US Bank, Get $500 When You Open New Checking & Savings Account
US Bank is offering a new bonus that can earn you as much as $500. This bonus is available nationwide and you can open the account online. It requires new checking and savings accounts in order to get the full amount. Let’s check the details.
The Offer
The offer comes in two parts:
- Earn up to a $400 bonus when you open a new checking account with eStatements by December 18, 2020.
- Receive recurring direct deposits at twice within 60 days of account opening. Bonus varies on total amount of direct deposits:
- $1,000-$1,999.99 to earn $100;
- $2,000-$4,999.99 to earn $200;
- $4,000 or more to earn $400 (could be a typo, maybe $5,000)
- Receive recurring direct deposits at twice within 60 days of account opening. Bonus varies on total amount of direct deposits:
- Earn up to a $100 bonus when you open a new savings account. Bonus varies on amount that you deposit by December 21 and maintain it through June 21, 2021:
- Make deposit(s) of $2,500 to $4,999.99 to earn $50
- Make deposit(s) of $5,000 to earn $100
Key Terms
- Bonus will be reported as interest earned on IRS form 1099-INT and recipient is responsible for any applicable taxes.
- Offer may not be combined with any other checking account bonus offers.
- Offer is not valid if you or any signer on the account has an existing U.S. Bank consumer checking account, had a U.S. Bank consumer checking account in the last six months, or received other U.S. Bank bonus offers within the past 12 months (limit 1 bonus per customer).
- Offer is not applicable to accounts opened at a branch or through 24 Hour Banking. Current U.S. Bank employees are not eligible.
- Easy Checking is the best option. It has a $6.95 monthly fee that is waived:
- Combined monthly direct deposits totaling $1000+
- Average account balance of $1,500.
- Account holder(s) age 65 or greater.
- Savings account has no fees.
Conclusion
A great bonus that is now even better than in the past. You can open the accounts online and it is available nationwide. To get the bonus you can open an Easy Checking account that is easy to keep fee-free. You do need two direct deposits that total $4,000 or more (maybe $5,000) to get the maximum bonus. But ACH transfers should work in most cases from banks such as Chase, Capital One, Discover, Ally and others.
HT: Doctor of Credit
Chase Sapphire Preferred® Card
Chase Sapphire Preferred® Card is the old king of travel rewards cards. Right now
bonus_miles_full
Learn more about this card and its features!
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
But you need to be over 65??
That’s just one of the options to keep the checking account fee-free. The other option is a balance of $1,500.