Update 10/1/25: $1,000 bonus has been increased to $1,200.
Offer at a glance
Maximum bonus amount: $1,000
Availability: Nationwide (excludes NY & FL and any other state without a branch unless you have an existing relationship)
Direct deposit required: None
Additional requirements: See below
Hard/soft pull: Soft pull
ChexSystems: Mixed data points
Credit card funding: Can fund up to $3,000 with a credit card
Monthly fees: None with paperless statements
Early account termination fee: None
Household limit: None
Expiration date: 6/30/25
The Offer
Direct link to offer
U.S. Bank is offering a bonus of up to $1,200 when you open a new business checking account when you use promo code Q4AFL25
Earn $1,200 when you open a Platinum Business Checking Account package
Deposit at least $25,000 in new money within 30 days of account opening
Maintain at least that balance for 60 days after opening the account
Complete 5 qualifying transactions.
Earn $400 when you open a Silver Business Checking Account package
Deposit at least $5,000 in new money within 30 days of account opening (Silver or Business Essentials)
Maintain at least that balance for 60 days after opening the account
Complete 5 qualifying transactions.
The Fine Print
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Silver account has no monthly fees to worry about as long as you opt in for paperless statements.
Platinum account has a $30 monthly fee, this is waived if you
An active U.S. Bank Payment Solutions Merchant Account or
$25,000 average collected checking balance $75,000 combined average collected business deposits and outstanding business credit balances
Early Account Termination Fee
There is no early account termination fee to worry about
Our Verdict
Previously there was a $800 business checking bonus with the same requirements as the current $900 bonus but it only required a silver account which is much easier to keep fee free. Because of that I think the old $800 bonus is actually better. That being said the new $400 bonus is the exact same requirements as the old $300 bonus with the same account needing to be opened so that is an improvement and worth doing. Given the churn period is now only 12 months I do think the $400 bonus is worth doing and we will add it to our best business bank bonus page.
Hat tip to reader Jack
Useful posts regarding bank bonuses:
Post history:
Update 7/1/25: This has been extended to September 30, 2025. $900 bonus is now $1,000. $500 bonus down to $400
Update 4/6/25: extended to 6/30/25. Promo code: Q2AFL25
Update 1/18/25: Extended to March 31, 2025. Lowest tier is now $500 (was $400). $900 bonus now only requires a $25,000 bonus instead of $30,000.
