$450 Direct Deposit Bonus 2024: In the world of bank bonuses, US Bank offers one of the most enticing deals for 2024, providing up to $450 through a simple direct deposit. This bonus opportunity is not only generous but also churnable, making it an exciting option for those looking to maximize their financial gains. This article will provide you with all the necessary details about the offer, including eligibility, payment dates, bonus structures, and tips to make the most of this offer.
What is the $450 Direct Deposit Bonus?
The $450 Direct Deposit Bonus 2024 is an exclusive offer from US Bank that rewards new customers for setting up direct deposits. By meeting specific criteria and depositing funds within the given time frame, users can receive up to $450 in bonus money. Here’s how it works:
- $250 bonus for direct deposits between $2,000 and $4,499.
- $350 bonus for direct deposits between $5,000 and $7,999.
- $450 bonus for direct deposits of $8,000 or more.
This tiered bonus structure allows flexibility, making it easier for customers with varying financial capacities to qualify for a significant reward.
How to Qualify for the $450 Bonus
To take advantage of this offer, you’ll need to follow a few simple steps:
- Open an Account: Start by opening a new checking account with US Bank. This offer is only available to new customers or those who haven’t had a US Bank account in the past 12 months.
- Direct Deposits: You must make two qualifying direct deposits within the first 90 days of account opening. The amount of the bonus depends on the total value of these deposits.
- Use Promo Code: Don’t forget to apply the promo code 2024July during the sign-up process to ensure your eligibility for the bonus.
- Mobile App Enrollment: You’ll need to enroll in US Bank’s mobile app or online banking platform within the first 90 days.
Important Dates to Remember
| Event | Date |
| Offer Start Date | Available Now |
| Offer End Date | September 26, 2024 |
| Promo Code | 2024July |
| Direct Deposit Deadline | 90 Days from Account Opening |
Direct Deposit Options
$450 Direct Deposit Bonus One of the major advantages of this promotion is the flexibility with direct deposits. You don’t have to rely solely on traditional payroll deposits. Various types of transfers qualify as direct deposits, including:
- Discover
- Fidelity
- PayPal
- PNC
- Robinhood
- Sofi
- Wells Fargo
Most users have had success using these platforms for direct deposit, which means you likely won’t face any hurdles when trying to meet the deposit requirements.
Managing Monthly Fees
US Bank does charge a monthly maintenance fee of $6.95 on the checking account required for this bonus. However, there are several ways to avoid this fee:
- Maintain direct deposits totaling $1,000 or more each month.
- Keep an average daily balance of $1,500 or more.
- Hold an eligible US Bank credit card.
- Qualify for one of the bank’s Smart Rewards tiers (Primary Plus, Premium, or Pinnacle).
- Be under 24 years of age, over 65, or a member of the military.
If you can’t meet these criteria, you may have to pay the fee for a few months until you receive your bonus, but considering the $450 reward, this is a minor cost in comparison.
Is It Worth Paying the Monthly Fee?
$450 Direct Deposit Bonus Many people prefer to avoid paying fees, but in some cases, it might be worth it, especially when the bonus potential is high. For example, paying $6.95 for a couple of months is a small price for gaining $450. If you’d rather avoid fees, keeping $1,500 in the account is the easiest way to satisfy the fee waiver criteria. However, some may prefer using those funds for other financial opportunities, like additional bank bonuses.
Bonus Payment Timing
$450 Direct Deposit Bonus 2024 After completing the required direct deposits, the bonus will be paid within 90 days. There are no early termination fees, so once you receive your bonus, you’re free to withdraw the money and close the account if you prefer. There is no penalty for closing your account after receiving the bonus.
| Bonus Amount | Direct Deposit Requirement | Cash Return on Bonus |
| $250 | $2,000 – $4,499 | 12% |
| $350 | $5,000 – $7,999 | 7% |
| $450 | $8,000+ | 5.6% |
Geographical Restrictions
Unfortunately, this offer is not available for residents of New York and Florida. However, there is a workaround if you have previous experience with US Bank. If you’ve held a US Bank product, such as a credit card or a different type of account, you can still apply for the bonus. Those without any prior experience may need to visit a branch outside of New York or Florida to open an account.
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Other Key Details
- Funding Your Account: You can fund your account with up to $250 via a credit card. This is a great opportunity if you’re working towards a signup bonus on another card. However, note that credit card funding does not count towards the direct deposit requirement.
- Churning Opportunities: One of the best aspects of this offer is that it’s churnable. Previously, you had to wait 24 months before reapplying for another bonus. Now, the waiting period has been reduced to 12 months. This means that you can close your account after receiving the bonus and reapply for another in just one year.
Is the $450 Bonus Right for You?
$450 Direct Deposit Bonus This US Bank bonus is one of the best deals currently available. Whether you’re targeting the $250, $350, or the full $450 bonus, this offer is straightforward and offers excellent returns. If you’re an experienced “bonus churner,” this is an easy way to earn some extra cash, and with the waiting period reduced to 12 months, you can repeat the process again next year.
Ultimately, the $450 bonus provides a high return with relatively simple requirements. If you’re in a financial position to meet the direct deposit requirements, this bonus is worth considering.
FAQ,s – $450 Direct Deposit Bonus 2024
Can I qualify for this bonus if I already have a US Bank account?
No, this offer is only available to new customers or those who have not had an account with US Bank in the past 12 months.
How long does it take to receive the bonus?
The bonus will be paid within 90 days of completing the direct deposit requirements.
Are there any geographical restrictions for this offer?
Yes, this offer is not available to residents of New York and Florida. However, there are workarounds if you have previous experience with US Bank.
