Deal has ended, view more bank account bonuses by clicking here.
Update 6/30/23: Extended until August 31, 2023
Offer at a glance
- Maximum bonus amount: $750
- Availability: Nationwide (excludes NY & FL and any other state without a branch unless you have an existing relationship)
- Direct deposit required: None
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Mixed data points
- Credit card funding: Can fund up to $3,000 with a credit card
- Monthly fees: None with paperless statements
- Early account termination fee: None
- Household limit: None
- Expiration date:June 30, 2023
Contents
The Offer
- U.S. Bank is offering a bonus of up to $750 when you open a new Silver, Gold or Platinum Business Checking account and complete the following requirements:
- Use promo code Q2BUS23
- Enroll In the U.S. Bank Mobile App or U.S. Bank Online Banking within 60 days of account opening.
- Bonus:
- Earn $500 when you deposit $5,000
- Earn $750 when you deposit $15,000
The Fine Print
- Promo code Q2BUS23 MUST be used when opening the business checking account. Limit of one Business Checking bonus per business. A $100 minimum deposit is required to open a U.S. Bank Silver, Gold, Gold with Interest or Platinum Business Checking account.
- Earn your $500 Business Checking bonus by opening a new U.S. Bank Silver, Gold, Gold with Interest or Platinum Business Checking account between 04/24/2023 and 06/30/2023. You must make new deposit(s) of at least $5,000 in new money deposits (Direct Deposits, ATM/Branch Deposits, Mobile Check Deposit, ACH or Wires) within 30 days of account opening and thereafter maintain a balance of at least $5,000 until the 60th day after account opening.
- Earn your $750 Business Checking bonus by opening a U.S. Bank Silver, Gold, Gold with Interest or Platinum Business Checking account between 04/24/2023 and 06/30/2023. You must make new deposit(s) of at least $15,000 in new money deposits (Direct Deposits, ATM/Branch Deposits, Mobile Check Deposit, ACH or Wires) within 30 days of account opening and thereafter maintain a balance of at least $15,000 until the 60th day after account opening.
- An individual signer on the new checking account must be enrolled in U.S. Bank online banking or the U.S. Bank Mobile App using their business profile within 60 days of account opening.
- The new money deposit cannot be funds held by U.S. Bank or its affiliates. The business checking bonus will be deposited into your new U.S. Bank Business Checking account within 45 days of balance verification, as long as the account is open and has a positive balance. Offer may not be combined with any other business checking account bonus offers. Offer is not valid if you or any signer on the new business checking account have an existing U.S. Bank Business Checking account or had a U.S. Bank Business Checking account in the last 24 months.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Silver account has no monthly fees to worry about as long as you opt in for paperless statements.
Early Account Termination Fee
There is no early account termination fee to worry about
Our Verdict
Requires a bigger deposit than the $500 bonus, it’s for an extra $250. You do need to maintain the funds for 60 days but the opportunity cost of putting the extra $12,000 in is only ~$100 when comparing to a 5% account so this bigger bonus is worth doing if you have the spare funds and we will add this to the best bank bonuses.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
8/21/23 opened +$100
9/8 +$15k
10/25 -$15k, kept positive balance
11/28 no bonus as of yet, chatted with live agent got this response
“After the initial 60 days have lapsed it can take an additional 60 days for deposit verification and enrollment to be completed. The latest date you will see the bonus deposit if all requirements have been meet is December 19th, 2023.”
Opened account 8/29/23, deposited 15k by 9/20. Still no bonus, and it looks like most people with a similar timeframe received their bonus 11/8. How much longer should I wait before I call them?
Did you ever get it? I’m still waiting on mine and have a similar timeline as yourself.
Nope. I think they have 45 days technically so I’m going to wait to call after day 45. I know I signed up with the code because I called them to verify. I’ll keep you posted.
8/31 Opened $3,000 from Citi Double Cash
9/25 Mobile Check deposit $12,001
10/16 Charged $6 because I didn’t sign up for e-statements
10/20 Reversed the $6 charge after a call to support
10/23 EFT of $25 just to make sure there was enough in there
11/8 $750 bonus posted.
8/9 open with CC
8/17 finished funding via ACH push
11/08 750 bonus
8/25 – account opened with $50 deposit
9/08 – $5000 transferred in
11/08 – $500 bonus posts
For anyone else looking for something to maintain your US Bank relationship for future bonuses, currently they have a 13 month CD paying 4.8%, $1k min deposit. That is better than keeping $300 in a savings acct earning next to nothing in interest. 4.8% is half decent, and it’s only $1k.
7/24 – Successfully opened brokerage account for P2
8/1 – Attempted to open account for P2, had to fax copy of DL to US Bank for verification(search for my other post for more details
8/16 – Account approved and open. $3k funding on Chase Ink Preferred. Created a separate biz login
8/18 – $3k funding pulled out, since I didn’t think it counted towards the $15k
9/8 – $8k push from Sofi
9/11 – $7k and change push from Sofi
10/19 – Pulled $15k out in 2 batches
11/8 – $750 bonus deposited as “adjusted interest”
I pushed/pulled from P2’s Sofi for this bonus and did not get any nasty emails or notices. Many accounts do NOT like a personal account pushing/pulling to/from a business account. Alliant CU(my hub) sent me a nasty gram via mail earlier this year when I did this bonus for myself and pushed/pulled from them to this US Bank biz account.
To be clear, you still do not need to keep the funds parked for all 60 days. You can leave them for around 30 days and still get this bonus.
@novacat05 Very interesting about the Alliant alert… I, P2 and P3 all used Alliant to link/transfer to USB and no issues. Wonder if it’s moreso the frequency of your transfers?
I only did a $3k push from Alliant to this biz account in early April, and pulled the $3k out in early May. Mid-May I got a letter in the mail saying they reviewed my account and found “commercial use” and to basically knock it off or they could close my account if they want. I am very happy with them as my hub, so I immediately deleted linked account. Hoping that doesn’t get me kicked out in their annual booting of seemingly random people every march.
DP (for New York!)
8/3 – opened business checking account under $750 offer. Account was “open but not activated” because my initial $100 funding attempt with a Barclays AA card didn’t go through.
8/16 – followed up by phone and funded $3k with Chase Ink Business Preferred (coded as purchase). Account now open AND activated.
8/25 – push transfer $15,015 from Schwab checking
8/25 – withdrew $2,900 of initial $3k funding (enrolled in paper statements and online banking too)
10/11 – withdrew $15k (pull back from Schwab)
11/8 – $750 bonus hit
*** I live in New York, used my home address, and had no prior USB accounts***
8/17/23: opened account, funded $3K using Chase Ink Preferred
8/22/23: drained account
9/8/23: added $5K new funds
10/23/23: drained acccount
11/8/23: $500 bonus received
I didn’t have enough free cash at the time to go for the higher bonus.
8/23/23 – Opened and funded $3k with CFU (purchase)
9/14/23 – $15,001 deposit
10/23/23 – Withdrew funds
11/08/23 – $750 posted