US Bank

US Bank Reviews

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Overall Rating2.7 out of 5
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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

Pros

  • More than 2,000 branches in 26 states
  • Large ATM network
  • Several ways to waive monthly fees

Cons

  • High overdraft and transfer fees
  • Below average interest rates on most savings accounts

Bottom Line

U.S. Bank provides a range of banking services and products. Though its overdraft fees can be high, U.S. Bank offers convenience and financial options at thousands of branch locations and an online banking app.

Featured Reviews

Verified
Honolulu, HI

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 ...

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Verified
Batavia, Ohio

US 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...

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What 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
U.S. Bank offers a standard checking account with overdraft protection, called Smartly Checking. It also offers a checkless account that avoids overdrafts, called Safe Debit. Safe Debit has a non-waivable $4.95 fee.

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
U.S. Bank savings accounts come with online and mobile banking, digital statements, overdraft protection and account alerts. Accounts require a $25 minimum opening deposit and a $4 monthly maintenance fee. However, account holders don’t have to pay a monthly fee if they’re a minor or maintain a minimum daily balance of $300 or more.

Consumers can apply to open a U.S. Bank savings account online or in person.

Money market accounts
The U.S. Bank money market account offers tiered interest rates that pay more for higher account balances. U.S. Bank’s money market accounts require a $100 minimum opening deposit.

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
U.S. Bank CDs guarantee a fixed rate of return. Consumers can select terms ranging from one month to five years. A minimum deposit of $500 is required to open a U.S. Bank standard CD account.

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 currently offers seven different credit card options with annual fees ranging from $0 to $400. Select from cards with cashback rewards, low interest rates on balance transfers or travel perks.

U.S. Bank also provides three additional secured credit cards to help you build credit.

Loans
U.S. Bank offers a variety of loans and lines of credit. U.S. Bank’s personal loans have fixed interest rates and monthly payments. Customers can also apply for U.S. Bank car loans and U.S. Bank mortgages.

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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Customer ServiceContract & TermsPricePunctuality & Speed

Reviewed Nov. 2, 2023

I looked around for a bank for my small business. After reviewing different options, I decided to open a US Bank Silver Business account online. One of the primary reasons was they had a promotion offering $500 for new accounts with minimal requirements. I felt this was a good choice because I would not receive interest. Also, there were no service charges. The terms were restrictive but fit my small business well.

Things started out bad. I applied online and after several calls and emails, I received a message stating that I would not be able to open an account because I do not live in a state with a branch office. That was crazy - they knew what state I lived in from the beginning. I personally didn’t care about a local branch office because I planned to manage everything online. I gave up. A week or 2 later I received a call from US Bank asking about my inquiry and if I was interested in opening the account. I was very confused and explained the history to the caller. Long story short, the bank processed my application and opened the account.

After opening the account, I had issues trying to get my name corrected. Months later, they sent a form for me to return but I am not going to bother since I’m in the process of closing the account.

After all the confusion and problems trying to get started, the overall the banking service experience was ok except for 1 major deal breaker - my promotional credit never arrived. I called the bank several times over the next couple months trying to get the bank to follow through on their promotional credit but it never came through. The bank said that I met all the requirements but the promotion had expired before I opened the account. This is total **! I have screenshots where the promotion was still available even after all the bank delays I experienced trying to open the account. I have no tolerance for dishonesty- especially in business. Now, four months after opening the account, I am withdrawing my money and closing it. I can’t stay with a bank that is so difficult to deal with and especially one that will not honor their promises. I am done with US Bank.

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Customer ServiceStaff

Reviewed Nov. 2, 2023

I opened a credit card in September and requested a balance transfer to take advantage of an offer. The card finally came in the mail in October and the balance was never transferred. Here we are in November, I finally call them. A customer service rep asked me about 18-20 questions to verify my identity (which was answered correctly yet she kept going with more and more of them). She also asked for a code to be sent to my phone. Finally 25 minutes later she tells me my balance transfer offer didn't go through because they "left a voice mail" and I never called back. I never received that voicemail. In order to reprocess my balance transfer, I was to wait for a new voicemail! Better yet, I better stay glued to my phone at all times. A manager was not available to speak with. I have a useless credit card and wasted a lot of time.

