U.S. Bank Business Essentials
Active · verified 14 days agoExpires Sep 27, 2026
No monthly feeHigh bonusCC funding acceptedRegional
$500
Our take
- Best value of the three tiers per dollar tied up — $500 for a $5,000 deposit, and the only one of the three with no monthly fee to manage. Worth it even without serious cash to park.
- Promo code Q3BUS26 must be entered when you open the account — it's a hard requirement in the official terms, not a nice-to-have.
- Watch what counts toward the 6 required transactions: debit purchases, ACH/wire, checks, and bill pay all qualify, but P2P payments, transfers between U.S. Bank accounts, and payments to a U.S. Bank credit card don't.
- Hold $5,000+ through day 60, then keep the account open with a positive balance until the bonus lands — it pays out within 30 days after the month-end you finish everything, and shows up as interest income on a 1099-INT.
Choose your tier
Bonus and fee both differ by tier — compare and pick one below.
Business Essentials$500No monthly fee
Gold Business Checking$900$20/mo
Fee waiver — any one of:
- Maintain at least a $10,000 average balance during the statement cycle.
Platinum Business Checking$1,500$30/mo
Fee waiver — any one of:
- Keep an active U.S. Bank Payment Solutions merchant account.
- Maintain a $25,000 average collected balance in the Platinum Business Checking account.
- Maintain $75,000 in combined average collected balances across U.S. Bank business deposit accounts and outstanding business credit balances.
Core details
Requirements
Bring at least $5,000 in new money from outside U.S. Bank into the account within 30 days after opening.
After the qualifying funds arrive, keep the daily balance at or above $5,000 through day 60 after opening; account fees can reduce the qualifying balance.
Complete 6 qualifying posted transactions within 60 days after opening. Eligible activity includes debit-card purchases, ACH or wire credits or debits, Zelle credits or debits, mobile check deposits, electronic or paper check debits, eligible U.S. Bank business bill pay, and U.S. Bank Payment Solutions receipts.
Terms & reference
Terms & account details
Monthly feeNo monthly fee
Credit pullSoft pull
Payout timing30 days after requirements met
Credit card fundingYes
Early termination fee$0
Pulls EWSYes
Accepts frozen ChexSystemsYes