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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)
+99 Deal Score
382,725 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
+99
382,725 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 Oct 2010
L10: Grand Master
> bubble2 6,410 Posts
1,389 Reputation
YanksIn2009
06-12-2023 at 09:26 AM.
06-12-2023 at 09:26 AM.
Quote from Goodgod View quoted comment :
I was coming here to say the exact same thing "beware of this bank" but not for your reasons. I used to bank with them for over a decade and just randomly they closed my accounts and KEPT my money!
It took months and threats of lawsuits, then getting the government involved to get the money back. That's when I found out that some of these little rinky-dink banks can be dangerous to put your money in.

US Bank is hardly a small bank as it is the 5th largest in the US. So they sort of fit right in with their rivals BOA, Chase, Citibank and Wells Fargo for crummy service imo.

https://www.mx.com/blog/biggest-b...ed-states/
Reply
Joined Dec 2017
Goddesss
> bubble2 2,159 Posts
1,006 Reputation
Goodgod
06-12-2023 at 09:28 AM.
06-12-2023 at 09:28 AM.
Quote from atique View quoted comment :
US Bank is a scam bank, they often deny checking sign up bonus promotions after customer is on board! Here's the copy of the letter they sent me when I inquired why I wasn't being credited with the bonus after 6 months of opening the account!
https://imgur.com/lIae4Nj
You know, that letter looks almost like a form letter I received from KeyBank a few years ago when trying to use an offer that was mailed to me! I received a physical letter in the mail with an offer, opened up an account and they fought me tooth and nail, I even took the letter into a branch because that's what I was told to do by customer service and it was still denied because the branch said they had no way of overriding their system and Customer Service said they didn't have a way to override the system either 🙄
Reply
Joined Oct 2010
L10: Grand Master
> bubble2 6,410 Posts
1,389 Reputation
YanksIn2009
06-12-2023 at 09:39 AM.
06-12-2023 at 09:39 AM.
Quote from Goodgod View quoted comment :
You know, that letter looks almost like a form letter I received from KeyBank a few years ago when trying to use an offer that was mailed to me! I received a physical letter in the mail with an offer, opened up an account and they fought me tooth and nail, I even took the letter into a branch because that's what I was told to do by customer service and it was still denied because the branch said they had no way of overriding their system and Customer Service said they didn't have a way to override the system either 🙄

Yup...same sort of thing with me except I did not waste my time going to branch. Just took my money out. Don't know what their logic to it is. I would think most people just withdraw their money after they are denied the bonus and it is not like you can't get free checking from another bank. Then again, Chase does the same thing with their endless checking and savings bonus offers that they also seem to find ways to not pay imo, so who knows.
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Joined May 2020
L2: Beginner
> bubble2 59 Posts
14 Reputation
OliveStew166
06-12-2023 at 09:39 AM.
06-12-2023 at 09:39 AM.
Yah. Deposit your fiat in the next SVB
1
Reply
Joined Dec 2005
Chief Bottlewasher
> bubble2 1,237 Posts
492 Reputation
candelabra
06-12-2023 at 10:03 AM.
06-12-2023 at 10:03 AM.
Quote from Envycell View quoted comment :
Lol usbank is terrible
Also these things were more useful when interrest rates were low. To go through the hassle of opening maintaining, monitoring bonus, closing account when you can make 5.5% on guaranteed funds, it just doesn't make sense. US Bank charges for zelle, which is all I know about them, enough to stay away.

US Bank, you should have tried this a few years back, a bit late I'm afraid
Reply
Joined Sep 2011
$
> bubble2 3,266 Posts
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Pro
E4300
06-12-2023 at 10:06 AM.
06-12-2023 at 10:06 AM.
I trade bank stocks but don't buy and hold these crooks. The one exception is Marcus. 4.15% FDIC money market savings. No maximum withdraws limit each month. No minimum $ amount on ACH withdraw (check writing). Interest earned same day or next day. No minimum balance that would trigger monthly maintenance fee. It's a good place to park your $ if you have a treasury account.

