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Best Business Bank Account Bonuses and Promotions of 2024
Earn a bonus when you open one of these business accounts. Terms apply.
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Randa Kriss is a lead writer and NerdWallet authority on small business. She has nearly a decade of experience in digital content. Prior to joining NerdWallet in 2020, Randa worked as a writer at Fundera, covering a wide variety of small-business topics and specializing in the lending and banking spaces. Her work has been featured in The Washington Post, The Associated Press, MarketWatch and Nasdaq, among other publications. She has also hosted a webinar as part of the SBA's 2024 National Small Business Week Virtual Summit. Randa is passionate about helping small-business owners make educated financial decisions, especially when it comes to affordable funding. She is based in Chicago.
Ryan Lane Assigning Editor | Small business, student loans
Ryan Lane is an editor on NerdWallet’s small-business team. He joined NerdWallet in 2019 as a student loans writer, serving as an authority on that topic after spending more than a decade at student loan guarantor American Student Assistance. In that role, Ryan co-authored the Student Loan Ranger blog in partnership with U.S. News & World Report, as well as wrote and edited content about education financing and financial literacy for multiple online properties, e-courses and more. Ryan also previously oversaw the production of life science journals as a managing editor for publisher Cell Press. Ryan is located in Rochester, New York.
Kelsey Sheehy Senior Writer | Small business, personal finance
Kelsey Sheehy is a senior writer and NerdWallet authority on small business. She started at NerdWallet in 2015 and spent six years as a personal finance writer and spokesperson before switching gears to cover the financial decisions and challenges faced by small-business owners. Kelsey’s work has appeared in The New York Times, The Washington Post, Nasdaq and MarketWatch, among other publications. Kelsey has appeared on the "Today" show, NBC News and ABC’s "World News Tonight" and has been quoted by the Los Angeles Times, CNBC, American Banker, NPR and Vice, among other publications. Prior to joining NerdWallet, Kelsey covered college (and how to pay for it) for U.S. News & World Report. She is based in Washington, D.C.
Business owners in the market for a new business checking account can cash in on business bank account promotions from U.S. Bank, Chase, Bank of America, Axos and other business banks. Most business account offers come in the form of one-time cash bonuses payable when you open a new eligible account and complete certain activities, such as depositing new funds and meeting minimum balance requirements.
Here are the best business checking and savings account bonuses for October 2024.
U.S. Bank business checking bonus: $400 or $900
U.S. Bank
Silver Business Package
NerdWallet Rating
NerdWallet's ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service.
4.2
Bonus Amount
$400
Requirements to qualify Earn $400 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q4AFL24 and complete qualifying activities, subject to certain terms and limitations. Offer valid through January 15, 2025. Member FDIC.
Earn a welcome bonus of up to $900 when you open a new, eligible U.S. Bank business checking account online with promo code Q4AFL24 and complete qualifying activities, subject to certain terms and limitations. Offer is valid through 01/15/2025. Member FDIC.
Show bonus offer details
Eligible accounts: U.S. Bank Silver Business Checking, Business Essentials and Platinum Business Checking accounts.
How to qualify: Open an eligible U.S. Bank business checking account online using promo code Q4AFL24 ($100 minimum opening deposit applies) and complete the following steps:
To earn a $400 bonus, open a U.S. Bank Silver Business Checking or Business Essentials account and deposit new money — $5,000 — within 30 days.
To earn a $900 bonus, open a Platinum Business Checking and deposit new money — $30,000 — within 30 days.
In both instances, you must maintain that balance through 60 days from 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 12 months.
When you’ll receive the bonus: Once eligibility is verified, your bonus will be deposited into your account within 30 days from the end of that calendar month, provided your account is open and has a positive balance.
How to open an account: This bonus only applies to accounts opened online.
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.
Interested in opening a U.S. Bank business checking account? Consider pairing it with a Platinum Business Money Market Account from the bank to earn an interest rate bump on your savings: Earn a base rate of 0.05% to 1.15%, depending on your balance. Qualifying accounts earn a bonus APY of up to 3.56% from the account opening date. Terms and limits apply. Check out this account and other high-yield business savings accounts.
