U.S. Bank Bonus Offers: Up to $800 for Opening New Accounts

Most products on this page are from partners who may compensate us. This may influence which products we write about and where and how they appear on the page. However, opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain.

Those who are looking for a new bank, but also want a little something extra for switching, may find a friend in U.S. Bank (Member FDIC). New customers who complete qualifying transactions have two offers to choose from: a consumer account offer worth up to $700 and a business checking offer worth up to $800.

Here’s what you need to know about each of these limited-time offers.

$700 U.S. Bank Offer

You can earn up to $700 when you open a new U.S. Bank Smartly® Checking account and a Standard Savings account (Member FDIC), then complete the required activities. But you’ll need to act quickly—this offer is only available for a limited time, through June 27, 2024.

U.S. Bank Smartly® Checking Account (Member FDIC)

Open Account

Member FDIC

• Our Rating 4/5 How our ratings work Read the review
• Minimum
  Deposit Required$25
• Intro Bonus Up to $700Expires June 27, 2024 More Info

  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 June 27, 2024. Member FDIC. 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.

If you're interested in opening a checking account with U.S. Bank, the Smartly® Checking Account is likely the one you'll be most interested in. This account includes a wealth of standard banking features, such as mobile check deposits and automated bill pay. While the Smartly Checking Account features a $6.95 monthly fee, it's relatively easy to waive, and you only need $25 to open an account.

Recommended Bank Bonuses

Bank Account	Intro Bonus	Minimum Deposit	Learn More
U.S. Bank Smartly® Checking Account (Member FDIC) Open Account	Up to $700Expires June 27, 2024 More Info 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 June 27, 2024. Member FDIC. 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.	$25	Open Account
SoFi Checking and Savings Open Account	$50-$300Expires June 30, 2024 More Info New customers can earn a $300 bonus for opening a new SoFi Checking and Savings account and receiving a total of $5,000+ in qualifying direct deposits within the specified evaluation period; receive $1,000 - $4,999 in qualifying direct deposits to earn a $50 bonus.	N/A	Open Account
Chase Total Checking® Account Open Account	$300Expires July 24, 2024 More Info New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities	N/A	Open Account
Chase Business Complete Checking® Open Account	$300Expires July 22, 2024 More Info Earn $300 when you open a new Chase Business Complete Checking® account. For new Chase business checking customers with qualifying activities.	N/A	Open Account

How to Earn the $700 Consumer Offer

The current U.S. Bank offer requires customers to open a U.S. Bank Smartly® Checking account and a Standard Savings account to earn $700.

Here’s how to earn $700:

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 June 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.

$800 U.S. Bank Business Checking Offer

Through April 23, 2024, new U.S. Bank Business Checking customers can earn between $350-$800. The amount you earn depends on how much money you're able to deposit into the account. It's also worth noting that this offer is available for several of U.S. Bank's Business Checking packages, which means companies large and small can cash in on this offer.

How to Earn the Full $800 Business Checking Offer

If you're interested in earning a $800 offer, you'll need to open an eligible U.S. Bank Business Checking account and complete several qualifying actions.

Here’s how to earn U.S. Bank's Business Checking offer:

1. Open a new U.S. Bank Silver, Gold or Platinum Business Checking account using promo code Q1AFL24. The bank requires a $100 minimum opening deposit for all these accounts.
2. Enroll in online banking or the U.S. Bank mobile app. This enrollment is in addition to account opening, and it must be completed within 90 days of opening your account.
3. Deposit at least $5,000 in new money within 30 days from account opening to earn a $350 offer; deposit at least $25,000 in new money within 30 days to earn a $800 offer. In both cases, you'll need to maintain the required balance for until the 60th day from account opening to earn the offer.

Qualifying U.S. Bank Business Checking Accounts

Account	Minimum deposit required	Monthly maintenance fee	Learn More
U.S. Bank Silver Business Checking Account Open Account	$100	$0	Open Account
U.S. Bank Gold Business Checking Account Open Account	$100	$20 with options to waive More Info You can waive this account's monthly maintenance fee with one of the following: have a U.S. Bank Payment Solutions Merchant Account, $10,000 average collected checking balance or $25,000 average collected checking balance on interest-bearing option, $20,000 in combined average collected deposit balances or $50,000 in combined average collected balance on interest-bearing option or $50,000 combined average collected business deposits and outstanding business credit balances.	Open Account
U.S. Bank Platinum Business Checking Account Open Account	$100	$30 with option to waive More Info You can waive this account's monthly maintenance fee with one of the following: $25,000 average collected checking balance or $75,000 combined average collected business deposits and outstanding business credit balances.	Open Account

U.S. Bank Account Fees

If you’re interested in this promotion, you may need to open at least one account that carries a monthly fee. The following U.S. Bank accounts fall into this category:

• U.S. Bank Smartly® Checking
• U.S. Bank Gold Business Checking
• U.S. Bank Platinum Business Checking

Luckily, there are ways to waive the fee for all these accounts, but it’s a good idea to make sure you qualify for the fee waivers before attempting to earn the offer. Even though these are strong offers, you could end up paying around $30-$60 in fees in the process of earning them, which makes them less valuable overall.

How to Waive the Monthly Fees for These Accounts

The U.S. Bank Smartly® Checking account monthly fee is $6.95. To get this waived, you need to do one of the following:

• Have combined monthly direct deposits totaling $1,000 or more
• Keep a minimum average account balance of $1,500 or more
• Hold an eligible U.S. Bank credit card
• Qualify for one of the four Smart Rewards™ tiers (Primary, Plus, Premium or Pinnacle)
• Be a member of the military (requires self disclosure)
• Be 24 or younger or 65 and older

Be sure to read through the terms and conditions for this account to make sure it’s right for your financial situation. 

This account comes with the bank’s standard features, which include options for online and mobile banking, as well as a U.S. Bank Visa® Debit Card.

The U.S. Bank Gold Business Checking account includes a monthly fee of $20. To get this fee waived, complete one of the following actions:

• Have a U.S. Bank Payment Solutions Merchant Account
• $10,000 average collected checking balance or $25,000 average collected checking balance on interest-bearing option
• $20,000 in combined average collected deposit balances or $50,000 in combined average collected balance on interest-bearing option
• $50,000 combined average collected business deposits and outstanding business credit balances

The U.S. Bank Platinum Business Checking Account has a $30 monthly service fee, the largest of the bunch. To waive this fee, meet one of the following criteria:

• $25,000 average collected checking balance
• $75,000 combined average collected business deposits and outstanding business credit balances

Are These Offers Right for You?

It’s rarely a good idea to open a bank account just to earn some extra cash. Still, if you’re looking for a new bank to do business with, then U.S. Bank may be right for you.

Not only does it offer a wide range of financial products beyond checking accounts, but the bank also has physical branches, 24/7 phone support and an online and mobile banking platform. Yet big banks are often known for charging lots of expensive fees, and U.S. Bank is no exception. You’ll find free checking accounts in the marketplace without monthly maintenance fees—some of which earn interest and also offer cash bonuses. So, compare products with multiple banks before deciding what’s best for your personal finances.