Best Business Bank Account Promos & Offers June 2023
This article is part of a larger series onBusiness Banking.
The best business bank account promotions should entice companies to sign up for a new business checking, savings, or credit card product by providing cash back bonuses or statement credits. These bonuses should be easy to attain with clearly stated qualification requirements. We have searched our recommended business banks to find the best and latest account promotions and offers.
Here are the best ones for June 2023:
- Mercury:Fit Small Business exclusive:Earn $300 cash back when you spend $2,000 on your debit card within 90 days
- Bank of America:Earn up to $500 in cash back and statement credits for signing up for a new account
- U.S. Bank:Earn up to $750 cashback bonus for opening a new account
- Chase:Earn up to a $500 cash back bonus for opening a new account
- Huntington*:Earn up to $1,000 cash back bonus for opening a new account
- PNC Bank:Earn up to $500 cash back bonus for opening a new account
- Truist*:Earn $400 cash back bonus for opening a new account
- Citibank*: Earn up to $2,000 cash back bonus for opening a new account
- M&T Bank: Earn up to $500 cash back bonus for opening a new account
- Axos Bank:Earn up to $200 cash back bonus for signing up for a new account
- BMO*: Earn up to $500 cash back bonus for opening a new business checking account
- California Bank & Trust*:Earn $250 cash back bonus for opening a new business checking account
*These providers are geographically limited. See our banking reviews for each provider for details or visit the provider’s website for more information.
Provider |
Account |
Promotion Type |
Amount |
Requirements |
---|---|---|---|---|
|
Checking |
Cash back |
美元300 |
Spend $2,000 within 90 days of opening an account |
|
Checking |
Cash back |
美元100 or $200 |
Open new account, meet deposit, and balance requirements |
Checking and credit card |
Statement credit |
美元300 |
Open new account, spend $3,000 within first 90 days on credit card |
|
|
Checking |
Cash back |
美元500 or $750 |
Open new account and meet qualifying activities |
Visit U.S. Bank(Use promo code Q2AFL23) |
||||
|
Checking |
Cash back |
美元300 or $500 |
Open new account and meet deposit and balance requirements |
|
Checking |
Cash back |
美元100, $400, or $1,000 |
Open new account and meet qualifying activities |
|
Checking |
Cash back |
美元200 or $500 |
Open new account and meet qualifying activities |
|
Checking |
Cash back |
美元400 |
Open new account, meet qualifying activities |
Visit Truist(Use promo code SB23Q2CHECKING) |
||||
|
Checking |
Cash back |
Up to $2,000 |
Open new account, meet qualifying activities |
|
Checking |
Cash back |
美元500 |
Open new account, meet qualifying activities |
|
Checking |
Cash back |
美元100 or $200 |
For new businesses*; open new account and meet balance requirements |
Visit Axos Bank(Use promo code NEWBIZ200 or NEWAXOSBIZ) |
||||
|
Checking |
Cash back |
美元300 or $500 |
For new customers; open new account, meet qualifying activities |
|
Checking |
Cash back |
美元250 |
For new customers; open new account, meet qualifying activities |
Mercury: Earn $300 Cash Back When You Spend $2,000 on Your Debit Card Within 90 Days of Account Opening
Business Checking Terms
|
Features
|
|
Required Opening Deposit
|
None |
|
Required Balance Minimum
|
None
|
|
Transaction Limit Before Fees
|
No limit
|
|
Automated Clearing House (ACH) Fees
|
None
|
|
Monthly Fee
|
None
|
|
ATM Fees
|
Free access to Allpoint ATM network; no charge out of network |
|
Cash Deposited
|
现金存款不接受
|
|
Annual Percentage Yield (APY) |
N/A
|
|
An exclusive for Fit Small Business audiences, Mercury has an ongoing business checking account promotion that allows you to earn $300 cash back when you spend $2,000 on your debit card within 90 days of account opening. To take advantage of that promotion, open a new account on its website and ensure you meet the cash back requirements.
Bank of America: Earn Up to $500 in Cash Back & Statement Credits
Fundamentals Business Checking Terms
|
Features
|
|
Required Opening Deposit
|
美元100 |
|
Required Balance Minimum
|
None |
|
Transaction Limit Before Fees
|
200, then 45 cents per item |
|
ACH Fees
|
None |
|
Monthly Fee
|
美元16; waivable |
|
ATM Fees
|
Free in network; $2.50 per transaction out-of-network |
|
Cash Deposited
|
美元7,500 free per month; then 30 cents per $100 per statement cycle |
|
APY
|
N/A |
|
美国银行(Bank of America)提供两个不同的奖金:one is a cash back bonus of up to $200 for opening a new checking account, and the other is a $300 statement credit on a Bank of America small business credit card. Both require qualifying actions to earn the cash back and statement credit.
