Best Business Bank Account Promotions and Bonuses of 2023

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

You need to complete certain qualifying activities to access one of these cash bonuses — such as maintaining a minimum account balance, depositing a minimum amount of new funds or performing specific types of transactions — usually within 30 to 90 days of opening your account.

You’re more likely to get a welcome bonus from a brick-and-mortar bank, like Chase and U.S. Bank. But that’s due, in part, to the fees you’ll pay for most traditional business accounts — those fees help fund bonus offers. If you want low or no fees and a generous welcome bonus, consider whether an online business account from a provider like Axos and Brex is right for you.

Here are the top business checking account promotions:

Earn $300 when you open a new Chase Business Complete Checking account. For new Chase business checking customers with qualifying activities.

• Eligible accounts: Chase Business Complete Banking℠.

• How to qualify: Open a new Chase Business Complete Banking℠ account and complete the following activities:

  • Deposit a total of $2,000 or more in new money within 30 days of opening the account and maintain that balance for at least 60 days.

  • 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).

• Who can qualify: New Chase business checking customers (you cannot be a signer on an existing Chase business checking account). 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: Chase will deposit the bonus into your account within 15 days of you satisfying the bonus requirements.

• How to open an account: You can open an account online (terms apply) or request an offer code from Chase, which you can show at a local branch to open an account.

• 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 Checking account offers unlimited electronic transactions, multiple ways to waive the $15 monthly fee and pay-as-you-go credit card processing with Chase QuickAccept℠.

» Read our full Chase business checking review

New business owners get a $200 welcome bonus with promo code NEWBIZ200. Not a new business? Use promo code NEWAXOSBIZ for a $100 bonus.

• Eligible accounts: All Axos business checking, savings and money market accounts (excluding the nonprofit money market account).

• How to qualify: Open a qualifying Axos business bank account and maintain an average daily balance of at least $2,500 for the first two months after opening the account. The balance must be new funds and cannot be transferred from another 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 (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 Axos business account online 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: Axos offers a free business checking account and an interest-earning option, plus multiple business savings accounts. This online bank doesn’t charge any ATM fees and offers 24/7 customer support and unlimited domestic ATM fee reimbursements for fees charged by other banks.

» Read our full Axos business checking review

Earn $200 when you open a new Bank of America business checking account. Terms apply. Offer expires 06/30/2023.

• Eligible accounts: Bank of America Business Advantage Fundamentals™ Banking and Business Advantage Relationship Banking.

• How to qualify: Open a new Bank of America business checking account and make $5,000 in qualifying new deposits within 30 days. Then, maintain an average balance of $5,000 for the next 60 days. Note: Funds held in another Bank of America or Merrill account do not qualify as new deposits. 

• Who can qualify: New account holders who apply for a Bank of America business checking account online. You are not eligible if you were the owner or signer on a Bank of America Business Advantage account within the past 12 months.

• When you’ll receive the bonus: Your bonus will be deposited within 60 days after the maintenance period ends (90 days after account opening), assuming you meet the deposit and average balance requirements. Your account must be open when the bonus is paid.

• How to open an account: This bonus only applies to accounts opened online. Learn more and apply here.

• Location availability: Bank of America business checking accounts are available to business owners in all 50 states and Washington, D.C. The bank has approximately 3,800 branch locations and 16,000 ATMs across 37 states, plus Washington, D.C.

• Business banking highlights: Bank of America business checking accounts boast a high cash deposit allowance, especially for a brick-and-mortar bank, and offer unlimited fee-free electronic transactions. There is a monthly service fee — $16 for Business Advantage Fundamentals — but it can be waived fairly easily.

» Read our full Bank of America business checking review

Earn a $500 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q1AFL23 and complete qualifying activities, subject to certain terms and limitations. Offer is valid through 04/23/2023.

• Eligible accounts: U.S. Bank Silver Business Checking, Gold Business Checking, Gold Business Checking with Interest and Platinum Business Checking accounts.

• How to qualify: Open an eligible U.S. Bank business checking account online using promo code Q1AFL23 ($100 minimum opening deposit applies) and complete the following steps:

  • Deposit $3,000 in new money and maintain that balance for 60 days from account opening.

