Posted by William Charles on June 24, 2019
Bank Account Bonuses

Published on June 24th, 2019 | by William Charles

122

U.S. Bank $300 In Branch Checking Bonus

Offer at a glance

The Offer

No direct link, in branch only

  • U.S. Bank is offering a bonus of $300 when you open a new consumer checking account and complete the following requirements:
    • Mention promo code Summer Banking 2019
    • Complete recurring direct deposits of two or more that total $2,000 or more within 60 days of account opening
    • Be enrolled in either U.S. Bank online banking or the U.S. bank mobile app by July 24th, 2019

The Fine Print

  • A minimum deposit of $25 is required to open a U.S. Bank consumer checking account.
  • To earn the $300 bonus offer, you must open a new U.S. Bank consumer checking account (excluding Student Checking and Safe Debit Account) between and including June 19, 2019 and July 24, 2019.
  • Additionally, you must complete recurring direct deposits of two or more that total $2,000 or more within 60 days of account opening and be enrolled in either U.S. Bank online banking or the U.S. Bank Mobile App by
    July 24, 2019.
  • Talk to a banker for assistance in enrolling.
  • The checking account bonus will be deposited into your new checking account within 60 days of direct deposit
    verification, and verification of enrollment in either U.S. Bank online banking or the U.S. Bank Mobile App.
  • The account must be open and have 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.
  • Offer is not applicable to accounts opened through usbank.com or 24 Hour Banking.
  • Current U.S. Bank employees are not eligible.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly 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. 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. You now need to specifically ask for the gold checking account.

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 (no fee), 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. Another option is to get the Gold account and get the fee waived if you have a good credit score and join the Because You’ve Earned It program. 

Early Account Termination Fee

There is no early account termination fee to worry about

Our Verdict

Earlier in the year there was a $300 bonus that could be done online, the downside to that bonus was it required a Platinum checking account. This bonus is easier to keep fee free, but you do have to deal with the hassle of opening in branch. I’m fairly sure this deal is available at all branches, but it’s possible it’s not.

Hat tip to reader Greg

Useful posts regarding bank bonuses:



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Ken
Ken

Too bad my employer does not do Direct Deposit! Been wanting to get a US Bank checking account to have relation for the Altitude card.

Mimi
Mimi

Ken
If you have Alliant CU, you can try that as source of DD. It worked for us last Feb this year to get our bonus. Others you can try with high chance of success are Elements CU, Serve and BB.

Ken
Ken

How would I go doing that? I have a Serve account. Thank you for your input.

Mimi
Mimi

Ken
Under Pay & Transfer >> Add Money >> Debit or Credit card (link a card) >> Scroll down to where you see link a bank account >> enter the routing number and bank account number.

Serve will deposit two small amounts less than $1 to the external bank account. Check it in one or two business days and soon as you see those micro deposits, go back to Serve and enter them to complete verification process. As soon as you have verified the account, your external bank is now linked to Serve and you can start withdrawing money to it.

HTH.

Anna O
Anna O

What is a Serve account?

Mimi
Mimi

Anna O it’s an am3x prepaid card. google it for more info

Hari

You’re considered an existing eligible customer if you have any of the following:

U.S. Bank Checking or Savings account
Certificate of Deposit
Mortgage
Home Equity Loan
Home Equity Line of Credit
Auto/Boat/RV Loan
Personal Loans and Lines
Private Banking account
Consumer Credit Card

So not necessarily a bank account relationship. Though, Bank account is the easiest and another credit card would be quite easy as well.

david190810
david190810

You don’t need a real direct deposit to trigger US Bank account bonus. ANY ACH transfer will work.

Sonia
Sonia

thanks David!

Michael
Michael

Do you have to live in the state where they have a branch in order to qualify for the bonus

Mimi
Mimi

AFAIK during the last chkg we got approved and received bonus in Feb this year, it was a requirement to reside in a state they have branches.

PH
PH

Opened account yesterday in branch in Wisconsin and I am from another state

Shirley
Shirley

Ally worked as a direct deposit for me on the last promo and the bonus posted within 3 weeks after meeting the requirements.

AndreRamirez
AndreRamirez

This appears to have extremely limited geographic availability,

The post should probably be updated to indicate this limitation.

