Update 4/24/23; Extended until June 30, 2023. There is a $750 bonus that we will post about shortly.
Offer at a glance
- Maximum bonus amount: $500
- 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: March 31, 2023
The Offer
- U.S. Bank is offering a bonus of $500 when you open a new Silver, Gold or Platinum Business Checking account and complete the following requirements:
- Use promo code Q1AFL23
- Deposit $3,000 within 30 days of account opening and maintain that for at least 60 days
- Enroll In the U.S. Bank Mobile App or U.S. Bank Online Banking within 60 days of account opening.
The Fine Print
- New Customers: Promo code Q1BUS23 MUST be used when opening the business checking account.
- Limit of one business checking bonus per business.
- A $100 minimum deposit is required to open a U.S. Bank Silver, Gold, Gold with Interest or Platinum Business Checking account.
- Earn your $500 business checking bonus by opening a new U.S. Bank Silver Business Checking, Gold Business Checking, Gold Business Checking with Interest or Platinum Business Checking account between 1/31/2023 and 3/31/2023.
- You must make new money deposit(s) of at least $3,000 (Direct, Mobile Check Deposit, ACH or Wires) and then maintain a balance of at least $3,000 through 60 days after account opening.
- The new money deposit cannot be funds held by U.S. Bank or its affiliates.
- An individual signer on the new checking account must be enrolled in U.S. Bank online banking or the U.S. Bank Mobile App using their business profile within 60 days of account opening.
- The business checking 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.
- Offer may not be combined with any other business checking account bonus offers.
- 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.
- For a comprehensive list of checking account pricing, terms and policies, reference your Business Pricing Information document. This document can be obtained by contacting a U.S. Bank branch or calling 800-872-2657.
- 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.
Early Account Termination Fee
There is no early account termination fee to worry about
Our Verdict
There is a similar offer for $400 which is available through 12/31/23. This new offer for $500 is around through March 31st and has slightly easier qualifications. You can also get a separate Payment Solutions $600 bonus which we’ve posted about separately.
This is the best business checking offer we’ve seen from U.S. Bank and has fairly easy qualifications. We’ll add this to our list of the best bank account bonuses.
Hat tip to reader jkhuangg
Useful posts regarding bank bonuses:
Post history:
- Update 4/17/23: Deal is back through 4/23. Hat tip to gargantuo