U.S. Bank Promotions: June 2024 (2024)

Table of Contents
U.S. Bank Promotions: June 2024 U.S. Bank : Business Checking - $800 U.S. Bank : Smartly Checking - $100-$500 U.S. Bank : Standard Savings - $300 Compare U.S. Bank Promotions Note Pros and Cons of U.S. Bank Promotions Pros Explained Cons Explained Alternatives to U.S. Bank Promotions Bank of America Promotions Chase Bank Promotions Huntington Bank Promotions High-Yield Savings Accounts (HYSAs) Certificates of Deposit (CDs) Frequently Asked Questions Does U.S. Bank Offer Any Promotions for Existing Customers? Can I Use Multiple U.S. Bank Promotions? Where Can I Find U.S. Bank Promotions? Are U.S. Bank Promotions Taxed? FAQs

If you’re looking for a tidy side hustle, earning sign-up bonuses for opening new bank accounts is relatively easy. Many of the larger banks offer regular incentives for this, and U.S. Bank promotions are some of the best.

That said, the key to earning bank bonuses is making sure you’re eligible and following through on any requirements to earn the bonus.

U.S. Bank Promotions: June 2024

U.S. Bank Promotions: June 2024

U.S. Bank Promotions: June 2024

  • Our Top Picks
  • Business Checking - $800
  • Smartly Checking - $100-$500
  • Standard Savings - $300

  • Compare Promos

  • Pros and Cons

  • Alternatives

  • FAQs

U.S. Bank : Business Checking - $800

U.S. Bank Promotions: June 2024 (1)

  • Bonus Amount: $400–$800
  • Promotion Expiry: August 30, 2024
  • Qualifications: Deposit, maintain balance

How to Get the Bonus

  1. Open a new business checking account using the promo code on the linked page. You can access this bonus from the link above, or enter the coupon code when you’re completing your application.
  2. Deposit $5,000 to earn a $400 bonus, or $25,000 for an $800 bonus, within 30 days.
  3. Maintain that balance for 60 days after opening the account. If you deposited $5,000 for the $400 bonus, you need to maintain a balance of at least $5,000. If you deposited $25,000 for the $800 bonus, you must maintain at least $25,000.
  4. Receive the bonus: After meeting the requirements, the bonus will be issued within 30 days after the month in which you complete the requirements.

Bonus Restrictions and Account Fees

  • You must live within U.S. Bank’s service area, even if you apply online. The application form will tell you whether you’re eligible based on your ZIP code.
  • Not available if you or anyone else listed on the account (like a spouse) had an open U.S. Bank business checking account within the past two years.
  • Not available if you or anyone else on the account currently has an open U.S. Bank business checking account.
  • Not available if you’re currently a U.S. Bank employee.
  • The U.S. Bank Business Checking account charges a monthly fee of $0 to $30, depending on your service tier; the fee can be waived by maintaining a Merchant Banking account or holding a certain amount of money in individual or combined U.S. Bank business accounts, depending on the service tier.
  • Depending on service tier, the account allows a certain number of free transactions per month; after that, each additional transaction will be charged a fee.

U.S. Bank : Smartly Checking - $100-$500

U.S. Bank Promotions: June 2024 (2)

  • Bonus Amount: $100, $300, or $500
  • Promotion Expiry: June 27, 2024
  • Qualifications: Deposit, direct deposit, online banking
See Also
Capital One Smart Rewards Mastercard Review 2024U.S. Bank Checking Account Review 2024How to maximize your credit card rewardsAre credit card rewards worth it? | Chase

