Advertiser and Editorial Disclosures The content below is NOT endorsed by the bank, and you should make sure to verify all terms and conditions with the bank itself before opening an account.
US Bank has built a pretty good track record of offering substantial bonuses that don't require a lot of work, and this is certainly one of them.
To get the $300 bonus, all you have to do is set up a reoccurring direct deposit (at least 2) totaling $2,000 within the first 2 months. A bit confusing but basically, you just need to have $2,000 in the account via direct deposit by the deadline. Make sure to also enroll in estatements to qualify. Once these requirements are completed, the bonus will be paid out 2 months after.
We recommend opening the Easy Checking as it has the lowest monthly fees. The fees for all 3 accounts (Easy Checking, Gold Checking, and Platinum Checking) are all avoidable but with varying qualifying activities.
US Bank is a household name when it comes to financial institutions so they have the brand and reputation already established. They're a great option if you're looking for a big bank that has stability and a plethora of product and services offerings. It's a good opportunity to start a financial relationship with US Bank to open doors to their great credit card as well.
Let us know what you think in the comments below!
Monday, August 31, 2020
Direct deposit - Amount | Frequency
Yes - $2,000 | 20
Savings requirement | time
How to avoid monthly fees
Maintain a balance of $1,500, monthly direct deposits of $1,000+, or account holder age 65+,.
Wait for reward (expected)
Leave account open
Other fine print
A minimum deposit of $25 is required to open a U.S. Bank consumer checking account. 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 six months, or received other U.S. Bank bonus offers within the past 12 months.