US Bank has a promotion for new Business Checking accounts that offers either a $400 or $1200 bonus with very simple requirements. This deal is available in states within US Bank’s footprint (or for US Bank cardholders) and requires making one or more deposits totaling either $5,000 or $25,000 within 30 days of account opening, holding that money in the account until 60 days after account opening, then making five transactions. The total of the deposits and the account type will determine the bonus amount. $5,000 gets you $400; $25,000 gets you $1200.
US Bank is again allowing up to $3,000 of credit card funding on new accounts, so use it if you got it.
The Deal
- US Bank is offering a bonus of $400-$1200 when opening a U.S. Bank Business Checking account using promo code Q1AFL2T6 and completing the following requirements within 30 days of opening:
- For the $400 bonus, open a Business Essentials checking account and complete one or more deposits totaling $5,000 or more within 30 days and maintain the balance for 60 days, both from account opening. You also must complete five qualifying transactions
- For the $1200 bonus, open a Platinum checking account and complete one or more deposits totaling $25,000 or more within 30 days, and maintain the balance for 60 days, both from account opening
- Qualifying transactions include: Debit card purchases, ACH credits, Wire Transfer credits and debits, Zelle® credits and debits, U.S. Bank Mobile Check Deposit, or Bill Pay.
- Expires 3/31/2026
Terms and Conditions
- Promo code Q1AFL26 MUST be used when opening a U.S. Bank Business Essentials®, or Platinum Business Checking account. Limit of one bonus per business. A $100 minimum deposit is required to open one of the referenced accounts. Business Essentials is not available in all markets; contact a banker for more details.
- Limit of one Business Checking bonus per business.
- A $100 minimum deposit is required to open one of the referenced accounts.
- To earn a business checking bonus, open a qualifying U.S. Bank business checking account between 1/15/2026 and 3/31/2026. Make the required deposit(s) in new money within 30 days of account opening, maintain the same required daily balance through the 60th day, and complete 6 qualifying transactions based on posted date within 60 days of account opening.
- Business Essentials: $400 bonus with $5,000 deposits and daily balance
- Platinum Business Checking: $1,200 bonus with $25,000 deposits and daily balance
- Qualifying transactions include debit card purchases, ACH and wire credits or debits, Zelle credits or debits, U.S. Bank mobile check deposit, electronic or paper checks, bill pay (excluding payments made by credit card), and payment received via U.S. Bank Payment Solutions. Other transactions, such as person-to-person payments, credit card transfers, or transfers between U.S. Bank accounts, are not eligible.
- New money is defined as funds from outside U.S. Bank and cannot be transferred from another U.S. Bank product or a U.S. Bank Affiliate.
- The business checking bonus will be deposited into your new eligible U.S. Bank Business Checking account within 30 days following the last calendar day of the month you complete all of the offer requirements, as long as the account is open and has a positive available balance.
- Bonus will be reported as interest earned on IRS Form 1099-INT and recipient is responsible for any applicable taxes. Current U.S. Bank employees are not eligible. U.S. Bank reserves the right to withdraw this offer at any time without notice.
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Monthly Maintenance Fee Waiver Options for Platinum Business Checking: U.S. Bank Payment Solutions OR $25,000 average collected account balance OR $75,000 combined average collected balances across all U.S. Bank business deposit accounts and outstanding business credit balances.
Quick Thoughts
This is an easy checking account bonus: the requirements are very simple: make deposits totaling $ 5,000 or $25,000 within 30 days of account opening, hold the money in the account for 60 days after account opening, sign up for online banking, and complete 5 transactions on the account. That’s it.
Since you can open an account with as little as $100, you don’t need to deposit the remainder until day 25-30. After 60 days (from account opening), you just need to maintain a positive balance until the bonus gets credited (US Bank gives itself up to 45 days to do that). So, you shouldn’t have to leave the full amount in the account for longer than 30-35 days.
There are two different types of business checking. You can get the $400 bonus by signing up for Business Essentials, which has no maintenance fees. The account is limited to 125 transactions per month, and each transaction incurs a $.50 fee. Why would you do more than 125 transactions in a month?
The $1200 bonus now requires a Platinum checking account. Previously, you could get the higher level with Business Essentials, but now that you must open the higher-level account, maintenance fees become a bigger issue. It’s $30/month, unless you maintain an average minimum balance of $25,000. That’s no big deal for the month that you keep the $25K in the account, but there’s still the first month (before you deposit the lion’s share of the money) and the last month while you’re waiting for the bonus to be credited.
Leaving the cash in means you’d be forgoing ~$100/month to save $30 in maintenance fees… which seems like a bad deal to me. It’s probably better to just take the money out and know you’ll pay ~$60 in fees, bringing the total bonus closer to $1000 ($1200 – ~$60 in fees and ~$125 in interest on the money you have tied up for a month).
US Bank bonuses have usually been limited to states with a US Bank branch (which is a wide net… see locations here). If you live in one of the states without a branch, you used to be able to get around this requirement by opening a US Bank brokerage account first and then opening the checking account later. Based on previous comments, it sounds like US Bank may have closed that loophole but is now allowing folks with a US Bank credit card to open checking accounts, even if they’re outside the US Bank footprint.
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 year. If you haven’t, this is easy money.
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Be careful to check the fine prints yourself! I went into a branch to open my account when I received the solicitation mailer and even asked the banker to make sure I qualify or I won’t open the account. She said no problem. After almost 3 months and transferring over $60,000 (checking along the way that I didn’t miss any requirements), and after being told the bonus should post any day, I found out my bonus is “under investigation”. Apparently I had an account previously which I closed 11 1/2 months prior. And their fine print says those who closed an account less than 12 months before are ineligible. I was not aware of it at all. The banker missed it and all they could say was “sorry”. Classic bait and switch… all they want to do is get you to open the account and then find every excuse not to give you your money. Irresponsible behavior by their staff. Highly unprofessional!
It’s up to $1500 with code: Q1BUS26. Just signed up and it worked. Full terms here: https://www.doctorofcredit.com/u-s-bank-400-900-business-checking-bonus/#comment-2232050
did anyone received $1500 not $1200
Has anyone recently done the $1200 business bonus with only keeping the required $25k in the account from day 30 – day 61? Just want to confirm you only need to keep the $25k in the account for little over a month.
I have the same concern. Thanks for posting!
What are the negatives to closing the account as soon as the bonus hits? Or better to downgrade (if possible)?
The bonus is occasionally bigger. I was able to sign up for a $1500 bonus last quarter (but it required a State Farm tie-in, which I had because my home insurance is through them). So if you miss this one, there is a better one lurking out there.
I just got the 1200 dollars bonus, I can’t seem to find any information about clawbacks if I close my account now ?
Can I open mutiple different business account for different business with like ownership or do they limit the number?
Try it and let us know.
Where is the $100/month coming from for lost money if $25k cash is kept in the account? That’s 4.8% annually tax free. Where can I get this?
In lost interest it could be earning in a HY savings account. Opportunity costs
Think its just a back of the envelope calculation. You don’t need to factor taxes because both are taxed. And you are right best right now is 4.4 with a bonus, but the $100 is just a placeholder.