Reply
Joined Aug 2010
L6: Expert
> bubble2 1,238 Posts
129 Reputation
osv1
06-12-2023 at 11:20 AM.
06-12-2023 at 11:20 AM.
Quote from EagerLanguage6193 View quoted comment :
This is a terrible bank and is circling the drain. Warren Buffett dumped all his stock after years of ownership.
he sold shares of more than just u.s. bank, it was never just about that bank specifically:

https://www.youtube.com/watch?v=GP1ZaOd4Dtw
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Joined Aug 2010
L6: Expert
> bubble2 1,238 Posts
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osv1
06-12-2023 at 11:24 AM.
06-12-2023 at 11:24 AM.
Quote from candelabra View quoted comment :
US Bank charges for zelle, which is all I know about them, enough to stay away.
"U.S. checking or savings account required to use Zelle®. To send or receive money with a small business, both parties must be enrolled with Zelle® directly through their financial institution's online or mobile banking experience. Transactions between enrolled users typically occur in minutes and generally do not incur transaction fees."

https://www.usbank.com/business-b...ounts.html
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Joined Jul 2012
L2: Beginner
> bubble2 98 Posts
18 Reputation
wzzp144
06-12-2023 at 11:53 AM.
06-12-2023 at 11:53 AM.
So, I got my account set up.

Is transferring from Non-"U.S.Bank" (like sofi, chase, BMO,etc) to this "U.S. Bank" considered ACH transaction of $15,000 and "new" money? Will they honor that?
Reply
Joined Dec 2005
Chief Bottlewasher
> bubble2 1,237 Posts
492 Reputation
candelabra
06-12-2023 at 12:17 PM.
06-12-2023 at 12:17 PM.
Quote from osv1 View quoted comment :
"U.S. checking or savings account required to use Zelle®. To send or receive money with a small business, both parties must be enrolled with Zelle® directly through their financial institution's online or mobile banking experience. Transactions between enrolled users typically occur in minutes and generally do not incur transaction fees."

https://www.usbank.com/business-b...ounts.html
when I looked into it Jan 2021, they charged a fee for business zelle txns. They may have clued in that wasn't going to fly, and removed it. It was the only bank I found that did this. Note they leave the "generally" doesn't charge in there. I wouldn't use these guys,plenty of advice against it here, but you do you...
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Joined Aug 2010
Lvl 9 Wizard
> bubble2 1,404 Posts
623 Reputation
JohnRambo
06-12-2023 at 12:34 PM.
06-12-2023 at 12:34 PM.
I got through signup and cant seem to setup online acct access.

I was emailed with "account info" but only last 4 of account # is uncensored. Signup asks for account number... has anyone gotten around this to create a login?
Reply
Joined Nov 2013
L2: Beginner
> bubble2 33 Posts
10 Reputation
Shirshakbt
06-12-2023 at 01:08 PM.
06-12-2023 at 01:08 PM.
Don't forget, you pay either Bonus tax or income tax on this when you file taxes.
Reply
Joined Dec 2012
L5: Journeyman
> bubble2 778 Posts
74 Reputation
nshah
06-12-2023 at 01:13 PM.
06-12-2023 at 01:13 PM.
10% return for depositing 5k but only 5% for depositing 15k. t-bonds seem better for latter as no state tax.
Reply
Joined Aug 2010
L6: Expert
> bubble2 1,238 Posts
129 Reputation
osv1
06-12-2023 at 01:19 PM.
06-12-2023 at 01:19 PM.
Quote from candelabra View quoted comment :
when I looked into it Jan 2021, they charged a fee for business zelle txns. They may have clued in that wasn't going to fly, and removed it. It was the only bank I found that did this. Note they leave the "generally" doesn't charge in there. I wouldn't use these guys,plenty of advice against it here, but you do you...
funny how people keep posting unsubstantiated false claims that they can't back up, but hey, you all do what you do, lol
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Joined Nov 2009
L2: Beginner
> bubble2 47 Posts
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fakename123
06-12-2023 at 01:25 PM.
06-12-2023 at 01:25 PM.
I have a bank account for my HOA. It's with first republic and doesn't earn any interest.

Are there any banks offering higher interest rates (a la Ally) that also support joint access?
Reply
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