Available primarily in the SouthEast, SouthState Bank is offering a $400 welcome bonus when you open a new business checking account and complete qualifying activities. Don't worry, they're not egregious! You'll have your choice of making debit card purchases or ACH deposits.
This is a very easy bonus to earn, and we haven't seen a business bonus from SouthState before, so we'd recommend jumping on this if you're in the market.
What's more? SouthState regularly offers a $200 personal checking bonus as well so you can open up both and earn some solid cash!
How To Earn The Bonus
The SouthState Bank Business Checking promotion requires you to optionally, deposit and maintain a minimum balance and make purchases using the account's card in order to earn the $400 bonus (step-by-step breakdown is listed above!).
As with any offer, don't forget to read the fine print before opening your new account. It's where the bank will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.
The fine print
- Offer is limited to one per business, cannot be combined with any other business checking or deposit offer, or reproduced, purchased, sold, transferred or traded.
- At account opening, the business cannot have another SouthState business/commercial checking account, or have had a SouthState business/commercial checking account in the past 12 months.
- Internal account transfers, mobile deposits, debit card deposits, and deposits made at a banking location or ATM do not qualify as an ACH Credit for purposes of this promotion.
- Your account must be open with no changes to the product type (i.e. Small Business Checking, Business Gold Checking, Community Checking, Commercial Checking, etc.) at the time of payment.
Open a Business Checking account before the bonus expires
How does this business checking offer from SouthState Bank compare?
To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:
Chase
Chase Business Complete Checking®
- Bonus
- $300
- Account Type
- Business Checking
- Expires In
- 29 days
- Requires
- Min Balance
- Card Spend (optional)
Axos
Business Interest Checking
- Bonus
- up to $400
- Account Type
- Business Checking
- Expires In
- 15 days
- Requires
- Min Balance
- Bill Pay
- Card Spend
Bank of America
Bank of America® Business Advantage Banking
- Bonus
- $200
- Account Type
- Business Checking
- Expires In
- 378 days
- Requires
- Min Balance
Why SouthState Bank?
SouthState has 160 physical branches located throughout Georgia, North Carolina, South Carolina and Virginia. They offer banking, loans, credit cards, and investment accounts that cover personal, business and commercial customers.
Overall, they're a convenient choice if you live near their branches, but they have a small footprint, no ATM network partners or reimbursements, and their mobile app has mixed reviews.
Small Business Checking
First 150 debits, credits or deposit items per statement cycle at no cost; $0.35 per item thereafter.Fees
Small Business Checking does not charge a monthly maintenance fee.
Business Gold Checking
First 350 debits, credits & deposited items per statement cycle at no cost; $0.40 per item thereafter.Fees
Business Gold Checking does charge a monthly maintenance fee of $15, but there are ways to get this waived:
- Maintain a $2,500 average daily balance in checking
- OR, Maintain a $10,000 minimum daily balance in other combined deposits
- OR, Maintain a $10,000 minimum daily balance in outstanding combined loan balances
- OR, Have 15 posted and cleared SouthState debit card purchases/payments
Apply now for a Business Checking account to earn the $400 bonus offer
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