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

Member FDIC
- Earn $500 when you open a new Chase Business Complete Checking® account. For new Chase business checking customers with qualifying activities.
- Get added features at no additional costs. 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 at no additional cost.
- 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 provide safeguards by overseeing employee account activity, monitoring checks, and offering additional protection for your business.
- Access top-rated online business banking. Take advantage of our #1-ranked online small 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.
Expires 6/18/2026
To earn the $500 bonus, customers must apply for a Bluevine Business Checking account anytime between now and 09/30/2026 using the referral code CD500.
After opening your account, deposit a total of $5,000 within the first 30 days. After 30 days, maintain a minimum daily balance of $5,000 while also completing at least one of the following eligibility requirements every 30 days for 90 days:
- Deposit at least $5,000 from eligible merchant services to your Bluevine account OR
- Make at least $5,000 of outbound payroll payments from your Bluevine account using eligible payroll providers OR
- Spend at least $2,000 on eligible transactions with your Bluevine Business Debit Mastercard® and/or Bluevine Business Cashback Mastercard®
Banking services provided by Coastal Community Bank, Member FDIC
Expires 9/30/2026

Member FDIC
- Open a Basic Business Checking account using promo code START200 by June 30, 2026.
- Every dollar counts when you're starting out. That's why new businesses can earn up to $200 opening a new Basic Business Checking account today.
- No initial deposit requirement
- No minimum balance requirement
- No monthly maintenance fees
- Free domestic incoming wires. Two (2) outgoing domestic wire fees reimbursed per month.
- Unlimited domestic ATM fee reimbursements
- Unlimited item processing (debits, credits, and deposited items)
- Cash deposits via MoneyPass and Allpoint networks
Expires 6/30/2026
- Sign up in 3 minutes; no credit check
- No account fees - $0 monthly fee, overdraft fee, foreign transaction fee, or ATM fees at approximately 40,000 locations
- Automatic Savings
- Get paid up to 2 days early
- Savings with up to 4.00% APY
Lili is a financial technology company, not a bank. Banking services provided by Sunrise Banks N.A., Member FDIC
- $0 monthly service fee
- $0 minimum opening deposit
- Open up to 20 individual business checking accounts
- Earn up to 2.68% APY with automated savings
- Issue up to 50 Visa® debit cards to your team
Banking services provided by Thread Bank, Member FDIC.

- 1.3% APY on your balance up to $250,000 for customers that meet monthly eligibility requirements
- $0 minimum opening deposit
- $0 monthly service fee
Banking services provided by Coastal Community Bank, Member FDIC
- $0 monthly service fee
- $50 deposit to unlock all features
- ATM fee refunds up to $7 per month
Banking services provided by Middlesex Federal Savings F.A., Member FDIC

Member FDIC
- 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 50 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)
- Free online banking, image statements, and Bill Pay
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.
Just remember to keep your business needs in mind. For LLCs, check out the best business bank accounts for LLC to make sure you're picking one that fits your needs.
