U.S. Bank Personal Checking Account $400 Bonus

U.S. Bank : Personal Checking Account

Bonus Amount
up to $400
Account Type
Personal Checking
Available In Your Area?
Yes
Offer Expires In
Bonus Requirements
  1. Open a new U.S. Bank personal checking account using the promo code 2021Q4C.
  2. Within 60 days, be enrolled in online banking or the U.S. Bank mobile app.
  3. Within the same 60 days, complete recurring direct deposits of 2 or more that total $2,500 to earn $200 or $5,000 to earn $400.
  4. Bonus will be deposited into your new account within 60 days of meeting requirements.
Other Details
Hard Credit Pull?
Monthly Fees?
Varies By Account
Open Online?
Save for later
Share with a friend

U.S. Bank is back with their tiered bonus up to $400 for opening a new checking account and making recurring direct deposits (at least 2). The reward depends on how much your direct deposits total: $2,500 to earn $200, or $5,000+ to earn the full $400.

With each iteration of this offer, U.S. Bank seems to raise the bar slightly. In Q3, there was a $100 tier for having direct deposits that totaled $1,000. In Q2, this promo only required $4,000 to earn the full $400, whereas U.S. Bank is now requiring $5,000.

Still, this is a national bonus that is relatively easy to hit, so we definitely recommend taking advantage if you qualify.

How To Earn The Bonus

The U.S. Bank Personal Checking Account promotion requires you to set up direct deposits in order to earn the $400 bonus. Full requirements to receive this bonus are:

  1. Open a new U.S. Bank personal checking account using the promo code 2021Q4C.
  2. Within 60 days, be enrolled in online banking or the U.S. Bank mobile app.
  3. Within the same 60 days, complete recurring direct deposits of 2 or more that total $2,500 to earn $200 or $5,000 to earn $400.
  4. Bonus will be deposited into your new account within 60 days of meeting requirements.

The fine print

  • Offer excludes Student Checking and Safe Debit Accounts.
  • A minimum deposit of $25 is required to open a U.S. Bank checking account.
  • Must use promo code when applying to be eligible for bonus.
  • Offer is not valid if you or any signer on the account have an existing U.S. Bank consumer checking account or had one in the last 24 months.
  • Those who have received other U.S. Bank checking bonus offers within the past 24 months are also not eligible for this bonus.
  • Account must be open and in good standing to earn the reward.

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.

Platinum Checking Package

The Platinum Checking Package is U.S. Bank's premium checking account. The account is interest-bearing (we say loosely, given the low rates), waives all ATM transaction fees, overdraft protection transfer fees, paper statement fees, and gives you an initial box of checks for free, with a 50% discount on re-orders or personalized designs.

You're also eligible for some perks on their other products, including a reduction in closing costs, no annual fee for HELOCs, 100 free trades each year, and a 50% savings on the cost of a safe deposit box.

Fees

Platinum Checking Package does charge a monthly fee of $24.95, but there are ways to get this waived:

  • Have $25,000 in combined personal deposits or credit balances with U.S. Bank and/or investments through U.S. Bankcorp Investments.
  • OR, have a personal trust relationship with U.S. Bank Wealth Management.

Gold Checking Package

U.S. Bank's Gold Checking Package offers the standard checking account features like mobile and online banking, bill pay, a debit card, no fees for overdraft transfers made from a linked account, and up to 2 free non-U.S. Bank ATM transactions each month.

In addition, the Gold Checking Package offers some extra perks to credit card or loan customers, including a reduction in closing costs and 100 free trades each year in a self-directed brokerage through U.S. Bancorp Investments.

Fees

Gold Checking Package does charge a monthly fee of $14.95, but there are ways to get this waived:

  • Open a U.S. Bank personal loan, line, mortgage or credit card.

Easy Checking

The Easy Checking account is U.S. Bank's basic checking account and includes the typical features – including mobile and online banking and a Visa® debit card.

Fees

Easy Checking does charge a monthly fee of $6.95, but there are ways to get this waived:

  • Have combined monthly direct deposits totaling $1,000 or more.
  • OR, maintain an average account balance of $1,500.
  • OR, be age 65 or older.