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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
367,453 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
+100
367,453 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 Jul 2019
L3: Novice
> bubble2 218 Posts
26 Reputation
GoGo16
07-26-2023 at 08:15 AM.
07-26-2023 at 08:15 AM.
I see Some people received their bonus in 90 days. So I kept money more than 60 days then withdraw. I won't close my account to see if I will receive my bonus next month. Give a chance 👍
Reply
Joined Jan 2007
L10: Grand Master
> bubble2 28,289 Posts
2,718 Reputation
cgigate
07-26-2023 at 10:49 AM.
07-26-2023 at 10:49 AM.
Quote from GoGo16 :
I see Some people received their bonus in 90 days. So I kept money more than 60 days then withdraw. I won't close my account to see if I will receive my bonus next month. Give a chance 👍

It is possible for 105 days to get bonus per t&m
Reply
Joined May 2007
L2: Beginner
> bubble2 35 Posts
17 Reputation
ps40
07-26-2023 at 11:41 AM.
07-26-2023 at 11:41 AM.
Here is my experience with this bank so far.
- Opened an account on July 24.
- Added my external account by logging into my bank's website. Even though there were no errors, the external bank didn't show up immediately. It showed up after a few hours. This caused a lot of confusion.
- I tried to add funds from my external account to the new usbank account. Apparently the above external account can't be used. I was asked to add the external account again by verifying deposits.
- July 26, I verified the deposits and tried to add fund from my external account to the us bank account. This not only failed, they even locked me out of my account
- spoke to customer service who enabled my account again but it won't allow me to transfer funds.
- spoke to customer service who say that I must fill out a funding deposit form and they will do the transfer. Once the account is 'fully opened', whatever that means, I can then add funds to my account online.

This bank is happily living in the 90s. I hope they die in the next banking crisis.
Reply
Joined Oct 2008
L2: Beginner
> bubble2 401 Posts
153 Reputation
Lordslamma
07-26-2023 at 11:46 AM.
07-26-2023 at 11:46 AM.
I got approved, but it's been 10 days and I haven't gotten my account number yet so I can't log in. I also don't have a local bank. How long did it take others to get there account information?
Reply
Joined Oct 2008
L2: Beginner
> bubble2 401 Posts
153 Reputation
Lordslamma
07-26-2023 at 12:27 PM.
07-26-2023 at 12:27 PM.
Quote from fbueller :
Can anyone recommend a solid business checking account that pays high interest? Someone mentioned AMEX Business Checking earlier, and they're at 1.3% right now. Curious if anyone has used a better/higher paying option.

Maybe check these out...
https://www.bankrate.com/banking/...-accounts/
Reply
Joined Oct 2006
L6: Expert
> bubble2 1,482 Posts
exm
07-26-2023 at 12:40 PM.
07-26-2023 at 12:40 PM.
Quote from Lordslamma :
I got approved, but it's been 10 days and I haven't gotten my account number yet so I can't log in. I also don't have a local bank. How long did it take others to get there account information?
I'm in the same position. Did you do a deposit via the form? I should be getting a debit card within 7-10 days. I assume I can use that to get an online account.

Message to all: don't deposit the exact amount ($5k or $15k). Add $100-$200 to be sure in case of any bogus fees.
Reply
Joined Jul 2006
L10: Grand Master
> bubble2 8,347 Posts
4,296 Reputation
fbueller
07-26-2023 at 02:22 PM.
07-26-2023 at 02:22 PM.
Quote from Lordslamma :
Maybe check these out...
https://www.bankrate.com/banking/...-accounts/
Thanks - that says the rates but I'd prefer some personal experience with them for a review as well.
Reply

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Joined Jan 2007
L10: Grand Master
> bubble2 28,289 Posts
2,718 Reputation
cgigate
07-26-2023 at 05:11 PM.
07-26-2023 at 05:11 PM.
Quote from ps40 :
Here is my experience with this bank so far.
- ....
This bank is happily living in the 90s. I hope they die in the next banking crisis.

