U.S. Bank Bonus Offers: Up to $500 for Opening New Accounts

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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 have two offers to choose from: a consumer account offer worth up to $400 and a business account offer worth $500.

Here's what you need to know about each of these limited-time offers.

$400 U.S. Bank Offer

You can earn up to $400 when you open a new U.S. Bank Smartly® Checking account (Member FDIC), then complete the required activities. But you’ll need to act quickly—this offer is only available for a limited time, through May 6, 2025.

U.S. Bank Smartly® Checking Account (Member FDIC)

Open Account

Member FDIC

• Our Rating 4/5 How our ratings work
• Minimum
  Deposit Required$25
• Intro Bonus Up to $400Expires May 6, 2025 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 May 6, 2025. Member FDIC. Offer may not be available if you live outside of the U.S. Bank footprint or are not an existing client of U.S. Bank or State Farm.

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.

How to Earn the $400 Consumer Offer

The current U.S. Bank offer requires customers to open a U.S. Bank Smartly® Checking account to earn $400.

Here’s how to earn $400:

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 May 6, 2025. Member FDIC.

• Earn up to $400 with a new Bank Smartly Checking account.
• Complete the following within 90 days of account opening:
  • Enroll in online banking or the U.S. Bank Mobile App
  • Make two or more direct deposit(s) totaling $3,000 to $4,999.99 to earn $200 or $5,000 or more to earn $400

Get started with an initial deposit of $25 within 30 days. Offer may not be available if you live outside of the U.S. Bank footprint or are not an existing client of U.S. Bank or State Farm.

$500 Business Account Offer

Through June 30, 2025, new U.S. Bank customers can earn a $500 bonus when they open a new account and complete qualifying activities.

How to Earn the $500 Business Account Offer

If you're interested in earning this bonus, you'll need to open a U.S. Bank Business Essentials account using promo code Q2AFL25, then complete qualifying transactions.

Here’s how to earn U.S. Bank's Business Checking offer:

Earn your $500 Business Checking bonus by opening a new U.S. Bank Business Essentials account between 4/03/2025 and 6/30/2025. 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. You must also complete 5 qualifying transactions within 60 days of account opening.

U.S. Bank Business Essentials Account

Open Account

at U.S. Bank

• Our Rating 4.5/5 How our ratings work
• APYN/A
• Minimum
  Deposit Required$100
• Intro Bonus $500Expires June 30, 2025 More Info

  Earn your $500 Business Checking bonus by opening a new U.S. Bank Business Essentials account between 4/03/2025 and 6/30/2025. 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. You must also complete 5 qualifying transactions within 60 days of account opening.

We appreciate that the U.S. Bank Business Essentials Account includes a free mobile card reader and unlimited digital transactions. Plus, the welcome bonus it offers new customers is undeniably generous. This account can help streamline many common business banking considerations, and its lack of software or maintenance fees helps keep it accessible to the average business owner.

^{Qualifying transactions include debit card purchases, ACH credits, Wire Transfer credits and debits, Zelle credits and debits, U.S. Bank Mobile Check Deposit or Bill Pay. Other transactions such as (but not limited to) other Person to Person payments, transfers to credit card or transfers between U.S. Bank accounts are not eligible.}

^{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. For accounts opened on non-business days, weekends or federal holidays, the open date is considered the next business day. 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 Essentials® Pricing Information Document for a list of fees.}

^{Bonus will be deposited into your new U.S. Bank Business Essentials 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 Essentials® Pricing Information and YDAA disclosure. These documents 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}

U.S. Bank Account Fees

If you’re interested in these promotions, 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 Smartly® Checking

Luckily, there are ways to waive the fee for this account, but it’s a good idea to make sure you qualify for the fee waiver before attempting to earn the offer. If not, you may wind up bringing down the overall value of the bonus by paying $20+ in fees.

How to Waive the Monthly Fees for These Accounts

The U.S. Bank Smartly® Checking account monthly fee is $6.95. To get this waived, you need to do one 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 member of the military (requires self disclosure)
• Be 24 or younger or 65 and older

Be sure to read through the terms and conditions for this account to make sure it’s right for your financial situation. 

This account comes with the bank’s standard features, which include options for online and mobile banking, as well as a U.S. Bank Visa® Debit Card.

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.