Business Checking $200 Bonus

Online Business Checking Accounts for Modern Businesses

Experience online business checking with an unlimited number of transactions. Earn a $200 bonus2 when you maintain a $5,000 daily average balance for 90 days. Get streamlined tools, low fees and support from a U.S.-based team.

Compare OptionsOpen Account

Business Checking Accounts Your Way

Choose a checking account that meets the needs of your business. Whether you're just starting out or processing thousands of transactions, we make opening a business checking account online simple, secure, and fast.

$200 Bonus2

Business Essential Checking

Straightforward, everyday
business checking

Ideal for core, day-to-day business banking needs with a simple digital experience that works for teams of any size.

  • Easily connect with QuickBooks
  • Unlimited number of transactions
  • Free withdrawals at 55,000+ Allpoint® ATMs3
  • Customizable permissions and robust online banking capabilities
How to Qualify
  1. Open a Business Essentials Checking account by April 30
    (New customers or those without any existing Live Oak Bank checking account.)
  2. Deposit $5,000 in New Money by April 30
    (External transfers only; internal transfers don’t qualify.)
  3. Maintain an average daily balance of $5,000 for 90 days
    (Starting after April 30; account must stay open and unrestricted.)

Earn $200 if all requirements are met.

Read full disclosures

$10/month waivable with a $1,000 average daily balance

Open Account

Business Plus Checking

Flexible business checking for growing operational needs

Built for businesses that need more robust money-movement tools and additional account controls.

  • ACH collections and payments
  • Online wire transfers
  • Enhanced employee permissions and account controls
  • Advanced cashflow features

$25/month waivable with a $25,000 average daily balance

Open Account

Business Plus Analysis

Advanced business checking built for greater financial complexity

Designed for companies with significant daily balances and more sophisticated cash management workflows.

  • Account analysis and aggregation features
  • Ideal for businesses managing significant cash flows
  • Broader capabilities suited for complex or multi-entity operations

$100/month earnings credit can offset fees

Contact Us

Are you an existing Business Savings customer?
Please start your account opening here.

How to Earn $200 in 90 Days

1

Open a Business Essential Checking Account

Open a Business Essential checking account by April 30th, 2026.

2

Fund Your Account & Maintain Balance

Deposit $5,000 by 4/30/26 and maintain that average daily balance for 90 days beginning 5/1/26.

3

Get Your $200 Bonus2

Live Oak will deposit your $200 bonus2 into your Business Essentials checking account after you have completed all qualifying activities.

Top Features of Our Online Business Checking Accounts

Money Management

  • Unlimited number of transactions
  • Flexible debit card use with free withdrawals at over 55,000 Allpoint® ATMs3
  • Easy money movement to make payments and deposit checks on the go

Business Management

  • Connect with QuickBooks
  • Set employee permissions and customize alerts in online banking

Support & Security

  • Waivable monthly service fees (based on balance requirements)4
  • Dedicated support from our U.S.-based team
  • Fraud protection with built in safeguards and Mastercard® Zero Liability5
Female business owner on her laptop checking her balance and exploring features for her new business checking account

Compare All Business Checking Accounts

  Business Essential Business Plus Business Plus Analysis
Features
External Transfers
Mobile Deposit
Bill Pay
QuickBooks Integration
Permissions and Access Controls
Alert Preferences
Combined Account Analysis -- --
Earnings Credit -- --
Add-On Features (available for additional fees)
Multi-Company View
ACH Positive Pay (Credit and Debit)
Check Positive Pay
Insured Cash Sweep (ICS)
ACH Collections and EFTPS --
ACH Payments and EFTPS --
Online Wire Originations --
Remote Deposit Capture (RDC) --
Sweeps --
Payroll Drawdown --
Fee and Payment Structure*
Minimum Deposit to Open $100 $100 $100
Monthly

Business Essential

$10/month; Monthly fee waived with $1,000 average daily balance
Open Account

Business Plus

$25/month; Monthly fee waived with $25,000 average daily balance
Open Account

Business Plus Analysis

$100/month; Contact us to learn how your balance can offset monthly fees
Contact Us
  Open Account Open Account Contact Us

Still not sure? Contact a specialist at (866)518-0286, Monday through Friday, 8:00 a.m.–11:00 p.m. ET.

*Other fees and charges may apply. Please refer to the Business Schedule of Fees / Schedule of Limitations associated with your account type.

Customer Testimonials

Sincere and professional staff make the banking experience easy. Live Oak Bank offers rates and services at what I consider the best value around.

Michael B.

When I call in with questions, they are always so nice and helpful. I have spoken to Chris several times and he has always helped me quickly and efficiently.

