U.S. Bank is currently offering some of the best promotions for new checking and savings accounts. To see if you qualify, check out the details below.
U.S. Bank Smartly® Checking Bonus: Earn $450 with $7,500 or more direct deposit
Ratings Methodology
Rates asof Sep 13, 2024
U.S. Bank Smartly® Checking
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Member FDIC.
Rating image, 3.50 out of 5 stars.
3.50/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Rating image, 3.50 out of 5 stars.
3.50/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Read Review
APY
Undisclosed
Min. To Earn APY
$0.01
- Overdraft protection tools and Overdraft Fee Forgiveness program
- Opportunity to earn account welcome bonus
- Wide variety of account tools
- Zero fraud liability
- Award-winning app
- Fee waiver requirements
- Account APY undisclosed
U.S. Bank is the fifth-largest bank in the U.S. in terms of assets. With its Smartly checking account you can earn special benefits when you enroll in the Smart Rewards™ program. With its digital security coverage, you are not liable for unauthorized transactions that are initiated online at usbank.com or through the U.S. Bank Mobile App as long as you let it know right away.
The monthly maintenance fee can be waived for customers who meet certain criteria. U.S. Bank also provides security alerts, personalized financial insights, and financial goal setting through its award-winning app.
How you earn it:
- Open a U.S. Bank Smartly® Checking account by Sept. 26, 2024, with $25. You must open this account online on the U.S. Bank offer page or use promo code 2024JUL on your account application.
- Enroll in online banking or download the U.S. Bank app. You must do this sometime within the first 90 days.
- Make at least two eligible direct deposits within the first 90 days. Your bonus will depend on the combined total of your direct deposits.
- Earn $250 with total direct deposits between $2,000 and $4,999.99
- Earn $350 with total direct deposits between $5,000 and $7,999.99
- Earn $450 with total direct deposits of $8,000 or more
4. Receive your bonus. The bonus will be credited to your account within 60 days of meeting the offer requirements.
How you qualify: Use promo code 2024JUL on your application page. Plus, you cannot currently have a U.S. Bank personal checking account, nor have had one in the last two years. This also applies to anyone listed on the account, like a spouse.
Finally, your account must still be open with a positive balance at the time when the bonus is deposited.
Where to open an account: Online, in a U.S. Bank branch, or over the phone.
Monthly fees: $6.95, which can be waived through one of the following:
- Maintain an average account balance of $1,500 or more
- Have combined monthly direct deposits totaling at least $1,000
- Have a qualifying U.S. Bank personal credit card that's in good standing
- Be 24 or younger or 65 or older
- Be a member of the military
Offer expires: After Sept. 26, 2024.
Platinum and Silver Business Checking Accounts: Earn up to $300 or $800
Ratings Methodology
Rates asof Sep 13, 2024
U.S. Bank Silver Business Checking
Open Account for U.S. Bank Silver Business Checking
OnU.S. Bank'sSecure Website.
Member FDIC.
Rating image, 4.00 out of 5 stars.
4.00/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Rating image, 4.00 out of 5 stars.
4.00/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Open Account for U.S. Bank Silver Business Checking
OnU.S. Bank'sSecure Website.
Special Offer
Earn up to a $800 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q3AFL24 and complete qualifying activities, subject to certain terms and limitations. Offer valid through September 30, 2024. Member FDIC.
APY
0%
Min. To Earn APY
N/A
- No monthly fees
- 125 free monthly transactions
- Discounted checks
- Low minimum deposit
- Large branch and ATM network
- Card payment processing and cash management services available
- Not interest-bearing
- Can be costly for businesses with high transaction volumes
- Transaction limits
The U.S. Bank Silver Business Checking account is a good fit for small business owners who aren't ready to pay for a business checking account. Its feature list may not be as robust as some of its competitors, but it comes with all the tools you need to manage your funds as well as a decent number of free monthly transactions.
Read Full Review
U.S. Bank Platinum Business Checking
Open Account for U.S. Bank Platinum Business Checking
OnU.S. Bank'sSecure Website.
Member FDIC.
Open Account for U.S. Bank Platinum Business Checking
OnU.S. Bank'sSecure Website.
Special Offer
Earn up to a $800 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q3AFL24 and complete qualifying activities, subject to certain terms and limitations. Offer valid through September 30, 2024. Member FDIC.
APY
0%
Min. To Earn APY
N/A
- Monthly maintenance fee is waivable
- 500 free transactions per month
- $20,000 in free cash deposits per statement cycle, or 200 free cash transactions, whichever comes first
- 50% discount on first check order with Deluxe, up to $100
- Free mobile check deposit
- Monthly maintenance fee applies if not waived
- Not interest bearing
- Free monthly transaction and cash deposit limitations
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How you earn it:
- Open a U.S. Bank Silver Business Checking or U.S. Bank Platinum Business Checking account by Sept. 16, 2024. If you're opening an account online, use promo code "Q3BUS24."
- Deposit at least $5,000 or $30,000 in new money within 30 days. You'll get a $300 bonus when you deposit $5,000 in a U.S. Bank Silver Business Checking account and $800 bonus when you deposit $30,000 in a U.S. Bank Platinum Business Checking account.
- Maintain that balance for at least 60 days after opening your account.
- Receive your bonus. U.S. Bank will deposit your bonus into your account within 30 days after satisfying the criteria.
How you qualify: You cannot currently have a U.S. Bank Business Checking account, nor have had one in the last 12 months.
Where to open an account: Online, in person, or over the phone.
Monthly fees: The U.S. Bank Silver Business Checking account does not have a monthly fee. Meanwhile, a U.S. Bank Platinum Business Checking account has a $30 fee that's waivable by maintaining $25,000 in your account or having $75,000 in combined average collected business deposits and outstanding credit.
