THE TOP BEST BANK BONUSES: Practices & Tips in 2023


A bank account that is solely used for business transactions is known as a business bank account. Its main function is to take payments from new clients and pay staff members and suppliers. There aren’t many notable distinctions between a personal and commercial bank account. Based on the authorizations given by the authorized owner, money enters and leaves the account. Read on to know the best bank bonuses with and without direct deposit.

Best Bank Bonuses 2023

Many small business entrepreneurs frequently use their personal bank accounts to run their companies. But that can be unprofessional, difficult to handle properly, and a real pain at tax time. If you ever plan to obtain a business loan, you must have a company bank account. Your personal finances and the money associated with your business should ideally be kept separate.

You should be aware of the requirements for opening a bank account or credit union before learning which ones provide the best bonuses. The account opening requires the presence of all owners, partners, and essential executives who hold positions of authority. Additionally, depending on your business structure, you’ll need to present different business paperwork, two different kinds of personal identification, and a taxpayer identification number for your company.

Which Banks in 2023 Will Provide the Best Bonuses for Business Accounts?

The first thing to keep in mind is that bank account bonuses have never made anyone rich. You will need to go elsewhere if you want to make serious money. However, because you must have a U.S. bank account, you might as well look for the best account promotions available.

#1. SoFi Bank

To earn up to $250, new SoFi Bank members must create a checking and savings account. To receive the incentive, a direct deposit is required. According to SoFi Bank’s website, the bonus amount will be determined by the sum of your total qualified direct deposits within the bank’s 25-day review period, which begins when SoFi receives a direct deposit.

#2. Axos

Due to the Axos bonus’s inferior worth to the Chase bonus, it comes in second on this ranking. It’s less valuable than the Chase bonus, but it’s also simpler to fulfill all the conditions. Being an online-only bank, Axos is another advantageous trait. Overall, compared to other completely online banks, its mobile app delivers the finest savings, benefits, and cashback bank offers. You don’t need to bother with attending eligibility meetings in person when you can open your account online.

Since a new bank account does not demand the same personal financial acrobatics as some other cards, qualifying for one is not particularly challenging. You will only need to be in good standing with prior accounts and have excellent enough credit to qualify for a credit card in order to participate in qualifying activities. You won’t need absurd online savings or an unreachable credit score.

#3. PNC

The PNC bonus ranks third on this list since it is the most expensive and complicated thing. However, one of the greatest bonus sums on this list is yours if you can fulfill all the prerequisites. There are two bonuses that PNC might offer, and each has different requirements.

If you open a Business Checking or Business Checking Plus account, you can receive the $200 incentive. For the first three statement cycles, you must keep an average cycle balance of at least $5,000. Additionally, within the first three statement cycles, you must complete at least 20 qualifying transactions (debit card purchases and transfers).

#4. Citibank’s

Despite being the most lucrative offer on this list, the Citibank bonus comes in last. The main justification is that this deal has a short window of time. You must open a new checking account by January 9, 2023, to be eligible for the bonus. It’s ranking as fourth on this list is also due to the fact that it will cost the most money to complete the prerequisites.

In addition, after the account has been open for 21 days, you must continue making the minimum deposit for at least 60 days. If you have closed a Citibank checking account within the past 180 days, you are not eligible for the bonus. You must first visit the Citibank website to open the account, and you might also be needed to stop by a nearby branch.

Best Bank Bonuses Without Direct Deposit

There are differences between different bank accounts, particularly in terms of promotions. Although the fundamental steps for creating a bank account are the same everywhere, a direct deposit may occasionally be necessary to qualify for corresponding promotions. If you don’t have access to this, it could be challenging to find a bank account that offers a bank bonus without requiring a direct deposit. You’re not the only one who wonders which banks will provide you rewards even if you don’t have direct deposit. Below is the best bank bonuses without direct deposit.

#1. Acorns

The first bank on our list of the best bank bonuses without direct deposit is Acorns, which will give you a $325 bonus if you recommend two friends to join an Acorns Invest account using your unique referral link. These friends must deposit a minimum of $5 and make their first transaction by February 4, 2023, to be eligible. Your bonus will be placed in your account within 30 days of you and your friends meeting these requirements.

#2. Chase

One of the great business checking deals that Chase is now offering is this one. Earn $300 in bonus money by just keeping a minimum balance of $2,000 for 60 days after creating your new business account. Additionally, within the first 90 days, you must complete 5 qualifying transactions and have those funds available for use within the first month. With the Chase Business Complete BankingSM account, Chase makes it simple to save money for your company.

By providing your email and requesting a promotional code, you can sign up in person or start an account online. Your bonus will be added to your account within 15 days of meeting the bonus requirements.

#3. Revolut

Revolut accounts are simple to open online, and the first three months of Revolut Premium are free. You will receive a special link to download the app after entering your cellphone number. To open a new account, follow the instructions. To receive three months of the Premium plan for free, make your initial payment with a physical or virtual card.

#4. Upgrade

To receive a $200 welcome bonus from Upgrade, open a free Rewards Checking Account and meet the requirements for an Upgrade Card. You can use the Upgrade card, which combines a credit card and a line of credit, for regular transactions.

