US Bank $300 Business Checking Bonus

U.S. Bank is offering a $300 bonus when you open a new Silver, Gold, or Platinum business checking account and meet the promotion requirements.

Full details of this bank account sign-up bonus below.

U.S. Bank $300 Offer

U.S. Bank is offering a $300 welcome bonus when you open a new business checking account and complete the following requirements:

  • Open a new U.S. Bank Silver, Gold, or Platinum Business Checking Account with promo code “GP20QB5
  • Deposit $3,000 within 30 days of account opening and maintain the balance for 60 days
  • Enroll in the U.S. Bank Mobile App or U.S. Bank Online Banking within 60 days of account opening

Once you complete those qualifying activities, the bonus will be deposited into your 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
Expiration: 12/22/2021
Household Limit: None
Direct Deposit Required: No
Early Account Termination Fee: No

Eligibility

You’re eligible for the $300 bonus as long as you’re a new U.S. Bank business checking account customer, which means:

  • You don’t have an existing U.S. Bank business checking account
  • You didn’t have a U.S. Bank business checking account in the last 12 months

Avoiding Fees

I’d recommend opening the Silver Business Checking Account since it doesn’t have a monthly maintenance fee.

Silver Business Checking Account Fees:

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

There are no monthly maintenance fees to worry about.

Gold Business Checking Account Fees:

  • $20 monthly maintenance fee, waivable
  • 300 free transactions per month
  • $0.45 fee for each additional transaction

The $20 monthly maintenance fee can be waived if one of the following applies:

  1. U.S. Bank Payment Solutions Merchant Account – OR –
  2. $10,000 average collected checking balance or $25,000 average collected checking balance on interest-bearing option – OR –
  3. $20,000 in combined average collected deposit balances or $50,000 in combined average collected deposit balance on interest-bearing option – OR –
  4. $50,000 combined average collected business deposits and outstanding business credit balances – OR –
  5. $75,000 in combined business deposit and outstanding business credit

Platinum Business Checking Account Fees:

  • $30 monthly maintenance fee, waivable
  • 500 free transactions per month
  • $0.40 fee for each additional transaction

The $30 monthly maintenance fee can be waived if one of the following applies:

  1. $25,000 average collected checking balance – OR –
  2. $75,000 combined average collected business deposits and outstanding business credit balances

$300 Bonus Terms & Conditions

  • Promo code GP20QB5 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, Gold or Platinum Business Checking account.
  • Earn your $300 Business Checking bonus by opening a new U.S. Bank Silver Business Checking, Gold Business Checking or Platinum Business Checking account.
  • 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.
  • The new money deposit cannot be funds held by U.S. Bank or its affiliates.
  • Additionally, an individual signer on the new checking account must be enrolled in U.S. Bank Online Banking or the U.S. Bank Mobile App within 60 days of account opening.
  • 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.

The Bottom Line

Easy bonus without any direct deposit requirements. This offer only requires depositing $3,000 within the first 30 days.

If you have a business (driving for Uber, selling things online, or any side hustles count), then this is an offer I’d recommend doing.

We’ve seen a number of really good business banking promotions lately including the $300 Chase business checking bonus and $300 American Express (Kabbage) business checking bonus.

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

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