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expired Posted by bethi • Aug 8, 2022
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expired Posted by bethi • Aug 8, 2022

US Bank: Open Checking Acct + 2x Direct Deposits (totaling $4000 or more), Earn

$400 Bonus

$400

267 Comments 120,444 Views
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Deal Details
US Bank is offering a $400 Bonus when you Open an Eligible Checking Account, complete two or more Direct Deposits totaling $4000 or more within 60 days of opening your account, and enroll in online banking or the U.S. Bank Mobile App (see instructions below). Offer valid through September 2.

Thanks to community member bethi for sharing this deal.

Deal Instructions
  1. Open an eligible checking account here
    • Account Options: Platinum, Gold or Easy checking
    • If you apply for your checking account on another page, you'll need to enter this promo code manually: 2022JUL.
    • Limit one checking bonus per person
  2. Complete two or more Direct Deposits totaling $4000 or more within 60 days of opening your account
    • A direct deposit is an electronic deposit of your paycheck or government benefits, such as Social Security, from your employer or the government. Other electronic deposits or person-to-person payments are not considered a direct deposit.
  3. Enroll in online banking or the U.S. Bank Mobile App within 60 days of opening your account
  4. The checking bonus will be deposited into your new checking account within 60 days of direct deposit verification and verification of enrollment in online banking or the U.S. Bank Mobile App as long as your account is open and has a positive balance

Editor's Notes

Written by qwikwit | Staff
  • About this deal:
    • The least expensive account is the Easy Checking Account which has a $6.95 maintenance fee that can be waived if any of the following applies to you:
      • Your combined monthly direct deposits total $1,000 or more.
      • You keep an average account balance of $1,500 or more.
      • You are age 65 or greater.
  • Offer Terms:
    • A minimum deposit of $25 is required to open a U.S. Bank consumer checking account. Earn a $400 bonus by opening a new U.S. Bank consumer checking account, excluding Student Checking and Safe Debit Account, by September 2, 2022. The checking account can be opened in a branch, online or over the phone. Additionally, you must enroll in online banking or the U.S. Bank Mobile App within 60 days of opening your account. You must also complete two or more direct deposits within 60 days of opening your account totaling $4,000 or more. A direct deposit is an electronic deposit of your paycheck or government benefits, such as Social Security, from your employer or the government. Other electronic deposits or person-to-person payments are not considered a direct deposit. The checking bonus will be deposited into your new checking account within 60 days of direct deposit verification and verification of enrollment in online banking or the U.S. Bank Mobile App as long as your account is open and has a positive balance. Bonus will be reported as interest earned on IRS form 1099-INT and recipient is responsible for any applicable taxes. Offer may not be combined with any other checking account bonus offers. Offer is not valid if you or any signer on the account has an existing U.S. Bank consumer checking account, had a U.S. Bank consumer checking account in the last two years, or received other U.S. Bank bonus offers within the past two years.
    • Review the offer page for the complete terms and conditions.

Original Post

Written by bethi
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
US Bank is offering a $400 Bonus when you Open an Eligible Checking Account, complete two or more Direct Deposits totaling $4000 or more within 60 days of opening your account, and enroll in online banking or the U.S. Bank Mobile App (see instructions below). Offer valid through September 2.

Thanks to community member bethi for sharing this deal.

Deal Instructions
  1. Open an eligible checking account here
    • Account Options: Platinum, Gold or Easy checking
    • If you apply for your checking account on another page, you'll need to enter this promo code manually: 2022JUL.
    • Limit one checking bonus per person
  2. Complete two or more Direct Deposits totaling $4000 or more within 60 days of opening your account
    • A direct deposit is an electronic deposit of your paycheck or government benefits, such as Social Security, from your employer or the government. Other electronic deposits or person-to-person payments are not considered a direct deposit.
  3. Enroll in online banking or the U.S. Bank Mobile App within 60 days of opening your account
  4. The checking bonus will be deposited into your new checking account within 60 days of direct deposit verification and verification of enrollment in online banking or the U.S. Bank Mobile App as long as your account is open and has a positive balance

