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Those who are looking for a new bank, but also want a little something extra for switching, may find a friend in U.S. Bank (Member FDIC). New customers who complete qualifying transactions can qualify for a business checking offer worth up to $900.
Here's what you need to know about this limited-time offer.
$900 U.S. Bank Offer
Through January 15, 2025, new U.S. Bank Business Checking customers can earn between $400-$900. The amount you earn depends on which account you choose to open, and you'll need as much as $30,000 on-hand to qualify for the maximum bonus amount.
How to Earn the Full $900 Business Checking Offer
If you're interested in earning a bonus with U.S. Bank, you'll need to open an eligible U.S. Bank Business Checking account and complete several qualifying actions.
Here’s how to earn U.S. Bank's Business Checking offer:
Promo code Q4AFL24 MUST be used when opening a U.S. Bank Silver, Platinum, or Business Essentials (Available in AZ, NV, CO, NM, OH, IN, KY and TN) Business Checking account. Limit of one Business Checking bonus per business. A $100 minimum deposit is required to open one of the referenced accounts.
Bonus Options
- Earn your $400 Business Checking bonus by opening a new U.S. Bank Silver Business Checking or Business Essentials (not available in all markets) account between 10/1/2024 and 1/15/2025. You must make deposit(s) of at least $5,000 in new money within 30 days of account opening and thereafter maintain a daily balance of at least $5,000 until the 60th day after account opening.
or - Earn your $900 Business Checking bonus by opening a new U.S. Bank Platinum Business Checking account between 10/01/2024 and 1/15/2025. You must make deposit(s) of at least $30,000 in new money within 30 days of account opening and thereafter maintain a daily balance of at least $30,000 until the 60th day after account opening.
Qualifying U.S. Bank Business Checking Accounts
| Account | Intro Bonus | Minimum Opening Deposit | Monthly Fee | Learn More |
|---|---|---|---|---|
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|
$400Expires January 15, 2025
Earn your $400 Business Checking bonus by opening a new U.S. Bank Silver Business Checking or Business Essentials (not available in all markets) account between 10/1/2024 and 1/15/2025. You must make deposit(s) of at least $5,000 in new money within 30 days of account opening and thereafter maintain a daily balance of at least $5,000 until the 60th day after account opening. |
$100 | $0 | Open Account |
|
|
$900Expires January 15, 2025
Earn your $900 Business Checking bonus by opening a new U.S. Bank Platinum Business Checking account between 10/01/2024 and 1/15/2025. You must make deposit(s) of at least $30,000 in new money within 30 days of account opening and thereafter maintain a daily balance of at least $30,000 until the 60th day after account opening. |
$100 |
$30 with option to waive
You can waive this account's monthly maintenance fee with one of the following: $25,000 average collected checking balance or $75,000 combined average collected business deposits and outstanding business credit balances. |
Open Account |
New money is considered money that is new to U.S. Bank. Funds must come from outside U.S Bank and cannot be transferred from another U.S. Bank product or a U.S. Bank Affiliate. Checking account fees (e.g., monthly maintenance, paper statement fee, etc.) could reduce the qualifying daily balance, therefore you must make deposit(s) to cover the fees to maintain the daily balance during the qualifying period to be awarded the bonus. Refer to the Business Pricing Information or Business Essentials® Pricing Information Document for a list of fees.
The business checking bonus will be deposited into your new eligible U.S. Bank Business Checking account within 30 days following the last calendar day of the month you complete all of the offer requirements, as long as the account is open and has a positive available balance.
Offer may not be combined with any other business checking account bonus offers. Existing customers (businesses) with a business checking account or customers (businesses) who had an account in the last 12 months, do not qualify.
All regular account-opening procedures apply. For a comprehensive list of checking account pricing, terms and policies, reference your Business Pricing Information or Business Essentials® Pricing Information and YDAA disclosure. This document can be obtained by contacting a U.S. Bank branch or calling 800.872.2657.
Bonus will be reported as interest earned on IRS Form 1099-INT and recipient is responsible for any applicable taxes. Current U.S. Bank employees are not eligible. U.S. Bank reserves the right to withdraw this offer at any time without notice.
Member FDIC
U.S. Bank Consumer Bonuses
In the past, we've seen U.S. Bank offer new customer bonuses for its Smartly® Checking account and Standard Savings account—in 2023, you could even earn up to $1,000. However, neither account is currently offering a special incentive for new customers.
U.S. Bank Smartly® Checking (Member FDIC)
- Our Rating 4/5 How our ratings work
- Minimum
Deposit Required$25 - Intro Bonus N/A
If you're interested in opening a checking account with U.S. Bank, the Bank Smartly Checking Account is likely the one you'll be most interested in. This account includes a wealth of standard banking features, such as mobile check deposits and automated bill pay. While the Bank Smartly Checking Account features a $6.95 monthly fee, it's relatively easy to waive, and you only need $25 to open an account.
Overview
The U.S. Bank Smartly® Checking Account is a pretty standard checking account; customers get access to handy features such as personalized financial insights, automated budgeting and and access to U.S. Bank Smart Rewards® . While this account features a $6.95 monthly service fee, there are multiple ways to get it waived.
Pros
- No surcharge fees at MoneyPass® Network ATMs
- Monthly fee is waivable
Cons
- Monthly fee
- Account not available nationwide
U.S. Bank Account Fees
If you’re interested in this promotion, you may need to open at least one account that carries a monthly fee. The following U.S. Bank accounts fall into this category:
- U.S. Bank Platinum Business Checking
Luckily, there are ways to waive the fee for all these accounts, but it’s a good idea to make sure you qualify for the fee waivers before attempting to earn the offer. Even though these are strong offers, you could end up paying around $30-$60 in fees in the process of earning them, which makes them less valuable overall.
The U.S. Bank Platinum Business Checking Account has a $30 monthly service fee, the largest of the bunch. To waive this fee, meet one of the following criteria:
- $25,000 average collected checking balance
- $75,000 combined average collected business deposits and outstanding business credit balances
Are These Offers Right for You?
It’s rarely a good idea to open a bank account just to earn some extra cash. Still, if you’re looking for a new bank to do business with, then U.S. Bank may be right for you.
Not only does it offer a wide range of financial products beyond checking accounts, but the bank also has physical branches, 24/7 phone support and an online and mobile banking platform. Yet big banks are often known for charging lots of expensive fees, and U.S. Bank is no exception. You’ll find free checking accounts in the marketplace without monthly maintenance fees—some of which earn interest and also offer cash bonuses. So, compare products with multiple banks before deciding what’s best for your personal finances.
Slickdeals Money Staff
The Slickdeals Money editorial team is dedicated to helping readers navigate the personal finance space. We’re passionate about educating our readers on the very best financial tools & products on the market today.
