Update 11/5/24: Extended to 12/30
Update 10/13/24: Stacking with a portal is more difficult now, can try to follow these directions. (see also this comment)
Update 9/23/24: Extended to 10/31
Update 9/1/24: Back to $101 on MyPoints.
Update 7/17/24: Anti churning language is now 12 months instead of 24. Hopefully this is a permanent change going forward.
Note: You can also get another $88-$100+ via portal. Portals don’t always show this amount so if not a big offer I’d recommend waiting.
Offer at a glance
- Maximum bonus amount: $450 + $100
- Availability: Nationwide (excludes NY & FL and any other state without a branch unless you have an existing relationship)
- Direct deposit required: Yes
- Additional requirements: None
- Hard/soft pull: Soft
- ChexSystems: Mixed data points
- Credit card funding: Can fund up to $250 with a credit card
- Monthly fees: $6.95, avoidable
- Early account termination fee: None
- Household limit: None
- Expiration date:
September 26, 2024December 30, 2024
Contents
The Offer
- U.S. Bank is offering a $450 bonus when you open a new Smartly checking account when you use promo code 2024nov.Requirements are as follows:
- Checking bonus:
- Earn $250 when the combined total of your direct deposits is between $2,000 and $4,999.99
- Earn $350 when the combined total of your direct deposits is between $5,000 and $7,999.99.
- Earn $450 when the combined total of your direct deposits is $8,000 or more.
- Checking bonus:
The Fine Print
- U.S. Bank Smartly® Checking bonus: To be eligible, you or any owner(s) on your new Bank Smartly Checking account cannot have an existing U.S. Bank consumer checking account, had a U.S. Bank consumer checking account in the last 12 months or received other U.S. Bank consumer checking bonus offers within the past 12 months.
- You must also use the promo code 2024JUL at account opening. To receive the bonus, you must open a new U.S. Bank Smartly® Checking account with a minimum deposit of $25 either online, in a branch or over the phone from July 9, 2024 through and including September 26, 2024.
- Additionally, you must enroll in the U.S. Bank Mobile App or online banking within 90 days of opening your account.
- You must also complete two or more direct deposits within 90 days of opening your account that total: $2,000 to $4,999.99 to earn the $250 bonus, $5,000 to $7,999.99 to earn the $350 bonus, or $8,000 or more to earn the $450 bonus.
- A direct deposit is an electronic deposit of your paycheck made through the Automated Clearing House (ACH) network or an electronic deposit of your government benefits, such as Social Security, from your employer or the government.
- Other electronic deposits or person-to-person payments are not considered a direct deposit. Your checking bonus (“adjusted interest”) will be credited to your new checking account within 60 days following the end of the calendar month during which you completed all the offer requirements.
- Account must be open and have a positive balance to receive the bonus. 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.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
U.S. Bank Smartly has a $6.95 monthly fee, this is waived if you do any of the following:
- Have combined monthly direct deposits totaling $1,000 or more
- Keep a minimum average account balance of $1,500 or more
- Hold an eligible U.S. Bank credit card
- Qualify for one of the four Smart Rewards™ tiers (Primary, Plus, Premium or Pinnacle)
- Be a military member (requires self disclosure)
- Be under the age of 24 or over the age of 65
Early Account Termination Fee
There is no early account termination fee to worry about
Our Verdict
Not as good as the recent $500 bonus unfortunately. That being said this bonus is churnable (can’t have had an account within the past 12 months) meaning it’s probably worth resetting that clock as soon as possible rather than waiting for a marginally bigger bonus to potentially return. Because of that we will add this to our list of the best bank account bonuses.
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
This $450 offer ends in 10 days.
Does the $500 offer come and go? I’m deciding whether to wait for a new offer in January, but maybe there will be zero. It seems like they start these in the spring?
Fidelity CMA $1,000 push completed yesterday. Bonus tracker not showing anything yet. Is this normal or will it take a few days?
Very likely will update overnight, or by Monday… no reason to believe it didn’t work.
Frank Rizzo
I’ve noticed that the “current total of direct deposits” in the Progress Tracker updates at around 3:30 PM PST on the day after a direct deposit posts.