Editor's Notes

Written by qwikwit | Staff
  • About this deal:
    • The least expensive account is the Easy Checking Account which has a $6.95 maintenance fee that can be waived if any of the following applies to you:
      • Your combined monthly direct deposits total $1,000 or more.
      • You keep an average account balance of $1,500 or more.
      • You are age 65 or greater.
  • Offer Terms:
    • A minimum deposit of $25 is required to open a U.S. Bank consumer checking account. Earn a $400 bonus by opening a new U.S. Bank consumer checking account, excluding Student Checking and Safe Debit Account, by September 2, 2022. The checking account can be opened in a branch, online or over the phone. Additionally, you must enroll in online banking or the U.S. Bank Mobile App within 60 days of opening your account. You must also complete two or more direct deposits within 60 days of opening your account totaling $4,000 or more. A direct deposit is an electronic deposit of your paycheck or government benefits, such as Social Security, from your employer or the government. Other electronic deposits or person-to-person payments are not considered a direct deposit. The checking bonus will be deposited into your new checking account within 60 days of direct deposit verification and verification of enrollment in online banking or the U.S. Bank Mobile App as long as your account is open and has a positive balance. Bonus will be reported as interest earned on IRS form 1099-INT and recipient is responsible for any applicable taxes. Offer may not be combined with any other checking account bonus offers. Offer is not valid if you or any signer on the account has an existing U.S. Bank consumer checking account, had a U.S. Bank consumer checking account in the last two years, or received other U.S. Bank bonus offers within the past two years.
    • Review the offer page for the complete terms and conditions.

Original Post

Written by bethi

Community Voting

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Top Comments

firstrival
1471 Posts
401 Reputation
US Bank refused to pay my bonus, even after I showed them screenshots I had saved. Never again.
fivenue
2611 Posts
1365 Reputation
FYI, they will try to screw you out of your promo bonus, by claiming the account was not opened with promo code included.

since usually any promo will require you to wait from 90 days all the way to 6 months (perhaps more), they can easily get away with it.

not even showing the evidence will help.

just beware
iSDeals
951 Posts
114 Reputation
Since there is a monthly fee on promo all offered checking account, how soon can you close the account after getting deposit?

266 Comments

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Aug 10, 2022
203 Posts
Joined Oct 2012
Aug 10, 2022
downwithopp
Aug 10, 2022
203 Posts
I got this bonus earlier this year. Got it posted about 5-6 weeks after the direct deposits.

Easy.
Aug 10, 2022
2,164 Posts
Joined Dec 2018
Aug 10, 2022
HonestMammoth473
Aug 10, 2022
2,164 Posts
I opened a US Bank Business account for my sole proprietorship (SP) several months ago when they had the $500 bonus going. First, I couldn't get any money into the account. US Bank wouldn't let me pull and they rejected every push into the account. After nearly a month and several hours on the phone with US Bank - who could only repeatedly tell me that my issue had been escalated to a department that, allegedly, cannot be contacted by anyone for any reason by phone - I was finally able to get money into the account. Unfortunately, I spent the next couple weeks arguing with them again because I couldn't get any money out. Once again, the complaint was escalated to the man behind the curtain. Then came the nastygram from US Bank with an attached IRS form demanding my EIN - something I do not have nor am I required to have for a SP (SS is used). The letter went on to tell me how I could be taxed for any monies in the account and, moreover, if they didn't receive my EIN within X days my assets might be frozen. Attempts to resolve this by phone were futile as I was told I only had 2 options: (1) provide the non-existent EIN (2) have my account and assets frozen. That was the last straw. I closed the account and left the $500 bonus on the table. F US Bank.
1
Aug 10, 2022
1,634 Posts
Joined May 2010
Aug 10, 2022
ctz
Aug 10, 2022
1,634 Posts
Do they soft-pull credit during application? I have my credit files frozen, so I can unfreeze it if I know which credit bureau they inquire.
Aug 10, 2022
16 Posts
Joined Jan 2020
Aug 10, 2022
TealGazelle3225
Aug 10, 2022
16 Posts
What will happen if I close the account after getting $400 ?
Pro
Aug 10, 2022
5,865 Posts
Joined Dec 2008
Aug 10, 2022
bluetrep
Pro
Aug 10, 2022
5,865 Posts
two direct deposits within 60 days not possible for me, my company pay me monthly, not bi-week
Pro
Aug 10, 2022
4,552 Posts
Joined Feb 2006
Aug 10, 2022
Tazmania99
Pro
Aug 10, 2022
4,552 Posts
I assume there will be 1099-INT for the $400 bonus received. Can anyone confirm this?
Aug 10, 2022
1,255 Posts
Joined Jul 2007
Aug 10, 2022
BuzzardGas
Aug 10, 2022
1,255 Posts
The negative posts, crazy transfer limits/restrictions and fact that there are no physical branches anywhere near me or surrounding states have my spidey senses buzzing.