How to Get the Bonus

  1. Open a new checking account and deposit at least $25. Visit the offer page and click on “Apply for checking” to make sure you get the offer. If you open an account using another link on U.S. Bank’s website, use the correct coupon code to make sure you’re eligible for the bonus. It’s easiest to open an account online, but you can also do so in person or over the phone.
  2. Enroll in online banking. Sometime within the first 90 days after you open the account, you’ll need to enroll in online banking. If you apply for an account online right from the start, this will be much easier.
  3. Have at least two eligible direct deposits in the first 90 days; your bonus amount will depend on the amount you deposit. You'll earn a $100 bonus if the combined total of your deposits is $3,000 to $4,999.99; a $300 bonus if the combined total is $5,000 to $9,999.99; a $500 bonus if the combined total is $10,000 or more. Direct deposits are generally made by your employer or government benefits provider.
  4. Receive your bonus. Once you meet the requirements, U.S. Bank will deposit your bonus amount into your checking account within 60 days. Make sure to keep your account balance positive during this time because you won’t receive the bonus if your account balance is in the red.

If you transfer money to this checking account yourself from another account, that’s not a direct deposit.

Bonus Restrictions and Account Fees

  • You must live within U.S. Bank’s service area, even if you apply online. The application form will tell you whether you’re eligible based on your ZIP code.
  • Not available if you or anyone else listed on the account (like a spouse) earned a U.S. Bank account opening bonus (for any account) or had an open U.S. Bank checking account within the past two years.
  • Not available if you or anyone else on the account currently has an open U.S. Bank checking account.
  • Not available if you’re currently a U.S. Bank employee.
  • The U.S. Bank Smartly Checking account charges a $6.95 monthly fee unless you meet one of seven requirements to have it waived each month: Have at least $1,000 in direct deposits, keep at least $1,500 in your account, qualify for one of U.S. Bank’s rewards tiers (which, in turn, have their own set of requirements), have a U.S. Bank credit card, be under age 24, be over age 65, or be a member of the military.
  • You may pay several other fees with this account too, including extra charges for using a non-U.S. Bank ATM ($2.50 from U.S. Bank, plus whatever charges the machine’s owner dictates), overdraft fees ($36, up to four times per day), wire transfers ($20–$50), paper statements ($2 per statement), and more.

U.S. Bank may offer many waivers for its monthly fee, but for some people it may be a big hassle to meet them each month. Once you’ve earned the bonus, consider moving your money to another checking account with no fees.

U.S. Bank : Standard Savings - $300

U.S. Bank Promotions: June 2024 (3)

  • Bonus Amount: $300
  • Promotion Expiry: June 27, 2024
  • Qualifications: Deposit, maintain balance

How to Get the Bonus

  1. Open a new savings account and deposit at least $25. You can access this bonus from the link above, or by entering the coupon code when you’re completing your application. You can also open this account in person, over the phone, or online, but either way you’ll still need to live within U.S. Bank’s service area.
  2. Deposit at least $25,000 by the specified deadline. Important: It must be new money, meaning that it’ll need to come from somewhere outside of U.S. Bank. You can’t have your rich uncle transfer the funds into your new account from his existing U.S. Bank account and pay him back later, for example.
  3. Maintain your account balance until the specified date in the offer details. You’ll need to keep the money you deposited in your account in place until that date.
  4. Receive your bonus. Within 60 days, U.S. Bank will verify that you meet requirements and then pay out your bonus into your new savings account.

Bonus Restrictions and Account Fees

  • Only available to people who live within U.S. Bank’s geographical footprint, which you can determine after you enter your ZIP code on the application page.
  • Not available if you or any other people listed on the account earned a U.S. Bank bonus for opening a new savings account within the past year, or if you had (but closed) a U.S. Bank savings account within the past six months, or if you currently have an open U.S. Bank savings account.
  • Not available for current U.S. Bank employees.
  • The U.S. Bank Standard Savings account charges a $4 monthly fee unless you meet one of three waiver requirements each month: someone on the account is under age 17 (i.e., if you’re using this as a kids’ savings account), you keep at least $300 in the account, or your average balance for the month is $1,000 or higher (such as if you had a large pot of money, but withdrew it all on the last day).
  • You’ll have to pay many of the same fees as for the checking account, which might include charges for using a non-U.S. Bank ATM ($2.50, plus a surcharge from the ATM’s owner), money orders ($5), dormant accounts ($5 per month), and more.

