Check out this Summer Banking Bonus from U.S. Bank to earn $150 when you open a new consumer checking account and complete 1 or more direct deposits totaling at least $500 OR complete 2 or more U.S. Bank Bill Pay transactions of $25 each within 60 days of account opening, valid through August 12, 2016.
In addition, you can add a U.S. Bank credit card to your Silver, Gold, or Platinum Checking package and earn an extra $50 bonus when you make 2 separate net purchases totaling at least $25 each within 60 days of account opening.
I just found this U.S. Bank promotion being advertised while searching Google, and I’m especially excited to post about this offer, because this deal is available nationally, they only perform a soft pull, and you can fund your new account with a credit card for up to $500.
Updated June 28, 2016: This offer was first available in 2014, when it was called “Power Up Your Summer,” and again in 2015, when it was called “Power Up Your Home.” In 2014, you could get a $150 bonus, while you could only get $125 in 2015. Also in 2015, you could no longer qualify with the Easy Checking account.
U.S. Bank Accounts Available throughout U.S.A.
According to the customer service rep that I chatted with, people are welcome to apply for a checking or savings account with U.S. Bank from any state, so this offer should be open nationally.
Soft Pull to Open U.S. Bank Checking Account
The rep also indicated that when you open a checking account, U.S. Bank will perform a soft pull to verify your identity and address, and it will not show on your credit report.
Use Credit Card to Fund U.S. Bank Checking Account
The rep also said that you can absolutely use a credit card to fund a new account (up to $500), including a U. S. Bank credit card, and it will process faster.
The opening deposit limit is $500, and if you use a U. S. Bank credit card, the opening deposit will NOT be considered a cash advance and will NOT have the higher APR.
You can also fund new accounts using another bank account, debit card, or credit card from another issuer, and the limit for all options is $500.
After the opening deposit, you can make regular deposits into the account either by visiting the branch, from another bank electronically, or if you want to deposit cash from a U.S. bank credit card (or another issuer’s card), it will be a cash advance at a higher APR rate in the future (at least for U.S. Bank cards).
4 Steps To Get $150 U.S. Bank Checking Bonus
1. Visit the Promo Code Request Page and enter your email address to request your unique coupon code via email.
2. Return to the Main Promotional Page and enter your Promo Code in the “Enter Your Promo Code” section.
3. Open your new U.S. Bank Silver, Gold, or Platinum Checking Package by August 12, 2016 (online, in branch, or by phone).
4. To receive your cash bonus, complete 1 or more direct deposits totaling at least $500 within 60 days OR complete 2 or more online bill pay transactions of $25 each or more within 60 days.
U.S. Bank Checking Promotional Details
A minimum deposit of $25 is required to open a U.S. Bank Checking account.
To earn the $150 bonus offer, open a new U.S. Bank Consumer Silver Checking Package, Gold Checking Package or Platinum Checking Package between and including June 25, 2016, and August 12, 2016.
Present your Summer Banking Bonus 2016 promotion code to a branch or 24-Hour phone banker or enter it online at account opening.
Additionally, you must complete 1 or more direct deposits totaling at least $500 OR complete 2 or more U.S. Bank Bill Pay transactions of $25 each or more (you are responsible to ensure sufficient funds are deposited to cover bill payments and enrollment in Online and/or Mobile banking is required) within 60 days of account opening.
The Checking Account bonus will be deposited into your new Checking Account within 60 days of Direct Deposit or Bill Pay verification, as long as your account is open.
Bonus will be reported as interest earned on IRS form 1099-INT and recipient is responsible for any applicable taxes.
Offer is not valid if you have an existing U.S. Bank consumer checking account, had a U.S. Bank consumer checking account in the last 6 months, or received other U.S. Bank bonus offers in 2016.
Earn Extra $50 with U.S. Bank Credit Card
You can add a U.S. Bank credit card to your Silver, Gold, or Platinum Checking package and earn an additional $50 bonus when you make 2 separate net purchases totaling at least $25 each within 60 days of account opening.
You do not need a promo code when you apply for your credit card.
U.S. Bank Credit Card Promotional Details
You will receive your $50 credit card bonus if you used a promo code to open your checking package and met the qualifying criteria to receive your $150 bonus.
Qualifying U.S. Bank Consumer Credit Cards: Cash+ Visa Signature, Cash+ Visa Platinum, Cash 365 American Express, FlexPerks Select+ American Express, FlexPerks Select Rewards Visa, Visa Platinum, FlexPerks Travel Rewards Visa Signature, and FlexPerks Gold American Express.
Cards that do not qualify are College Visa, Secured Visa and any other credit card not listed above.
One credit card offer per person, per household is permitted.
Cannot be combined with any other credit card offers except the “Easy as 1,2,3” bonus offer, which is only available at any U.S. Bank branch.
You must allow 6 to 8 weeks after you have met the promotional criteria for your statement credit to appear on your new U.S. Bank credit card account statement.
Offers are available to all legal residents of the United States and the District of Columbia who are 18 years or older.
Employees of U.S. Bancorp, U.S. Bank National Association, their respective affiliates and subsidiaries, and any immediate family members of such employees (defined as living in the same household) are not eligible for these offers.
U.S. Bank Checking Fees
A minimum deposit of $25 is required to open a U.S. Bank Checking Account.
For the Silver Checking Package, the fee is waived when you have a U.S. Bank Package Money Market Savings account and either a combined monthly direct deposit totaling $1,000 OR you maintain an average account balance of $1,500.
For the Gold Checking Package, the fee is waived when you have an open U.S. Bank personal loan, line of credit, or credit card account.
For the Platinum Checking Package, the fee is waived when you have $25,000 in combined personal deposits, investments, and/or credit balances OR if you have a relationship with U.S. Bank Trust Services.
Take advantage of this U.S. Bank promotional offer for a $150 bank bonus when you open a new personal checking account from U.S. Bank.
You may also be interested in the U.S. Bank START Smart Savings Program to earn additional bonus rewards from U.S. Bank.