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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 Sep 2009
Legendary
> bubble2 252 Posts
115 Reputation
asianx13oy
08-09-2023 at 10:51 AM.
08-09-2023 at 10:51 AM.
Just received my $750 bonus today.

Opened the account on 5/12/23.
15k deposited by 5/17/23.
I deposited an extra 2.5k by 6/6/23 (I wanted to be extra sure, since I originally deposited 2.5k via zelle as part of the 15k and wasn't sure if it would count).
Service charge of $6 on 7/17/23 (for paper statements). Luckily I had extra 2.5k buffer so this didn't bring me below 15k.
Refunded $6 service charge on 7/19/23.
Received $750 bonus on 8/8/23.

Overall, I have no complaints, everything went smoothly, never ran into any problems funding the account (used both push, pull, and zelle), or problems with missing account number (I was able to see my account number the day I opened the account by logging in online/mobile).

Details:
For funding, I did 6k "pull" during the initial US Bank opening steps, from my capital one account.
I then linked my capital one account to my US bank account (takes a few days, have to confirm micro deposits)
I did two separate 2.5k "pull" transfers through US bank website/mobile. (2.5k max each transfer).
I did one 4k "push" transfer through my capital one website (4k+? max)
I did one 2.5k zelle transfer. (2.5k max each transfer) Basically I pointed my zelle registered phone number to US bank, then pointed my zelle registered email to my capital one account, then transferred from my email to my phone number. The US Bank CSR recommended this way to transfer funds.
Reply
Joined Nov 2012
L2: Beginner
> bubble2 29 Posts
10 Reputation
dcnorm29
08-09-2023 at 11:33 AM.
08-09-2023 at 11:33 AM.
Do you have a business that uses your Social Security or a business that has its own ID?
Reply
Last edited by dcnorm29 August 13, 2023 at 08:11 AM.
Joined Nov 2012
L2: Beginner
> bubble2 29 Posts
10 Reputation
dcnorm29
08-09-2023 at 11:39 AM.
08-09-2023 at 11:39 AM.
Did you use a business ID to open your account or your own SS number? thanks
Reply
Last edited by dcnorm29 August 13, 2023 at 08:10 AM.
Joined Sep 2009
Legendary
> bubble2 252 Posts
115 Reputation
asianx13oy
08-09-2023 at 01:09 PM.
08-09-2023 at 01:09 PM.
The "pulls" initiated from US Bank side could only be done one at a time, with a 2.5k max. Realized that it would take too long to transfer the rest, so then I linked my two accounts and tried the "push" from capitalone. I initiated the "push" from capitalone at the same time as one of the "pulls". The two "pulls" were not done concurrently.

I have a business that uses my own social security number. I have reported taxes the last two years for this business. It is a very simple sole proprietor business that I had to use since I was selling random things on ebay.
Reply
Joined Jan 2013
L6: Expert
> bubble2 1,479 Posts
189 Reputation
Curb71
08-09-2023 at 01:40 PM.
08-09-2023 at 01:40 PM.
Quote from dcnorm29 :
Did you push the 15 k in on 5/18? Or did you pull the 15k in using the US Bank app?

Did you use a business ID to open your account or your own SS number? thanks

I brought in a cashier's check from another bank.
I used my own info
Reply
Joined Jan 2013
L6: Expert
> bubble2 1,479 Posts
189 Reputation
Curb71
08-09-2023 at 01:41 PM.
08-09-2023 at 01:41 PM.
After getting the bonus yesterday, I went into the branch and withdrew all of the funds except $1. Confirmed the silver business checking account has no fees or minimum balance requirements.
Reply
Joined Jun 2005
L6: Expert
> bubble2 1,806 Posts
378 Reputation
Minger
08-09-2023 at 02:00 PM.
08-09-2023 at 02:00 PM.
Account created 5/30.

