US Bank Offers $200 Summer Checking Bonus

UPDATE 7/10/2017: As some DA readers have noted in the Comments section below, this offer is not available nationwide. I have included more detail in the Availability section below. Thank you, DA readers!

It’s July, which means it's time for a US Bank checking bonus. This is the fourth year in a row that US Bank has offered a summer themed bonus.

Pack your bags for summer adventure season!

This year’s bonus doesn’t have a catchy name, but it does offer a $200 bonus (as compared to last summer's $150 bonus) when opening a new Silver, Gold, or Platinum Checking account, now through August 21, 2017.

$200 Bonus Requirements

• Use the promo code (emailed or sent by text) when opening a new checking account.
• Complete one or more direct deposits totaling at least $500 within 60 days of account opening, or
• Make two or more online bill payments (of at least $25 each) within 60 days of account opening.
• The bonus will post within 60 days of the above requirements being met, provided your checking account is still open.

Limitations

• Minimum $25 opening deposit.
• Not available to existing US Bank checking account customers.
• Not available to customers who have closed a US Bank checking account in the last six months.
• Not valid if another US Bank bonus has been received in the last six months.
• Cannot be combined with any other checking promotion.

Checking Accounts

The Silver, Gold, and Platinum Checking Accounts can all be opened with a $25 minimum deposit. Of the three, the Silver Checking is probably the best option, since it has the lowest monthly maintenance fees.

$8.95 fee, with paper statements

$6.95 fee, with eStatements

$0 fee, with a fee-free Package Money Market Savings account and either

a combined monthly direct deposits totaling $1k, or
a combined average deposit balance of $1.5k

For complete details on all three checking accounts, please refer to US Bank’s Compare Checking Accounts page.

Availability

Headquartered in Cincinnati, Ohio, US Bank is offering this year’s $200 Summer Checking promotion between June 24 and August 21, 2017, to U.S. residents, 18 years or older, who reside in Arkansas, Arizona, California, Colorado, Florida, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Minnesota, Missouri, Montana, North Dakota, Nebraska, New Mexico, Nevada, Ohio, Oregon, South Dakota, Tennessee, Utah, Washington, Wisconsin, and Wyoming.

UPDATE - CSR stated that the $200 bonus is both “nationwide and not-nationwide,” which sounds like an oxymoron. He explained while the bonus is available to ALL residents in the above named 26 states, it is also available to residents of the other 24 states who have an existing relationship with US Bank. For example, if you have a credit card through US Bank that you opened while living in California and you now live in New York, you are eligible to apply for the $200 bonus.

Opening a new checking account and applying for the bonus can be done online, using the 24-hour phone banker (866.506.5585), or in person at any of more than 3,200 full-service branches located in 26 states.

The promotion code must be used when applying for the bonus, whether online, by phone, or in person.

Enter mobile phone number or email address to receive your promotion code.

Bank Overview

US Bank, has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 4.25% (excellent), based on March 31, 2017 data. In the past year, US Bank has increased its total non-brokered deposits by $23.93 billion, an excellent annual growth rate of 8.38%. Please refer to our financial overview of US Bank (FDIC Certificate # 6548) for more details.

Founded in 1863 as The First National Bank of Cincinnati, today’s US Bank has assets in excess of $443 billion and more than 18.9 million customer accounts. In 154 years of continuous operation, US Bank has acquired 58 financial institutions in 25 states to become the fifth largest bank in the nation.

Other Bank Promotions and Bonuses

Not eligible for US Bank’s checking bonus? Check out my latest bank and credit union bonus blog posts to find other promotions. In addition, DepositAccounts.com readers and I also post often on bonuses in the Bank Promotions Forum.