Money Advice

11 Best Business Bank Account Promotions & Offers

Unfortunately for small-business homeowners, solopreneurs, and freelancers, a lot of the greatest checking account promotions on the market proper now cater solely to shoppers. Indeed, most of the United States’ greatest on-line banks appear to favor personal account holders slightly than business homeowners and their lieutenants.

But not all banks give business homeowners brief shrift. You simply have to know the place to look to seek out probably profitable credit score union and checking account bonuses and referral alternatives.

Let this checklist information you to entrepreneur-friendly banks and credit score unions hungry sufficient on your business to pay you for it.


Best Business Bank Account Bonuses (April 2021)

These are the most effective business financial institution promotions this month. Unless in any other case famous, all can be found to companies of all sizes, together with sole proprietors and freelancers with out formal incorporation.

However, business checking and financial savings accounts impose minimal steadiness necessities, month-to-month upkeep charges, and different necessities or restrictions that may influence their suitability. And all accounts have to be open and in good standing when the bonus is paid.


1. Chase Business Complete Checking – $300 Bonus

A really engaging provide awaits Chase-curious entrepreneurs, together with sole proprietors: $300 for brand spanking new Chase Business Complete Checking prospects who open an account on-line or in-person and full qualifying actions.

It’s not tough to qualify for this chance. All you might want to do is open a brand new Chase Business Complete Checking account with qualifying actions (described on the hyperlink above). No minimal opening deposit is required. Once your account is open, you’ll have a number of methods to waive the $15 month-to-month service charge.

Chase has ATMs and branches within the following states: AZ, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, KY, LA, MA, MI, NV, NJ, NY, OH, OK, OR, TX, UT, WA, WV, WI. This provide is on the market on-line nationwide, apart from residents of AK, HI, and PR.

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2. Axos Bank Basic Business Checking — $100 Cash Bonus

Open a brand new Axos Bank Basic Business Checking account by the provide finish date (June 30, 2021) utilizing the promo code “NEWBIZ100” to earn a $100 welcome bonus. Here’s the way it works:

  • Apply on your new Axos Bank Basic Business Checking account by the provide finish date with a minimal opening deposit of $1,000.
  • Maintain a median every day steadiness of at the very least $5,000 throughout the first three months (new funds solely).
  • You’ll obtain your $100 money bonus inside 5 business days of your third assertion cycle date.

This is a very free business checking account with nice perks for account holders.

For extra info, learn our Axos Bank assessment.

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3. Huntington Unlimited Plus Business Checking — $750 Bonus Cash

Huntington BankOpen a brand new Huntington National Bank Unlimited Plus Business Checking account by August 7, 2021, for the chance to earn $750 in bonus money. Here’s how the promotion works:

  • Open your new account by August 7, 2021.
  • Deposit at the very least $20,000 in new money inside 60 days of account opening.
  • Keep your account open for at the very least 90 days.

Once you’ve accomplished these necessities, it’s best to obtain the $750 bonus in your account inside 14 days.

Moving ahead, the $40 month-to-month upkeep charge is waived at some stage in 2020 and thereafter once you preserve at the very least $50,000 in mixed deposit relationship balances throughout all eligible Huntington accounts. “New money” is outlined as any funds not at present deposited in any Huntington account, besides maturing business CDs.

This provide is on the market in states the place Huntington has bodily department places, together with Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania, and West Virginia.

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4. Huntington Unlimited Business Checking — $400 Bonus Cash

Huntington BankOpen a brand new Huntington National Bank Unlimited Business Checking account by August 7, 2021, and you can earn $400 in bonus money. Here’s the best way to make the most of this chance:

  • Open your new account by August 7, 2021.
  • Deposit at the very least $5,000 in new money inside 60 days of account opening.
  • Keep your account open for at the very least 90 days.

You’ll obtain the $400 bonus in your account inside 14 days after finishing these necessities.

