Update: This popular offer is still available.
U.S. Bank offers a
$500 or $750 Bonus when you
Open an Eligible Business Checking Account using promo code
AFL23 and make a
Deposit Totalling $5,000+ or $15,000+ within
30 days of opening your account. Must maintain your balance for
60 days after the account opening and enroll in online banking or the U.S. Bank Mobile App to earn your bonus. Offer valid through August 31, 2023. Member FDIC.
Thanks to Community Member
desitoyota for sharing this deal.
Offer Instructions:
- Promo code AFL23 MUST be used when opening the business checking account. Limit of one Business Checking bonus per business.
- A $100 minimum deposit is required to open a U.S. Bank Silver, Gold, Gold with Interest or Platinum Business Checking account.
- Must enroll in online banking or the U.S. Bank Mobile App within 60 days to earn your bonus.
- Earn $500 when you deposit $5,000
- Earn a $500 Business Checking bonus by opening a new U.S. Bank Silver, Gold, Gold with Interest or Platinum Business Checking account through 08/31/2023. You must make new deposit(s) of at least $5,000 in new money deposits (Direct Deposits, ATM/Branch Deposits, Mobile Check Deposit, ACH or Wires) within 30 days of account opening and thereafter maintain a balance of at least $5,000 until the 60th day after account opening.
- Earn $750 when you deposit $15,000
- Earn your $750 Business Checking bonus by opening a U.S. Bank Silver, Gold, Gold with Interest or Platinum Business Checking account through 08/31/2023. You must make new deposit(s) of at least $15,000 in new money deposits (Direct Deposits, ATM/Branch Deposits, Mobile Check Deposit, ACH or Wires) within 30 days of account opening and thereafter maintain a balance of at least $15,000 until the 60th day after account opening.
Original Post
Written by
Edited December 6, 2023
at 02:57 PM
by
I just wanted to open a business checking account and found this out.
$500 bonus for depositing $5000 and keeping it for 60 days
$750 for $15000 deposit and hold it for 60 day
Here is the link:
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edit: mods, why did you remove my edit comment telling others that were telling me I did it wrong to go kick rocks!?!
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On a related note, US Bankcorp stock was hit hard last week
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US Bank is 5th largest bank. If this bank fails, deposit is the least we should be worried about..
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The account itself looks pretty poor compared to other business checking accounts. This offers no interest on deposits except for the gold checking plan which will earn you 0.01% APY on balances of more than $20,000.
For a comparison, AMEX business checking offers 1.3% APY on any balance. Currently their welcome offer is 30,000 membership rewards points for maintaining an average account balance of $5,000 for 60 days. 30k MR points are worth $300 in straight up cash, but can be redeemed for quite a bit more equivalent value on travel and other things purchased through AMEX.
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Yes, you'll receive a 1099-R.
Edit: 1099-INT
You must make new deposit(s) of at least $15,000 in new money deposits (Direct Deposits, ATM/Branch Deposits, Mobile Check Deposit, ACH or Wires) within 30 days of account opening and thereafter maintain a balance of at least $15,000 until the 60th day after account opening.
If anyone wants to do the math, it's 60% Apy.
(0.60*15000)*(30/365)
2. Is there a x days wait period before closing account, if closed, any negative on credit score?
3. Any hard pull?
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I hear your pain.. I am in the same boat. Pay 47% marginal tax ( Federal and state).
But on the brighter side, you make more so that you are in that bracket.
People always crib about paying high income tax, but I am happy to pay high taxes as it tells me that I am a high earner.
You don't want to be in the zero tax bracket in your peak earning years which means you don't earn enough.