U.S. Bank Business Checking $500 Bonus

U.S. Bank logo

U.S. Bank : Business Checking

up to $500

Offer Expires In

How To Earn The Bonus

  1. Open a new U.S. Bank Silver, Gold or Platinum Business Checking Account with the promo code Q3BUS22.
  2. Within 30 days, deposit $1,500 in new money.
  3. Within 60 days, complete 10 qualifying transactions (debit card purchases, merchant deposits, ACH credits, debit or credit wires, mobile check deposit or bill pay).
  4. Within the same 60 days, enroll in online banking or download and log in to their mobile app.
  5. Within the same 60 days, accept and settle a U.S. Bank Payment Solutions Merchant transaction into your new checking account to earn the additional $100 Payment Solutions bonus offer.
  6. Bonus(es) will be deposited into your new U.S. Bank business checking account within 45 days of meeting all requirements.

Available in Your Area?

Yes

Monthly Fees?

Varies

Open Online?

Yes

Credit Pull?

Unknown

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at U.S. Bank

U.S. Bank is offering up to a $500 welcome bonus when you open and fund a new business checking account. Plus, the funding requirement has dropped significantly since the last time this promo was offered.

This is a two-part bonus. The first $400 is for depositing $1,500 in your new checking account and then completing some qualifying transactions such as using your debit card, receiving ACH credits, using mobile check deposit, paying bills, and more.

To earn an additional $100, you'll also need to accept and settle a U.S. Bank Payment Solutions Merchant transaction into your new account. This extra bonus isn't for every business, so we appreciate that U.S. Bank kept this requirement separate from the $400 offer.

Keep in mind that this promotion is only available nationwide to customers who already have a relationship with U.S. Bank. If you don't, you'll need to live in any of the 26 states in which they operate.

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 $500 bonus.

Full requirements to receive this bonus are:

  1. Open a new U.S. Bank Silver, Gold or Platinum Business Checking Account with the promo code Q3BUS22.
  2. Within 30 days, deposit $1,500 in new money.
  3. Within 60 days, complete 10 qualifying transactions (debit card purchases, merchant deposits, ACH credits, debit or credit wires, mobile check deposit or bill pay).
  4. Within the same 60 days, enroll in online banking or download and log in to their mobile app.
  5. Within the same 60 days, accept and settle a U.S. Bank Payment Solutions Merchant transaction into your new checking account to earn the additional $100 Payment Solutions bonus offer.
  6. Bonus(es) will be deposited into your new U.S. Bank business checking account within 45 days of meeting all requirements.

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.
  • Promo code Q3BUS22 MUST be used when opening the business checking account.
  • To qualify for the Payment Solutions account bonus, you must have met the checking account bonus requirements.
  • The Payment Solutions bonus will be deposited into your new U.S. Bank business checking account within 45 days of settlement verification, as long as the checking account is open and has a positive balance

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
133 days
Requires
  • Min Balance
  • Card Spend (optional)

Axos

Business Interest Checking

Bonus
up to $200
Account Type
Business Checking
Expires In
86 days
Requires
  • Min Balance

PNC

Business Checking Account

Bonus
$200
Account Type
Business Checking
Expires In
86 days
Requires
  • Min Balance
  • Card Spend

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

U.S. Bank Locations

You may sometimes be required to visit a branch in-person to take advantage of a welcome offer. Or, you may just prefer the convenience of banking with institutions that have locations near you.

Fortunately, U.S. Bank has a total of 2257 branches in the United States.

Get a better idea of how well U.S. Bank can serve you by checking out their branches closest to your area:

1512 Ogden Avenue
Downers Grove, IL 60515

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1702 Eastland Drive
Bloomington, IL 61704

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1071 Grand Avenue
Saint Paul, MN 55105

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4000 West Broadway
Robbinsdale, MN 55422

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1000 Payne Avenue
Saint Paul, MN 55130

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9800 15th Avenue, S.W.
Seattle, WA 98106

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8780 Horton Highway
College Grove, TN 37046

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203 South 2nd Avenue
Rock Rapids, IA 51246

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4100 West 50th Street
Edina, MN 55424

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25 East Washington Street
Chicago, IL 60602

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12579 Main Street
Martin, KY 41649

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214 South Spring Street
Hermitage, MO 65668

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