U.S. Bank $300 Checking Account Bonus

U.S. Bank is offering a $300 bonus when you open a new U.S. Bank Smartly™ Checking account and complete qualifying activities. Full details of this checking bonus below. Here are other U.S. Bank promotions you may be interested in.

For more current bank offers, see our bank bonuses page. The most popular offers are from Chase BankSoFi, U.S. Bank, and Axos Bank.

This post may contain affiliate links, meaning I get a commission at no cost to you if you decide to make a purchase through my links. Visit this page for more information. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

U.S. Bank $300 Checking Bonus Offer

Update 4/3/24: This offer has expired, but there’s a higher $700 version for this checking account – see this post for complete details.

Open a U.S. Bank Smartly™ Checking account and get a $300 bonus when you complete the following activities:

  1. Open a new U.S. Bank Smartly™ Checking account online using this link.
  2. Enter promo code 23WEB06 during sign-up (code automatically entered when you use our link).
  3. Enroll in online banking or the U.S. Bank mobile app within 60 days of account opening.
  4. Complete two or more direct deposits totaling $6,000 or more within 90 days of account opening.
  5. Receive a $300 bonus deposited into your U.S. Bank checking account.

Checking Bonus Details

Availability: Offer may not be available if you live outside of the U.S. Bank footprint or are not an existing client of U.S. Bank or State Farm.
Expiration: September 6, 2023
Household Limit: No
Direct Deposit Required: Yes, $6,000
Early Account Termination Fee: None

U.S. Bank $300 Checking Account bonus
(Image from U.S. Bank)

Who qualifies for the bonus?

You qualify for this offer if you live within U.S. Bank’s geographic footprint. They have over 3,000 branches and more than 4,800 ATMs, so there’s a good chance you’re within their operational area.

Along with the location requirement, you can’t:

  • be a current U.S. Bank personal checking account customer OR
  • have or had a U.S. Bank personal checking account in the last 2 years OR
  • received any bonus offers from U.S. Bank in the last 2 years


Avoiding Fees

The Smartly Checking account has a monthly fee of $6.95. The service fee can be waived if you do ONE of the following:

U.S. Smartly™ Checking Account:

  • 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) OR
  • Be a military member (requires self disclosure) OR
  • Be under the age of 24 or over the age of 65

$300 Bonus Offer Terms & Conditions

  • Earn a $300 bonus by opening a new U.S. Bank SmartlyTM Checking account (excluding Safe Debit Account).
  • You must use the promotion code listed on this offer when you apply. If you navigate away from this page, the promotion code is not automatically included and you will need to manually input the code during your application.
  • A minimum deposit of $25 is required to open a U.S. Bank consumer checking account.
  • The checking account must be opened online. Additionally, you must:
    • enroll in online banking or the U.S. Bank Mobile App within 60 days of opening your account
    • complete two or more direct deposits within 60 days of opening your account totaling $5,000 or more
  • 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.
  • Offer may not be combined with any other checking account bonus offers.

The Bottom Line

This is one of the bigger bonuses I’ve seen for U.S. Bank when applying online. There’s a $400 version sometimes offered in the branches and occasionally online, but it’s not common and I wouldn’t bank (pun intended) on it.

Banking products are state specific, but is available nationwide if you’re an existing U.S. Bank customer. For instance, if you have a U.S. Bank credit card, you can login with your existing credentials and take part in the bank bonuses.

U.S. Bank is a Fortune 500 company with a solid reputation, so I don’t have any concerns about receiving the bonus as long as requirements are met. I would have done this deal already, but unfortunately it’s not available in the Boston area.

Member FDIC

About John Pham

John Pham is a personal finance expert, serial entrepreneur, and founder of The Money Ninja. He has also been fortunate enough to have appeared in the New York Times, Boston Globe, and U.S. News & World Report. John has a B.S. in Entrepreneurship and a Masters in Business Administration, both from the University of New Hampshire.

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Mark Klouda
Mark Klouda
3 years ago

I have seen a few people claim they got the bonus posted around 09 July 2020 and I also read somewhere that they do the bonuses like that once a month. I personally am not sure which promo code I opened with on 28 May 2020. I was seeing that it was expiring on 29 June 2020. I emailed the bank and they told me I did not have a promo code on my account and I have heard that from quite a few people in the last couple years. I am not sure if they use a new promo code every time they open it backup but it does seem that it starts back up fairly quick after the experation date.
Well they emailed me back today and told me that the promo code I gave to her was not expired and I should now get the bonus if I met the requirements. I am fairly certain that 2 direct deposits of $1000 each for a total of $2000 would satisfy the direct deposit requirement for the bonus. It also took care of the $6.95 monthly maintenance. In fact they charged me the $6.95 and then credited it as well. And the 6.95 put me in the hole and they charged me $36.00 for being negative and then gave me the $36 back. I was in the hole previous to that and got a $36.00 charge for some petty amount that they refused to remove and now this (my first time trying the “Churn” is starting to eat into my $300 bonus that I am fairly hopeful I will receive. I wish that I could get the Wells Fargo checking for $400. Every time I go to fund the Wells Fargo checking online it stops and tellls me I have to go to their brick and mortar to sign up. It is 2 blocks away closed for Covid19. I hope this might help someone and I hope that someone tell me something like which code is which? I thought 20WEB05 was the one expiring 06/29/2020 that I signed up for but I just saw they were using it on this blog. Then I saw this one just the last couple days and I thought it was for the new ones using QF73E92.

3 years ago

Just to make sure I understand the DD requirement correctly. Two or more DD that total $2,000, meaning each DD must be $2000, or it’s $2000 combined (for example 2 DD each $1000 completes the requirement).

Adam Smith
Adam Smith
3 years ago
Reply to  Cynthia

definitely the latter

4 years ago

Bonus posted, confirming it works by pushing funds from Fidelity.

4 years ago

Anyone with data on when the bonus gets posted? Like how many days after you fulfill the requirements?

Susan Phillips
Susan Phillips
4 years ago

What about the bonus for the business checking?