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U.S. Bank: Earn up to $900 When You Open a Business Checking and Complete Qualifying Activities

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U.S. Bank offers up to a $900 bonus when you Open an Eligible Business Checking Account using promo code Q4AFL24 and make a deposit Totaling $5,000+ or $30,000+ within 30 days of opening your account. Must maintain your balance for 60 days after the account opening to earn your bonus. Offer valid through January 15, 2025. Member FDIC.

Offer Instructions:
  • Promo code Q4AFL24 MUST be used when opening a U.S. Bank Silver, Platinum, or Business Essentials (Available in AZ, NV, CO, NM, OH, IN, KY and TN) Business Checking account. Limit of one Business Checking bonus per business.
    • A $100 minimum deposit is required to open one of the referenced accounts.

Earn your $400 when you deposit at least $5,000
  • Earn up to $400 Business Checking bonus by opening a new U.S. Bank Silver Business Checking or Business Essentials (not available in all markets) account between 10/1/2024 and 1/15/2025. You must make deposit(s) of at least $5,000 in new money within 30 days of account opening and thereafter maintain a daily balance of at least $5,000 until the 60th day after account opening.

Earn up to $900 when you deposit at least $30,000
  • Earn up to $900 Business Checking bonus by opening a new U.S. Bank Platinum Business Checking account between 10/01/2024 and 1/15/2025. You must make deposit(s) of at least $30,000 in new money within 30 days of account opening and thereafter maintain a daily balance of at least $30,000 until the 60th day after account opening.

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Created 10-11-2024 at 01:23 PM by EfficientGame645
in Finance (2) U.S. Bank - Bank Advertiser
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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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WolfTheCat
10-12-2024 at 05:24 AM.

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10-12-2024 at 05:24 AM.
Good rates of return here.

Getting $900/$30000 = 3% over three months - roughly a 12% annualized return.

$400/$5000 = 8%, for roughly a 32% rate of return.

I haven't examined the fee structure yet though.
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Lilyly
10-12-2024 at 05:25 AM.
10-12-2024 at 05:25 AM.
now we just need to open a new business and find $30k to deposit
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Catfish500
10-12-2024 at 05:44 AM.
10-12-2024 at 05:44 AM.
Quote from WolfTheCat :
Good rates of return here.

Getting $900/$30000 = 3% over three months - roughly a 12% annualized return.

$400/$5000 = 8%, for roughly a 32% rate of return.

I haven't examined the fee structure yet though.
Since you need only to have the money in the account for 60 days to 'earn' the 900 payment, would not the rate of return on $30,000 with a $900 payment be 18%, annualized, instead of 12%.
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WolfTheCat
10-12-2024 at 06:15 AM.
10-12-2024 at 06:15 AM.
Quote from Catfish500 :
Since you need only to have the money in the account for 60 days to 'earn' the 900 payment, would not the rate of return on $30,000 with a $900 payment be 18%, annualized, instead of 12%.

I always add an extra month to stay on the conservative side. They rarely pay immediately or start counting immediately.

I've never tried meeting the qualifications of a bank deal and pulling out before it's paid. That seems like asking for problems.
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Last edited by WolfTheCat October 12, 2024 at 06:30 AM.
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Aogen
10-12-2024 at 06:20 AM.
10-12-2024 at 06:20 AM.
I don't have a business. Can I just use my name and SSN.
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NavyMint1272
10-12-2024 at 07:43 AM.
10-12-2024 at 07:43 AM.
Quote from Aogen :
I don't have a business. Can I just use my name and SSN.
Yes.

I did this last year or the year before and trying to close the account was a pain. I also had trouble funding the account, might've been my bank though.
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Ehcuod
10-12-2024 at 08:58 AM.
10-12-2024 at 08:58 AM.
Avoid this at all costs!

I did this last year and they froze my account and wouldn't return the money. Had to get government agencies involved and emails to their entire C-suite to finally return the funds which took 3-4 months
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dester223
10-12-2024 at 09:11 AM.
10-12-2024 at 09:11 AM.
Just a FYI reply here.

Us bank doesn't really openly say they charge a fee to accept cash and most don't read the fine print.

So if you happen to deposit partial or all cash to this deal and leave the account balance on the edge.... it can dip below the 5 or 30k amount and they can deny your bonus.
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wtfbrowtf
10-12-2024 at 10:46 AM.
10-12-2024 at 10:46 AM.
no good in florida??
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huan
10-12-2024 at 11:44 AM.
10-12-2024 at 11:44 AM.
Stay away from US Bank, always!
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Ryuk
10-12-2024 at 03:12 PM.

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10-12-2024 at 03:12 PM.
This bank is so deceiving.

First I never got my bonus from opening checking bonus. I contacted CS and they said they will contact me back with a solution but never did.

Then thier credit card in pre-selected categories. it would show you the %5 pending cash back reward then at pay day it goes back to %1 with no explanation.

finally I received a mail bonus offer from this bank to spend a certain amount of money during a certain time with activation website. I follow through all the steps but the bonus never got rewarded.

This is the only bank that I dealt with who plays dirty with bonuses. Stay far away!
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WolfTheCat
10-13-2024 at 04:51 AM.
10-13-2024 at 04:51 AM.
Quote from Aogen :
I don't have a business. Can I just use my name and SSN.
Not sure, try it and find out.

If not, you can get an EIN (Employer Identification Number - basically a SSN for businesses) for free from the IRS website. Just make up a company name and register it as a sole proprietorship.

Disadvantage of that is that it becomes IRS record, and you may get mail from the IRS asking about who you have hired, looking for payroll taxes. So, some extra mail, but it's perfectly legal to have an EIN for a "planned" proprietorship that never becomes a real business, hires anyone, or has to pay taxes of any kind. You can just tell them you never opened the business, sold anything, or hired anyone.

This could also potentially (but I would not recommend) make the deal churnable, because it's one bonus, lifetime, per BUSINESS. You can get another EIN and fail-to-start another business. I wouldn't try that though without a new address or something to obfuscate it's the same folks, and transferring money in from a different source. US Bank would likely get very salty about churning the bonus this way.
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Last edited by WolfTheCat October 13, 2024 at 05:03 AM.
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TunaSandwich650
10-19-2024 at 10:58 PM.
10-19-2024 at 10:58 PM.
Does this apply to California ?
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force41
10-25-2024 at 07:07 PM.

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10-25-2024 at 07:07 PM.
Quote from WolfTheCat :
Disadvantage of that is that it becomes IRS record, and you may get mail from the IRS asking about who you have hired, looking for payroll taxes.
True. Plus then there is the questionable BOI report requirement with nasty penalties if you fail to file.

If you are a sole proprietor, it seems to me that one would be exempt, but the vagueness of some of it makes me uneasy.

Karlton Dennis: The Deadline to File BOI Reports Is FAST APPROACHING! [youtube.com]
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