U.S. Bank Promotions – up to $700 Checking, $800 Business Checking

U.S. Bank periodically offers big new account bonus promotions and this one is no exception – they just released a sizzling hot one with relatively simple requirements.

U.S. Bank National Association is FDIC insured (FDIC# 6548) with over 2,200 locations in 27 states. Their bank charter class is National Bank. As a bank, they’ve been in business since the 1800s! That’s pretty impressive.

This offer is nationwide with a high cash bonus but it does require a direct deposit.

Not only is the bank account bonus good but they also have a great credit card bonus too!

Table of Contents
  1. 1. U.S. Bank Smartly® Checking and Standard Savings – up to $700
    1. Previous Consumer Checking Promotion Codes
  2. 2. U.S. Bank Business Checking – up to $800
  3. How Does This Offer Compare?

U.S. Bank Smartly® Checking and Standard Savings – up to $700

1. U.S. Bank Smartly® Checking and Standard Savings – up to $700

U.S. Bank has a promotion on their U.S. Bank Smartly® Checking account and a Standard Savings account – it’s a great offer for new accounts and the requirements are straightforward.

Earn up to $700 when you open a new U.S. Bank Smartly® Checking account and a Standard Savings account and complete qualifying activities, subject to certain terms and limitations. Offer valid through 6/27/2024. Member FDIC.

Earn up to $500 with a new Bank Smartly Checking account.

Complete the following within 90 days of account opening:
  • Enroll in online banking or the U.S. Bank Mobile App
  • Make two or more direct deposit(s) totaling $3,000 to $4,999.99 to earn $100, $5,000 to $9,999.99 to earn $300 or $10,000 or more to earn $500
Earn up to $200 with a new Standard Savings account.
  • Make new money deposit(s) totaling $15,000 or more by July 17, 2024
  • Maintain that balance until October 31, 2024

Offer may not be available if you live outside of the U.S. Bank footprint or are not an existing client of U.S. Bank or State Farm.

👉Learn more about this offer

(Offer expires 6/27/2024)

How to get the monthly fee waived

The account has a $6.95 Monthly Maintenance Fee that you can get waived with one of the following:

  • Are 24 and under, 65 and over or a member of the military (must self-disclose), OR
  • Have combined monthly direct deposits totaling $1,000+, OR
  • Keep average account balance of $1,500+, OR
  • Hold an eligible U.S. Bank credit card, OR
  • Qualify for one of the four U.S. Smart Rewards™ tiers (Primary, Plus, Premium or Pinnacle)

Previous Consumer Checking Promotion Codes

If you’re looking for the U.S. Bank promo codes for previous dates on this offer, we have this list below based on the end date of the promotion:

  • For period ending Feb. 21, 2022 – the promotion code was 22WEB01
  • For period ending Mar. 28, 2022 – the promotion code was 2022FEB
  • For period ending Apr. 25, 2022 – the promotion code was 22WEB04
  • For period ending June 13, 2022 – the promotion code was 2022MAY
  • For period ending August 8, 2022 – the promotion code was 2022JUL
  • For period ending September 2, 2022 – the promotion code was 2022JUL (they only updated the expiration date)
  • For period ending November 21, 2022 – the promotion code was 2022OCT
  • For period ending December 19, 2022 – the promotion code was 22WEB11
  • For period ending February 7, 2023 – the promotion code was 2023JAN
  • For period ending April 11, 2023 – the promotion code was 2023MAR
  • For period ending May 2, 2023 – the promotion code was 23WEB04
  • For the period ending October 31, 2023 – the promotion code was 2023SEP 
  • For the period ending March 12, 2024 – the promotion code was 2024JAN

2. U.S. Bank Business Checking – up to $800

If you run a business where you need to accept payments, U.S. Bank has a up to $800 bonus offer when you open a Silver, Gold, or Platinum Business Checking Account with the U.S. Bank promo code Q1AFL24 and:

  • To get $350, Make a deposit of at least $5,000 in new money within 30 days of account opening and maintain the balance until the 60th day after account opening.
  • To get $800, Make a deposit of at least $25,000 in new money within 30 days of account opening and maintain the balance until the 60th day after account opening.

Available in the United States.

Member FDIC.

👉 Learn more about this offer

(Offer expires 4/23/2024)

How Does This Offer Compare?

This is a pretty solid offer if you’re looking for a basic checking account. The direct deposit requirements are a little high at $2,000 in total but the $300 bonus is on par with some of the ones you’ll see on our list of bank bonuses.