The company’s website states that this offer must be extended by Bank of America via direct communication, so be sure to ask for it specifically when shopping around. If you sign up for an account first, you may not receive the offer.
Click the tab below to see how to earn each bonus:
- New money is new funds deposited into your Business Advantage Banking account that are not transfers from other Bank of America deposit accounts or Merrill investment accounts.
- A transfer done via ATM, online or teller, or a transfer from a Bank of America deposit account or brokerage account, such as a Merrill account, isn’t considered new money.
- A cash withdrawal from an existing Bank of America account and deposited into the new Business Advantage Banking account is not considered new money.
- The Maintenance Period begins 31 calendar days after account opening and ends 90 calendar days after account opening.
- All account applications are subject to approval.
- Your account does not qualify for the bonus until you provide all the information required in connection with opening the account by the promotion end date of Dec. 31, 2023. This includes information required to identify each account owner and to report the bonus to the IRS, including a validly completed IRS Form W-9 or Form W-8 (as applicable.)
- The value of this bonus may constitute taxable income to you.
- To the extent required by law, Bank of America may withhold tax or other amounts from the payment. Please consult your tax advisor, as neither Bank of America, its affiliates, nor their employees provide tax advice.
- Please consult a financial center, visit bankofamerica.com, or see the Business Schedule of Fees found at bankofamerica.com/businessfeesataglance for other account fees, rates, and information.
- All new Business Advantage Banking accounts must be open up to the date the earned bonus is paid to receive the earned bonus.
- We will make every attempt to deposit the earned cash bonus directly into your Business Advantage Banking account within 60 days from the end of your qualifying period.
U.S. Bank: Earn up to $750 Cashback Bonus For Opening a New Account
Silver Business Checking Terms
|
Features
|
|
Required Opening Deposit
|
美元100 |
|
Required Balance Minimum
|
None |
|
Transaction Limit Before Fees
|
125 per month; then 50 cents per transaction |
|
ACH Fees
|
None |
|
Monthly Fee
|
None |
|
ATM Fees
|
No charge for out-of-network ATMs, third-party fees may apply |
|
Cash Deposited
|
25 free cash deposits per cycle |
|
APY
|
N/A |
|
U.S. Bank is offering up to a $750 cashback bonus for new accounts with qualifying activities. You can earn the bonus when you open a new, eligible U.S. Bank business checking account (promo code:Q2AFL23) and complete qualifying activities, subject to certain terms and limitations. This offer is valid through June 30, 2023.
To earn the $500 bonus, complete the following actions:
- 打开一个新的银行业务优势关系or Business Advantage FundamentalsTM Banking account by June 30, 2023; AND
- Make a deposit of at least $5,000 in new money within 30 days of account opening and maintain the balance until the 60th day after account opening; AND
- Enroll in U.S. Bank business online banking or the U.S. Bank Mobile App within 60 days of account opening.
To earn the $750 bonus, complete the following actions:
- 打开一个新的银行业务优势关系or Business Advantage FundamentalsTM Banking account by December 31, 2023; AND
- Make a deposit of at least $15,000 in new money within 30 days of account opening and maintain the balance until the 60th day after account opening; AND
- Enroll in U.S. Bank business online banking or the U.S. Bank Mobile App within 60 days of account opening.
- Promo codeQ2AFL23MUST be used when opening the business checking account. Limit of one Business Checking bonus per business.
- A $100 minimum deposit is required to open a U.S. Bank Silver, Gold, Gold with Interest, or Platinum Business Checking account.
- 赚到750美元的业务检查由openi奖金ng a new U.S. Bank Silver Business Checking, Gold Business Checking, Gold Business Checking with Interest, or Platinum Business Checking account between April 24, 2023 and June 30, 2023.
- The checking account must be opened online to qualify.
- To earn the $500 bonus, you must make new deposit(s) of at least $5,000 in new money deposits (Direct/Branch, Mobile Check Deposit, ACH or Wires) within 30 days of account opening and then maintain a balance of at least $5,000 through 60 days after account opening.
- To earn the $750 bonus, you must make new deposit(s) of at least $15,000 in new money deposits (Direct/Branch, Mobile Check Deposit, ACH or Wires) within 30 days of account opening and then maintain a balance of at least $15,000 through 60 days after account opening.
- The new money deposit cannot be funds held by U.S. Bank or its affiliates.
- An individual signer on the new checking account must be enrolled in U.S. Bank online banking or the U.S. Bank Mobile App within 60 days of account opening.
