Offer at a glance
- Maximum bonus amount: $900
- Availability: AR, TX, TN, OK, MO & KS, in branch
- Direct deposit required: No
- Additional requirements: See below
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: Unknown
- Monthly fees: None
- Early account termination fee: Unknown
- Household limit: None
- Expiration date: December 31, 2025
Contents
The Offer
- Simmons Bank is offering a $900 bonus when you open a new business checking account and complete the following requirements:
- Use promo code BCP
- Have active digital banking
- Keep an average balance requirement (see tiers below)
The Fine Print
- “Eligible Customers” (1) are business entities, excluding public funds, trusts, financial institutions, or political action committees; (2) must qualify for an Account in Simmons Bank’s sole discretion; (3) may not have an existing Simmons Bank Simply Business 50 Checking, Simply Business 250 Checking, Simply Business 500 Checking, Business Core Checking, Business Plus Checking, Business Pro Checking, Non-Profit Business Checking, or Non-Profit Checking account per the bank’s records as of July 23, 2025; and (4) must have received a specified promo code (by mail, email, phone or otherwise) and use the promo code at Account opening.
- First, open a new Business Core Checking, Business Plus Checking, Business Pro Checking, or Non-Profit Checking account using the specified promo code at a branch between July 23, 2025 and December 5, 2025.
- Second, enroll in Online Banking and maintain active Online Banking by accessing the Account via the Simmons Bank Mobile app or on our website at simmonsbank.com and again thereafter every ninety (90) days during the promotional period.
- Third, maintain the Account as open and in good standing (as determined by Simmons Bank) from the date the Account is assigned an account number (“Account Opening Date”) until the Bonus is awarded.
- Fourth, meet all requirements for one of the following Bonus tiers during one (1) (or more) of the first five (5) statement cycles after the Account Opening Date. A maximum of three (3) Bonuses may be earned within the first five (5) statement cycles after the Account Opening Date.
- Tier 1 – Earn $300 for the statement cycle Maintain an average daily balance of $15,000 or more during the statement cycle.1
- Tier 2 – Earn $150 for the statement cycle Maintain an average daily balance of $10,000 or more during the statement cycle.1
- Tier 3 – Earn $100 for the statement cycle Maintain an average daily balance of $7,500 or more during the statement cycle.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Business core checking has a $5 monthly fee that is waived with any of the following:
- $1,000 minimum daily balance each day of the month
- Have an Open Business Loan
Early Account Termination Fee
I wasn’t able to find any mention of one in the fee schedule.
Our Verdict
For the full bonus you’d need a $15,000 balance for three months, that works out to be a 24% APY and worth doing. Will add this to our list of the best saving account bonuses.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
