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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"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."
Interest rates are high. They're raising capital to lend out for more money than they pay you for it. This is how banks work.
Cathay Bank doesn't don't talk down to you like US bank. US bank's branch manager talked to me in a tone as if a boss is talking to their employees, saying that 'you are building a relationship with the US bank' whenever we complained about the stupid hurdles they put on new customers (such as a $500 mobile online check deposit limit, plus some monthly limit which I forgot, which means you have to manually deposit a check to a branch to satisfy the funding requirement for the signup bonus) is for you to build track record with them. US bank do not trust their customers and their branch managers shows that attitude.
US bank's terms are abusive and they abuse their discretion to terminate the relationship and they won't tell you the reason for 'security reasons'. I opened a merchant account with them (for the $500 bonus) and they unilaterally terminated the relationship after 2 transactions and clawed back the payouts for 90 days without warning and for absolutely no reason (there's no defect in the transactions. 90 days cleared and the loss prevention 'applied' to return the funds to me in a check, which they said it'd take 4~5 weeks, after 90+ days), and they are tight-lipped about the reasons (always citing security reasons). Since they terminated the merchant account within 90 days, they didn't give me the bonus either and I paid $58 for their damn card reader which I'd never get to use. US bank talks to customers as if they are thieves. Stay away from them. No matter how helpful the branch staff are, they are powerless in front of the back office. This bank is toxic. Stay away from them if your peace of mind is worth more than the signup bonus.
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They might be right, you need transfer from foreign bank than US bank to be considered as new fund...
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)
Not bad for FDIC insured.
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Once I was logged into my account, I asked if the promotion is valid on my account. Rep checked, saw a promotion linked to my application. Then I was told this promotion is being advertised by "some sites" on google and is NOT a valid US BANK promo code.
For this reason they won't be able to honor the promotion.
I thanked the representative (for saving me the trouble of hoping and waiting 2 months) and disconnected the call. Took 40 minutes.
Planning to transfer my money back to the source account and then close this one.
Lesson learnt - never attempting another US BANK account application again.
Once I was logged into my account, I asked if the promotion is valid on my account. Rep checked, saw a promotion linked to my application. Then I was told this promotion is being advertised by "some sites" on google and is NOT a valid US BANK promo code.
For this reason they won't be able to honor the promotion.
I thanked the representative (for saving me the trouble of hoping and waiting 2 months) and disconnected the call. Took 40 minutes.
Planning to transfer my money back to the source account and then close this one.
Lesson learnt - never attempting another US BANK account application again.
https://www.usbank.com/affiliate/...nus-a.html
https://imgur.com/lIae4Nj
I replied their email, nothing resolved yet!
Hi Customer Care,
That's fine. However, as a customer, I deserve some transparency.
When I opened the checking account I confirmed the requirements with US Bank's Menlo Park Branch. I did the required direct deposits (2 3k deposits from my employer), maintained balance.
Few months ago, the branch confirmed that I completed all requirements (qualifying activities). They told me to wait 60 days. Then, 3 months passed and I contacted customer care online. The agent confirmed I completed the requirements, told me to wait a bit more and that it will be credited. I wasn't credited I contacted again, This time an agent named Karina opened a case (Ticket# 785937) and about two weeks passed since then. I got a paper mail that states that I don't qualify. I feel very much unwelcome.
If somehow this was communicated to me earlier I would very much appreciate it. I feel like I had been treated poorly over this promotional credit and that quite some of my valuable time has been wasted by the bank's agents, back office etc. My patience had been tested to its limits.
I extremely regret opening the account with your bank. Nobody, ever f'ing told me that the promo had fine prints like this that it has to be mailed to the customer while I visited the bank and when I talked to customer care. You guys cost me time. And, after 6 f'ing months you guys tell me that the promo had fineprints. What a scam bank!!!
I have attached the promotion flyer by the US Bank that I used to open the account for further verification.
Sincerely,
Deceived Customer (time wasted in vein)
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