- The Business Checking bonus will be deposited into your new U.S. Bank business checking account within 45 days of deposit verification, as long as the account is open and has a positive balance.
- Offer may not be combined with any other business checking account bonus offers.
- Offer isn’t valid if you or any signer on the new business checking account has an existing U.S. Bank business checking account or had a U.S. Bank business checking account in the last 24 months.
- All regular account-opening procedures apply. For a comprehensive list of checking account pricing, terms and policies, reference your Business Pricing Information Disclosure. This document can be obtained by contacting a U.S. Bank branch or calling (800) 872-2657.
- Bonus will be reported as interest earned on IRS Form 1099-INT, and the recipient is responsible for any applicable taxes. Current U.S. Bank employees aren’t eligible. U.S. Bank reserves the right to withdraw this offer at any time without notice.
- A transaction includes deposits and other credits, checks paid and other debits, ACH and deposited items, and signature and PIN-based purchases made with a U.S. Bank Business Debit Card. The U.S. Bank Business Debit Card is issued by U.S. Bank National Association, pursuant to a license from Visa U.S.A. Inc.
Chase: Earn up to a $500 Cash Back Bonus for Opening a New Account
Business Complete Banking Terms
|
Features
|
|
Required Opening Deposit
|
None |
|
Required Balance Minimum
|
None |
|
Transaction Limit Before Fees
|
20, then 40 cents per transaction |
|
ACH Fees
|
美元25 for first 25 items per month; 15 cents per item above 25 per month |
|
Monthly Fee
|
美元15; waivable |
|
ATM Fees
|
Third-party operator fees may apply out-of-network (non-Chase ATM) |
|
Cash Deposited
|
美元5,000 free per month; $2.50 per $1,000 after each month |
|
APY
|
N/A |
|
Chase offers either a $300 or $500 bonus if you open a new Chase Business Checking Account online or in a branch and complete qualifying activities within the first 90 days.
To earn a $300 bonus:
- Step 1:Open a new Chase Business Checking account online or in branch and present the $300 bonus offer (which you can receive by enteringyour email address on Chase’s website).
- Step 2:存款在least $2,000 in new money within 30 days.
- Step 3:Maintain at least a $2,000 balance for 60 days from the offer enrollment.
- Step 4:Complete 5 qualifying transactions (listed below) within 90 days of enrollment.
To earn a $500 bonus:
- Step 1:Open a new Chase Business Checking account online or in branch and present the $500 bonus offer (which you can receive by enteringyour email address on Chase’s website).
- Step 2:存款在least $15,000 in new money within 30 days.
- Step 3:Maintain at least a $15,000 balance for 60 days from the offer enrollment.
- Step 4:Complete 5 qualifying transactions (listed below) within 90 days of enrollment.
Once those are completed, the bonus will be deposited into your account within 15 days. However, if you close your account within six months after offer enrollment, Chase will deduct the bonus for that account at closing. The offer is valid until August 3, 2023.
Bonus/account information:Checking offer isn’t available to existing Chase business checking customers, local, state, or federal government entities or agencies, Not-for-profit organizations, political action committees (PACs), or those with campaign accounts, or whose accounts have been closed within 90 days or closed with a negative balance within the last three years.
You can receive only one new business checking account opening-related bonus every two years from the last enrollment date and only one bonus per account. To receive the business checking bonus:
- Visit a branch or chase.com/business and open a new Chase Business Complete CheckingSM account. To open a Chase Performance Business Checking® (or Chase Performance Business Checking® with Interest) account or Chase Platinum Business Checking account, please visit a branch. Accounts are subject to approval.
To receive the $300 bonus:
- Deposit a total of $2,000 or more in new money into your new checking account within 30 days of offer enrollment; and
- Maintain at least a $2,000 balance for 60 days from the offer enrollment. The new money cannot be funds held by your business at Chase or its affiliates.
- Complete five qualifying transactions within 90 days of offer enrollment. Qualifying transactions are debit card purchases, Chase QuickAcceptSMdeposits, Chase QuickDepositSM, ACH (Credits), wires (Credits and Debits), and Chase OnlineSMBill Pay.
To receive the $500 bonus:
- Deposit a total of $15,000 or more in new money into your new checking account within 30 days of offer enrollment; and
- Maintain at least a $15,000 balance for 60 days from the offer enrollment. The new money cannot be funds held by your business at Chase or its affiliates.
- Complete five qualifying transactions within 90 days of offer enrollment. Qualifying transactions are debit card purchases, Chase QuickAcceptSMdeposits, Chase QuickDepositSM, ACH (Credits), wires (Credits and Debits), and Chase OnlineSMBill Pay.
