US Bank has another promotion for new Bank Smartly checking accounts that offers up to a $450 bonus with fairly simple requirements. This deal is available in states within US Bank’s footprint and requires signing up for online banking and making at least two direct deposits within the first 90 days. The total amount of the direct deposits will determine the bonus. In order to get the full $450, your direct deposits must total $8,000 or more.
In addition to the regular US Bank checking promotion, Swagbucks is currently offering 10,000 points (worth $100 via a PayPal gift card) for clicking through to US Bank and then opening a checking account. This will stack with the $450 bonus, bringing the total haul up to $550.
US Bank used to allow $3,000 of credit card funding on new personal checking accounts, but that’s been reduced and is now only $250 (still, use it if you got it). This does change periodically, so if you someone does the deal and finds that they are able to deposit more, please let us know in the comments.
The Deal
- US Bank is offering a bonus of up to $450 when you open a new Bank Smartly checking account using the promotion link and complete the following requirements within 90 days:
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- Enroll in online banking or the U.S. Bank Mobile App.
- Complete two or more direct deposits within the first 90 days
- Your bonus is determined by the total amount of your direct deposits
- Earn $250 when your direct deposits total between $2,000 and $4,999.99.
- Earn $350 when your direct deposits total between $5,000 and $7,999.99.
- Earn $450 when your direct deposits total $8,000 or more.
- Expires 4/17/25
- $6.95 monthly fee (waived if you have a US Bank Credit Card or maintain a $1,500 monthly balance or have monthly direct deposits totaling $1000+)
- Check US Bank locations here
- See Doctor of Credit’s list of what counts as direct deposits with US Bank (it’s a lot)
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- Add another $100 to the total amount by clicking through from the shopping portal Swagbucks, opening a checking account and depositing at least $25. The brings the total up to $550.
Direct link to US Bank promotion without Swagbucks
Terms and Conditions
- To be eligible, you or any owner(s) on your new Bank Smartly Checking account cannot have an existing U.S. Bank consumer checking account, had a U.S. Bank consumer checking account in the last 12 months or received other U.S. Bank consumer checking bonus offers within the past 12 months.
- To receive the bonus, you must open a new U.S. Bank Smartly® Checking account with a minimum deposit of $25 either online, in a branch or over the phone from November 5, 2024 through and including April 17, 2025.
- Additionally, you must enroll in the U.S. Bank Mobile App or online banking within 90 days of opening your account.
- You must also complete two or more direct deposits within 90 days of opening your account that total: $2,000 to $4,999.99 to earn the $250 bonus, $5,000 to $7,999.99 to earn the $350 bonus, or $8,000 or more to earn the $450 bonus.
- A direct deposit is an electronic deposit of your paycheck made through the Automated Clearing House (ACH) network or an electronic deposit of your government benefits, such as Social Security, from your employer or the government. Other electronic deposits or person-to-person payments are not considered a direct deposit.
- Your checking bonus (“adjusted interest”) 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. Account must be open and have a positive balance 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 checking account bonus offers.
Quick Thoughts
This is a good bank bonus opportunity that comes around regularly; we’ve covered version between $400-$600 before.
The requirements are fairly simple: make at least two “direct deposits” within ninety days of account opening and sign-up for mobile or online banking. US Bank is known as one of the easier banks in terms of what’s considered a direct deposit and ACH transfers work from many common banks (you can see the full DOC list here). While the direct deposit totals are relatively high, there’s no requirement that the money stay in the account, so you should be able to transfer the money back out after it goes in.
If you don’t have a US Bank credit card, the Bank Smartly account is easy to keep free, requiring a $1500 annual monthly balance or monthly direct deposits totaling $1000+. If you have a personal US Bank credit card, the monthly fee is waived. Members of the US Military also get the fee waived.
The bonus is limited to those states that have a US Bank branch (which is a wide net…see locations here). That said, if you happen to live in one of the states that doesn’t have a branch, most folks are able to get around this requirement if they have or open a US Bank credit card as well.
US Bank is fairly strict on its churning rules so I wouldn’t mess with it if you’ve had an account or received a US Bank bonus within the past twelve months. If you haven’t, this could be easy money.
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Very weird – when i click through to US bank, it says the offer is valid through 4/17/25. But then on top of the application it shows “We weren’t able to add this offer to your application.”
Any suggestions?
Can you push $4001 then withdrawal and push the same $4001 again to get the bonus?
In order to stay eligible for future promos, and considering the $0 monthly fee with a US bank CC, is there a best practice for amount of time to keep the account open after successfully receiving the bonus? For example, in the credit card SUP space, we usually wait until the new annual fee has posted, so ~ 12 months + a few days.
Also, adding data point. My second DD posted to my account on 2025.01.30, and the bonus was deposited to my account the following day. That is incredibly fast.
I opened this account 1/10, immediately did 2 ACH deposits for $4050 each, then withdrew $5k in 1/14 to get that money back into a higher yield savings account. I got my $450 bonus on 1/21, shockingly fast!
The bonus tracker is great, but how long does it take to register direct deposits? I’ve pushed money in from Schwab brokerage as well as Cap1, both of which are listed in DoC as being successful, but days later neither is showing up in my bonus tracker. Strangely, only the $0.71 from tiny direct deposits used to verify the account linkage has registered as counting toward the bonus requirement. That represents the deposits made from both Schwab and Cap1 so hopefully the bigger pushes will soon show up.
Where is the bonus tracker located?
go to your account and scroll until you see it. It is on the web and in the app, both. Also the direct deposits from Schwab qualified for the bonus requirements; just took a little time. Received 450 bonus quickly too, only a couple weeks.
The USB link on the swagbucks page is giving me too many redirects error across browsers and devices. Wonder if anyone else is seeing that.
The link to states have a US Bank branch no longer exists. Does anyone know off hand?
The FAQ from this site: https://www.usbank.com/locations/search/ provides the below.
Which states have U.S. Bank branches?
Fine print for the offer says: “Offer may not be available if you live outside of the U.S. Bank footprint.” May not also means may be.
Do you know if Texas would be considered “within the US Bank footprint”? From what I find on the website there is just one business banking location in Ft. Worth, TX.
If you have a consumer (not business) US Bank credit card this usually qualifies you to open an account nationwide.