Live Oak Business Savings: $400
Live Oak Bank
Live Oak Bank Business Savings
NerdWallet Rating
NerdWallet's ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service.
5.0
Bonus Amount
$400
Requirements to qualify Earn $400 bonus with a minimum $30,000 deposit amount, hold for 90 consecutive days. Customers must open a new account; one bonus per legal entity. Account must be funded from an external account. Terms apply. Offer expires 10/31/2024.
Earn $400 bonus with a minimum $30,000 deposit amount, hold for 90 consecutive days. Customers must open a new account; one bonus per legal entity. Account must be funded from an external account. Terms apply. Offer expires 10/31/2024.
Show bonus offer details
Eligible accounts:Live Oak Bank Business Savings.
How to qualify: Open a new Live Oak Bank Business Savings and meet each of the following requirements:
Make a minimum deposit of at least $30,000.
Maintain the balance for 90 days.
Who can qualify: New and existing Live Oak customers are eligible for the $400 promotion if they open a new Live Oak Bank Business Savings account. Limit to one promo payout per business entity.
When you’ll receive the bonus: The bonus is paid out within 45 days of meeting all qualifying requirements.
How to open an account: You can open a Live Oak savings account online.
Location availability: Live Oak is an online bank; accounts are available nationwide.
Business banking highlights:Live Oak Bank Business Savings is one of the best business savings accounts available, earning 3.80% APY with no monthly fee or minimum balance required to earn interest. You can also access up to $10 million in FDIC insurance via the bank's Insured Cash Sweep program.
Live Oak is also running a promotion on its personal high-yield savings account. Customers can qualify for both bonuses provided they meet the eligibility requirements. Learn more about Live Oak's personal savings account.
Axos business checking bonus: Up to $400
Axos Bank®
Basic Business Checking
NerdWallet Rating
NerdWallet's ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service.
4.9
Bonus Amount
$400
Requirements to qualify Business owners get up to $400 welcome bonus!* Open a business checking account by January 2 and get up to $400 when you use promo code NEW400 on your application.*
Open an Axos business checking account using promo code "NEW400" by 01/02/2025 and earn a bonus of up to $400. Terms and minimum balance requirements apply.
Show bonus offer details
Eligible accounts: Axos Basic Business Checking or Business Interest Checking.
How to qualify: Open a qualifying Axos business checking account by 01/02/2025 and complete the requirements noted below. The bonus is paid out in $75 or $100 increments for each statement cycle that you meet the minimum balance and other requirements, with a maximum of four payouts over five statement cycles.
Complete 10 point-of-sale transactions per month with your Axos business debit card. Transactions must be at least $3.
Maintain an average daily balance of $25,000 to $49,999 for a $75 payout or at least $50,000 for a $100 payout.
Who can qualify: New Axos business checking customers who have not been primary accountholders on an Axos business account (checking or savings) in the past 12 months. You are only eligible for one Axos promotional offer per year.
When you’ll receive the bonus: The bonuses are deposited within 10 business days of the end of the statement cycle if you meet all of the qualifying requirements.
How to open an account: Open your Axos business checking account online using the promo code “NEW400."
Location availability: Nationwide.
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 unlimited domestic ATM fee reimbursements for fees charged by other banks.
PNC business checking bonus: $400
PNC
PNC Business Checking
NerdWallet Rating
NerdWallet's ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service.
4.0
Bonus Amount
$400
Requirements to qualify Open a new qualifying Business Checking or Business Checking Plus account by 12/31/2024. Maintain a minimum average ledger balance of $2,000 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.
Earn $400 when you open a new PNC Business Checking account. Terms apply. Offer expires 12/31/2024.
Show bonus offer details
Eligible accounts: PNC Business Checking and Business Checking Plus.
How to qualify:Open a new qualifying Business Checking or Business Checking Plus account by 12/31/2024. Maintain a minimum average ledger balance of $2,000 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.
Axos business savings bonus: Up to $375
Axos Bank®
Axos Business Premium Savings Account
NerdWallet Rating
NerdWallet's ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service.
4.5
Bonus Amount
$375
Requirements to qualify Earn a bonus of up to $375 when you open a new Business Premium Savings account using promo code BPS375. Terms apply. Offer expires 12/31/2024.