After you have completed all the above checking requirements, the bank will deposit the bonus into your new account within 15 days:
- Offer is good for one-time use
- Employees of JPMorgan Chase Bank, N.A. and our affiliates aren’t eligible
- Chase reserves the right to withdraw this offer at any time without notice
- Bonuses are considered interest and may be reported on IRS Form 1099-INT (or Form 1042-S, if applicable)
- Account closing:If the checking account is closed by the customer or Chase within six months after offer enrollment, the bank will deduct the bonus amount for that account at closing.
Huntington Bank: Earn Up to $1,000 Cash Back Bonus for Opening a New Account
Business Checking 100 Terms
|
Features
|
|
Required Opening Deposit
|
None |
|
Required Balance Minimum
|
None |
|
Transaction Limit Before Fees
|
100 per month; then 50 cents per transaction |
|
ACH Fees
|
None |
|
Monthly Fee
|
None |
|
ATM Fees
|
免费的网络;美元3.50 per transaction out-of-network |
|
Cash Deposited
|
美元5,000 free per month; then 30 cents per $100 per month |
|
APY
|
N/A |
|
You canview Huntington Bank’s business banking promotions, which let you earn up to $1,000 cash back depending on which account you open and how much you deposit.
Click on the account type below to see how to earn bonuses from Huntington Bank.
- “New money” is defined as money that is not currently on deposit in any Huntington account, except maturing business certificates of deposits (CDs).
- Account must maintain an open status for at least 90 days before it is eligible for the bonus payment.
- All new accounts subject to account opening approval and account conversions are not eligible.
- An Early Account Closing Fee will apply to accounts closed within 180 days of opening.
- If you opened a Business Checking 100 account, your $100 bonus will be deposited into your new checking account within 14 days of meeting the above requirements.
- If you opened an Unlimited Business Checking account, your $400 bonus will be deposited into your new checking account within 14 days of meeting the above requirements.
- If you opened an Unlimited Plus Business Checking account, your $1,000 bonus will be deposited into your new checking account within 14 days of meeting the above requirements.
- Your business checking account must remain in open status to receive the bonus.
- This offer is only available to new business checking customers.
- All existing Huntington business checking customers, including those with business checking accounts closed within the last six months, aren’t eligible. Public fund/government banking dollars and brokers aren’t eligible for this offer.
- Cash bonus doesn’t count toward the deposit requirement.
- This offer cannot be used in combination with any other offer.
- For tax purposes, the bonus will be reported on IRS Form 1099-INT for the year in which you receive your bonus.
- 亨廷顿有权限制一个典型个体al business owner with multiple businesses to one account-related gift incentive per rolling 12-month period across all deposit account relationships.
PNC Bank: Earn Up to $500 Cash Back Bonus for Opening New Account
Business Checking Terms
|
Features
|
|
Required Opening Deposit
|
美元100 |
|
Required Balance Minimum
|
None |
|
Transaction Limit Before Fees
|
150 per month,
then 50 cents per transaction |
|
ACH Fees
|
None |
|
Monthly Fee
|
美元10; waivable |
|
ATM Fees
|
Free in-network, $3 per transaction out-of-network; 2 reimbursements/month |
|
Cash Deposited
|
美元5,000 free per month; then 25 cents per $100 per statement cycle |
|
APY
|
N/A |
|
You can earn either a $200 or $500 cash back bonus when opening a new account with PNC Bank. The amount of the bonus depends on which account you open, and the bonus is subject to qualifying actions. The account must be opened by June 30, 2023, to qualify. The offer is only open to businesses with annual revenue of less than $5 million.
Click the tab below to see how to earn each bonus.
- New account won’t be eligible for offer if any signer has signing authority on an existing PNC Bank business checking account or 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 signers, only one account will be eligible for the premium.
- For this offer, signing authority will be defined by the customer names and Social Security numbers registered on the account.
- Offer may be extended, modified, or discontinued at any time.
- The value of the reward may be reported on IRS Form 1099 and may be considered taxable income to you.
- Consult your tax advisor regarding your specific situation.
Truist: Earn $400 Cash Back Bonus for Opening a New Account
Simple Business Checking Terms
|
Features
|
|
Required Opening Deposit
|
美元100 |
|
Required Balance Minimum
|
None |
|
Transaction Limit Before Fees
|
50 total combined transactions per month; 50 cents each after |
|
ACH Fees
|
None |
|
Monthly Fee
|
None |
|
ATM Fees
|
免费的网络;3美元的国内网外;美元5 internationally |
|
Cash Deposited
|
美元2,000 free per month; three-10ths of a cent per $1 per statement cycle after |
|
APY
|
N/A |
|
Truist is offering $400 cash back for new account openings with qualifying actions through June 30, 2023. To earn the cash back, follow the steps below.
