Offer at a glance
- Maximum bonus amount: $1,200-$1,500
- Availability: Nationwide (excludes NY & FL and any other state without a branch unless you have an existing relationship). Also need to be a state farm customer.
- 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: 9/27/2026
The Offer
- U.S. Bank is offering state farm customers a business checking bonus of up to $1,500.
- $1,500 bonus:
- Open a new Platinum Business Checking account online.
- Deposit at least $25,000 in new money within 30 days of account opening. Maintain a daily balance of at least $25,000 until the 60th day of account opening.
- Complete six qualifying transactions within 60 days of account opening
- $1,200 bonus:
- Open a new Gold Business Checking account online.
- Deposit at least $10,000 in new money within 30 days of account opening. Maintain a daily balance of at least $10,000 until the 60th day of account opening.
- Complete six qualifying transactions within 60 days of account opening
- $1,500 bonus:
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
- Gold account has a $20 monthly fee, this is waived if you:
- U.S. Bank Payment Solutions or $10,000 average collected account balance or $20,000 combined average collected balances across all U.S. Bank business deposit accounts or $50,000 combined average collected balances and outstanding credit balances.
- 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
Public bonus is up to $1,500 but there is no landing page for that bonus. This is basically the same but there is a landing page and it’s only for state farm customers. I’d recommend reading the public bonus for more information. There is also a personal bonus for state farm customers for $500.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- 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 Calculate And Share Your ChexSystems Datapoints
- 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
