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4 Best Small-Business Bank Account Promotions & Bonuses of June 2023


Most of the best bank account promotions on the market right now cater exclusively to consumers. Indeed, many of the United States’ best online banks seem to favor personal account holders rather than business owners.

But not all banks shortchange small-business owners. If you’re a small-business owner, solopreneur, or freelancer, you just need to know where to look to find potentially lucrative credit union and bank account bonuses and referral opportunities.

Best Small-Business Bank Account Promotions & Bonuses

These are the best small-business bank promotions this month. Unless otherwise noted, all are available to businesses of all sizes, including sole proprietors and freelancers without formal incorporation. All are FDIC-insured as well.

However, small-business checking and savings accounts impose minimum balance requirements, monthly maintenance fees, and other requirements or restrictions that can impact their appeal. Always read the fine print before you apply.

Chase Business Complete Checking℠

Our Rating
4.5/5

Earn a $300 cash bonus with qualifying deposits and transactions during the first 90 days
Bonus
$300
Good Through
August 3, 2023
Requirements
$2,000 in deposits in 30 days, five transactions in 90 days
Our Rating
4.5/5
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A very attractive offer awaits Chase-curious entrepreneurs, including sole proprietors new to Chase Business Complete Banking: $300 for new Chase Business Complete Checking customers who open an account online or in-person and complete qualifying activities. This offer is valid through August 3, 2023.

To qualify for this opportunity, do the following:

  • Open a new Chase Business Complete Checking account by the stated offer end date.
  • Deposit at least $2,000 in new money into the account within 30 days of offer enrollment.
  • Maintain that balance for at least 60 days from offer enrollment.
  • Complete at least five qualifying transactions, including electronic deposits and debit card purchases, within 90 days of offer enrollment.

After you complete all qualifying activities, you should receive the bonus in your account within 15 business days.

Chase has ATMs and branches in the following states: AZ, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, KY, LA, MA, MI, NV, NJ, NY, OH, OK, OR, TX, UT, WA, WV, WI. This offer is available online nationwide, except for residents of AK, HI, and Puerto Rico.

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Maintenance Fee
$15 each statement cycle unless you meet one of the waiver options.
Waiver Option #1
Maintain a linked Chase Private Client account.
Waiver Option #2
Qualify for Chase Military Banking, which is open to active-duty, reserve, and veteran service members (including National Guard).
Waiver Option #3
Maintain a minimum daily balance of $2,000.
Waiver Option #4
Receive at least $2,000 in eligible deposits during the statement cycle.
Waiver Option #5
Spend at least $2,000 on Chase Ink Business credit cards during the corresponding statement cycle.
Minimum Opening Deposit
$0, but you must deposit at least $2,000 to qualify for the bonus.

U.S. Bank Business Checking — Up to $750 Bonus With Qualifying Activities

Our Rating
4.4/5

Earn up to $750 with a qualifying opening deposit and ongoing balance.
Bonus
Up to $750
Good Through
June 30, 2023
Requirements
At least $5,000 in new money deposits
Our Rating
4.4/5
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To earn up to $750 when you open a new U.S. Bank business checking account, choose from one of three eligible accounts and open it by June 30, 2023 using promo code Q2AFL23:

  • Silver Business Checking Package
  • Gold Business Checking Package
  • Platinum Business Checking Package

Then, complete the following qualifying activities to earn a $500 bonus:

  • Within 60 days of account opening, enroll in online banking or the U.S. Bank Mobile App.
  • Within 30 days of account opening, complete at least $5,000 in new money deposits and maintain the balance until the 60th day after account opening.

Or, complete the following qualifying activities to earn a $750 bonus:

  • Make a deposit of at least $15,000 in new money within 30 days of account opening and maintain the balance until the 60th day after account opening.
  • Enroll in U.S. Bank business online banking or the mobile app within 60 days of account opening.
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Silver Business Checking Package Monthly Fee
$0
Gold Business Checking Package Monthly Fee
$20, waived with an average daily collected balance of $10,000 or more.
Platinum Business Checking Package Monthly Fee
$30, waived with an average daily collected balance of $25,000.
Minimum Opening Deposit
$100, but at least $5,000 required to earn an account opening bonus.
Residency Restrictions
Applicant must reside in AZ, AR, CA, CO, ID, IL, IN, IA, KS, KY, MN, MO, MT, NE, NV, NM, NC, ND, OH, OR, SD, TN, UT, WA, WI, WY to be eligible for checking account. Member FDIC.
Bank Disclosure
Deposit products offered by U.S. Bank National Association. Member FDIC.