- Step 1:Be a new Small Business Checking client.
- Step 2:Open a new Simple Business Checking or Dynamic Business Checking account from April 3, 2023, to June 30, 2023, using promo codeSB23Q2CHECKING.
- Step 3:Make cumulative qualifying deposits of $1,500 or more into your new account within 30 days of account opening.
- Step 4:Enroll and sign in to Truist Online Banking for Business within 30 days of account opening.
The reward will be credited to the new business checking account up to four weeks after the qualification requirements have been verified.
To be eligible to participate in the promotion:
- You must be a new Truist business checking client. To be considered a new business checking client, the business cannot have an existing Truist business checking account, or have closed a SunTrust (now Truist), or Truist business checking account within 180 days prior to the promotion start date (on or after October 5, 2022), with the same taxpayer identification number (TIN), including but not limited to an employer identification number (EIN).
- The business account holder must be 18 years or older at time of account opening.
- The account holder cannot be a nonresident alien.
- The business must be registered within the United States with the business’s physical street address located in Washington, D.C. or one of the following states: Alabama, Arkansas, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, or West Virginia, and have a valid US TIN or EIN.
- The qualifying checking account must be opened in a Truist branch in one of the above-listed states or online.
Reward processing:
- The reward will be credited to the new business checking account up to four weeks after the qualification requirements have been verified. When the cash reward is deposited, it will appear in your new business checking account monthly statement as RewardSB23Q2CHECKING.
- This offer is only applicable once per client.
- If multiple accounts are opened with the same owners/signers and Truist reasonably believes that the legal entities associated with such accounts engage in substantially similar or limited business activities, Truist may limit the number of accounts that are eligible for the promotional offer to five.
- Truist may report the value of any reward received through any offer to the Internal Revenue Service, as required by law.
- Any applicable taxes are the responsibility of the recipient.
Reward forfeiture:
- The new business checking account must remain open and in good standing with a balance greater than or equal to 1 cent until the reward is processed to receive the reward.
Reward forfeiture will occur if:
- The business checking account is changed to an account type not included in this client offer,
- The business checking account is closed prior to the reward being processed, or
- The new business checking account has a negative available balance at the time of qualification validation.
Truist reserves the right to deduct the reward amount from the business checking account at the time of closing if the new business checking account is closed by the client or Truist within 180 days after opening.
Other terms:
- Fees may reduce your earnings.
- The offer is nontransferable and may not be combined with any other offers.
- This offer is subject to change and may be discontinued at any time.
Citibank: Earn Up To $2,000 for Signing Up for a New Account
Streamlined Checking Terms
|
Features
|
|
Required Opening Deposit
|
美元1 |
|
Required Balance Minimum
|
None |
|
Transaction Limit Before Fees
|
250, then 45 cents per transaction |
|
ACH Fees
|
None |
|
Monthly Fee
|
美元15; waivable |
|
ATM Fees
|
美元2.50 plus operator fees out-of-network |
|
Cash Deposited
|
Up to $10,000 per month free, then 17 cents for every $100 |
|
APY
|
N/A |
|
Citibank is offering a cash back bonus of up to $2,000 for opening a new business bank account and completing qualifying activities.
To earn the bonus, you must follow these steps:
- Step 1:Open a new Citi Business Analyzed, Streamlined, or Flexible Checking Account between Jan. 5, 2023, and July 12, 2023.
- Step 2:Fund your account within 30 days with a qualifying deposit of $5,000 or more in New-to-Citibank funds.
- Step 3:Maintain your balance for 60 consecutive calendar days.
The size of the bonus depends on the qualifying balance level.
Qualifying Balance Level |
Cash Bonus |
---|---|
美元5,000 |
美元200 |
美元15,000 |
美元500 |
美元25,000 |
美元700 |
美元50,000 |
美元1,000 |
美元100,000 |
美元1,500 |
美元200,000 |
美元2,000 |
Citibank accounts are not available everywhere, so visit Citibank’s website for information. It is available in New York, as it is one of ourbest business banks of New York.
This new Small Business Checking Account Offer (the “Offer”) refers to the limited-time offer (described below) made only to noncustomers of Citibank Retail Business Banking, and current Citibank Retail Business Banking customers who do not currently have, and at any time during the 180 days immediately preceding the date on which they open a new CitiBusiness® (Analyzed), Streamlined or Flexible Checking Account did not have, a Citibank business checking account. The Offer is subject to the Terms and Conditions below:
The Cash Bonus for which you qualify will be credited to your Citibank business checking account within 90 days from the end of the month in which you complete all Offer requirements.
