[Expired] U.S. Bank $400 Checking & $100 Savings Bonus [Last Days]

Deal has ended, view the best bank bonuses by clicking here.

Offer at a glance

• Maximum bonus amount: $500
• Availability: Nationwide (excludes NY unless you have an existing relationship)
• Direct deposit required: $1,000 – $5,000+
• Additional requirements: See below
• Hard/soft pull: Soft
• ChexSystems: Mixed data points
• Credit card funding: Can fund up to $250 with a credit card
• Monthly fees: $24.95
• Early account termination fee: None
• Household limit: One
• Expiration date: December 14, 2020

The Offer

Direct link to offer

• U.S. Bank is offering a $400 checking & $100 savings bonus. Bonuses are as follows:
  • Earn a $400 bonus when you open a new checking account and eStatements by December 18, 2020. Bonus you receive depends on recurring direct deposits of two or more that total (within 60 days of account opening):
    • $1,000-$1,999.99 to earn $100;
    • $2,000-$4,999.99 to earn $200;
    • $4,000 or more to earn $400 (this might actually be $5,000+ based on the $200 tier)
  • Earn a bonus of up to $100 when you open a new savings account. There are two tiers (must deposit by December 21, maintain it through June 21, 2021):
    • Make deposit(s) of $2,500 to $4,999.99 to earn $50
    • Make deposit(s) of $5,000 to earn $100

The Fine Print

Checking bonus:

• A minimum deposit of $25 is required to open a U.S. Bank checking account.
• To earn your $100, $200 or $400 bonus, open a new U.S. Bank consumer checking account (excluding Student Checking and Safe Debit Account) from November 5 through and including December 14, 2020.
• Additionally, you must complete recurring direct deposits of two or more that total: $1,000-$1,999.99 to earn $100; $2,000-$4,999.99 to earn $200; $4,000 or more to earn $400 within 60 days of account opening and be enrolled in e-statements by December 18, 2020.
• The checking account bonus will be deposited into your new checking account within 60 days of direct deposit verification, and verification of enrollment in e-statements.
• The account must be open and have a positive balance.
• Bonus will be reported as interest earned on IRS Form 1099-INT and recipient is responsible for any applicable taxes.
• Offer may not be combined with any other checking account bonus offers.
• Offer is not valid if you or any signer on the account have an existing U.S. Bank consumer checking account, had a U.S. Bank consumer checking account in the last six months, or received other U.S. Bank checking bonus offers within the past 12 months.

Savings bonus:

• A $25 minimum deposit is required to open a new U.S. Bank Standard Savings account.
• To earn your $50 or $100 bonus, open a new U.S. Bank Standard Savings account from November 5 through and including December 14, 2020.
• Additionally, you must make deposit(s) of $2,500 to $4,999.99 to earn $50; $5,000 or more to earn $100 by December 21, 2020 then maintain a minimum total account balance of $2,500 or more to earn $50; $5,000 or more to earn $100 through June 21, 2021.
• The savings account bonus will be credited to your new savings account based on both balance date terms within 60 days after verification of the maintained balance.
• Offer is not valid if you or any signer on the account has an existing U.S. Bank consumer savings account, had a U.S.
• Bank consumer savings account in the last six months, or received other U.S. Bank savings bonus offers within the past 12 months.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Easy Checking

This account has a $6.95 monthly fee and is waived if you meet any of the following requiremnets:

• Combined monthly direct deposits totaling $1000+ – or –
• Average account balance of $1,500.- or –
• Account holder(s) age 65 or greater.

Gold Checking

This account has a $14.95 monthly fee but is waived if you have a U.S. Bank credit card. Many of us have a U.S. Bank personal credit card like Altitude, Flexperks, or Cash+ which would work to keep the account fee-free. Another option is to get the Gold account and get the fee waived if you have a good credit score and join the Because You’ve Earned It program. 

Early Account Termination Fee

There is no early account termination fee to worry about

Our Verdict

Basically the same requirements as the $300 checking bonus. This bonus is definitely worth doing if you’re eligible, just remember you can’t have received a U.S. Bank checking bonus in the last 12 months. We will add this to our list of the best bank account bonuses.

Hat tip to reader sp

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