Earn up to $500 when you open a new eligible U.S. Bank Smartly™ Checking account and complete required activities, including direct deposits.
- Note: There is targeted language in the terms. “This offer is valid for the intended recipient only and is not transferable.”
- Update 11/28/22: Offer is back and valid until Dec. 31, 2022.
Compare this offer with the $300 bonus here.
See the Posts History below for all current offers.
About The Promotion
U.S. Bank $500 Smartly Checking Bonus
- What you’ll get: up to $500
- 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: Complete these steps within 60 days of opening your new checking account in a branch, online or over the phone:
- Enroll in online banking or the U.S. Bank Mobile App.
- Complete two or more direct deposits.
- Your bonus amount is determined by the total amount of direct deposits:
- Earn $300 when your direct deposits total $3,000 to $5,999.
- Earn $500 when your direct deposits total $6,000 or more.
- When it expires: 12/31/2022
Waive The Monthly Fee
This account 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
Fine Print
- A minimum deposit of $25 is required to open a U.S. Bank consumer checking account.
- The checking account must be opened in a branch, online or over the phone.
- Additionally, you must enroll in online banking or the U.S. Bank Mobile App within 60 days of opening your account.
- You must also complete two or more direct deposits within 60 days of opening your account that total: $3,000 to $5,999.99 to earn the $300 bonus, or $6,000 or more to earn the $500 bonus.
- A direct deposit is an electronic deposit of your paycheck or 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.
- The checking bonus will be deposited into your new checking account within 60 days of direct deposit verification and verification of enrollment in online banking or the U.S. Bank Mobile App as long as your account is open and has a positive balance.
- 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.
- Offer is not valid if you or any signer on the account has an existing U.S. Bank consumer checking account, had a U.S. Bank consumer checking account in the last two years, or received other U.S. Bank bonus offers within the past two years.
Bottom Line
This is the best version of this bonus. Sometimes it’s for $400 or even $300. If you have had the account in the last two years, you are not eligible.
Posts History:
- Best U.S. Bank Bonuses, Promotions of May 2023
- U.S. Bank Payment Solution Merchant Services $500 Bonus Offer – Ends 6/30/23
- U.S. Bank Smartly® Checking up to $400 Bonus – Ends 6/20/2023
- U.S. Bank Business Checking Account Up To $750 Bonus – Ends 6/30/23
- U.S. Bank Altitude Reserve Visa Infinite Card 50,000 Bonus Points
- U.S. Bank Altitude Connect Visa Card 50,000 Bonus Points
- U.S. Bank Business Altitude Connect World Elite Mastercard: New Card Launch Targeting Business Travelers
- U.S. Bank Launches New Business Credit Card: U.S. Bank Business Altitude Power World Elite Mastercard
- U.S. Bank $500 Business Checking & $600 Payment Solutions Offers – Ended
- U.S. Bank Up To $1,000 Brokerage Account Bonus – Ended
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
