7 Best Business Bank Account Promotions and Bonuses of July 2022

You can earn a business checking bonus when you open a new account and complete qualifying activities.
Jun 30, 2022

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Business bank account promotions are typically one-time cash bonuses you can receive when you open a new business checking account or savings account.

To access one of these cash bonuses, you’ll have to complete certain qualifying activities — such as maintaining a minimum account balance, depositing a minimum amount of new funds or performing specific types of transactions — usually within a number of days after opening your account.

Some banks will have easier requirements than others. You may, however, need to meet more difficult criteria to qualify for a higher-level cash bonus.

Because online banks usually have fewer fees overall compared with their brick-and-mortar counterparts, you’re more likely to see these bonus offers from traditional banks.

Here are our top business checking account promotions this month:

Chase business checking bonus: $300

Chase Business Complete Banking℠
NerdWallet rating 

at Chase, Member FDIC

  • Eligible accounts: Chase Business Complete Checking℠, Chase Performance Business Checking®, Chase Platinum Business Checking℠.

  • How to qualify: Open a new Chase business checking account and complete the following activities:

    • Deposit a total of $2,000 or more in new money into your account within 30 days of opening the account.

    • Maintain at least a $2,000 balance for 60 days after opening the account.

    • Complete five qualifying transactions within 90 days of opening the account. Qualifying transactions include debit card purchases, Chase QuickAccept℠ deposits, Chase QuickDeposit℠, ACH credits and wires (credits and debits).

    • Keep the account open for six months. If you close the account (or it’s closed by Chase) within six months, Chase will deduct the bonus amount at closing.

  • Who can qualify: To qualify for the Chase business checking promotion, you must be a new Chase business checking customer. This promotion isn't available to local, state, or federal government entities or agencies, not-for-profit organizations, political action committees, anyone with campaign accounts, anyone whose accounts have been closed within 90 days, or whose accounts closed with a negative balance within the past three years.

  • When you’ll receive the bonus: Once all of the requirements are completed, Chase will deposit the bonus into your account within 15 days.

  • How to open an account: Request an offer code on the Chase website and bring the email with you to a local branch to open an account. You can also apply online directly from the email with the offer code.

  • Location availability: Chase has locations in 38 states, plus Washington, D.C. It doesn't have branch locations in Alaska, Arkansas, Hawaii, Iowa, Maine, Mississippi, Montana, New Mexico, North Dakota, South Dakota, Vermont and Wyoming.

  • Business banking highlights: Chase business checking is a great option for small-business owners looking for essential banking features from a brick-and-mortar institution. In particular, the Business Complete account offers unlimited electronic deposits, multiple ways to waive the $15 monthly fee and pay-as-you-go credit card processing with Chase QuickAccept℠.

NorthOne bonus: $20 for NerdWallet readers

NorthOne Business Bank Account
NerdWallet rating 

at NorthOne

  • Eligible accounts: NorthOne business bank account.

  • How to qualify: Open a new NorthOne business bank account through NerdWallet with a minimum of $50.

  • Who can qualify: To qualify for this bonus, you must be a new NorthOne customer and have received approval for your account.

  • When you’ll receive the bonus: You’ll receive the $20 welcome bonus within seven calendar days of opening your account with a minimum of $50.

  • How to open an account: Apply for a NorthOne account online using this link.

  • Location availability: NorthOne business bank accounts are available to U.S. citizens or legal residents living in one of the 50 U.S. states or Washington, D.C.

  • Business banking highlights: NorthOne is an online-based business bank account that’s great for self-employed professionals, freelancers and general small-business owners. The account includes unlimited fee-free transactions, unlimited invoicing, as well as unlimited Envelopes for planning and budgeting your finances. NorthOne doesn’t charge fees to use the Mastercard Cirrus or MoneyPass ATM networks and offers cash deposits through Green Dot.

Axos business checking bonus: $100 or $200

Axos Bank® Basic Business Checking
NerdWallet rating 

at Axos Bank®, Member FDIC

  • Eligible accounts: Axos Basic Business Checking, Axos Business Interest Checking. Axos also offers two business savings accounts and a business money market account that are eligible for a welcome bonus as well.

  • How to qualify: Open a new Axos business bank account and complete the following activities:

    • Maintain an average daily balance of at least $2,500 (must be new funds) for the first two months after opening the account.

    • Your account must remain open for 180 days, or Axos may charge a $50 early closure fee.

  • Who can qualify: To qualify for the $200 bonus, you must be a new business owner who incorporated your business after June 1, 2020. Other businesses are eligible for the $100 bonus.

