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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
367,627 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.
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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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Created 05-07-2023 at 06:23 PM by desitoyota
in Financial Tools & Services (7) Get U.S. Bank - Bank Advertiser coupons
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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.

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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
L2: Beginner
> bubble2 26 Posts
10 Reputation
nodealpls
07-11-2023 at 06:33 PM.

Our community has rated this post as helpful. If you agree, why not thank nodealpls

07-11-2023 at 06:33 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

edit: mods, why did you remove my edit comment telling others that were telling me I did it wrong to go kick rocks!?!

I second this. US bank is terrible. They denied mine and said it wasn't new but jts not true. They won't tell you until the end of 60 days and deny you outright but at the beginning they would say everything looks great until the moment they had to pay out. Don't trust this bank. Terrible!
1
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Joined Jan 2006
Pro
> bubble2 202 Posts
42 Reputation
HDP_
07-12-2023 at 07:02 AM.
07-12-2023 at 07:02 AM.
Quote from prasadpk :
Qn: Are Visa holders (not citizens) eligible for opening business account ? A couple of my colleagues (who are on h1b visa) were rejected.

No, u need EIN business tax # for business checking account
Reply
Joined Jul 2023
New User
> bubble2 1 Posts
10 Reputation
MaroonWater427
07-12-2023 at 11:12 AM.
07-12-2023 at 11:12 AM.
Do not trust US Bank, you have been warned. I have excellent credit, never asked for anything, and they basically took over 5,000.00. It took almost an entire year of stress and lawsuits to get my money back. Not even a one word apology for their mistake.
1
Reply
Joined Oct 2010
L5: Journeyman
> bubble2 577 Posts
61 Reputation
william_asengx
07-12-2023 at 01:41 PM.
07-12-2023 at 01:41 PM.
My account was closed by them, deposited $15,010. Showing $3000 balance for couple of days, then all of sudden my account was closed. Called the CS, she couldn't find the reason why and i should receive a mail explaining the closure and the $15k check. Wasting my time and interest from my $15k i could have put somewhere else. Wtf
Reply
Joined Apr 2004
L1: Learner
> bubble2 4 Posts
10 Reputation
dki
07-12-2023 at 03:37 PM.
07-12-2023 at 03:37 PM.
Quote from william_asengx :
My account was closed by them, deposited $15,010. Showing $3000 balance for couple of days, then all of sudden my account was closed. Called the CS, she couldn't find the reason why and i should receive a mail explaining the closure and the $15k check. Wasting my time and interest from my $15k i could have put somewhere else. Wtf
My account was closed too. Customer service said I will receive explanation in the mail and hopefully the check to refund the money I already deposit. Went to the branch and they also said the same thing. I guess there must be quite a few accounts falling under this mess. Mad
Reply
Joined Jun 2009
L7: Teacher
> bubble2 2,738 Posts
340 Reputation
g725s
07-12-2023 at 03:55 PM.
07-12-2023 at 03:55 PM.
Yep, USbank sucks. Let's say you deposit a check from someone, or multiple checks from multiple people. Well that check, or if it was a multi check deposit, they are not viewable after deposit. All that is viewable is the Deposit Slip, not each individual check.

I am being told I can view them for $2 per check... FU US Bank!

I was with Union Bank which was bought out by US Bank. With Union Bank I could go back in time as far as I wanted and view any check deposit, seeing both sides of the check.

Not US Bank. They suck big time. You call in and they will intentionally drop the call or leave you on hold without saying that they are going to put you on hold.
Reply
Joined Apr 2013
New User
> bubble2 15 Posts
15 Reputation
allibri425
07-12-2023 at 06:16 PM.
07-12-2023 at 06:16 PM.
Quote from dki :
My account was closed too. Customer service said I will receive explanation in the mail and hopefully the check to refund the money I already deposit. Went to the branch and they also said the same thing. I guess there must be quite a few accounts falling under this mess. Mad

This happened to me too. They said my funding deposit of $100 from Chase was rejected and they closed the account. But they strangely accepted 3 subsequent transfers of $100 from different banks I kept trying to get to work. So now I need to wait for a cashier's check for my $300 back. Huge waste of time.
Reply

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Joined Oct 2018
L10: Grand Master
> bubble2 6,458 Posts
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Wavy-Nife
07-12-2023 at 06:40 PM.

Our community has rated this post as helpful. If you agree, why not thank Wavy-Nife

07-12-2023 at 06:40 PM.
Seems like a terrible bank based on the comments. Why does SDs keep pushing this to the top of FP?

