Deal is no longer being offered according to people going in branch. View the best current checking bonuses by clicking here.
Update 8/8/19: Deal has been extended, new promo code is BIZSUMBONUSMMDD4Offer2019. Unsure what the expiration date now is. Hat tip to reader Dith
Offer at a glance
- Maximum bonus amount:Â $400
- Availability:Â In branch only
- Direct deposit required:Â None
- Additional requirements:Â Make $5,000 in deposits
- Hard/soft pull:Â Soft
- ChexSystems:Mixed data points
- Credit card funding: Can fund up to $50 with a credit card online, but I assume no card funding in branch
- Monthly fees:Â None
- Early account termination fee:Â None
- Household limit: None listed
- Expiration date:Â Unknown
Contents
The Offer
No direct link, being offered in branch only
- U.S. Bank is offering a bonus of $400 when you open a new business checking account and complete the following requirements:
- Mention promo code BIZSUMBONUSMMDD4Offer2019
- Complete $5,000 in new money deposits within 30 days of account opening
The Fine Print
- New money deposit cannot be funds held by U.S. bank or affiliates
- Offer not valid if you or any signer on the account have an existing U.S. Bank Business checking account, had a U.S. Bank business checking account in the last 12 months, or received other U.S. Bank Business checking offers within the past 24 months
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Silver business checking account has no monthly fees to worry about.
Early Account Termination Fee
There is no early account termination fee to worry about
Our Verdict
We don’t usually see business offers that are publicly accessible and this bonus is easy to meet the requirements for and keep fee free. Because of that I will be adding this to our best checking bonus page.
Hat tip to reader Rod S
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
How long would you guys recommend keeping these accounts open after receiving the bonus? Would closing too soon affect ChexSystems or EWS?
Opened 10/28/22, fulfilled the deposit and transactions and got the $400 today. I did not see this account requires a minimum balance to keep the bonus or avoid fees or anything, so I guess I can transfer the initial deposit out to my other accounts now?
Code has changed and no longer requires going to a branch. There is also an extra $100 if you settle a payment. Finally, now only requires $1500 for 45 days
If you open a ‘business’ checking account, can you list this as income in your personal taxes or do you need to start filing business taxes? Especially if you do multiple business bonuses? Don’t currently have a valid business.
Offer valid through January 9, 2023. Promo code AF49ZCB.
Got that here: https://www.doctorofcredit.com/u-s-bank-300-business-checking-bonus/
Am I eligible for this if I already have a regular checking account and receiving a bonus for that one?
DP:
10/3: Opened Silver Business Checking using promo code Q3BUS22.
10/14: Completed $1500 deposit
11/4: Completed 10 purchases
11/10: $400 bonus posted
I opened at about the same time, and completed the requirements two weeks ago but haven’t got the bonus. One thing I realized is that my initial deposit check got returned and also charged a $15 fee (but my good deposits were still >1500), wondering if this would mess it up?
I don’t think that would mess it up. I would keep waiting and see if you get the bonus.
Anyone else have to show business documents or get registered with the state for their “business”?
Ok but the top of the post shows expired. The promo code you’ll need to enter is Q4BUS22.
USBank will not let me open a checking account, personal or business with them. I am in Connecticut.
The reason they give is that they cannot verify my data, I called to see what is missing they say they do not know why this happens.
If you’re out of their footprint, they typically require an existing relationship. If you open a brokerage account or credit card, you can probably open a checking account a few days later.
Can confirm. I opened brokerage account and then business checking a few days later. Will close brokerage soon.