Popular Bank’s $600 Business Checking Bonus: Requirements and Fees in 2026

Popular Bank is offering a $600 bonus to eligible new business checking customers in Florida, New Jersey and New York. The offer runs through November 30, 2026, and its main hurdle is keeping an average ledger balance of $2,500 while completing 15 qualifying transactions in the first 90 days.

There’s no direct deposit requirement listed. Still, the bonus isn’t automatically a good fit for every business: the account’s monthly fee, balance waiver threshold and the time your money needs to stay in the account all affect its value.

What you need to do

To qualify, open a new Popular Primary, Preferred or Platinum Business Checking account by November 30, 2026. Then fund it with new money within 30 days of opening. During the first 90 days, maintain an average ledger balance of at least $2,500 and complete at least 15 qualifying transactions.

The transactions can come from several ordinary account activities:

• Debit card purchases
• ATM deposits
• Online bill payments
• Incoming or outgoing wire transfers
• Incoming ACH deposits
• Incoming Zelle deposits
• Remote deposits made by mobile device or scanner

The source doesn’t specify a minimum amount for each transaction, or say that you must use a particular mix of transaction types. Businesses should check the offer terms and confirm how the bank counts activity before relying on a transaction toward the 15. The listed methods suggest the requirement can be met through routine payments and deposits, but the account still needs enough qualifying activity within the 90-day window.

Timing the balance and bonus

The $2,500 requirement is an average ledger balance over the first 90 days, rather than simply a one-time deposit of that amount. That distinction matters: a business that deposits enough money at the start and then spends most of it may not keep the required average. New money must arrive within 30 days of opening, so leave room in the schedule for the initial funding step as well as the full measurement period.

Popular Bank says it will deposit the bonus within 30 days after the end of the month in which the business meets all the requirements. The exact payout date therefore depends on when the 90-day conditions are completed and when that month ends. The account must remain open and in good standing when the bonus is paid.

For planning purposes, treat the bonus as money that may arrive after the qualification period, not as cash available to cover expenses during those first months. The offer details provided don’t state an early account-closing fee, so check the account terms before opening if you expect to move the business’s funds soon after qualifying.

Who can qualify

The offer is available in Florida, New Jersey and New York and is limited to new Popular Bank business checking customers. A business isn’t eligible if it currently has a Popular Bank business checking account. The offer also excludes a business that closed a Popular Bank business checking account on or after September 28, 2026, or whose business entity closed a Popular Bank account within the previous 12 months.

Only one bonus is allowed per business entity. Before applying, consider whether the business itself meets the history rules, rather than assuming a new account application alone establishes eligibility. The terms also require the account to be open and in good standing at payout.

Compare the monthly fees

The offer applies to three checking packages. Each has a monthly fee that can be waived by meeting a stated average checking balance threshold:

• Popular Primary Business Checking: $15 per month, or $0 with $5,000 in average checking balances.
• Popular Preferred Business Checking: $30 per month, or $0 with $20,000 in average checking balances.
• Popular Platinum Business Checking: $55 per month, or $0 with $50,000 in average checking balances.

The $2,500 average ledger balance needed for the bonus is below the stated balance threshold to waive the monthly fee on each package. That means meeting the bonus balance requirement by itself won’t meet any of the listed fee waiver thresholds. A business should compare the likely fees over the time it expects to hold the account with the $600 bonus, and account for any other fees or terms shown in the bank’s package details.

The offer summary identifies the inquiry type as a soft pull and says credit card funding isn’t available. It also lists no direct deposit requirement. The early account-closing fee is described as unknown, so review the bank’s offer and account disclosures for current details before deciding.

What to weigh before opening

This offer may suit a business that operates in one of the three eligible states, can keep at least $2,500 in the account on average for 90 days, and can route 15 qualifying transactions through it. It may be less appealing if the business would incur monthly fees, needs to keep its cash readily available elsewhere, or is unlikely to meet the activity requirement on time.

The useful comparison is not simply the $600 headline against the opening deposit. Include the account’s fee schedule, how long funds will be tied to the balance target, eligibility restrictions and the timing of the payout. Check the current offer page and account terms before opening, since those documents govern how Popular Bank applies the requirements.