Posted by William Charles on January 22, 2019
Bank Account Bonuses

Published on January 22nd, 2019 | by William Charles

41

[YMMV] U.S. Bank $200 In-Branch Checking Bonus – Direct Deposit Not Required

Update: Deal is back and valid until January 22nd, 2019! Last day today.

Update 1/21/19: Deal is back, unsure exactly when the new end date is. I assume it’s sometime in January but if somebody can confirm that would be fantastic. Hat tip to reader Silver Bay.

Offer at a glance

  • Maximum bonus amount: $200
  • Availability: Select In branch locations only [Branch locations | Map]. They have branches in AR, AZ, CA, CO, GA, IA, ID, IL, IN, KS, KY, MN, MO, MT, ND, NE, NM, NV, OH, OR, SD, TN, UT, WA, WI, WY
  • Direct deposit required: Not required
  • Additional requirements: $100 in debit card transactions per month
  • 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: November 26th, 2018 January 22nd, 2019

The Offer

No direct link. Offer is available at some select U.S. Bank locations. These are normally branches found in supermarkets

  • Receive a bonus of $200 when you open a new U.S. Bank consumer checking account when you complete the following requirements:
    • Receive $50 each month you spend $100 or more on your new Visa debit card (January, February, March, April)

The Fine Print

  • Offer is not valid if you have an existing U.S. Bank consumer checking account, had a U.S. bank checking account account in the last six months or received other U.S. Bank bonus offers within the past twelve months
  • Offer is not available to accounts opened through usbank.com or 24 hour banking
  • 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

These accounts have no early account termination fee

Our Verdict

We saw a similar recent bonus, that one was slightly better as it only required $50 in debit card spending rather than $100. Deal is still worth doing though. Just keep in mind you’ll only find it at U.S. Bank branches that are part of a grocery store, not exactly sure why they do it this way but they do.  I will be adding this to the best checking bonuses.

Big thanks to reader, Brian & who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:



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Lingua
Lingua

Doing the previous one and the bonuses are posting as promised 5 days after the month is over.

Martin
Martin

I think U.S, Bank does not have any retail branches in Texas, which is consistent with the result from the locations search page.

DMitri221
DMitri221

Under Additional Requirements in the summary, you have the reward listed instead of the requirement.

You get $50 when you spend $100.

Heartlanta
Heartlanta

Contrary to the map link, there are no U.S. Bank branches in Georgia; this can be seen on their location list and search tool.

CJ
CJ
Pete
Pete

Is the fee waived for any of their credit cards, or only the ones listed in the post? Flex perks has a visa and an Amex. Would the fee be waived if I have the amex flexperks gold?

Dailybread
Dailybread

Just called and asked about their “Because You’ve Earn It” program for the fee-free Gold checking. The credit cut off is 740 (TransUnion Vantage 3.0). Need to open the checking first before enrolling in the program. Once enrolled, you won’t be de-enrolled even if credit falls below 740.

Jared
Jared

Thank you for this! I have been wondering what the correct order was for this process for each of these deals I have seen.

Cynthia
Cynthia

called my local branch (IA) and they told me i need an offer code

Lee
Lee

Went into my local branch and they had no idea what I was talking about.
Oh well!

AlarmingConsequence
AlarmingConsequence

In which geographical area do you live?

Dailybread
Dailybread

I called a stand-alone branch and they had no idea what I was talking about. I then called a branch inside a grocery store and the rep confirmed the offer right away.

AlarmingConsequence
AlarmingConsequence

Thanks for the info. Are you in the San Francisco Bay Area?

Dailybread
Dailybread

socal area.

Patrick
Patrick

I went to a grocery store branch in NV. They had a lot of signage advertising the promo. Unfortunately, I could not open an account because I do not *live* in NV.

Percy
Percy

William Charles They don’t have any branches in FL.

DMitri
DMitri

East Tucson DP: The Safeway branch on Valencia has the offer.

AlarmingConsequence
AlarmingConsequence

Promotion offered at Burlingame Safeway Branch and ATM
1450 Howard Ave Burlingame, CA, 94010-4202
650.375.8003
Lobby 10 a.m. to 7 p.m.;

hailstate
hailstate

Opened at a US Bank at a King Soopers in the Denver Metro area. I called the standalone branch downtown, no dice. I had to specifically ask for the Gold account, he tried to push me into silver. I also had to educate the banker about the “Because You’ve Earned It” program. $25 to open the account.

Bobby Cobby
Bobby Cobby

Just called a grocery store branch in Chicago, and according to the rep, this promotion (at least at this location) ends today, 1/22/19.

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