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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
366,985 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
366,985 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 Aug 2018
L3: Novice
> bubble2 111 Posts
14 Reputation
OrangeGuide9558
08-30-2023 at 05:00 PM.
08-30-2023 at 05:00 PM.
Quote from iBoo :
All these negative comments. The actual holding period is 30 days if you can get the initial funding on the 30th day. Then you hold from 30 to 60 days


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)

Did you receive the bonus after 60 days of depositing?
Reply
Joined May 2017
L2: Beginner
> bubble2 47 Posts
60 Reputation
dklein93
08-30-2023 at 05:04 PM.
08-30-2023 at 05:04 PM.
Signed up for this bonus. Everything was fine until they froze my account. I could not login for nearly two months. They froze it shortly after I opened it, so I could not deposit sufficient funds to meet the $5K minimum. So not only was I unable to participate in the bonus, I was unable to access my money for over two months. I reported this to CFPB. They dragged their feet. After multiple calls to customer service, I finally found out that they are sending out a cashier's check.

Do not take the risk with this bank.
1
Reply
Joined Jun 2006
Wow Amazing Slick Deal
> bubble2 1,410 Posts
71 Reputation
mcali786
08-30-2023 at 10:14 PM.
08-30-2023 at 10:14 PM.
Quote from dklein93 :
Signed up for this bonus. Everything was fine until they froze my account. I could not login for nearly two months. They froze it shortly after I opened it, so I could not deposit sufficient funds to meet the $5K minimum. So not only was I unable to participate in the bonus, I was unable to access my money for over two months. I reported this to CFPB. They dragged their feet. After multiple calls to customer service, I finally found out that they are sending out a cashier's check.

Do not take the risk with this bank.
Dang, I read some of the above posts, why is US Bank like this? Is this related to some issues when signing up with verification or ID/etc? Some users above report getting this setup and getting bonus.

I guess better to leave it, don't want to hassle with all these issues;
Reply
Joined Jun 2006
Wow Amazing Slick Deal
> bubble2 1,410 Posts
71 Reputation
mcali786
08-30-2023 at 10:23 PM.
08-30-2023 at 10:23 PM.
Last day to signup but I suppose no way this will let you signup/fulfill requirements if anyone thinks its worth trying
Reply
Joined May 2017
L2: Beginner
> bubble2 47 Posts
60 Reputation
dklein93
08-31-2023 at 04:22 AM.
08-31-2023 at 04:22 AM.
Quote from mcali786 :
Dang, I read some of the above posts, why is US Bank like this? Is this related to some issues when signing up with verification or ID/etc? Some users above report getting this setup and getting bonus.

I guess better to leave it, don't want to hassle with all these issues;
Unsure. My account was plain vanilla. I made a single deposit and they flagged it as "suspicious activity". It then took them about a month for my account to go from "headed to closure" to actually closing. No interest accumulated. They got free money for a month.

US Bank was recently downgraded too by Moody's. Not sure if they are leveraging unorthodox, and perhaps illegal, ways to maintain capital levels, but avoid this bank. Horrible experience.
Reply
Joined Jun 2006
Wow Amazing Slick Deal
> bubble2 1,410 Posts
71 Reputation
mcali786
08-31-2023 at 12:01 PM.
08-31-2023 at 12:01 PM.
Quote from dklein93 :
Unsure. My account was plain vanilla. I made a single deposit and they flagged it as "suspicious activity". It then took them about a month for my account to go from "headed to closure" to actually closing. No interest accumulated. They got free money for a month.

US Bank was recently downgraded too by Moody's. Not sure if they are leveraging unorthodox, and perhaps illegal, ways to maintain capital levels, but avoid this bank. Horrible experience.
Thank you, yeah not going to touch this then. Moodys rating downgrade isnt good.
Reply
Joined Dec 2007
L5: Journeyman
> bubble2 841 Posts
95 Reputation
mickey75
08-31-2023 at 04:01 PM.
08-31-2023 at 04:01 PM.
Quote from desitoyota :
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:
https://www.usbank.com/affiliate/...nus-a.html
WORST Bank Ever! Avoid having headache.
Reply

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Joined Mar 2012
I'm not cheap. I'm thrif
> bubble2 140 Posts
34 Reputation
hustle86
08-31-2023 at 08:22 PM.
08-31-2023 at 08:22 PM.
Quote from ms123 :
I opened my account Feb/10, funded a few days later with my other bank account.
Got bonus May/08 as "Adjusted interest". So roughly 90 days it seems.


They also charged $6 service fee during this time, which is because of paper statements.
Literally just opened a silver account. Immediately went into the profile and chose digital for all paperwork. Hoping to avoid this fee.

Their website is the slowest/clunkiest of all the banking sites I've ever used, which is 10 or so over the years.
Reply
Joined Aug 2007
L6: Expert
> bubble2 1,696 Posts
124 Reputation
Jons
09-01-2023 at 10:46 AM.
09-01-2023 at 10:46 AM.
is this still valid?
Reply
Joined Jan 2007
L4: Apprentice
> bubble2 413 Posts
23 Reputation
superDaddy
09-01-2023 at 05:48 PM.
09-01-2023 at 05:48 PM.
I also got hit by the $6 service fee Smilie nothing but trick and full of tricks Smilie
Reply
Joined Jul 2023
L2: Beginner
> bubble2 36 Posts
26 Reputation
OrangePickle8757
09-01-2023 at 06:01 PM.
09-01-2023 at 06:01 PM.
Quote from Jons :
is this still valid?

search usbank promo. it is still available with new code.
Reply
Joined Apr 2012
L3: Novice
> bubble2 222 Posts
155 Reputation
toneoh30
09-02-2023 at 09:50 PM.
09-02-2023 at 09:50 PM.
It's been about 75 days for me and still no bonus. I'll probably wait another week or 2 but will probably close my personal and business account after this.
Reply
Joined Jun 2008
L3: Novice
> bubble2 148 Posts
24 Reputation
jesusXchrist
09-05-2023 at 03:21 PM.
09-05-2023 at 03:21 PM.
bait and switch… checked my account and they charged me a $6 on day 50 and speaking with them and they said there's nothing I can do since the fee brought my balance below the $5,000 threshold. What a scam!
Reply
Joined Jun 2008
L3: Novice
> bubble2 148 Posts
24 Reputation
jesusXchrist
09-05-2023 at 03:37 PM.
09-05-2023 at 03:37 PM.
I'm going to file small claims against them. F them.
Reply

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Joined Jul 2014
L9: Master
> bubble2 5,619 Posts
472 Reputation
FHRITP
09-05-2023 at 04:13 PM.
09-05-2023 at 04:13 PM.
Quote from jesusXchrist :
bait and switch… checked my account and they charged me a $6 on day 50 and speaking with them and they said there's nothing I can do since the fee brought my balance below the $5,000 threshold. What a scam!

Lol. Epic
1
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