Best Business Bank Account Promotions (February 2021)

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. Citibank Checking Account – up to $2,000
  3. PNC Business Checking – $200 or $500
  4. SunTrust Business Checking – $200
  5. M&T Bank – up to $800
  6. Huntington Business Checking 100 — $200, $400, or $750
    1. Huntington Business Checking 100 — $200
    2. Huntington Unlimited Business Checking — $400
    3. Huntington Unlimited Plus Business Checking — $750
  7. BB&T Business Checking Account – $200
  8. First Horizon BizEssentials — up to $450
  9. BMO Harris Business Checking Offers
    1. Essential Business Checking — $200
    2. Business Advantage Checking — $500
  10. 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 20 business days of account opening,
  • Maintain a $2,000 balance for 60 days,
  • Complete five qualifying transactions within 60 days – debit card purchases, Chase QuickDeposit, ACH (credits), and wires (credits and debits)

Citibank Checking Account – up to $2,000

I received a mailer recently that shared a promotion for a new small business checking account offer from Citibank. 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-Citibank 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 Citibank 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. Click here to see a photo of the letter.

Offer expires March 31st, 2021.

PNC Business Checking – $200 or $500

Open a PNC Business Checking 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.

(Offer expires 3/31/2021)

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.

(Offer expires 3/31/2021)

M&T Bank – up to $800

M&T Bank Logo

M&T Bank has a bonus offer that is worth up to $800.

M&T Bank will give you $400 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 $400 if you open an M&T Merchant Services account and process $20 in merchant transactions within a calendar month no later than 6/30/2021 to get the first $200. If the merchant processes at least $4,000 in merchant transactions within a calendar month (also by 6/30/2021), they get an additional $200 for a total of $400.

(Offer expires 3/15/2021)

Huntington Business Checking 100 — $200, $400, or $750

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

Huntington Business Checking 100 — $200

Open a Huntington Business Checking 100, deposit $2,000 into your account within 60 days of opening, and keep it open for 90 days and you’ll get $200. The account offers 100 monthly transactions, no monthly maintenance fees, and you can deposit $5,000 in cash or currency in each month without additional fees.

Huntington Unlimited Business Checking — $400

Open a Huntington Unlimited Business Checking, deposit $5,000 into your account within 60 days of opening, and keep it open for 90 days and you’ll get $400. The account offers unlimited monthly transactions, a $20 monthly maintenance fee (waived during Covid-19), and you can deposit $10,000 in cash or currency in each month without additional fees.

Huntington Unlimited Plus Business Checking — $750

Open a Huntington Unlimited Plus Business Checking, deposit $20,000 into your account within 60 days of opening, and keep it open for 90 days and you’ll get $750. The account offers unlimited monthly transactions, earns interest, a $40 monthly maintenance fee (waived during Covid-19), and you can deposit $25,000 in cash or currency in each month without additional fees.

(Offer expires 4/7/2021)

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.

(No expiration date shown)

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 expires 3/31/2021)

BMO Harris Business Checking Offers

Essential Business Checking — $200

BMO Harris has a promotion where you can get $200 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 .

(Offer expires 4/30/2021)

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 .

(Offer expires 4/30/2021)

Expired Offers

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

Axos Basic Business — $100

Axos Bank has a $100 welcome bonus offer for new business incorporated after June 1, 2020. Just open an account and use the promo code EARN100 with a minimum opening deposit of $1,000 and the bonus is yours. You get your first set of 50 checks free and you can deposit up to 200 items per month (debits, credits, or deposited items) free.

(Offer expired 12/31/2020)

Bank of America – $200 [EXPIRED]

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
(Offer expires 11/30/2020)

Wells Fargo – $200 [EXPIRED]

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)

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

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Jim Wang

About Jim Wang

Jim Wang is a thirty-something father of three 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 a farm in Illinois via AcreTrader.

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