Earn a bonus of up to $375 when you open a new Business Premium Savings account using promo code BPS375. Terms apply. Offer expires 12/31/2024.
Show bonus offer details
Eligible accounts:Axos Business Premium Savings Account.
How to qualify: Open a Axos Business Premium Savings Account by 12/31/2024 and meet the balance requirements noted below. The bonus is paid out in $75 or $125 increments, depending on your balance. You can earn up to three payouts over the first four statement cycles.
For a $75 payout: Maintain an average daily balance of $30,000 to $74,999.
For a $125 payout: Maintain an average daily balance of $75,000 or more.
Who can qualify: New Axos Business Premium Savings Account customers who have not been primary account holders on an Axos Bank or UFB savings account in the past 12 months. You are only eligible for one Axos savings promotional offer per year.
When you’ll receive the bonus: The bonuses are deposited within 10 business days of the end of the statement cycle if you meet all of the qualifying requirements.
How to open an account: Open your Axos business checking account online by 12/31/2024 and use the promo code “BPS375."
Location availability: Nationwide.
Business banking highlights:Axos Business Premium Savings Account has no monthly fee and earns 4.01% on all balances. The account allows up to 20 transactions per month (debits, credits and deposited items). Additional transactions are 30 cents each. Account holders can opt into an Insured Cash Sweep account to extend FDIC coverage up to $240 million for no additional charge.
Bluevine business checking bonus: $300
Bluevine
Bluevine Business Checking
NerdWallet Rating
NerdWallet's ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service.
4.7
Bonus Amount
$300
Requirements to qualify Earn a $300 bonus when you open a new Bluevine Business Checking account and meet eligibility requirements. Apply with referral code NW300.
Earn a $300 bonus when you open a new Bluevine Business Checking account and meet eligibility requirements. Apply with referral code NW300.
Show bonus offer details
Eligible accounts:Bluevine Business Checking.
How to qualify: Open and fund a new Bluevine Business Checking account using the referral code by 12/31/2024, then complete at least one of the following activities every 30 days for the next 90 days:
Spend at least $2,000 with your Bluevine Business Debit Mastercard® and/or Bluevine Business Cashback Mastercard®.
Deposit $5,000 from eligible merchant service providers to your Bluevine account.
Make at least $5,000 of outbound payroll payments from your Bluevine account using eligible payroll providers.
Who can qualify: New Bluevine business checking customers who have not been the owners or signer on a Bluevine business account for at least 12 months.
When you’ll receive the bonus: Bluevine will deposit the bonus into your account the month after you satisfy the bonus requirements (by the 10th day, per Bluevine).
How to open an account: You can open an account online using the offer code above.
Location availability: Bluevine is an online account and available nationwide.
Business banking highlights: Bluevine's free business checking offers an industry-leading APY: Earn 1.50% interest on account balances up to and including $250,000. Terms apply.
Chase business checking bonus: $300
Chase
Chase Business Complete Banking®
NerdWallet Rating
NerdWallet's ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service.
4.5
Bonus Amount
$300
Requirements to qualify Earn $300 when you open a new Chase Business Complete Checking® account. For new Chase business checking customers with qualifying activities.
Earn $300 when you open a new Chase Business Complete Checking® account. For new Chase business checking customers with qualifying activities.
Show bonus offer details
Eligible accounts:Chase Business Complete Banking®.
How to qualify: Open a new Chase Business Complete Banking® account by 01/16/2025, 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 48 states, plus Washington, D.C. It doesn't have branch locations in Alaska or Hawaii.
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℠.
Bank of America business checking bonus: $200
Bank of America, N.A.
Bank of America® Business Advantage Fundamentals™ Banking
NerdWallet Rating
NerdWallet's ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service.
The $200 bonus offer is an online-only offer and must be opened through the Bank of America promotional page. Terms apply. Offer expires 12/31/2024.
Show bonus offer details
Eligible accounts: Bank of America® Business Advantage Banking accounts. These include Bank of America® Business Advantage Fundamentals™ Banking and Business Advantage Relationship Banking.
