Posted byon July 25, 2014
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US Bank is running a summer promotion for a $150 sign up bonus on their checking account. As part of the promotion, you can win a Tesla Model S or $100,000.
Even though giveaways are fun, we’ll focus on the $150 bonus since everyone can get it as our Free Money Friday offer this week.
Opening the account. A minimum deposit of $25 is required to open the account.
Checking Fees. Depending on which checking account you choose (easy, silver, or gold) there is a monthly maintenance fee unless your monthly direct deposits are $1,000 or your average account balance is $1,500. If you choose the gold account you can avoid the fee with a U.S. Bank personal loan, line or US Bank credit card.
Stacking Bonuses. When I filled out the application, it showed that the silver and gold checking accounts qualified for the START program where you can earn $100 in rewards.
Credit Card. To avoid the monthly fee, I opted for the gold account using my credit card. However, if you don’t have one, an easy card to use is the U.S. Bank Visa Platinum Card since it has no annual fee.