Update 7/1/25: This has been extended to September 30, 2025. $900 bonus is now $1,000. $500 bonus down to $400
Update 4/6/25: extended to 6/30/25. Promo code: Q2AFL25
Update 1/18/25: Extended to March 31, 2025. Lowest tier is now $500 (was $400). $900 bonus now only requires a $25,000 bonus instead of $30,000.
Offer at a glance
- Maximum bonus amount: $1,000
- Availability: Nationwide (excludes NY & FL and any other state without a branch unless you have an existing relationship)
- Direct deposit required: None
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Mixed data points
- Credit card funding: Can fund up to $3,000 with a credit card
- Monthly fees: None with paperless statements
- Early account termination fee: None
- Household limit: None
- Expiration date: 6/30/25
Contents
The Offer
- U.S. Bank is offering a bonus of up to $1,000 when you open a new business checking account when you use promo code Q3AFL25.
- Earn $1,000 when you open a Platinum Business Checking Account package
- Deposit at least $25,000 in new money within 30 days of account opening
- Maintain at least that balance for 60 days after opening the account
- Complete 5 qualifying transactions.
- Earn $400 when you open a Silver Business Checking Account package
- Deposit at least $5,000 in new money within 30 days of account opening (Silver or Business Essentials)
- Maintain at least that balance for 60 days after opening the account
- Complete 5 qualifying transactions.
- Earn $1,000 when you open a Platinum Business Checking Account package
The Fine Print
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
- Silver account has no monthly fees to worry about as long as you opt in for paperless statements.
- Platinum account has a $30 monthly fee, this is waived if you
- An active U.S. Bank Payment Solutions Merchant Account or
- $25,000 average collected checking balance $75,000 combined average collected business deposits and outstanding business credit balances
Early Account Termination Fee
There is no early account termination fee to worry about
Our Verdict
Previously there was a $800 business checking bonus with the same requirements as the current $900 bonus but it only required a silver account which is much easier to keep fee free. Because of that I think the old $800 bonus is actually better. That being said the new $400 bonus is the exact same requirements as the old $300 bonus with the same account needing to be opened so that is an improvement and worth doing. Given the churn period is now only 12 months I do think the $400 bonus is worth doing and we will add it to our best business bank bonus page.
Hat tip to reader Jack
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
Bit of a strange DP – I was expecting a $400 bonus, but got $500. No idea why
I double checked the terms, and the levels do seem to be $400 and $1000. No idea where the extra $100 came from but works for me
The previous offer was $500/$900.
The offer was $500 when you opened your account.
https://web.archive.org/web/20250420191430/https://www.usbank.com/splash/business-checking/business-checking-promo-affiliate.html
Credit card funding failed 3 times then the option went away. Any idea on what I can do to make it work again?
#2090534
Am I reading it correctly that we can pull out $25k after 60 days after account opening, NOT 60 days after depositing the $25k? Essentially the funds would only be in the account for a little more than 1 month if it’s timed right.
Yes, read the full terms. This has also been addressed many times in the comments.
Opened my account on 4/3, received bonus on 7/11, ahead of expected 7/31.
Since it’s already mid-month, I plan to keep full balance till the next statement closure on 7/31, move money out on 8/1 just leaving $100, and ask for a waiver for August. This way I should be able to keep the account with no fees till 9/30. Then either close right before September statement is cut, or eat one month fee and keep the account into late October.
Any flaws in this approach?
No flaws that I can see, sounds good 👍
Anybody feel free to correct me if I’m wrong in my logic here.
You only had to leave the $25,000 in until day 60 (June 2). Instead you’ve already left it until day 99 (July 11). And you’re now planning to leave it until July 31, which will be day 119. That will end up being basically about 60 days extra beyond what you needed. At 4%, which is easy to get right now, you would make $2.74 in interest or dividends every single day on $25,000. So by leaving it until July 31 instead of removing it around June 2 and investing it even very safely, you lose over $164. And that’s not even counting the fact you can get a little higher than 4%. Even if you paid the $30 fee for 4 months you would still have come out ahead. Of course, you’d have to leave a bit of money in the account to cover fees. But I think the outcome would still be basically the same.
So this doesn’t seem like a good plan for others to follow going forward.
Alex left the funds in the account until the bonus posted. I wouldn’t recommend doing that, but what’s done is done. Alex only asked if his plan had any flaws, but the dates and math do line up correctly.
If you want to evaluate the best course of action financially going forward, then removing the funds now would be best. Alex loses out on roughly $55 in interest (assuming a 4% APY) by holding until the end of the month, but will have to eat one additional $30 fee by removing the funds now. So the net loss from holding through 8/1 is ~$25.
Just FYI if you have both a personal and business checking with US Bank you have to create a separate login for the business checking if you want to utilize the Business features such as sending real ACH Payments where you can add the memo for Payroll etc for DD requirements. If you don’t create a separate login you won’t have any of these features of the biz acct. BTW they only charge $1 for outgoing ACH whereas Chase Biz is $2.50
4/29 account opened with $3k funded with Citi Double Cash
5/1 to 5/28 did 5+ ACH and mobile check deposits to reach $25k
7/11 $900 bonus posted
What do you plan to do now that you have the bonus payment? Close the account right away? Or leave it open a while and pay monthly fees since you’re now under $25K balance?
4/9 Account Opened with 3k funded with AA BIZ card
4/16 Account reached 25K balance
4/28 5x debit card spend
6/27 Transferred out 25K balance
7/11 $900 bonus posted
Same question I asked the other DP above: What do you plan to do now that you have the bonus payment? Close the account right away? Or leave it open a while and pay monthly fees since you’re now under $25K balance?
Just opened the Business Essentials account for the $400 bonus and am thinking of funding $3000 with the Citi AAdvantage Platinum Select (thereby meeting most of the $3500 spend requirement for the current 80,000 mile bonus). I have no experience with credit card funding of a bank account, so I’m leery about cash advance. Provided I can get the cash advance limit on the Citi card set to $0 or $1 or whatever, does this plan sound good? Thanks in advance for any guidance.
You can’t lower the CA limit on the AAdvantage cards below $750. Still works here, since $3k > $750. If the transaction isn’t declined it will post as a purchase.
However, is the account open already, or is the application in review? CC funding is part of the application process, and AFAIK you can only fund after the fact if your initial funding was declined.
Thanks for your help. So far the only “deposit” I’ve made was a redemption of rewards points from my US Bank Altitude Connect card. It says “your checking account was approved on July 7,” but it also says “to use this account, we need an opening deposit.” It offers credit card funding up to $3000 as one of the deposit methods I can choose. So seems like I should be good…
When you say “it says”, what is “it”? Your approval email?
Since you’ve already had transactions on the account, then you already completed the application. You’re not going to be able to do CC funding at this point.
Since it’s just “deposit $5k into account” and not direct deposits, the initial $3k counts toward that?
Same question/idea for the $25k requirement for $1k bonus.
If I do 5 $5000 pushes from Capital One, does that satisfy all the conditions?
All the conditions? No. You have to maintain the funds until day 60 as well.
Yes. I just wanted to confirm that satisfying the min deposit requirement and 5 transactions requirement can be done at the same time like this. Is that the case?
Could you also please confirm that past the initial deposit, I can wait almost 30 days before depositing the remainder to minimize loss of interest?
Yes
Could you also please confirm that past the initial deposit, I can wait almost 30 days before depositing the remainder to minimize loss of interest? Thanks for all your help.
No problem. That is correct, you just have to deposit the required amount by day 30 and hold it until the 60th day after account opening.