US Bank Smartly Checking Account New User Bonus (Up to $450)

Updated. US Bank has a up to $450 new checking promotion when you open a Bank Smartly Checking account with $25 minimum and complete the following within 90 days:

• Enroll in the U.S. Bank Mobile App or online banking.
• Complete two or more direct deposits.

Your bonus is determined by the total amount of your direct deposits in those 90 days:

• Earn $250 when your direct deposits total $2,000 to $4,999.99.
• Earn $350 when your direct deposits total $5,000 to $7,999.99.
• Earn $450 when your direct deposits total $8,000 or more.

The Smartly Checking account has a $6.95 monthly fee which that is waived with any one of the following:

• Your combined monthly direct deposits total $1,000 or more.
• You keep a minimum average account balance of $1,500 or more.
• You are age 24 and under.
• You are age 65 and over.
• You are a member of the military.
• You hold an eligible US Bank credit card
• Qualify for one of the four Smart Rewards® tiers (Primary, Plus, Premium or Pinnacle).
• Are a member of another of their “special customer groups”.

You may still be considered a “new” account even if you had a US Bank account years ago:

U.S. Bank Smartly® Checking bonus: To be eligible, you or any owner(s) on your new Bank Smartly Checking account cannot have an existing U.S. Bank consumer checking account, had a U.S. Bank consumer checking account in the last 12 months or received other U.S. Bank consumer checking bonus offers within the past 12 months.

Note: US Bank often restricts their financial products to those states where US Bank has a physical branch presence. They will filter you out by zip code.

Tip: However, people outside this footprint may be allowed to open an account if they have other US Bank products. I was more recently able to get this bonus even though I was outside their physical branch footprint by opening a Smartly Savings account first. I think they may have opened just the Smartly Savings nationwide recently (or was it just me?). If that isn’t working for you, you may also try to open a small certificate of deposit (CD) or even a brokerage account or go directly for a credit card. It’s strange, but once they let you open one account, they’ll let you open the rest quite easily.

This offer comes around regularly, but is still a pretty solid bonus if you haven’t done it before. You may also find it worth the effort now due to the new US Bank Smartly credit card that can earn up to 4% cash back with enough assets at US Bank.