Offer at a glance
- Maximum bonus amount: $900
- Availability: Nationwide (excludes NY & FL and any other state without a branch unless you have an existing relationship)
- Direct deposit required: None
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Mixed data points
- Credit card funding: Can fund up to $3,000 with a credit card
- Monthly fees: None with paperless statements
- Early account termination fee: None
- Household limit: None
- Expiration date: January 15, 2025
The Offer
- U.S. Bank is offering a bonus of up to $900 when you open a new business checking account when you use promo code Q4AFL24.
- Earn $900 when you open a Platinum Business Checking Account package
- Deposit at least $30,000 in new money within 30 days of account opening
- Maintain at least that balance for 60 days after opening the account
- Earn $400 when you open a Silver Business Checking Account package
- Deposit at least $5,000 in new money within 30 days of account opening (Silver or Business Essentials)
- Maintain at least that balance for 60 days after opening the account
- Earn $900 when you open a Platinum Business Checking Account package
The Fine Print
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
- Silver account has no monthly fees to worry about as long as you opt in for paperless statements.
- Platinum account has a $30 monthly fee, this is waived if you
- An active U.S. Bank Payment Solutions Merchant Account or
- $25,000 average collected checking balance $75,000 combined average collected business deposits and outstanding business credit balances
Early Account Termination Fee
There is no early account termination fee to worry about
Our Verdict
Previously there was a $800 business checking bonus with the same requirements as the current $900 bonus but it only required a silver account which is much easier to keep fee free. Because of that I think the old $800 bonus is actually better. That being said the new $400 bonus is the exact same requirements as the old $300 bonus with the same account needing to be opened so that is an improvement and worth doing. Given the churn period is now only 12 months I do think the $400 bonus is worth doing and we will add it to our best business bank bonus page.
Hat tip to reader Jack
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