Establishing a business bank account is vital for small business owners to differentiate between business and personal finances, and it can enhance credibility for startups seeking funding. While evaluating account features—such as the number of free transactions, compatibility with accounting software, and ATM fee reimbursements—it’s beneficial to also look for accounts offering sign-up bonuses.

These bonuses encourage business owners to open and use new accounts, though the incentives and conditions can vary. While small business bank account bonuses are less common than consumer ones, there are still several options available both nationwide and in specific states.

Below are some of the top bank account bonuses currently available and the steps needed to earn them.

U.S. Bank Business Checking: Up to $800 Offer

U.S. Bank (Member FDIC) provides various levels of business checking accounts suitable for businesses of all sizes.

• Bonus Amount: $400-$800

• Offer Expiry Date: August 30, 2024

• Qualification Criteria:

1) Open a new account through a partner link provided on this page.

2) Use promo code Q2AFL24 when applying for an eligible account.

3) To receive a $400 bonus, deposit at least $5,000 in new funds and maintain that balance for 60 days from the account opening.

4) To receive an $800 bonus, deposit $25,000 or more and maintain that balance for 60 days.

5) Enroll in business online banking within 60 days of account opening.

• Eligibility: New U.S. Bank customers only.

• When to Expect the Bonus: The bonus will be credited to your account within 30 days after the last day of the month in which you complete all the requirements, provided the account is open and has a positive balance.

Chase Business Complete Checking®: $300 Bonus Promotion

The Chase Business Complete Checking account stands as the premier business checking account from Chase, offering comprehensive benefits from one of the leading banks in the United States. Earning the bonus isn’t overly challenging, but it requires completing a set of specific actions.

• Bonus Amount: $300  

• Offer Expiry Date: July 22, 2024  

• Qualification Criteria:

1) Open an account using the link provided on this page.

2) Open and deposit at least $2,000 into your new account within 30 days of opening it to qualify for the $300 bonus.

3) Maintain a minimum balance of $2,000 for 60 days.

4) Complete at least five qualifying transactions within the first 90 days of account opening.

• Qualifying Transactions: These include debit card purchases, Chase QuickDeposit, Chase QuickAccept Deposits, ACH credits, Chase Online Bill Pay, and wire transfers.

• Bonus Disbursement: The bonus will be credited to your new account within 15 days after meeting all the specified requirements.

Axos Bank: Up to $400 Bonus Offer

Axos Bank, an online-exclusive bank, provides a range of business checking and savings accounts. By opening a business checking account, you can earn up to $400 by fulfilling certain conditions.

The bonus of up to $400 is distributed in increments of $75 to $100. This promotion is valid for the first five statement cycles following account opening, with the opportunity to earn a bonus in a maximum of four cycles.

• Bonus Amount: Up to $400  

• Offer Expiry Date: June 30, 2024  

• Qualification Criteria:

1) Open a new account via the Axos website using the code NEW400.

2) Fund your account within 60 days and maintain an average daily balance of at least $25,000. You will receive $75 for each statement cycle where the balance is between $25,000 and $49,999.99, or $100 for each cycle where the balance exceeds $50,000.

3) Additionally, complete 10 point-of-sale transactions per month using your Small Business Checking Visa® Debit Card for purchases of at least $3 per transaction and set up bill pay linked to your business checking account.

4) Ensure your account remains open and in good standing for a minimum of 120 days.

• Qualifying Transactions: None

• Bonus Disbursement: After meeting the required conditions, the bonus will be deposited into your account within 10 business days of the statement cycle date.

Live Oak Business Savings: $300 Bonus Offer

Live Oak Bank, established in 2008, operates as a cloud-based digital bank focusing on small business clients. It is the leading provider of SBA 7(a) loans in terms of dollar volume nationwide. Additionally, the bank offers savings products insured by the FDIC. Although Live Oak Bank may not be as widely recognized as some larger institutions offering business savings accounts, its products remain competitive.

• Bonus Amount: $300  

• Offer Expiry Date: June 13, 2024  

• Qualification Criteria:

1) Open a new Live Oak Bank business savings account between May 13 and June 13, 2024.

2) Complete the necessary qualifying activities to earn a $300 cash bonus.

• Bonus Disbursement: Provided all criteria are met, the $300 bonus will be credited to your eligible account within 45 days after the 90-day tracking period ends.

American Express Business Checking: 30,000 Point Offer

American Express introduced its business checking account shortly after purchasing Kabbage. The account offers an attractive 1.30% APY on balances up to $500,000. Upon signing up, you can earn 30,000 Membership Rewards points by depositing $5,000 within the first 30 days, maintaining that balance for 60 days, and conducting at least five qualifying transactions within the same period.

• Bonus Amount: 30,000 Membership Rewards points  

• Offer Expiry Date: Not specified  

• Qualification Criteria:

1) Open a new account via the American Express website.

2) Deposit $5,000 within 30 days and keep an average balance of $5,000 for 60 days.

3) Perform at least five qualifying transactions within 60 days, which may include mobile deposits, ACH transfers, wire transfers, and bill payments.

• Bonus Disbursement: After meeting the requirements, the bonus will be added to your account within 8-12 weeks.