In a nutshell
U.S. Bank is based in Minneapolis, Minnesota and has over 2,000 branches in 26 states.
- Its holding company, U.S. Bancorp, is number 150 on the Fortune 500 list.
- It is one of the largest full-service, regional banks in the United States with brick-and-mortar branches and various offerings including checking, savings, and certificate of deposit accounts.
Pros:
- Offers savings, checking, and CD accounts for beginners.
- For customers with various U.S. Bank products, there are perks.
- Has a presence in 26 states and an online platform and app.
Cons:
- Monthly fees tend to be high, although some can be waived.
- Savings APYs on most accounts are below average.
- Most of the bank locations are based on the West Coast and the Southwest.
U.S. Bank checking
US Bank offers two checking accounts: Bank Smartly Checking and Safe Debit Account. Customers can access both in the U.S. Bank mobile app.
The Bank Smartly Checking Account has a monthly fee of $6.95. Fees can be waived if the average account balance is $1,500 or greater, the customer has a U.S. Bank consumer credit card, or there are monthly direct deposits totaling $1,000 or greater.
This account also has mobile check deposits, contactless payments, automated bill pay, Zelle instant transfers, and account alerts and reminders.
U.S. Bank Smartly Checking
Monthly fee
$6.95 (waived in several ways)
Bonus
Up to $800 after completing qualifying activities
The Safe Debit Account has a monthly fee of $4.95 which cannot be waived. This checking…