Important requirement:Your new Citibank business checking account must be open and in good standing at the time any Cash Bonus that may be earned as part of the Offer is to be credited to you. Citibank business checking accounts that are inactive, including accounts with a zero balance for over 45 consecutive days, are subject to closure at Citibank’s sole discretion. Any Cash Bonus will be deposited directly to your new Citibank business checking account. To be eligible for the bonus, US persons must furnish a valid IRS Form W-9 (Request for TIN and certification). Foreign persons must furnish a valid IRS Form W-8BEN (Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting (Individuals) or a valid IRS Form W-8BEN-E (Certificate of Beneficial Owner for United States Tax Withholding and Reporting (Entities). Accounts subject to backup withholding are ineligible.
New Small Business Checking Account Offer:To qualify for the Cash Bonus that corresponds to one of the Qualifying Balance Levels set forth in the table below from Jan. 5, 2023, through July 12, 2023, open a CitiBusiness® (Analyzed), Streamlined, or Flexible Checking Account; (2) within the 30 calendar day period immediately following account opening, make one or more deposits1in New-to-Citibank Funds2to your new business checking account, or your new business checking account and a CitiBusiness® Insured Money Market Account (“IMMA”) that in the aggregate meet one of the Qualifying Balance Levels3; and maintain one of the Qualifying Balance Levels in such accounts for 60 consecutive calendar days after the Qualifying Balance Level is met during the initial 30 calendar day funding period. Your Cash Bonus will be based upon the highest Qualifying Balance Level in the new business checking account, or the new business checking account and an IMMAs, that meets the foregoing requirements.
1Funds must be deposited and “available,” as such term is defined in the Bank’s Standard Funds Availability Policy as set forth in the CitiBusiness Client Manual, within such 30-day period.
2“New-to-Citibank Funds” are funds deposited from external accounts or payees other than Citibank, N.A. and must be deposited using domestic ACH transfer, Direct Deposit, checks drawn on banks other than Citibank, N.A. or wire transfer (fees may apply). Cash deposits, Citi Global Transfers, international ACH transfers, and person-to-person transfer services, such as Apple Pay®, PayPal®, Venmo, and Zelle®, do not qualify as New-to-Citibank Funds.
3The Qualifying Balance Level may be maintained in the new business checking account and any new or existing IMMAs provided the TIN for those accounts is identical.
Important tax information:The Cash Bonus will be reported to the IRS as interest, in the year received, as required by applicable law. Bonus payments received by U.S. persons will be reported on IRS Form 1099-INT for the year received. Bonus payments received by foreign persons will be reported on IRS Form 1042-S for the year received. Customer is responsible for any applicable taxes and consulting a tax advisor. Citi is not a tax advisor.
The Offer expires July 12, 2023, is not transferable, and cannot be combined with any other Retail Business Banking checking offer. Speak to your Citibank Business Specialist for details. Limit of one Cash Bonus per customer per Offer. Each independently operated business client with its own unique TIN is a separate customer. This Offer may be modified or withdrawn at any time prior to your opening the related checking account without notice.
M&T Bank: Earn Up To $500 for Signing Up for a New Account
Simple Checking for Business Terms
|
Features
|
|
Required Opening Deposit
|
None listed |
|
Required Balance Minimum
|
None |
|
Transaction Limit Before Fees
|
100, then $1 per transaction |
|
ACH Fees
|
None |
|
Monthly Fee
|
美元10; waivable |
|
ATM Fees
|
美元3 at non-M&T Bank ATMs |
|
Cash Deposited
|
Up to $5,000 per month free, 25 cents per $100 after that |
|
APY
|
N/A |
|
M&T Bank is offering a $500 cash back bonus for new customers who open an M&T Tailored Checking account and perform qualifying activities.
To earn the $500 cash back bonus:
- Step 1:Open a new M&T Tailored Business Checking account between April 1, 2023, and June 30, 2023.
- Step 2:Have at least $5,000 in the average ledger balance in the third full calendar month after the account is opened.
If the account meets those requirements, the bonus will be credited to the account 45 days after the end of the third full calendar month.
- We will credit $500 bonus (the “Checking Bonus”) to a new M&T Tailored Business Checking account opened between April 1, 2023, and June 30, 2023, if the Average Ledger Balance in the account is at least $5,000 in the third full calendar month after the account was opened.
- If the requirements are met and the Account remains open, the Checking Bonus will be credited to the Account within 45 days after the end of the third full calendar month after the account was opened.
- The Checking Bonus is reportable for tax purposes and is not available to employees of M&T Bank or any of its affiliates.
- The Checking Bonus is not available to customers who have had a nonpersonal M&T checking account within the previous 90 days of opening an M&T Tailored Business Checking account.
