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12 Best Business Bank Account Promotions & Offers – January 2021

Unfortunately for small-business owners, solopreneurs, and freelancers, 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 and their lieutenants.

But not all banks give business owners short shrift. You just need to know where to look to find potentially lucrative bank account bonus and referral opportunities. Let this list guide you to entrepreneur-friendly banks hungry enough for your business to pay you for it.

Best Business Bank Account Bonuses (January 2021)

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

However, some accounts impose minimum balance requirements, monthly maintenance fees, and other requirements or restrictions that can impact their suitability. And all accounts must be open and in good standing when the bonus is paid.


1. Chase Business Complete Checking – $300 Bonus

Chase Bank LogoA very attractive offer awaits for Chase-curious entrepreneurs, including sole proprietors: $300 for new Chase Business Complete Checking customers who open an account and complete qualifying activities.

It’s not difficult to qualify for this opportunity. All you need to do is open a new Chase Business Complete Checking account with qualifying activities (described at the link above). No minimum opening deposit is required. Once your account is open, you’ll have multiple ways to waive the $15 monthly service fee.

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 PR.

Apply Now


2. Wise

5e961d64942a2f00f64d30dc Primary P 800For a limited time, earn a $100 credit in your Wise account after you sign up and spend $1,000 on your Wise card within the first 30 days. All you need to do is open your account and make qualifying purchases totaling $1,000 or more during the 30-day offer period. Moving forward, earn 0.5% incentive on base deposits (credited monthly) and 0.1% cash back incentive for every $1,000 in eligible monthly purchases with your card, up to 0.5% ($5,000 monthly spend).

Apply Now


3. Huntington Unlimited Plus Business Checking — $750 Bonus Cash

Huntington BankOpen a new Huntington National Bank Unlimited Plus Business Checking account by Feb. 7, 2021, for the opportunity to earn $750 in bonus cash. Here’s how the promotion works:

  • Open your new account by Feb. 7, 2021.
  • Deposit at least $20,000 in new money within 60 days of account opening.
  • Keep your account open for at least 90 days.

Once you’ve completed these requirements, you should receive the $750 bonus in your account within 14 days.

Moving forward, the $40 monthly maintenance fee is waived for the duration of 2020 and thereafter when you maintain at least $50,000 in combined deposit relationship balances across all eligible Huntington accounts. “New money” is defined as any funds not currently deposited in any Huntington account, except maturing business CDs.

This offer is available in states where Huntington has physical branch locations, including Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania, and West Virginia.

Apply Now


4. Huntington Unlimited Business Checking — $400 Bonus Cash

Huntington BankOpen a new Huntington National Bank Unlimited Business Checking account by Feb. 7, 2021, and you could earn $400 in bonus cash. Here’s how to take advantage of this opportunity:

  • Open your new account by Feb. 7, 2021.
  • Deposit at least $5,000 in new money within 60 days of account opening.
  • Keep your account open for at least 90 days.

You’ll receive the $400 bonus in your account within 14 days after completing these requirements.

Once your account is open, you’ll have the $20 monthly maintenance fee waived for the duration of 2020. Thereafter, maintain a combined deposit relationship balance (across all eligible accounts held with Huntington) of at least $20,000 to maintain the waiver in any given statement cycle. Bonus-qualifying funds must not currently be on deposit with Huntington, save for, maturing business CDs.

This offer is available in states where Huntington Bank has physical branch locations, including Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania, and West Virginia.

Apply Now


5. Huntington Business Checking 100 — $200 Bonus Cash

Huntington BankOpen a new Huntington National Bank Business Checking 100 account by Feb. 7, 2021, for the opportunity to earn $200 in bonus cash. Here’s how this bonus opportunity works:

  • Open your new account by Feb. 7, 2021.
  • Deposit at least $2,000 in new money within 60 days of account opening.
  • Keep your account open for at least 90 days.

You should receive the $200 bonus in your account within 14 days after completing the requirements.

This account has a $3 monthly maintenance fee that’s easy to waive by signing up for e-statements. “New money” is defined as any funds not currently deposited in any Huntington account, other than maturing business CDs.

This offer is available in states where Huntington has physical branch locations, including Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania, and West Virginia.

Apply Now


6. Bank of America Business Checking — Up to $750 Cash Bonus

bank of america logoFor a limited time, open an eligible new Bank of America business checking account (Business Fundamentals Checking or Business Advantage Checking) for the opportunity to earn a cash bonus of up to $750. Here’s how the bonus opportunity works:

  • Open a new Bank of America Business Checking account before the end of the offer period.
  • Make qualifying deposits within 15 days of opening the account.
  • Maintain a balance equal or greater to the amount of your qualifying deposits for the following 60 calendar days (the Maintenance Period).
  • Make at least five qualifying electronic payments during the Maintenance Period.

The qualifying deposit bonus thresholds are as follows:

  • $200 Bonus: Make cumulative deposits of $5,000 to $19,999 within the first 15 days.
  • $500 Bonus: Make cumulative deposits of $20,000 to $49,999 within the first 15 days.
  • $750 Bonus: Make cumulative deposits greater than $50,000 within the first 15 days.

