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U.S. Bank $300 Checking Account Bonus

U.S. Bank is offering a $300 bonus when you apply for a checking account online with the promotion code below. This is the biggest bonus they have offered for their checking account through their online portal so get this $300 offer while it lasts!

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

Ninja Update: Offer has expired. For current U.S. Bank offers, see our U.S. Bank promotions page.

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.

Where do I enroll?

New Link (use promo code 21WEB12)

U.S. Bank $300 checking account bonus offer banner

Who qualifies for the bonus?

You qualify for the offer if you live within U.S. Bank’s geographic footprint. They have over 3,000 branches and 5,000+ ATMs, so the chances are good you’re eligible.

Along with the location requirements, the offer is not valid if you’re:

  • a current U.S. Bank personal checking account customer OR
  • had a U.S. Bank personal checking account in the last 24 months OR
  • received any bonus offers from them in the last 24 months


What are the details?

You’ll receive the $300 bonus when you complete the following requirements:

  • Use promo code 21WEB12 during the sign up process to open a new Platinum, Gold, or Easy checking account
  • Receive recurring direct deposits of two or more that total $4,000 or more within 60 days of account opening
  • Be enrolled in e-statements within 60 days of account opening

Availability: Most customers in the United States
Expiration: August 31, 2020 December 27, 2021
Household Limit: 1 bonus per household
Direct Deposit Required: Yes, $2,000 $4,000 (see what counts as a direct deposit)
Early Account Termination Fee: None

Avoiding Fees

There are three different checking accounts that you can open for this bonus: their Easy checking account, Gold checking account, and Platinum Checking account.

The Easy account has a monthly fee of $6.95, Gold account has a monthly fee of $14.95, and the Platinum account has a monthly fee of $24.95. All account monthly fees can be waived if you do ONE of the following:

U.S. Bank Easy Checking Account:

  • Combined monthly direct deposits totaling $1,000 or more OR
  • Average account balance of $1,500 OR
  • Account holder(s) age 65 or greater

U.S. Bank Gold Checking Account:

  • Have a U.S. Bank credit card (like the Altitude, Cash+, or Flexperks) OR
  • Have it waived by joining the Because You’ve Earned It program (requires good credit score)

U.S. Bank Platinum Checking Account:

  • Have personal trust relationship with U.S. Bank Wealth Management OR
  • Deposits of $25,000 or more in combined personal deposits, credit balances with U.S. Bank and/or investments through U.S. Bancorp Investments

What other details do I need to know?

Here are the official terms and conditions for this promotional offer:

  • You must use the promotion code listed on this offer when you apply.
  • A minimum deposit of $25 is required to open a U.S. Bank consumer checking account.
  • To earn the $300 bonus offer, you must open a new U.S. Bank consumer checking account (Platinum, Gold, or Easy checking account).
  • You must complete recurring direct deposits of two or more that total $4,000 or more within 60 days of account opening
  • You must be enrolled in e-statements within 60 days of account opening.
  • The checking account bonus will be deposited into your new checking account within 60 days of direct deposit verification and verification of enrollment in either U.S. Bank online banking or the U.S. Bank Mobile App.
  • The account must be open and have a positive balance. Bonus will be reported as interest earned on IRS form 1099-INT and recipient is responsible for any applicable taxes.
  • 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 years, or received other U.S. Bank bonus offers within the past two years.
  • Current U.S. Bank employees are not eligible.
  • Limit of one bonus per household.

The Bottom Line

This is a good offer and the highest one I’ve seen for U.S. Bank when applying online. There’s a $400 bonus they sometimes offer in the branches, but it’s really a hit or miss. You could try to see if you’re targeted in the branch, but the online process is so much easier (especially if your local U.S. Bank branch is far away).

As for which checking account to choose from, I would go with the Easy checking account. The requirements to waive fees are easier, and if you can’t waive the fee, at least the fee is smaller than the other two options.

8 thoughts on “U.S. Bank $300 Checking Account Bonus”

  1. 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.

    • Hi Mark,

      What other blog are you seeing these comments from?

      Generalizing here, most banks have reoccuring bonuses; once a bank bonus ends, they tend to have another one. However, the promo code may change as you spoke of. What matters is using the right promo code for the promotion time period.

      As for the $6.95 monthly fee, as long as you do one of the items I wrote above every month, that fee should be waived.

  2. 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).


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