[Expired] U.S. Bank $400 Business Checking Bonus

Update 1/31/23: There’s now a better $500 bonus through March 31, 2022

Update 1/27/23: Deal is back and valid until December 31, 2023.

Update 1/2/23: Deal is back and valid until January 9, 2023. Hat tip to Sharee

Update 9/2/22: Bonus is now $400 instead of $300. Hat tip to reader Ted

Offer at a glance

• Maximum bonus amount: $400
• 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 $200 with a credit card
• Monthly fees: None with paperless statements
• Early account termination fee: None
• Household limit: None
• Expiration date: December 22, 2022

The Offer

Direct link to offer

• U.S. Bank is offering a bonus of $400 when you open a new Silver, Gold or Platinum Business Checking account and complete the following requirements:
  • Use promo code AF49ZCB
  • Deposit $3,000 within 30 days of account opening and maintain that for at least 60 days
  • Complete 5 qualifying transactions within 60 days of account opening
  • Enroll In the U.S. Bank Mobile App or U.S. Bank Online Banking within 60 days of account opening.

 

 

The Fine Print

• Promo code GP20QB5 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 or Platinum Business Checking account.
• Earn your $300 Business Checking bonus by opening a new U.S. Bank Silver Business Checking, Gold Business Checking or Platinum Business Checking account before December 22, 2021.
• You must make new deposit(s) of at least $3,000 in new money deposits (Direct, Mobile, ACH or Wires) within 30 days of account opening and then maintain a balance of at least $3,000 through 60 days after account opening.
• The new money deposit cannot be funds held by U.S. Bank or its affiliates. Additionally, an individual signer on the new checking account must be enrolled in U.S. Bank Online Banking or the U.S. Bank Mobile App within 60 days of account opening.
• The Business Checking bonus will be deposited into your new U.S. Bank business checking account within 45 days of deposit verification, as long as the account is open and has a positive 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 24 months. All regular account-opening procedures apply.
• For a comprehensive list of checking account pricing, terms and policies, reference your Business Pricing Information document.
• This document can be obtained by contacting a U.S. Bank branch or calling 800-872-2657.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Silver account has no monthly fees to worry about as long as you opt in for paperless statements.

Early Account Termination Fee

There is no early account termination fee to worry about

Our Verdict

Unlike the recent $750 business checking bonus, this one doesn’t require merchant services. Not as good as the $400 business checking bonus we’ve also seen before, but we haven’t seen that since 2019 so I’d recommend going for this $300 bonus if you have a business and we will add this to our list of the best bank account bonuses.

Hat tip to reader Terp

Useful posts regarding bank bonuses:

• 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