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)
Business Bank Account PromotionsHere are the top business checking bonus for new business checking customers:
- Chase Business Complete Banking®: $500 Bonus
- Bank of America® Business Advantage Banking: $400 or $750 Cash Bonus Offer
- Bluevine: Free Business Checking - Earn $500 Bonus
- Citibank Business Checking: Up to $2,000 Bonus
- Axos Bank: Basic Business Checking - Up to $200 Bonus
- PNC Bank: Business Checking Account - $1,000 Bonus
- Truist Bank: Business Checking Account - $400 Bonus
- Capital One: Business Checking Account - $500 Bonus
- Associated Bank: Business Checking Account - $750 Bonus
- Huntington: Business Checking Account - $1,000 Bonus
- First National Bank of Omaha: Business Checking Account - $250 Bonus
- Hancock Whitney Bank: Business Checking Account - $500 Bonus
- Fulton Bank: Business Checking Account - $500 Bonus
- SouthState Bank: Business Checking Account - $1,000 Bonus
- Old National Bank: Business Checking Account - $800 Bonus
- Wintrust Bank: Business Checking Account - $300 Bonus
- Wells Fargo: Business Checking Account - $400 Bonus
- U.S. Bank Platinum Business Checking: $1,200 Bonus
- KeyBank: Business Checking Account - $500 Bonus
- Citizens Bank: Business Checking Account - $1,500 Bonus
- M&T Bank: Business Checking Account - $1,500 Bonus
- ACNB Bank: Business Checking Account - $2,000 Bonus
- ACCESSBank: Business Checking Account - Up to $1,500 Bonus
- Farmers State Bank: Business Checking Account - $1,000 Bonus
- Blue Foundry Bank: Business Checking Account - $1,000 Bonus
- Waterstone Bank: Business Checking Account - Up to $1,000 Bonus
- KeyPoint Credit Union: Business Checking Account - $500 Bonus
- Independent Bank: Business Checking Account - $500 Bonus
- North State Bank: Business Checking Account - $450 Bonus
- Broadway Bank: Business Checking Account - $400 Bonus
- Frontwave Credit Union: Business Checking and Savings Account - $350 Bonus
- MIDFLORIDA Credit Union: Business Checking Account - $300 Bonus
- Red Canoe Credit Union: Business Checking Account - $250 Bonus
- Washington Trust Bank: Business Checking Account - $250 Bonus
- Valley Strong Credit Union: Business Checking Account - $250 Bonus
- Consumers Credit Union (Michigan): Business Checking Account - $200 Bonus
- Community First Credit Union: Business Checking Account - $200 Bonus
- TBK Bank: Business Checking Account - Up to $200 Bonus
- 1st United Credit Union: Business Checking Account - $100 Bonus
- Ballston Spa National Bank: Business Checking Account - $100 Bonus
- Freedom Federal Credit Union: Business Checking Account - $100 Bonus
- Hanmi Bank: Business Checking Account - $2,000 Bonus
- Walden Savings Bank: Business Checking Account - $1,000 Bonus
- Dedham Savings: Business Checking Account - $300 Bonus
- Central Bank: Business Checking Account - $500 Bonus
- First Commonwealth Bank: Business Checking Account - $500 Bonus
- BOK Financial Bank: Business Checking Account - $1,500 Bonus
- Equity Bank: Business Checking Account - $1,000 Bonus
- Banner Bank: Business Checking and Savings Account - $1,000 Bonus
- S&T Bank: Business Checking Account - $900 Bonus
- Cape Ann Savings Bank: Business Checking Account - $600 Bonus
- Bankers Trust: Personal Checking Account - $400 Bonus
- Bank of Colorado: Business Checking Account - $500 Bonus
Bank of America® Business Advantage Banking - $400 or $750 Cash Bonus Offer
Expires 12/31/2026
Promotion Details- The $400 or $750 cash bonus offer is an online only offer and must be opened through the Bank of America promotional page.
- The offer is for new eligible business checking customers only.
- Offer expires 12/31/2026.
- To qualify, open a new Business Advantage Relationship Banking or Business Advantage Fundamentals™ Banking account through the promotional page and deposit New Money* directly into that new eligible account within thirty (30) days of account opening (“Deposit Period”). At the
end of the Deposit Period, all New Money deposits made directly into new eligible Business Advantage Banking account will be totaled to determine which Balance Requirement you have met and which corresponding Cash Bonus Tier you
are eligible for.
| Balance Requirement | Cash Bonus Tier |
| $5,000 | $400 |
| $15,000 | $750 |
- Maintain a daily balance in that new Business Advantage Banking account that meets the applicable Balance Requirement during the Maintenance Period**
- After you satisfy all of the requirements, Bank of America will attempt to deposit your earned bonus directly into your new eligible Bank of America Business Advantage Banking account within 60 days.
- Additional terms and conditions apply. See offer page for more details.
- *New Money is new funds deposited into your Business Advantage Banking account that are not transfers from other Bank of America accounts or Merrill investment accounts.
- ** The Maintenance Period begins thirty-one (31) calendar days after account opening and ends ninety (90) calendar days after account opening.
