U.S. Bank Bonus: $750 For 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. This page may include information about American Express products currently unavailable on Slickdeals. American Express is not a partner of Slickdeals.

Article at a glance

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

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:

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.
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.
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.

$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.

Other Bank Bonuses to Consider

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:

Open a new U.S. Bank Smartly® Checking account in-branch, online or by phone. The bank requires a $25 minimum opening deposit.
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.
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.
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.
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

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.

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.

U.S. Bank Bonuses: Up to $750 for Opening New Accounts

Two Strong Bonuses to Consider

Standout Products

U.S. Bank Smartly® Checking Account

U.S. Bank Silver Business Checking Account

$750 U.S. Bank Bonus

How to Earn the Full $750 Business Checking Bonus

U.S. Bank Silver Business Checking Account

U.S. Bank Gold Business Checking Account

U.S. Bank Platinum Business Checking Account

$400 U.S. Bank Bonus

U.S. Bank Smartly® Checking Account

Other Bank Bonuses to Consider

Chase Total Checking® Account

How to Earn the Full $400 New Account Bonus

Who Is Eligible for the Bonuses?

Additional Terms and Conditions

U.S. Bank Account Fees

How to Waive the Monthly Fees for These Accounts

Are These Bonuses Right for You?

Louie Patterson

Follow the Money

Reviews The Slickdeals team dives into the latest financial products Stories from real life people, featuring tricks we've learned along the way.

U.S. Bank Review: All of Your Banking Needs in One Place

The 7 Best Business Bank Account Bonuses and Promotions

Chase Business Checking vs. U.S. Bank Business Checking: Which Account is Right for You?

Best Bank Account Bonus Promotions in June 2023

Huntington Bank Promotions: Up to $600 in Cash Bonuses for New Accounts

Citi Bank Bonus: Earn Up to $2,000 for Opening a Checking Account

Tax Hack: How to Get a Cash Bonus With Your Tax Refund

Citizens Bank Bonus: Earn Up to $400 for Opening a Checking Account

Here Are the 5 Safest Banks Right Now

Citigold® Checking: Earn Up to $2,000 for Opening a New Account

HSBC Premier Checking Promo: $500 Bonus for New Accounts

Should You Combine Bank Accounts When You Get Married?