Read on to learn more about Live Oak Bank promotions, bonuses, and offers.
Currently, they have a $300 bonus when you open a business checking account and business savings account and meet all the requirements.
About Live Oak Bank Promotions
Live Oak is a digitally focused, FDIC-insured bank serving customers across the country. They are the #1 SBA 7(a) lender by dollar volume in the country with a mission is to be America’s small business bank.
They aim to fulfill that mission through banking products that help business owners buy, build, expand and operate their business, along with FDIC-insured high-yield savings and CDs to grow their hard-earned money.
Their greater vision is to redefine banking infrastructure.
They continuously invest in technology solutions that will reinvent the banking experience.
I’ll review the offers below.
Live Oak Bank $300 Business Checking & Savings Bonus
- What you’ll get: $300 cash bonus
- Account Type: Business Checking & Savings Account
- Availability: Nationwide
- Live Oak’s small business checking account account and business savings account are relevant to small business owners in all 50 states.
- Direct Deposit Requirement: None
- Opening Deposit: $100 minimum deposit to open a business checking account
- Credit Inquiry: No
- ChexSystems: No
- Credit Card Funding: None
- Fees:
- Monthly Fees: $0
- Transaction Fees: $0, 3% on foreign transactions
- ATM Fees: $0 fee on 55,000+ in-network ATMs
- Early Account Termination Fee: None
- Household Limit: None listed
(Expires 03/31/2023)
How To Earn Bonus
$150 cash bonus for business savings:
- Open a Live Oak business savings account between 2/15/23 and 3/31/2023.
- Deposit at least $10,000 into your account by 3/31/2023.
- Maintain a balance of $10,000 or more for 90 days and watch your business savings grow with 4.00% APY*.
- Must be a first-time Live Oak business savings customer to be eligible for this bonus offer.
$150 cash bonus for small business checking:
- Open a new Live Oak Bank business checking account between 2/15/2023 and 3/31/2023.
- Deposit at least $2,000 into your new business checking account within 90 days of opening.
- Make 20 qualified transactions within 90 days of opening your account.
- Must be a first-time Live Oak small business checking customer to be eligible for this bonus offer.
- Business Banking Built for the Self-Employed
- Designed with simplicity for newly-formed businesses, solopreneurs, gig-workers, freelancers, and side-hustlers
- 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
- Important Information about this Business Savings Bonus Offer:
- Bonus offer is only available to new business savings customers. One offer per business or per authorized signer. To be eligible for the $150 bonus offer, a new Live Oak Bank business savings account must be opened, approved and funded with at least $10,000 in new money by 11:59 p.m. ET on 3/31/2023.
- A balance of $10,000 or more must be maintained for at least 90 days from the date of funding. 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.
- This bonus offer is available to new business savings customers. The opening of a new account will be subject to approval. Only one bonus offer per customer, business or authorized signer, will be awarded. Eligibility will be limited based on account ownership. Deposited funds must be collected to be eligible towards bonus offer. The $150 cash bonus will be deposited to your open, eligible account within 45 days of the 90-day activity period ends. 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. Fiduciary accounts (e.g., trusts) not eligible for this offer. Offer cannot be combined with any other savings offer and is limited to one bonus per account and per authorized signer.
- Offer expires on 11:59 p.m. ET on 3/31/2023.
- 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.
- Important Information about this Small Business Checking Account Bonus Offer:
- Bonus offer is only available to new small business checking customers. One offer per business or per authorized signer. To be eligible for the $150 bonus offer, a new Live Oak Bank small business checking account must be opened and approved by 11:59 p.m. ET on 3/31/2023.
- The customer must also deposit at least $2,000 of new money into the small business checking account within 90 days of opening the account. 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.
- The customer must also make 20 qualified transactions within 90 days of opening the account. Qualifying debit transactions include ATM withdrawals, debit card purchases, ACH payments, and paid checks. Each transaction must equal at least $20. Internal transfers, fees, debit card refunds and transaction reversals do not count as qualifying transactions for bonus offer.
- The opening of a new account will be subject to approval. Only one bonus offer per customer, business or authorized signer, will be awarded. Eligibility will be limited based on account ownership. Deposited funds must be collected to be eligible towards bonus offer. The $150 cash bonus will be deposited to your open, eligible account within 45 days of the 90-day activity period ends. 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.
- Fiduciary accounts (e.g., trusts) not eligible for this offer. Offer cannot be combined with any other checking offer and is limited to one bonus per account and per authorized signer.
- Offer expires on 11:59 p.m. ET on 3/31/2023.
- 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.
- * Live Oak Bank Savings Annual Percentage Yield (APY) is valid as of 2/14/2023. Rates may change at any time without prior notice, before or after the account is opened.
Live Oak Bank $300 Business Savings Bonus
- What you’ll get: $300 cash bonus
- Account Type: Business Savings Account
- Availability: Nationwide
- Live Oak’s small business business savings account are relevant to small business owners in all 50 states.
- Direct Deposit Requirement: None
- Opening Deposit: None
- Credit Inquiry: No
- ChexSystems: No
- Credit Card Funding: None
- Fees:
- Monthly Fees: $0
- Transaction Fees: $0, 3% on foreign transactions
- ATM Fees: $0 fee on 55,000+ in-network ATMs
- Early Account Termination Fee: None
- Household Limit: None listed
How To Earn Bonus
- Earn $300 when you open a new Live Oak business savings account between 4/3/23 and 5/31/23.
- 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. See full terms and conditions.
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.
- 4.00% APY (accurate as of 03/29/23) – one of the best rates for business savings in the country
- No online banking or monthly maintenance fees
- No minimum balance requirements
- Open account online in minutes
- Human-powered support
- Available to businesses nationwide
- FDIC insured up to $250,000
How To Waive Monthly Fees
- Business Checking: No monthly fees
- Business Savings Account: No monthly fees
Compare Live Oak Business Offers
Bottom Line
Lastly, the bonus at the Live Oak Bank offers a wide variety of account features to help you in any situation.
Additionally, your feedback is highly appreciated and makes our site even better!
*Compare Live Oak Bank Promotions with other bank bonuses from banks like Huntington, HSBC, Chase, TD, Bank of America, Citi, and more!*
Furthermore, you may want to check out our full list of Bank Rates and CD Rates.
Furthermore, check back at this page for updated Live Oak Bank promotions, bonuses and offers.
*Compare this offer to our list of business banking offers and business savings rates.
Just (Feb 7, 2023 10:49am EST) Spoke with Caleb at LiveOak Bank and they are unaware of this offer::
Live Oak Bank Promotions: $300 Business Checking & Savings Bonus (Nationwide) – Ends 3/31/23
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