Once your account is open, you’ll have the $20 month-to-month upkeep charge waived at some stage in 2020. Thereafter, preserve a mixed deposit relationship steadiness (throughout all eligible accounts held with Huntington) of at the very least $20,000 to keep up the waiver in any given assertion cycle.

Bonus-qualifying funds should not at present be on deposit with Huntington, save for, maturing business CDs.

This provide is on the market in states the place Huntington Bank has bodily department places, together with Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania, and West Virginia.

Apply Now


5. Huntington Business Checking 100 — $200 Bonus Cash

Huntington BankOpen a brand new Huntington National Bank Business Checking 100 account by August 7, 2021, for the chance to earn $200 in bonus money. Here’s how this bonus alternative works:

  • Open your new account by August 7, 2021.
  • Deposit at the very least $2,000 in new money inside 60 days of account opening.
  • Keep your account open for at the very least 90 days.

You ought to obtain the $200 bonus in your account inside 14 days after finishing the necessities.

This account has a $3 month-to-month upkeep charge that’s straightforward to waive by signing up for e-statements. “New money” is outlined as any funds not at present deposited in any Huntington account, aside from maturing business CDs.

This provide is on the market in states the place Huntington has bodily department places, together with Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania, and West Virginia.

Apply Now


6. Brex Cash — 50,000 Bonus Points

Brex LogoOpen a brand new Brex Cash account and spend $1,000 in purchases to earn 50,000 bonus factors. Moving ahead, take pleasure in no account charges or minimal every day steadiness necessities, a beneficiant ongoing rewards program, and value-added perks price $150,000.

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*Brex Treasury LLC shouldn’t be a financial institution; Brex Cash shouldn’t be a checking account.


7. BMO Harris Bank Business Advantage Checking — $500 Cash Bonus

Bmo Harris Bank LogoOpen a BMO Harris Bank Business Advantage Checking account by April 30, 2021, for a possibility to earn a $500 money bonus. Here’s how the bonus provide works:

  • Open a brand new Business Advantage Checking account by April 30, 2021.
  • Deposit at the very least $5,000 (cumulatively) throughout the first 30 days your account is open.
  • Maintain a minimal steadiness of $5,000 or extra for the next 90 days (between Day 31 and Day 120).
  • Have at the very least 10 digital transactions publish to the account throughout the first 90 days your account is open.

Once you full these qualifying actions, it’s best to obtain the $500 money bonus inside 10 days.

Eligible digital transactions embody ACH credit or debits, on-line invoice funds, cell deposits, wire transfers, or debit card point-of-sale (POS) buy transactions. POS credit score transactions and ATM withdrawals usually are not eligible.

Moving ahead, keep away from the $20 month-to-month upkeep charge once you preserve a median every day steadiness of at the very least $5,000 throughout the assertion interval or a $15,000 minimal steadiness throughout all eligible BMO Harris accounts.

This checking account bonus provide is on the market in states the place BMO Harris Bank has bodily department places. Limit one provide per buyer.

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8. BMO Harris Bank Essential Business Checking — $200 Cash Bonus

Bmo Harris Bank LogoOpen an eligible BMO Harris Bank Business Checking account by April 30, 2021, for a possibility to earn a $200 money bonus. Here’s how the bonus provide works:

  • Open a brand new Essential Business Checking account by April 30, 2021.
  • Deposit at the very least $1,500 (cumulatively) throughout the first 30 days your account is open.
  • Maintain a minimal steadiness of $1,500 or extra for the next 90 days (between Day 31 and Day 120).
  • Have at the very least 10 digital transactions publish to the account throughout the first 90 days your account is open.

Once you full these qualifying actions, it’s best to obtain the $500 money bonus inside 10 days.

Eligible digital transactions embody ACH credit or debits, on-line invoice funds, cell deposits, wire transfers, or debit card POS buy transactions. POS credit score transactions and ATM withdrawals usually are not eligible.

