Best Business Bank Account Bonuses And Promotions Of May 2024

The Truist Business Checking account offers a generous $400 bonus for customers who open a new Truist Simple Business Checking or Truist Dynamic Business Checking account and make at least $1,500 in qualifying deposits within 30 days.

This promotion is available both online and in-branch, making it convenient for business owners to take advantage of. The biggest downside is that Truist limits the number of free transactions you can make per month with business checking accounts. Some other banks—including Huntington Bank and Capital One—offer business accounts that support unlimited transactions.

• Truist Simple Business Checking includes 50 free transactions and $2,000 in monthly cash processing. There is no monthly fee.
• Truist Dynamic Business Checking includes 500 free transactions and $25,000 in monthly cash processing. The $20 monthly fee is dropped when you keep at least $5,000 in linked Truist accounts.

Read our full Truist Business Checking Review.

This offer expired on June 27, 2024. You must use code SB24Q2CHECKING when opening your account online and make qualifying deposits of $1,500 or more to qualify. Truist’s Simple Checking account does not have a monthly fee. Its Dynamic Checking account has a $20 monthly fee that’s waived when you maintain a $5,000 minimum in combined average relationship ledger balances.

The U.S. Bank Business Checking account offers a lucrative promotion for new customers who open an account using the promo code Q2AFL24. With the potential to earn up to $800, this promotion allows small business owners to earn extra cash while banking with a reputable institution.

To qualify for the bonus, customers must deposit funds within 30 days of account opening and maintain that balance for 60 days. Additionally, customers must enroll in online banking or the mobile app within 60 days of account opening.

The bonus amount is determined by the total amount you deposit:

• Earn a $400 business checking account bonus for deposits of $5,000
• Earn a $800 business checking account bonus for deposits of $25,000

U.S. Bank has three packages for business checking customers:

• Silver Business Checking Account Package includes 125 free transactions a month with no monthly fee.
• Gold Business Checking Account Package includes 300 free transactions a month for a $20 monthly fee.
• Platinum Business Checking Account Package includes 500 free transactions a month for a $30 monthly fee.

Read our full U.S. Bank Silver Business Checking Review.

This offer expires on August 30, 2024. You must use code Q2AFL24 when opening your account online to qualify. U.S. Bank’s Silver Business package does not have a monthly fee.

The U.S. Bank Gold Business Checking Account Package has a $20 fee that’s waived if you meet any of the following requirements:

• Enroll in U.S. Bank Payment Solutions Merchant Banking
• Have a $10,000 average collected balance (i.e., funds deposited into the account during the month)
• Have $20,000 in combined average collected business deposit balances across accounts
• Have $50,000 in average combined collected business deposits and outstanding credit balances

The U.S. Bank Platinum Business Checking Account Package has a $30 fee that’s waived if you meet either of the following:

• Have a $25,000 average collected balance
• Have $75,000 in average collected business deposits and outstanding credit balances during the month

See the full list of U.S. Bank bonuses and promotions.

PNC is currently offering small business owners a $200 and $500 promotion when they open a new business checking account and meet specific qualifications.

To qualify for the $200 business checking account bonus, customers must open a new PNC Business Checking or PNC Business Checking Plus account and maintain a $5,000 minimum average balance and make at least 20 qualifying PNC Bank debit card transactions—all within the first three months of account opening.

To qualify for the $500 business account bonus, customers must open a new PNC Treasury Enterprise Plan or PNC Analysis Business Checking account and maintain a $30,000 minimum average balance within the first three months of account opening. There is no debit card transaction requirement to qualify for this offer.

All PNC business checking and treasury accounts have monthly fees that can be waived when you meet certain criteria, such as carrying a minimum balance or having a linked account. Additionally, all accounts have monthly transaction limits.

This includes the PNC Bank Business Checking account, which allows 150 free transactions and $5,000 in cash deposits per month. It also has a $12 monthly fee.

Read our full PNC Bank Business Checking Review.

