State Farm Customers Can Score Up to $1,500 with U.S. Bank Business Checking

If you're a State Farm customer and run a business, there's a sweet deal waiting for you at U.S. Bank. They're offering a cash bonus of up to $1,500 just for opening a new business checking account. It's not every day you get paid to switch banks, so let's break down what you need to do to pocket this bonus.

What's the Deal?

U.S. Bank has teamed up with State Farm to offer business owners a nice chunk of change. Open a new Platinum Business Checking account and you can earn $1,500. Prefer the Gold account? That one gets you $900. The catch? You need to meet some deposit and activity requirements, but they're pretty straightforward.

For the Platinum account, you'll need to deposit at least $25,000 in new money within 30 days of opening, keep a daily balance of $25,000 or more through day 60, and complete six qualifying transactions within 60 days. The Gold account asks for $10,000 in new money, a $10,000 daily balance, and the same six transactions.

New money means funds that aren't already at U.S. Bank. So you can't just shuffle money from an existing U.S. Bank account. You'll need to bring in cash from outside the bank.

The offer is valid through September 27, 2026, so you've got a couple of months to decide. And remember, you must use promo code Q3SFC26 when applying—if you click through from the offer page, it's automatically entered for you.

Which Account Should You Pick?

The Platinum account is the higher-tier option with a $30 monthly fee, but that's waived if you maintain a $25,000 average collected balance. The Gold account has a $20 monthly fee, waived with a $10,000 average balance. Both accounts come with perks like cell phone protection up to $600 if you pay your wireless bill with the debit card.

If you can swing the $25,000 deposit, the Platinum bonus is the better deal—you're getting $1,500 for parking your money there for a couple of months. But if $25k is a stretch, the Gold account still gives you a solid $900 for $10,000.

Also, note that the Gold account has a monthly fee waiver for new accounts opened after February 12, 2026, which is a nice little bonus if you're watching costs.

• Platinum: $1,500 bonus with $25k deposit and balance
• Gold: $900 bonus with $10k deposit and balance
• Both require 6 qualifying transactions within 60 days

What Counts as a Qualifying Transaction?

You might be wondering what counts. Qualifying transactions include debit card purchases, ACH and wire credits or debits, Zelle transfers, mobile check deposits, electronic or paper check debits, U.S. Bank bill pay (but not credit card payments), and payments received via U.S. Bank Payment Solutions.

But watch out: person-to-person payments (like Venmo or PayPal), transfers between your own U.S. Bank accounts, and credit card payments to U.S. Bank credit cards don't count. So make sure you're using the right transactions to meet the requirement.

The good news is there's no direct deposit requirement, so you don't need to set up payroll or anything. Just a few everyday transactions will do the trick.

Fees and Fine Print

One of the best parts? There's no early account termination fee. So if you decide to close the account after getting your bonus, you won't be penalized. That's a big plus because some banks charge $25 or more for closing early.

However, you do need to keep the account open and with a positive balance when the bonus is awarded. The bonus posts within 30 days after the month-end in which you meet all requirements. So if you complete everything in October, expect the bonus by the end of November.

Also, keep in mind that the bonus is considered interest income, so you'll get a 1099-INT form for tax purposes. Uncle Sam gets his share, so factor that into your net gain.

And a heads-up: existing U.S. Bank business checking customers, or those who've closed one in the past 12 months, don't qualify. So this is strictly for new business checking relationships.

Is It Worth It?

Absolutely, if you have the cash sitting around. Earning $1,500 for essentially parking $25,000 for two months is a great return. Even the $900 bonus on $10,000 is solid.

Just make sure you read the fine print and meet all the requirements. Missing a deadline or falling below the balance could cost you the bonus.

If you're a State Farm customer and a business owner, this is a no-brainer. Head over to the U.S. Bank State Farm offer page to get started.

Bottom Line

• Earn up to $1,500 with a U.S. Bank Platinum Business Checking account, or $900 with Gold.
• No direct deposit needed—just deposit new money, maintain the balance, and complete 6 qualifying transactions.
• No early termination fee, but keep the account open with a positive balance until the bonus posts.
• Bonus is taxable as interest income.

Common Questions