Best Business Bank Account Promotions for October 2022

When I started my business, I wasn’t very tactical about picking a bank. I just chose one.

In the years since, I’ve realized there is a big difference among banks. They will compete hard for your business, to the tune of hundreds of dollars, and if all else is equal… you might as well take the cash!

Before we get into the different business bank account promotions, it’s important to understand your business needs first. Each business is different but you will need features in an account that will potentially cost money. You want to compare apples to apples when it comes to these accounts because the bonus money is a very small piece.

For example, if you have a cash-heavy business that will require you to make large cash deposits – different accounts charge different amounts. A bank account that will take $20,000 in cash deposits each statement cycle for free will be cheaper than one that takes $10,000 and charges you fees on any amount over it. If you don’t deal with a lot of cash but have many transactions, that’s a consideration.

Be sure to compare the other factors first, before thinking about the money. It’s silly to take a $200 promotion only to pay it back in fees over the next six months or a year.

With that caveat out of the way, let’s see these business checking account promotions!

These are promotions for businesses. If you are not a business, we list the best promotional offers for personal checking account here.

Table of Contents
  1. Chase Business Complete BankingSM — $300
  2. Axos Basic Business — $200
  3. Huntington Business Checking — $200, $400, or $750
    1. Business Checking 100 – $100
    2. Unlimited Business Checking – $400
    3. Unlimited Plus Business Checking – $750
  4. PNC Business Checking – $200 or $500
  5. American Express Business Checking – $300
  6. Citi® Small Business Checking Account – up to $2,000
  7. Bank of America Business Advantage Banking – $500
  8. U.S. Bank Business Checking – $300
  9. SunTrust Business Checking – $200
  10. M&T Bank – up to $600
  11. Fulton Bank Small Business Checking — $300
  12. BMO Harris Business Checking Offers
    1. Essential Business Checking — up to $400
    2. Business Advantage Checking — $500
  13. Expired Offers

Chase Business Complete BankingSM — $300

If you open a new Chase Business Complete BankingSM and satisfy some qualifying activities, Chase will give you $300 when you:

  • Deposit a total of $2,000 in NEW money within 30 business days of account opening,
  • Maintain a $2,000 balance for 60 days,
  • Complete five qualifying transactions within 90 days – debit card purchases, Chase QuickDepositSM, ACH (credits), and wires (credits and debits)

Learn more about Chase Business Complete BankingSM

Axos Basic Business — $200

Axos Bank has a $200 welcome bonus offer.

Just open an account and use the promo code NEWBIZ200 and have an average daily balance of $2,500 in the first three months after account opening.

There are no monthly maintenance fees, no minimum balance requirements, and no minimum opening deposit. You get your first set of 50 checks free and you can deposit up to 60 items per month for Remote Deposit Anywhere. Also, unlimited item processing ((debits, credits, or deposited items).

Learn more about Axos Basic Business

Huntington Business Checking — $200, $400, or $750

Huntington Bank has three business checking offers based on the size of your business:

Business Checking 100 – $100

If you have a relatively new business, need to get a business checking account, and have $2,000 in cash to deposit – Huntington Bank will give you $100 cash to open up a Business Checking 100 account.

Here are the official disclosures:

  • To be eligible for the $100 cash bonus, business customer must open a new Huntington Business Checking 100, Unlimited Business, Unlimited Plus Business, Business Analyzed, Business Non Profit Analyzed, or Business Non Profit Interest Checking account by March 7, 2022 then make a minimum cumulative new money deposit into the new checking account of at least $2,000 within 60 days of account opening.
  • “New money” is defined as money that is not currently on deposit in any Huntington account (except maturing business 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.
  • Your $100 bonus will be deposited into your new checking account within 14 days of meeting the above requirements. Your business checking account must remain in an 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, are not eligible. Public Fund/Government Banking dollars and Brokers are not eligible for this offer.
  • Cash bonus does not count towards 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. Huntington reserves the right to limit an individual business owner with multiple businesses to one account-related gift incentive per rolling 12-month period across all deposit account relationships.

Learn more about this offer

Unlimited Business Checking – $400

You can get $400 when you open an Unlimited Business Checking account and deposit $5,000 within the first sixty days. They’ll deposit $400 into your account once the account has been open for 90 days. That’s it – the bonus requirements are very simple.

