5 Best Business Bank Account Promotions & Offers of March 2023: Top Picks for Entrepreneurs

In the competitive world of business banking, financial institutions are continuously offering attractive promotions and bonuses to entice new customers. As an entrepreneur or small business owner, finding the best business bank account deals can not only save you money but also provide additional perks that can benefit your company’s financial standing.

For the month of March 2023, we have identified five outstanding business bank account promotions and offers that cater to various needs and requirements. These offers range from cash bonuses to competitive interest rates, ensuring that there’s something for every business, regardless of size or industry. To make the most of these promotions, it’s crucial to keep an eye on the qualifying activities and requirements before opening an account.

1. Best for Small Businesses

For small businesses seeking the best bank account promotions and offers in March 2023, BlueVine Business Checking stands out as a top choice. This fully-online business checking account allows businesses to bank from anywhere, offering a convenient option for small business owners who value accessibility and flexibility.

Some key features of BlueVine Business Checking include:

  • No monthly fees or minimum balance requirements
  • 1.0% interest on balances up to $100,000
  • Unlimited transactions with no additional fees
  • Access to a wide network of ATMs for cash withdrawals
  • Mobile check deposit and bill pay capabilities

Aside from BlueVine, other bank account promotions for small businesses in March 2023 include:


Bank Promotion
U.S. Bank $500 business checking bonus
Brex Up to $500 cash management business account bonus
PNC Bank $200 business checking bonus
Huntington $100, $400, or $750 business checking bonus

Remember to thoroughly research each bank and their specific requirements to ensure the best fit for your small business needs.

2. Best for Freelancers and Independent Contractors

Freelancers and independent contractors require a business banking solution that offers flexibility, low fees, and integration with financial tools. Here are some top options in March 2023:

Grasshopper Bank: This bank offers a free online business checking account with attractive interest options, including up to 1.51% APY on your account balance and 1% cashback on qualified purchases. Its online platform allows for easy management of finances on-the-go.

Lili: Lili is designed specifically for freelancers and independent contractors. It has features such as real-time expense tracking and an integrated tax savings tool to help with financial management. There are no monthly fees, and the account comes with a free debit card and access to a large ATM network.

Chase Business Complete: Ideal for freelancers needing a more comprehensive business banking solution, the Chase Business Complete account offers cash management tools, including the QuickAccept app for accepting payments on your phone and online. Their fees may vary depending on your transaction volume.

Relay: Featured by Merchant Maverick, Relay is another excellent option for freelancers and independent contractors. The bank offers a range of features like free bill pay, no minimum balance requirements, QuickBooks integration, and no monthly fees.

Bank of America: The Small Business Checking account from Bank of America has a wide array of services, including cash flow management tools and the option to integrate with popular accounting software. This account may have fees depending on the usage, but is a viable option for freelancers desiring advanced features.

3. Best for Start-ups

When it comes to start-ups, selecting a business bank account with the right features and benefits is essential for success. The best banks for start-ups offer competitive promotions, convenient services, and support tailored to the unique needs of new businesses.

Chase Bank stands out as a top choice for start-ups due to its Chase Business Complete Banking promotion. This offer includes a $300 bonus, and Chase provides an array of services designed to help small businesses grow.

Another great option for start-ups seeking a generous promotion is the U.S. Bank Business Checking account. With qualifying activities, new account holders can secure a $500 bonus. U.S. Bank is known for its customer support and comprehensive business banking services, which can be invaluable assets for new entrepreneurs.

Several digital business checking accounts cater specifically to the needs of start-ups. These accounts, such as Novo business bank account, are designed with modern entrepreneurs in mind, providing convenient access to banking services via mobile and online platforms.

When evaluating start-up bank account options, consider the following factors:

  • Signup bonuses and promotions
  • Fee structures and monthly maintenance costs
  • Access to online and mobile banking tools
  • Customer support and advisory services

Choosing the right business bank account for your start-up is crucial in navigating the complexities of entrepreneurship and setting your venture up for success.

4. Best for Established Businesses

For established businesses seeking to capitalize on the best bank account promotions in March 2023, a few stand-out offers cater specifically to their needs. These promotions provide added incentives for businesses with a solid financial foundation and looking to grow further.

U.S. Bank: Earn $500 Cash Back

U.S. Bank is offering a $500 bonus for new business checking account customers. To qualify for this promotion, account holders must fulfill specific requirements, such as maintaining a required average balance and completing specific numbers and types of transactions within the first few months of opening the account. This offer is particularly attractive to established businesses that already have a steady cash flow and transaction volume, as they can quickly meet the requirements and benefit from the generous bonus.

Bank of America: Earn up to $500 Cash Back & Statement Credits

Bank of America presents a valuable offer for established businesses, providing up to $500 in cash back and statement credits. To be eligible, new business checking account customers must fulfill certain requirements, such as making qualifying deposits and purchases with a linked Bank of America business credit or debit card within a specific timeframe. This promotion is beneficial for businesses with substantial financial activity, as it rewards both deposit and spending behavior.

Axos Business Checking: $100 or $200 bonus

Axos Bank offers a flexible promotion for business checking accounts, providing either a $100 or $200 bonus, depending on the account type chosen. Account holders must meet specific transaction and deposit requirements to qualify for the bonus. This flexibility is advantageous for established businesses, as they can choose the account type that aligns most closely with their existing financial activities, making it easier to fulfill the promotion requirements and earn the bonus.

5. Best for No or Low Fees

When looking for a business bank account that provides the best value in terms of low or no fees, it is essential to compare various banks’ offerings. In this section, we will cover five banks that are known for their low fees or no-fee account options for businesses.

1. BlueVine Business Checking
BlueVine is a well-regarded online business banking provider known for its fee-free business checking account. They offer no monthly service fees, no ATM fees at over 38,000 ATMs, and no wire transfer fees for incoming wires.

2. Novo Business Checking
Novo is an online-only banking option for small businesses and entrepreneurs, offering a no-fee business checking account. They do not charge any monthly service fees, and there are no ATM fees at 30,000+ in-network ATMs.

3. Lili Banking for Freelancers
Lili is an online banking platform specifically designed for freelancers and independent contractors. With a Lili account, there are no monthly fees, no minimum balance requirements, and no fees to receive payments through direct deposit or digital wallets.

4. NBKC Business Account
The NBKC Business Account offers a no-fee checking account with unlimited transactions and no restrictions on deposits. Additionally, they provide free online banking, bill pay, and eStatements. They also offer free overdraft protection with a linked NBKC savings account.

5. Radius Bank Tailored Checking
Radius Bank offers a business checking account called Tailored Checking with a low fee structure. The monthly fee can be waived if the account maintains a balance of $5,000 or more. There are no fees for unlimited transactions, and the account comes with free online and mobile banking.


In summary, there are several noteworthy business bank account promotions and offers available in March 2023. Some of the top offers include PNC Bank’s $200 cash bonus, U.S. Bank’s $500 business checking bonus, and Brex’s up to $500 cash management business account bonus.

When selecting a business bank account, it is crucial to consider not only promotional offers but also the account features, fees, and long-term benefits. Some popular options with competitive features include Grasshopper’s Business Checking Account and the various checking accounts recommended by Forbes Advisor.

Before settling on a bank account for your business, be sure to thoroughly research each institution and offer, as well as evaluate how well the account aligns with your specific business needs. By taking the time to compare various offers and features, you can find the best business bank account to support your company’s financial operations and growth.

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