Posted by Chuck on July 12, 2018
Bank Account Bonuses

Published on July 12th, 2018 | by Chuck

31

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

Deal has expired, view the best checking bonuses here.

Offer at a glance

  • Maximum bonus amount: $200
  • Availability: Targeted offer, sent via email
  • Direct deposit required: Yes, $1,000+ within 60 days
  • Additional requirements: None
  • Hard/soft pull: Soft
  • ChexSystems: Mixed data points
  • Credit card funding: None
  • Monthly fees: $6.95-$12.95, waivable 
  • Early account termination fee: None
  • Household limit: None mentioned
  • Expiration date: August 31, 2018

The Offer

Direct Link to offer (requires targeted promo code)

  • U.S. Bank is offering a bonus of $200 when you open a new consumer checking account and receive direct deposits totaling $1,000 or more within 60 days of account opening.

Offer is being sent out via email with a unique (I believe) promo code.

The Fine Print

  • Valid through August 31, 2018.
  • This offer is only valid for the addressee and is not transferable. Address on new account must match address on mail or email received to be eligible for the bonus. Promo code and listed mailing address may only be used once. Bonus will not be paid if promo code is retrieved by unintended recipient or if promo code is retrieved from a deals website. You must use the Promotion Code listed on this offer when you apply.
  • A minimum deposit of $25 is required to open a U.S. Bank consumer checking account.
  • Earn your bonus by opening a new U.S. Bank consumer checking account (excluding Student Checking and Safe Debit Account) by the date specified on the letter or email your received. Additionally, you must complete recurring direct deposits that total $1,000 or more within 60 days of account opening.
  • The checking account bonus will be deposited into your new checking account within 60 days of direct deposit verification, as long as your account is open and has a positive balance.
  • Bonus will be reported as interest earned on IRS Form 1099-INT and recipient is responsible for any applicable taxes.
  • Offer may not be combined with any other checking account bonus offers. Offer is not valid if you or any signer on the account have an existing U.S. Bank consumer checking account, had a U.S. Bank consumer checking account in the last six months, or received other U.S. Bank bonus offers within the past 12 months.
  • Limit of one bonus per household.

Avoiding Fees

There are five checking products which qualify for this promotion:

  • Easy Checking Account
  • Silver Checking Account
  • Gold Checking Account
  • Premium 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, the monthly fees on this account are waived. Many of us have a U.S. Bank personal credit card like Altitude, Flexperks, or Cash+ which would work to keep the account fee-free. Having a personal loan gets the fee waived as well.

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 Easy checking account which has of $8.95 ($6.95 if you enroll in paperless statements). Fee is waived if you have combined direct deposits totaling $1,000 or more, OR maintain an average monthly balance of $1,500.

Our Verdict

“Bonus will not be paid if promo code is retrieved by unintended recipient or if promo code is retrieved from a deals website.” Thanks for the shoutout, U.S. Bank.  🙂

We have seen a higher bonus of $300 in select areas in the past, but $200 is the standard bonus. This targeted offer also has the advantage of working with almost any checking product. There’s a similar $200 offer available in some U.S. Bank branches which is available for anyone. U.S. Bank usually offers the $200 checking bonus twice a year, once in Feb-March and once in June-August. They are sometimes targeted and sometimes public. You do need to wait 12 months from closing before doing the deal again.

U.S. Bank bonuses are fairly popular: they’re pretty easy to do, they can be churned, and having the deposit account is useful for getting approved for the Altitude.

Hat tip to readers Nicholas and Sammy

Useful posts regarding bank bonuses:



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Joe
Joe

New 12 month language sucks

john mccann
john mccann

Yeah it does.

Jacob
Jacob

When they say recieved a bonus in the last 12 months, is that from the date you were credited the bonus? And does it need to be 12 months from that date before i open the account or 12 months before i meet all the requirements??

arizonapv
arizonapv

I believe it’s from the date you received the bonus. So if you met the requirements and got the bonus posted to your account on 7/1/17, then starting 7/2/17 it has been over a year and you are good to go. Some have reported waiting another 2 weeks. After the 12 mos you can open the account and go ahead with striving towards meeting the requirements. I’m not sure what your last 10 words meant (you said something about 12 mos before you met the requirements???)

Kimillionaire
Kimillionaire

Thank you for the helpful information! I received a US Bank checking bonus 8/4/17 and received the targeted offer that expires 8/31/18, so I’ll apply around 8/20/18.

arizonapv
arizonapv

I finally got my letter in the mail with my unique promo code. It has the Aug 31 expiration date.

Joe
Joe

I got one too. Too bad these mailers have 12mo language now. I used to churn these every 6 months the past year and a half…

Wesley in Boulder
Wesley in Boulder

You can also about fees by enrolling in the Because You Earned It program with the gold checking account. Requires a 740+ vantage score 3.0 credit score. Soft pull. https://www.usbank.com/bank-accounts/checking-accounts/credit-score-checking-account.html

Michael
Michael

I am somewhat happy to see the 12 month language because the mailman lost my letter, but I would not be eligible due to a Cash+ offer I signed up for. I can only see the Informed Delivery picture of the mailing I was supposed to get.

arizonapv
arizonapv

Wait one week then report the mail as missing. The Cash+ offer was for a credit card which is totally different from applying for a bank bonus. So, bring in the screen shot of the envelope and see if the bank will open an account. Maybe you are now not so happy regarding the 12 month language? *ha!*

guy bucktastik
guy bucktastik

got the same thing in the mail, too. Someone in my household with two flexperks card got the offer. I do not currently have any cards with USB, and did not get an offer.

