[Expired] [YMMV, In Branch only] U.S. Bank Up To $400 Checking Bonus

Deal has expired, view more checking bonuses by clicking here.

Last day for this offer is today, keep in mind there is an online offer as well but only for $300. That one doesn’t end until December 8th

Offer at a glance

The Offer

No direct link to offer, maybe selected branches only?

  • U.S. Bank is offering a bonus of up to $400 when you open a new checking account in branch and complete the following:
    • Use promo code 2019 Fall Checking Offer
    • Complete at least two direct deposits within 60 days of account opening. Direct deposits total you receive will determine your bonus:
      • $1,000-$1,999.99, $100 bonus
      • $2,000-$3,999.99, $200 bonus
      • $4,000+, $400 bonus
    • Be enrolled in either U.S. Bank online banking or the U.S. Bank Mobile app by December 4th, 2019

The Fine Print

  • Promo code must be used when you apply
  • $25 minimum opening deposit is required
  • Bonus will post to your account within 60 days of verifying the direct deposit
  • Offer not valid if you or any signer on the account have an existing U.S. Bank consumer checking account, had a U.S. bank checking in the last six months or received other U.S. Bank bonus offers in the last 12 months
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding 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

This is better than the standard $300 bonus that we usually see once or twice a year. Downside to this offer is that it’s only available in branch and it might not be available at all branches. In addition the direct deposit requirement is slightly higher as well. If this turns out to be available to everybody and at all branches I will be adding this to our list of the best checking bonuses.

Hat tip to reader John C

Useful posts regarding bank bonuses:
    William Charles
  • On November 27, 2019, 16:09

View Comments (43)

  • US Bank $400 Checking Bonus DP
    - 11/27 - Opened account in branch
    - 12/3 - $2K Ally ACH
    - 12/4 - $1K Ally ACH
    - 12/11 - $1K Ally ACH
    - 12/13 - $3K Employer DD
    - 12/31 - $1K Employer DD
    - 12/31 - Reached out via email to confirm bonus requirements had been met
    - 1/3 - Received notice that I would not receive bonus as I opened account after last day of promotion - turns out the banker applied the incorrect code during opening
    - 1/7 - Opening branch location concluded investigation and notified me that bonus would post within 10 business days
    - 1/20 - $300 posted - branch used YET another incorrect code when completing the investigation
    - 1/23 - Additional $100 posted after escalating again

  • Here's a success DP for this offer.
    11/27/19 - opened account in branch (SoCal) with flyer screenshot printout, $40 initial cash deposit
    12/5/19 - Electronic Deposit Ally Bank (push from Ally online savings) - $2001
    12/12/2019 - Electronic Deposit Ally Bank (push from Ally online savings) - $2001
    12/23/2019 - Adjusted Interest - $400 bonus posted

  • Still waiting for this bonus to post, timeline below - additional employer DD will hit at the end of December just in case US Bank no longer counts Ally

    11/27 - Account opened in branch
    12/3 - $2K Ally ACH
    12/4 - $1K Ally ACH
    12/11 - $1K Ally ACH
    12/13 - $3.1K Employer DD

  • @will i have another DP. i can confirm the following works as DD requirement using Chase.

    open account: 11/18
    DD 1, $2030: 12/04
    DD 2, $2300.16: 12/09
    Bonus post: 12/23

    i was actually nervous and thought my bonus did not post, thinking I did something wrong. I did 2 ACH using my Chase biz account funds. When I plugged USB account and routing numbers, I thought I might have screwed up since I needed to verify the small deposits to link accounts. i thought this was the reason the DD would not work, since I could not verify my account with a login. glad all is good now.

  • DP:
    11/27 Opened account in branch
    12/2 Schwab Checking $2k
    12/13 Employer payroll DD $2k
    12/23 $400 bonus posted

  • Did this in branch and asked the banker if the household limit is truly enforced. he said it is not. so applied for P2 the same day as well.

    Did 2 real work DD 11/30 and 12/15. $400 bonus posted 12/23 for both of us.

    So household limit is not enforced, at least in branch offers.

    could be the same for online apps

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