Live Oak Bank is offering small businesses a $300 in bonus cash for opening a new business savings account.
Live Oak Bank is a fully digital, FDIC-insured bank that provides financial services to customers across the United States. With a focus on small business owners, Live Oak Bank is the leading SBA 7(a) lender by dollar volume and aims to be the go-to bank for small business owners looking to buy, build, expand, and operate their businesses.
See the Posts History below for all Live Oak Bank’s offers.
Live Oak Bank $300 Business Savings Bonus (Nationwide)
Big banks offer high fees and low interest rates. Enjoy a better way to save for your business. High-yield interest. No monthly maintenance fees. No minimum balance requirements.
- What you’ll get: $300
- Where it’s available: Nationwide
- How to earn it: First-time Live Oak business savings customers can take these steps to qualify:
- Deposit at least $30,000 into your savings account within 15 days of opening the account and no later than 5/31/23.
- Maintain a balance of $30,000 or more for 90 consecutive days and watch your business savings grow.
- Must be a first-time Live Oak business savings customer to be eligible for this bonus offer.
- When it expires: 5/31/2023
READ MORE: GET TOP OFFERS FROM CHASE, AXOS, BANK OF AMERICA, TD BANK AND U.S. BANK.
Waive The Monthly Fee
Their business savings account has no monthly maintenance fee.
Fine Print
- Customers must meet the following requirements to be eligible for the $300 bonus:
- The offer is only available to new business savings customers and only one bonus is available per business customer
or per authorized signer of more than one business entity. Fiduciary accounts (e.g., trusts) not eligible for this offer. - A new Live Oak Bank business savings account must be opened, approved and funded with at least $30,000 in new
money by 11:59 p.m. ET on 5/31/2023. Deposited funds must be collected within 15 days of account opening to be
eligible towards bonus offer. - Funds deposited by ACH, check, transfer, or wire must be drawn from an external financial institution to qualify.
Deposits transfers originating from an existing Live Oak Bank Personal or Business account via internal transfer, CD
redemption, check, ACH transfer, wire, or loan proceeds do not qualify for bonus offer. - A balance of $30,000 or more must be maintained for at least 90 consecutive days from the date of funding.
- The offer is only available to new business savings customers and only one bonus is available per business customer
- Opening of a new account will be subject to approval by Live Oak Banking Company in its sole discretion.
- Only one bonus offer per customer, business or authorized signer, will be awarded.
- Eligibility will be limited based on account ownership.
- The $300 cash bonus will be deposited to your open, eligible account within 45 days of the 90-day activity period ending.
- Live Oak Bank reserves the right to withdraw or withhold the bonus offer from any customer, with or without, notice if fraud or
gaming is suspected. - The bonus payout may be subject to tax reporting. Offer cannot be combined with any other savings offer.
- Offer expires on 11:59 p.m. ET on 5/31/2023.
- To receive this bonus, the new account must not be closed or restricted at the time of payout. Live Oak Bank employees do not qualify.
About Live Oak Bank
Small business owners have been impressed with Live Oak Bank. The bank’s focus on serving the needs of small businesses is evident in the range of services they offer, from the nation’s leading SBA lender to high-yield business savings accounts and small business checking accounts specifically designed for the self-employed.
They appreciate the convenience of being able to open and manage accounts online and the personalized support they receive from the bank.
Account Features
Live Oak Small Business Checking
- Open online in minutes
- Deposit checks, pay bills, initiate wire transfers online – whenever, wherever
- Over 55,000 free ATMs nationwide
- No account opening or monthly maintenance fees
- Dedicated customer service and onboarding support
Live Oak Small Business Savings
- 4.00% APY*
- Open online in minutes
- Simply fund your account by linking and transferring from an existing bank account
- No account opening or monthly maintenance fees
- Dedicated and personalized customer service
- FDIC insured up to $250,000
*Live Oak Bank Savings Annual Percentage Yield (APY) is valid as of 3/29/2023. Rates may change at any time without prior notice, before or after the account is opened.
Final Thoughts
Live Oak Bank is a fantastic option for small business owners looking for a dedicated, technology-focused banking partner. With its focus on serving small business needs, high-yield savings accounts, and free online management, it offers a convenient and cost-effective solution for business owners.
The bank’s commitment to innovative technology and one-on-one customer support make it a great choice for those who want a better banking experience.
Overall, Live Oak Bank is a great choice for small business owners looking for a bank that truly understands their needs and provides a range of services tailored to meet those needs.
Posts History for Live Oak:
- Live Oak Bank Promotions: Up to $300 Business Checking & Business Savings Bonuses (Nationwide) – Ended
- Live Oak Bank Personal & Business Savings Accounts Earn 4.00% APY (Nationwide)
- Earn Up To 5.00% APY: Live Oak Bank’s Best Personal & Business CD Account Rates (Nationwide)
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