Christa D.

Their team was knowledgeable, responsive, and genuinely invested in helping my business succeed… I’ve worked with many banks in the past, but Live Oak Bank truly stands out for their customer service, SBA expertise, and commitment to supporting entrepreneurs…
Thank you again to the entire team—you’ve earned a long-term client!

Jose T.

Insured Cash Sweep Account*

Eliminate the administrative burden of managing multiple bank relationships just to stay within FDIC limits. With an Insured Cash Sweep account*, you can consolidate your funds at Live Oak Bank and receive extended coverage at no extra cost. It’s a seamless way to minimize risk and simplify your financial management through one easy-to-use login.

Green shield icon representing minimized risk of our business checking accounts

Minimize Risk

Expand FDIC insurance coverage while earning a competitive rate.

Green circle icon representing no fees with our business checking accounts

No Fees

Receive extended FDIC coverage at no additional cost.

Green merging icon representing consolidation relationship with our business checking

Consolidated Relationship

Access additional coverage without opening accounts at multiple banks.

Learn More
*Deposit placement through CDARS or ICS is subject to the terms, conditions, and disclosures in applicable agreements. Live Oak requires a minimum balance of $350,000 to enroll in our Insured Cash Sweep program. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). Additionally, all deposits at a destination bank in the same ownership category will be aggregated for the SMDIA. The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS or ICS satisfies any restrictions on its deposits. A list identifying IntraFi network banks appears at https://www.intrafi.com/network-banks. The depositor may exclude banks from eligibility to receive its funds. Certain conditions must be satisfied for “pass-through” FDIC deposit insurance coverage to apply. IntraFi Cash Service and the IntraFi hexagon are service marks, and IntraFi, ICS, and CDARS are registered service marks of IntraFi Network LLC.

Account Safety and security

At Live Oak, we believe digital banking should never come at the expense of your peace of mind. Our infrastructure combines advanced technology with the personalized oversight of our dedicated, U.S.-based team. From multi-party payment approvals to real-time monitoring, we provide the industrial-grade protection your business deserves, backed by real people you can actually talk to.

 

Green checkmark icon representing multiple approvals for security with our business checking

Multi-Approval

Set customizable controls requiring multiple parties to approve outgoing payments.

Green security icon representing two factor authentication with our business checking accounts

Two-Factor Authentication

This added layer of security protects you and your transactions.

Green spyglass icon representing fraud protection with our business checking accounts

Fraud Protection

With Mastercard® Zero Liability Policy,5 you won’t be held responsible for unauthorized debit card transactions.

What you need to open a business checking account

What You'll Need to Apply

Have a few details ready about yourself and your business to help streamline the process when you apply for a business checking account online. You’ll need:

  • Basic personal information and a government issued ID
  • Your business name, EIN (or SSN for sole proprietors)
  • Formation documents based on your business type
Full List of Requirements
Live Oak Bank Loves Small Businesses

Live Oak Loves Small Businesses

At Live Oak, we’re more than just a bank – we’re partners in our customers’ success stories. That’s why we’re thrilled to showcase the real people and businesses we’re proud to support.

We’ve empowered 60,000+ small business owners and are so proud to spotlight their incredible journeys and inspire others.

Explore Stories

Business Checking Accounts FAQ

Live Oak provides built-in security features to help safeguard your business, including two-factor authentication, customizable approval controls, real-time fraud monitoring, and Mastercard® Zero Liability5 protection for unauthorized debit card transactions. You can also set alerts and permissions to keep activity transparent and secure.

You’ll need your basic personal information, a government issued ID, your business name, EIN (or SSN for sole proprietors), and formation documents based on your business type.

Yes. Many business owners switch to access better digital tools, enhanced security, or specialized support. For step-by-step guidance, visit our resource on how to switch business checking accounts.

To replace your debit card, complete the following steps:

  • Sign in to your Live Oak account via the Live Oak mobile app or Online Banking at https://www.liveoak.bank/.
  • Find the card you are looking to replace and select “Card Center” in the banner.
  • Tell us why you are replacing your debit card so that we can take the appropriate measures in keeping your account secure.

We have partnered with the AllPoint network to provide you the freedom to get cash where you want, when you want, where you are. With over 55,000 ATMs in the Allpoint Network, it’s never been more convenient to find a free ATM near you.

The Allpoint ATM finder makes it easy to find a free ATM nearby. Click the following link to search any location: https://www.allpointnetwork.com/locator.aspx

If you choose to use an out-of-network ATM3, Live Oak Bank won’t charge you a fee, but the ATM owner may.

View More FAQs

Helpful Resources

View All