Offer at a glance
- Maximum bonus amount: $100
- Availability: Nationwide, must have a Silver, Gold or Platinum Checking accounts, paired with a Package Money Market Savings account with U.S Bank
- Deposit Required: $1,000
- Length of deposit: One year
- Interest rate: 0%
- Additional requirements: None
- Hard/soft pull: Soft pull
- Credit card funding: Up to $500 (might not be possible to fund the S.T.A.R.T account, but can fund the checking and then transfer)
- Monthly fees: None for S.T.A.R.T
- Early account termination fee: Account has to be kept open for a year to get full bonus. No mention of a EATF in the fee schedule.
- Expiration date: None listed
Contents
The Offer
Direct link to offer (via Chasing The Points)
- Open a S.T.A.R.T account and receive up to $100 in Visa gift cards from U.S Bank.
- Receive a $50 Visa gift card when you save $1,000
- Maintain that balance for a year and get another $50 Visa gift card
The Fine Print
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
To be eligible for a S.T.A.R.T account you need to have a Silver, Gold or Platinum Checking accounts with U.S Bank and a package money market savings account.
Silver Checking $6.95-$8.95
The monthly fee on this account is $6.95 if you have online statements and $8.95 with paperless statements. The fee can be waived if you have combined monthly direct deposits totalling $1,000+ or a combined account balance of $1,500.
Gold Checking $10.95-$12.95
The monthly fee on this account is $10.95 with online statements and $12.95 with paper statements. It’s waived if you have a U.S bank personal loan, line or credit card.
Package Money Market Savings Account
This account does not have a monthly fee.
Our Verdict
I always try to get at least $100 in value out of any bank bonus. This bonus is a maximum of $100, but you have to discount that a little because it’s two $50 Visa gift cards and you need to lock up $1,000 for a year ($1 or so in lost interest). Because of that, it falls below my $100 requirement.
In the past U.S bank have offered $150 for opening a regular checking account, I think this S.T.A.R.T bonus becomes attractive when you pair the two together. You should hopefully only get hit with ChexSystems once. I already closed my U.S Bank checking account that I had from the $150 bonus, otherwise I probably would have given this bonus a go.
When another sign up bonus comes along, I’ll see if I can get that one again and also complete this S.T.A.R.T bonus. We’ve added this bonus to our list of saving account bonuses.
Direct link to offer | Screenshot of offer
Hat tip to Chasing The Points
