US Bank $300 Bonus

Update: The offer is down to $300 and valid through July 31, 2023 with promo code 23NBA04. However the terms indicate that, “this offer is valid for the intended recipient only and is not transferable. Restrictions may apply. Address on new account must match address on the mail piece to be eligible for the bonus. Promotion code may only be used once. Bonus will not be paid if promotion code is retrieved by unintended recipient or if promotion code is retrieved from a deals website.”

US Bank is offering a bonus of up to $600 for new customers who open a checking account. There is a direct deposit requirement for this bonus. You can open the accounts at a branch, online or over the phone. But you need to be in US Bank’s footprint to do so. It is available in most states though. Check out the details of this offer below.

Offer

To earn up to $600, open a Bank Smartly® Checking account with promo code 2023MAR with an opening deposit of $25. Then complete the following activities within 90 days:

• Enroll in the U.S. Bank Mobile App or online banking.
• Complete two or more direct deposits.

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

• $200 bonus when your direct deposits total $3,000 to $5,999.99.
• $400 bonus when your direct deposits total $6,000 to $9,999.99.
• $600 bonus when your direct deposits total $10,000 or more.

A direct deposit is an electronic deposit of your paycheck or government benefits, such as Social Security, from your employer or the government. Other electronic deposits or person-to-person payments are not considered a direct deposit. 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. Bonus will be reported as interest earned on IRS form 1099-INT and recipient is responsible for any applicable taxes.

Eligibility

• Offer is available almost nationwide. You must be in a state where they have physical branches.
• 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 year(s), or received other U.S. Bank bonus offers within the past two year(s).
• Current US Bank employees are not eligible.

Fees

Members of the military (requires self disclosure) and customers ages 24 and under and those 65 and over pay no monthly maintenance fee. All others can have the $6.95 fee waived by meeting any one of the following criteria:

• Have combined monthly direct deposits totaling $1,000 or more; or
• keep a minimum average account balance of $1,500 or more; or
• hold an eligible U.S. Bank credit card; or
• qualify for one of the four Smart Rewards™ tiers (Primary, Plus, Premium or Pinnacle).

Guru’s Wrap-Up

This is a big bank bonus, but you also need to complete direct deposits of a considerable amount. For the maximum bonus of $600 you need to have direct deposits totaling $10,000 or more.

The offer is available in states that have US Bank branches. But even if you’re not in one of those states, you can probably open an account if you have an existing relationship.

Bank bonuses are a great way to earn some extra income, often from the comfort of your home. You can take a look at my bank bonus results for 2022 where I made over $6,000. 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.

Offer Details

• OFFER PAGE
• Promo Code: 2023MAR
• Bonus: $600
• Account Type: SmartlyChecking
• Availability: Nationwide (only states that have US Bank branches)
• Inquiry Type: Soft pull
• Opening Deposit Credit Card Funding: Up to $250
• Direct Deposit Requirement: Two direct deposits that total $6,000 or more (see what works)
• Other Requirements: Enroll in online banking or mobile app. $25K balance for savings bonus.
• Monthly Fee: $6.95 (can be waived)
• Closing Account Fee: None
• Expiration Date: 4/11/23

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