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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
367,080 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
If you purchase something through a post on our site, Slickdeals may get a small share of the sale.
Deal
Score
+100
367,080 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 Dec 2020
L3: Novice
> bubble2 125 Posts
24 Reputation
BeautifulSeagull451
05-10-2023 at 10:00 PM.
05-10-2023 at 10:00 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

Please provide a link or two to support this claim.
Reply
Joined Nov 2012
L2: Beginner
> bubble2 55 Posts
26 Reputation
Hapadave
05-10-2023 at 10:29 PM.
05-10-2023 at 10:29 PM.
Quote from WittyFriction9248 :
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?
I don't know whether it would count toward your new money funding, but I must assume funding a checking account by credit card would incur a cash advance charge on the card at 20-36% APR. Wouldn't recommend it regardless.
1
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Joined Jan 2004
L4: Apprentice
> bubble2 373 Posts
78 Reputation
91stealthrt2
05-10-2023 at 11:28 PM.
05-10-2023 at 11:28 PM.
I've used them as my main checking account for over 20 years with no issues on that front. But the customer service is horrible. About 6 months ago I tried to open a savings account for my 1 y/o niece and they told me I had to make an appointment. With 5 bankers in the building and only 1 other customer. Guess they didn't want money that would just be sitting for 17+ years. 🙄
Reply
Joined Mar 2005
L8: Grand Teacher
> bubble2 3,310 Posts
1,588 Reputation
JL5
05-11-2023 at 04:11 AM.
05-11-2023 at 04:11 AM.
Quote from ascotnot :
Perhaps customers who are serious about establishing a relationship with the bank get treated a little better than transient, grubby hit-and-run chasers of the next great deal.
Did you just insult 95% of SlickDealers??
2
Reply
Joined Sep 2006
L7: Teacher
> bubble2 2,252 Posts
156 Reputation
robertw477
05-11-2023 at 05:45 AM.
05-11-2023 at 05:45 AM.
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
That should come as no surprise. Most bank bonuses or brokerage bonuses require new money, not money they had already. If you can take those US Bank accounts and push them elsewhere and back it becomes new money and you worked around it. Dont blame them if you didnt read the terms.
2
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Joined Oct 2009
L8: Grand Teacher
> bubble2 3,034 Posts
ascotnot
05-11-2023 at 06:36 AM.
05-11-2023 at 06:36 AM.
Quote from JL5 :
Did you just insult 95% of SlickDealers??
I appreciate you noticing! I like to think of it more as being complementary to people who were raised properly enough to understand that money isn't the only thing in the world that has value.

Funny thing is, the way I had originally wrote that last part that you quoted got me a "urlblocked" because of the way I had constructed it. Doing a little research, I discovered a whole new world of discount shopping on social media that I never would have otherwise known about. Finally, a reason to get an Instagram account. Thanks mods!! LMAO
1
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Joined Nov 2009
L5: Journeyman
> bubble2 1,516 Posts
95 Reputation
baraclude
05-11-2023 at 06:48 AM.
05-11-2023 at 06:48 AM.
It won't let me complete my application by setting up a bank routing transfer.
Reply

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Joined Jun 2010
L1: Learner
> bubble2 13 Posts
29 Reputation
drputu33
05-11-2023 at 09:01 AM.
05-11-2023 at 09:01 AM.
They told me to fax DL (front/back), SSN (front/back), business license and Article of business formation. I requested to cancel the application. I didn't have this much trouble with business checking accounts with BOA, Chase, WF in the past.
Reply
Joined Aug 2007
L3: Novice
> bubble2 169 Posts
20 Reputation
Liquifier
05-11-2023 at 09:12 AM.
05-11-2023 at 09:12 AM.
US Bank is a joke
I tried getting in on an similar dealer few months ago but I was not able to electronically deposit funds from outside account other than the initial $100 deposit.
Attempts to transfer amounts as low as $300 over ACH would actually be rejected by US Bank. Eventually I just moved on and canceled the account.
1
Reply
Joined Jul 2007
L6: Expert
> bubble2 1,440 Posts
116 Reputation
Dubious07
05-11-2023 at 01:31 PM.
05-11-2023 at 01:31 PM.
Applied.. got approved, setup external account to transfer funds, got account number, never received this "A welcome email will be sent to 'email account' with more details about your new
account, and can't create online access. Called US Bank business services and account number didn't even register in their system and to try again another day. Is this just a waste of time?
Reply
Last edited by Dubious07 May 11, 2023 at 01:34 PM.
Joined Jan 2021
L6: Expert
> bubble2 1,275 Posts
201 Reputation
Slacky
05-11-2023 at 02:10 PM.
05-11-2023 at 02:10 PM.
Quote from LawrenceT6420 :
Thanks. F that shit then. Gov will take close to 45% of my bonus.

