US Bank $500 Bonus for Checking/Savings

This offer has expired. See the full list of available bank bonuses here.

US Bank $500 Bonus for Checking/Savings

US Bank is offering a $500 bonus for new customers that open a checking and savings account. This US Bank bonus is available online and nationwide, as long as you have a branch nearby. We’ll take a look at the details of the offer below, and also check if you are eligible.

Offer

Earn a bonus of up to $500 when you open new eligible U.S. Bank checking and savings accounts and complete required activities. Offer valid November 5 through December 14, 2020. Here’s how it works:

Earn up to a $400 bonus when you open a new checking account with eStatements by December 18, 2020.
- Receive recurring direct deposits at twice within 60 days of account opening. Bonus varies on total amount of direct deposits:
  - $1,000-$1,999.99 to earn $100;
  - $2,000-$4,999.99 to earn $200;
  - $4,000 or more to earn $400 (could be a typo, maybe $5,000)
Earn up to a $100 bonus when you open a new savings account. Bonus varies on amount that you deposit by December 21 and maintain it through June 21, 2021:
- Make deposit(s) of $2,500 to $4,999.99 to earn $50
- Make deposit(s) of $5,000 to earn $100

Eligibility

Available nationwide
Offer is not valid if you or any signer on the account has an existing US Bank consumer checking account, had a US Bank consumer checking account in the last six months, or received other US Bank bonus offers within the past 12 months.
Limit one checking and one savings bonus per household.

Fees

Easy Checking has a $6.95 monthly fee that is waived with:

Combined monthly direct deposits totaling $1000 or more, OR
Average account balance of $1,500, OR
Age 65+

Standard Savings Account has a $4 monthly maintenance fee that is waived with one of the following:

$300 minimum daily ledger balance
$1,000 average monthly collected balance
Account holder(s) under age 18

No early account termination fee

Guru’s Wrap-Up

This is a great bonus that should be available to most people. You can get a total of $350 by opening a new Checking and Savings account at US Bank. For the $300 checking bonus you need two direct deposits that total a minimum of $2,000 and also must enroll in eStatements. For the $50 savings bonus you need to deposit $2,000 and maintain that balance through November 30, 2020.

If this bonus is not for you, then you can check our full list of available bank bonuses. And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.