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U.S. Bank: Open Business Checking Account & Deposit/Maintain $5K Balance for 60 Days Expired

Earn $500 Bonus
(w/ Enrollment in Online Banking / App)
+100 Deal Score
367,105 Views
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:
Created 05-07-2023 at 06:23 PM by desitoyota
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Deal
Score
+100
367,105 Views
Earn $500 Bonus
These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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Featured Comments

Beware this bank uses every possible avenue to deny your bonus. They claimed ach transfers from my other non US bank accounts to this account weren't "new" funds or money

edit: mods, why did you remove my edit comment telling others that were telling me I did it wrong to go kick rocks!?!
Lol usbank is terrible
Lol our Banks are broke.

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Joined Mar 2013
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> bubble2 3,848 Posts
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vksduser
05-09-2023 at 09:08 AM.
05-09-2023 at 09:08 AM.
Quote from bagofchips :
I had similar problems last month on the $3k get $500. They just provide you a form mail it in and a week later the ACH happens. I was trying to transfer from my Amex checking (on which I'd gotten $600 for opening).
I think I missed amex checking offer - was this you got from amex bus? is this still available
1
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Joined Feb 2018
L6: Expert
> bubble2 1,031 Posts
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n00n3
05-09-2023 at 11:44 AM.
05-09-2023 at 11:44 AM.
Quote from Jellok :
Lol our Banks are broke.

On a related note, US Bankcorp stock was hit hard last week
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Joined Jul 2017
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> bubble2 39 Posts
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binoo0324
05-10-2023 at 01:02 AM.

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05-10-2023 at 01:02 AM.
Quote from exhurt :
I'd probably only put my money in the biggest banks in the US for now... too high of a bank run risk to put money in any smaller banks.

US Bank is 5th largest bank. If this bank fails, deposit is the least we should be worried about..
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Joined Dec 2011
L3: Novice
> bubble2 190 Posts
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alancontestor
05-10-2023 at 01:50 AM.

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05-10-2023 at 01:50 AM.
Checking account should fall under FDIC.
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Joined Aug 2012
L5: Journeyman
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BitORealPanther
05-10-2023 at 06:51 AM.

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05-10-2023 at 06:51 AM.
This bank has atrocious customer service. You will find you are often locked out of your account for random periods of time as their fraud detection will flag perfectly legitimate transactions. It also allows fraudulent transactions.

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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Joined Nov 2006
L6: Expert
> bubble2 1,048 Posts
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bagofchips
05-10-2023 at 06:55 AM.
05-10-2023 at 06:55 AM.
Quote from vksduser :
I think I missed amex checking offer - was this you got from amex bus? is this still available
It was targeted via flyer (at the time their standard offer was $300). I already had business platinum card so that may have fed the targeting.
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Joined Jan 2010
L5: Journeyman
> bubble2 623 Posts
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paintballer301
05-10-2023 at 07:50 AM.
05-10-2023 at 07:50 AM.
got It, thanks
Reply
Joined Sep 2014
L6: Expert
> bubble2 1,682 Posts
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IK47
05-10-2023 at 08:43 AM.
05-10-2023 at 08:43 AM.
My bonus from just posted, I signed up about 3 months ago with my sol prop EIN. Sent more than $3k paid couple of bills too and just saw $500 this morning finally, was bit scared but all good now! Good luck to all. I will keep the account open to establish relationship with the bank for credit cards down the road. Will just transfer out the 3K back and keep the rest for occasional bill pays.
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Last edited by IK47 May 10, 2023 at 08:45 AM.
Joined Oct 2017
L3: Novice
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LawrenceT6420
05-10-2023 at 08:54 AM.
05-10-2023 at 08:54 AM.
Is this bonus taxable??
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Joined May 2007
L10: Grand Master
> bubble2 8,311 Posts
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diavolo33
05-10-2023 at 08:58 AM.
05-10-2023 at 08:58 AM.
Quote from LawrenceT6420 :
Is this bonus taxable??

Yes, you'll receive a 1099-R.

Edit: 1099-INT
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Last edited by diavolo33 May 10, 2023 at 12:11 PM.

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Joined Jun 2008
L1: Learner
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hhhoucsd
05-10-2023 at 09:08 AM.
05-10-2023 at 09:08 AM.
I received the $600 bonus recently from the personal checking account. Am I able to open this business checking account and get the $750 bonus? Not sure if there is a waiting period in order to get the bonus?
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Joined Oct 2013
L2: Beginner
> bubble2 2,317 Posts
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selvaspk
05-10-2023 at 09:24 AM.
05-10-2023 at 09:24 AM.
Quote from iBoo :
All these negative comments. The actual holding period is 30 days if you can get the initial funding on the 30th day. Then you hold from 30 to 60 days


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)
1. If I write a check for $15k from my chase to usbank should suffice?
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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Joined Oct 2006
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Original Poster
desitoyota
05-10-2023 at 09:26 AM.
05-10-2023 at 09:26 AM.
Quote from LawrenceT6420 :
Thanks. F that shit then. Gov will take close to 45% of my bonus.

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.
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Last edited by desitoyota May 10, 2023 at 12:07 PM.
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