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.
Designed with simplicity for newly-formed businesses, solopreneurs, gig-workers, freelancers, and side-hustlers.
Move Money with Ease
Deposit checks, pay bills, initiate transfers online – whenever, wherever.
No Hidden Fees
No account opening or monthly maintenance fees.
You're only as good as your team. Work with real people, not robots.
This account is a good fit for businesses that:
Take payment via Venmo, Square, PayPal or Stripe
Make smaller or limited monthly transactions
The business owner manages the finances
Do not need to make cash deposits
Use QuickBooks to manage business finances
"Live Oak exceeded my expectations of an online bank. I assumed it would be all self-service. That changed when my Onboarding Guide JT introduced himself and helped me navigate new account setup, wire transfers, and answered my questions. I'm excited to have JT on my team as my business banker."
Ron, Small Business Checking Customer
Live Oak's small business checking account is safe and secure without slowing you down. All Live Oak Bank accounts are insured by the FDIC2 for up to $250,000.
This feature enables you to freeze the usage of your debit card while allowing recurring transactions to go through
This added layer of security protects you and your transactions
With Mastercard® Zero Liability Policy, you won't be held responsible for unauthorized transactions3
Spend more time on your business and less time opening a checking account. Here are the main documents and information you need to open your new small business checking account.
Social Security Number
External bank account number & routing number
Articles of Organization document
$100 minimum to open an account
Yes - 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 here to search any location: https://www.allpointnetwork.com/locator.aspx
If you choose to use an out-of-network ATM, Live Oak Bank won't charge you a fee, but the ATM owner may.
You can withdraw up to $1,000.00 from an ATM per day (this resets at midnight Central Time). If you would like to increase this daily limit, please contact a Customer Success Manager at 866.518.0286, Monday through Friday, 8:00 a.m. – 8:00 p.m. ET.
ACH transfers can be initiated in online banking to and from linked external accounts.
Incoming wire transfers are received at no fee. For outgoing, domestic wire transfers, you will incur a $19 fee.
Our Customer Success Managers are available Monday through Friday 8:00 a.m – 8:00 p.m. ET. You can reach them by calling 866.518.0286.
You may also request account support or access helpful resources by visiting our support site.
1. 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.
2. Live Oak Bank is a member of the Federal Deposit Insurance Corporation (FDIC). As a Live Oak Bank customer, your Live Oak Bank deposits are insured by the FDIC up to $250,000 per depositor, for each account ownership category.
3. Live Oak Bank won't hold you responsible for “unauthorized transactions.” As a Mastercard cardholder, Zero Liability applies to your purchases made in the store, over the telephone, online, or via a mobile device and ATM transactions. As a cardholder, you will not be held responsible for unauthorized transactions if:
If you have questions regarding Zero Liability coverage or you suspect unauthorized use of your card, contact Live Oak Bank IMMEDIATELY.