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US Bank's "Power Up Your Summer" with $150 Bonus for New Checking


US Bank (OH) is helping to "Power Up Your Summer" with a cash bonus of up to $150 when opening a new checking account. In addition, when the account is opened ($25 minimum), you are automatically entered for a chance to win a 2014 Tesla Model S or $100K in cash. US Bank offers five checking accounts (Easy Checking, Silver Checking, Gold Checking, Premium Checking and Platinum Checking) that are connected to this promotion. Any of these accounts can be opened online, by phone or in person.

To qualify the checking account must be opened by September 12, 2014 and one of the following requirements must be met by October 31, 2014:

  • Direct deposits totaling at least $500
  • Three or more online bill pay transactions

Popular US Bank Checking Accounts Rates and Features

The Easy Checking account's monthly service fee can be waived if an average balance of $1.5K is maintained, OR combined monthly direct deposits totaling $1K.

The Premium Checking earns 0.01% APY on balances less than $10K and 0.05% APY on balances above $10K. The monthly service fee can be waived if the account holder is age 65 or older, OR if the account maintains an average balance of $5K.

Many thanks to DA member Larkin for his Forum post about Power Up Your Summer.

Additional Promo

In addition to the Power Up Your Summer promotion, US Bank is offering its "Start Today and Rewards Tomorrow" (S.T.A.R.T.), an option with their Silver, Gold or Platinum Checking accounts, paired with a Package Money Market Savings account. S.T.A.R.T. establishes automatic, recurring transfers (amount and frequency set by you) to your Package Money Market Savings. When the balance reaches $1K, you earn a $50 US Bank Rewards Visa Card, and if that $1K remains in the account for 1 year or more, you earn another $50 Rewards Card.


US Bank is the 5th largest commercial bank in the United States, with 3,140 banking offices and 5,086 ATMs in 28 states. Nationally available, accounts can be opened online, by phone or in person.

Side note: an account at US Bank is not a requirement for entry into the Tesla Model S contest. Anyone may enter the contest by filling out an entry form on US Bank's website.

For a list of all US Bank locations, click on this link.

Bank Overview

US Bank (OH) has an A+ rating on DA and a Texas Ratio of 7.78% (excellent). In the past year, US Bank's total deposits have grown by $18.23 Billion, an increase of 7.24% (based on March 31, 2014 data). US Bank has an capitalization level of 12.06% (excellent) with $367.1 Billion in assets, $44.28 Billion of which is equity.

Please refer to our financial overview of US Bank (OH) for more details.

The above rates are accurate as of 7/22/2014.

Related Pages: US Bank (OH)

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Drifter (anonymous)   |     |   Comment #1
Opened a Silver Checking Package with START a few days ago. Learned that US Bank needed to go to my credit file (TransUnion) before approval. No sure if it's a soft or hard pull.
But the opening process was easy. I am in MD where there are no branches (and very few US Bank ATMs). To gauge their C/S, I called first with a few questions, I would rate the call a 8 out of 10 (waited about 3.5 mins to speak with a rep). Then I opened the account online. Waiting for my Debit Card and Account Opening Package.
Anonymous   |     |   Comment #2
And if one pulled a report on USBancorp they paid US Gov't $200M for failure of management oversight...are those same people there?
Jason in Texas
Jason in Texas (anonymous)   |     |   Comment #3
Can anybody attest to the direct deposit policies?  Will a bill pay from another bank account work?
Anonymous   |     |   Comment #4
To anyone who has done this, I want to open a silver checking acct and
get the $150 promo, and enroll in the START program to get the $50 + $50 visa rewards card.
I called usbank rep, but I'm not sure i have it all straight, so would you mind stepping
me thru the process, so I don't miss anything. looks like if you miss steps, you may miss
the bonuses. are these the steps?

*) use link above to go to 'power up' online
*) enter promo code 150POWR
*) select CHECKING acct to open:  'silver checking acct'
*) enter whatever info they ask for, including opening funding source.
   i think i'd prefer ach rather than credit card to avoid any cash advance fee.
   per csr, there's an option for ach to get the opening deposit ?
*) this completes opening silver checking acct, or
   does this complete opening both the silver checking & mm package savings acct ?

how do I insure I'm enrolled in the START program for the visa bonuses? 
looks like no PROMO code.
is that part of the process above, or do I do something after opening the
silver checking and mm package savings account to get enrolled in the START
program.  Thanks.
Anonymous   |     |   Comment #5
Are there any current promotions at US bank for opening checking account