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About US Bank
U.S. Bank is one of the largest banks in the country, with over 2,000 branches across 26 states. Headquartered in Minneapolis, Minnesota, its products include checking and savings accounts, credit cards, mortgages and loans. However, it’s known for having high fees.
Pros & Cons
- More than 2,000 branches in 26 states
- Large ATM network
- Several ways to waive monthly fees
- High overdraft and transfer fees
- Below average interest rates on most savings accounts
Featured Reviews
We've been with U.S. Bank for at least 12 years now and we love it. US BANK helped me with my first account after I turned 18 and got me through school. The Bankers are wonderful ...
Read full reviewUS BANK GOES OUT OF ITS WAY TO BE AVAILABLE TO ALL ITS CUSTOMERS. THEY HAVE VERY COURTEOUS SERVICE STAFF & online help is always there to help. They have very customer friendly po...
Read full reviewWhat is U.S. Bank?
U.S. Bank is a commercial bank that provides checking and savings accounts, mortgages, loans, insurance, wealth management and payment-service products. U.S. Bank operates more than 2,000 branches throughout the Midwest and West Coast.
In addition to its own ATM network, U.S. Bank partners with MoneyPass to give customers access to over 40,000 ATMs nationwide.
How does U.S. Bank work?
To open an account at U.S. Bank, you can visit a branch or apply online. You’ll need to provide your name, address, Social Security number and date of birth. You will also need to make a minimum deposit, which can range from $25 to $100.
Once you’ve opened an account, you can access it online or by visiting a U.S. Bank branch. You can also use the bank’s mobile app to view your account balance, deposit checks, find ATMs, transfer funds and pay bills. U.S. Bank is insured by the Federal Deposit Insurance Corporation (FDIC).
U.S. Bank products and services
U.S. Bank provides checking and savings accounts, certificates of deposit (CDs) and more financial services.
Checking accounts
Smartly Checking account customers can unlock extra perks through U.S. Bank’s Smart Rewards program. Depending on your account balance, it offers no monthly maintenance fee, interest earned on checking, fee waivers for non-network ATMs and more. You can also unlock additional perks if you fall into one of these customer groups:
- Age 65 or older
- Age 14 to 24
- A military member
- A Workplace banking customer
- An Alliance member, including State Farm customers
- A wealth management customer
Savings accounts
Consumers can apply to open a U.S. Bank savings account online or in person.
Money market accounts
Account holders get access to online and mobile banking, check-writing privileges, overdraft protection and digital statements. The $10 monthly maintenance fee is waived if the daily balance is at least $10,000.
U.S. Bank also has a tax-advantaged retirement money market account with no monthly fee.
Certificates of deposit
The bank also offers CD specials with high yields and a $1,000 minimum deposit, as well as step-up CDs and trade-up CDs.
Credit cards
U.S. Bank also provides three additional secured credit cards to help you build credit.
Loans
U.S. Bank fees
U.S. Bank’s Smart Debit account has an unavoidable $4.95 monthly fee. Other checking and savings account fees range from $6.95 to $10 and can be waived by maintaining a minimum balance, being a minor or being a Smart Rewards member.
U.S. Bank fees also include:
- $2.50 for withdrawals at non-network ATMs
- $36 for each overdraft over $5, up to four times per day (no fee if your account is overdrawn by less than $50 at the end of the day)
- $12.50 for overdraft protection transfers from a linked credit card
- $35 for stop payment requests
- $2 for paper statements
- $20 for incoming domestic wires
- $30 for domestic outgoing wires
- $25 for incoming international wires
- $50 for outgoing international wires
- $5 per month for dormant accounts
U.S. Bank FAQ
Where are U.S. Banks located?
There are over 2,000 U.S. Bank locations, located primarily in the Midwest and on the West Coast. States with U.S. Bank branches are Arizona, Arkansas, California, Colorado, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Minnesota, Missouri, Montana, Nebraska, Nevada, New Mexico, North Carolina, North Dakota, Ohio, Oregon, South Dakota, Tennessee, Utah, Washington, Wisconsin and Wyoming.
What is the U.S. Bank checking account minimum balance?
U.S. Bank checking accounts require a minimum opening balance of at least $25. Once the account has been opened, it must maintain a positive balance or have deposit/withdrawal activity.
What is the U.S. Bank savings account minimum balance?
The minimum opening deposit for a U.S. Bank savings account is $25. It’s $100 for a money market account. Once an account has been opened, it must maintain a positive balance or show deposit/withdrawal activity.
How much does it cost to open an account with U.S. Bank?
There is no cost to open an account with U.S. Bank, but customers must make a minimum deposit of $25 to establish a checking or savings account. There might also be a monthly fee depending on account type.
Is U.S. Bank the same as U.S. Bancorp?
U.S. Bancorp (NYSE: USB) is the parent company of U.S. Bank and its subsidiaries, U.S. Bancorp Investments Inc. and U.S. Bank Wealth Management.
Is U.S. Bank legit?
U.S. Bank is a legitimate financial institution with more than $587 billion in assets under management. It’s a good option for people who want a wide range of financial services, including checking and savings accounts, CDs, loans and credit cards. The bank offers a variety of rewards programs and waives fees for certain customers. However, it does have some fees, such as for overdrafts and ATM withdrawals.
US Bank Reviews
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US Bank Company Information
- Company Name:
- US Bank
- Website:
- www.usbank.com