You can also get $200 by making three qualifying transactions with your new debit card. A minimum amount or direct deposit is not necessary to open a new account with Upgrade. Moreover, there is no ongoing maintenance charge. The credit check performed by Upgrade is often a soft pull, but they occasionally use a strong pull. However, your $200 incentive should post after your third debit transaction between 1-2 billing cycles, so that can also be useful.

#5. Axos

Speaking of investing, you can also utilize Axos to create a managed portfolio that allows commission-free trades or a self-directed account. You must deposit at least $2,000 into your new account within 60 days if you want the $200 welcome incentive. Additionally, you have to perform at least two transactions if you have a self-directed trading account. You’ll be qualified to collect your bonus within 30 days of doing that.

#6. NorthOne

The last bank on our list of the best bank bonuses without direct deposit is NorthOne. There is a fixed $10 monthly maintenance fee associated with a business banking account with NorthOne. You won’t be charged for ACH payments, purchases, deposits, app integrations, or transfers, though. If you fund your account with at least $1, you can try this account risk-free for three months. When you do, you’ll also be qualified for the $20 bonus, which can cover the cost of maintaining this new business account for the following three months.  

Best Bank Bonuses With Direct Deposit

#1. U.S. Bank 

The U.S. Bank SmartlyTM Checking account now has a new offering; it’s a terrific deal for new customers and has simple conditions. Earn up to $300 when you create a new U.S. Bank Smartly (TM) checking account that qualifies and carries out the required tasks, subject to certain conditions and restrictions. Offer good till 2/28/2023. FDIC member.

#2. Citigold®

Open a Citigold® Checking Account, deposit $10,000 or more in new-to-Citi money in eligible linked accounts within 20 days, and keep that balance for 60 days after the 21st day to qualify for this bonus. Your bonus is determined by the amount you deposit. After you finish all necessary tasks, the cash incentive will be deposited into your open, eligible account within 30 calendar days.

You are eligible to take advantage of the Welcome Checking Cash Bonus Offer in certain markets if you are at least 18 years old, have not owned a Citi checking account in the previous 180 days, supply or have a valid Form W-9 or Form W-8BEN on file with Citi®, and are not subject to backup withholding.

#3. Chase Total Checking®

The Chase Total Checking account is their most generous offer that is available to the majority of customers. Chase has long been a leader in promotional offers. Until you’ve seen a Chase bank promotion, you haven’t seen large dollar bonuses! On our Chase promotions page, I previously covered it. Open a new account within 90 days, set up direct deposit, and you’ll be eligible for the $200. which will be given to you within 15 business days. The incentive will be forfeited if the account is not kept open for at least six months.

If you receive a minimum daily amount of $1,500, maintain a monthly direct deposit of $500 or more, or have $5,000 or more in any combination of qualified Chase checking, savings, and other accounts, the $12 monthly service fee is waived for you.

#4. Chase Secure Banking

You will receive $100 from Chase Secure Banking when you open an account and carry out the necessary actions. Within 60 days of registration, participants must perform 10 eligible transactions; these include debit card purchases, online bill payments, Chase QuickDepositSM, Zelle®, and ACH credits. After fulfilling these, your bonus will show up in 15 days.

For this offer, there are no minimum deposit criteria and no direct deposit limitations, but you must maintain the account open for at least six months after enrolling in the program before the bonus is deducted.

#5. BMO Harris Premier™ 

When you open a BMO Harris PremierTM Account and receive at least $7,500 in eligible direct deposits during the first 90 days, BMO Harris will give you a $350 bonus* if your paycheck is bigger. It’s merely a bigger total direct deposit amount over the course of the 90 days; there are no other prerequisites.

The account does have a $25 monthly maintenance fee that is refundable, along with unlimited non-BMO Harris ATM transactions, a $25 monthly rebate on ATM fees from other banks, and a Relationship Package that offers greater rewards across a variety of product sets the longer you have a relationship with the bank. Additionally offered nationally.

Which Bank Has the Highest Bonus?

Best checking account bonuses

  • PNC Bank
  • BMO Harris
  • TD Bank
  • SoFi
  • Chase Bank bonus for college students.
  • M&T Bank
  • Wells Fargo

Which Bank Gives 7% Interest on Savings Accounts?

Banks in the US do not provide interest rates of 7%, but Landmark Credit Union does, with significant conditions and restrictions.

Which Bank Gives 7% Interest on Savings Accounts?

Best checking account bonuses:

  • Chase (Private Client)
  • Citibank
  • Huntington National Bank
  • PNC Bank
  • BMO Harris
  • TD Bank
  • SoFi

Which Bank Has the Best Offers Right Now?

Banking with Bank of America Advantage:

  • Wells Fargo Everyday Checking
  • Axos Rewards Checking
  • TD Bank Checking:
  • HSBC Premier Checking
  • U.S. Bank Smartly Checking
  • BMO Harris Checking

What Bank Is Better Than Wells Fargo?

Chase is a superior choice for the majority of clients since it has 4,000 more ATM locations than Wells Fargo, lower fees, and a greater selection of welcome bonuses. Additionally, Chase stands out as the best option for service members and veterans, waiving fees for bank accounts and ATM withdrawals.

Where Can I Put My Money to Earn the Most Interest?

Therefore, take into account these tactics if you have money saved up and wish to earn a greater rate of interest without taking on too much risk.

  • Change to a high-yield savings account.
  • Think about opening a reward checking account.
  • Benefit from bank bonuses
  • Check out a money market account.
  • Consult the credit union in your community.


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