U.S. Bank $400 Checking Bonus

U.S. Bank is offering up to a $400 bonus when you open a checking account online and complete qualifying activities. This matches the biggest bonus U.S. Bank has offered for their personal checking accounts!

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

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U.S. Bank $400 Checking Overview

U.S. Bank is promoting the highest checking account sign-up bonus they have ever offered! You’ll get up to a $400 bonus for opening a checking account and completing the following requirements:

1. Open the U.S. Bank Smartly® Checking account using the link below.
2. Enroll in online banking or the U.S. Bank mobile app within 90 days of account opening.
3. Make two or more direct deposit(s) totaling $3,000 to $4,999.99 to earn $200 or $5,000 or more to earn $400 within 90 days of account opening.

Update 7/22/24: This offer has expired, but there’s a higher $450 version for this checking account.

This checking account requires a minimum amount of $25 to open. The $400 bonus will be credited to your new checking account within 60 days following the end of the calendar month during which you completed all the offer requirements.

Who Qualifies For The Bonus?

You qualify for the offer if you live within U.S. Bank’s geographic footprint or have an existing account with them from products such as credit cards. U.S. Bank has over 2,000 branches and in 26 states, along with 4,700 ATMs nationwide, so the chances are good if you live in the United States.

Along with the geographic footprint requirement, you can’t be:

• A current U.S. Bank personal checking account customer OR
• Had a U.S. Bank personal checking account in the last 12 months OR
• Received a U.S. Bank personal checking account bonus in the last 12 months

Related:

• List Of Best Bank Account Bonuses

What Are The 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: 7/22/2024
Household Limit: 1 bonus per household
Direct Deposit Required: $3,000 or more (see what counts as a direct deposit)
Soft/Hard Pull: Soft
Early Account Termination Fee: None

You’ll receive the $400 bonus when you complete the following 3 requirements:

Requirement #1) Complete Account Application

• Open the U.S. Bank Smartly® Checking account with promo code 24WEB03 (code automatically applied using any links found on this page).

Requirement #2) Enroll in Online Banking or U.S. Bank Mobile App

• Enroll in either online banking or download and register with the U.S. Bank mobile app – either one satisfies this requirement (no need to do both unless you want to).

Requirement #3) Make Direct Deposits

• Make two or more direct deposit(s) within 90 days of account opening totaling:
  • $3,000 to $4,999.99 to earn a $200 bonus OR
  • $5,000 or more to earn a $400 bonus

Avoiding Fees

Eligible Checking Accounts

The U.S. Bank Smartly® Checking is the only consumer checking account product that’s eligible for this promotion. It comes with a monthly maintenance fee of $6.96, but it can be waived in a number of ways.

• Have combined monthly direct deposits totaling $1,000 or more OR
• Keep a minimum average account balance of $1,500 or more OR
• Presence of an eligible personal U.S. Bank credit card; or qualify for one of the four Smart Rewards^® tiers (Primary, Plus, Premium or Pinnacle) OR
• Members of the military (requires self disclosure) and customers ages 24 and under and those 65 and over

Hat tip to reader Amy in the comments below who shared that the monthly fees are waived for active duty and veterans.

Offer Terms & Conditions

• A minimum deposit of $25 is required to open a U.S. Bank checking account.
• To earn your $400 bonus, open a new U.S. Bank Smartly® Checking before the promotion expiration date.
• The checking account bonus will be deposited into your new checking account within 60 days of completing the offer requirements.
• The account must be open and have a positive balance for the bonus to receive the bonus.
• 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 consumer checking account bonus offers.

The Bottom Line

Great deal and a lot less complicated than the recent bonuses that required both a checking account and a savings account to be opened at the same time (and additional bonus requirements for the savings account).

This $400 sign-up bonus matches the highest standalone consumer checking account offer that U.S. Bank has provided in recent memory. I’ve added this promotion to my list of best bank account opening bonuses.

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