This offer expires on June 30, 2024. Your business must earn less than $5 million in annual revenue to qualify. PNC’s Business Checking account has a $100 minimum opening deposit and a $12 monthly fee that’s waived if you meet one of the following:

• Maintain a $5,000 average ledger balance for the first three statement cycles
• Make at least 200 in purchases with a linked PNC business credit card within the first three statement cycles
• The account must be open in order to receive the reward

See the full list of PNC Bank bonuses and promotions.

Citi’s Business Checking bonus is worth up to $2,000, making it the largest bonus on our list. However, exact Citi promotions vary by ZIP code and may not be offered in your area. (We used the New York ZIP code 10001 for the details below.)

You must open a Citi Business Checking account and deposit at least $300,000 within 20 days of account opening and maintain that balance for 60 more days to earn a $2,000 bonus.

Funds must be new to Citibank. CIti Analyzed, Streamline and Flexible Checking accounts qualify for the promotion. These accounts have monthly fees ranging from $15 to $30.

If you don’t have $200,000 to deposit, you can earn a smaller Citi bank bonus offer with these deposit amounts:

• Get $2,000 when you deposit $200,000+
• Get $1,500 when you deposit $100,000 to $199,999
• Get $750 when you deposit $20,000 to $99,999
• Get $300 when you deposit $5,000 to $19,999

Read our full Citi Business Checking Review.

This offer expires on July 8, 2024. You must deposit new-to-Citibank funds to qualify. Citi business checking accounts have the following monthly fees:

• CitiBusiness® Streamlined Checking Account has a $15 monthly fee that’s waived with a $5,000 minimum monthly balance.
• CitiBusiness® Flexible Checking Account has a $22, $25 or $30, depending on your state that’s waived with a $10,000 minimum monthly balance.
• CitiBusiness® Analyzed Checking Account has a $24 monthly fee that can’t be waived, but you can offset the fee by earning credits.
• CitiBusiness® Interest Checking has a $22, $25 or $30, depending on the state that’s waived with a $10,000 minimum monthly balance.

See the full list of Citibank bonuses and promotions.

The Chase Business Complete Banking® account currently offers a $300 bonus to new customers who make a minimum deposit of new money within 30 days of opening and maintain that balance for 60 days after opening.

Additionally, customers must make five qualifying transactions within 90 days of account opening. This includes debit card purchases, Chase QuickAccept deposits, ACH deposits and wire transfers.

The Chase Business Complete Checking account is an excellent option for small business owners looking to earn extra cash while managing their finances. Although it has a $15 monthly fee, there are five ways to avoid it.

Read our full Chase Business Complete Banking Review.

These offers expire July 22, 2024. Chase’s Business Complete Checking account has a $15 fee that’s waived if you meet one of the following:

• Maintain a $2,000 minimum daily balance
• Make $2,000 in purchases with a Chase Ink Business credit card
• Receive $2,000 in deposits through QuickAccept or other eligible Chase Payment Solutions transactions
• Link a Chase Private Client account
• Provide proof of military service as a veteran or active-duty member

See the full list of Chase bonuses and promotions.

The Axos Bank Basic Business Checking account offers a decent promotion for new business customers. Get up to $400 when you maintain at least a $50,000 daily balance in your account. You must include the promo code NEW400 on your application to qualify.

With no monthly maintenance fees, the Axos Bank Basic Business Checking account is a great option for small business owners looking for the best business checking account bonus. The account also comes with convenient features like unlimited ATM reimbursements, two monthly wire reimbursements, free checks and mobile banking.

Read our full Axos Bank Business Checking Review.

This offer expires on June 30, 2024. You must use code NEW400 to qualify for the bonus. To earn the full bonus, maintain your account balance for five full statement cycles. You’ll earn $75 per cycle for balances between $25,000 and $49,999.99, and $100 per cycle for balances of $50,000 or more. You must also have ten monthly point-of-sale transactions at a minimum of $3 per transaction. You also must have bill pay set up at a minimum transaction of $10. The Axos Basic Business Checking account does not have a monthly fee. There’s up to a $400 fee if you close your account within 150 days of opening.