Business bank accounts help small business owners separate their personal and business finances. Most business accounts also come with other benefits, such as access to credit lines, financial management tools, and ways to avoid maintenance and other fees.
Many banks offer promotions to attract new customers, including cash bonuses for business checking accounts and promotional interest rates for business savings accounts. These offers can provide a nice financial boost if you meet the eligibility requirements. Just make sure to read the details carefully to ensure the account meets your business banking needs and you can qualify for the promo before signing up.
Common types of business account promos
The most common types of business account promos include:
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Cashback offers
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Membership rewards
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Higher interest rates
Cashback and membership rewards are most common on business checking accounts, while business savings accounts typically come with promotional interest rates for the first few months of account opening.
How to find a bank promotion
If you are prequalified for a bank promotion, you may receive an offer in the mail or by email. You can also search online to find bank promotions you may be interested in to see if you qualify.
Some banks make it easy to find a promotional offer by displaying it on its home page. You can also search for the bank name and include “promotional offer” in your search to find the most current promos that may not be displayed on the bank’s website. This search may include personal and business bank account promos, but you can include “business account” in your search to tailor the results to business banking promos only.
How to decide if it’s worth taking advantage of a business account promotion
Deciding whether a business account promotion is worth it comes down to a few key factors:
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Minimum requirements: Check if you can realistically meet the requirements, such as maintaining a certain balance or making a specific number of transactions, without straining your company’s cash flow.
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Account fees: Make sure monthly maintenance or transaction fees don’t wipe out the bonus amount. Check for low-fee account options or ways to waive fees.
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Long-term value: Consider if the account offers tools, services or interest rates that benefit your business long-term.
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Tax consequences: Many cash bonuses and promotional interest rates are reported on a 1099-INT, meaning they’re taxable income. Factor this into your decision to avoid surprises at tax time.
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Bonus value vs effort: Consider how much time and effort it will take to earn the bonus and whether it’s worth it.
If the account fits your needs and the bonus adds value without added cost, it’s likely worth it.
Best business account promos
The following banks offer some of the best business account promos for checking and savings accounts. Eligibility varies by bank and account type. Check the bank’s website to see if you qualify.
Axos Bank
New Axos customers can earn up to $400 for opening an Axos Bank Business Checking Account or up to $375 for opening a Business Premier Savings account.
Bonus details:
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Bonus amount: $200, $400, $375
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Expiration date: September 30, 2025
Requirements to earn the bonus:
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Open a Basic Business Checking account online and use promo code START200 when signing up. You’ll receive $50 cash back each month, totaling up to $200, when you maintain a minium average daily balance of $3,000 in the first few months of the account opening.
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Open a Basic Business or Business Interest Checking Account using promo NEW400 and maintain an average daily balance of $25,000 to $49,999.99 to earn $75 per statement cycle, up to $300, or $100 per statement cycle, up to $400, if you have an average daily balance of $50,000 or more. To qualify, you must make at least ten point-of-sale transitions of $3 or higher per month using your debit card for signature-based purchases. The account must stay open for at least 150 days and be in good standing to receive the incentive or incur a $400 early closure fee.
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Open a Business Premier Savings Account using promo code BPS375 to earn up to $375 in up to three payouts in the first four statement cycles. An average daily balance between $30,000 and $74,999.99 earns $75 per statement cycle, while a balance of $75,000 or more earns $125. The account must stay open for 120 days or incur a $375 early closure fee.
When you’ll get it:
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Within 10 business days of the statement cycle ending in which balance requirements are met.
Chase Bank
You can earn up to $500 after opening a Chase Business Complete Checking account online or at a local Chase branch.
Bonus details:
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Bonus amount: $300, $500
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Expiration date: July 27, 2025
Requirements to earn the bonus:
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Open a Chase Business Complete Checking account and deposit $2,000 of new money within 30 days of opening to earn $300 or $500 if you deposit $10,000 or more. You must maintain the balance for 60 days from enrollment and complete five qualifying transactions within 90 days of enrolling.
When you’ll get it:
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Within 15 days of completing all the requirements.
American Express
New American Express Business Checking account members can receive 30,000 Membership Rewards points with qualifying activities.
Bonus details:
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Bonus amount: 30,000 Membership Rewards points
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Expiration date: Not disclosed
Requirements to earn the bonus:
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Open an American Express Business Checking account and deposit at least $5,000 within the first thirty days of opening the account. Deposits from American Express deposit accounts you own, interest payments and Redeem Membership Rewards Points for Deposits feature are not eligible. You must maintain an average daily balance of at least $5,000 for 60 days from the date you have $5,000 of eligible deposits and complete five qualifying transactions within 60 days of opening the account.
When you’ll get it:
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Within 8-12 weeks of meeting the qualifying criteria.
PNC Bank
Businesses with less than $5 million annual revenue can earn up to $1,000 by opening a new PNC business bank account online or in a branch.
Bonus details:
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Bonus amount: $400, $1,000
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Expiration date: June 30, 2025
Requirements to earn the bonus:
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Open a new Business Checking or Business Checking Plus account and maintain an average ledger balance of at least $2,000 and make a minimum of 10 qualifying transactions in the first three statement cycles to earn a $400 cash reward.