Here are the official disclosures:

  • To be eligible for the $400 cash bonus, business customer must open a new Huntington Unlimited Business, Unlimited Plus Business, Business Analyzed, Business Non Profit Analyzed, or Business Non Profit Interest Checking account by March 7, 2022, then make a minimum cumulative new money deposit into the new checking account of at least $5,000 within 60 days of account opening.
  • “New money” is defined as money that is not currently on deposit in any Huntington account (except maturing business 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.
  • Your $400 bonus will be deposited into your new checking account within 14 days of meeting the above requirements. Your business checking account must remain in an 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, are not eligible. Public Fund/Government Banking dollars and Brokers are not eligible for this offer.
  • Cash bonus does not count towards 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. Huntington reserves the right to limit an individual business owner with multiple businesses to one account related gift incentive per rolling 12-month period across all deposit account relationships.

Learn more about this offer

Unlimited Plus Business Checking – $750

You can get $750 when you open an Unlimited Plus Business Checking account and deposit $20,000 within the first sixty days. After 90 days, they’ll award the bonus. You can avoid the $40 per month maintenance fee if you have $50,000 in combined deposit relationship balances.# The financial requirements are slightly higher than the previous offer but the bonus is nearly double.

Here are the official disclosures:

  • To be eligible for the $750 cash bonus, business customer must open a new Huntington Unlimited Plus Business, Business Analyzed or Business Non Profit Analyzed Checking by March 7, 2022, then make a minimum cumulative new money deposit into the new checking account of at least $20,000 within 60 days of account opening.
  • “New money” is defined as money that is not currently on deposit in any Huntington account (except maturing business 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.
  • Your $750 bonus will be deposited into your new checking account within 14 days of meeting the above requirements. Your business checking account must remain in an 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, are not eligible. Public Fund/Government Banking dollars and Brokers are not eligible for this offer.
  • Cash bonus does not count towards 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. Huntington reserves the right to limit an individual business owner with multiple businesses to one account related gift incentive per rolling 12-month period across all deposit account relationships.

# The business can avoid the monthly checking maintenance fee ($20.00 for Unlimited Business Checking and $40.00 for Unlimited Plus Business Checking) for any statement period on this checking account when the business keeps a total deposit relationship balance of at least $10,000 for the Unlimited Business Checking account and $50,000 for the Unlimited Plus Business Checking account in a combination of deposits held directly by us. Eligible deposits are this checking account and any other checking, money market, savings, or certificate of deposit (CD) account(s) owned by the business, but deposits owned by separate legal entities (even those that share EINs or TINs) are not eligible. We figure the total relationship deposit balance each month by adding the average daily balance for all eligible deposit account balances of the business for the applicable statement period. We calculate the average daily balance by totaling the balances in your account from the end of each day in the applicable statement period and dividing that amount by the number of days in that period. However, for new accounts or closed accounts, we only count the number of days that the account was open during the applicable statement period for purposes of determining the average daily balance.

Learn more about this offer

(Offer expires 3/7/2022)

PNC Business Checking – $200 or $500

Open a PNC Business Checking or Business Checking Plus account and you can get a $200 cash reward. You only need $100 to open an account and:

  • Maintain a minimum average cycle balance of $5,000 for each of the first three statement cycles,
  • Make at least 20 total qualifying PNC Bank Visa Debit Card transactions within the first three statement cycles.

There is a $10 monthly maintenance fee that you can avoid if you have $500 average monthly collected balance, use a linked PNC business credit card to make $500 in purchases, or maintain a PNC Merchant Services account and process at least $500 in qualifying monthly processing deposits. It’s pretty easy.

If you have higher needs, the Treasury Enterprise Plan and Analysis Business Checking accounts will give you a $500 cash reward but they both require a minimum balance of $30,000 for the first three statement cycles.

Learn more about this offer

(Offer expires 3/31/2022)

American Express Business Checking – $300

American Express is offering a bonus on their American Express Business Checking account when you:

  • Deposit $5,000 within 10 days of opening your account, AND
  • Maintain an average account balance of $5,000 for 60 days, AND
  • Make 10 or more qualifying transactions  within 60 days of opening your account.

Qualifying transactions include mobile deposits, and electronic/online transactions including ACH, Wire, and Bill Payments.

This account also offers 1.1% APY on balances up to $500,000 and has no monthly maintenance fees.

Learn more about this offer

(No expiration listed)

Citi® Small Business Checking Account – up to $2,000

I received a mailer recently that shared a promotion for a new small business checking account offer from Citi®. Open a CitiBusiness (Analyzed), Streamlined, or Flexible Checking Account and deposit money within 30 calendar days following the open. The bonus is based on how much in new-to-Citi funds you deposit:

  • Deposit $5,000 to $14,999 – get $200 bonus
  • Deposit $15,000 to $24,999 – get $500 bonus
  • Deposit $25,000 to $49,999 – get $700 bonus
  • Deposit $50,000 to $99,999 – get $1,000 bonus
  • Deposit $100,000 to $199,999 – get $1,500 bonus
  • Deposit $200,000 or more – get $2,000 bonus

Maintain that balance level for 60 consecutive days and you will get the bonus. Only those customers that haven’t had a Citi® business checking account within the last 180 days will qualify. Bonus will be issued a 1099-INT.

