$500 Bonus for New US Bank Business Checking Account
US Bank has a new bonus of $500 bonus for business checking accounts. The requirements are relatively easy and no direct deposit is required. Plus the account has no monthly fees. Let’s look at the details.
The Offer
Earn $400 with this limited time offer. Here’s how:
- Open a new U.S. Bank Silver, Gold, Gold with Interest or Platinum Business Checking account with the promo code Q1AFL23.
- 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.
- Enroll in the U.S. Bank Mobile App or U.S. Bank Online Banking 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.
Key Terms
- Offer is available in states with US Bank branches.
- Bonus will be reported as interest earned on IRS Form 1099-INT and recipient is responsible for any applicable taxes.
- Offer is not valid if you or any signer on the new accounts have an existing US Bank business checking account, had a US Bank business checking account in the last 12 months, or if you have an existing US Bank Payment Solutions relationship.
- US Bank Silver Business Checking has no monthly fees.
- Offer valid through 4/23/23.
Conclusion
This is an easy bonus for a bank account, and even better than previous offers of $300 and $400. There are less requirements as well.
The Silver Business Checking account is the best option as it has no monthly fees. Once you open the account, deposit $3,000 and maintain that balance for 60 days. You also need to enroll in online banking or in the US Bank app.
One thing that is not clear is by what date you should deposit the money. In previous bonuses you had to do so within 30 days, and then keep that balance for 60 days. Now it just says deposit at least $3,000 and maintain it through 60 days after account opening. I would deposit at account opening or soon after to be safe.
The bonus should be available for most readers, but you must be in a state that has US Bank branches. If you’re not, you could still be able to open the account if you have an existing relationship.
HT: Doctor of Credit
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Headline says $500. Article shows $400.
PLease clarify.
US Bank has offered various bonuses in the past to attract new business checking account customers. These bonuses can range from cash rewards to other incentives such as free business checks or waived monthly maintenance fees. However, the availability and terms of these bonuses can vary depending on the specific offer and location.
*** Offer is available in states with US Bank branches. ***
*** Offer is available in states with US Bank branches. ***
*** Offer is available in states with US Bank branches. ***
*** Offer is available in states with US Bank branches. ***
*** Offer is available in states with US Bank branches. ***
Note: US Bank is NOT in every state – even though they have the name US Bank – should be called 56% of the US Bank as they are ONLY in 28 states.
*** Offer is available in states with US Bank branches. ***
*** Offer is available in states with US Bank branches. ***
*** Offer is available in states with US Bank branches. ***
*** Offer is available in states with US Bank branches. ***
As I noted at the end of the article, you can still open the account even if you have no branch in your state. But you need a previous banking relationship. I opened the account in NY (I have the U.S. Bank Triple Cash Rewards Business Card).