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Open a new Treasury Enterprise Plan or Analysis Business Checking account and maintain at least a $30,000 average ledger balance in the first three statement cycles to earn a $1,000 cash reward.
When you’ll get it:
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Not disclosed
Truist Bank
New Truist business checking clients can earn $400 by opening a business checking account online, over the phone or in a branch.
Bonus details:
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Bonus amount: $400
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Expiration date: September 30, 2025
Requirements to earn the bonus:
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Open a new Truist Simple Business Checking or Dynamic Business Checking account online using promo code SB25Q2CHECKING and make qualifying deposits of at least $2,000 within 30 days of account opening.
When you’ll get it:
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Within four weeks of meeting qualifications.
Citibank
New Citibank Business Checking accounts and existing customers without a business checking account in the preceding 180 days can earn up to $2,000 after completing the eligibility criteria.
Bonus details:
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Bonus amount: $300, $500, $1,000, $1,500, $2,000
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Expiration date: July 7, 2025
Requirements to earn the bonus:
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Open a new CitiBusiness® Analyzed, Streamlined or Flexible Checking Account online or in branch and make a qualifying deposit of at least $5,000 within 45 days of opening the account. You must maintain the balance 45 more days after the 46th day of enrollment. Cash bonuses are tiered depending on how much you deposit:
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$5,000 – $19,999: $300
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$20,000 – $49,999: $500
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$50,000 – $99,999: $1,000
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$100,000 – $199,999: $1,500
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$200,000 +: $2,000
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When you’ll get it:
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Within 30 days from the month end of meeting all qualifications.
Equity Bank
Earn up to $1,000 after opening a new Equity Bank Small Business or Commercial Checking account with at least $10,000 at account opening.
Bonus details:
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Bonus amount: $500, $1,000
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Expiration date: June 30, 2025
Requirements to earn the bonus:
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Businesses in Kay County, OK and Osage County, OK, are eligible by opening a new Small Business or Commercial checking account in a local branch or online using promo code BIZ1000. You can earn $500 with a new money deposit of $10,000, or $1,000 with a new money deposit of $20,000 within 30 days of opening the account. You must maintain a daily balance of at least the opening deposit for 60 days after opening the account to qualify.
When you’ll get it:
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Within 30 days of the last calendar day of the month after completing the offer requirements.
Associated Bank
Open a new Associated Bank business checking account in person or online to receive up to $750 in bonuses.
Bonus details:
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Bonus amount: $100, $400, $750
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Expiration date: June 30, 2025
Requirements to earn the bonus:
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Open a Business Access Checking account with a minimum deposit of $2,000 to earn $100, a Business Balance Checking account with a minimum deposit of $5,000 to earn $400 or a Business Choice Checking account with a minimum deposit of $20,000 to earn $750. All deposits must be new money not from an existing Associated Bank account, be deposited within 30 days of opening the account, maintain a minimum of the opening balance for 31 to 90 days after account opening and remain open for 12 months after getting the bonus to be eligible.
When you’ll get it:
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Within 120 days of opening the account.
Capital One Bank
You can earn a promotional annual percentage yield for three months on qualifying deposits after opening a Capital One Business Savings Account.
Bonus details:
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Bonus amount: Up to 3.70 percent APY on the first three months’ savings account balance.
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Expiration date: 92 days after opening the account.
Requirements to earn the bonus:
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Open a Capital One Business Savings Account to earn a three-month promotional APY on your balance. Balances up to $9,999.99 earn a 0.25 percent interest rate, while balances from $10,000 to $10 million earn 3.64 percent promotional interest, or 3.70 percent APY. Amounts above $10 million earn a 0/10 percent interest rate APY. A variable interest rate applies to the balance after the promotional rate ends.
When you’ll get it:
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Credited on the last day of each statement cycle.
Bottom line
Business bank account promotions can be a smart way to earn extra cash while setting your company up for financial success. For startups especially, opening a business account can also help establish a lender relationship, potentially leading to better rates on future small business loans. Whether you’re eyeing a checking or savings account bonus, take time to understand the terms, fees and long-term value.
A great promo should work for your business, not the other way around. By weighing the benefits against the requirements and potential tax implications, you can choose a business account that supports your short-term gains and long-term goals.
Frequently asked questions
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Are all business bank promotions a good deal?
Not all business bank promotions are a good deal, and some can actually cost more than they’re worth. While the cash bonus might look tempting upfront, it’s important to dig into the details. Some promos come with high minimum balance requirements, steep monthly fees, or strict activity conditions that don’t fit every business’s needs. Others may trigger tax implications if you receive a 1099-INT and have to claim the bonus as taxable income.
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Is it worth moving your business banking for a good promo?
It can be worth moving your business banking for a good promo if the new account fits your long-term needs. A generous cash bonus might sound appealing, but switching banks takes time and effort and may cause disruption to your operations from having to update payment systems or vendor information. If switching will save you money, offer better features and tools with low fees and easy requirements to meet, and the bonus amount is worth it, then it’s probably a good move.
