Simmons Bank Business Checking Bonus: Earn Up to $900 with Tiered Balances

If you run a business in the South-Central U.S., here's a chance to pad your operating account with some extra cash. Simmons Bank is running a promotion where new business checking customers can earn up to $900 in bonuses. It's not just a flat amount—you can stack bonuses across multiple statement cycles if you keep the right balances. Let's break down how it works and what you need to watch out for.

How to Snag the Full $900

The path to the maximum bonus is straightforward but requires some planning. You'll need to open a qualifying business checking account at a branch between June 15 and August 15, 2026, using promo code BC2. Then, you have to meet the balance requirements in at least three of the first five statement cycles after opening.

Here's the kicker: you can earn a bonus each cycle, but only one per cycle. So to hit $900, you'd need to qualify for the top tier ($300) in three separate months. That means keeping an average daily balance of $15,000 or more during each of those cycles. If your balance dips to $10,000, you'd get $150 for that cycle, and at $7,500, it's $100.

The bank calculates your average daily balance by adding up each day's balance and dividing by the number of days in the cycle. So it's not about hitting a minimum on a single day—it's about maintaining a consistent balance throughout the month.

• Tier 1: $300 bonus for average daily balance of $15,000+
• Tier 2: $150 bonus for average daily balance of $10,000+
• Tier 3: $100 bonus for average daily balance of $7,500+
• You can earn up to 3 bonuses in the first 5 statement cycles

The Fine Print That Could Trip You Up

Before you rush to a branch, there are a few eligibility rules to keep in mind. This offer is only for business entities—public funds, trusts, financial institutions, and political action committees are out. Also, you can't have an existing Simmons Bank business checking account (like Simply Business or Business Core) as of June 15, 2026.

You'll also need to have received the promo code directly from Simmons Bank—by mail, email, or phone—and use it when opening the account. So don't just walk in and expect the offer; you might need to request a code or check your inbox.

Another requirement: you must enroll in online banking and log in at least once every 90 days during the promotional period. That's easy to forget, but it's crucial to keep the bonus alive. And of course, the account has to stay open and in good standing until the bonus is credited.

• Eligible entities: business entities, excluding public funds, trusts, financial institutions, PACs
• Must not have existing Simmons business checking account as of June 15, 2026
• Must have received promo code from Simmons Bank and use it at account opening
• Must maintain active online banking (log in every 90 days)

Fees and How to Avoid Them

The Business Core Checking account has a $5 monthly maintenance fee. But you can dodge that easily by keeping a minimum daily balance of $1,000 every day of the month, or by having an open business loan with Simmons. If you're planning to park $15,000 for the bonus, the fee won't be an issue anyway.

As for early account termination, I didn't spot any mention of a specific fee in the bank's fee schedule. That's a good sign, but it's always wise to ask a banker directly before closing the account after the bonus posts. Some banks have hidden penalties, so clarify upfront.

One more thing: the bonus is considered interest income, so you'll get a 1099-INT and owe taxes on it. Factor that into your expected return.

• $5 monthly fee waived with $1,000 minimum daily balance or open business loan
• No early termination fee found in fee schedule, but confirm with banker
• Bonus reported as interest income on 1099-INT

Bottom Line

• To get the full $900, you'll need to maintain a $15,000 average daily balance for at least three statement cycles within the first five.
• The offer requires an in-branch visit and a promo code from Simmons Bank—don't forget to bring it.
• Watch the monthly fee: keep $1,000 daily balance or have a business loan to avoid it.
• Bonuses are taxable, so set aside a portion for taxes.

Common Questions