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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
367,429 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
367,429 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 Jun 2022
L6: Expert
> bubble2 1,175 Posts
106 Reputation
ibuythingshere
08-04-2023 at 04:50 PM.
08-04-2023 at 04:50 PM.
Quote from EagerTable734 :
decided to give this a shot. used CC to fund it and on the last page got "give us time to review. we will be in touch in 2 days"..
heh
how much can you fund using credit card. i remember someone mentioned they lowered it now to like just a coupe hundred?
Reply
Joined Nov 2016
New User
> bubble2 14 Posts
10 Reputation
jmbasnet
08-04-2023 at 06:35 PM.
08-04-2023 at 06:35 PM.
No branches in big cities including washington DC. I had an account on US bank but i closed. Online wire transfer is very difficult. You have to go to the branch but they don't have office near by. Drove 2 and half hours to wire transfer. No recommendation.
Reply
Joined Jan 2007
L10: Grand Master
> bubble2 28,289 Posts
2,718 Reputation
cgigate
08-04-2023 at 06:39 PM.
08-04-2023 at 06:39 PM.
Quote from TidalWaveOne :
Worse than Chase?

LOL, finally there is one who hates Chase, yes Chase bank is the worst 😂
Reply
Joined Feb 2019
L3: Novice
> bubble2 135 Posts
14 Reputation
EagerTable734
08-04-2023 at 07:44 PM.
08-04-2023 at 07:44 PM.
Quote from ibuythingshere :
how much can you fund using credit card. i remember someone mentioned they lowered it now to like just a coupe hundred?
got a confirmation few hours later that account was approved. Funded with chase ink preferred for 3k (nice towards signup bonus). Did call chase to set cash advance to 0, and already see pending purchase for 3k.
Reply
Joined Mar 2005
L8: Grand Teacher
> bubble2 3,311 Posts
1,588 Reputation
JL5
08-04-2023 at 07:49 PM.
08-04-2023 at 07:49 PM.
For those outside of US Bank's area of operation (my understanding, they don't even operate in 1/2 the states of the USA - so much for US Bank - LOL)...

I thought I previously read to open a credit card (as you can open a US Bank credit card from any state) and then once that relationship is established with US Bank, you'll be able to open accounts for bonus offers that you normally would not be able to.

Does anyone have any datapoints on this?

Ex, Do I need to have a Business Credit card to open a business account...or would I be able to get by, by opening a normal non-business credit card and then opening a business checking account such as the one in this post??

TIA for any datapoints.
Reply
Joined Jan 2009
L2: Beginner
> bubble2 54 Posts
11 Reputation
EnRickie
08-04-2023 at 08:24 PM.
08-04-2023 at 08:24 PM.
I submitted my application today and got the 'Give us time to review.' message. Got an approval email about five hours later. I used my debit card for the initial $100 minimum deposit which declined because I had a transaction limit of $50. Hoping I can get someone to attempt the transaction again tomorrow.
Reply
Joined Dec 2014
L10: Grand Master
> bubble2 7,650 Posts
483 Reputation
someoneslick
08-05-2023 at 12:24 AM.
08-05-2023 at 12:24 AM.
Quote from Envycell :
Lol usbank is terrible
their cash+ credit card is nice, though, since you can get 5% off at best buy, newegg, your utilities. Or switch it to department stores etc...

As for this offer, though, 1. I assume you're legit supposed to use it only for business and 2. I was going to do the chase checking and savings accounts for $900 bonus and I assume it would seem suspicious to open yet another checking account also.
Reply

