I love a good bank promotion and U.S. Bank just released a sizzling hot one for you guys.
I first heard about U.S. Bank from a business partner (they don’t have a location in Maryland). They had a good relationship with their business
banker so when we started a new venture, we got just added a new U.S. Bank business account.
It was pretty streamlined and while we didn’t get a bonus, I did learn later that U.S. Bank has some pretty solid new account bonuses!
Citi Priority Account – $300, $700, or $1,500
Citi is offering $300, $700, or $1,500 when you open a Citi Priority Account by 10/4/2021.
Then, within 30 days of opening your account, deposit New-to-Citi funds and keep it there for 60 days. The bonus is based on the amount you transfer, starting at $15,000.
This is a limited time offer so don’t wait!
Table of Contents
U.S. Bank National Association is FDIC insured (FDIC# 6548) with three thousand locations in 27 states. Their bank charter class is National Bank. As a bank, they’ve been in business since the 1800s!
Consumer Checking Account Offer – $300
Their richest offer for a consumer checking account is currently $300.
It’s a simple bonus to get as long as you are in their geographic footprint. If you aren’t, you won’t get approved for an account.
The checking requirements are that you:
- Open a new U.S. Bank Gold, Platinum or Easy Checking account by 7/30/2021,
- Complete two or more recurring direct deposits totaling $4,000 or more and enrolling in e-statements within 60 days of account opening.
Several checking accounts work for this offer including the Platinum Checking Package, Gold Checking Package, or Easy Checking Package.
The Platinum Checking Package is their highest tier checking account that pays a little bit of interest. There are no ATM transaction fees for non-U.S. Bank ATMs and you also get no-fee overdraft protection transfers. There is a $24.95 monthly maintenance fee that is waived if you have $25,000+ in combined personal deposits, credit balances with U.S. Bank (or investments with U.S. Bancorp Investments) or you have a personal trust relationship with U.S. Bank Wealth Management.
The Gold Checking Package doesn’t pay interest but you get you won’t get charged ATM fees on the first two non-U.S. Bank ATM transactions. You also get reduced overdraft protection fees. There is a $14.95 monthly maintenance fee unless you have an open U.S. Bank personal loan, line, mortgage or credit card.
Finally, Easy Checking is the most basic of the checking accounts and has a $6.95 monthly maintenance fee unless you have combined monthly direct deposits totaling $1,000+ or you maintain an average balance of $1,500+ or you are an account holder who is 65 or older. You want to make sure you’re enrolled in eStatements to avoid a $2 fee on paper statements (this is waived if you are aged 65+).
Since every checking account package qualifies for the bonus, it seems to make the most sense to go with the Easy Checking package!
Learn more about this offer
(Offer expires 7/30/2021)
You have to be in a state where they do business to be able to open an account. Those states include .
U.S. Bank Altitude Connect Visa Signature – Card – 50,000 bonus points (worth $500)
If you open a U.S. Bank Altitude Connect Visa Signature Card, you can get 50,000 bonus points (worth $500) when you spend $3,000 in the first 120 days. The points are redeemable for merchandise, gift cards, cash back, travel, and more. What makes it even more impressive is that the points never expire.
The card also offers:
- 4X points on takeout, food delivery and dining,
- 2X points at grocery stores, grocery delivery, streaming services and gas stations,
- 1 point per $1 on all other eligible purchases.
- $30 credit for annual streaming service purchases (Netflix, Spotify, etc.)
- $100 TSA PreCheck / Global Entry credit once every four years
$0 annual for the first year, then $95 per year after that.
Learn more about this card and others
U.S. Bank Altitude Go Visa Signature Card – 20,000 bonus points (worth $200)
Would you like to get 20,000 bonus points (worth $200) when you spend $1,000 in the first 90 days
The U.S. Bank Altitude Go Visa Signature Card will give you just that plus:
- 4X points on takeout, food delivery and dining,
- 2x points at grocery stores, grocery delivery, streaming services and gas stations,
- 1 point per $1 on all other eligible purchases.
The 20,000 points can be converted to cash as either a statement credit on the card or a deposit to your U.S. Bank savings or checking account (you don’t need one to get the credit card or the rewards).
The annual fee is a $0 plus they give you a streaming bonus of $15 in credit for services like Amazon Music, Pandora, YouTubeTV, Netflix, Spotify, and more.
Learn more about this card and others
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.
We also have Citibank and its $300, $700, or $1,500 offer on the Citi Priority bank account. The highest tier is quite rich but the lowest is modest – it requires that you open Citi Priority Account and deposit $15,000 in new to Citibank funds and maintain that balance of $15,000 for 60 consecutive calendar days.
This content reflects the author’s opinion, analysis and/or assessment and is that of the author’s only. This content has not been provided or reviewed by Citi.
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.
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?
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.”
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.
Thank you DK! This is important to know – I appreciate you warning us.
Jean Johnson says
Are there any kind of bank bonus’s out there that don’t require direct deposit?
There are very few and many of them replace the DD with a massive dollar amount as a deposit requirement. For example, Citibank has an offer that will give you $700 but requires you to bring $50,000 in cash to your account.
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.
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!