U.S. Bank $800 Business Checking Bonus

Update 4/28/24: Terms now state:

This offer is only valid for new business checking customers, existing customers (businesses) with a business checking account or customers (businesses) who had an account in the last 12 months, do not qualify.

Previously it was 24 months. Hat tip to Mark E

Update 4/24/24: Extended to August 30, 2024

Update 2/1/24: Extended until  April 23, 2024.

Update 1/9/24: Extended until January 31, 2024

Update 1/7/24: extended to 1/31

Offer at a glance

• Maximum bonus amount: $800
• 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: 1/8/2024

The Offer

Direct link to offer

• U.S. Bank is offering a bonus of up to $800 when you open a new Silver, Gold or Platinum Business Checking account and complete the following requirements:
  • Use promo code Q1AFL24
  • Enroll In the U.S. Bank Mobile App or U.S. Bank Online Banking within 60 days of account opening.
  • Bonus:
    • Earn $350 when you deposit $5,000
    • Earn $800 when you deposit $25,000

The Fine Print

• Promo code Q3AFL23 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.
• Bonus Options
  • Earn your $350 Business Checking bonus by opening a new U.S. Bank Silver, Gold, Gold with Interest or Platinum Business Checking account between 9/05/2023 and 1/8/2024. You must make new deposit(s) of at least $5,000 in new money deposits within 30 days of account opening and thereafter maintain a balance of at least $5,000 until the 60th day after account opening. The new money cannot be from an account at U.S. Bank or its Affiliates. or
  • Earn your $800 Business Checking bonus by opening a U.S. Bank Silver, Gold, Gold with Interest or Platinum Business Checking account between 9/05/2023 and 1/8/2024. You must make new deposit(s) of at least $25,000 in new money deposits within 30 days of account opening and thereafter maintain a balance of at least $25,000 until the 60th day after account opening. The new money cannot be from an account at U.S. Bank or its Affiliates.
• The business checking bonus will be deposited into your new U.S. Bank Silver, Gold, or Platinum Business Checking account within 30 days following the last calendar day of the month you complete all the offer requirements, as long as the account is open and has a positive available 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 12 months.
• 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

Early Account Termination Fee

Our Verdict

Sadly not as good as the recent $750 bonus as that only required $15,000 in deposits, whereas this is $25,000 in deposits. You need to maintain the funds for 60 days so this is significant (really only need to maintain it for 31 days, just needs to be deposited by day 30 and maintained through day 61), especially considering high interest rates currently. Because of this we won’t add this to our list of the best bank account bonuses. It might be worth considering this bonus now as we haven’t seen that $750 bonus for more than a year and the churn period is now only 12 months.

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