- Bank of America, N.A. Member FDIC
Citibank Business Checking - Up to $2,000 Bonus
Expires 7/7/2026
Promotion DetailsEarn 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 45 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 45 consecutive calendar days after the Qualifying Balance level is met during the initial 45 calendar day funding period.
| Qualifying Balance | Bonus |
|---|
| $5,000 - $19,999 | $300 |
| $20,000 - $49,999 | $500 |
| $50,000 - $99,999 | $1,000 |
| $100,000 - $199,999 | $1,500 |
| $200,000 or more | $2,000 |
PNC Bank: Business Checking Account - $1,000 Bonus
Expires 6/30/2026
Promotion DetailsOpen a new PNC Treasury Enterprise Plan or Analysis Business Checking account. Maintain an average ledger balance of $30,000 or more 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 been paid a promotional premium in the past 12 months are not eligible for this offer. $1,000 bonus will be credited to your new business checking account within 90 days after all conditions have been met.
PNC Bank: Business Checking Account - $400 Bonus
Expires 6/30/2026
Promotion DetailsOpen a new PNC Business Checking or PNC Business Checking Plus account. Maintain an average ledger balance of $2,000 in your new checking account for each of the first three statement cycles. Make at least 10 qualifying 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 have been paid a promotional premium in the past 12 months are not eligible for this offer. $400 bonus will be credited to your new business checking account within 90 days after all conditions have been met.
Truist Bank: Business Checking Account - $400 Bonus
Expires 7/9/2026
Promotion DetailsOpen a new Simple Business Checking or Dynamic Business Checking account. Use promo code SB26Q2CHECKING at account opening. Make qualifying deposits of $2,000 or more within 30 days of account opening.
Capital One: Business Checking Account - $500 Bonus
Promotion DetailsOpen 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.
Associated Bank: Business Checking Account - $750 Bonus
Expires 5/31/2026
Promotion DetailsOpen a Business Choice Checking account. Deposit $20,000 or more in new money within 30 days of account opening. Maintain a minimum daily balance of $20,000 between days 31 and 90 after account opening.
Associated Bank: Business Checking Account - $400 Bonus
Expires 5/31/2026
Promotion DetailsOpen a Business Balanced Checking® account. Deposit $5,000 or more in new money within 30 days of account opening. Maintain a minimum daily balance of $5,000 between days 31 and 90 after account opening.
Associated Bank: Business Checking Account - $100 Bonus
Expires 5/31/2026
Promotion DetailsOpen a Business Access Checking® account. Deposit $2,000 or more in new money within 30 days of account opening. Maintain a minimum daily balance of $2,000 between days 31 and 90 after account opening.
Huntington: Business Checking Account - $1,000 Bonus
Expires 6/16/2026
Promotion DetailsOpen a new Huntington Unlimited Plus Business Checking account. Make a minimum cumulative new money deposit into the new checking account of at least $20,000 within 30 days of account opening. Maintain minimum daily balance of $20,000 for 60 days after meeting deposit requirement. 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, North Carolina, Ohio, Pennsylvania, South Carolina, 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
Expires 6/16/2026
Promotion DetailsOpen 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, North Carolina, Ohio, Pennsylvania, South Carolina, 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.
First National Bank of Omaha: Business Checking Account - $250 Bonus
Expires 12/31/2026
Promotion DetailsOpen a new Free Business Checking account. Use promo code 250BIZ at account opening. Make qualifying deposits totaling $1,000 or more OR make at least 10 qualifying debit card transactions within 31 days of account opening.
Hancock Whitney Bank: Business Checking Account - $500 Bonus
Expires 7/31/2026
Promotion DetailsOpen 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
Expires 7/15/2026
Promotion DetailsOpen a new business checking account. Use offer link when opening online or request coupon using your email address when opening in a financial center. Deposit $5,000 or more in new money within 60 days of account opening. Enroll in online banking within 60 days of account opening.
