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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)
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:
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
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:
$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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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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I deposited $15k, only shows $3k as the available balance though it says the $15k deposit is completed. I guess it's not just me.
Had to pay rent ($2400) with debit since ACH would take 2-3 days to finish verification, first payment at new place.
These asshats gave me the hardest time. Citing, just as you said "security reasons". I explained that the $3k daily limit would never fly when I occasionally make big ticket purchases. I had plenty enough to cover my withdrawal and some.
The reason the transaction was failing was because my wife was trying to put it through on her card (we went into a branch to make it a co-owned account). Well unfortunately her card has a $1k daily limit , for some stupid reason. So I used my card and paid rent.
But before they noticed that "work around" they told me repeatedly that I was shit out of luck and there was absolutely nothing they could do, even as a sign of courtesy, to make sure I could process my rent payment.
I'm gone the second the $600 touches my account and the terms are fulfilled. If it ever does come.
Welcome to the club of US Bank victims! They should have warned you about the limits when you sign up and not make their customer find out the 'security reasons' not listed. They basically abuse their overreaching powers by treating all their customers like suspects and quote "security".
A lock out period after your deposit is fine if they clearly laid it out and take reasonable steps to make sure you are aware of it when you sign up instead of burying it in fine prints. Axios, in return for high interest savings accounts, does have long lockouts and daily limits so they can manage their reserve flow better (less likely to have a bank run like SVB when people withdraw huge amounts all at once), but not as petty as $1k/day limit.
They clawed back and locked my money up for nearly 5 months, amounting more time than that 90 days observation period, no reasons for their suspicions given, then they took weeks to to reach out to me and ask for a W9 (these crooks are treating it as if they were paying me as if I worked for them as a contractor!), and after that they told me it'd take her a month to request a check to get the funds back to me. Not even an apology. The feel it's their god given right to hold my money for 5 months and not pay me interests. Not to mention they shortchanged me for the $500 signup bonus because they unilaterally terminate the relationship in at the end of the first 3 months required for the bonus.
I bet US bank gives generous sign up bonus because they suck and people don't want to deal with them. That was my first time dealing with them and I knew about the promotion through their snail mail advertising. Not again. The people working in the front line might be nice but the company policies and their back office are total assholes which had all the powers.
Despite my bad experience with US bank, this is common in other places too especially if you use non-cash means like ACH or checks to deposit the funds. This is reasonable if you are the bank you'd want to make sure that when customers without collaterals made a deposit that's in limbo, they should not be able to take advantage of the time in between to withdraw a large chunk then stop the transfer on the other end before it's free and clear. However, they should be upfront about it. It'd be rather trusting of them (despite they heavily distrust customers in general based on my experience with their absurd rules) to give you access to $3k right away if you didn't deposit $3k in cash.
https://www.helpwithmyb
Can anyone confirm that is correct?
US bank usually don't trust their customers so if you received the bonus, the term's already fulfilled.
the $5000 or $15000 deposit has to be a single one time deposit or the money can deposited in several installments within 30 days?
For example, today I deposit $2000 and next day I can deposit $3000, So a total deposit of $5000 within 30 days.
Thanks
From my experience last time I signed up with them, yes, you can break it up. The banker should tell you that. They assign every customer to a branch manager, usually near where you are. Yes, that 'manager' talk to you like he's your boss, my manager even gave me a pep talk about building trust with the bank.
They don't require a lump sum deposit on opening and will give you time to reach that amount of deposit (the first 30 days). Of course don't expect the 60 day hold clock to tick before you've accumulated enough deposits to fulfil the requirement.
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Try AFL23
https://www.usbank.com/splash/bus...d=PB_5770
NEW Link here:
https://www.usbank.com/splash/bus...d=PB_5770
2hbonus is the code as YW55 indicated.
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)
$15 k is for a $750 bonus. Only $5 k for $500. I should open more businesses!
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