Oh because it's sponsored, ugh.
1
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Joined Apr 2004
L1: Learner
> bubble2 4 Posts
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dki
07-12-2023 at 09:09 PM.
07-12-2023 at 09:09 PM.
Quote from allibri425 :
This happened to me too. They said my funding deposit of $100 from Chase was rejected and they closed the account. But they strangely accepted 3 subsequent transfers of $100 from different banks I kept trying to get to work. So now I need to wait for a cashier's check for my $300 back. Huge waste of time.
From what I read, it could take forever for them to return the deposited money back. Maybe we should start a class action against U.S. Bank. Any law firm would be interested?
Reply
Joined Apr 2013
New User
> bubble2 15 Posts
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allibri425
07-12-2023 at 09:11 PM.

Our community has rated this post as helpful. If you agree, why not thank allibri425

07-12-2023 at 09:11 PM.
Quote from dki :
From what I read, it could take forever for them to return the deposited money back. Maybe we should start a class action against U.S. Bank. Any law firm would be interested?

Sounds like a great idea. I'm going to file a CFPB complaint. I recommend others do the same.
1
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Joined Nov 2012
New User
> bubble2 14 Posts
10 Reputation
shane9092
07-13-2023 at 06:35 PM.
07-13-2023 at 06:35 PM.
Quote from LivelySink338 :
Do I really need a business or does selling a few items on eBay every year count?

Walked in and talked to a banker. You could be a sole proprietor (use own SSN) or LLC (use business EIN). Must show activity every month (deposit and withdrawals). Must tell them what your business does.
Reply
Joined Jun 2006
L5: Journeyman
> bubble2 667 Posts
34 Reputation
n8236
07-13-2023 at 08:40 PM.
07-13-2023 at 08:40 PM.
What a PITA trying to fund it.

My main bank halted my $ transfer and placed a fraudulent activity marker on it. This happened after I verified the US Bank account with my main bank (Ally). Ally said something on USB's side is the cause. 🤦 ♂️
Reply
Joined Oct 2008
L2: Beginner
> bubble2 401 Posts
153 Reputation
Lordslamma
07-15-2023 at 07:27 AM.
07-15-2023 at 07:27 AM.
Quote from gcretro :
Is opening an account and then closing it after say 90 days a sizable hit on credit score?

Also will an individual qualify as a business? Or do they ask anything beyond SSN?

I did this with chase checking and savings and saw no change to my credit score, so I doubt it.
Reply
Joined Dec 2005
L7: Teacher
> bubble2 2,368 Posts
808 Reputation
SlikRick
07-15-2023 at 07:45 AM.
07-15-2023 at 07:45 AM.
Quote from n8236 :
What a PITA trying to fund it.

My main bank halted my $ transfer and placed a fraudulent activity marker on it. This happened after I verified the US Bank account with my main bank (Ally). Ally said something on USB's side is the cause. 🤦 ♂️
Consider yourself lucky! DO NOT fund USB!! Like others, I too got my account closed after going through so many hassles to deposit about $7500. I just want my money back and won't ever deal with this shitty bank again! I have had AMEX Busness Platinum card for over 20 years! And also Capital One Spark too.. been a small business owner for a long time! I suggest that you pull the money out and close the account. Its not worth it. This shouldn't be a hit-or-miss if we're funding the account according to terms!

And for others - anyone reading some of our stories still goes through this "deal", you are a farking idiot!
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Joined Nov 2012
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dcnorm29
07-15-2023 at 09:20 AM.
07-15-2023 at 09:20 AM.
I just don't get it. I successfully opened up an account and funded it 500 dollars using my USAA military bank checking account. A few days later, I successfully transferred 102.00 from my same USAA banking account using ACH. A few days later, I attempted a 1000 transfer from the same USAA bank (my US Bank limit said 2,500), and my US Bank account got frozen for fraud. After 48 hours, they unfroze my account. The rep said everything is fine, and making a transfer shouldn't be an issue in the future. So, a few days later, I went ahead and attempted to make another transfer, this time for 500. My US Bank account got frozen again. I was told by the rep that the fraud department froze my account, and she didn't know why bc that's a different department. I waited another 48 hours and when I called for them to unfreeze my account again, I was told my account has been set for closure due to fraud and a letter been sent out to me by mail explaining why. I received the letter a week later, and the letter just said my account is being closed bc suspected of irregular activity. When I called for further explanation, I was transferred multiple times to multiple departments with no one who understood what was irregular. I was repeatedly told it was done by a department that cannot be reached by customers and that they would try to reach out for further clarification. It's been a week, and no further clarification has been provided, despite me reaching out a few times over the week. Now I'm just waiting for them to close out my account and my 602 dollar check. I have done multiple bank promotions like these and have never experienced this.
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