SouthState Bank: Business Checking Account - $1,000 Bonus
Expires 6/30/2026
Promotion DetailsOpen a new qualifying business checking account. Use promo code LEVELUP at account opening. Within 90 days of account opening, make 15 or more debit card purchases, or a total of at least $5,000 ACH credits. Maintain $50,000 or more in your new business checking account until the end of the 90-day qualifying period. Enroll in SouthState's Treasury Management services. Enroll in Merchant Services and process $200 in transactions to your new business checking account
Old National Bank: Business Checking Account - $800 Bonus
Expires 6/30/2026
Promotion DetailsOpen a new Access Business Banking Checking or Pro Access Business Banking Checking account. Deposit a total of $20,000 or more within 30 days of account opening. Maintain a balance of $20,000 or more during days 31-90 of account opening. Enroll in Small Business Digital Banking and log in within 30 calendar days of account opening.
SouthState Bank: Business Checking Account - $600 Bonus
Expires 6/30/2026
Promotion DetailsOpen a new qualifying business checking account. Use promo code LEVELUP at account opening. Within 90 days of account opening, make 15 or more debit card purchases, or a total of at least $5,000 ACH credits. Maintain $50,000 or more in your new business checking account until the end of the 90-day qualifying period.
Old National Bank: Business Checking Account - $400 Bonus
Expires 6/30/2026
Promotion DetailsOpen a new Access Business Banking Checking or Pro Access Business Banking Checking account. Deposit a total of $4,000 or more within 30 days of account opening. Maintain a balance of $4,000 or more during days 31-90 of account opening. Enroll in Small Business Digital Banking and log in within 30 calendar days of account opening.
SouthState Bank: Business Checking Account - $400 Bonus
Expires 6/30/2026
Promotion DetailsOpen a new qualifying business checking account. Use promo code LEVELUP at account opening. Within 90 days of account opening, make 15 or more debit card purchases, or a total of at least $5,000 ACH credits.
Wintrust Bank: Business Checking Account - $300 Bonus
Expires 5/12/2026
Promotion DetailsOpen a new Entrepreneur Checking account. Mention this offer when opening an account in a branch. Maintain a minimum of $1,500 on each of the last business days for 2 consecutive calendar months after the calendar month the account was opened (qualification period). Make 5 qualifying transactions, enroll in business online banking, and activate e-statement within the qualification period.
Wells Fargo: Business Checking Account - $400 Bonus
Expires Tomorrow
Promotion DetailsOpen a new Wells Fargo Initiate Business Checking®, Navigate Business Checking®, or Optimize Business Checking® account. Use promo code at account opening. Promo code can be obtained by providing your email address. Make a deposit of $2,500 or more by day 30 and maintain a minimum daily collected balance of $2,500 through day 60 after account opening.
The information for Business Checking Account has been collected independently by CreditDonkey. The details on this page have not been reviewed or provided by the bank.
U.S. Bank Platinum Business Checking - $1,200 Bonus
Expires 6/30/2026
- Minimum Deposit to Open: $100
Promotion DetailsDeposit at least $25,000 in new money within 30 days of opening your new Platinum Business Checking Package. You must maintain at least $25,000 balance for 60 days after account opening and complete six qualifying transactions within 60 days.
The information for U.S. Bank Platinum Business Checking has been collected independently by CreditDonkey. The details on this page have not been reviewed or provided by the bank.
U.S. Bank Business Essentials - $400 Bonus
Expires 6/30/2026
- Minimum Deposit to Open: $100
Promotion DetailsDeposit at least $5,000 in new money within 30 days of opening your new Business Essentials account. You must maintain a $5,000 balance for 60 days after account opening and complete six qualifying transactions within 60 days.
The information for U.S. Bank Business Essentials has been collected independently by CreditDonkey. The details on this page have not been reviewed or provided by the bank.
KeyBank: Business Checking Account - $500 Bonus
Expires 12/18/2026
Promotion DetailsOpen a new KeyBank Basic Business Checking or Key Business Reward Checking account. Deposit a minimum of $25 at account opening. Make a total of $5,000 or more in deposits into your new qualifying checking account within 30 days of account opening. Maintain a balance of at least $5,000 for at least 90 consecutive days.
You must have received a personalized $500 Business Banking promotional offer letter directly from KeyBank to be eligible for this offer.
Citizens Bank: Business Checking Account - $1,500 Bonus
Expires 5/31/2026
Promotion DetailsOpen a new Clearly Better Business Checking® or Business Advisor Checking® account. Make a single deposit of $100,000 or more. Maintain a balance of at least $100,000 through the end of the second month after the initial deposit. Make 5 qualifying transactions within two months following the initial deposit.
