U.S. Bank Promotions – up to $500 Checking & Saving Account Bonus

Editor's Note: As of December 15th, 2020, this offer is no longer available on WalletHacks.com. We will update this post whenever this offer returns – until then, our post on the best bank bonuses and promotions has other offers that might interest you or click here to sign up for our email newsletter and get notified of new bank promotions.

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!

First things first, who are they?

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 – $400

US Bank Logo

Their richest offer for a consumer checking account is currently $400.

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 Platinum, Gold or Easy checking account by 12/14/2020,
  • Complete two or more recurring direct deposits within 60 days of account opening,
  • Enroll in eStatements by December 18th, 2020.

The bonus amount is based on the total of the two recurring 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

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 12/14/2020)

You have to be in a state where they do business to be able to open an account. Those states include Arkansas, Arizona, California, Colorado, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Minnesota, Missouri, Montana, North Dakota, Nebraska, New Mexico, Nevada, Ohio, Oregon, South Dakota, Tennessee, Texas, Utah, Washington, Wisconsin, and Wyoming.

U.S. Savings Offer Bonus – up to $100

Once you've completed the checking bonus portion, you can get even more.

You can also get up to an additional $100 if you open a U.S. Bank Standard Savings account and deposit money by December 21, 2020:

  • Deposit $2,500 to $4,999.99 to earn $50;
  • $5,000 or more to earn $100

Then maintain a minimum total account balance of $2,500 or more to get $50; $5,000 or more to earn $100 through June 21, 2021.

It's that simple.

U.S. Bank Altitude Go Visa Signature Card – $250 Bonus

U.S. BANK ALTITUDE® GO VISA SIGNATURE® CARD

Would you like to get 25,000 bonus points (valued at $250) when you spend just $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 25,000 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).

There's no annual fee 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 $700 offer on the Citi Priority bank account. The $700 is quite rich but it requires that you open Citi Priority Account Package and deposit $50,000 in new to Citibank funds and maintain that balance of $50,000 for 60 consecutive calendar days – that's a tall order.

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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Jim Wang

About Jim Wang

Jim Wang is a thirty-something father of three 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 a farm in Illinois via AcreTrader.

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These 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.

  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.

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