- Only one Checking Bonus will be awarded per customer regardless of the number of new M&T Tailored Business Checking accounts opened.
- A $50 Account Closure Fee applies if the account is closed within the time period referenced in the Commercial Deposit Account Fee Schedule.
Axos Bank: Earn Up To $200 for Signing Up for a New Account
Business Checking Terms
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Features
|
|
Required Opening Deposit
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None |
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Required Balance Minimum
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None
|
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Transaction Limit Before Fees
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None; up to 60 items per month in remote deposit anywhere |
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Automated Clearing House (ACH) Fees
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None |
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Monthly Fee
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None |
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ATM Fees
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Unlimited domestic ATM fee reimbursement |
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Cash Deposited
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Cash deposits via MoneyPass and Allpoint networks |
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APY
|
N/A |
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Axos Bank is offering bonuses for signing up for a new account and meeting minimum balance requirements. The bonus amount depends on when your business was incorporated and is subject to specific eligibility requirements.
- If your business was incorporated after June 1, 2020, you can get a $200 cash back bonus by using the promo codeNEWBIZ200.
- If your business was incorporated before June 1, 2020, you can get a $100 cash back bonus by using the promo codeNEWAXOSBIZ.
- Application must be submitted before 11:59 p.m. on June 30, 2023, to qualify.
- In the first two months after account opening, the average daily balance of the account must be at least $2,500 to qualify for the bonus.
- Bonus will be deposited into your new account within five business days of your statement cycle date.
- Account must remain open for 180 days or an early closure fee of $50 may apply.
- Must be new funds to receive bonus credit.
- Terms and conditions subject to change without notice.
- Bonus may be taxable and reported on IRS Form 1099-MISC. Consult your tax advisor.
- Bank reserves the right to limit each customer to one new account-related gift incentive per calendar year.
NOTE: “New funds” is defined as funds that did not originate from another Axos Bank brand account
BMO: Earn Up to $500 Cash Back Bonus for Opening a New Account
Digital Business Checking Terms
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Features
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|
Required Opening Deposit
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美元100 |
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Required Balance Minimum
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None |
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Transaction Limit Before Fees
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Unlimited free ACH transactions |
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ACH Fees
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None |
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Monthly Fee
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美元10; waivable |
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ATM Fees
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None at BMO and Allpoint ATMs; $3 out-of-network |
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Cash Deposited
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美元1,000 per month free, then 25 cents per $100 |
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APY
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N/A |
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BMO, formerly known as BMO Harris until the acquisition of Bank of the West, is offering up to $500 cash back if you sign up for a new business checking account. Once you meet the requirements for the bonus, it will be deposited into your account within 14 days.
To see how to qualify for a cash back bonus, click either the $300 or $500 bonus tab below.
How to get a business checking bonus: You can receive either the $300 bonus or the $500 bonus. You can apply online or at a BMO Harris branch. To apply online visit bmo.com/businesscheckingoffer, select Open Now for the checking account of your choice, and we’ll automatically apply the promo code for you. To apply at a branch, visit bmo.com/businesscheckingoffer, enter your information, and select “SEND MY PROMO CODE” to receive the promo code you must use when opening your account.
You are ineligible for the business checking bonus if you have an existing BMO business checking account or, have a closed a BMO business checking account within the past 12 months, using the same taxpayer identification number (TIN)/employer identification number (EIN)/Social Security number as the new account. Bonus will be reported to the IRS for tax purposes, and you are responsible for any applicable taxes. Offer can be changed or canceled without notice at any time, cannot be combined with any other offer, and is limited to one bonus per business entity.
The minimum deposit to open a business checking account is $100. For business checking account and fee information, including current interest rates for the variable rate BMO Elite Business Checking account, visit bmoharris.com or call (800) 546-6101.
To receive the $300 checking bonus:
1) Open a new BMO Digital Business Checking, BMO Simple Business Checking, BMO Premium Business Checking, or BMO Elite Business Checking account between May 15, 2023 and September 15, 2023.
2) On Day 120 after account opening, your Average Collected Balance over the 120 days must be at least $4,000. The Average Collected Balance is calculated by adding the Collected Balance in the Account for each day of the 120 days and dividing that figure by 120.
3) Have at least ten (10) electronic transactions post to the account within 120 days of account opening. Electronic transactions can be any combination of: ACH credits or debits, real-time payments, online bill payments, mobile deposits, wire transfers or debit card POS purchase transactions. ATM transactions and POS credits do not qualify as electronic transactions.
To receive the $500 checking bonus:
1) Open a new BMO Digital Business Checking, BMO Simple Business Checking, BMO Premium Business Checking, or BMO Elite Business Checking account between May 15, 2023 and September 15, 2023.
