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Two Strong Bonuses to Consider

  • Earn up to $400 for opening a new U.S. Bank Smartly® Checking account with qualifying activities.
  • Earn up to $750 for opening an eligible U.S. Bank Business Checking account with qualifying activities.

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). This financial institution is currently offering new customers who complete qualifying transactions two bonuses to choose from: a checking and savings bonus worth up to $400 and a business checking bonus worth up to $750.

Standout Products

U.S. Bank Smartly® Checking Account

Open Account

at U.S. Bank

  • Our Rating 4/5 How our ratings work
  • Minimum
    Deposit Required
    $25
  • Intro Bonus Up to $400Expires June 20, 2023 More Info

    New U.S. Bank Smartly Checking customers can earn a bonus worth $300 when they open an account, receive two or more direct deposits totaling at least $5,000, complete 10 or more debit card purchases totaling $100 or more, and enroll in online banking or the U.S. Bank mobile app (all within the first 90 days from account opening). Then, earn an additional $100 bonus by opening a Standard Savings Account, completing deposits of $15,000 or more by July 13, 2023 and maintaining a total account balance of at least $15,000 until October 13, 2023. Member FDIC.

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.

U.S. Bank Silver Business Checking Account

Open Account

at U.S. Bank

  • Our Rating 4.5/5 How our ratings work
  • APYN/A
  • Minimum
    Deposit Required
    $100
  • Intro Bonus Up to $750Expires June 30, 2023 More Info

    Earn a bonus worth up to $750 bonus when you open a new business checking account using promo code Q2AFL23. Deposit at least $5,000 in new money within 30 days of account opening and maintain the balance until the 60th day from account opening to earn a $500 bonus; deposit at least $15,000 in new money within 30 days of account opening and maintain the balance until the 60th day from account opening to earn a $750 bonus. Additionally, you must enroll in business online banking within the first 60 days from account opening to qualify for the bonus. Member FDIC.

If you're in the market for a basic business checking account, you'd do well to consider U.S. Bank's Silver Business Checking. This account carries no monthly maintenance fee, and features an alluring $500 sign-up bonus for new customers who complete qualifying transactions. While the free cash deposit limit is relatively low, it should be enough to accomodate businesses that don't generate many monthly banking transactions.

Here's what you need to know about each of these limited-time offers:

$750 U.S. Bank Bonus

Through June 30, 2023, new U.S. Bank Business Checking customers can earn a bonus worth $500-$750. The amount you earn depends on how much money you're able to deposit into the account. It's also worth noting that this bonus 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 $750 Business Checking Bonus

If you're interested in earning a $750 bonus, 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 bonus:

  1. Open a new U.S. Bank Silver, Gold or Platinum Business Checking account in-branch, online or by phone. 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 60 days of opening your account.
  3. Deposit at least $5,000 in new money within 30 days from account opening to earn a $500 bonus; deposit at least $15,000 in new money within 30 days to earn a $750 bonus. In both cases, you'll need to maintain the required balance for until the 60th day from account opening to earn the bonus.

U.S. Bank Silver Business Checking Account

Open Account

at U.S. Bank

  • Our Rating 4.5/5 How our ratings work
  • APYN/A
  • Minimum
    Deposit Required
    $100
  • Intro Bonus Up to $750Expires June 30, 2023 More Info

    Earn a bonus worth up to $750 bonus when you open a new business checking account using promo code Q2AFL23. Deposit at least $5,000 in new money within 30 days of account opening and maintain the balance until the 60th day from account opening to earn a $500 bonus; deposit at least $15,000 in new money within 30 days of account opening and maintain the balance until the 60th day from account opening to earn a $750 bonus. Additionally, you must enroll in business online banking within the first 60 days from account opening to qualify for the bonus. Member FDIC.

If you're in the market for a basic business checking account, you'd do well to consider U.S. Bank's Silver Business Checking. This account carries no monthly maintenance fee, and features an alluring $500 sign-up bonus for new customers who complete qualifying transactions. While the free cash deposit limit is relatively low, it should be enough to accomodate businesses that don't generate many monthly banking transactions.

U.S. Bank Gold Business Checking Account

Open Account

at U.S. Bank

  • Our Rating 4.5/5 How our ratings work
  • APY0.01% More Info

    Earn 0.01% APY on balances of $20,000 or greater.

  • Minimum
    Deposit Required
    $100
  • Intro Bonus Up to $750Expires June 30, 2023 More Info

    Earn a bonus worth up to $750 bonus when you open a new business checking account using promo code Q2AFL23. Deposit at least $5,000 in new money within 30 days of account opening and maintain the balance until the 60th day from account opening to earn a $500 bonus; deposit at least $15,000 in new money within 30 days of account opening and maintain the balance until the 60th day from account opening to earn a $750 bonus. Additionally, you must enroll in business online banking within the first 60 days from account opening to qualify for the bonus. Member FDIC.

Assuming you can meet the requirements to waive its monthly fee, the U.S. Bank Gold Business Checking account is a strong option for mid-size businesses. This account offers considerably more free transactions than U.S. Bank's Silver Business Checking account and gives customers the chance to earn 0.01% APY on balances of $20,000 or more.

U.S. Bank Platinum Business Checking Account

Open Account

at U.S. Bank

  • Our Rating 4.5/5 How our ratings work
  • APYN/A
  • Minimum
    Deposit Required
    $100
  • Intro Bonus Up to $750Expires June 30, 2023 More Info

    Earn a bonus worth up to $750 bonus when you open a new business checking account using promo code Q2AFL23. Deposit at least $5,000 in new money within 30 days of account opening and maintain the balance until the 60th day from account opening to earn a $500 bonus; deposit at least $15,000 in new money within 30 days of account opening and maintain the balance until the 60th day from account opening to earn a $750 bonus. Additionally, you must enroll in business online banking within the first 60 days from account opening to qualify for the bonus. Member FDIC.

