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. Three banks have bonuses of $1,000 or more, though it takes between $20,000 to $30,000 to qualify. U.S. Bank offers the best deal, with $1,200 back after just 30 days of keeping $25,000 in your account.
Even if you don't have a 5-figure checking balance, you can still earn $400 for a relatively modest balance of $2,000 to $5,000. That bonus is also offered by U.S. Bank along with PNC Bank, Huntington, BMO, Wells Fargo, Bank of America, and Associated Bank.
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 30 to 90 days to earn the bonus.
- Most offers are available across the entire United States. However, you may find undisclosed geographic limitations when you apply.
New Checking Account Bonuses from Banks & Fintech Companies
Ranked by Bonus Value, Minimum deposit $30,000 or less
| Reviewed | Company | Offer | Bonus Value | Product | Min Deposit | Min Days | Expires | Other fine print |
| 8 Oct 26 | U.S. Bank | $1,200 | $1,149 | Business Platinum | $25,000 | 30 | 13 Jan 27 | Min 5 trans |
| 8 Oct 26 | Mercury*** | $250 | $249 | Checking | $10,000 | 1 | None | $10k min spend |
| 8 Oct 26 | Piermont Bank** | 3.75% | $375 | Business Checking | NA | NA | 3.75% requires $50k | |
| 8 Oct 26 | Huntington Bank | $1,000 | $877 | Checking: Unlimited Plus | $20,000 | 90 | 14 Oct 26 | |
| 8 Oct 26 | PNC Bank | $1,000 | $815 | Treasury Management | $30,000 | 90 | 31 Dec 26 | |
| 8 Oct 26 | Wells Fargo | $825 | $722 | Business Checking | $25,000 | 60 | 10 Nov 26 | Min 5 trans |
| 8 Oct 26 | Bank of America | $750 | $688 | Business Advantage | $15,000 | 60 | 31 Dec 26 | |
| 8 Oct 26 | Associated Bank | $750 | $627 | Checking: Choice | $20,000 | 90 | 31 Oct 26 | IA, IL, IN, KS, MI, MN, MO, OH and WI |
| 8 Oct 26 | BMO | $750 | $596 | Checking | $25,000 | 90 | 1 Feb 27 | |
| 8 Oct 26 | M&T Bank | $750 | $565 | Checking | $30,000 | 90 | 30 Nov 26 | |
| 8 Oct 26 | Wells Fargo | $550 | $509 | Business Checking | $10,000 | 60 | 10 Nov 26 | Min 5 trans |
| 8 Oct 26 | Central Bank | $500 | $482 | Checking | $3,000 | 90 | 30 Nov 26 | |
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| 8 Oct 26 | Chase | $500 | $479 | Checking | $10,000 | 30 | 21 Jan 27 | Min 5 trans |
| 8 Oct 26 | Citibank | $500 | $438 | Checking | $20,000 | 45 | 6 Jan 27 | Varies by zip |
| 8 Oct 26 | M&T Bank | $500 | $408 | Checking | $15,000 | 90 | 30 Nov 26 | |
| 8 Oct 26 | Chase | $400 | $396 | Checking | $2,000 | 30 | 21 Jan 27 | Min 5 trans |
| 8 Oct 26 | U.S. Bank | $400 | $390 | Business Essentials | $5,000 | 30 | 13 Jan 27 | Min 5 trans |
| 8 Oct 26 | Wells Fargo | $400 | $390 | Business Checking | $2,500 | 60 | 10 Nov 26 | Min 5 trans |
| 8 Oct 26 | PNC Bank | $400 | $388 | Checking | $2,000 | 90 | 31 Dec 26 | Min 20 trans |
| 8 Oct 26 | BMO | $400 | $384 | Checking | $4,000 | 60 | 1 Feb 27 | |
| 8 Oct 26 | Bank of America | $400 | $379 | Business Advantage | $5,000 | 60 | 31 Dec 26 | |
| 8 Oct 26 | Huntington Bank | $400 | $369 | Checking: Unlimited | $5,000 | 90 | 14 Oct 28 | |
| 8 Oct 26 | Associated Bank | $400 | $369 | Checking: Balanced | $5,000 | 90 | 31 Oct 26 | IA, IL, IN, KS, MI, MN, MO, OH and WI |
| 8 Oct 26 | American Express | $350 | $329 | Checking | $5,000 | 60 | None | Min 5 trans; Reward is 35,000 points |
| 8 Oct 26 | Citibank | $300 | $285 | Checking | $5,000 | 45 | 6 Jan 27 | Varies by zip |
| 8 Oct 26 | M&T Bank | $300 | $269 | Checking | $5,000 | 90 | 30 Nov 26 | |
| 8 Oct 26 | Mercury | $250 | $249 | Checking | $10,000 | 1 | None | $10k min spend |
| 8 Oct 26 | Axos Bank | $200 | $175 | Checking | $3,000 | 120 | 31 Jan 27 | Min 10 trans |
| 8 Oct 26 | Associated Bank | $100 | $88 | Checking: Access | $2,000 | 90 | 31 Oct 26 | IA, IL, IN, KS, MI, MN, MO, OH and WI |
Source: FintechLabs, 8 Oct 2026
*Bonus Value: We subtract 2.5% in potential foregone interest times the minimum time the initial deposit must stay in the account. Bonus value is PRE-tax.
**Sponsor: Bonus value calculated by multiplying a $30,000 balance by the 3.75% APY (for balances under $50k) times 12 months less the 2.5% available elsewhere. Not comparable to the other one-time immediate bonus payments.
***Mercury is a fintech company, not an FDIC-insured bank. Banking services provided through Choice Financial Group and Column N.A., Members FDIC.
Disclosure: We may earn revenue from listed banks
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