  • When you’ll receive the bonus: After you’ve met the qualifications, Axos will deposit the bonus into your new account within five business days of the statement cycle date.

  • How to open an account: Open your business bank account on the Axos website using the promo code “NEWBIZ200” for the $200 bonus or "NEWAXOSBIZ" for the $100 bonus.

  • Location availability: As an online bank, there are no location-based restrictions with Axos.

  • Business banking highlights: With Axos business checking, you have two options — one free account and one interest-earning account — and both can be completely managed online. Axos doesn’t charge any ATM fees, offers unlimited domestic ATM fee reimbursements for fees charged by other banks, and includes free online and mobile banking tools.

Brex cash management business account bonus: Up to 30,000 rewards points

Brex Cash
NerdWallet rating 

at Brex

  • Eligible accounts: Brex Cash Management Business Account.

  • How to qualify: Open a new Brex Cash account and complete the following activities:

    • Run payroll through one of the eligible payroll providers (e.g., ADP, Gusto, Paychex, Intuit Payroll) or deposit sales revenue through direct deposit from one of the eligible ecommerce platforms or payment gateways (e.g., Amazon, BigCommerce, PayPal, Shopify, Square, Stripe) within 90 days of account approval to earn 20,000 rewards points.

    • Spend $3,000 or more on eligible purchases (goods and services, minus returns and other credits) on your Brex card within 90 days of account approval to earn 10,000 rewards points.

  • Who can qualify: To qualify for either or both of these offers, you must be a new Brex Cash customer and have received approval for your account.

  • When you’ll receive the bonus: Brex will determine eligibility for the rewards points based on your transaction history during the 90 days following the account approval. At this time, your account must be active and paid to earn your bonus offer. Generally, points earned on transactions are available to redeem within two days, so you should expect to receive the bonus not long after the 90-day mark.

  • How to open an account: Apply for Brex Cash online. You must be an incorporated business — C-corp, S-corp, LLC, LLP — to open an account.

  • Location availability: Brex Cash is an online account and doesn't restrict access by location.

  • Account highlights: Brex is a cash management account, not a traditional business bank account. With Brex Cash, you can store your funds as uninvested cash with the program bank, or invest them in a money market fund to earn yield. The Brex account also includes access to the rewards-earning Brex card, unlimited fee-free transactions and built-in expense management tools.

» Read our full Brex Cash review

PNC business checking bonus: $200 or $500

PNC Business Checking
NerdWallet rating 
Read review
  • Eligible accounts: Business Checking, Business Checking Plus ($200); Treasury Enterprise Plan, Analysis Business Checking ($500).

  • How to qualify: Open a new PNC business checking account with monthly statements and complete the following activities:

    • For the $200 bonus: Maintain a minimum average cycle balance of $5,000 for each of the first three statement cycles. And make at least 20 total qualifying PNC business debit card transactions — debit card purchases made at a point of sale using your signature or PIN, or purchases made electronically or online using your debit card number (including recurring payments) — within the first three statement cycles.

    • For the $500 bonus: Maintain a minimum average cycle balance of $30,000 for each of the first three statement cycles.

  • Who can qualify: To earn this bonus, your business must have an annual revenue of less than $5 million. In addition, your new account won't be eligible if any signer has signing authority on an existing PNC business checking account, has closed an account within the past 90 days, or has been paid a promotional premium in the past 12 months. If multiple accounts are opened with the same authorized signers, only one account will be eligible for the bonus offer.

  • When you’ll receive the bonus: After you’ve met all the necessary criteria, the cash bonus will be credited to your account within 90 days.

  • How to open an account: Request an offer coupon on the PNC website and visit a branch to open a business checking account. Additionally, with the exception of the Analysis Business Checking account, you can start your application online or over the phone before bringing the coupon to a branch location to complete the process.

  • Location availability: PNC’s business checking accounts are limited to states with branch locations. PNC has branches in 23 states across the Northeast, Midwest and South, plus Washington, D.C.

  • Business banking highlights: With four business checking account options, PNC offers traditional banking from a brick-and-mortar bank. Most notably, PNC business checking includes access to debit card rewards, online add-ons, as well as additional perks for new customers.

Huntington business checking bonus: $100, $400 or $750

Huntington Business Checking 100
NerdWallet rating 
Read review
  • Eligible accounts: Business Checking 100 ($100); Unlimited Business ($100, $400); Unlimited Plus Business Checking ($100, $400, $750); Business Analyzed Checking ($100, $400, $750); Non Profit Analyzed Checking ($100, $400, $750); Non Profit Interest Checking ($100, $400).

