Updated November 1, 2023

US Bank Business Checking Bonus

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Boost your business with a U.S. Bank Business Checking bonus. Learn how to make the most out of this offer.

US Bank offers limited-time bonuses when you open a new business checking account with them.

Learn how to qualify for their business checking bonuses and help get your business off to a good start.

What Is a U.S. Bank Business Checking Bonus?

U.S. Bank typically offers business checking bonuses for all 3 of their business checking accounts: Silver, Gold, and Platinum. It can be a tiered bonus where you can earn more with a larger deposit (though not always).

The requirements are usually quite reasonable, so it's a great option if you're in the market for a new business checking account.

As a business owner, you can use this bonus to boost your cash flow, offset banking fees, or even grow your business.

What would be your primary reason for utilizing a U.S. Bank Business Checking bonus?

U.S. Bank is one of the largest financial institutions in the US, with over 2,000+ branches in 26 states.[1] It offers personal and business banking, wealth management, mortgage, loans, and credit cards, serving millions of customers nationwide.

How to Claim the Bonus

Here's how to earn a U.S. Bank Business Checking bonus (note that the terms and conditions may be specific to a limited-time promotion):

  1. Open a Silver, Gold, or Platinum U.S. Bank Business Checking account using the given promo code.

  2. Deposit the required amount within 30 days of account opening, including an initial deposit of $100.

  3. Maintain this balance for 60 days from the opening date.

  4. Enroll in US Bank business online banking or the U.S. Bank Mobile App within 60 days of account opening.

  5. U.S. Bank will deposit your checking bonus into your new account within 45 days of meeting the requirements, as long as your account is open and has a positive balance.

How to Open a U.S. Bank Business Checking Account

  1. Start your application using the links provided, so the promo code will be applied.

  2. Fill out the form by providing basic personal information (name, SSN or EIN, email and phone number, including those of co-owners with a minimum of 25% company ownership).

  3. Make an initial deposit of $100.

You may also be asked to upload documents for your business, so make sure to have them ready. This could include:

  • Articles of Organization (for LLCs)
  • Articles of Incorporation (for corporations)
  • Partnership Agreement (for partnerships)
  • DBA certificate

Fine Print

  • You must deposit new money. New money means your fund source should be outside U.S. Bank or its affiliates.

    For example, you cannot fund your newly opened U.S. Bank Business Checking account by simply transferring money from a savings account you already have with U.S. Bank. Instead, here are ways you can introduce new money to your account:
    • Direct deposit
    • ACH or wire transfer from an external account
    • ATM/branch cash deposit
    • Mobile check deposit

  • Offer is not valid for existing U.S. Bank Business Checking account clients, or if you or any signer had a U.S. Bank Business Checking account in the last 24 months.

  • There is limit of one Business Checking bonus per business.

  • Offer may not be combined with any other business checking account bonus offers.

  • Your bonus is considered taxable income, and will be reported as interest earned on IRS Form 1099-INT.

Can I close the U.S. Bank account after earning my bonus?
Yes, you can close your U.S. Bank account after your bonus payout, provided you have kept it open for at least 60 days. Note, however, that account closures are recorded in your ChexSystems report and may impact your perceived banking behavior when opening bank accounts in the future.

U.S. Bank Business Checking Accounts

U.S. Bank offers 3 business checking accounts: Silver, Gold, and Platinum. Below is a quick overview of these accounts.

SilverGoldPlatinum
Monthly fee$0$20$30
Average collected balance to waive fee$0$10,000$25,000
Free monthly transactions125300500
Free cash deposits per month$2,500 or 25 items (whichever comes first)$10,000 or 100 items (whichever comes first)$20,000 or 200 items (whichever comes first)

Silver Business Checking
This is U.S. Bank's basic business checking account. It has $0 monthly fee and no balance requirements, so it's ideal for new or small businesses.

