Offer at a glance
- Maximum bonus amount:Â $900
- Availability:Â Nationwide (excludes NY & FL and any other state without a branch unless you have an existing relationship)
- Direct deposit required:Â None
- Additional requirements:Â See below
- Hard/soft pull:Â Soft pull
- ChexSystems:Â Mixed data points
- Credit card funding:Â Can fund up to $3,000 with a credit card
- Monthly fees:Â None with paperless statements
- Early account termination fee:Â None
- Household limit:Â None
- Expiration date:Â January 15, 2025
Contents
The Offer
- U.S. Bank is offering a bonus of up to $900 when you open a new business checking account when you use promo code Q4AFL24.Â
- Earn $900 when you open a Platinum Business Checking Account package
- Deposit at least $30,000 in new money within 30 days of account opening
- Maintain at least that balance for 60 days after opening the account
- Earn $400 when you open a Silver Business Checking Account package
- Deposit at least $5,000 in new money within 30 days of account opening (Silver or Business Essentials)
- Maintain at least that balance for 60 days after opening the account
- Earn $900 when you open a Platinum Business Checking Account package
The Fine Print
- 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.
- Platinum account has a $30 monthly fee, this is waived if you
- Â An active U.S. Bank Payment Solutions Merchant Account or
- $25,000 average collected checking balance $75,000 combined average collected business deposits and outstanding business credit balances
Early Account Termination Fee
There is no early account termination fee to worry about
Our Verdict
Previously there was a $800 business checking bonus with the same requirements as the current $900 bonus but it only required a silver account which is much easier to keep fee free. Because of that I think the old $800 bonus is actually better. That being said the new $400 bonus is the exact same requirements as the old $300 bonus with the same account needing to be opened so that is an improvement and worth doing. Given the churn period is now only 12 months I do think the $400 bonus is worth doing and we will add it to our best business bank bonus page.
Hat tip to reader Jack
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
CC Funding DP:
11/20: Submitted application for Business Silver account after receiving my Venture X. Registered as a sole proprietor. Instant Approval. Funded $3000 with Venture X. Coded as Purchase “Other Services”. US Bank also did a $1 charge – likely to test the card.
I’m seeing a much smaller footprint in the T&C: Promo code Q4AFL24 MUST be used when opening a U.S. Bank Silver, Platinum, or Business Essentials (Available in AZ, NV, CO, NM, OH, IN, KY and TN) Business Checking account.
Has anyone successfully applied outside of those states but inside the US Bank footprint?
1929126
That’s for that specific account only.
I was charge $9 Analysis Service Charge to my US bank business checking account that I opened about one month ago. I have paperless setting. Does anyone know what this fee is for? I haven’t done any wire transfers.
Maybe call the bank to ask.
Did you make cash deposits? Get check images? The fee schedule lists the fees:
https://www.usbank.com/dam/documents/pdf/business-banking/business-pricing-information/deposit-products.pdf
I redeemed cashback rewards from one of my US Bank business credit cards into the business checking account. If this is what caused $9, it’s very stupid.
I will call the bank to ask next week.
Datapoint: Opening $3k credit card (Barclay arrival+) posted as a purchase on 11/6/24.
Ditto. Opened $3k credit card (PayPal Mastercard Cashback) posted as purchase on 11/4/24.
Went to review, approved a few hours later. I have a CC with them and an open personal checking. My Chex was frozen, and I don’t see an attempt to pull it (usually if I apply for something with Chex frozen and the bank tries to pull it, the attempt(s) has been appearing in the Inquiries Viewed Only By You section)
Never opened a business checking account before. I don’t have a business. Do they verify anything? I mean, I sell stuff on FB marketplace…that’s about it.
Also, can anyone confirm recently (Oct/Nov) that you can still fund $3K via CC?
They don’t verified anything. $3k funding works as of 2024-11-11
can i open a platinum, do the $900 deal, and then downgrade to a silver acct to keep it fee free?
Has anybody done it for an LLC and a SP?
so if I’ve had a personal checking in the past 12 months I can still get this right?
Do you think a biz savings account with them would count for this? “Existing customers (businesses) with a business checking account or customers (businesses) who had an account in the last 12 months, do not qualify.” Specifically, it talks about a biz checking account within the last 12 months, but also about customers (businesses) who’ve had an account within the last 12 months. What is “an account” to them? Also, if you do $3k cc funding, can you remove most of this back out, as long as you have the required amount settled on the account before the 30 days?
And yes, you are free to deposit and withdraw whatever you want during the first 30 days.
++ thanks