EDIT: It appears the list of cities I mentioned earlier is not the list of areas this bank has locations in, it was just a list of corporate centers. Still, I am struggling to find a single bank location on their site, let alone one near me.

Kat
Kat

Check for branches. The previous post saying only a Cincinnati Ohio branch was included was incorrect. Several in Columbus.

Hari
Meepster17
Meepster17

Doc, US Bank also has a program called “Because You’ve Earned It”, which waives the monthly fee on a Gold Checking based off your good credit score/history. It isn’t a hard pull, and gives people another fee-free (no min balance) way to do this, if they qualify.

Beware that when I did it (and some others) the bankers had no idea what it was and had to call “corporate” to get the “ok”. You can verify eligibility online (at least I could, but I already had the account.)

(This is NOT in any way a referral link, just a link to the program)

https://www.usbank.com/bank-accounts/checking-accounts/credit-score-checking-account.html

Gadget

Any active military or veteran can also get a free checking account, up to the platinum package. https://www.usbank.com/military/military-banking.aspx Based on my experience, just make sure mil status is reflected. Your acct statement will say “customer segment = military” if they added it.

Steve

What’s the credit score threshold to be eligible for that?

Meepster17
Meepster17

They don’t officially list anything, but for some reason I thought it was around 685-700. But I am NOT sure.

Dayn_Perrys_Vape
Dayn_Perrys_Vape

My TU FICO as of today is 779 and they told me I’m not eligible lol

Levin
Levin

The banker I spoke to when opening my account mentioned, threshold of 760

brandon
brandon

do you sign up in branch and have them add this to the account after you open? seems like opening it after checking it online wont attach the bonus

Meepster17
Meepster17

Personally, I had mine open for 2 years but I had the Silver. I converted my account to the gold, and then called to my local branch and had them add it. Theoretically, I could have had it attached online without any interaction, but it wouldn’t work for me.

Jay
Jay

“Additionally, you must complete recurring direct deposits of two or more that total $2,000 or more within 60 days of account opening…”

Just to make sure: Two direct deposits of $1000+ each will qualify, right?

Gadget

Yes. “Total” is the key word. $500 x 4, $250 x 8… $1500 and $250 x 2.

Jay
Jay

Thanks (as always 🙂 )

John
John

Hi,

Does this require a promotion code? I see that other offers from US Bank appear to be targeted and require codes. Thanks.

Dith
Dith

Yes, I had to find a code and tell it to the banker. It was Happy 2019 or something silly like that, but I don’t remember it.

Brownstien
Brownstien

Credit card funding?

Jeff
Jeff

Closed my last US Bank account in October last year and haven’t gotten a bonus since late ‘17 (kept account open too long, totally forgot about it). That was an online bonus and available nationwide. I assume I’d be eligible again? Is USB churnable? Am I eligible to do this in-branch offer even though I live out of state? No USB branches in MI but will be traveling through WI in mid-July.

Mimi
Mimi

churnable? in our experience, YES

eligible if applying in branch with an OOS ID? you have to try it and be the DP you want to see. GL!

calvin n
calvin n

no go in tn but there is a $400 business offer with $5k new money.

PersonofNoInterest
PersonofNoInterest

Link / picture of offer?

Zorn
Zorn

I would love to see any info on this

NH4NO3
NH4NO3

Question: is it Silver Checking or Easy Checking? I can only find those accounts at their website:
Silver Business Checking Package
Easy (Personal) Checking

And for the Easy Checking, there is no requirement for any connected Money Market Savings account.

Valerie
Valerie

banker said they discontinued the silver checking, probably for personal then. Easy is now their lowest tier account, so yes no MMS needed.

Steve

Does having a US Bank checking account help any to avoid the “number of recently opened trade lines” rejection reason when applying for a US Bank credit card?

Mitch
Mitch

Is there a reason this is not on the main “best bank accout bonuses for June” page?

Bryson
Bryson

Just opened a checking account in U.S Bank, confirmed with the banker who said a student checking will also be eligible for this bonus.

Kyle ❤
Kyle ❤

I opened today and the flyer clearly says student checking and safe debit account is not eligible. I signed up for the easy checking.

Sonia
Sonia

Was able to open an account with the bonus attached just now

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