Posted by William Charles on April 18, 2018
Bank Account Bonuses

Published on April 18th, 2018 | by William Charles

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[Expired] [YMMV] U.S. Bank $200 In Branch Checking Bonus

This deal is no longer available, view more checking bonuses here.

Update: Looks like this isn’t available and was part of some special employee deal. Not sure why our reader was able to get it.

Update: I have been told this is for all “in-store” branches, those branches that are inside a grocery store or other store, not applicable for on-site “college campus branches” or “traditional” standalone branches.

Offer at a glance

  • Maximum bonus amount: $200
  • Availability: In branch only [Branch locations]. They have states in AR, AZ, CA, CO, FL, GA, IA, ID, IL, IN, KS, KY, MN, MO, MT, ND, NE, NM, NV, OH, OR, SD, TN, TX, UT, WA, WI, WY
  • Direct deposit required: Yes, $1,000+ within 60 days
  • 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 30th, 2018

The Offer

No direct link, offered in branch only (apparently all U.S. Bank branches have this offer)

  • U.S. Bank is offering a bonus of $200 when you open a new consumer checking account between March 1st and April 30th when you complete the following requirements:
    • Receive direct deposits totaling $1,000 or more within 60 days of account opening

The Fine Print

  • $200 bonus will be deposited into your new checking account within 60 days of direct deposit verification as long as your account is opened
  • 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 checking account account in the last six months or received other U.S. Bank bonus offers within the past six 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

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

A reader told me there would be a $200 U.S. Bank checking bonus during this time frame, but I never saw anything online so just thought it didn’t exist. Turns out it’s in branch only. Keep in mind there is a $300 checking bonus from U.S. bank for those who live in DC, parts of VA, MD, WV, PA that can also be done online. U.S. Bank usually offers this $200 checking bonus once a year, they offered it publicly last June (ended in August). That would make some people ineligible for this bonus depending on when you received your bonus/closed your account (needs to be at least six months from both of those dates).

I think it’s worth doing as it can be churned and having the deposit account is also useful in getting approved for the Altitude. The bonus requirements are also relatively easy to meet as well and most people won’t have an issue with keeping the account fee free (e.g credit card qualifies for this). Downside is that it has to be opened in branch. Still I’ll be adding this to our list of the best checking bonuses.

Big thanks to reader @vonUnterstein who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:



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Randall
Randall

After reading the fine print doesn’t this apply to all checking accounts that aren’t student and safe debit account? So you could open easy checking which only requires $1k deposits or 1.5k monthly balance to avoid fee. If you didn’t have a LOC or a credit score high enough to qualify for because you earned it I don’t see why you would open the gold with its monthly fee. The wording of your post leads you to believe you need the gold. Maybe I’m not seeing something. Chuck

Matt
Matt

good luck getting approved for a credit card though. haven’t had any luck in 3 years.

Tommy
Tommy

Hm, I opened an REI store card in 7/17 when at which point I was 12/12 months.

Leefull
Leefull

No branches in Florida.

Raymes
Raymes

Anyone have input on how long it takes for them to deposit the $200? Not looking to open a US Bank CC, so I’ll have to eat the monthly fee.

Dan
Dan

They’re pretty quick — last one I did I received the bonus within 30 days of meeting the requirements.

Leapfrogger
Leapfrogger

Had no trouble getting the $200 back last summer.

Freddy
Freddy

I’ll miss being eligible for this one by one day, closed my last account on Nov 1 last year. Oh well, hopefully they’ll have their summer special again this year.

Mike
Mike

Does having a US bank mortgage count for waiving the $12.95 monthly fee?

Nate
Nate
David
David

WHy is this ymmv? Do you have to be targeted in addition to going in to the branch?

Tommy
Tommy

So, I should be good to apply if I closed my last account on 10/3/17?

Charles Mann
Charles Mann

I wonder if the CC bonus I got from them recently disqualifies me

pato
pato

I called my local branch and the lady said unless you have a targeted code you don’t get a bonus. !!

Jim
Jim

Just a buyer beware. Have done a US Bank bonus with targeted mailings several times, and the last two, they wouldn’t pay out. Had to call multiple times, escalated to various departments (marketing, etc.), and still once they didn’t credit my account. Did a CFPB to earn the bonus there.

Then a year later, once again no bonus after six months, so was just about to submit another CFPB complaint, but a Tweet to their media/PR account managed to get it escalated.

Mike M.
Mike M.

The fine print at the bottom of this bonus offer states:

“Address on new account must match address on mail or email received to be eligible for the bonus. Bonus will not be paid if promo code is retrieved by unintended recipient or if promo code is retrieved from a deals website.”

Seems very YMMV.

Matt
Matt

where do you see that? i don’t see the language anywhere on the image that was posted

Mike M.
Mike M.

I actually went into a branch and tried to apply. There was an ad similar to the one posted on this website but different image. I didn’t apply since I didn’t receive a mailer and US bank usually does a nationwide offer every year. I’ll wait.

Edit: It was a branch inside of a Kroger’s in KY.

dillweed7
dillweed7

What’s YMMV?

Coloadomud
Coloadomud

Stopped by a branch in Golden Colo. on the 19th and they had no clue regarding this offer. Maybe this is restricted by region?

Fred
Fred

05/07 $200 bonus posted
Push from Charles Schwab brokerage counts as DD.

Joe
Joe

When does the DD hit the account?

sfplat
sfplat

What did it say in account activity? “Electronic Deposit” ?

Margie
Margie

I have the same question.

sfplat
sfplat

Mine posted as “Electronic Deposit / Schwab Brokerage.” Bonus arrived 16 days later.

Margie
Margie

Thank you so much for the reply!

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