[Targeted] U.S. Bank $200 Checking Bonus

Offer at a glance

• Maximum bonus amount: $200
• Availability: Nationwide
• Direct deposit required: Optional
• Additional requirements: Direct deposits totaling $500
• Hard/soft pull: Soft (chex inquiry will be done)
• Credit card funding: Yes, up to $500 
• Monthly fees: $0 – $8.98, waivable 
• Early account termination fee: None
• Household Limit: One
• Expiration date: February 28th, 2017 for $200 bonus, March 31st for $150

The Offer

No direct link, targeted offer

• U.S. Bank are offering a targeted bonus (unique URL & promo code) of up to $200 for opening a new checking account when you complete the following requirements:
  • Receive direct deposits of at least $500 per month within 60 days of account opening
• If you open by February 28th, 2017 you receive a $200 bonus.
• If you open by March 31st, 2017 you receive a $150 bonus
• E-mail subject line is “<name>, special offer for U.S. Bank customers”

The Fine Print

• This offer is only valid for the addressee and is not transferable.
• A $25 minimum deposit is required to open a U.S. Bank consumer checking account.
• All regular account opening procedures apply.
• Earn $200 bonus by opening a new consumer checking account (excluding Student Checking and Safe Debit Account) by February 28, 2017 with posted recurring direct deposits totaling at least $500 per month within 60 days of account opening – OR – earn $150 by opening a new consumer checking account (excluding Student Checking and Safe Debit Account) by March 31, 2017 with posted recurring direct deposits totaling at least $500 per month within 60 daysof account opening.
• You must use the Promotion Code listed on this offer when you apply.
• Your bonus will be reported as interest earned on IRS Form 1099-INT and you are responsible for any applicable taxes.
• The bonus will be credited to your new checking account within 6-8 weeks after direct deposit is received assuming account is open.
• Offer may not be combined with any other cash bonus or marketing offers. C
• urrent U.S. Bank checking customers and employees are not eligible for cash bonus offers.
• Other restrictions may apply.
• One offer per household.

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 and aren’t planning on getting one, your best bet is to open the Silver checking account which has of $8.95 ($6.95 if you enroll in paperless statements).

Fee is waived if you do these three things:

1. Go paperless
2. Open a Package Money Market Savings account
3. Do one of these two things:
   • Have combined direct deposits totaling $1,000 or more, OR
   • Maintain an average monthly balance of $1,500

Our Verdict

Shame this bonus isn’t public, get in the game U.S. Bank! Although to be fair, they recently just had a bonus for $150/$50 that was public so really can’t complain that much. If you did receive this targeted offer then it’s well worth applying for. If it was public we definitely would be adding it to our best checking bonus page.

Big thanks to reader, Ruan who let us know. Learn how to find bonuses and contribute to the site here.

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 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