If you have your heart set on U.S. Bank, this is a good offer.

Otherwise, if you’re still shopping around, here are some other competitive offers:

Barclays – $200

Barclays Bank will give you a $200 if you open a new savings account and deposit $25,000 or more within 30 days and maintain at least $25,000 for the next 120 days. The savings account also pays a competitive interest rate of 4.35% APY while you wait.

👉 Click here to learn more


BMO Relationship Checking – $400

BMO Bank is offering a $400 bonus* when you open a BMO Relationship Checking and when you have at least $7,500 in qualifying direct deposits within the first 90 days. It is a very straightforward offer that is available nationwide.

*Conditions apply

👉 Click here to learn more


Bank of America – $200 Bonus Offer

Bank of America offers a $200 Bonus Offer cash bonus if you open a new account and Set up and receive qualifying direct deposits totaling $2,000 or more into that account within 90 days of account opening. It has a monthly fee that is easy to have waived.

👉 Click here to learn more


Chase Total Checking® – $300

Chase Bank will give you $300 when you open a Total Checking account and set up and receive direct deposits totaling $500 or more within 90 days. There is a $12 monthly fee that is waivable with a monthly direct deposit of just $500, so no gotchas on this deal!

👉 Click here to learn more


HSBC Premier Checking – up to $4,000

HSBC has an offer where you can get up to $4,000 for eligible new customers who open an HSBC Premier checking account, make a sizable deposit, and make recurring monthly qualifying direct deposits of at least $5,000 for 3 consecutive months.

👉 Click here to learn more

The U.S. Bank promotion is comparable but it’s not the absolute best out there. I think that you may find a better offer if you dig a little bit more.

Finally, before you go, make sure you review our guide on bank account bonuses so you know what to watch out for whenever you try to take advantage of one of these offers.

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About Jim Wang

Jim Wang is a forty-something father of four who is a frequent contributor to Forbes and Vanguard's Blog. He has also been fortunate to have appeared in the New York Times, Baltimore Sun, Entrepreneur, and Marketplace Money.

Jim has a B.S. in Computer Science and Economics from Carnegie Mellon University, an M.S. in Information Technology - Software Engineering from Carnegie Mellon University, as well as a Masters in Business Administration from Johns Hopkins University. His approach to personal finance is that of an engineer, breaking down complex subjects into bite-sized easily understood concepts that you can use in your daily life.

One of his favorite tools (here's my treasure chest of tools,, everything I use) is Personal Capital, which enables him to manage his finances in just 15-minutes each month. They also offer financial planning, such as a Retirement Planning Tool that can tell you if you're on track to retire when you want. It's free.

He is also diversifying his investment portfolio by adding a little bit of real estate. But not rental homes, because he doesn't want a second job, it's diversified small investments in a few commercial properties and farms in Illinois, Louisiana, and California through AcreTrader.

Recently, he's invested in a few pieces of art on Masterworks too.

>> Read more articles by Jim

Opinions expressed here are the author's alone, not those of any bank or financial institution. This content has not been reviewed, approved or otherwise endorsed by any of these entities.

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Comments

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  1. mat kim says

    I used the link on this page to apply for the easy checking. I used an ACH deposit from my personal account. US Bank said they will not acknowledge any ACH that is not from a government agency or employer. I understand direct deposit can mean a lot things including various ACH deposits [depending on the bank]. Honestly, I would continue to use their services if they gave me a reason. Unfortunately they are doing the opposite and I will stay clear of them especially since they are the most ethical bank, right?

    • Jim Wang says

      These types of promotions generally require a direct deposit from an employer or government entity (benefits) – it’s almost universal in that way because it’s seen as a way to make the account “stickier.”

  2. DK Jackson says

    If your direct deposit is Social Security, you cannot meet the 60-day criteria. It takes two payment cycles for Social Security to process a change in direct deposit. US Bank will not take this information into consideration and will not provide the incentive.

  3. H. Stone says

    The US Bank announcement is misleading: Doesn’t mention that you must complete recurring direct deposits that total $4,000 or more and be enrolled in e-statements within 60 days of account opening.

    • Jim Wang says

      Yes you are correct, I’ve updated the post to reflect the clearer language. The $4,000 figure is in their terms and conditions and not higher up on the page, which can be misleading. Thank you!

  4. Monique Bourgeois says

    There are other sites that share similar information but Wallethacks is the best – most organized, most reliably up-to-date, highest number of offers and links that really work (highest success rate), and most helpful explanations and insights. You can learn a lot and earn a lot – even if you don’t have much to start with.

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