Update 3/4/24: Extended until 4/15.
The Offer
U.S. Bank is offering $100 with a new Automated Investor account
Open an Automated Investor account by December 31, 2023
Fund the account with at least $1,000 within 30 days of opening
Maintain the balance for at least 120 days
The Fine Print
This offer is valid for clients who are 18 years or older, who open a new U.S. Bancorp Investments Automated Investor account between September 12, 2023 and December 31, 2023 (the “Promotion Period”) and satisfy the eligibility conditions described below. Eligible investors can earn a maximum cash bonus of $100.
To qualify, the entire amount of cash or securities to fund the account must be “New to U.S. Bancorp Investments,.” i.e., the cash and securities funding the account must not have been previously held as existing balances in any U.S. Bancorp Investments accounts and any amounts transferred from such existing balances will not count towards qualification for the cash bonus. Offer is not valid if you have received other Automated Investor cash bonus offers within the past 24 months. The account is offered by U.S. Bancorp Investments Inc., an investment advisor and broker-dealer subsidiary of U.S. Bancorp and affiliate of U.S. Bank.
The $100 bonus offer is valid when you open an Automated Investor Account during the Promotion Period and fund with a minimum of $1,000 (the “Threshold Amount”) of new cash and/or securities within 30 days of opening. Once the account is funded with the Threshold Amount, and in good standing, the Threshold Amount must be maintained in the Automated Investor Account for 120 days in order to qualify for the $100 bonus. Market fluctuation after deposit will not affect the calculation of the Threshold Amount for purposes of determining qualification.
Our Verdict
Previously this was part of a targeted bonus. Looks like you can also tweak your risk profile to have mostly bonds if you want as well (this is not investment advice, please consult a professional). Personally don’t think it’s worth doing for a small bonus, but everybody is different.