U.S. Bank $400/$900 Business Checking Bonus

Offer at a glance

  • Maximum bonus amount: $900
  • 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: January 15, 2025

The Offer

Direct link to 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.
    • 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

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
    • 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:
    William Charles
  • On October 2, 2024, 14:00
Tags: credit card fundingdirect deposit not requirednationwide bank bonusessoft pull

View Comments (224)

  • CC funding DP

    11/20 applied for $400 checking offer on silver business checking account as sole prop with EIN. When asked to fund account, I used Citi AAdvantage business card, funded $3000. Earlier that day I called Citi and requested they lower my cash advance limit to zero, which they did. I then placed a large purchase notification of $3000 in the citi app before funding the checking account.

    Application went into review. Shortly after, noticed a $1 charge and $1 refund in citi from US bank that coded as "mortgage companies - Financial institution".

    11/21 got an email requesting business license. I don't have a business license for my side hustle, so I decided to try an outside the box approach lol. First, some context. During the checking account application, it asks for the business category and I listed the info for my side hustle. Later on in the application, it asks about your "profession". Instead of listing the profession that my side hustle falls under, I listed my full time profession aka my actual career (I don't have a business for this though, I'm a w2 employee). This might have ended up helping me in the long run.

    Since they were requesting a business license to verify my business, I was worried they wouldn't approve me. I decided to throw a hail mary and uploaded my professional licensure from my w2 job / full time career, even though it didn't apply to the business for which I was applying for the business checking account. don't ask lol

    11/22 approved for business checking account. (yay)
    $3000 funding is showing up in the US bank account and is showing as pending in my Citi AA biz card, again as, "mortgage companies - Financial institution". I think this one is a success.

    Will update with DP's on the payout of the $400 bonus, although my priority was manufacturing spend on citi AA biz card, so i figured I would add that DP here now.

  • Applied on 11/20 as a sole prop with EIN, with an existing personal relationship (checking/savings/CCs). Application "denied" on website, but email said additional information was needed. Called the provide number and waited on hold for over an hour, ugh. CSR said I needed to upload additional docs which would be reviewed within 2 biz days.

    Received the additional docs email immediately and started the task. First step was a certificate of good standing, which is impossible to obtain for sole props. Uploaded a letter to that effect. Second step was an EIN confirmation, which I provided.

    Approved on 11/22. Funded $3k with Truist Enjoy Travel, which declined with a fraud alert. USB retried the transaction ~30 mins later without any intervention. Assuming it went through as a purchase because it was higher than my CA limit. Funds were immediately available.

  • Does earning $450 bonus on the Consumer Smartly checking account offer disqualify you from earning the business checking bonuses here?

    If I do this business checking I would also like to pair it up with the U.S. Bank Business Triple Cash Reward credit card to earn that $750 as well.

  • CC (US Bank Altitude Reserve) Funding DP: @2

    • CL is $10k, thus Cash Advance limit is $2.5k (it is usually 25% of your CL)
    • Funded $2.4k, first goes through as CA then will post a few days later at purchase 11/20/24

    • Thanks @guest_1956390

      For your USB Altitude Reserve, did you have to call customer service to enable cash advances? I read in some of the USB threads about the 25% CA limit, but that it may also require activation/enabling as some accounts might not have the ability

  • 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?

  • 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.

  • 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)

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