U.S. Bank offers a variety of checking accounts with different features. You can choose the one that best suits your needs. The company also offers a wide range of other financial products. These include credit cards, home equity lines of credit, and loans for boats and R.V.s. It also has a wide range of certificates of deposit (C.D.s) with various terms and rates.
The company’s standard account, Bank Smartly Checking, has a monthly fee of $6.95, but you can waive this fee by making certain minimum deposits each month. The company also has a money market account that lets you earn interest on larger balances.
You can use your U.S. Bank debit card at 37,000 ATMs in the MoneyPass network without a surcharge. You can also deposit and schedule transfers to other accounts using your mobile banking app. Keeping a large account balance can also earn rewards by climbing through the bank’s Smart Rewards tiers. These benefits can include waived monthly fees, non-network ATM fee reimbursements, and loan interest rate discounts.
Requirements to Open Checking Account at U.S. Bank
Whether you’re looking for a checking account that pays interest or just want to keep track of your money, U.S. Bank has an option that’s right for you. Its online banking platform allows you to manage your finances on the go and offers free eStatements and overdraft protection. In addition to its online platform, it has a wide range of physical branches and ATMs.
You must be a U.S. citizen or permanent resident to open a bank account in the United States, but you can find several options if you’re living abroad and want to set up a U.S. bank account. These options include borderless accounts like international and multi-currency accounts. These accounts can help you travel and remain financially independent in different countries.
Most big traditional banks require you to visit a branch in person if you want to open an account, but U.S. Bank has a mobile app that lets you apply online from anywhere. You’ll need a valid I.D. to complete your application, and you may need to bring documents showing that you live in the country.
Fees for U.S. Bank Checking Accounts
U.S. Bank is one of the few banks that offer a checking account with no monthly service fee. This makes it a good choice for people who want to avoid unnecessary fees. It also offers other convenience features, such as mobile check deposit and bill pay. U.S. Bank also offers free credit scores through TransUnion CreditView.
There are many different kinds of U.S. Bank checking accounts, each with their own specific requirements and ways to waive the monthly fees. Some types of accounts come with a debit card, while others do not. Additionally, some U.S. Bank checking accounts charge fees for ATM withdrawals.
The Student Checking Account is the only checking account that does not charge a monthly maintenance fee. However, this account is only available to students who meet certain requirements. In addition, this account comes with a number of other perks, including free access to MoneyPass Network ATMs. It also allows customers to link their U.S. Bank checking or savings account to cover overdraft transactions. Other checking account options include the Easy Checking Account, which has a low opening deposit and charges no monthly maintenance fee. It does, however, have a $5 fee for paper statements.
U.S. Bank Smartly Checking Account
The U.S. Bank Smartly checking account is the most feature-rich of all of the bank’s checking accounts. It comes with free overdraft protection and access to fee-free ATMs at both U.S. Bank and MoneyPass locations. Depending on which “interest tier” you fall into (Primary, Plus, Premium, or Pinnacle), it also earns interest on your deposits. The account’s monthly maintenance fee is waived for military members and customers ages 24 and under and those who hold an eligible U.S. Bank credit card and meet one of the account’s four Smart Rewards tiers.
It has all the features you would expect from a checking account from one of the nation’s biggest banks, including online bill pay, a U.S. Bank Visa debit card, and mobile banking tools like Zelle. It also offers overdraft protection and a VantageScore 3.0 credit score through TransUnion. The account has a low monthly service fee of $6.95 and is federally insured up to $250,000 per account holder by the Federal Deposit Insurance Corporation. It also includes access to a variety of other services and discounts.