The US Bank and State Farm link now has a higher $1,500 bonus, and people who are not State Farm customers have already succeeded. Note that AMEX funding for this account no longer counts as spending toward a card welcome bonus.
US Bank Business Checking is currently offering a $1,200 or $400 account opening bonus, and you can fund up to $3,000 with a credit card when opening the account. It counts as spending and can be used to help meet a card welcome bonus requirement (AMEX, Visa, and Mastercard can all be used; AMEX no longer counts as spending toward a card welcome bonus).
Based on reader data points, after applying for the $1,200 account opening bonus, you can call customer service and ask them to change the promo code to Q3BUS26. This code is for a $1,500 bonus, and the deposit requirements are exactly the same. You can also apply directly through the link below, but there is no account opening bonus landing page.
The terms are as follows:
Q3BUS26 good through 09/27/2026:Promo code Q3BUS26 MUST be used when opening a U.S. Bank Business Essentials®, Gold Business Checking, or Platinum Business Checking account. Limit of one bonus per business. A $25 minimum deposit is required to open one of the referenced accounts. To earn a business checking bonus, open a qualifying U.S. Bank business checking account between 07/01/2026 and 09/27/2026. Make the required deposit(s) in new money within 30 days of account opening, maintain the same required daily balance through the 60th day, and complete 6 qualifying transactions based on posted date within 60 days of account opening.* Business Essentials: $500 bonus with $5,000 deposits and daily balance* Gold Business Checking: $900 bonus with $10,000 deposits and daily balance* Platinum Business Checking: $1,500 bonus with $25,000 deposits and daily balance
The bonus requirements are as follows:
Open a US Bank Business Essentials account to earn a $400 bonus. The requirements are:
- Deposit $5,000 within 30 days (funds cannot come from US Bank products; credit card funding at account opening may not count)
- Maintain the $5,000 for at least 60 days
- Complete five account activities within 60 days (debit card purchases, ACH credits, wire transfer credits and debits, Zelle® credits and debits, US Bank mobile check deposit, or bill pay). The easiest option is simply to make five debit card purchases.
- Enroll in paperless statements to waive the monthly fee
Open a US Bank Business Platinum account to earn a $1,200 bonus. The requirements are:
- Deposit $25,000 within 30 days (funds cannot come from US Bank products; credit card funding at account opening may not count)
- Maintain the $25,000 for at least 60 days
- Complete five account activities within 60 days (debit card purchases, ACH credits, wire transfer credits and debits, Zelle® credits and debits, US Bank mobile check deposit, or bill pay). The easiest option is simply to make five debit card purchases.
- Enroll in paperless statements and open a merchant tool to waive the monthly fee
This bonus is very good, so I have added it to the best bank account bonuses ranking.
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Basic Information
- Application link: US Bank Business Checking
- Maximum bonus amount: $1,200/$400
- Availability: Nationwide (excluding New York, Florida, and any other states without branches, unless you already hold any US Bank product)
- Direct Deposit required: No
- Impact on personal credit: No
- Credit card funding: Up to $3,000 can be funded by credit card at account opening (counts as regular purchases)
- Monthly fee: No monthly fee if you use paperless statements
- Early account termination fee: None
- Household limit: None
About US Bank
US Bank provides banking, investment, mortgage, trust, and payment services products to individuals, businesses, government entities, and other financial institutions. It has 3,106 branches and 4,842 ATMs, mainly in the western and midwestern United States. The company also owns Elavon, a processor for merchants’ credit card transactions, and Elan Financial Services, a credit card issuer that issues credit card products for US Bank and other financial institutions. One notable point about US Bank is that once you have a checking or savings account with them, it can be easier to get approved for their credit cards.
This account is also FDIC insured, so there is no need to worry about safety.
Account Opening and Bonus
Account Opening Bonus
See the beginning of the article.
Account Opening Requirements
In theory, a Non-Resident Alien (NRA) cannot open an account online and needs to visit a physical branch. However, some people have reported successfully applying online as an NRA using an SSN.
Opening a business checking account is a little more troublesome than opening a personal account, but if there is no further review, it is basically the same as a personal account and can also be approved instantly. The information required for the application includes:
- Your SSN, personal address and phone number: personal information is also required when applying for a business account, for identity verification purposes
- Your business’s Taxpayer Identification Number (EIN, SSN, ITIN): if you have your own business information, of course you should enter your EIN; you can also apply as a sole proprietorship using your SSN
- Name, email address and phone number for any additional owners with 25% or more ownership in the company: this depends on your ownership structure; if you apply with your SSN, this does not apply
If you are unlucky, you may be asked to provide more documents or receive a phone call asking about your business. If you apply as a sole proprietorship using your SSN, you can explain what kind of business you plan to operate, such as selling used items or providing some kind of consulting service. In general, that should be enough to convince them.
Fees
Monthly Fee
For the Essential account, there is no monthly fee as long as you enroll in paperless statements.
The Platinum account has a $30 monthly fee, which can be waived if you meet either of the following conditions:
- Open a US Bank Payment Solutions Merchant Account, or
- Maintain a $25,000 balance in the account, or have $75,000 in deposit activity
Early Account Closure Fee
There is no such fee, so you can close the account right after receiving the bonus.
Tax Information
Account opening bonuses are taxable, and the bank will issue tax forms based on your status. When filing taxes, report it as interest income. If you used an SSN, add it to the interest section of your personal tax return.
My Take
The bonus on this account is already quite good, and the deposit requirement for the first tier at $500 is also fairly low. Most importantly, this account allows up to $3,000 in Visa or Mastercard funding at account opening, making it a good way to help meet a card welcome bonus requirement.