2) On Day 120 after account opening, your Average Collected Balance over the 120 days must be at least $10,000. The Average Collected Balance is calculated by adding the Collected Balance in the Account for each day of the 120 days and dividing that figure by 120.
3) Have at least ten (10) electronic transactions post to the account within 120 days of account opening. Electronic transactions can be any combination of: ACH credits or debits, real-time payments, online bill payments, mobile deposits, wire transfers or debit card POS purchase transactions. ATM transactions and POS credits do not qualify as electronic transactions.
You are only eligible for one business checking bonus. Day 1 is the day you open your account and begins the tracking period. If you open your account on a day other than a Business Day, Day 1 is the next Business Day. The bonus you qualify for will be deposited into the new checking account within 14 days of meeting the respective promotion requirements stated above, approximately Day 135.
获得奖金,你必须满足相关的criteria for the respective offer mentioned above, your checking account must be in an open status and in good standing with a balance greater than zero on the day of payment, and you must have either a BMO Digital Business Checking, BMO Simple Business Checking, BMO Premium Business Checking, or BMO Elite Business Checking account.
California Bank & Trust: Earn $250 Cash Back Bonus For Opening a New Account
Business Inspire Checking Terms
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Features
|
|
Required Opening Deposit
|
美元50 |
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Required Balance Minimum
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None |
|
Transaction Limit Before Fees
|
50, then 45 cents per transaction |
|
ACH Fees
|
None |
|
Monthly Fee
|
美元10; waivable |
|
ATM Fees
|
Free at CB&T & Zions Bancorporation N.A. ATMs; $2.50 out-of-network |
|
Cash Deposited
|
美元3,000 per month free, then 20 cents per $100 |
|
APY
|
N/A |
|
You can earn a $250 cash back bonus with California Bank & Trust by opening a new business checking account and completing qualifying activities. To earn the $250 cash back bonus, you should:
- Be a new CB&T customer
- Open a new CB&T business checking account between April 1, 2023, and Dec. 31, 2023
- 平均至少分类帐/电流平衡吗the third full calendar month after opening of $10,000
- Perform at least 10 incoming or outgoing transactions, which can include ACH credit, bill pay, checks paid, debit card and wire transfers
If you complete these activities, the $250 bonus will be deposited to your account within 60 days of completion.
- Offer available to new Business Inspire, Business Growth, Business Connect, Community Checking, and Business Interest checking accounts opened with new money between April 1, 2023, and Dec. 31, 2023
- Minimum opening deposit of $50 required
- To receive the cash bonus, the account must be a Business Inspire, Business Growth, Business Connect, Community Checking, or Business Interest checking account and have at least an average ledger/current balance in the third full calendar month after account opening of $10,000 and perform 10 of any of the following transaction types by completion of the third full calendar month after the account opening: ACH Credit, Bill Pay, Checks Paid, Debit Card, and Wires (Incoming/Outgoing). There may be a fee associated with these transactions
- Bonus of $250 will be deposited into an open checking account within 60 days of completion of qualifications and is limited to one (1) bonus payment per customer TIN
- All tax liabilities, if any, associated with the benefits are the responsibility of the recipient, and the recipient may receive an IRS tax reporting statement that includes the approximate retail value of the benefits; if tax documentation including a valid W-9 or W-8 is not completed, the prize may be forfeited
- Offer is not available to existing CB&T business checking customers, public agencies, PACs, fiduciary accounts, or campaign accounts
- Existing/returning customers must have a period of 12 months without an open CB&T business checking account
- Offer subject to change at any time
- Please refer to the Deposit Account Agreement, Account Disclosure, Business Banking Deposit Rate Sheet, and the Service Charge Information Schedule or speak with a banker for more details
Frequently Asked Questions (FAQs)
What banks give the best account opening bonuses?
The bank that gives the best account opening bonus is Citibank. If you meet certain qualifications, you can get up to $2,000 cash back for opening a business checking account.
Which bank offers the best business bank account?
Bank of America offers thebest small business checking accounton the market with waivable monthly fees and scalable banking features that can grow with your business.
Which bank is best for a small business?
Thanks to its excellent business checking accounts, full-service banking, outstanding lending products, merchant services and investing advice, Chase is the overallbest business bank for small business.
Bottom Line
All the providers on this list offer great benefits for打开一个业务的银行账户. Before you choose an institution, check out our list of thebest small business checking accountsand compare account offerings. Choose one that not only provides a great account opening bonus but also has benefits that can help your business in the long term. Be sure to check out this article regularly for the latest business bank account promotions and offers.