A no go for me but good luck to those who are comfortable with the risk.

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Aug 10, 2022
1,204 Posts
Joined Mar 2016
Aug 10, 2022
Rookies1000
Aug 10, 2022
1,204 Posts
Quote from Tazmania99 :
I assume there will be 1099-INT for the $400 bonus received. Can anyone confirm this?
Yes. This is usually the case. I have opened and closed many of this checking account and saving account with well cargo, Chase, capital one. They will send you 1099-INT and you have to report to IRS. Got a letter from IRS one year before we forgot.
Aug 10, 2022
772 Posts
Joined Dec 2019
Aug 10, 2022
OG-Bluntman
Aug 10, 2022
772 Posts
Quote from firstrival :
US Bank refused to pay my bonus, even after I showed them screenshots I had saved. Never again.
Doubt it. Highly doubt this to be true. If you have documentary evidence to support your claim and presented it to the bank and they still declined your claim, then that means 1 of 2 things: 1) UDAAP violation, or 2) you did it wrong.

Trust me, I work at a bank in risk and deal with complaints compliance daily. US Bank is a giant who is frequently audited and constantly under regulatory scrutiny, they won't not pay a promo if you met the criteria.
Aug 10, 2022
485 Posts
Joined Oct 2007
Aug 10, 2022
ricketstar
Aug 10, 2022
485 Posts
I was going to do this but seeing all the trouble others had, it isn't worth the hassle. Thanks for sharing, all.
Aug 10, 2022
772 Posts
Joined Dec 2019
Aug 10, 2022
OG-Bluntman
Aug 10, 2022
772 Posts
Quote from BuzzardGas :
The negative posts, crazy transfer limits/restrictions and fact that there are no physical branches anywhere near me or surrounding states have my spidey senses buzzing.

A no go for me but good luck to those who are comfortable with the risk.
They're not hard to get, you just need to review t&c's for your specific products to ascertain how to avoid fees and get the promo. If you can meet the requirements AND meet other stipulations (I.e. Balance requirements, length of time to keep the account open) then it's a no brainer. The people that are negative clearly don't do due diligence prior to signing up.
Aug 10, 2022
122 Posts
Joined Dec 2016
Aug 10, 2022
BIG4
Aug 10, 2022
122 Posts
I opened US Bank checking account earlier this year and had no problem with $400 bonus, roughly 2 months after promo window (not from opening day or direct deposit day). I also opened its credit card account last year and received $500 bonus. It's pretty good experience
Aug 10, 2022
64 Posts
Joined Jan 2016
Aug 10, 2022
Hardyboy001
Aug 10, 2022
64 Posts
Quote from Lilyly :
any good promo on wells now?
Direct deposit will waive your fees, I been a usbank costumer for years and that works for me
Aug 10, 2022
180 Posts
Joined Sep 2011
Aug 10, 2022
kvp1982
Aug 10, 2022
180 Posts
They declined my application for some reason. Not sure why. I haven't opened/closed any Checking accounts in the past year.

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Aug 10, 2022
2,420 Posts
Joined Jul 2003
Aug 10, 2022
kaabob
Aug 10, 2022
2,420 Posts
Any benefit in apply in-person versus online? I hope some in branch gets goodie points for a sign up

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