Gold Business Checking
This is U.S. Bank's mid-tier business checking account. There is a $20 monthly fee that can be waived with:

  • U.S. Bank Payment Solutions Merchant Account
  • An average collected balance of $10,000 or an average collected checking balance on interest-bearing option of $25,000, OR
  • A combined average collected business deposit balances of $20,000 or a combined average collected balance on interest-bearing option of $50,000, OR
  • A combined average collected business deposits and outstanding credit balances of $50,000
  • A combined business deposit and outstanding business credit of $75,000

Platinum Business Checking
This is U.S. Bank's premium business checking account designed for those with heavy banking needs and larger balances. The $30 monthly fee can be waived with:

  • An average collected balance of $25,000, OR
  • A combined average collected business deposits and outstanding credit balances of $75,000

To sum up, U.S. Bank Business Checking offers accounts that cater to businesses of all sizes.

Should I open a separate checking account for my business?
Yes, it is highly recommended to get a separate business checking to protect you and your business. It establishes a clear separation between your personal and business assets, which can be crucial if your business is sued or get into debt.

U.S. Business Checking Account Bonus Alternatives

Bottom Line

U.S. Bank Business checking bonuses are usually limited-time offers, so grab one if you have your eye on something. They're an enticing opportunity for business owners to not only meet their banking needs but also gain additional financial benefits.

By taking advantage of bonus opportunities, you can maximize your benefits and help propel your business forward with confidence.

References

  1. ^ US Bank. About Us, Retrieved: 9/9/23
Chase
Member FDIC

Chase Total Checking® - $300 Bonus

Expires 4/17/2024
  • New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities
  • Access to more than 15,000 Chase ATMs and more than 4,700 branches
  • Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
  • JPMorgan Chase Bank, N.A. Member FDIC
  • Open your account online now
  • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
  • Chase Overdraft Assist℠ - no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
Bank of America
Member FDIC

Bank of America Advantage Banking - $200 Bonus Offer

Expires 5/31/2024
  • The $200 bonus offer is an online only offer and must be opened through the Bank of America promotional page.
  • The offer is for new checking customers only.
  • Offer expires 5/31/2024.
  • To qualify, open a Bank of America Advantage Banking account through the promotional page and set up and receive qualifying direct deposits totaling $2,000 or more into that new account within 90 days of opening.
  • Bank of America will attempt to pay bonus within 60 days.
  • Additional terms and conditions apply. See offer page for more details.
  • Bank of America, N.A. Member FDIC.
Citibank
Member FDIC

Enhanced Direct Deposit - Earn $300 Cash Bonus

Earn $300 cash bonus when you open a new eligible checking account with Enhanced Direct Deposit and complete required activities. Member FDIC

  • Open a new eligible Citi Checking account with Enhanced Direct Deposits
  • Deposit at least two Enhanced Direct Deposits directly into your new checking account within 90 calendar days from account opening.
  • Your total combined Enhanced Direct Deposit must equal $1,500 or more.
  • Earn a $300 cash bonus. Your cash bonus will be deposited to your open, eligible checking account within 30 calendar days after required activities have been completed.
BMO Bank
Member FDIC

BMO Smart Advantage Checking - $250 Cash Bonus

Expires 5/3/2024

Open a new BMO Smart Advantage Checking account and get a $250 cash bonus when you have a cumulative total of $4,000 in qualifying direct deposits within 90 days of account opening. Offer is limited to one per customer and is not available for existing BMO personal checking customers (including signers on joint accounts) or those who have closed a BMO personal checking account within the past 12 months. Conditions apply.

Discover Bank
Member FDIC

Discover® Online Savings - $200 Cash Bonus

Expires 3/14/2024

To get your $150 or $200 Bonus: What to do: Apply for your first Discover Online Savings Account, online, in the Discover App or by phone. Enter Offer Code CY124 when applying. Deposit into your account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Deposit must be posted to account within 30 days of account open date. Maximum bonus eligibility is $200.

What to know: Offer not valid for existing or prior Discover savings customers or existing or prior customers with savings accounts that are co-branded, or affinity accounts provided by Discover. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of the account qualifying for the bonus. Bonus is interest and subject to reporting on Form 1099-INT. Offer ends 03/14/24, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.

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Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.

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