  • How to qualify: Open a new Huntington business checking account and complete the following activities:

    • For the $100 bonus: Make a cumulative new money deposit of at least $2,000 within 60 days after opening your account.

    • For the $400 bonus: Make a cumulative new money deposit of at least $5,000 within 60 days after opening the account.

    • For the $750 bonus: Make a cumulative new money deposit of at least $20,000 within 60 days after opening your account.

  • Who can qualify: You must be a new Huntington business checking customer to qualify. You aren't eligible if you have closed an account within the past six months. Public fund or government banking dollars and brokers are also not eligible for this offer. In addition, business owners with multiple businesses can be limited to one account-related incentive per rolling 12-month period.

  • When you’ll receive the bonus: Your account must be open for 90 days before you can receive the promotional offer. After that time, (and provided you’ve met the requirements) the bonus will be deposited into your account within 14 days.

  • How to open an account: Apply online using the promotional offers page on the Huntington Bank website or request a coupon and visit a branch to open an account.

  • Location availability: This Huntington business checking account promotion is available to business owners in Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia only.

  • Business banking highlights: Although Huntington business checking is limited based on location, this bank provides customizable account options for small-business owners in the Midwest. Huntington offers a free business checking account, as well as two “Unlimited” accounts, which offer unlimited fee-free transactions, as well as allow you to add certain bonus services that are included under the monthly fee.

BMO Harris business checking bonus: $300 or $500

BMO Harris Bank Essential Business Checking
NerdWallet rating 
Read review
  • Eligible accounts: BMO Digital Business Checking, BMO Simple Business Checking, BMO Premium Business Checking or BMO Elite Business Checking.

  • How to qualify: Open a new BMO Harris business checking account and complete the following activities:

    • For the $300 bonus: Starting on the 31st day after account opening, maintain a minimum balance of $5,000 for the next 90 days. And have at least 10 electronic transactions — ACH credits or debits, online bill payments, mobile deposits, wire transfers, debit card point-of-sale purchase transactions — post to your account within 90 days of opening.

    • For the $500 bonus: Starting on the 31st day after account opening, maintain a minimum balance of $10,000 for the next 90 days. And have at least 10 electronic transactions post to your account within 90 days of opening.

  • Who can qualify: You must be a new BMO Harris business checking customer. Existing customers, including authorized signers on multiple accounts, aren't eligible. You cannot have closed a BMO Harris business checking account in the past 12 months.

  • When you’ll receive the bonus: Provided your account is in good standing, you should receive the bonus offer approximately 135 days after opening the account.

  • How to open an account: Apply on the BMO Harris website and the promo code will be automatically applied — or request to get a promo code email online and present this email at a branch location to open a business checking account.

  • Location availability: BMO Harris business checking accounts are limited to states with branch locations. The bank has branches in Illinois, Indiana, Arizona, Missouri, Minnesota, Kansas, Florida and Wisconsin.

  • Business banking highlights: In its eight-state service area, BMO Harris has over 500 branch locations, offering multiple checking account options to local business owners. BMO Harris also offers fee-free ATM access across the U.S. through the Allpoint network and includes free online and mobile banking tools with all its business checking accounts.

Choosing a new business checking account

Incentives aside, you’ll want to consider whether a checking account is a fit for your small business on a long-term basis. To compare business checking accounts, look into fees, transaction limits and other features and restrictions.

Novo Business Checking
NerdWallet rating 

at Novo, Deposits are FDIC Insured

Chase Business Complete Banking℠
NerdWallet rating 

at Chase, Member FDIC

Bluevine Business Checking
NerdWallet rating 

at Bluevine, Deposits are FDIC Insured

Monthly fee

$0

Monthly fee

$15 (multiple ways to waive)

Monthly fee

$0

Minimum opening deposit requirement

$50

Minimum opening deposit requirement

$0

Minimum opening deposit requirement

$0

APY

None

APY

None

APY

1.50% on balances up to and including $100,000

Transactions

Unlimited fee-free transactions

Transactions

Unlimited electronic deposits; 20 free teller and paper transactions per month.

Transactions

Unlimited fee-free transactions

Bonus

None

Bonus

$300 sign-up bonus (requirements to qualify)

Bonus

None

Branch access

No

Branch access

Yes

Branch access 

No

But, provided you understand your options, one of these business checking promotions can be a great way to earn a little extra cash for your business while opening a new account.

» Still looking for the right home base for your business finances? Check out our roundup of the best business checking accounts.