[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:
    William Charles
  • On January 26, 2023, 20:43
Tags: bignationwide bank bonusessoft pullu.s. bank

View Comments (998)

  • The link shows a new offer valid through June 30th, 2023:

    - Earn $500 when you deposit $5,000.
    - Earn $750 when you deposit $15,000.

  • DP – Bonus-earning and account-closing data points:
    – 4/26/2022 – Account (Silver Business Checking) opened online with $100
    – 5/2/2022 – $5,100 transferred in from E*Trade
    – 7/11/2022 – $300 bonus deposited into account
    – 5/18/2023 – Requested that account be closed (via phone). Told closure would take one or two days. Removed from online view within a few days.

      • I'm not sure what you mean by "trial deposits". To link the account from E*Trade, I did opt to have E*Trade send two small verification deposits. However, I don't believe I had to. I always voluntarily opt for going this route instead of Plaid.

  • 1/27/23 – Opened account and funded $200 using Citi DoubleCash
    2/03/23 - $3k ACH push from Capital One
    3/23/23 – Did a bunch of ACH transfers
    4/24/23 – $400 bonus posted

    I got hit with the $6 service fee on 3/14/23. I spoke with a rep and they insisted that the fee is valid due to my activity in the month of February and they are unable to reverse the fee. The only transaction that occurred on my account in February was the $3k ACH push from Capital One and the rep insists the fee was because of this ACH transaction. I'm pretty annoyed with this and I will try calling again to see if a different rep would be able to help out.

  • 1) 1/30/23 – Opened account and funded with $200 via CHase
    2) 2/21/23 – $3,000 deposit check in branch
    3) 2/24/23 – All 5 transactions completed
    4) 4/1/23 – 60 days from account opening mark
    5) 4/24/23 – $400 bonus posted, “Adjusted Interest”

  • UPDATE: Timeline

    1) 1/3/23 – Opened account and funded with $200 via CC
    2) 1/10/23 – $250 deposit via Discover push
    3) 1/13/23 – $2,800 deposit via Discover push
    4) 1/23/23 – All 5 transactions completed
    5) 3/4/23 – 60 days from account opening mark
    6) 4/18/23 – 105 days (60 + 45) from account opening mark
    7) 4/24/23 - $400 bonus posted, "Adjusted Interest"

    It looks like all of the complaints may have made a dent in their initial resistance to paying out or someone over at US Bank found the error and corrected it. Thanks to everyone who took the time to fight back!

    P.S. - US Bank did not respond to my CFPB complaint (yet) but noticed from other comments that they did for others. It could be because I had an active ticket in their system.

    • Finally received the $400 business checking bonus from my application in January. The waiting game has not been a good experience, but at least the bank paid out.

  • Another DP on the bonus just posting, opened 1/3. Guess they got tired of all the messages they were receiving, wonder if anyone received a bonus that didn't hit the requirements

  • P1 qualified 1/2 & P2 qualified 2/13 - both bonuses paid out today like everyone else. Thank you to whoever at USB noticed there was a problem (all the noise made by several on DoC probably helped too! It takes a village sometimes lol) Now I wait for the Leverage cards we opened to pay out & I can move on from USBank...unless another Biz card or 2 is in my future since USB is being so generous...

  • Opened 2/09. I made the final discover saving ach transfer on 2/24. Adjusted interested +400 on 4/24. LFG!!

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