U.S. Bank account full review
U.S. Bank helps you effortlessly and confidently manage your daily expenses and achieve your financial objectives.
Discover the Benefits of Having a U.S. Bank Account
Established in 1863 as the First National Bank of Cincinnati, U.S. Bank has grown to become one of the largest banks in the United States. It is a subsidiary of U.S. Bancorp, a publicly traded financial services holding company based in Minneapolis, Minnesota.
With over 3,000 branches and 4,700 ATMs across the country, U.S. Bank offers convenience and accessibility to its customers.
Let’s explore the two account options available for individuals interested in opening an account with U.S. Bank: the U.S. Bank Smartly™ Checking and the Safe Debit account.
U.S. Bank Smartly Checking Account
The U.S. Bank Smartly Checking account provides an easy, fast, and secure banking option. You can apply for this account in just five minutes with an opening deposit of $25.
While there is a monthly maintenance fee of $6.95 for the Smartly Checking account, it can be waived in several ways:
- Maintain a minimum daily balance of $300
- Have an average monthly collected balance of $1,000
- Hold the account jointly with a youth (age 17 and under)
Members of the military or individuals who meet age requirements are exempt from monthly maintenance fees.
The Smartly Checking account allows you to use checks and offers overdraft fee prevention tools to help you avoid negative balances.
U.S. Bank provides a network of ATMs to access your funds without incurring fees. There are no ATM transaction fees at U.S. Bank ATMs, and you won’t face surcharge fees at MoneyPass® Network ATMs.
U.S. Bank prioritizes the safety and security of your money and data. They offer:
- Zero fraud liability
- The industry’s strongest available encryption
- Security alerts
U.S. Bank Safe Debit Account
The Safe Debit Account offered by U.S. Bank is a check-less checking account, perfect for those who don’t require check-writing capabilities. It functions similarly to a traditional checking account and allows deposits, withdrawals, and payments.
Key features of the Safe Debit Account include:
- A fixed monthly maintenance fee of $4.95
- U.S. Bank Visa Debit Card
- Mobile and online banking with mobile check deposit and bill pay
- No overdraft fees
- Free access to the TransUnion® CreditView™ Dashboard for checking credit scores
- Discounts on money orders
Requirements to Open an Account
If you’re a legal resident of the United States and at least 18 years old, you can apply for a U.S. Bank checking account online. To complete the application process, you will need:
- Your Social Security number
- A valid government-issued photo ID (e.g., driver’s license, passport, state or military ID)
- A minimum opening deposit of $25 (required after approval)
Is U.S. Bank FDIC-Insured?
As an FDIC-insured financial institution, U.S. Bank provides unlimited protection to qualifying consumer and business deposits. Your deposits with U.S. Bank are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC).
How to Apply for a U.S. Bank Account
To open a checking account with U.S. Bank, simply click the green button below to learn more about the application process and get started.