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Joined Dec 2014
L10: Grand Master
> bubble2 7,650 Posts
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someoneslick
08-05-2023 at 12:36 AM.
08-05-2023 at 12:36 AM.
Quote from jmbasnet :
No branches in big cities including washington DC. I had an account on US bank but i closed. Online wire transfer is very difficult. You have to go to the branch but they don't have office near by. Drove 2 and half hours to wire transfer. No recommendation.
It better not be like this for other banks. I am going to do the chase savings account offer and need to move it from another bank into the chase one. Surely a bank can't refuse to let you move your money to another bank if one is not near you.
Reply
Joined Oct 2014
L5: Journeyman
> bubble2 954 Posts
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Pro
everestsun
08-05-2023 at 04:42 AM.
08-05-2023 at 04:42 AM.
Does anyone know if they send temporary checks? Thanks!
Reply
Joined Dec 2010
L4: Apprentice
> bubble2 2,662 Posts
86 Reputation
radars
08-05-2023 at 04:45 AM.
08-05-2023 at 04:45 AM.
What is the eligible business checking account, just say opening a business checking account by ourself name and SSN?
Reply
Joined Nov 2010
L4: Apprentice
> bubble2 468 Posts
150 Reputation
epix1718
08-05-2023 at 05:40 AM.
08-05-2023 at 05:40 AM.
Signed up yesterday using my EIN # and deposited $15K from my SoFi account.. No issues then got Welcome Email with just the last 4 digits of the account number. Need full account number to to create the online banking portion.

I called US Bank this morning and even after verifying my name/address/social/the amount deposited/etc.. they say they can't give it to me for "security reasons" and that I need to call their "business department". Already feels like they are giving me the run around.

I'm wanting to login so I can turn off paper statements.

Edit: Just called their "business department" as well and lady was pretty rude, was adamant she will not give an account # over the phone, I mentioned wanting to turn off the paper billing to not get the $6 charge and she said if that happens I could call back in and they could review it.. Asked to do some type of confirmation that I atleast called and wanted to have paper billing turned off and she said can only do that via the online banking page, of which I can't access with out account number. She said I should expect to see a letter in the mail within the next couple weeks that will have the account number but also have a feeling she was just lying to me. She was very unhelpful with any request.
2
Reply
Last edited by epix1718 August 5, 2023 at 06:17 AM.
Joined Jul 2018
L2: Beginner
> bubble2 83 Posts
22 Reputation
MiksMeh
08-05-2023 at 06:18 AM.
08-05-2023 at 06:18 AM.
Quote from cvrefugee :
The highest federal tax rate is 37% for income over $578,125. If your income was $1,000,000 in 2023 and you file as single, the total tax due is $330,332 (which is effectively a 33% tax).

https://www.nerdwallet.com/articl...x-brackets

Plus state tax. Which is quite high in California
Reply
Joined Feb 2006
L6: Expert
> bubble2 1,769 Posts
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Pro
Shadow Rider
08-05-2023 at 08:40 AM.
08-05-2023 at 08:40 AM.
This isn't nationwide right? it just denies you if you're in a state where they don't have physical branches?
Reply
Joined Mar 2005
L8: Grand Teacher
> bubble2 3,311 Posts
1,588 Reputation
JL5
08-05-2023 at 09:10 AM.
08-05-2023 at 09:10 AM.
Quote from Shadow Rider :
This isn't nationwide right? it just denies you if you're in a state where they don't have physical branches?
That is Correct - US Bank is just a name - as they don't even have branches or exist in 1/2 the states of the US! How Ironic!!

I believe I have read (either here or other bank bonus blogs) where you can open a US Bank Credit card - and once you've established that relationship, you can apply for bank accounts (personal and business) to go after the bank account sign-up bonus's.

Be very wary though and read through this thread and many others of how NOT to get taken by US Bank - US Bank sounds very shady in trying to deny paying out the bonus if you don't follow the terms directly...or for example, approving an account but not actually giving the new customer their account number for a few weeks, so that they can sign on and turn off paper billing ($6 a month fee). (BTW, I do believe I read that everyone could have avoided this issue, if they had just taken a screen shot at the end of their approved online application, as the account number(s) were provided on that last approval page).

I hope this helps...and I hope to get some datapoints of others who are not in a US Bank state and went the Credit Card route to start that relationship with US Bank.

1
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Joined Jan 2007
L10: Grand Master
> bubble2 28,289 Posts
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cgigate
08-05-2023 at 10:46 AM.
08-05-2023 at 10:46 AM.
Quote from EagerTable734 :
got a confirmation few hours later that account was approved. Funded with chase ink preferred for 3k (nice towards signup bonus). Did call chase to set cash advance to 0, and already see pending purchase for 3k.

Sounds interesting. The account can be funded from credit card, if it is not counted as cash advance....
Any limitation amount for credit card to fund the account?
Need to figure out to lock the cash advance to be safe
Reply
Last edited by cgigate August 5, 2023 at 10:48 AM.
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