Exciting Update 4/28/24: We have amazing news for new business checking customers! Our terms have been updated to offer an exclusive deal.
Attention existing business customers – if you already have a business checking account or had one within the last 12 months, unfortunately, you do not qualify for this fantastic offer.
Huge shoutout to Mark E for bringing this to our attention!
Latest Updates:
4/24/24: Extended until August 30, 2024
2/1/24: Extended until April 23, 2024
1/9/24: Extended until January 31, 2024
1/7/24: Extension now until 1/31
Offer Highlights
Maximum Bonus Amount: $800
Availability: Nationwide (excludes NY & FL and any other state without a branch unless you have an existing relationship)
Direct Deposit Required: None
Additional Requirements: See below
Hard/Soft Pull: Soft pull
ChexSystems: Mixed data points
Credit Card Funding: Can fund up to $3,000 with a credit card
Monthly Fees: None with paperless statements
Early Account Termination Fee: None
Household Limit: None
Expiration Date: 1/8/2024
The Offer
Don’t miss out on this exclusive offer – click here to learn more!
- U.S. Bank is thrilled to offer a bonus of up to $800 when you open a new Silver, Gold, or Platinum Business Checking account and meet the following requirements:
- Use promo code Q1AFL24
- Enroll in the U.S. Bank Mobile App or U.S. Bank Online Banking within 60 days of opening your account.
- Bonus:
- Earn $350 when you deposit $5,000
- Earn $800 when you deposit $25,000
The Fine Print
- Promo code Q3AFL23 MUST be used when opening the business checking account. Limit of one Business Checking bonus per business. A $100 minimum deposit is required to open a U.S. Bank Silver, Gold, Gold with Interest or Platinum Business Checking account.
- Bonus Options
- Earn your $350 Business Checking bonus by opening a new U.S. Bank Silver, Gold, Gold with Interest, or Platinum Business Checking account between 9/05/2023 and 1/8/2024. You must make new deposit(s) of at least $5,000 in new money deposits within 30 days of account opening and maintain a balance of at least $5,000 until the 60th day after account opening. The new money cannot be from an account at U.S. Bank or its Affiliates. or
- Earn your $800 Business Checking bonus by opening a U.S. Bank Silver, Gold, Gold with Interest, or Platinum Business Checking account between 9/05/2023 and 1/8/2024. You must make new deposit(s) of at least $25,000 in new money deposits within 30 days of account opening and maintain a balance of at least $25,000 until the 60th day after account opening. The new money cannot be from an account at U.S. Bank or its Affiliates.
- The business checking bonus will be deposited into your new U.S. Bank Silver, Gold, or Platinum Business Checking account within 30 days following the last calendar day of the month you complete all the offer requirements, as long as the account is open and has a positive available balance. Offer may not be combined with any other business checking account bonus offers. Offer is not valid if you or any signer on the new business checking account have an existing U.S. Bank Business Checking account or had a U.S. Bank Business Checking account in the last 12 months.
- All bank account bonuses are treated as income/interest and as such, you have to pay taxes on them
Avoiding Fees
Monthly Fees
Enjoy no monthly fees with the Silver account as long as you opt-in for paperless statements.
Early Account Termination Fee
Rest easy – there is no early account termination fee to worry about.
Our Verdict
While not as lucrative as past offers, like the recent $750 bonus that only required $15,000 in deposits, this $800 bonus opportunity requires a $25,000 deposit. Remember, you need to maintain the funds for 60 days (technically only need to keep them for 31 days, just deposit by day 30 and maintain through day 61), so it’s a significant commitment, especially given the current high-interest rates. Due to this, we won’t be adding this to our list of the best bank account bonuses.
For more information on bank bonuses and how to make the most of them, check out the helpful posts below.
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
