US BANK $500 / $900 BUSINESS CHECKING BONUS
The Offer: Two-tiered bonus. There is a $900 bonus promotion for the Platinum Business Checking account. There is also a $500 bonus promotion for the Silver Business / Business Essentials checking accounts. Promo Code: Q1AFL25 must be used when opening the accounts. Offer expires March 31, 2025.
Eligibility: 1) States with local branches: Arizona, Arkansas, California, Colorado, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Minnesota, Missouri, Montana, Nebraska, Nevada, New Mexico, North Dakota, Ohio, Oregon, South Dakota, Tennessee, Utah, Washington, Wisconsin and Wyoming. 2) OOS residents with existing relationship. A US Bank credit card establishes relationship. Other Facebook Group members have reported that opening a CD (Certificate of Deposit) also established relationship.
Tier 1 ($900 Bonus)
Step 1: Open a new US Bank “Platinum Business” checking account with the promo code by signing up through the promotional offer page (link below).
Step 2: Deposit at least $25,000 in new money to your new account within 30 days and maintain at least a $25,000 balance until the 60th day after account opening. You must also complete 5 qualifying transactions within 60 days from account opening. Qualifying transactions include:
- Debit card purchases.
- ACH credits.
- Wire transfers.
- Zelle credits and debits.
- Mobile check deposits.
- Bill pay.
Step 3: A $900 bonus will be deposited to your account within 30 days following the last calendar day of the month you completed all the requirements. The account must be open and have a positive balance to receive the bonus.
Tier 2 ($500 Bonus)
Step 1: Open a new US Bank “Silver Business” or “Business Essentials” checking account from the promotional offer page using the promo code.
Step 2: Deposit at least $5,000 in new money to your new account within 30 days and maintain at least a $5,000 balance until the 60th day after account opening. You must also complete 5 qualifying transactions within 60 days from account opening. Qualifying transaction options are referenced above.
Step 3: A $500 bonus will be deposited to your account within 30 days following the last calendar day of the month you completed all the requirements. The account must be open and have a positive balance to receive the bonus.
The Good:
-The $900 offer is very good and the comparable APY return is huge. The $500 offer provides an even larger APY return due to the much lower balance requirement.
-The “Silver Business” checking account does not have any MSFs.
-No EATF (early account termination fee).
-Soft Credit pull.
-US Bank will waive MSFs on accounts for Military active duty and veterans. Must contact the bank and verify Military status to receive the benefit.
The Bad:
-Existing business customers or customers who had a business checking account in the last 12 months do not qualify.
-Not available nationwide (unless you have established prior relationship).
-“Platinum Business” checking has a $30 MSF.
Overall: Both tiers create a very good bonus promotion opportunity for those that qualify. The “Silver Business” checking bonus provides a massive comparable APY return and has no MSFs to worry about. This is one of the best business checking bonus promotions currently available.
Link to our US Bank data points page: US Bank DPs.
Link to the US Bank offer page: US Bank Business Checking Promotion.
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