Adam D
Adam D

Data point: I received this targeted mailer after I was approved for business edge cc…i have those 2 smaller credit bureaus that are affiliated with US bank frozen when I applied for flexperks a few years ago, business edge was approved, I have to go in branch for this offer to complete it due those frozen bureaus after applying online.

snuggliestbear
snuggliestbear

If you go for the Silver Checking account you can also do their Smart start program where they give you an additional $50 for saving $500 over the course of a year. I did that on a similar bonus last year.

arizonapv
arizonapv

Thank you for providing this information. I wouldn’t have known about the program otherwise. How much and how often did you set up the recurring transfers? $42 once a month for 12 months would result in $504, which would satisfy the requirements. Is this what you did?
Edit: Added: As long as there are automatic transfers, does this eliminate monthly fees?

snuggliestbear
snuggliestbear

Yeah I do $42/mo automatically. I don’t think this would eliminate any monthly fees, I just park $1500 in the checking account to avoid those and transfer in $42/mo to cover the smart start transfer. I think technically you could also transfer in $500 right before the deadline, but I don’t know for sure that would work.

arizonapv
arizonapv

snuggliestbear Did you apply for this online or in branch?

snuggliestbear
snuggliestbear

Online

JohnnyBoyJr
JohnnyBoyJr

I received an email “A special offer for USB customers”
My recent strategy has been to open a small CD prior to closing a checking account in the hopes the bank will then see me as a current customer who does not have a checking account and send me an offer, and hopefully those offers can be better than the publicly available offers. So it does seem to somewhat work. Hopefully more to come!

arizonapv
arizonapv

Brilliant idea!

Sammy
Sammy

DP: Interestingly enough, I was able to fund $50 via my Citi Double Cash Card when I opened the gold checking account through this U.S. Bank offer

Vaugh
Vaugh

I just closed my account like last month and received this offer, checked the terms but it didn’t specify the waiting period between accounts, any ideas? I received bonus around April 2017 so I think I’m good in terms of 12 month bonus restrictions

Looney Tunes
Looney Tunes

Under the terms of the offer, it says:

“Offer is not valid if you or any signer on the account have an existing U.S. Bank consumer checking account, had a U.S. Bank consumer checking account in the last six months, or received other U.S. Bank bonus offers within the past 12 months”.

You would not be eligible since you closed your account less than 6 months ago.

Vic
Vic

Hi thx for your reply, was this found on the offer website or in the email? Didn’t see this in my email offer or on the website

arizonapv
arizonapv

I opened the account today. I decided to open a Silver Checking account because I wanted to take advantage of their Smart Start Program that snuggliestbear mentioned where you can get an additional $50 for saving $500 over the course of a year. I scheduled $42 to be transferred from my Silver Checking Package to my Package Money Market Savings Account. Thank you snuggliestbear for the heads up. BTW, I funded the account with my Citi Double Cash Card max of $50 per account = $100 total.

Missjenniferd1
Missjenniferd1

You can put the money in savings all at once to get the $50. Then transfer it all over to checking. At least thats what i did way back when. (I kept all my accounts except the savings). (Us bank has zero cost mortgage refinancing at the lowest rates around. Military accohnts are free, even the platinum account ($25 month fee waived if you or your spouse was/is military)

arizonapv
arizonapv

Missjenniferd1 I already set up the Checking to transfer $42/month to the Savings. Do you mean I could just put an extra $500 in the Savings and the $50 will post? Do I need to change the monthly transfer schedule that I already set up?

Missjenniferd1
Missjenniferd1

Unless they changed it, thats what i did. IIRC, it had like a goal or something, so i went online and transferred enough to reach the goal, and my money posted. Then i closed the account. Youll have to check if theres an etf but i dont think there was when i did it. Ive been with us bank for like 15 years now. Ive moved 3 times and had my first mortgage with them each time, plus did nofee refances every few years as the rates dropped. Did each and every credit card bonus they offered as well. I love us bank! No im not affiliated with them, but theyve always been excellent with all their bonuses, but mostly i love them for their mortgages/refinances, but i know ive done at least 4 credit card bonuses with them. Their regular cards they offer, plus they are the card for kroger & affiliates cards as well, and theres a bonus for that as well.

Kimillionaire
Kimillionaire

Another data point in support of transferring funds all at once to meet the Smart Start $50 bonus. I transferred $500 from my US Bank checking account into the savings account. The balances updated immediately, and the next day it showed that I had met the requirements for the bonus. I saved a PDF of the screen saying “Congratulations, you’ve met your savings goal of $500! Keep on saving! Your $50 reward will be paid into your savings account after your program end date.”

Rick
Rick

how fast does bonus typically post for US Bank after meeting the DD requirement. do they take the full 60 days to pay you or usually quick?

PPAP
PPAP

7/17 opened in branch CA $25 to open
7/19 $1000.01 Ally ACH (“Electronic Deposit Ally bank)
8/10 $1001 Chase ACH (“Electronic Deposit Jpmorgan Chase)
9/6 $200 bonus applied (“Adjusted Interest”)
Not sure which of my Ally or Chase transfers counted, but one of them worked.

Sammy
Sammy

Just updating on the status of my bonus which just posted on 9/7 as “Adjusted Interest”. I am unsure of which transaction triggered the DD requirement as they are all listed under as a “electronic deposit” transaction.
7/11 Opened U.S. Bank Gold Account
7/18 $1001 Paypal
8/22 $1001 PNC
8/28 $1001 Chase
9/7 $200 Bonus “Adjusted Interest” posts

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