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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
367,138 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
367,138 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.

732 Comments

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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 May 2007
L10: Grand Master
> bubble2 8,312 Posts
3,072 Reputation
diavolo33
05-10-2023 at 12:09 PM.
05-10-2023 at 12:09 PM.
Quote from Warborn :
It's actually 1099-INT as the bonus is considered as an interest earned.

Yes, thanks for correcting.
Reply
Joined Oct 2009
L5: Journeyman
> bubble2 658 Posts
79 Reputation
rturner1
05-10-2023 at 12:10 PM.
05-10-2023 at 12:10 PM.
I opened an account with them and closed it within a week. The account minimum was $1500 but they wouldn't allow me to put $1500 in the account they had like a $500 limit on it. It was nuts.
Reply
Joined Jan 2021
L3: Novice
> bubble2 134 Posts
10 Reputation
BargainShopper101
05-10-2023 at 12:12 PM.
05-10-2023 at 12:12 PM.
Quote from dirks7649 :
Now I only need a business...?

Sole prop... biz name is your name and just use your ss. Easy
Reply
Joined May 2007
L10: Grand Master
> bubble2 8,312 Posts
3,072 Reputation
diavolo33
05-10-2023 at 12:12 PM.
05-10-2023 at 12:12 PM.
Quote from LawrenceT6420 :
Thanks. F that shit then. Gov will take close to 45% of my bonus.

Yeah, that's why some people prefer to go after credit card bonuses, which the IRS characterizes as nontaxable rebates. I do both.
1
Reply
Joined Nov 2008
L7: Teacher
> bubble2 2,286 Posts
262 Reputation
dualityofman
05-10-2023 at 12:18 PM.
05-10-2023 at 12:18 PM.
Quote from HuntingHumans :
They are close to collapse, they are trying to keep/find liquidity. Aka your money.

Banks are falling apart from bad treasuries values and trying to get money, this offer reeks of desperation. Be cautious, after you put your money in they might be in the news headlines and you'll be praying for a fed bailout to get your money back. Unless you have under $250k then you will be FDIC insured

You don't say Captain Obvious?
2
Reply
Joined May 2012
L3: Novice
> bubble2 288 Posts
65 Reputation
Redcon605
05-10-2023 at 12:31 PM.
05-10-2023 at 12:31 PM.
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)
Did this before and they denied my bonus. US Bank is a horrible bank.
Reply
Joined Jul 2012
L8: Grand Teacher
> bubble2 3,882 Posts
954 Reputation
desynergy
05-10-2023 at 12:32 PM.
05-10-2023 at 12:32 PM.
I'm not sure if this is still enforced, but back around 2016, I opened a small business account with US Bank and after being their customer for around 3 months, they sent me a certified letter that I needed to send them some state forms proving I was a legit business. After that, followed by numerous other problems, most being money transfers into or out of US Bank took 1 - 3 days longer than any other bank, I closed the account.

Edit: It was 2018
Reply
Last edited by desynergy May 10, 2023 at 12:35 PM.

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Joined Feb 2006
L4: Apprentice
> bubble2 475 Posts
51 Reputation
secretninja
05-10-2023 at 12:47 PM.
05-10-2023 at 12:47 PM.
For what it's worth. I have taken advantage of both their personal and business account promos and have recieved the bonus both times. , I did not use the account for anything other than meeting the requirements. Just sharing my experience
Reply
Joined Apr 2006
L7: Teacher
> bubble2 2,751 Posts
794 Reputation
jmschn
05-10-2023 at 12:49 PM.
05-10-2023 at 12:49 PM.
Is this once in a lifetime or can this promo be churned?
Reply
Joined Nov 2012
L6: Expert
> bubble2 1,339 Posts
257 Reputation
shortprong
05-10-2023 at 12:52 PM.
05-10-2023 at 12:52 PM.
Quote from PremalP9657 :
That's what I am going thru not giving out the bonus

Ask them to show you that exclusion in the agreement they sent you
Reply
Joined Feb 2016
L3: Novice
> bubble2 102 Posts
30 Reputation
dougeefresh
05-10-2023 at 01:03 PM.
05-10-2023 at 01:03 PM.
Quote from techie333 :
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

I got my $500 bonus for maintaining $3000 for 60 days. I did my transfer from Chase. If you didn't get yours you didn't fully follow every requirement they ask you to do. Mine also needed downloading the mobile app as well to qualify. Read the fine prints.
1
2
Reply
Joined May 2023
New User
> bubble2 1 Posts
10 Reputation
WittyFriction9248
05-10-2023 at 01:20 PM.
05-10-2023 at 01:20 PM.
If we fund $3,000 from a credit card and the remaining $2,000 via ACH, would we still get the bonus?

Or does all $5,000 have to be via ACH?
Reply
Joined Feb 2007
L6: Expert
> bubble2 1,658 Posts
186 Reputation
techie333
05-10-2023 at 01:35 PM.
05-10-2023 at 01:35 PM.
Quote from dougeefresh :
I got my $500 bonus for maintaining $3000 for 60 days. I did my transfer from Chase. If you didn't get yours you didn't fully follow every requirement they ask you to do. Mine also needed downloading the mobile app as well to qualify. Read the fine prints.

Your assumption is because you got your bonus by meeting the requirements, nobody else can be denied unless they didn't meet the requirements. Your assumption may also be because you've never gotten denied any other bonuses, nobody else may be denied a bonus. My middle school teacher always said when you assume you make an ASS out of U and ME lol. Not interested in arguing the logical fallacies of your statement which can be easily invalidated.
4
Reply
Joined Feb 2016
L3: Novice
> bubble2 102 Posts
30 Reputation
dougeefresh
05-10-2023 at 01:57 PM.
05-10-2023 at 01:57 PM.
Quote from techie333 :
Your assumption is because you got your bonus by meeting the requirements, nobody else can be denied unless they didn't meet the requirements. Your assumption may also be because you've never gotten denied any other bonuses, nobody else may be denied a bonus. My middle school teacher always said when you assume you make an ASS out of U and ME lol. Not interested in arguing the logical fallacies of your statement which can be easily invalidated.

Quote from techie333:
"Beware this bank uses every possible avenue to deny your bonus."

Uh, who's making an assumption here 😆

I can see you're mad because you didn't get your bonus but don't make an "assumption" like the above without widely verified facts. I personally disliked the tedious process of going thru the process of opening and depositing and I would never do this again or use US Bank as my bank, just in case you were about to call me a fan boy 😀
6
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Joined Feb 2012
L3: Novice
> bubble2 181 Posts
51 Reputation
miltoney
05-10-2023 at 02:33 PM.
05-10-2023 at 02:33 PM.
Quote from CorNut :
I did the promo when it was $500 for $3k deposit. I received my $500 bonus a couple days ago. All I did was follow the requirements without issue.
May I ask how long after 60 days you had to wait?
Reply
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