- Last updated September 2024
Best Business Checking Promotions Of September 2024
Compare 2024's business checking promotions in one place
✓ Low monthly fees & overdraft fees
✓ Easy 24/7 mobile access
✓ Unlimited transactions
9.7
U.S. Bank
Top business checking bonus
Limited time: Get $800 sign-up bonus
- Up To An $800 Bonus. Welcome bonus for new customers (terms apply)
- Bank in-person, online or in-app
Top business checking bonus
Apply in 3 minutes
Limited time: Get $800 sign-up bonus
- Apply in 3 minutes
9.4
Chase
Get a limited-time $300 sign up bonus
- 16,000 ATMs and 4,700 branches nationwide
- No minimum deposit required
- Unlimited fee-free electronic transactions
9.3
Axos Bank
Business owners get up to $400 welcome bonus*
- No initial deposit requirement
- No monthly maintenance fees
- Unlimited domestic ATM fee reimbursements
9.2
Mercury
Get $300 when you deposit $10,000+
- FDIC insurance of up to $5 million when opting into sweep networks
- Earn up to 5.39% yield on idle cash with treasury
- No monthly fees
250,000+ people
have chosen a new account using SmartWealthTrends!
Our Ratings:
The rating system for the best business checking accounts consists of a combination of the following 3 components:
We evaluate the monthly maintenance fees, transaction fees, and the ease of fee waivers to ensure cost-effectiveness for businesses.
The quality and availability of customer support services provided by the bank. Higher ratings are given to banks with 24/7 support and high customer satisfaction.
We recommend accounts from reputable banks with strong financial stability and positive reviews from business customers.
How We Picked These Business Checking Promotions
Fees and Account Requirements: We prioritized accounts with low or no monthly maintenance fees and straightforward ways to waive these fees. We also considered transaction fees, cash deposit fees, and wire transfer fees to ensure they are reasonable and transparent.
Accessibility and Convenience: We evaluated the ease of accessing accounts through online and mobile banking platforms. This includes features like mobile check deposits, online bill pay, and a wide network of ATMs and physical branches to facilitate easy day-to-day operations.
Additional Features and Services: We looked at the availability of business-specific features such as business debit and credit cards, rewards programs, and integration with accounting tools. We also considered the potential for additional services like business loans and lines of credit, which can be crucial for future business growth.
Customer Support: We rated the quality of customer service, including the availability of support through various channels (phone, email, chat) and overall customer satisfaction. Reliable customer support is essential for addressing business needs promptly and efficiently.
Bank Reputation: We considered the bank's overall reputation, including its financial stability and customer reviews. We recommend accounts from banks that are well-regarded in the business community and have a track record of providing reliable and trustworthy services.
What Business Promotion Account Should You Choose?
How to Choose the Right Business Checking Promotion?
Your Business Needs: Evaluate what your business requires from a checking account. Consider factors such as the volume of transactions, the need for cash deposits, and the frequency of wire transfers. Ensure the account can handle your business’s operational needs without incurring excessive fees.
Account Usage: Think about how you will use the account daily. If you need frequent ATM access or prefer in-person banking, choose a bank with a vast network of ATMs and branches. A bank with robust digital banking tools and mobile app capabilities may be more suitable for businesses that operate primarily online.
Long-term Value: Look beyond initial bonuses and consider the long-term benefits of the account. Assess the ongoing fee structures, balance interest rates, and additional services, such as business loans, credit cards, or rewards programs. The account should provide value that aligns with your business growth plans.
Evaluate Multiple Offers: Compare the different business checking accounts available. Consider the bonus amounts and the terms and conditions attached to those bonuses. Some accounts may offer higher bonuses but have higher fees or stricter requirements. Balance the initial incentives with the overall cost-effectiveness of the account.
Customer Support: Ensure that the bank provides reliable customer service. Accessible and responsive support is crucial for addressing any issues with your account. Look for banks with positive customer service reviews and multiple support channels.
Disclosures
U.S. Bank:
Complete these steps to earn the offer:
1. Earn your $350. Complete $5,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
2. Earn your $800. Complete $25,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening
Axos Bank:
* To be eligible to earn all or a portion of the cash incentive as part of the promotional offer “NEW400,” an application for a Basic Business Checking account or a Business Interest Checking account must be submitted between 09/30/2023 at 12:00 am PT and 06/30/2024 at 11:59 pm PT. Axos Bank reserves the right to limit each primary account holder or business title to one (1) checking account promotional offer per year. Axos Bank or Axos Bank for Nationwide checking customers or Businesses that have held an Axos Bank or UFB or Axos Bank for Nationwide checking or savings account in the past 12 months under the same title are not eligible for this offer. Promotional terms and conditions are subject to change or removal without notice. Incentive may be taxable and reported on IRS Form 1099-MISC. Consult your tax advisor. After initial requirements above are met, the amount of incentive earned will depend on meeting the additional requirements outlined below:
Small Business Checking bonus up to $400: You must be approved for your new Basic Business Checking or Business Interest Checking account and fund it within 30 days of account opening. An incentive of up to $400 can be earned during the first five (5) statement cycles. A statement cycle is a calendar month consisting of at least one day your account was open during that month. You can earn a maximum of four (4) payouts during the five (5) statement cycles, and the incentive will be deposited into the qualifying account within 10 business days following the end of the statement cycle in which the balance requirement was met.
$75 will be earned for each statement cycle, up to $300 when you meet three requirements: 1) the average daily balance in your Basic Business Checking account or Business Interest Checking Account is between $25,000 and $49,999.99, 2) you have completed ten (10) point-of-sale transactions per month using your Small Business Checking Visa® Debit Card for signature-based purchases with a minimum of $3 per transaction, 3) You must also have bill pay set up and connected to your Basic Business Checking account or Business Interest Checking account. The bill pay transaction minimum is $10.
$100 will be earned for each statement cycle, up to $400 when you meet three requirements : 1) the average daily balance in your Basic Business Checking account or Business Interest Checking Account is greater than $50,000, 2) you have completed ten (10) point-of-sale transactions per month using your Small Business Checking Visa® Debit Card for signature-based purchases with a minimum of $3 per transaction, 3) You must also have bill pay set up and connected to your Basic Business Checking account or Business Interest Checking account. The bill pay transaction minimum is $10.
Your Small Business Checking account must remain open and in good standing at the time the incentive is paid to be eligible. Furthermore, your Small Business Checking account must remain open for 150 days, or an early closure fee of up to $400 may apply.
