Posted by William Charles on March 6, 2019
Bank Account Bonuses

Published on March 6th, 2019 | by William Charles

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[Targeted] U.S. Bank $250 Checking Bonus

Offer at a glance

The Offer

No direct link, sent out via snail mail

  • U.S. Bank is offering a bonus of $250 when you open a new checking account and complete the following requirements:
    • Open a Platinum checking or easy checking account by April 30th, 2019
    • Complete two recurring direct deposits that total $1,000 or more within 60 days of account opening

The Fine Print

  • 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 has 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 1 bonus per customer).
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Easy Checking $6.95

This account has a $6.95 monthly fee, this is waived if you do any of the following:

  • Combined monthly direct deposits totaling $1,000+
  • Average account balance of $1,500
  • Account holders age 65 or greater

Platinum Checking $24.95

The Platinum checking account package has a $24.95 monthly fee. This is waived with :

  • $25,000 in combined personal deposits, credit balances with U.S. Bank and/or investments through U.S. Bancorp Investments OR
  • A personal trust relationship with U.S. Bank Wealth Management
  • U.S. military, both former and active, can get the platinum checking without the monthly fee

Early Account Termination Fee

There is no early account termination fee to worry about

Our Verdict

There is currently a public bonus for $300. Requirements are fairly similar, but this $250 bonus has a lower direct deposit requirement and in addition you can open the easy checking account rather than having to deal with the Platinum account. Because of that some people will prefer this smaller but easier bonus. Unfortunately it’s targeted so we won’t be adding this to our list of the best checking account bonuses.

Hat tip to Miles to Memories

Useful posts regarding bank bonuses:



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Toad
Toad

William Charles — I received a targeted mailer. Same stuff except $300 bonus and only Platinum Checking is allowed. Basically the same as the public one but a lower DD (2 x $1k within 60 days)

john m
john m

Me,too. US used to be easy to get there bonuses. Now with a high DD.

ChurnBro52
ChurnBro52

Just an FYI, I recently got my checking account shut down by US Bank.

I had a USB checking account that I opened when I first applied for the US Bank Altitude Reserve credit card. I had the USB checking account open for about a year and a half but I never really used it. I recently tried to deposit a $4,000 check at my local branch. I wrote the check to myself from myself (from a different bank account), I was only trying to transfer some funds.

Two days after my deposit, the check cleared in both of my US Bank account and in my external source account.The deposit triggered a hard closure due to “suspicious activity” and “activity not consistent with the terms and conditions”.

I spoke to the local Branch Manager, and there was nothing they could do. My account was frozen and and I have to wait until all funds were verified and I am supposed to receive a cashiers check within 2-3 weeks for the remaining funds in US Bank account. I spoke to my external bank and they were not seeing any returned checks on their end, it looks like the check cleared with no issue.

Kind of a pain, I’ve never had issues writing a check to myself before at other bank accounts, but just a precautionary warning to others who may use US Bank.

john m
john m

$24.95 monthly fee unless they hold lots of your money at practically no interest.

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