Just got the 500 today, so about an extra week after the 60 days
Reply

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Joined Jun 2005
L6: Expert
> bubble2 1,806 Posts
378 Reputation
Minger
08-09-2023 at 02:02 PM.
08-09-2023 at 02:02 PM.
Quote from Diz :
You can certainly close the account without any penalties, but I would highly advise not doing this until at least November 15th. No sense in possibly calling attention to yourself and risking getting blacklisted. Just keep it open with $1 in there.
Is keeping it open for 6 months a standard practice to keep against flagging?
Reply
Joined Jan 2008
L5: Journeyman
> bubble2 726 Posts
115 Reputation
Diz
08-09-2023 at 03:03 PM.
08-09-2023 at 03:03 PM.
Quote from Curb71 :
Thanks for the info. I'm unaware that there's some 6-month rule or that closing my account tomorrow could cause me to get blacklisted. I guess I could just withdraw all the money except a dollar and leave the account open if that would be better?
There is no minimum account opening requirement stated. I'm just saying that behind the scenes there could be, and historically, US Bank has offered some of the most very lucrative new account bonuses ever...and they're churnable every couple of yrs. Why possibly lose that opportunity when it costs you nothing but noting that this account is still open?
Reply
Joined Jan 2008
L5: Journeyman
> bubble2 726 Posts
115 Reputation
Diz
08-09-2023 at 03:06 PM.
08-09-2023 at 03:06 PM.
Quote from Minger :
Is keeping it open for 6 months a standard practice to keep against flagging?
It is for a number of banks. This is just my personal practice if it's not called out specifically in the T&C.
Reply
Joined Nov 2012
L2: Beginner
> bubble2 29 Posts
10 Reputation
dcnorm29
08-09-2023 at 04:02 PM.
08-09-2023 at 04:02 PM.
Quote from Curb71 :
I brought in a cashier's check from another bank.
I used my own info

I wish I had a branch next to me. Many of my troubles might not have occurred. i would have had a POC to talk to in person when my account was flagged. Since I do not have a local bank, my account reviews are done by a distant location that I can not contact directly. today, someone hinted that my account might have been closed bc they couldn't verify a business under my name. That could be the case, but I wish there was someone to provide some clear answers.
Reply
Last edited by dcnorm29 August 9, 2023 at 04:04 PM.
Joined Nov 2007
L2: Beginner
> bubble2 84 Posts
33 Reputation
DrkandTwsty
08-09-2023 at 04:41 PM.
08-09-2023 at 04:41 PM.
Got my $500 bonus yesterday.

Opened account 5/11 with $500
Transferred $1,500 from my Chase on 5/22
Transferred $4,000 from USAA on 6/5 (Yes, I know more than needed, but I needed it all in one place to pay off a CC)

7/10 was 60 days
8/8 Received $500 bonus
Reply
Joined Nov 2012
L2: Beginner
> bubble2 29 Posts
10 Reputation
dcnorm29
08-09-2023 at 06:02 PM.
08-09-2023 at 06:02 PM.
Quote from DrkandTwsty :
Got my $500 bonus yesterday.

Opened account 5/11 with $500
Transferred $1,500 from my Chase on 5/22
Transferred $4,000 from USAA on 6/5 (Yes, I know more than needed, but I needed it all in one place to pay off a CC)

7/10 was 60 days
8/8 Received $500 bonus

Did you use US Bank app to pull the money from Chase and USAA? Or did you use USAA and Chase app to push money to US Bank? Is US Bank local to you?
Reply
Joined Jul 2016
L2: Beginner
> bubble2 81 Posts
captaincaptive
08-09-2023 at 11:32 PM.
08-09-2023 at 11:32 PM.
I am not a fan of US Bank and its product offering. After US Bank bought Union Bank in May, my Union Bank checking account got converted and it no longer had a no-fee on out-of-network ATMs. So I closed the account. I am not going to open an account just for the promo when I already know I don't like the product.
Reply

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Joined May 2020
L3: Novice
> bubble2 240 Posts
58 Reputation
camar0rs
08-10-2023 at 07:28 AM.
08-10-2023 at 07:28 AM.
is there any restrictions on pulling all funds from account? I didnt see any.... bonus took ~70days for me to show up
Reply
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