Both eligible accounts charge monthly maintenance fees that can be avoided with qualifying activities. See Bank of America’s offer page for more information about the maintenance fees and how to avoid them.

This offer is available nationwide. Limit one offer per customer.

Apply Now


7. Brex Cash — 50,000 Bonus Points

Brex LogoOpen a new Brex Cash account and spend $1,000 in purchases to earn 50,000 bonus points. Moving forward, enjoy no account fees or minimum daily balance requirements, a generous ongoing rewards program, and value-added perks worth $150,000.

Learn More

*Brex Treasury LLC is not a bank; Brex Cash is not a bank account.


8. BMO Harris Bank Business Advantage Checking — $500 Cash Bonus

Bmo Harris Bank LogoOpen a BMO Harris Bank Business Advantage Checking account by Jan. 31, 2021, for an opportunity to earn a $500 cash bonus. Here’s how the bonus offer works:

  • Open a new Business Advantage Checking account by Jan. 31, 2021.
  • Deposit at least $5,000 (cumulatively) within the first 30 days your account is open.
  • Maintain a minimum balance of $5,000 or more for the following 90 days (between Day 31 and Day 120).
  • Have at least 10 electronic transactions post to the account within the first 90 days your account is open.

Once you complete these qualifying activities, you should receive the $500 cash bonus within 10 days.

Eligible electronic transactions include ACH credits or debits, online bill payments, mobile deposits, wire transfers, or debit card point-of-sale (POS) purchase transactions. POS credit transactions and ATM withdrawals are not eligible.

Moving forward, avoid the $20 monthly maintenance fee when you maintain an average daily balance of at least $5,000 during the statement period or a $15,000 minimum balance across all eligible BMO Harris accounts.

This checking account bonus offer is available in states where BMO Harris Bank has physical branch locations. Limit one offer per customer.

Apply Now


9. BMO Harris Bank Essential Business Checking — $200 Cash Bonus

Bmo Harris Bank LogoOpen an eligible BMO Harris Bank Business Checking account by Jan. 31, 2021, for an opportunity to earn a $200 cash bonus. Here’s how the bonus offer works:

  • Open a new Essential Business Checking account by Jan. 31, 2021.
  • Deposit at least $1,500 (cumulatively) within the first 30 days your account is open.
  • Maintain a minimum balance of $1,500 or more for the following 90 days (between Day 31 and Day 120).
  • Have at least 10 electronic transactions post to the account within the first 90 days your account is open.

Once you complete these qualifying activities, you should receive the $500 cash bonus within 10 days.

Eligible electronic transactions include ACH credits or debits, online bill payments, mobile deposits, wire transfers, or debit card POS purchase transactions. POS credit transactions and ATM withdrawals are not eligible.

Avoid the ongoing $15 monthly maintenance fee when you maintain an average daily balance of at least $1,500 during each statement period.

This checking account bonus offer is available in states where BMO Harris Bank has physical branch locations. Limit one offer per customer.

Apply Now


10. PNC Bank Business Checking — $200 Cash Bonus

Pnc Bank LogoOpen an eligible new PNC Bank business checking account (Business Checking or Business Checking Plus) by March 31, 2021, for the opportunity to earn a $200 cash bonus. Here’s how the bonus offer works:

  • Open an eligible account by March 31, 2021.
  • 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.

See the respective application pages for Business Checking and Business Checking Plus for more details on avoiding the monthly maintenance fees.

This offer is available nationwide. Limit one offer per customer.

Apply Now


11. SunTrust Business Checking — $200 Bonus Cash

Suntrust LogoOpen an eligible new SunTrust business checking account (Simple Business Checking, Primary Business Checking, or Business Advantage Plus) by March 31, 2021, for the opportunity to earn $200 bonus cash. Here’s how the offer works:

  • Open your eligible new account by March 31, 2021.
  • Enroll in the offer at application
  • Make cumulative qualifying deposits of $1,500 or more within 30 days of opening the account.

Once you’ve completed these activities, including the deposit requirement, you’ll receive your reward within eight weeks.

Moving forward, all eligible accounts waive monthly maintenance fees for the first two statement cycles. Refer to the offer page for information about avoiding each account’s monthly maintenance fees thereafter.

This offer is available in states where SunTrust has a physical branch presence and is limited to new customers only. Limit one offer per customer.

Apply Now


12. Axos Bank Basic Business Checking — $100 Cash Bonus

Axos Bank LogoOpen a new Axos Bank Basic Business Checking account by the offer end date using the promo code “EARN100,” to earn a $100 welcome bonus. Here’s how it works:

  • Apply for your new Axos Bank Basic Business Checking account by the offer end date with a minimum opening deposit of $1,000.
  • Maintain an average daily balance of at least $5,000 during the first three months (new funds only).
  • You’ll receive your $100 cash bonus within five business days of your third statement cycle date.

For more information, read our Axos Bank review.

Learn More


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.

This matters. After all, every business owner is a person too — one with personal money management needs. Which 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
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.

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