This is a targeted promotion so I'm labeling this a "your miles may vary" (YMMV) deal.
US Bank is offering $150 for opening a new checking account by September 30, 2012 and setting up a recurring direct deposit of at least $100 within 60 days of account opening.
Here's the promo pagewww.usbank.com/bonus150
The promo code is CK0930A
Here's the offer's small print. Note the first sentence which warns about it being targeted:
This offer is restricted to recipients of an offer via mail or email and is not transferable. A $25 minimum balance is required to open a U.S. Bank Checking account. Earn your cash bonus by opening a new consumer checking account by September 30, 2012 and setting up a recurring direct deposit of at least $100 within 60 days of account opening. You must use your Promotion Code when you apply. Your bonus will be reported as interest earned on IRS Form 1099-INT and will be credited to your new checking account within 6-8 weeks after direct deposit is established assuming account is open and in good standing. Offer may not be combined with any other cash bonus or marketing offers. One offer per household. Other restrictions may apply.
If you're interested, you may want to call US Bank and ask if you can be eligible for this offer.
Don't forget that US Bank checking accounts have potential monthtly fees. You can compare the US Bank checking accounts here
Credit for this find goes to this Fatwallet thread