Offer at a glance
- Maximum bonus amount: $125
- Availability: Nationwide
- Direct deposit required: Optional
- Additional requirements: Direct deposits totaling $500 or two bill payments
- Hard/soft pull: Soft, chex systems inquiry will be done
- Credit card funding: Yes, up to $500
- Monthly fees: $6.95-$8.98, waiveable
- Early account termination fee: None
- Expiration date: August 10th, 2015
The Offer
- Receive a sign up bonus of $125 when you complete the following requirements:
- Open a new U.S. Bank consumer Silver Checking Package, Gold Checking Package or Platinum Checking Package
- Complete one or more direct deposits totaling at least $500 or complete two or more Bill Pay transactions (enrollment in Online and/or Mobile Banking is required)
- You’ll also be entered into the U.S Bank $50,000 sweepstakes, you can read the full terms and conditions here.
The Fine Print
- Bonus requirements must be completed within 60 days of account opening
- Bonus will posted within 60 days of meeting the requirements
- Cannot be combined with any other checking promotion
- Not available to existing customers
- Not available if you have received a checking bonus in 2015
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
U.S bank has three checking products which qualify for this promotion:
- Silver Checking Account
- Gold Checking Account
- Platinum Checking account
Probably the easiest way to keep this fee free is to open the Gold Checking account, if you have a U.S Bank credit card then the monthly fees on this account are waived. If you don’t have a U.S Bank credit card then your best bet is to open the silver checking account, these has a monthly fee of $8.95 ($6.95 if you enroll in paper statements) this is waived if you complete any of the following:
- Have combined direct deposits totaling $1,000 or more or
- Maintain an average monthly balance of $1,500
U.S Bank used to charge an early account termination fee, but they no longer charge this fee. You also need to open the savings account which has a minimum balance of $25.
Our Verdict
I completed a similar promotion in 2014, given that I received the bonus in 2014 it looks like I’ll be eligible to get this bonus as well. I love bonuses like this, they are nationwide and do not require a direct deposit AND they can be churned.
I’ll definitely be completing this bonus, fingers crossed myself or one of our readers end up winning the $50,000 sweepstakes. We’ve added this bonus to our best bank bonuses list and also our complete listing of checking bonuses.
Direct link to offer | Screenshot of offer
Hat tip to reader Jess