  • Enroll in business online banking within 60 days of account opening. 

• Who can qualify: This bonus offer is available to new customers who have not been the owner or signer on a U.S. Bank business checking account for at least 24 months. You must also live within U.S. Bank’s service area.

• When you’ll receive the bonus: Once eligibility is verified, your bonus will be deposited into your account within 45 days, provided your account is open and has a positive balance.

• How to open an account: This bonus only applies to accounts opened online.

• Location availability: This bonus offer is only available if you live in one of the following states: Arizona, Arkansas, California, Colorado, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Minnesota, Missouri, Montana, Nebraska, Nevada, New Mexico, North Carolina, North Dakota, Ohio, Oregon, South Dakota, Tennessee, Utah, Washington, Wisconsin or Wyoming.

• Account highlights: U.S. Bank offers three primary business checking accounts, including a free option via its Silver Business Checking account. This account includes up to 125 transactions and up to $2,500 in cash deposits per statement cycle. 

» Read our full U.S. Bank business checking review

Get $300 after spending $3,500, or $500 after spending $9,000, on your Brex card within the first 30 days.

• Eligible accounts: Brex Cash Management Business Account.

• How to qualify: Open a new Brex Cash account through NerdWallet and spend $3,500 ($300 bonus) or $9,000 ($500 bonus) on your Brex card within 30 days of opening your account.

• 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. Note: Brex is only available to venture-backed startups and mid-market companies.

• When you’ll receive the bonus: Brex will determine eligibility for the rewards 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: To receive the bonus offer, you need to apply for a Brex Cash account online via NerdWallet. Only incorporated businesses — C-corp, S-corp, LLC, LLP — can open an account.

• Location availability: Brex Cash is an online account available to qualifying businesses registered in the U.S.

• 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 business money market account 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

Earn $200 when you open a new PNC Business Checking account. Terms apply. Offer expires 03/31/2023.

• Eligible accounts: PNC Business Checking and Business Checking Plus.

• How to qualify: Open a new qualifying Business Checking or Business Checking Plus account by 3/31/23. Maintain a minimum average ledger balance of $5,000 for each of the first three statement cycles; and make at least 20 total qualifying PNC Bank Visa® Debit Card transactions within 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. 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 28 states across the Northeast, Midwest and South, plus Washington, D.C.

• Business banking highlights: With two main 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 and additional perks for new customers.

» Read our full PNC business checking review

Earn up to $1,000 when you open a qualifying Huntington Business account. Terms apply.

• Eligible accounts: Business Checking 100 ($100); Unlimited Business (up to $400); Unlimited Plus Business Checking (up to $1,000); Non Profit Interest Checking (up to $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 $1,000 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, the bonus will be deposited into your account within 14 days provided you’ve met the requirements.

• 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 only available to business owners in Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Dakota, West Virginia and Wisconsin.

• Business banking highlights: Huntington offers a free business checking account, as well as two “Unlimited” accounts with unlimited fee-free transactions. All accounts have a generous overdraft grace period that covers overdrafts up to $50 with no fee.

» Read our full Huntington Bank business checking review

Get a welcome bonus of up to $400 when you open a new BMO Business Checking account. Terms apply.

• Eligible accounts: BMO Digital Business Checking, Simple Business Checking, Premium Business Checking or Elite Business Checking.

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

  • For the $250 bonus: Maintain an average collected balance of $5,000 over the first 120 days of opening your account.

  • For the $400 bonus: Maintain an average collected balance of $10,000 over the first 120 days of opening your account.

• For either bonus, you also need to complete at least 10 electronic transactions — ACH credits or debits, online bill payments, mobile deposits, wire transfers, debit card point-of-sale purchase transactions — within 120 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 multiple branches in Illinois, Indiana, Arizona, Missouri, Minnesota, Kansas, Florida and Wisconsin. BMO Harris also has standalone branches in Dallas and Seattle.

• 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.

» Read our full BMO Harris business checking review

A business checking bonus can be a great way to earn a little extra cash for your business. But incentives should be just one factor you consider when opening a new account.  

You’ll want to determine 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.