Posted by Chuck on February 26, 2018
Bank Account Bonuses

Published on February 26th, 2018 | by Chuck

67

[Expired] U.S. Bank $300 Checking Bonus with $1,500 Direct Deposit (DC, parts of VA, MD, WV, PA)

This deal has expired, click here for the best current checking sign up bonuses.

Offer at a glance

  • Maximum bonus amount: $300
  • Availability: (DC & parts of VA, MD, WV, PA)
  • Direct deposit required: Yes, $1,500
  • Additional requirements: None
  • Hard/soft pull: Soft
  • ChexSystems: Mixed data points
  • Credit card funding: None
  • Monthly fees: $10.95-$12.95, waivable 
  • Early account termination fee: None
  • Household limit: None mentioned
  • Expiration date: April 30, 2018

The Offer

Direct Link to offer

  • Open a new U.S. Bank Gold Checking package and complete recurring direct deposits totaling at least $1,500 or more within 60 days of account opening to earn a $300 bonus.

You can also call in and get this offer with promo code: DCGOLD3.

The Fine Print

  • This offer is valid in Washington D.C. and limited surrounding areas in Maryland, Virginia, West Virginia and Pennsylvania and is not transferable.
  • A minimum deposit of $25 is required to open a U.S. Bank consumer checking account.
  • To earn the $300 bonus offer, open a new U.S. Bank consumer Gold Checking Package between and including February 22, 2018 and April 30, 2018. Additionally, you must complete recurring direct deposits totaling at least $1,500 or more within 60 days of account opening.
  • The checking account bonus will be deposited into your new consumer checking account within 60 days of direct deposit verification, as long as your account is open and account balance is positive.
  • 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 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 six months. 

Avoiding Fees

There is a $12.95 monthly fee. This is waived with one of the following: an open U.S. Bank personal loan, line or credit card. Many of us have a U.S. Bank personal credit card like Altitude, Flexperks, or Cash+; that would work to keep the account fee-free. 

There’s also apparently another way to qualify for a free Gold Checking for those with good credit scores who join the Because You’ve Earned It program. 

Our Verdict

Excellent offer with fairly easy requirements and for those in the area, plus most of us can get this fee-free. Not sure how broadly this offer is available in VA, MD, WV, PA. It might be tied to people who live within 50-100 miles of a branch. Another advantage is opening this would make you eligible for the Altitude Reserve card as well (still have to wait 30 days unless you apply in branch).

Reader YAR told us about the bonus they heard on the radio with promo code DCGOLD3. Seems like if you use the online application the promo code is embedded, but it’s good to hear it’s a public offer on the radio and it should work for anyone in the eligible area. YAR also tells us that credit card funding was not an option which is odd being that in the past they used to always allow up to $500 in funding.

Keep in mind that U.S. Bank typically does not like to approve people for deposit accounts if you have ARS/IDA frozen. It might make sense to unfreeze those before applying. Another theory is you need to live somewhat close to a branch.

Hat tip to reader Yet Another Redditor via email and on Reddit

Useful posts regarding bank bonuses:



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Hodor
Hodor

No go in southeast PA.

Steven Dalnekoff
Steven Dalnekoff

Anyone know if co-branded US bank cards count for the fee waiver? i.e. REI mastercard?

Joanne
Joanne

FYI, I called the bank gave my zip code in PA with the code on this offer and the gentleman stated I wouldn’t quality. I live in the Pittsburgh region.

DCJoe
DCJoe

Wonder if this means U.S. Bank is going to be expanding to the DC area? They have no branches anywhere near right now.

Gadget
Gadget

Good question. Maybe they are just trying to donkey punch Chase, since I believe I read that is an expansion area for them?

Charlie
Charlie

If Chase and US Bank both expand into the DC area this year, somebody is going to have to start closing some branches. We already have BofA, Wells Fargo, Citi, TD, PNC, M&T, BB&T, Capital One, and numerous credit unions.

Jiawei
Jiawei

Applied, results pending, living in Fairfax, VA.

AndrewS
AndrewS

Please update when you get a decision. Last year I applied for a similar promo and was denied. Also in Fairfax County.

Gadget
Gadget

The first link on the US Bank website will tell you right away if your in a eligible zip code. Mine fails – from SE VA.

Jiawei
Jiawei

Approved, after sent required documents via email.

escot
escot

A good offer indeed. (would have worked with USB / Club Carlson cards too) The Virginia availability seems to be restricted to nothern half of the state. (say from Winchester across to Culpepper to Fredericksburg and north of that line, but not Richmond, Hoo’ville, Tidewater etc.) Boo-Hoo.

Bill F
Bill F

Nothing for in Central PA.
“We’re sorry.
U.S. Bank doesn’t offer checking or savings accounts in your area. To help you meet your financial goals, please consider other U.S. Bank products.”

Dan
Dan

I got this message as well. Funny wording since there are tons of US banks in my area.

Tankus
Tankus

No go in Baltimore

Shea Travels
Shea Travels

ditto.

James
James

I was approved for a Because You’ve Earned It Gold Checking Account. I applied from McLean, Virginia.

Rob
Rob

Do you know if applying for Because you’ve earned program would trigger a hard pull or soft pull on credit?

dcdc
dcdc

Also interested in the answer to this.

Sam
Sam

Soft pull

Sam
Sam

Soft pull

Santander
Santander

Live and Work in Vienna, VA (NoVA). Eligible, applied but application went pending.

Doggo
Doggo

For some reason I didn’t qualify for BYEI with a 735 credit score… Anyone know if the monthly fees are waived for the first couple months? Or I guess I’ll just eat the fees and hope they post the bonus ASAP

Gav
Gav

Approved under 22031 and opened. Enrolled under Online Banking. Approved for BECAUSE YOU’VE EARNED IT program but upon submission encountered a technical error.

John
John

Same for me, I got “There is a problem with the system. Please contact administrator.” I’m going to let the account be open for a couple days and try again.

Sam
Sam

Same here! Tried multiple times and called them too.

Aitan
Aitan

I attempted to apply for a checking account with US Bank last week so I could apply for the Altitude card (since it requires a preexisting relationship and I didn’t want to apply for another credit card). Their website would not allow it as I’m based in MD. I gave up. It wasn’t worth it to travel to OH just to open an account.

Fast forward to today and DoC provides a working link to a promo that may include MD. I can confirm it worked for me. I got the confirmation email indicating I was approved and will receive my debit card within 7-10 business days.

I didn’t count on getting a checking bonus too alongside the Altitude sign-up bonus (I’ll wait a month before applying). Thanks for the heads up!

William Charles

Glad to help

Frogger
Frogger

What’s your zip code?

Mark
Mark

Both my SO and I signed up yesterday (in Arlington, VA) and were approved. We were able to set up online access and received an e-mail saying our applications were approved. Today, we both received e-mails that the accounts could no longer be opened due to “information provided.” Is anyone else experiencing this?

dcdc
dcdc

Any idea if there’s an early account termination fee? Doesn’t seem to have the standard language from other banks about keeping the account open for 180 days.

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