US Bank Checking Account Bonus

$400 US Bank Checking Account Bonus

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    US Bank Bonus Updates

    Update on January 4, 2023 – US Bank is now offering a $200 or $400 bonus , valid till February 7, 2023. New  offer code is 2023JAN. This is a reduced offer, from $300 and $500 bonus. Besides, US Bank is offering a $600 US Bank Checking Savings Bonus

    Update on November 21, 2022 – Bonus has now been extended till December 31, 2022. The new offer code is JL12H74.

    US Bank

    US Bank is offering up to $500 bonus when you open their new Smartly Checking Account, enroll in online banking or US Bank Mobile app, and receive at least two direct deposits totaling within 60 days of account opening. The offer is valid both online as well as at US Bank branches.

    Your bonus amount is determined by the total amount of direct deposits:

    • Earn $300 when your direct deposits total $3,000 to $5,999.
    • Earn $500 when your direct deposits total $6,000 or more.

    Smartly Checking Account is a new offering from US Bank. Previously, they use to offer Platinum Checking, Gold Checking and Easy Checking. They market Smartly Checking account as a smarter way to bank with $0 monthly fees (with required activities), $0 overdraft fees, and $0 ATM fees.

    US Bank Checking Account Bonus Summary

    Bonus – $300 or $500

    Account – Smartly Checking Account

    Direct Deposit – Yes, 2 DDs within 60 days, of at least $3,000

    Availability – Nationwide (Online & at US bank branches)

    Offer Expiry – December 31, 2022

    Account Fees – $6.95  monthly (Waivable – see below on how to avoid it)

    Link for the Offer

    Checking Bonus Requirements

    1. Open a new account using the link. Use the code – “JL12H74
    2. Deposit $25 to open the account
    3. Enroll in online banking or the US Bank mobile app.
    4. Get at least two qualifying direct deposit within 60 days of account opening totaling
      1. at least $3000  for $300 bonus, OR
      2. at least $6,000 for $500 bonus

    BonusCoach’s List of Best Bank Account Bonus

    Checking Account Fees | How to Avoid It?

    US Bank Smartly Checking – $6.95 monthly. To avoid it:

    • Be a member of the military or be under the age of 24 or over the age of 65. OR
    • Have combined direct deposits worth $1,000 or more each month. OR
    • Keep a minimum average account balance of $1,500 or more.

    Early Account Termination Fees

    There is no mention of early termination fees. Bonus would be deposited within 60 days after direct deposits verification and the account has to be in good standing.

    The Fine Print

    1. A minimum deposit of $25 is required to open a U.S. Bank consumer checking account.
    2. Earn a $300 or $500 bonus by opening a new U.S. Bank Smartly™ Checking account (excluding Safe Debit Account) from October 11 through and including November 21, 2022.

    3. The checking account can be opened in a branch, online or over the phone. Additionally, you must enroll in online banking or the U.S. Bank Mobile App within 60 days of opening your account.

    4. You must also complete two or more direct deposits within 60 days of opening your account that total: $3,000 to $5,999 to earn the $300 bonus, or $6,000 or more to earn the $500 bonus.

    5.  The checking bonus will be deposited into your new checking account within 60 days of direct deposit verification and verification of enrollment in online banking or the U.S. Bank Mobile App as long as your account is open and has a positive balance.

    6. Bonus will be reported as interest earned on IRS form 1099-INT and recipient is responsible for any applicable taxes.

    7. Offer may not be combined with any other checking account bonus offers. Offer is not valid if you or any signer on the account has an existing U.S. Bank consumer checking account, had a U.S. Bank consumer checking account in the last two years, or received other U.S. Bank bonus offers within the past two years.

    8. You must use the promotion code listed on this offer when you apply.

    Final Thoughts

    US Bank had offered $400 recently but has now increased its signup bonus to $500 to promote the launch of its Smartly Checking Account. We have seen US Bank offer $500 in the past but was for very limited time and was reduced to $400 or $300. So we recommend to take advantage of this offer asap. Although the requirement for $500 bonus is steep, it is still achievable within 60 days for most. We also like the fact that one can still get $300 bonus with $3,000 direct deposit.  

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