There is no offer code, just go to the branch and ask them about it or call 877-528-0990.

Learn more about this offer

(Offer expires 7/5/2022)

Bank of America Business Advantage Banking – $500

Bank of America will give you a large cash bonus when you make large qualifying deposits within 15 days of opening the checking account. These must be funds that is not currently or previously been held at an account at Bank of America or Merrill.

You get $500 when you make $20,000 in qualifying deposits within 15 days of opening the account.

You must then maintain that minimum average balance for the next 60 days (days 16 through 75) and you will get the bonus.

There are two accounts that qualify – the Business Advantage Fundamentals Banking and Business Advantage Relationship Banking. There are monthly fees but there are ways to get it waived.

Learn more about this offer

(Offer expires 7/31/2022)

U.S. Bank Business Checking – $300

U.S. Bank has a $300 bonus offer when you open a new Silver, Gold or Platinum Business Checking Account with the promo code Q1BUS22 and:

  • Deposit $5,000 within 30 days of opening the account and maintain that for at least 60 days,
  • Enroll in their U.S. Bank Mobile App or U.S. Bank Online Banking within 60 days of opening the account.

You can open an account with just $100 and the $5,000 has to be new to U.S. Bank money but can come from any kind of deposit.

Learn more about this offer

(Offer expires 4/29/2022)

SunTrust Business Checking – $200

SunTrust (now Truist) has a $200 checking bonus when you open a new SunTrust Business Checking Account.

Open a Simple Business Checking, Primary Business Checking or SunTrust Business Advantage Plus account online or inside a branch then make cumulative qualifying deposits of $1,500 or more within 30 days.

Check the terms of each account type for the features that meet your business needs. For example, the Business Advantage Plus requires a $20,000 minimum daily collected balance and includes 500 transactions and $10,000 cash processing included.

Learn more about this offer

(Offer expires 9/30/2021)

M&T Bank – up to $600

M&T Bank Logo

M&T Bank has a bonus offer that is worth up to $600.

M&T Bank will give you $300 when you open a Tailored Business Checking account and have an average ledger balance of at least $5,000 for the 3rd full calendar month after you open the account. That’s the only requirement and your bonus is credited within 45 days of the end of that month.

You can get up to an additional $300 if you open an M&T Merchant Services account and process $20 in merchant transactions within a calendar month no later than 9/30/2021 to get the first $200. If the merchant processes at least $4,000 in merchant transactions within a calendar month (also by 9/30/2021), they get an additional $100 for a total of $300.

Learn more about this offer

(Offer expires 3/1/2022)

Fulton Bank Small Business Checking — $300

The link below has been taken offline but word is you can still get this offer if you go into a branch and ask.

Fulton Bank is a regional bank that is available to residents of Delaware, Maryland, New Jersey, Pennsylvania, Virginia, and Washington D.C – they have a small business checking product that sports a $300 bonus with a few requirements to reach the bonus:

  • Deposit at least $2,000 in new money into the account within 30 days of opening,
  • Have a minimum $2,000 balance in your account on day 60 after the account is opened,
  • Complete at least 10 business debit card purchases within 60 days of account opening with a minimum of $10 per transaction

If you are a sole proprietor, you can open the account online. If you aren’t, you need to request a coupon and open at a financial center (presumably to check your documents).

The basic business checking account has no monthly maintenance fee, no minimum daily balance, and allowed 200 processed items before you pay.

Learn more about this offer

(Offer expires 11/30/2021)

BMO Harris Business Checking Offers

Essential Business Checking — up to $400

BMO Harris has a promotion where you can get up to $400 when you open a new Essential Business Checking account. Then, deposit at least $1,500 within 30 days of account opening to start the process. Once your balance is above $1,500, you must keep it above that amount for the next 90 days. Finally, you need at least 10 electronic transactions (ACH credits or debits, online bill payments, mobile deposits, wire transfers or debit card POS purchase transactions) to post to the account within 90 days of opening the account. Once you satisfy those conditions, the bonus money is yours.

No direct deposit requirement, as this is a business checking account. Available to residents of AZ, FL, IL, IN, KS, MO, MN and WI.

Learn more about this offer

(Offer expires 4/29/2022)

Business Advantage Checking — $500

There is a promotion where you can get $500 when you open a new Business Advantage Checking account. Then, deposit at least $5,000 within 30 days of account opening to start the process. Once your balance is above $5,000, you must keep it above that amount for the next 90 days. Finally, you need at least 10 electronic transactions (ACH credits or debits, online bill payments, mobile deposits, wire transfers or debit card POS purchase transactions) to post to the account within 90 days of opening the account. Once you satisfy those conditions, the bonus money is yours.

