Offer at a glance
- Maximum bonus amount: $450
- Availability: Nationwide (excludes NY & FL and any other state without a branch unless you have an existing relationship)
- Direct deposit required: Yes
- Additional requirements: None
- Hard/soft pull: Soft
- ChexSystems: Mixed data points
- Credit card funding: Can fund up to $250 with a credit card
- Monthly fees: $12, avoidable
- Early account termination fee: None
- Household limit: None
- Expiration date: June 30, 2026
The Offer
Direct link to offer
- U.S. Bank is offering state farm customers a $500 bonus when they open a new checking account and complete the following requirements:
- Use promo code SFAC26
- Enroll in the U.S Bank Mobile App or online banking.
- Complete at least two direct deposits totaling $5,000 or more
The Fine Print
- To be eligible, the Primary Signer on your new Bank Smartly Checking account cannot have an existing U.S. Bank consumer checking account, had a U.S. Bank consumer checking account in the last 12 months or received other U.S. Bank consumer checking bonus offers within the past 12 months A minimum of $25 is required to open a U.S. Bank Smartly Checking account.
- To earn the $500 bonus offer, you must open a new U.S. Bank Smartly® Checking account through an authorized State Farm Agent or directly through usbank.com/sfbonus.
- New checking account must be opened by June 30, 2026. Additionally, you must enroll in the U.S. Bank Mobile App or online banking within 90 days of opening your account.
- You must also complete two or more direct deposits within 90 days of opening your account that total: $5,000 or more and complete 2 or more debit card purchases tied to the account to earn the $500 bonus. A direct deposit is an electronic deposit of your paycheck or government benefits, such as Social Security, from your employer or the government.
- Other electronic deposits or person-to-person payments are not considered a direct deposit. Your checking bonus (“adjusted interest”) will be credited to your new checking account within 60 days of direct deposit verification, debit purchase verification, and verification of enrollment in online banking or the U.S. Bank Mobile App as long as your account is open and has a positive balance. Bonus will be reported as interest earned on IRS form 1099-INT and recipient is responsible for any applicable taxes.
- Current U.S. Bank employees are not eligible.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
U.S. Bank Smartly has a $12 monthly fee, this is waived if you do any of the following:
- Have at least $1,500 in monthly direct deposits.
- Hold a minimum average account balance of $1,500.
- Be an owner on an eligible small business checking account.
- Belong to an eligible customer group2 such as youth, young adult, senior or military.
- Qualify for Smart Rewards Gold Tier or above.
- Be an owner on a Bank Smartly™️ Visa Signature® Card or personal State Farm credit card for Alliance clients.
Early Account Termination Fee
There is no early account termination fee to worry about
Our Verdict
Same as the $450 checking bonus, but exclusively for state farm customers. It does verify that your a state farm customer during application flow so keep that in mind. Will add a note to the best bank account bonus page so state farm customers don’t miss this.
Hat tip to reader Bockrr
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
