U.S. Bank $500 Business Checking Bonus

U.S. Bank is offering a bonus up to $500 when you open a new business checking account with the promo code Q1AFL25 and meet the deposit requirements. Full details of this business checking account sign-up bonus below.

For more current bank offers, see ourย bank bonuses page. The most popular offers are fromย Chase Bank,ย SoFi, KeyBank, BMO andย 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 Business Checking $500 Offer

Earn a $500 bonus when you open a Silver Business Checking Account or Business Essentials account with promo code Q1AFL25 and complete qualifying activities, subject to certain terms and limitations.

To earn the bonus, you need to:

  1. Open a Silver Business Checking Account of Business Essentials account using this link.
  2. Make deposit(s) of at least $5,000 in new money within 30 days of account opening and maintain a daily balance of at least $5,000 until the 60th day after account opening.
  3. Complete 5 qualifying transactions within 60 days of account opening.

The $500 bonus will be deposited into your new U.S. Bank business checking account within 45 days of deposit verification, as long as the account is open and has a positive balance.

Offer Details

Availability: Nationwide (except for Business Essentials which is not available in all markets)
Expiration: 3/31/2025
Household Limit: None
Direct Deposit Required: No
Early Account Termination Fee: No

Eligibility

Youโ€™re eligible for the $500 bonus as long as youโ€™re a new U.S. Bank business checking account customer, which means:

  • You or any signer do not have an existing U.S. Bank business checking account AND
  • You or any signer did not have a U.S. Bank business checking account in the last 12 months

Avoiding Fees

I recommend opening the Silver Business Checking Account Package or Business Essentials (if available to you) as both of these accounts do not have a monthly maintenance fee.

Silver Business Checking Account Fees:

  • $0 monthly maintenance fee
  • 125 free transactions per month
  • $0.50ย fee for each additional transaction

Business Essentials Checking Account Fees:

  • $0ย monthly maintenance fee
  • Unlimited electronic transactions
  • $0.50ย fee for each additional transaction

$500 Bonus Terms & Conditions

  • Promo code Q1AFL25 must be used when opening the business checking account.
  • Limit of one Business Checking bonus per business.
  • A $100 minimum deposit is required to open a U.S. Bank Silver or Business Essentials Checking account.
  • The Business Checking bonus will be deposited into your new U.S. Bank business checking account within 45 days of deposit verification, as long as the account is open and has a positive balance.
  • Offer may not be combined with any other business checking account bonus offers.
  • Offer is not valid if you or any signer on the new business checking account have an existing U.S. Bank business checking account or had a U.S. Bank business checking account in the last 12 months.
  • Bonus will be reported as interest earned on IRS Form 1099-INT and recipient is responsible for any applicable taxes.

For complete terms, please see the disclosures at the bottom of this page.

The Bottom Line

Great offer for a business bank account and the account features are very competitive when compared to my list of the best business checking accounts.

The Silver Business Checking account is particularly interesting for small businesses because it doesnโ€™t have a monthly maintenance fee and no transaction fees are charged if you have 125 or less transactions per month.

So if you have a business (driving for Uber, selling things online, or any side hustles count as a business), then this is an offer I recommend taking advantage of.

Weโ€™ve seen a number of really good business banking promotions lately like this $300 Chase Business Checking bonus, $400 Axos Business Checking bonus, and the $300 American Express Business Checking bonus.

This promotion will be added to the list of the best bank account bonuses.

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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T&M's Mom
T&M's Mom
7 months ago

You mention you cannot have had an acct in the last 24 months but i read in the disclosures 12 months. “Offer may not be combined with any other business checking account bonus offers. This offer is only valid for new business checking customers, existing customers (businesses) with a business checking account or customers (businesses) who had an account in the last 12 months, do not qualify.” Am i reading this incorrectly?

Chris
Chris
1 year ago

It says deposit within 30 days of account opening, and maintain until the 60th day of account opening. Does that mean I can have the deposit arrive on the 30th day and only maintain it for 30 days?

Chris
Chris
1 year ago
Reply to  John Pham

Thanks for the reply. Guess I’ll email them for clarification. I’ll post a follow up.

CriticalReader
CriticalReader
1 year ago

As of 4/19/2023 the balance to Maintain is $3K, but this $3k must be deposited on day one and maintained for 60days. Variable deposits totaling up to and over $3k for the first 30 days will not suffice eligibility for the bonus.

The following statement(s) on this webpage seem to be incorrect:

Deposit $3,000 within 30 days of account opening and maintain the balance for 60 days.

You must make new deposit(s) of at least $3,000 in new money deposits (Direct, Mobile, ACH or Wires) within 30 days of account opening and then maintain a balance of at least $3,000 through 60 days after account opening.

CJW
CJW
2 years ago

US bank also lists that you must make 5 transactions within 60 days for this bonus.

ThatGirl
ThatGirl
2 years ago

I opened a business acct on 4/6 with the promo code. Could’ve sworn it said deposit $3000 as you reported. The requirements now say deposit $5000, not $3000. I’m confused, which is it? Did the requirements change? And if so, when did it change?

ThatGirl
ThatGirl
2 years ago
Reply to  John Pham

FYI I confirmed with US Bank. It is not $3000, but $5000. According to them, that promo code which expires Apr. 29 has always been $5000. If it had changed from $3000 to $5000, there would’ve been a new code provided so not to cause confusion.

ThatGuy
ThatGuy
2 years ago
Reply to  John Pham

It’s $3,000 again by the way, for the June 3rd to July 29th sign up period.