Citizens Bank: Business Checking Account - $750 Bonus
Expires 5/31/2026
Promotion DetailsOpen a new Clearly Better Business Checking® or Business Advisor Checking® account. Make a single deposit of $30,000 or more. Maintain a balance of at least $30,000 through the end of the second month after the initial deposit. Make 5 qualifying transactions within two months following the initial deposit.
Citizens Bank: Business Checking Account - $500 Bonus
Expires 5/31/2026
Promotion DetailsOpen 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.
Citizens Bank: Business Checking Account - $300 Bonus
Expires 5/31/2026
Promotion DetailsOpen a new Clearly Better Business Checking® or Business Advisor Checking® account. Make a single deposit of $5,000 or more. Maintain a balance of at least $5,000 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 - $1,500 Bonus
Expires 6/30/2026
Promotion DetailsOpen 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 $100,000 or more in the third full calendar month after opening the account.
M&T Bank: Business Checking Account - $750 Bonus
Expires 6/30/2026
Promotion DetailsOpen 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 $30,000 - $99,999.99 in the third full calendar month after opening the account.
M&T Bank: Business Checking Account - $500 Bonus
Expires 6/30/2026
Promotion DetailsOpen 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.
M&T Bank: Business Checking Account - $300 Bonus
Expires 6/30/2026
Promotion DetailsOpen 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 $5,000 - $14,999.99 in the third full calendar month after opening the account.
ACNB Bank: Business Checking Account - $2,000 Bonus
Promotion DetailsOpen a new Free Business Checking account. Use promo code Earn2000 at account opening. Enroll in online banking with eDocuments within 60 days of account opening. Complete 10 unique transactions using your Mastercard® debit card within 60 days of account opening. Maintain an average monthly balance of $25,000 for three consecutive months following the first statement cycle.
ACCESSBank: Business Checking Account - Up to $1,500 Bonus
Promotion DetailsOpen a new Business ACCESS, Business Plus ACCESS, or Commercial ACCESS account. Make a $25,000 minimum opening deposit. Maintain the qualifying average collected balance for the full 120-day period. Complete at least 25 qualifying transactions.
Farmers State Bank: Business Checking Account - $1,000 Bonus
Promotion DetailsOpen a new business checking account. Deposit $35,000 or more in new money at account opening. Maintain an average daily balance of at least $35,000 for the first 90 days. Complete 15 or more transactions per month within 90 days of account opening.
Blue Foundry Bank: Business Checking Account - $1,000 Bonus
Promotion DetailsOpen a new Blue Carbon Business Checking Solutions account. Make deposits totaling $35,000 and maintain a balance of at least $35,000 at all times for 7 months.
ACNB Bank: Business Checking Account - $1,000 Bonus
Promotion DetailsOpen a new Free Business Checking account. Use promo code Earn2000 at account opening. Enroll in online banking with eDocuments within 60 days of account opening. Complete 10 unique transactions using your Mastercard® debit card within 60 days of account opening. Maintain an average monthly balance of $10,000 for three consecutive months following the first statement cycle.
Waterstone Bank: Business Checking Account - Up to $1,000 Bonus
Promotion DetailsOpen a business checking account. Complete 10 or more qualifying transactions within 90 days of account opening. Maintain an average daily balance of $50,000 or more during the third full statement cycle. Enroll in Positive Pay services within 90 days of account opening. Establish WaterStone Bank Merchant Services within 180 days of account opening.
Waterstone Bank: Business Checking Account - Up to $800 Bonus
Promotion DetailsOpen 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. Enroll in Positive Pay services within 90 days of account opening. Establish WaterStone Bank Merchant Services within 180 days of account opening.
Waterstone Bank: Business Checking Account - $700 Bonus
Promotion DetailsOpen a business checking account. Complete 10 or more qualifying transactions within 90 days of account opening. Maintain an average daily balance of $50,000 or more during the third full statement cycle.
