Available nationwide if you already have a relationship with U.S. Bank or in any of the 26 states in which they operate in if you don't, U.S. Bank is offering a $300 welcome bonus when you open a new business checking account and deposit new money. The minimum deposit requirement has nearly halved since the last time it was offered. You can open the account online; however, you must use the promo code when applying to receive the bonus.
How To Earn The Bonus
The U.S. Bank Business Checking promotion requires you to deposit and maintain a minimum balance in order to earn the $300 bonus.
Full requirements to receive this bonus are:
- Open a new U.S. Bank Silver, Gold or Platinum Business Checking Account with the promo code 'Q2BUS22'.
- Within 30 days, deposit $3,000 in new money and maintain that balance for 60 days.
- Within 60 days, Enroll in the U.S. Bank Mobile App or U.S. Bank Online Banking.
- Within 60 days, make five qualifying transactions Debit card purchases, Merchant deposits, ACH credits, Wires credits/debits, Mobile Check Deposit or Bill Pay) .
- Bonus will be deposited into your new U.S. Bank business checking account within 45 days of deposit verification, as long as the account is open and has a positive balance.
Open a Business Checking account before the bonus expires on July 29, 2022
The fine print
- Limit of one Business Checking bonus per business.
- 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 12 months.
- The new money deposit cannot be funds held by U.S. Bank or its affiliates.
How does this checking offer from U.S. Bank compare?
To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:
Chase
Chase Business Complete Banking℠
- Bonus
- $300
- Account Type
- Business Checking
- Expires In
- 20 days
- Requires
- Min Balance
- Card Spend (optional)
Axos
Business Interest Checking
- Bonus
- up to $200
- Account Type
- Business Checking
- Expires In
- 91 days
- Requires
- Min Balance
Amex
Business Checking
- Bonus
- $300
- Account Type
- Business Checking
- Expires In
- Limited Time
- Requires
- Min Balance
Why U.S. Bank?
U.S. Bank is the consumer banking division of U.S. Bancorp, which is the fifth-largest banking institution in the United States.
The bank traces its history back to 1863 when it was first opened as the First National Bank of Cincinnati. Following a series of mergers and acquisitions in the early 2000s, U.S. Bank officially established its headquarters in Minneapolis, Minnesota, and now operates over 3,000 physical branches across the Midwest and Western U.S.
Silver Checking Package
The Silver Checking Package from U.S. Bank is an entry-level no-monthly-fee option to starting a business banking relationship with U.S. Bank. It's designed for new or small businesses with basic banking account needs.
With it, you'll get 125 transactions each month ($0.50 per transaction beyond that) and 25 cash deposit units.
This is in addition to the features that come standard with all of their business checking accounts, including online and mobile banking, card payment processing, check fraud prevention tools, and an "EZ Switch Kit" to help with switching your existing accounts.
Fees
Silver Checking Package does not charge a monthly fee.
Gold Business Checking
The Gold Business Checking Account Package is U.S. Bank's middle-tier option for small business owners.
With it, you'll get 300 transactions each month ($0.45 per transaction beyond that) and 100 cash deposit units.
This is in addition to the features that come standard with all of their business checking accounts, including online and mobile banking, card payment processing, check fraud prevention tools, and an "EZ Switch Kit" to help with switching your existing accounts.
Fees
Gold Business Checking does charge a monthly fee of $20, but there are ways to get this waived:
- Have an average collected checking balance of $10,000.
- OR, have an average collected checking balance on interest-bearing option of $25,000.
Platinum Checking Package
The Platinum Checking Package from U.S. Bank is a higher tier solution designed for mature businesses with higher balances.
With it, you'll get 500 transactions each month ($0.40 per transaction beyond that) and 200 cash deposit units.
This is in addition to the features that come standard with all of their business checking accounts, including online and mobile banking, card payment processing, check fraud prevention tools, and an "EZ Switch Kit" to help with switching your existing accounts.
Fees
Platinum Checking Package does charge a monthly fee of $30, but there are ways to get this waived:
- Maintain an average collected checking balance of $25,000.
- OR, have combined average collected business deposits and outstanding business credit balances of $75,000