U.S. Bank $500/$900 Business Checking Bonus

Update 1/18/25: Extended to March 31, 2025. Lowest tier is now $500 (was $400). $900 bonus now only requires a $25,000 bonus instead of $30,000.

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 Q1AFL25.
    • Earn $900 when you open a Platinum Business Checking Account package
      • Deposit at least $25,000 in new money within 30 days of account opening
      • Maintain at least that balance for 60 days after opening the account
      • Complete 5 qualifying transactions.
    • 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
      • Complete 5 qualifying transactions.

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

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    William Charles
  • On January 18, 2025, 22:10
Tags: credit card fundingdirect deposit not requirednationwide bank bonusessoft pull

View Comments (646)

  • does my 3k initial funding count towards my 5k new money needed for the Silver package? thanks

  • Just a watch out to verify your accounts are properly closed.

    My P2 and I had called in in early February to close our Silver accounts, but oddly, P2's account didn't close. We logged in yesterday, about a month after initially calling in, and it still showed up as open, so we called again to process it. Mine had closed and I received a final statement, but oddly, not for P2

  • Anyone know when the 5 transactions requirement was added? I opened this on 1/3/2025 and don't remember seeing that, but forgot to do a screen grab... doh. I assume it's when it went from $400 to $500?

    • I also opened on 1/3/25 and printed the page. It does not have the 5 transaction requirement. Just either Earn $400 with depositing $5,000 or $900 depositing $30,000 with the promo code Q4AFL24 which looks like was available until January 15. 60 days was March 4. When are you moving your funds out? Maybe I'll wait until Friday to be sure.

      • Thanks! I am going to try using it tomorrow to do a $5k ACH "payroll" push to the Sofi account I just opened to hopefully get that bonus. I'd say 61 days is clearly enough...

  • anyone tried to fund 3k using Venture X as opening deposit? It got coded as "other services" and currently, it hasn't been counted towards the 4k SUB requirement yet, would it gets changed later on?

  • Anyone didn’t get the bonus immediately?
    Opened 1/25
    1/27 initial deposit 100
    1/31 2k from chase
    2/3 3k from chase
    *noticed the 5 transaction
    2/11 5x Zelle payments

    • No one gets the bonus immediately, and you haven’t even met the requirements yet lol. You have to hold the $5k balance until the 60th day after account opening. Then have some patience, and wait to get paid…

  • I'm confused about the 5 qualifying transactions part. It says Zelle is fine BUT person to person payment is not fine? So if I zelle from my account to another person zelle, is it a qualifying transaction?

    • Nope, it’s normal. Some of us even get “denied”, but then receive an email asking for docs.

      • Yeah as soon as I typed this I got that request. Fingers crossed. I lost my job and really, really need this bonus to stretch my emergency savings

        • Sorry to hear that. Any reason you’re going for a biz bonus that requires tying up funds, instead of a personal bonus?

          • ARGH I think I'm screwed. My "business" is too informal, I don't have these docs. Thankfully my husband has a super legitimate Etsy business, he got a 1099k last year and all this crap they're asking for. I don't know how to get anything with an EIN or "filed tax documents" because my sales were too low for a 1099k

          • It's higher. I don't need the money yet, my husband makes decent money but job hunting is going poorly. I can definitely let it sit for 60 days.

            Do you have advice for me about these documents? I sell on Ebay. I downloaded an excel document with my sales but the second screen is asking for :

            • Valid government-issued business license
            • Letter from the Secretary of State
            • Operating agreement
            • Articles of incorporation

            What even is that crap??

          • i uploaded my EIN letter twice - once where it asked for EIN, and once where it asked for 1 of those 4 business documents, which i dont have. my acct was approved

          • If you applied with an EIN, it should ask for your confirmation letter or something to that effect for one of the steps. You should have a confirmation letter from the IRS that will satisfy that step.

            For the step with the other docs you listed, I just uploaded a letter I typed stating none of those documents are required for sole props.

          • Basically I told them, in nicer terms, that they were silly to be asking me for those documents for a sole prop 🤣

          • I applied as sol prop with my SS#. How does that work?

            Like I can type the letter as you stated?

          • Yeah, I only mentioned the EIN step because you mentioned an EIN in your other comment. If you applied with an SS#, you won’t have that step.

            The docs you listed sounds exactly like my second step, IIRC. Hopefully you get approved!

  • Seems like if you have the funds it makes more sense for P1 and P2 to both open lower tier accounts and get $1000? You don't have to deposit as much and don't have to worry about fees. That's what I think we're going to be doing.

  • Yesterday I called BofA to zero out the cash advance so I can fund the account. After funding, I enrolled online but I didnt see the $3,000 deposit after enrollment while my card was showing a $1 pending charge. Anyone have any idea if the Alaska funding worked or not? I am worried.

    • Any update on this? My understanding is that they may code as cash advance to start but then post as a normal purchase so I don't think you can zero out the cash advance limit.

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