It’s a great time to shop for a new checking account for your small business. The first quarter is typically a time when many small businesses are shopping for financial services, so banks respond with lucrative new-account bonuses. And the amounts can be substantial. Four banks have bonuses of $1,000 or more, though it takes between $20,000 to $100,000 to qualify.

Even if you don’t have a 5-figure checking balance, you can still earn as much as $500 for a relatively modest balance of $2000 to $5000.

Choosing the best bank offer:

While it’s tempting to go with the highest dollar amount, those bonuses are just a one-time treat. Much more important is choosing a bank that meets your banking, payment and credit needs. And most businesses will want to choose one bank with branches in your area and a second one that offers the most convenient mobile and online banking. For more information on making a good choice see our previous post.

Caveats:

  • Most banks require you to maintain this level of minimum deposit for at least 60 to 90 days to earn the bonus.
  • We tried to only include offers available to businesses anywhere in the United States. However, you may find undisclosed geographic limitations when you apply.

New Account Offers by National Banks

Company Offer BV (Bonus Value) Product Min Deposit Min Days Expires Other fine print
Citibank $2,000 $1,260 Checking $200,000 45 7 Jul 25 Varies by zip
Citibank $1,500 $1,130 Checking $100,000 45 7 Jul 25 Varies by zip
Huntington Bank $1,000 $852 Checking: Unlimited Plus $20,000 90 19 Jun 25
Citibank $1,000 $815 Checking $50,000 45 7 Jul 25 Varies by zip
PNC Bank $1,000 $778 Treasury Management $30,000 90 30 Jun 25
M&T Bank $1,500 $760 Checking $100,000 90 30 Jun 25
Associated Bank $750 $602 Checking: Choice $20,000 90 30 Jun 25
BMO $750 $565 Checking $25,000 90 2 Sep 25
M&T Bank $750 $528 Checking $30,000 90 30 Jun 25
Central Bank $500 $478 Checking $3,000 90 31 Jul 25
Chase $500 $475 Checking $10,000 30 6 Jul 25 Min 5 trans
Citibank $500 $426 Checking $20,000 45 7 Jul 25 Varies by zip
M&T Bank $500 $389 Checking $15,000 90 30 Jun 25
PNC Bank $400 $385 Checking $2,000 90 30 Jun 25 Min 20 trans
Huntington Bank $400 $363 Checking: Unlimited $5,000 90 19 Jun 25
Associated Bank $400 $363 Checking: Balanced $5,000 90 30 Jun 25
BMO $350 $330 Checking $4,000 60 2 Sep 25
Chase $300 $295 Checking $2,000 30 6 Jul 25 Min 5 trans
Citibank $300 $282 Checking $5,000 45 7 Jul 25 Varies by zip
American Express $300 $275 Checking $5,000 60 None
Min 5 trans; Reward is 30,000 points
M&T Bank $300 $263 Checking $5,000 90 30 Jun 25
Mercury $250 $249 Checking $10,000 1 None $10k min spend
Axos Bank $200 $170 Checking $3,000 120 30 Sep 25 Min 10 trans
Bank of America $200 $163 Checking $5,000 90 31 Dec 25
Huntington Bank $100 $95 Checking 100 $2,000 30 10 Feb 25
Associated Bank $100 $85 Checking: Access $2,000 90 30 Jun 25
Axos Bank $300 $53 Checking $25,000 120 30 Sep 25
Axos Bank $400 -$93 Checking $50,000 120 30 Sep 25 Min 10 trans

Source: FintechLabs, 9 June 2025

*Bonus Value: We subtract 3.0% in potential foregone interest times the minimum time the initial deposit must stay in the account.

Disclosures: We may earn revenue from listed banks

Other Resources: Looking for digital banks, lenders, payment providers, insurance or digital accounting for small businesses? Check out our latest lists: Small Business (SMB) savings/treasury accounts (7) | SMB online lenders (33) | SMB challenger banks (15) | SMB insurers (15) | SMB credit cards/expense management (16) | Billpay & invoicing (16)| Payment processors (7) | SMB digital accounting/bookkeeping (21)

The FAB Score (Fintech Attention Barometer) is a proxy for the size and growth of fintech companies founded since 1999.