In the News: The Fedheld rates steadyfor a sixth consecutive time at its meeting that concluded May 1, 2024. The 5.25% to 5.50% range is the highest the federal funds rate has been since 2001, and Fed officials noted in their statement that there has been a lack of progress toward the committee’s goal of lowering inflation. With consumer prices showing a 3.5% inflation rate in March, Fed officials don’t foresee reducing their benchmark rate until they're confident inflation is moving toward 2%.

Interest rate hikes can directly impact the rate you receive on your interest checking and savings accounts. It's wise to see if your bank offers a high-yield savings account. You could also see if it offers one of the best CD rates right now. Combined, these accounts could help you earn the maximum amount of money on the cash you keep at your financial institution.

Compare U.S. Bank Promotions

PromotionBonus AmountPromotion ExpiryQualifications
U.S. Bank Business Checking$350–$800August 30, 2024Deposit, maintain balance
U.S. Bank Smartly Checking$100, $300, or $500June 27, 2024Deposit, direct deposit, online banking
U.S. Bank Standard Savings$300June 27, 2024Deposit, maintain balance

Note

Although U.S. Bank only operates in some states, it has an excellent reputation. In fact, J.D. Power ranked U.S. Bank fifth in its 2022 U.S. National Banking Satisfaction Study; it scored higher than other big banks like Wells Fargo and Bank of America. The study evaluated customer experience across several factors, including account options, trust, and the banks' handling of customer issues or complaints.

Pros and Cons of U.S. Bank Promotions

Pros

  • Low fees

  • High potential bonuses

Cons

  • High deposit requirements

  • Multiple steps to complete

  • Not available in all states

Pros Explained

  • Low fees: U.S. Bank has relatively low fees, and you can qualify for a fee waiver if you're under 24 or over the age of 65, are a member of the U.S. military, maintain a minimum balance of $1,500 or more, have combined direct deposits of $1,000 or more per month, or hold an eligible U.S. Bank credit card.
  • High potential bonuses: U.S. Bank’s new account promotions may be several hundreds of dollars or more. The offers are sometimes relatively high compared to other banks, which often have bonuses of $200 or less.

Cons Explained

  • High deposit requirements: Although U.S. Bank’s bonuses are generous, the bank has relatively high deposit requirements to qualify. For example, some bonuses have required $6,000 or more in direct deposits—far higher than some banks require.
  • Multiple steps to complete: Qualifying for a U.S. Bank promotional offer may require you to complete several steps. To qualify for the bonus in some cases, you must open a new account and enter a valid promotional code, enroll in online banking or the mobile app, and meet direct deposit requirements.
  • Not available in all states: U.S. Bank is only available in 26 states: U.S. Bank is only available in 26 states. To qualify for a bonus offer from U.S. Bank, you must live in one of the states in which U.S. Bank operates.

You can use the U.S. Bank locator tool to find out if you live in a qualifying state or to find a local branch.

See Also
U.S. Bank Smartly® Checking account | with Checks | U.S. Bank

Alternatives to U.S. Bank Promotions

Not everyone will qualify for a U.S. Bank account or the bank's promotional offers. Luckily, there are several other ways to earn bonuses or higher APYs.

Bank of America Promotions

Bank of America is a national bank that operates branches in all 50 states. And with Bank of America's promotional offers, you can qualify for a bonus by opening a new checking account and receiving as little as $1,000 in direct deposits.

Chase Bank Promotions

Chase is another national bank that often has several promotional offers for its checking accounts. And it has options specifically designed for customers that may not have a lot of money to deposit, such as college students.

Huntington Bank Promotions

Huntington Bank is a smaller, regional bank. However, it offers generous bonuses to eligible customers who open new checking accounts and meet direct deposit requirements.

