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.
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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:
- Open a Silver Business Checking Account of Business Essentials account using this link.
- 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.
- 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
Youโre eligible for the $500 bonus as long as youโre 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 doesnโt 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.
Weโve 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
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?
You’re correct. US Bank must have lowered that requirement. I have updated the T&Cs. Thanks!
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?
In the past, readers have been successful by depositing before Day 30 of account opening and withdrawing after Day 60 of account opening. I’d wait until Day 61 or Day 62 just to be safe.
However, there are some contradictory language on the landing page. One section states, “Deposit $5,000 or $25,000 in new money within 30 days of account opening and maintain your balance for 60 days” while the terms and conditions at the bottom of the screen says, “You must make new deposit(s) of at least $5,000 in new money deposits within 30 days of account opening and thereafter maintain a balance of at least $5,000 until the 60th day after account opening.
So you’ll most likely be okay, but YMMV. You could maintain the balance for 60 days to be extra safe.
Thanks for the reply. Guess I’ll email them for clarification. I’ll post a follow up.
You’re welcome – please keep us informed!
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.
Hi CR – can you tell me where you see this new language? I don’t see where you found the revised terms.
US bank also lists that you must make 5 transactions within 60 days for this bonus.
That must have been added recently. The requirements for the $300 bonus have been updated to reflect this. Thank you!
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?
Thank you for bringing that to my attention. I just revised the post to clarify that the offer now requires a $5,000 deposit. I’m actually not sure when the change happened, but if you call U.S. Bank they can see the promotion attached to your account and let you know what it is. Keep us posted please.
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.
It’s $3,000 again by the way, for the June 3rd to July 29th sign up period.