Avoid the continuing $15 month-to-month upkeep charge once you preserve a median every day steadiness of at the very least $1,500 throughout every assertion interval.

This checking account bonus provide is on the market in states the place BMO Harris Bank has bodily department places. Limit one provide per buyer.

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9. PNC Bank Business Checking — Up to $500 Cash Bonus

Pnc Bank LogoOpen an eligible new PNC Bank business checking account (Business Checking or Business Checking Plus) by June 30, 2021, for the chance to earn a $200 money bonus. Here’s how the bonus provide works:

  • Open an eligible account by June 30, 2021.
  • Maintain a median cycle steadiness (account steadiness) of $5,000 or extra for every of the primary three assertion cycles.
  • Complete at the very least 20 whole qualifying debit card transactions throughout the first three assertion cycles.

Once you’ve accomplished the qualifying actions, you’ll obtain a $200 money bonus in your account inside 90 days.

See the respective application pages for Business Checking and Business Checking Plus for extra particulars on avoiding the month-to-month upkeep charges.

Alternatively, open a brand new Treasury Enterprise Plan or Analysis Business Checking account by June 30, 2021, for the chance to earn a $500 bonus. All you might want to do is preserve a minimal common steadiness of $30,000 all through the primary three assertion cycles, and also you’ll obtain your bonus.

These affords can be found nationwide. Limit one provide per buyer.

Apply Now


10. SunTrust Business Checking — $200 Bonus Cash

Suntrust LogoOpen an eligible new SunTrust business checking account (Simple Business Checking, Primary Business Checking, or Business Advantage Plus) by June 30, 2021, for the chance to earn $200 bonus money. Here’s how the provide works:

  • Open your eligible new account by June 30, 2021.
  • Enroll within the provide at application.
  • Make cumulative qualifying deposits of $1,500 or extra inside 30 days of opening the account.

Once you’ve accomplished these actions, together with the deposit requirement, you’ll obtain your reward inside eight weeks.

Moving ahead, all eligible accounts waive month-to-month upkeep charges for the primary two assertion cycles. Refer to the offer page for details about avoiding every account’s month-to-month upkeep charges thereafter.

This provide is on the market in states the place SunTrust has a bodily department presence and is restricted to new prospects solely. Limit one provide per buyer.

Apply Now


11. HSBC Fusion — Up to $400 Bonus

For a restricted time, you possibly can earn a welcome provide price as much as $400 once you open a brand new HSBC Fusion business bank account and full qualifying actions. Here’s what you might want to do:

  • Open a brand new eligible HSBC Fusion checking account by April 30, 2021
  • Make at the very least the minimal qualifying deposit of recent money for the account you opened ($5,000 for the Fusion First Checking Account, $25,000 for the Fusion Smart Checking Account, and $75,000 for the Fusion Professional Checking Account)
  • Complete at the very least six qualifying transactions inside 60 calendar days of account opening, reminiscent of debit card purchases, examine deposits or funds, and ACH debits and credit
  • Maintain at the very least the minimal qualifying steadiness for 90 calendar days out of your preliminary deposit date

Once you full these qualifying actions, you’ll earn the bonus that corresponds along with your account choice: $200 for Fusion First, $300 for Fusion Smart, or $400 for Fusion Professional.

HSBC Fusion serves U.S.-based companies with as much as $5 million in annual gross sales. This provide is just accessible in-branch.

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Final Word

Most of the banks talked about right here don’t cater to small-business homeowners solely. They additionally provide client accounts — in some circumstances, beneficiant and expansive lineups that embody free checking accounts, rewards checking accounts, CDs with above-average charges, money market accounts, and high-yield financial savings accounts that may simply maintain your emergency fund on tempo with inflation.

This issues. After all, each business proprietor is an individual too — one with personal money administration wants. That means each business proprietor wants a personal checking account, amongst different key personal banking relationships.

If you’d like that relationship to contain the identical financial institution you select on your business banking wants, maybe one in every of these promotions will seal the deal.


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