The bank living in 90s that will last long. The bank born in 202x would be died quick as SVB
1
Reply
Joined Jan 2015
L1: Learner
> bubble2 22 Posts
10 Reputation
fromsd
07-26-2023 at 06:16 PM.
07-26-2023 at 06:16 PM.
Got the bonus earlier for 3k deposit, can I close the existing account & open with the new account with this promo code to get the bonus?
Reply
Last edited by fromsd July 26, 2023 at 07:17 PM.
Joined Jul 2008
L4: Apprentice
> bubble2 337 Posts
149 Reputation
rickster9
07-26-2023 at 06:44 PM.
07-26-2023 at 06:44 PM.
Is this round restricted to certain states or can you open online?
Thanks
Reply
Joined Oct 2012
L9: Master
> bubble2 262 Posts
199 Reputation
topcat2001
07-26-2023 at 08:08 PM.
07-26-2023 at 08:08 PM.
A month after opening and I still haven't gotten my debit card. I had to go through elaborate workarounds to find my account number and open the online account. Then when I tried to do an ACH transfer they disabled claiming fraud. Again had to work around and find a way to wire funds. I only did 5K because of the craziness. They are really not interested in paying the bonus. They just want many people to open accounts and they know most will not meet the qualifying criteria because of all the hoops and even if they do and they don't pay only a small number will fight it. You will spend many hours online and offline to meet the criteria and probably more after that to fight them when they don't pay and then to get your money out, all for an uncertain shot at getting the bonus.
Reply
Joined Jun 2006
L5: Journeyman
> bubble2 667 Posts
34 Reputation
n8236
07-27-2023 at 11:01 AM.
07-27-2023 at 11:01 AM.
Why do all banking apps suck? But that's the least of my complaints. Wish USB didn't charge for checks or ATM fees (when using others'). Just switched from Ally, which is ok but still looking for "the one."
Reply
Joined Jan 2021
L6: Expert
> bubble2 1,275 Posts
201 Reputation
Slacky
07-27-2023 at 08:07 PM.
07-27-2023 at 08:07 PM.
It looks like there are many people being screwed around on this offer so far. I also had issues with them accepting initial funding, various "fraud" claims, etc. on a straight application so I've been watching. The terms I read say the obligation for large balance is only from 30th to 60th day after account is OPENED, then just a "positive balance" after that and that's what I'll hold them to.

I've done a similar deal this year with Chase, Citibank, Wells Fargo, and Discover- not a one of them jacked me around and they paid exactly on time. This USBANK company sure seems to be fishy from the start, and as time goes on that fish is really putrid. After hearing the imaginative terms interpretation from their CS representative I'm going to bone up on my Small Claims Court procedures because I'm 90% sure that this bank isn't going to honor their legal agreements voluntarily. We may also have a claim that this Bank is involved in a personal information phishing scam as well as stealing interest from us that we would have earned elsewhere were it not for this possibly fraudulent "offer."
1
Reply
Joined Jul 2019
L3: Novice
> bubble2 218 Posts
26 Reputation
GoGo16
07-27-2023 at 08:58 PM.
07-27-2023 at 08:58 PM.
The CFPB alleged the business illegally accessed its customers' credit reports and opened checking and savings accounts, credit cards, and lines of credit without customers' permission. Under the terms of the settlement the business paid a $37.5 million penalty to the CFPB, and the CFPB will deposit it into the CFPB's victims relief fund.

I recommend to read this about this bank !

https://www.bbb.org/us/mn/minneap...k-0704-407
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Joined Jun 2007
L3: Novice
> bubble2 129 Posts
10 Reputation
spriteuser
07-28-2023 at 08:22 AM.
07-28-2023 at 08:22 AM.
Will transferring money from my ally savings count?
Reply
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