Offer expires: After Sept. 16, 2024.
EXPIRED: U.S. Bank Standard Savings Account Bonus: Earn $100 with $15,000 deposit
Ratings Methodology
Rates asof Sep 13, 2024
U.S. Bank Standard Savings Account
Read Review
Member FDIC.
Rating image, 2.50 out of 5 stars.
2.50/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Rating image, 2.50 out of 5 stars.
2.50/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor
Read Review
APY
0.01% (as of 3/24/2023)
Min. To Earn APY
$25
- Monthly fee can be waived
- Low minimum
- Great digital banking platforms
- Large branch and ATM network
- Monthly maintenance fee
- Very low interest rate
- No ATM reimbursem*nt
The U.S. Bank Standard Savings Account is a great choice for savers who are more concerned with ease of access and a top-notch digital banking experience than maximizing the interest earned in their account.
Earn $100 with a new U.S. Bank Standard Savings Account.
- Make new money deposit(s) totaling $15,000 or more by July 31, 2024
- Maintain that balance until Oct. 31, 2024
How you earn it:
- Open a U.S. Bank Standard Savings Account with a $25 deposit by July 15, 2024. You must open this account online on the U.S. Bank offer page or use promo code 24WEB06 on your account application.
- Deposit $15,000 or more in new money by July 31, 2024. It has to be new money, or funds that are not currently held within a U.S. Bank account.
- Maintain that total account balance until Oct. 31, 2024. Be careful of fees: If your account is reduced by any fees, you'll need to add money to keep your balance at or above $15,000.
- Receive your bonus. The bonus will be credited to your account within 30 days after the requirements are satisfied.
How you qualify: Like the U.S. Bank Smartly® Checking account, you must use promo code 24WEB06. In addition, you cannot already have a U.S. Bank Standard Savings Account, nor have had one in the last six months. You also won't be eligible if you got a bonus from a U.S. Bank savings account or money market account in the last 12 months.
Where to open an account: Online, in person, or over the phone.
Monthly fees: $4 maintenance fee, which can be waived in the following ways:
- Keep a daily balance of $300
- Maintain an average balance of $1,000 or higher for the month
- Have an account holder who is age 17 or younger
- Open a U.S. Bank Smartly® Checking account and enroll in Smart Rewards®
Offer expires: After July 15 2024.
What else should you know about U.S. Bank bonuses?
The biggest thing to keep in mind is account fees. Most of the accounts listed above have a monthly fee, along with options to waive it. As long as you meet the criteria to waive the fee, you'll have nothing to worry about. However, if fee waivers are a hassle, you might be better off looking at free checking or savings accounts.
U.S. Bank currently offers some of the most competitive bonuses for its checking accounts. While other banks offer $200 to $400 as welcome bonuses for new customers, U.S. Bank will give you up to $450 for U.S. Bank Smartly® Checking.
That said, the criteria aren't exactly low (you need at least $8,000 in direct deposits). If you can't satisfy the requirements, you might be better off looking at other bank bonuses.
Compare savings rates
Make sure you're getting the best account for you by comparing savings rates and promotions. Here are some of our favorite high-yield savings accounts to consider.
| Account | APY | Promotion | Next Steps |
|---|---|---|---|
Open Account for SoFi Checking and Savings OnSoFi'sSecure Website. Member FDIC. Rating image, 4.50 out of 5 stars. 4.50/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. | up to 4.50%² Rate infoYou can earn the maximum APY by having Direct Deposit (no minimum amount required) or by making $5,000 or more in Qualifying Deposits every 30 days. See SoFi Checking and Savings rate sheet at: https://www.sofi.com/legal/banking-rate-sheet.Min. to earn: $0 | New customers can earn up to a $300 bonus with qualifying direct deposits!¹ | Open Account for SoFi Checking and Savings OnSoFi'sSecure Website. |
Open Account for CIT Platinum Savings OnCIT'sSecure Website. Member FDIC. Rating image, 4.50 out of 5 stars. 4.50/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. | 4.85% APY for balances of $5,000 or more Rate info4.85% APY for balances of $5,000 or more; otherwise, 0.25% APYMin. to earn: $100 to open account, $5,000 for max APY | N/A | Open Account for CIT Platinum Savings OnCIT'sSecure Website. |
Open Account for Capital One 360 Performance Savings OnCapital One'sSecure Website. Member FDIC. Rating image, 4.50 out of 5 stars. 4.50/5Our ratings are based on a 5 star scale.5 stars equals Best.4 stars equals Excellent.3 stars equals Good.2 stars equals Fair.1 star equals Poor.We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. | 4.25% Rate infoSee Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY)is variable and accurate as of April 11, 2024. Rates are subject to change at any time before or after account opening.Min. to earn: $0 | N/A | Open Account for Capital One 360 Performance Savings OnCapital One'sSecure Website. |
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Our methodology for scoring banks and credit unions revolves around evaluating key aspects such as annual percentage yield (APY), brand reputation, fees and minimum requirements, and additional perks.
These criteria are weighted differently across various account types, ensuring a comprehensive assessment that reflects the competitive landscape and economic conditions.
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FAQs
Yes, bank bonuses are considered taxable income, so it's wise to set some of your bonus aside for taxes. During tax season, U.S. Bank will likely send you a 1099-INT form, which you can use to report your interest income on your taxes.
Yes, as long as you're considered a new account holder, you can qualify for multiple promotions. For example, if you open a U.S. Bank Smartly® Checking and U.S. Bank Silver Business Checking account at the same time, you could technically earn $750 by meeting all the criteria.