Of course I am in NYC and this is not available here
10/16/2024: Opened
10/30: $4,100 ACH push from Fidelity Brokerage
11/4: $4,200 ACH push from Fidelity Brokerage
12/13: $450 posted as “Adjusted Interest”
Nov 27, 2024: Applied/approved/funded with $50 from Chase
Nov 29: $3,010 ACH push from Fidelity Brokerage
Dec 2: $3,009 ACH push from Fidelity Brokerage
Dec 13: $450 posted as “ Interest Adj Q4 2024 EDD Test$450 Cash Offer”
You opened your account during the offer period that runs from 11/5/24 thru 12/30/24. The corresponding offer requires two or more direct deposits within 90 days of opening your account that total … $8,000 or more to earn the $450 bonus.”
Yet you received a $450 bonus after receiving deposits totaling only $6,019.
Offer webpage: Earn a checking bonus | U.S. Bank
Oh man, thank you for the catch! I confused two bank offers that I received on the EXACT SAME DAY. I will comment the corrected one at the top level. The one I posted here was from Citibank, not US Bank.
I used a link to signup (not sure which promo code), but the offer at the time was planned to expire on 10/31/24.
10/24/24 – account opened online
10/29/24 – account funded via $100 EFT (Bank of America)
10/30/24 – $4,050 EFT pushed from Fidelity
11/06/24 – $4,050 EFT pushed from Fidelity
12/09/24 – $6.95 monthly maintenance fee charged
12/09/24 – $6.95 monthly maintenance fee waived
12/13/24 – $450 “adjusted interest” bonus posted
It was interesting to see that the funds from BoA were described as an “External Transfer Deposit” with Merchant Category = Transfer. The EFT’s from Fidelity were “Electronic Deposits” counted as Income.
Also note that I was never able to see a “Bonus Tracker” of any sort.
Datapoint for the $450 checking offer for the offer period 11/5/24 thru 12/30/24, promo code 2024NOV.
There’s a discrepancy between the offer terms published here
https://www.usbank.com/splash/checking/2024-all-market-checking-offer.html?icid=OTHI_71632
and the offer terms published here
https://www.usbank.com/dam/documents/pdf/deposits/offers/2024nov-2024novchk.pdf
The former says, Your checking bonus (“adjusted interest”) will be credited to your new checking account within seven days following the completion of all the offer requirements.
The latter says, Your checking bonus (“adjusted interest”) will be credited to your new checking account within 60 days of direct deposit verification and verification of enrollment in online banking or the U.S. Bank Mobile App as long as your account is open and has a positive balance.
Quick question on this…. opened my account, made 2 DD totaling $2010. Still says I have 74 days left. Can I keep adding DD’s to get a higher bonus amount, or is it just based off the first two? Thanks!
Keep going until you hit $8K, or whatever the maximum is… Sooner you get it done, the sooner you get the bonus. Otherwise they make you wait the full 90 day period to determine if you get the lesser amount.
Matt
Thanks!
Brother just opened account & approved, but he can’t get full account # to create login. He was told to visit bank or wait for debit card to arrive. Is there another way?
He’s disabled.
After submitting my online application, a “Your accounts are opened” webpage appeared which displayed the full account number, routing number, bonus offer added, deposit receipt $25, “U.S. Bank Smart Rewards” enrolled, and the following phone number to call if you need help with your application:
877-465-0454
Monday through Friday:
7 a.m. to 10 p.m. CT
Saturday:
9 a.m. to 5 p.m. CT
9/3/24: Opened account
9/27/24: $2,000 direct deposit
10/11/24: $2,000 direct deposit
10/25/24: $2,000 direct deposit
11/08/24: $2,000 direct deposit
11/22:24: $2,000 direct deposit
12/18/24: Called customer service and confirmed I had the promotion applied to my account and met the direct deposit requirements within the 90 days. Was informed that the bonus would not be paid out until after the 90 days (12/2/24) and before 1/31/25. Kind of a bummer, but will be fine assuming I do eventually get it.
I would have expected your bonus last week when the other batch paid out, based on your sign-up date and DD dates. I guess you have a long wait.
The longest they can make you wait is end of January.
Eric Why?
TERMS: Your checking bonus (“adjusted interest”) will be credited to your new checking account within 60 days following the end of the calendar month during which you completed all the offer requirements.