If your business regularly deals with enough cash to make the most of the higher free transaction limit (and to easily waive the monthly fee) you'll likely find a lot to like about the U.S. Bank Platinum Business Checking account. In addition to offering a host of features meant to assist larger businesses, this account features the same $100 minimum opening deposit requirement and valuable sign-up bonus as seen in U.S. Bank's Gold and Silver Business Checking packages.

$400 U.S. Bank Bonus

New customers can earn up to $400 when they open a new U.S. Bank Smartly® Checking account and Standard Savings account, then complete the required activities. But you’ll need to act quickly—this bonus offer is only available for a limited time, through June 20, 2023.

U.S. Bank Smartly® Checking Account

Open Account

at U.S. Bank

  • Our Rating 4/5 How our ratings work
  • Minimum
    Deposit Required
    $25
  • Intro Bonus Up to $400Expires June 20, 2023 More Info

    New U.S. Bank Smartly Checking customers can earn a bonus worth $300 when they open an account, receive two or more direct deposits totaling at least $5,000, complete 10 or more debit card purchases totaling $100 or more, and enroll in online banking or the U.S. Bank mobile app (all within the first 90 days from account opening). Then, earn an additional $100 bonus by opening a Standard Savings Account, completing deposits of $15,000 or more by July 13, 2023 and maintaining a total account balance of at least $15,000 until October 13, 2023. Member FDIC.

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.

Other Bank Bonuses to Consider

Chase Total Checking® Account

Open Account

at Chase

  • Our Rating 4/5 How our ratings work Read the review
  • APYN/A
  • Minimum
    Deposit Required
    N/A
  • Intro Bonus $200Expires July 19, 2023 More Info

    New Chase Total Checking customers can earn a $200 bonus when they open an account and set up direct deposit.

Chase Total Checking® is among the best entry-level accounts. It typically offers a $200 bonus, and historically all you have to do to earn it is set up direct deposit. On top of that, it’s fairly simple to waive the $12 monthly fee. However, it's worth noting that it doesn’t offer many valuable features or benefits and it’s not an interest-bearing checking account.

How to Earn the Full $400 New Account Bonus

The current U.S. Bank bonus requires new customers to open both a Smartly® Checking account and a Standard Savings account to earn the full $400.

Here’s how to earn the full $400 bonus:

  1. Open a new U.S. Bank Smartly® Checking account in-branch, online or by phone. The bank requires a $25 minimum opening deposit.
  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. Complete two or more direct deposits totaling at least $5,000 within the first 90 days of account opening to receive a $200 bonus. These include electronic deposits of your paycheck or government benefits.
  4. Complete 10 or more debit card purchases totaling $100 or more. Like the other requirements, this must be accomplished within the first 90 days of account opening.
  5. Open a new Standard Savings account by June 20, 2023 and complete deposits of $15,000 or more by July 13, 2023 to receive an additional $100 bonus. In order to be eligible for this savings bonus, you must first have completed all the necessary steps to earn the checking bonus. Additionally, you must maintain a total savings account balance of at least $15,000 until October 13, 2023 to qualify for the bonus.

To be eligible for a U.S. Bank Smartly® Checking account, applicants must reside in AZ, AR, CA, CO, ID, IL, IN, IA, KS, KY, MN, MO, MT, NE, NV, NM, NC, ND, OH, OR, SD, TN, UT, WA, WI or WY.

Who Is Eligible for the Bonuses?

Only new customers qualify for this U.S. Bank promotions. If you or any other signer currently has a U.S. Bank checking account or business checking account, you are ineligible. Similarly, you won’t qualify if you’ve had a checking account, or received other bonuses, with U.S. Bank in the past two years.

It's important to note that the Smartly® Checking bonus is only available to customers who reside in a U.S. Bank footprint state: AZ, AR, CA, CO, ID, IL, IN, IA, KS, KY, MN, MO, MT, NE, NV, NM, NC, ND, OH, OR, SD, TN, UT, WA, WI or WY. However, the Business Checking bonuses are available to customers in all 50 states.

Additional Terms and Conditions

U.S. Bank has a few other guidelines for new customers, including:

  • The bank will only grant one checking bonus per customer.
  • Bank employees are not eligible.
  • The bank will report the bonus to the IRS as income, and it will issue you a 1099-INT
  • This promo can’t be combined with other offers.

U.S. Bank Account Fees

U.S. Bank branch
U.S. Bank

If you’re interested in these promotions, 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 Standard Savings
  • 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 bonus. Even though these are strong bonuses, 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 Standard Savings account carries a monthly fee of $4. If you want to waive this fee, you'll need to complete one of the following actions:

  • Maintain a $300 minimum daily balance.
  • Keep a $1,000 average monthly collected balance.
  • Hold the account jointly with an individual age 17 and under.
  • Open a U.S. Bank Smartly® Checking account and enroll in the Smart Rewards Primary tier or above.

If you're interested in earning the savings bonus, you'll meet the requirements for waiving this account's monthly fee by maintaining the minimum balance requirement for the bonus.

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 or $75,000 in combined business deposit and outstanding business credit

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 Bonuses Right for You?

It’s rarely a good idea to open a bank account just to earn a bonus. 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.

LP

Louie Patterson

Louie Patterson is a Finance Content Manager who specializes in banking topics such as account bonuses and CDs. With over seven years of professional editorial experience, their work has appeared in several publications, including USA Today and Consumer Affairs.