How to qualify: Open an eligible account by 12/31/2024 and take the following steps:
Deposit $5,000 or more in new money within 30 days of opening a new eligible Bank of America® Business Advantage Banking account. New money is new funds deposited into your business checking account that are not transfers from other Bank of America deposit accounts or Merrill investment accounts.
Maintain an average balance of $5,000 or more in that new Business Advantage Banking account during the maintenance period, which begins 31 calendar days after account opening and ends 90 calendar days after account opening.
Who can qualify: New eligible business checking customers 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 thousands of branches and ATMs.
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 — which is waived for the first 12 months.
Huntington business checking bonus: Up to $1,000
Huntington National Bank
Business Checking 100
NerdWallet Rating
NerdWallet's ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service.
Earn up to $1,000 when you open a qualifying Huntington Business account by 01/07/2025. Terms apply.
Show bonus offer details
Eligible accounts: Business Checking 100; Unlimited Business; Unlimited Plus Business Checking; Non Profit Interest Checking.
How to qualify: Bonus amount depends on the account type opened, as well as new money deposited. The deposit requirements for each promotion include:
For a $100 bonus: Make a cumulative new money deposit of at least $2,000 within 60 days after opening an eligible account. Offer available on all eligible accounts.
For a $400 bonus: Make a cumulative new money deposit of at least $5,000 within 60 days after opening an eligible account. Offer not available on Business Checking 100.
For a $1,000 bonus: Make a cumulative new money deposit of at least $20,000 within 30 days after opening an eligible account, then maintain a daily balance of $20,000 for 60 days after you've met the cumulative opening deposit requirement. Offer not available on Business Checking 100, Unlimited Business Checking or Non Profit Interest Checking accounts.
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.
American Express® business checking bonus: 30,000 Membership Rewards points
American Express National Bank
American Express® Business Checking
NerdWallet Rating
NerdWallet's ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service.
5.0
Bonus Amount
$0
Requirements to qualify Earn 30,000 Membership Rewards points. Convert Membership Rewards® points into deposits directly into your American Express®Business Checking account. Other redemption options available. Terms apply.
Earn 30,000 Membership Rewards points. Convert Membership Rewards® points into deposits directly into your American Express®Business Checking account. Other redemption options available. Terms apply.
Show bonus offer details
Eligible accounts:American Express® Business Checking.
How to qualify: Open a new American Express® Business Checking and meet each of the following requirements:
Deposit a total of $5,000 or more within 30 days of account opening. Eligible deposits are any deposits except those using the Redeem for Deposits feature, deposits from interest payments, and deposits from any other American Express® Business Checking accounts.
Once you meet the deposit requirement, you must maintain an average balance of $5,000 for the next 60 days.
Complete at least five transactions within 60 days of account opening. Qualifying transactions include mobile deposits, check deposits by mail and electronic transactions including ACH transfers, wire transfers and bill payments. Business debit card transactions and deposits using the Redeem for Deposits feature are not qualifying transactions.
Who can qualify: Business owners opening their first American Express® Business Checking account. You will also need a linked Membership Rewards Program Account to receive the points.
When you'll receive the bonus: Membership Rewards points will be credited to your linked account within 8-12 weeks upon completion of the qualifying activities.
How to open an account: American Express is an online-only financial institution. You can open a business checking account on its website.
Location availability: Nationwide.
Business banking highlights:American Express® Business Checking is one of our top business checking accounts, as it has no monthly fee, unlimited transactions and accrues interest: Earn 1.30% APY (annual percentage yield) on balances up to $500,000 as of 02/07/2024. Also, unlike most online accounts, American Express offers 24/7 customer service. The account doesn't accept cash deposits, though.
All information about the American Express® Business Checking has been collected independently by NerdWallet and has not been reviewed or provided by the issuer or provider of this product or service.
New elevated offer
Featured card placement may be affected by compensation agreements with our partners, but these partnerships in no way affect our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services. Here is a list of our partners.
NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account the type of card being reviewed (such as cash back, travel or balance transfer) and the card's rates, fees, rewards and other features.
4.6
Bonus Amount Earn 100,000 Membership Rewards® points after you spend $15,000 on eligible purchases with the Business Gold Card within the first 3 months of Card Membership. Terms Apply.