Farmers State Bank: Business Checking Account - $600 Bonus
Promotion DetailsOpen a new business checking account. Deposit $20,000 or more in new money at account opening. Maintain an average daily balance of at least $20,000 for the first 90 days. Complete 10 or more transactions per month within 90 days of account opening.
Waterstone Bank: Business Checking Account - Up to $550 Bonus
Promotion DetailsOpen a business checking account. Complete 10 or more qualifying transactions within 90 days of account opening. Maintain an average daily balance of $5,000 - $24,499.99 during the third full statement cycle. Enroll in Positive Pay services within 90 days of account opening. Establish WaterStone Bank Merchant Services within 180 days of account opening.
KeyPoint Credit Union: Business Checking Account - $500 Bonus
Promotion DetailsOpen a new eligible business checking account. Use promo code BUS25 at account opening. Maintain minimum average daily balance of $2,000 for 90 days following account opening date. Complete at least 20 POS purchases of $5 or more using your business debit card within 90 days of account opening.
Independent Bank: Business Checking Account - $500 Bonus
Promotion DetailsOpen a new business checking account. Deposit $3,000 or more in new money into the account within 30 days of account opening. Maintain a minimum daily balance of $3,000 for 90 calendar days. Make 20 debit card transactions within 90 calendar days of account opening.
North State Bank: Business Checking Account - $450 Bonus
- Direct Deposit Required: No
- Minimum Deposit Required: $500 at account opening
Promotion DetailsOpen 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.
Broadway Bank: Business Checking Account - $400 Bonus
Promotion DetailsOpen a new Broadway Bank Advantage, Preferred, or Essentials Business Checking account. Use promo code BCPR at account opening. Deposit $2,000 or more in new money within 30 days of account opening. Maintain an average monthly balance of $25,000 or more for 90 days. Complete 10 qualifying transactions within 90 days of account opening.
Frontwave Credit Union: Business Checking and Savings Account - $350 Bonus
Promotion DetailsOpen a new Business Checking and Business Savings account. Deposit $1,500 or more at account opening. Maintain a minimum daily collected balance of $1,500 in the business checking account for two full calendar months. Complete 10 or more qualifying transactions per month for two full calendar months.
Broadway Bank: Business Checking Account - $300 Bonus
Promotion DetailsOpen a new Broadway Bank Advantage, Preferred, or Essentials Business Checking account. Use promo code BCPR at account opening. Deposit $2,000 or more in new money within 30 days of account opening. Maintain an average monthly balance of $2,000 - $24,999 for 90 days. Complete 10 qualifying transactions within 90 days of account opening.
Farmers State Bank: Business Checking Account - $300 Bonus
Promotion DetailsOpen a new business checking account. Deposit $5,000 or more in new money at account opening. Maintain an average daily balance of at least $5,000 for the first 90 days. Complete 10 or more transactions per month within 90 days of account opening.
MIDFLORIDA Credit Union: Business Checking Account - $300 Bonus
Promotion DetailsOpen a new business checking account. Deposit a total of $5,000 or more in a calendar month for two of the first six months of account opening. Make 5 eligible transactions within 60 days of account opening. Enroll in online banking and eStatements.
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 you'll 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.
- $0 monthly service fees
- $0 minimum opening deposit
- No minimum balance requirement
- No foreign exchange fee
- Get direct deposits up to 2 days earlier
- Savings with up to 4.00% APY
Lili is a financial technology company, not a bank. Banking services provided by Sunrise Banks N.A., Member FDIC
- 1.3% APY on balances up to $250,000 for eligible customers
- Unlimited transactions
- Free unlimited invoicing and payment links
- 5 free subaccounts with unique account numbers
- 1 free checkbook for the life of the account
- $0 monthly service fee
Banking services provided by Coastal Community Bank, Member FDIC
- $0 monthly service fee
- ATM fee refunds up to $7 per month
- Free ACHs, incoming wires, and mailed checks
- Up to 20 Reserves to manage multiple budgets
- Thousands of app integrations
Banking services provided by Middlesex Federal Savings F.A., Member FDIC
Get Scale Plan for $90/month instead of $120/month. This offer is for a limited time only and may change without notice.
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.
What banks are offering money to open business checking 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.
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:
References
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.