Posted by William Charles on November 27, 2019
Bank Account Bonuses

Published on November 27th, 2019 | by William Charles

33

[Expired] [YMMV, In Branch only] U.S. Bank Up To $400 Checking Bonus

Deal has expired, view more checking bonuses by clicking here.

Last day for this offer is today, keep in mind there is an online offer as well but only for $300. That one doesn’t end until December 8th

Offer at a glance

The Offer

No direct link to offer, maybe selected branches only?

  • U.S. Bank is offering a bonus of up to $400 when you open a new checking account in branch and complete the following:
    • Use promo code 2019 Fall Checking Offer
    • Complete at least two direct deposits within 60 days of account opening. Direct deposits total you receive will determine your bonus:
      • $1,000-$1,999.99, $100 bonus
      • $2,000-$3,999.99, $200 bonus
      • $4,000+, $400 bonus
    • Be enrolled in either U.S. Bank online banking or the U.S. Bank Mobile app by December 4th, 2019

The Fine Print

  • Promo code must be used when you apply
  • $25 minimum opening deposit is required
  • Bonus will post to your account within 60 days of verifying the direct deposit
  • Offer not valid if you or any signer on the account have an existing U.S. Bank consumer checking account, had a U.S. bank checking in the last six months or received other U.S. Bank bonus offers in the last 12 months
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Easy Checking

This account has a $6.95 monthly fee and is waived if you meet any of the following requiremnets:

  • Combined monthly direct deposits totaling $1000+ – or –
  • Average account balance of $1,500.- or 
  • Account holder(s) age 65 or greater.

Gold Checking

This account has a $14.95 monthly fee but is waived if you have a U.S. Bank credit card. 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. 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

This is better than the standard $300 bonus that we usually see once or twice a year. Downside to this offer is that it’s only available in branch and it might not be available at all branches. In addition the direct deposit requirement is slightly higher as well. If this turns out to be available to everybody and at all branches I will be adding this to our list of the best checking bonuses.

Hat tip to reader John C

Useful posts regarding bank bonuses:



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Raj 2
Raj 2

What works as direct deposit for this bank?

friodin
friodin

I did it with ally

missjenniferd1🦉 🦁

you can find the link to what counts as direct deposit, on each offer, at the top, where he writes “direct deposit required”, there is always a link next to it, and if you click it, it takes you to what works for that particular bank.

Kamal N

It is also one per household for those that want to apply for family members

Ctown Bin
Ctown Bin

Does that mean one per household for THIS bonus, or one checking account total for the house? For example, my wife opened an account online last month for the $400 bonus that was available then. Can I now do this one in-branch?

YoniPDX

Great question. I believe that this may work on line by entering the the code in the promo box (per image above) “2019 Fall Checking Bonus” – Should be able to open with “because you’ve earned it” if your TU FICO is over 740 -opened GOld acct in August this way for wife then added promo for bonus.

7CharLimit
7CharLimit

Online promo codes are limited to 7 characters.

Mango
Mango

It wont work online as the promo code is limited to 7 characters.

YoniPDX

If your in the USB foot print – you should be able to talk with a local branch manager and ask if the promo was applied correctly (play Colombo ) then request an “Enhanced Deposit Promotion Request” to be submitted and for a copy of the printout.

See this post tree:

https://www.doctorofcredit.com/u-s-bank-400-business-checking-bonus/#comment-795628

Jake
Jake

As a datapoint I was able to get the business offer for $400 using EIN, applied in branch for $300 bonus in August and the online offer for $300 for P2 this month. So it seems the household limit was not monitored as we got 2 personal bonuses at same address.

Charles Mann
Charles Mann

When did you open the business account? I tried about 2 months ago and was told the offer had expired.

Wayne
Wayne

Surprised no branches in Florida!

Cole
Cole

Live in PNW. Received US Bank snail mail in last week, but my max offer was $250 for opening up checking.

Millennial Outrage

FWIW just called a Denver branch and they didn’t have any offers publicly available.

Public_Celebration
Public_Celebration

Branch in NE Ohio had this offer publicly available. Called first and they told me to come in. About 30 mins to open account.

TravelingTricks.com

Appreciate the datapoint! Go Browns =/ !

chankris
chankris

Mind letting me know which branch? I called a branch in Oak Harbor and they just asked me to get the flyer with me for the offer. I was not targeted so I don’t have a physical copy

Public Celebration
Public Celebration

Barberton, OH US Bank.

Jim
Jim

Another flyer, advertised as a Diwali promo:

https://i.imgur.com/2x3apYz.jpg
https://i.imgur.com/dOgCoQJ.jpg

vc
vc

I called to see if I could just apply on the phone and have them apply the code. He was going to look into it—so, if you don’t live near a branch, just call them and ask upfront if they can apply it…He said that since they don’t have branches in my state, the application would just be declined because you have to live in a state that they have service in. You can add that to your list of banks that don’t allow out-of-state applications. William Charles

Dinarte
Dinarte

I was able to do it out of state. I opened a saving account while visiting CA when there was no checking account promo. A month later, this $400 deal came up so I called it and they let me open it.

StarAdmiral
StarAdmiral

10/08 – opened account
Transferred $2000×2 ACH from chase 1 week part
11/13 – $400 posted

D
D

The deposit from Chase was just from your personal account? Not necessary to make it a paycheck direct deposit? Sorry, I’m a newb!

StarAdmiral
StarAdmiral

yes personal

KLUE
KLUE

Applied and banker was surprised to see $400 bonus. Approved and was pre-qualified for the Altitude Reserve.

Chris
Chris

I have opened business checking months ago but won’t get the 400 bonus due to promo ending. Will that disqualify me from this promo?

IS250
IS250

William Charles The expiration for this deal is 11/27/19, not 12/4 (12/4 is when you need to sign up for online banking by).

Raj
Raj

Can someone tell me, if I closed my acct in May 1st week, so do I meet 6month criteria by now or have to wait for Dec 2019 ?

Raj
Raj

Update: Ok I visited bank and they said can’t qualify as of today so its not the date but the month which count. 🙁 🙁

creditguy
creditguy

too bad I did a US Bank bonus few months ago already. FYI, discover checking triggers bonus

Ben
Ben

Opened this account today in Iowa, branch had this same flyer

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