U.S. Bank Business Checking up to $800 Bonus

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U.S. Bank : Business Checking

up to $800

4.7

BankBonus.com score

Availability

Ease

Amount

Fees

Offer Expires In

How To Earn The Bonus

  1. Open a new Silver, Gold or Platinum Business Checking Package from U.S. Bank online with the promo code Q3AFL24 and complete qualifying activities. Member FDIC.
  2. To earn $300 bonus: Deposit $5,000 in new money within 30 days of account opening and maintain for 60 days after account opening.
  3. To earn $800 bonus: Deposit $30,000 in new money within 30 days of account opening and maintain for 60 days after account opening.
  4. Subject to certain terms and limitations. Offer valid through September 16, 2024

Available in Your Area?

Yes

Monthly Fees?

Varies

Open Online?

Yes

Credit Pull?

Unknown

U.S. Bank logo

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at U.S. Bank

U.S. Bank is offering up to a $800 welcome bonus when you open and fund a new, eligible business checking account. This is a tiered bonus where you can earn more if you're able to deposit more. To earn the full $800 just deposit $30,000 in new money and maintain that balance for at least 60 days.

This offer is similar to the last time it was offered, and rewards businesses with higher balances, so now might be a great time to jump on it if you've been considering U.S. Bank for your business banking needs.

How To Earn The Bonus

The U.S. Bank Business Checking promotion requires you to deposit and maintain a minimum balance, and optionally, make purchases using the account's card and set up bill pay in order to earn the up to $800 bonus (step-by-step breakdown is listed above!).

As with any offer, don't forget to read the fine print before opening your new account. It's where the bank will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.

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 24 months.
  • The new money deposit cannot be funds held by U.S. Bank or its affiliates.

How does this business 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 Checking®

Bonus
$300
Account Type
Business Checking
Expires In
89 days
Requires
  • Min Balance
  • Card Spend (optional)

Axos

Business Interest Checking

Bonus
up to $400
Account Type
Business Checking
Expires In
12 days
Requires
  • Min Balance
  • Bill Pay
  • Card Spend

Bank of America

Bank of America® Business Advantage Banking

Bonus
$200
Account Type
Business Checking
Expires In
164 days
Requires
  • Min Balance

Recent Versions of This Offer

Banks often tweak the requirements and the reward amount of their welcome offers. Track how this welcome bonus from U.S. Bank has changed over time:

Promo DatesAmountRequirement Notes
Expired Apr 23, 2023$500Open a new U.S. Bank Business Checking Account, deposit $3,000 in new money and maintain that balance for 60 days, Enroll in the U.S. Bank Business Online Banking or the U.S. Bank Mobile App.
Expired Dec 21, 2022up to $500Open a new U.S. Bank Business Checking Account, deposit $1,500 in new money and maintain that balance for 60 days, plus make 10 qualifying transactions to earn $400. Additional $100 available for meeting merchant service requirements
Expired Jul 29, 2022$300Open a new U.S. Bank Silver, Gold or Platinum Business Checking Account, deposit $3,000 in new money and maintain that balance for 60 days, plus make 5 qualifying transactions (debit card purchases, merchant deposits, ACH credits, etc)

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 more than 2,200 physical branches across the Midwest and Western U.S.

U.S. Bank offers a wide range of both personal and small business accounts, and they often offer new customers generous promotions in exchange for opening a new U.S. Bank account.

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 maintenance 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 maintenance 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 maintenance 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

Share Your Thoughts or Questions

There have been 8 comments about the U.S. Bank Business Checking up to $800 Bonus.

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C

April 29

Do you need to keep the money in for a minimum amount of time?

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BOB

February 1

Hey guys UPDATE- APPLY TODAY, but you do not have to be approved today, as per Brett, in the verification process at US Bank.
Also, US bank is NOT in many states, like NY or FL, BUT, THIS PROMO IS NATIONWIDE, as per Patricia, at US Bank Business Dept 800 673 3555.
FYI, they also have a verification dept # 866 268 7231.
This number you only call AFTER you applied and have an application number, that you get on the last page. Another # is an application help hotline 800-215-1571.
Yesterday, when my wife and i applied, I took several hours of my day to get this all done and go from 1 call to being transferred to another, so these direct phone numbers should save you a lot of time
Here is a FAX number 701 461 3631 where you can send in additional docs if you have a hard time uploading and sending, as we did.
....Again APPLY TODAY, to get locked in for the Promo. Sole Prop was easy. We are Realtors and Landlords. Both qualify. They did not even ask for any business docs!
Yesterday we aplied for me and my wife, 2 different businesses.
Today, I applied for my folks, 80 and 85, realtor and Landlord as well, but lower income and BOTH apps were denied
But i am persistent.
I called, got transferred and finally Brett in the verification dept spoke with both my parents directly and both went through. Brett made a comment about applying at a branch, but in NY there are No Branches!
Now we are waiting for emails for the next steps for both parents.
Apparently they were not denied due to age or income, so that is good news
Finally I thought, maybe they were denied cuz im applying from the same laptop, mine?
but no, cuz we did mine and my wife, from my laptop and both went thru yesterday
Note - they do follow up and ask for more docs to be uploaded, which is fine,
so watch your emails
but i thought this would be simpler to do in the application process, like many banks do
OH- THIS IS IMPORTANT
Remember-
As long as you apply today, you are ok for the promo, as per BRETT in the verification process
You do not need to be approved today
and keep watching your email, cuz thats how they ask for more info
and always click on whatever they send you, cuz detailed info only shows up AFTER you click the email link
Thanks for reading. Good luck everyone. Be persistent and polite. You can get it done!
PS, as Grant always says READ THE FINE PRINT to make sure you truly qualify!
All those US Bank numbers listed above, should save you guys a lot of time in getting this done.

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Jon Snow

November 14, 2023

I got approved as a sole proprietorship. No documents were requested. Easy application.

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kat

November 14, 2023

I'm happy with a different usbank offer right now. I'd use them again!

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Doug

November 14, 2023

Part of this offer requires the account holder to enroll in online business banking. This can be really confusing if you already have other US Bank products like a personal checking account or a credit card. An existing US Bank login means you'll be able to see your new Business Checking account on your dashboard. However, this DOES NOT mean you're enrolled in business banking. You actually need to create a 2nd username and password. I missed this requirement, and although I eventually got US Bank to pay, it was a hassle. Don't make the same mistake!

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Lawrence

November 3, 2023

Is this available in NY?

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Matt Bundrick Author

November 3, 2023 Replying to Lawrence

Yes, it's available in New York. It didn't used to be, but back in May, U.S. Bank opened their biz bonus to be nationwide. On the consumer side, U.S. Bank bonuses are still limited to 26 states.

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