Bank bonuses that you earn for opening a new checking or savings account are taxable as interest income. The bank will send you a 1099-INT that includes all of the interest and cash bonuses you earned during the tax year.

High-Yield Savings Accounts (HYSAs)

If you want to earn a higher APY and don't need check-writing privileges or a debit card, an HYSA can be an excellent option. With any of our picks for the best high-yield savings accounts, you can earn a higher-than-average APY and grow your money faster.

Certificates of Deposit (CDs)

For those looking for a low-risk way to grow their money, a certificate of deposit (CD) can be a safe choice. You can lock in a higher APY by committing to leaving your money in the CD for a specific term. See the best CD rates to find the best place for your savings.

Frequently Asked Questions

  • Does U.S. Bank Offer Any Promotions for Existing Customers?

    U.S. Bank does not usually offer any promotions if you’re already a customer. U.S. Bank is trying to attract new customers to its flock, which you can see in some of its requirements for past promotions, like needing to bring $25,000 in “new money” (i.e., from another bank) to your savings account in order to qualify for certain savings account bonuses.

  • Can I Use Multiple U.S. Bank Promotions?

    Yes, you may be able to use multiple account bonuses together. However, if you’ve earned any U.S. Bank promotions in the past, you might be limited in what you’re eligible for now. For example, you may be ineligible if you’ve earned another U.S. Bank promotion within the past two years for the same type of account.

  • Where Can I Find U.S. Bank Promotions?

    You can find U.S. Bank’s promotions on its webpage, or by following the links above to the right page. Alternatively, if you’re opening the account through another route, you may need to include a coupon code to earn the bonus.

  • Are U.S. Bank Promotions Taxed?

    Yes, U.S. Bank’s promotions are taxed just the same as any other bank bonus, and in a similar way to any interest that you earn. At the end of the year, U.S. Bank will issue you a Form 1099-INT that you can use to report the income on your taxes.

It’s a good idea to reserve some of the money that you earn from the bonus to pay your taxes later.

U.S. Bank Promotions: June 2024 (4)

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Article Sources

Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy.

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U.S. Bank Promotions: June 2024 (2024)

FAQs

U.S. Bank Promotions: June 2024? ›

Earn up to $700 when you open a new U.S. Bank Smartly® Checking account with code 2024APR and complete qualifying activities. Subject to certain terms and limitations. To receive a bonus of up to $700: Open a U.S. Bank Smartly Checking and U.S. Bank Standard Savings account by June 27, 2024.

Tell Me More ›
What is the U.S. Bank checking promotion for 2024? ›

Earn up to $700 when you open a new U.S. Bank Smartly® Checking account with code 2024APR and complete qualifying activities. Subject to certain terms and limitations. To receive a bonus of up to $700: Open a U.S. Bank Smartly Checking and U.S. Bank Standard Savings account by June 27, 2024.

Discover More Details ›
Which banks are offering money to switch in 2024? ›

  • Lloyds Bank. Lloyds Bank is currently offering £175 if you open a new Club Lloyds, Club Silver or Club Platinum account using the Current Account Switch Service. ...
  • Nationwide. ...
  • Santander. ...
  • TSB. ...
  • Natwest. ...
  • HSBC. ...
  • Royal Bank of Scotland. ...
  • Virgin Money.
Jun 1, 2024

View More ›
How do I get $400 from U.S. Bank? ›

Deposit $5,000 or more in new money within 30 days of account opening. Deposits totaling $5,000-$24,999 earn $400; deposits totaling $25,000 or more earn $800. It has to be new money, or funds that are not currently held within a U.S. Bank account. Maintain that total account balance for 60 days after account opening.

Read The Full Story ›
What promotions does U.S. Bank have? ›

Compare U.S. Bank Promotions
PromotionBonus AmountQualifications
U.S. Bank Business Checking$400–$800Deposit, maintain balance
U.S. Bank Smartly Checking$100, $300, or $500Deposit, direct deposit, online banking
U.S. Bank Standard Savings$300Deposit, maintain balance

See More ›
What is the $250 bonus at U.S. Bank? ›

Get a $250 bonus after you spend $2,000 in eligible purchases within the first 120 days of account opening.

