BayFirst National Bank Promotions: $500 Business Checking Bonus (FL)

Learn more about BayFirst National Bank bonuses, promotions, and offers here!

Update 8/21/25: There’s currently a $500 business checking bonus valid through 9/30/25.

BayFirst National Bank Bonuses Review

Headquartered in Saint Petersburg, BayFirst National Bank is the 32nd largest bank in the state of Florida and the 1,088th largest bank in the nation. It was established in 1999 and as of March of 2022, it had grown to 581 employees at 7 locations.

I’ll go over BayFirst National Bank offers below.

BayFirst National Bank $500 Business Checking Bonus

• What you’ll get: $500 Bonus
• Availability: FL
• Direct Deposit Requirement: No
• Credit Inquiry: Soft Pull
• Monthly Fees: None with Free Business Checking
• Early Termination Fee: Unknown
• How to earn it:
  • To qualify for the $500 bonus, you must open a new BayFirst business checking account and you must qualify to open a business checking account in accordance with our normal standards.
  • Account must remain open to receive the $500 bonus.
  • BayFirst will match $500 if deposits total $10,000 or more within a single monthly statement cycle within the first 3 cycles of account opening.
  • At the end of each monthly statement cycle, a deposit match of $250 will be deposited for up to 2 monthly statement cycles, totaling up to $500.

(Expires 09/30/2025)

Fine Print

BayFirst National Bank $500 Checking & Savings Bonus (Expired)

• What you’ll get: $500 Bonus
• Availability: FL
• Direct Deposit Requirement: Yes
• Credit Inquiry: Soft Pull
• Monthly Fees: $0-$10; see below on how to waive
• Early Termination Fee: Unknown
• How to earn it:
  • To qualify for the $400 bonus, you must be a new BayFirst checking customer and qualified to open a checking account in accordance with our normal standards.
  • You must establish direct deposit to your new account.
  • Your account must remain open in order to receive the $400 bonus.
  • At the end of each monthly statement cycle a deposit match of $100 will be deposited for up to 4 monthly statement cycles, totaling up to $400.
  • Each monthly direct deposit must equal $100 or more to qualify for the monthly bonus match.

(Expires 03/16/2024)

Fine Print

• To qualify for the $400 bonus, you must be a new BayFirst checking customer and qualified to open a checking account in accordance with our normal standards. You must establish direct deposit to your new account. Your account must remain open in order to receive the $400 bonus. At the end of each monthly statement cycle a deposit match of $100 will be deposited for up to 4 monthly statement cycles, totaling up to $400. Each monthly direct deposit must equal $100 or more to qualify for the monthly bonus match. This offer cannot be combined with any other offers or coupons, may change at any time, and may be withdrawn at any time. This offer applies to simply free checking accounts only. There is a $100 minimum to open and no minimum balance required. The $400 bonus will be reported to the IRS in accordance with applicable law. This is not an interest-bearing account. Offer not available for BayLive Checking Accounts. Offer expires 03/16/2024.

BayFirst National Bank $150 Kids Savings Bonus (Expired)

• What you’ll get: $150 Bonus
• Availability: FL (Bank Locator)
• Direct Deposit Requirement: No
• Credit Inquiry: Soft Pull
• Monthly Fees: $0-$10; see below on how to waive
• Early Termination Fee: Unknown
• How to earn it:
  • To qualify for the $150 Cash Kids Club bonus, You must be new BayFirst customer and qualified to open an account.
  • BayFirst will match and pay up to $25 for deposits made per statement cycle for the first six statement cycles.
  • To receive bonus payment, account must be open at least until bonus payment is credited to the account.
  • Payment will be made each statement cycle.

(Expires 03/16/2024)

Fine Print

• Cash Kids Club: To qualify for the $150 bonus, you must be a new BayFirst savings customer and qualified to open a savings account in accordance with our normal standards.
• Account must remain open to receive the $150 bonus.
• At the end of each monthly statement cycle a deposit match of up to $25 will be deposited for up to 6 monthly statement cycles, totaling up to $150.
• Each monthly deposit, auto transfer, or direct deposit must equal $25 or more to qualify for the monthly bonus match. This offer cannot be combined with any other offers or coupons, may change or be withdrawn at any time. This offer applies to Cash Kids’ Savings accounts only.
• Cash Kids Club Savings is a tiered, interest-bearing savings account.
• The interest rate and corresponding annual percentage yield (APY) are tiered. If the daily balance in the account is $500.00 or less, the interest rate paid on the entire balance will be 4.92% with an APY of 5.04%. An interest rate of 2.97% will be applied on daily balances between $501.00 and $3,000, the APY for this tier will range from 5.04% to 3.35% depending on the balance in the account.
• An interest rate of 1.73% will be applied on daily balances above $3,000, the APY for this tier will range from 3.35% to 1.75%, depending on the balance in the account.
• Interest rate is effective as of 01/09/24.
• Rates are variable and are subject to change at the bank’s discretion.
• Rates are calculated on a daily balance method. Fees may reduce earnings. No minimum balance requirement. Minimum to open is $10.00.
• Limited to one Cash Kids Club Savings account per child. You may make six (6) withdrawals/transfers from your account each month, by pre-authorized or automatic transfer, or telephone (including data transmission) agreement, order or instruction.
• Transfers and withdrawals made in person, by mail, or at an ATM are unlimited.
• The methods of account access vary by product type, and certain account access methods may not be available with all products.
• At the age of thirteen (13), the account will be converted to a Statement Savings account.
• Offer expires 03/16/2024.

How to Avoid Monthly Fees

• Simply Free: None
• Advantage Interest: $10 monthly fee, waivable by keeping your minimum balance above $2,500.
• TrendSetters: None
• Essential: $1.95 monthly fee
• Free Business: None
• NOW Business Interest: $15 monthly fee
• Commercial Interest: $15 monthly fee, waived with a balance of $25,000
• Classic Business: $15 monthly fee

Author’s Verdict

Consequently, make sure to check out BayFirst National Bank to learn more about the current promotions! Furthermore, this bonus is fairly straightforward and easy to earn, so take advantage if it interests you! Be sure to read all the fine print and follow the bonus requirements

Additionally, for more current offers, check out our bank bonuses page. Furthermore, compare BayFirst National Bank rates for CDs and Savings with our best rates for Savings and CD accounts.

Be sure to check more popular bank promotions include Chase Bank, Bank of America, Citi, Discover Bank, CIT Bank, TD Bank, Huntington Bank, HSBC Bank, Wells Fargo and many more.