(New Offer) Get Up to $400 When You Open a New US Bank Checking Account

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US Bank Checking Account bonus

US Bank $400 Checking Bonus

US Bank is offering up to a $400 bonus for new checking accounts. This bonus is available in all states where US Bank has a branch. The checking account can be opened in a branch, online or over the phone. Let’s check out more details. It is a reduction from the $500 offer that we have seen in the past.

Updated with new offer 5/9/22

The Offer

Complete these steps within 60 days of opening your new Platinum, Gold or Easy checking account in a branch, online or over the phone (Valid until June 13th):

  • Enroll in online banking or the U.S. Bank Mobile App.
  • Complete two or more direct deposits.
Your bonus amount is determined by the total amount of direct deposits:
  • Earn $200 when your direct deposits total $2,500 to $4,999.99
  • Earn $400 when your direct deposits total $5,000 or more.

NOTE: If you apply for your checking account on another page, you’ll need to enter this promo code manually: 2022MAY.

Promotion Page

The checking account bonus will be deposited into your new consumer checking account within 60 days of direct deposit verification, as long as your account is open and account balance is positive. Bonus will be reported as interest earned on IRS form 1099-INT and recipient is responsible for any applicable taxes.

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 US Bank consumer checking account, had a US Bank consumer checking account in the last two years, or received other US Bank bonus offers within the past two years.
  • 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.
  • Gold Checking has a $14.95 fee that is waived for US Bank credit cardholders.

Conclusion

This is not as good as the $500 bonus US Bank had last year but it is still one of the better offers out there. You can open the account online and it is available in most states. To get the bonus you can open an Easy Checking account that is easy to keep fee-free. Gold Checking is an even better option if you have a US Bank credit card.

Keep in mind that the fine print now states that you are not eligible for this offer if you have had an account, or received US Bank bonus offers within the past two years.

You do need two direct deposits that total $4,000 or more, but ACH transfers should work  from banks such as Wells Fargo, Capital One, Ally and some others. You must also enroll in in U.S. Bank online banking or the U.S. Bank mobile app.

DDGhttp://dannydealguru.com
Based in NYC. Points/miles enthusiast for years and actively writing about it for the last 6+ years at Danny the Deal Guru. I'm always looking out for deals. Making a few bucks is always nice, but the traveling is by far the best part of this business.

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9 COMMENTS

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

9 COMMENTS

  1. Does anyone have a link or an MtM podcast where people talk about the effects on credit scores or how to manage having extra accounts will effect a persons ability to get loans in the long term

  2. The email to this post indicates it has to be in a state with a US Bank Branch – where is that rule? No branches in MD, but is it a hard stop?

    • Found 6 fine print rules: A minimum deposit of $25 is required to open a U.S. Bank consumer checking account. Earn a $300 or $500 bonus by opening a new U.S. Bank consumer checking account, excluding Student Checking and Safe Debit Account, by January 24, 2022. The checking account can be opened in a branch, online or over the phone. Additionally, you must enroll in online banking or the U.S. Bank Mobile App within 60 days of opening your account. You must also complete two or more direct deposits within 60 days of opening your account that total: $2,500 to $4,999.99 to earn the $300 bonus or $5,000 or more 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. The checking bonus will be deposited into your new checking account within 60 days of direct deposit 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. 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 two years, or received other U.S. Bank bonus offers within the past two years.

      Limit one checking bonus per person. Current U.S. Bank employees are not eligible. Other restrictions may apply. All standard account terms, conditions and opening procedures apply. For a comprehensive list of account pricing, terms and policies, see the Your Deposit Account Agreement (PDF) and the Consumer Pricing Information (PDF) disclosure.
      Return to content, Footnote 1
      You must use the promotion code listed on this offer when you apply. If you navigate away from this page, the promotion code is not automatically included and you will need to manually input the code during your application.

      Return to content, Footnote 2
      Combined deposit balances include the average monthly collected balances for U.S. Bank personal checking, savings, money market and IRA accounts and CDs. Outstanding credit balances include balances on U.S. Bank personal lines of credit, home mortgages, home equity loans and lines of credit, personal and purpose loans and credit cards. Investment balances include the aggregate minimum daily balance of all investment types held through the statement period with U.S. Bancorp Investments.

      Return to content, Footnote 3
      Transactions at non-U.S. Bank ATMs may be assessed ATM transaction fees that are disclosed in the section titled, Miscellaneous Checking, Savings or Money Market Fees. Additionally, non-U.S. Bank ATM owners may apply a surcharge fee unless they participate in the MoneyPass® Network. To find MoneyPass ATM locations, select Show MoneyPass® ATM Network locations in the ATM locator.

      Return to content, Footnote 4
      Qualifying accounts include U.S. Bank personal lines of credit, home mortgages, home equity loans and lines of credit, personal and purpose loans and activated credit cards. U.S. Bank Reserve Line of Credit and student loans are excluded. Mortgage and credit products are subject to eligibility requirements and normal credit approval and may be subject to additional charges such as annual fees. Please refer to the credit agreement for full details.

      Return to content, Footnote 5
      The average account balance is calculated by adding the balance at the end of each calendar day in the statement period and dividing that sum by the total number of days within the statement period.

      Return to content, Footnote 6

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