I'll take 45% of effectively 60% interest on my deposit over 45% of 0-1% interest on that same deposit.

What's your alternative- Either gamble on the stock market or stick it under your mattress or get a tax free bond of 5-10%? Confused what the problem of this offer is for you.
Reply
Joined Jan 2021
L6: Expert
> bubble2 1,275 Posts
201 Reputation
Slacky
05-11-2023 at 02:12 PM.
05-11-2023 at 02:12 PM.
Quote from Liquifier :
US Bank is a joke
I tried getting in on an similar dealer few months ago but I was not able to electronically deposit funds from outside account other than the initial $100 deposit.
Attempts to transfer amounts as low as $300 over ACH would actually be rejected by US Bank. Eventually I just moved on and canceled the account.

Opened my account 5/3, have already loaded up the account with $15k, haven't received a single piece of paper or ATM card from them yet, have no idea what my account number is and can't activate online/app yet. Kinda dodgy so far.
1
Reply
Joined Oct 2008
L6: Expert
> bubble2 1,839 Posts
196 Reputation
eggsalad
05-11-2023 at 02:43 PM.
05-11-2023 at 02:43 PM.
Quote from JL5 :
Did you just insult 95% of SlickDealers??
I'm not too snooty for free money
1
Reply
Joined Jul 2008
L3: Novice
> bubble2 248 Posts
157 Reputation
raisitup
05-11-2023 at 03:22 PM.
05-11-2023 at 03:22 PM.
Quote from cvrefugee :
I understand the tax system well. What I had missed was you combining your marginal tax rate for federal and state. Although I'm confused how you came to the statement of "...every dollar I earn will be charged at 46.75%". How do you come to that conclusion? It's my understanding that only the amount of money you earn beyond a certain dollar amount is taxed at that rate, hence the progressive part of the tax system.

The highest tax bracket is 37%, which starts at income over $578,126. That means you'll pay a total of $174,238.25 (sum of all the lower brackets) plus 37% of any amount over $578,125. You are not paying 37% of all the money you earned. See below:

Sample income: $600,000
37% income bracket starting amount: $578,126

Subtract the two to see the income taxed at 37%: $600,000 - $578,126 = $21,874. Multiply this amount by 37% to get $8,093.38. Add this amount to the existing tax liability of $174,238.25 to get a total tax liability of $182,331.63 from an income of $600,000. That means you are being taxed 30.39% for every dollar you earn with that income, not 37%. I'm not going to calculate the state taxes, but the outcome will be similar.

Then again, I'm not the one flexing my income on a thread about earning a $500-$750 checking account bonus. Sounds like that's just a couple hours of work for you anyways lol.

He's saying every dollar of the bonus is at that marginal rate. Begs the question, if he's making that much then his time is worth far more than the time it would take to make the few hundred dollars made here, and the tax MAYBE puts the effort in range of his calculated hourly "wage". Or he's full of it.
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Joined Aug 2007
L3: Novice
> bubble2 169 Posts
20 Reputation
Liquifier
05-11-2023 at 05:49 PM.
05-11-2023 at 05:49 PM.
Quote from Slacky :
Opened my account 5/3, have already loaded up the account with $15k, haven't received a single piece of paper or ATM card from them yet, have no idea what my account number is and can't activate online/app yet. Kinda dodgy so far.

I had to call in to get my account number to activate online banking
1
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