Account - $300 Bonus

    Open a new M&T Tailored Business checking account using offer code. Receive $300 if the Average Ledger Balance in the account is at least $5,000 for the third full calendar month after the account was opened. Bonus will be credited to your account within 45 days after the end of the third full calendar month after the account was opened.

    Expires in 5 days

    Freedom Federal Credit Union: Business Checking Account - $100 Bonus

    Offer is valid only to members of Harford County Association of REALTORS (HCAR). Open a new qualifying business checking account. Deposit $100 or more within 90 days to get bonus. Business checking account must be opened along with a new Freedom Business Banking membership.

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

    Open a new Connections Business Checking account. Minimum opening deposit is $100. Membership is required. Membership is open to anyone who lives, works, or attends school in one of the following counties: Baker, Brevard, Broward, Clay, Duval, Flagler, Indian River, Lake, Martin, Nassau, Orange, Palm Beach, Putnam, Seminole, St. Johns, St. Lucie, or Volusia.

    Advantis Credit Union: Business Checking Account - $100 Bonus

    Open a new qualifying consumer or business checking account with one other qualifying product. The checking account and qualifying products must be opened within 6 months after opening of the membership.

    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.

    Century Bank: Business Checking Account - $100 Bonus

    Open a new qualifying business checking account. Make 9 qualifying debit card transactions within 60 days of account opening.

    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.

    Community First Credit Union: Business Checking Account - $200 Bonus

    Open a new Premier Business Checking account. Minimum opening deposit is $100. Membership is required. Membership is open to anyone who lives, works, or attends school in one of the following counties: Baker, Brevard, Broward, Clay, Duval, Flagler, Indian River, Lake, Martin, Nassau, Orange, Palm Beach, Putnam, Seminole, St. Johns, St. Lucie, or Volusia.

    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. This offer is valid only for business accounts using comparable services offered by Consumers Credit Union.

    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.

    North State Bank: Business Checking Account - $450 Bonus

    Open a new Performance Business Checking account. To receive bonus, you must have 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.

    North State Bank: Business Checking Account - $50 Bonus

    Open a new Community Non-Profit Checking account. To receive bonus, you must have 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.

    Community First Credit Union: Business Checking Account - $50 Bonus

    Open a new Classic Business Checking account. Minimum opening deposit is $100. Membership is required. Membership is open to anyone who lives, works, or attends school in one of the following counties: Baker, Brevard, Broward, Clay, Duval, Flagler, Indian River, Lake, Martin, Nassau, Orange, Palm Beach, Putnam, Seminole, St. Johns, St. Lucie, or Volusia.

    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.

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.

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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