U.S. Bank $400 Checking Bonus

Offer at a glance

• Maximum bonus amount: $400
• Availability: Nationwide (excludes NY & FL and any other state without a branch unless you have an existing relationship)
• Direct deposit required: Yes
• Additional requirements: None
• Hard/soft pull: Soft
• ChexSystems: Mixed data points
• Credit card funding: Can fund up to $250 with a credit card
• Monthly fees: $6.95, avoidable
• Early account termination fee: None
• Household limit: None
• Expiration date: July 31, 2025

The Offer

Direct link to offer

• U.S. Bank is offering a $400 bonus when you open a new Smartly checking account. Requirements are as follows:
  • Checking bonus:
    • Earn $200 when the combined total of your direct deposits is between $2,000 and $4,999.99
    • Earn $400 when the combined total of your direct deposits is $8,000 or more.

The Fine Print

• U.S. Bank Smartly® Checking bonus: 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 online from June 3, 2025 through and including July 31, 2025 through this promotional offer web page.
• Your promotional offer will be automatically applied.
• 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: $3,000 to $4,999.99 to earn the $200 bonus, or $5,000 or more to earn the $400 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 completion of 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.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

U.S. Bank Smartly has a $6.95 monthly fee, this is waived if you do any of the following:

• Have combined monthly direct deposits totaling $1,000 or more
• Keep a minimum average account balance of $1,500 or more
• Hold an eligible U.S. Bank credit card
• Qualify for one of the four Smart Rewards™ tiers (Primary, Plus, Premium or Pinnacle)
• Be a military member (requires self disclosure)
• Be under the age of 24 or over the age of 65

Early Account Termination Fee

There is no early account termination fee to worry about

Our Verdict

Not as good as the $500 or $450 recent bonuses. Even though this bonus can be churned every 12 months, I think it still makes sense to wait until the end of this month to see if a bigger bonus returns or not. Because of that we won’t be adding this to our best bank bonus pages.

Hat tip to reader pitbox

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