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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 $800.

Here's what you need to know about this limited-time offer.

$800 U.S. Bank Offer

Through , new U.S. Bank Business Checking customers can earn between $350-$800. The amount you earn depends on how much money you're able to deposit into the account. It's also worth noting that this offer is available for several of U.S. Bank's Business Checking packages, which means companies large and small can cash in on this offer.

How to Earn the Full $800 Business Checking Offer

If you're interested in earning a $800 offer, 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:

  1. Open a new U.S. Bank Silver, Gold or Platinum Business Checking account using promo code Q3AFL23. The bank requires a $100 minimum opening deposit for all these accounts.
  2. Enroll in online banking or the U.S. Bank mobile app. This enrollment is in addition to account opening, and it must be completed within 90 days of opening your account.
  3. Deposit at least $5,000 in new money within 30 days from account opening to earn a $350 offer; deposit at least $25,000 in new money within 30 days to earn a $800 offer. In both cases, you'll need to maintain the required balance for until the 60th day from account opening to earn the offer.

U.S. Bank Smartly Checking may not be available if you live outside of the U.S. Bank footprint.

U.S. Bank Silver Business Checking Account

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at U.S. Bank

  • Our Rating 4.5/5 How our ratings work
  • APYN/A
  • Minimum
    Deposit Required    $100
  • Intro Bonus $400Expires January 15, 2025 More Info

    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.

If you're in the market for a basic business checking account, you'd do well to consider U.S. Bank's Silver Business Checking. This account carries no monthly maintenance fee, and features an alluring sign-up offer for new customers who complete qualifying transactions. While the free cash deposit limit is relatively low, it should be enough to accommodate businesses that don't generate many monthly banking transactions.

Overview

The Silver Business Checking account is U.S. Bank’s entry-level business account. This account offers customers 125 free transactions per statement cycle, as well as $2,500 of free cash deposits or 25 free cash transactions (whichever comes first) per statement cycle. The Silver Business Checking account has no monthly maintenance fee, and requires a minimum opening deposit of $100.

Pros

  • Strong welcome offer
  • No monthly maintenance fee
  • Robust online banking functionality

Cons

  • Relatively low cash deposit limit

U.S. Bank Gold Business Checking Account

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at U.S. Bank

  • Our Rating 4.5/5 How our ratings work
  • APY0.01% More Info

    Earn 0.01% APY on balances of $20,000 or greater.

  • Minimum
    Deposit Required    $100
  • Intro Bonus Up to $800Expires September 16, 2024 More Info

    Earn up to a $800 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q3AFL24 and complete qualifying activities, subject to certain terms and limitations. Offer valid through September 16, 2024. Member FDIC.

Assuming you can meet the requirements to waive its monthly fee, the U.S. Bank Gold Business Checking account is a strong option for mid-size businesses. This account offers considerably more free transactions than U.S. Bank's Silver Business Checking account and gives customers the chance to earn 0.01% APY on balances of $20,000 or more.

Overview

The Gold Business Checking account is U.S. Bank’s mid-level business account. This account offers customers 300 free transactions per statement cycle, as well as $10,000 of free cash deposits or 100 free cash transactions (whichever comes first) per statement cycle. And, if your account balance exceeds $20,000, you’ll earn 0.01% APY.

Pros

  • Strong welcome offer
  • Earn APY on high balances
  • Options to waive monthly maintenance fee
  • Robust online banking functionality

Cons

  • Relatively low cash deposit limit
  • Monthly maintenance fee

U.S. Bank Platinum Business Checking Account

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at U.S. Bank

  • Our Rating 4.5/5 How our ratings work
  • APYN/A
  • Minimum
    Deposit Required    $100
  • Intro Bonus $900Expires January 15, 2025 More Info

    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.

If your business regularly deals with enough cash to make the most of the higher free transaction limit (and to easily waive the monthly fee) you'll likely find a lot to like about the U.S. Bank Platinum Business Checking account. In addition to offering a host of features meant to assist larger businesses, this account features the same $100 minimum opening deposit requirement and valuable sign-up offer as seen in U.S. Bank's Gold and Silver Business Checking packages.

Overview

If you’re a larger business that handles a significant amount of monthly transactions, the U.S. Bank Platinum Business Checking account may be a good fit for your needs. This account offers 500 free transactions and up to $20,000 of free cash deposits or 200 free cash transactions (whichever comes first) each statement cycle. While this account features a $30 monthly service fee, you can get it waived in a couple different ways, such as maintaining an average collected checking balance of $25,000 or more.

Pros

  • Strong welcome offer
  • Options to waive monthly maintenance fee
  • Robust online banking options

Cons

  • Monthly maintenance fee for lower balances

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 Account (Member FDIC)

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Member FDIC

  • Our Rating 4/5 How our ratings work
  • Minimum
    Deposit Required    $25
  • Intro Bonus Up to $400Expires October 31, 2024 More Info

    Earn up to $400 when you open a new U.S. Bank Smartly® Checking account and complete qualifying activities. Subject to certain terms and limitations. Offer valid through October 31, 2024. Member FDIC. Offer may not be available if you are an existing U.S. Bank customer or live outside of the U.S. Bank footprint.

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

U.S. Bank’s 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

U.S. Bank branch
U.S. Bank

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 Gold Business Checking
  • 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 Gold Business Checking account includes a monthly fee of $20. To get this fee waived, complete one of the following actions:

  • Have a U.S. Bank Payment Solutions Merchant Account
  • $10,000 average collected checking balance or $25,000 average collected checking balance on interest-bearing option
  • $20,000 in combined average collected deposit balances or $50,000 in combined average collected balance on interest-bearing option
  • $50,000 combined average collected business deposits and outstanding business credit balances

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.

SS

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.