U.S. Bank $400 Checking + $200 Savings Account Bonus [Targeted] – Ended

Earn up to $400 with a new U.S. Bank checking account and an additional $200 for their savings account with this offer. This offer is being targeted via mail. Full details below!

Update 10/12/2023: The offer ended. Consider this $600 off from BMO Bank instead.

Offer Details

• What you’ll get: Up to $600
• Where it’s available: Nationwide (excludes NY & FL and any other state without a branch unless you have an existing relationship)
• How to earn it:
  • Open a U.S. Bank Smartly® Checking account online, in a branch, or over the phone with an opening deposit of $25.
  • Enroll in the U.S. Bank Mobile App or online banking.
  • Complete two or more direct deposits within 90 days.
  • Earn $200 when your direct deposits total $3,000 to $5,999.99.
  • Earn $400 when your direct deposits total $6,000 or more.
  • Open a U.S. Bank Standard Savings account online, in a branch, or over the phone with an opening deposit of $25 by Aug. 2.
  • Deposit $20,000 or more in new money by Aug. 31.
  • Maintain a minimum total account balance of $20,000 through Nov. 30.
  • Use the promo code 23DMP04 when applying for both the checking and savings account.
• When it expires: Savings offer expires 8/2/2023

Waive The Monthly Fee

To waive the monthly fee for U.S. Bank Smartly Checking:

• 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.

To waive the monthly fee for the Standard Savings account:

• Maintain a $300 minimum daily balance.
• Keep a $1,000 average monthly collected balance.
• Hold the account jointly with a youth.

READ MORE: GET THIS CHECKING OFFER FROM FIFTH THIRD BANK BEFORE IT ENDS

Fine Print

• Offer is valid for the intended recipient only and is not transferable.
• Address on the new account must match the address on the mail piece to be eligible for the bonus.
• The promotion code may only be used once.
• Bonus will not be paid if the promotion code is retrieved by an unintended recipient or from a deals website.
• A minimum deposit of $25 is required to open a U.S. Bank Smartly® Checking account.
• To earn the $200 or $400 bonus, open a new U.S. Bank Smartly® Checking account and enroll in online banking or the U.S. Bank Mobile App within 90 days.
• Complete two or more direct deposits within 90 days totaling $3,000 to $5,999.99 for the $200 bonus, or $6,000 or more for the $400 bonus.
• Direct deposits must be electronic deposits of paychecks or government benefits, not including other electronic deposits or person-to-person payments.
• The checking bonus will be deposited within 60 days of direct deposit verification and verification of enrollment in online banking or the U.S. Bank Mobile App, as long as the account remains open and has a positive balance.
• The bonus will be reported as interest earned on IRS form 1099-INT, and any applicable taxes are the responsibility of the recipient.
• The offer cannot be combined with other checking account bonus offers and is not valid for existing U.S. Bank consumer checking account holders or recent recipients of U.S. Bank bonus offers.
• A $25 minimum deposit is required to open a U.S. Bank Standard Savings account.
• Earn a $200 bonus by opening a new Standard Savings account, making deposit(s) of $20,000 or more by August 31, and maintaining a minimum total account balance of $20,000 through November 30.
• The $200 bonus will be credited to the savings account within 60 days of final balance verification.
• Standard Savings account has a variable interest rate, and fees may reduce earnings on the account.
• The offer cannot be combined with other savings account bonus offers and is not valid for existing U.S. Bank savings account holders or recent recipients of U.S. Bank savings bonus offers.
• Limit one checking and savings bonus per eligible account.
• Current U.S. Bank employees are eligible.
• Offer may not be available outside the U.S. Bank footprint or through Alliance partnerships.
• Offer not available with Trust Accounts.
• Other restrictions may apply, and standard account terms, conditions, and opening procedures apply.
• The promotion code listed on the offer must be used during the application process, and if navigating away from the page, the code must be manually entered.

Bottom Line

The $400 checking bonus isn’t as good as the recent $500 bonus. If you missed out on the $500 bonus last time, I would suggest waiting for it to hopefully come back.

For the savings bonus, you have to keep at least $25,000 tied up for three months. Instead, if you put that money in a regular savings account earning 4%+ APY, you would earn $250 anyway without having to open a new account.

More from U.S. Bank:

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READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.