No direct deposit requirement, as this is a business checking account. Available to residents of AZ, FL, IL, IN, KS, MO, MN and WI.

Learn more about this offer

(Offer expires 1/31/2022)

Expired Offers

These offers have expired but we keep them on the list so you know what their last offer was.

BB&T Business Checking Account – $200

BB&T, which is now known as Truist Bank after a merger with SunTrust, is still offering a $200 cash bonus on a Business Value 200, Business Value 500, or Commercial Suite Checking account.

To get the bonus, you just need to maintain a balance of $1,500 or more at 30 days from account opening. No other requirements are listed.

The mailer lists a promotion code – BCDFZ – but when you click through the link it’s automatically populated in the “Optional promotional code” field.

Learn more about this offer

Bank of America – $200

Bank of America Logo

Get $200 if you open a Business Fundamentals Checking or a Business Advantage Checking. Each has a monthly maintenance fee but can be avoided fairly easily.

On the Business Fundamentals Checking account, the $15/month fee can be avoided if you do one of the following:

  • Spend $250 in net new purchases on a business debit or credit card, or,
  • Maintain an average monthly balance of $5,000 or more, or,
  • Maintain a minimum daily balance of $3,000, or,
  • Maintain a combined average monthly balance of $15,000 or more in linked Bank of America accounts.

For the Business Advantage Checking account, the $29.95/mo fee can be avoided if you do one of the following:

  • Spend $2500 in net new purchases on a business debit or credit card, or,
  • Maintain an average monthly balance of $15,000 or more, or,
  • Maintain a combined average monthly balance of $35,000 or more in linked Bank of America accounts, or,
  • Actively use BoA Merchant Services and/or Payroll Services.

Learn more about Bank of America
(Offer expired 3/31/2018)

M&T Tailored Business Checking Account — up to $300

M&T Bank offers up to $300 when you open an M&T Tailored Business Checking accountafter you follow a few simple qualifications. You get $300 deposited into your checking account once your Average Ledge Balance is at least $5,000 for the third full calendar month after you open the account. (one key restriction, if you have a personal account at M&T Bank then you aren’t eligible)

Learn more about this offer
(Offer expires 11/30/2020)

Wells Fargo – $200

Wells Fargo Business Choice and Platinum Business Checking are offering a $300 bonus if you open an account by the deadline. You will need to submit your information to get an email with a bonus offer code. Take the code to a branch to open one of those accounts and make a deposit ($25), then you just need to:

  • Deposit $1,000+ into that new account by Day 10, and,
  • Have a $1,000 minimum balance in your account on Day 60, and
  • Make 5+ qualifying transactions by Day 60.

Each account has fees you can avoid by meeting certain (fairly easy) requirements. Check the terms for full details.

Learn more about Wells Fargo
(Offer expired 3/30/2018)

First Horizon BizEssentials — up to $450

First Horizon has a two-tiered offer of $300 cash for opening a BizEssentials Checking Account plus another $150 Visa gift card when you open a BizEssentials Savings account.

The BizEssentials Checking account offers 250 free transactions a month and the $15 monthly service charge is waived if you have a $5,000 daily balance. The savings account has no monthly fee and there’s an automatic sweep feature that can help you earn a bit of interest.

(Offer expired 3/31/2021)

We will keep this list updated on a regular basis with the best offers out there.

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About Jim Wang

Jim Wang is a forty-something father of four who is a frequent contributor to Forbes and Vanguard's Blog. He has also been fortunate to have appeared in the New York Times, Baltimore Sun, Entrepreneur, and Marketplace Money.

Jim has a B.S. in Computer Science and Economics from Carnegie Mellon University, an M.S. in Information Technology - Software Engineering from Carnegie Mellon University, as well as a Masters in Business Administration from Johns Hopkins University. His approach to personal finance is that of an engineer, breaking down complex subjects into bite-sized easily understood concepts that you can use in your daily life.

One of his favorite tools (here's my treasure chest of tools,, everything I use) is Personal Capital, which enables him to manage his finances in just 15-minutes each month. They also offer financial planning, such as a Retirement Planning Tool that can tell you if you're on track to retire when you want. It's free.

He is also diversifying his investment portfolio by adding a little bit of real estate. But not rental homes, because he doesn't want a second job, it's diversified small investments in a few commercial properties and farms in Illinois, Louisiana, and California through AcreTrader.

Recently, he's invested in a few pieces of art on Masterworks too.

>> Read more articles by Jim

Opinions expressed here are the author's alone, not those of any bank or financial institution. This content has not been reviewed, approved or otherwise endorsed by any of these entities.

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