Bell Bank is offering a $500 bonus for new small business checking customers in select Minnesota counties.
This promotion is targeted toward businesses located in:
- Crow Wing County
- Cass County
- Morrison County
- Aitkin County, Minnesota
The offer runs through September 30, 2026.
The offer is only available locally. If you’re looking for offers available nationwide, check out our top picks here—including huge offers from Chase, CIT Bank and Axos Bank that you won’t want to miss!
How to Earn the $500 Bonus
To qualify, businesses must:
- Open a new Bell Business Checking account
- Use promo code BAXBUS500
- Maintain a minimum daily balance of $5,000 for 90 days
- Complete at least 10 point-of-sale debit card transactions
- Keep the account open and active for the full qualification period
The bonus is deposited within 5 business days after requirements are met.
Trending Savings Account Deal:
Key Account Features
Bell highlights several free business banking features, including:
- Free business checking
- 1,000 free transactions per month
- Free mobile deposit
- Free online banking
- Free bill pay (20 free items monthly)
- Free standard checks
- Free basic Autobooks bookkeeping subscription
For small businesses that want integrated bookkeeping and payment tools, the included Autobooks subscription could add extra value.
Is This Bonus Worth It?
The $500 bonus itself is solid, but there’s an important catch: you must maintain a fairly large balance.
Holding $5,000 for 90 days means this offer is probably best suited for:
- Established small businesses
- Businesses with stable cash reserves
- Owners already keeping idle cash in checking
If your business normally carries a lower operating balance, the opportunity cost may outweigh the bonus.
Potential Downsides
A few things to keep in mind:
- Geographic restrictions apply
- Requires maintaining a $5,000 minimum daily balance
- Business accounts only
- Bonus may be reported on Form 1099-MISC
- One bonus per business
This is not the kind of easy “quick churn” bank bonus many consumers look for. It’s more attractive for local businesses already considering switching banks.
Final Thoughts
Overall, this is a decent regional business checking bonus, especially for Minnesota-based businesses that value relationship banking and already maintain healthy checking balances.
The free business tools and transaction allowances help make the offer more practical beyond just the signup incentive.
You can learn more through Bell Bank’s official website.
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