Axos Bank Basic Business Checking — Up to $200 Cash Bonus

Our Rating
4.3/5

Earn a $200 cash bonus if your business incorporated after June 1, 2020. Earn a $100 bonus otherwise.
Bonus
Up to $200
Good Through
June 30, 2023
Requirements
Promo code only
Our Rating
4.3/5
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Open a new Axos Bank Basic Business Checking account by the offer end date to earn a welcome bonus worth up to $200. Here’s how it works:

  • If you’re a new business incorporated after June 1, 2020, enter the promo code “NEWBIZ200” when you apply for your new Axos Bank Basic Business Checking account. This code earns you a bonus worth $200 with no additional work required.
  • If you incorporated before June 1, 2020, use the promo code “NEWAXOSBIZ” instead. This gets you a bonus worth $100.
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Maintenance Fee
$0 — Axos Bank Basic Business Checking is a truly free business checking account.
Minimum Deposit
$0
Minimum Balance
$0

PNC Bank Business Checking — Up to $500 Cash Bonus

Our Rating
4.2/5

Earn a bonus worth $200 with a new qualifying Business Checking or Business Checking Plus account, or $500 with a new qualifying Treasury Enterprise Plan or Analysis Business Checking account.
Bonus
Up to $500
Good Through
June 30, 2023
Requirements
Qualifying deposits and/or transaction minimums
Our Rating
4.2/5
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Open an eligible new PNC Bank business checking account (Business Checking or Business Checking Plus) by June 30, 2023, for the opportunity to earn a cash bonus worth up to $500. Here’s how the bonus offer works:

  • Open an eligible account by June 30, 2023.
  • Maintain an average cycle balance (account balance) of $5,000 or more for each of the first three statement cycles.
  • Complete at least 20 total qualifying debit card transactions within the first three statement cycles.

Once you’ve completed the qualifying activities, you’ll receive a $200 cash bonus in your account within 90 days.

Alternatively, open a new Treasury Enterprise Plan or Analysis Business Checking account by June 30, 2023, for the opportunity to earn a $500 bonus. All you need to do is maintain a minimum average balance of $30,000 throughout the first three statement cycles.

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Maintenance Fee
At least $12, but may be waived with qualifying activities.
Minimum Opening Deposit
$100, but you must deposit at least $5,000 to earn a bonus.
Business Checking Fee & Waiver
$12, waived with a minimum daily balance of $500 or $500 in monthly transactions on a linked PNC business credit card.
Business Checking Plus Fee & Waiver
$22, waived with a minimum daily balance of $5,000 or $5,000 in monthly transactions on a linked PNC business credit card.
Treasury Enterprise Plan Fee & Waiver
$50, waived with a minimum daily balance of $30,000 across all eligible linked accounts.
Analysis Business Checking Account Fee & Waiver
$25, waiver requirements vary based on business earnings.
Restrictions
These offers are available nationwide. Limit one offer per customer.

Final Word

Most of the banks mentioned here do not cater to small-business owners exclusively.

They also offer consumer accounts — in some cases, generous and expansive lineups that include free checking accounts, rewards checking accounts, CDs with above-average rates, money market accounts, and high-yield savings accounts that might just keep your emergency fund on pace with inflation.

Others offer cash-back credit cards, among other types of rewards-laden spending aids for individuals.

That matters. After all, every business owner is a person too — one with personal money management needs. That means every business owner needs a personal checking account, among other key personal banking relationships.

If you’d like that relationship to involve the same bank you choose for your business banking needs, perhaps one of these promotions will seal the deal.

Brian Martucci writes about credit cards, banking, insurance, travel, and more. When he's not investigating time- and money-saving strategies for Money Crashers readers, you can find him exploring his favorite trails or sampling a new cuisine. Reach him on Twitter @Brian_Martucci.