See Details ›
What is the $300 bonus at U.S. Bank? ›

Direct deposits totaling between $3,000 and $4,999.99 earn a $100 bonus, $5,000 and $9,999.99 earn a $300 bonus, and anything over $10,000 earns a $500 bonus. A qualifying direct deposit is an electronic paycheck or government benefits, including Social Security.

Continue Reading ›
Where can I get 7% interest on my money? ›

Why Trust Us? As of June 2024, no banks are offering 7% interest rates on savings accounts. Two credit unions have high-interest checking accounts: Landmark Credit Union Premium Checking with 7.50% APY and OnPath Credit Union High Yield Checking with 7.00% APY.

Get More Info Here ›
What bank gives you free money for opening an account? ›

The 10 best checking account bonuses for June 2024: earn up to $700
Bank & accountBonus amountDirect deposit required
Chase: Chase Total Checking$300$500
Citibank: All Citibank checking accounts$300$1,500
Key Bank: Key Smart Checking$200$500
Fifth Third Bank: Preferred Checking$200$500
6 more rows

Explore More ›
Which bank pays the most to switch? ›

Banks that will pay you up to switch
ProviderProductCashback Incentive to Switch Account
NatWestReward Platinum*£200
Royal Bank of ScotlandReward Platinum*£200
First Direct1st Account£175
HalifaxReward Current Account + Reward Extras£150
11 more rows

Read The Full Story ›

What is the $200 bonus at U.S. Bank? ›

Earn a $200 rewards bonus after you spend $1,000 in eligible purchases within the first 90 days of account opening. Get a decision in as little as 60 seconds.

Discover More Details ›
What is the $100 bonus at U.S. Bank? ›

This bonus requires direct deposits to a new account, and the bonus amount is based on the amount of those deposits. New customers can earn: $100 for combined direct deposits worth $3,000 to $4,999.99. $300 for combined direct deposits worth $5,000 to $9,999.99.

Read More ›
Does U.S. Bank have free checking for seniors? ›

All regular account opening procedures apply. $25 minimum deposit required to open a U.S. Bank consumer checking account. Members of the military (requires self-disclosure) and clients ages 24 and under and those 65 and over pay no monthly maintenance fee.

Keep Reading ›
What are U.S. Bank CD rates right now? ›

U.S. Bank Standard CD Rates
U.S. Bank CD TermAPY*Minimum Deposit
1 year0.05%$500
18 months0.05%$500
2 years$500
3 years0.10%$500
7 more rows
5 days ago

Read More ›
Is U.S. Bank a good bank to deal with? ›

Who Is U.S. Bank Best for? U.S. Bank should appeal to most customers who want a reputable, long-standing bank with a full range of deposit accounts and financial services. It might be a particularly good fit if you: Want a lot of different options to park your money in a CD.

See More ›
What is a U.S. Bank CD special? ›

With a CD Special, you lock in the best CD rates we offer to the general public. And if you already bank with us, we may be able to offer you an even better bonus rate. Open your CD Special account with a $1,000 minimum deposit. 1234. Please select a rate and term length.

View More ›
Who is offering money to open a checking account? ›

The 10 best checking account bonuses for June 2024: earn up to $700
Bank & accountBonus amountLearn more
Axos Bank: Rewards Checking$300View offer at Axos Bank
PNC Bank: Virtual Wallet with Performance Select$400Read our review
BMO: Relationship Checking$500Read our review
Chase: Chase Total Checking$300Read our review
6 more rows

Learn More ›
What is the interest rate for U.S. Bank bonus? ›

The bonus interest rate will be 3.50% when your account balance tier is less than $25,000. The bonus interest rate will be 4.50% when your account balance tier is $25,000 to $2,999,999.99.

Read On ›
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