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    Customer ServicePriceStaff

    Reviewed Nov. 2, 2023

    Avoid US Bank. I opened a CD with them and they made an error causing Federal Withholding to be removed from the interest earned. I received paperwork to stop this from happening and to reverse the funds withheld seven months ago. Nothing happened. When I call customer service they explain they cannot get into the branch bank systems and I have to deal with the employees at the branch. Unfortunately, after 4 visits to the branch, they continue have accomplished nothing and blame their corporate offices and the IRS.

    I have dealt with Romel and Christianna and they have been of no help, to the point of telling me the branch manager, Sylvia, has been dealing with this issue and has been in touch with me. I have never spoken with Sylvia. I have made two calls to the district manager, Ryan **, and have not had the courtesy of a return call. This has been going on for well over 7 months and these employees admit they made an error but either won't correct it or have no idea how to correct it. There are a lot of banks you can do business with, and be very careful before you choose US Bank.

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    Punctuality & SpeedStaff

    Reviewed Nov. 2, 2023

    A man of late 50's working out of town and doing the best he can to make a living. Having had perfect credit for over thirty years. Politics shuts down a big portion of pipeline activities and at the same time I realize that after fighting major physical problems, that I just couldn't do it anymore. I went to US Bank and told them the problem. They said there was nothing they could do. I tried different angles to work through my debt with them, but to no avail. I signed for my disability and I CALLED THEM, to settle my debts. I settled 2 out of 3 accounts. But they never would settle the 3rd account. I never understood why. They finally sent me a 1099 for the amount without contacting me first. They now make it a point to keep that balance against my credit to hurt me and family seemingly just to make things hard for a man that had no control over outcome of circumstances.

    I believe in paying my bills. You have to be responsible to have 30 years of A 1 credit and never even pay not even 1 late charge on any account that I've ever had. Losing or costing money is never something anyone with integrity and honor wants. Sometimes it's out of our control, it happens to the best of people. But why would you want to intentionally put great hardship on a family that had no control over outcome of circumstances that someone is dealt. I just wish people and corporations would treat people like they would want to be treated. Again, it's not like I overloaded myself. Life just took a turn that made me use all of my savings, (32,000) dollars worth pay bills and keep head above water. The majority of 32,000 dollars was paid to US Bank hoping to get back to work before it all ran out. It didn't happen. I've talked with US Bank but to no avail. They will not remove from credit reporting. But why?

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    Reviewed Oct. 19, 2023

    I was with Union Bank until the merger. US Bank was helpful in the transition. Now attempting to transfer fund that we not making money to an account that would help make money. They are blocking time and time again. They put up so much blockage that they are sending my account to the fraud department. Damn it. It’s my money not theirs. I’ve had surgery so I can’t drive and no one online gives a damn. When I get better I’m pulling all the money out and moving away from us bank. (Acting like parents withholding my money!)

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    Customer ServiceStaff

    Reviewed Oct. 16, 2023

    I liked US Bank at first. They bought Union Bank which I had been with for over 20 years with a checking and savings. I liked that the technology and app are better as well as customer service on the phone has been much better. Going into the bank sucks as not only are locations sparse (in LA) the staff there did not seem concerned with helping prior Union Bank customers to get their issues worked out. I was not told that I would not have easy access to my past years of Union Bank statements and now I am scrambling to get documents that I need. I was told by online support after hours of time that I can only get "some" of my statements today and the rest I will have to wait for paper mailers. At least she was helpful and then we got disconnected on the phone before they were sent but this is ridiculous!

    I need last years for taxes and I can't get them unless I drive to the bank (taking off of work) and ask the not so helpful staff to mail them. We had no notice of needing to download or statements and I don't have checks now after I just refilled my Union checks a few months before the buyout. I can get one at the bank for $2 per check. Uhm, Thank you?? I hope they can work on the in bank customer service or I will move my accounts to one of my other banks. It doesn't seem like the purchase of our business and how they would make a smooth transition was well thought out as to how it affects us. This was a small local branch for me for two decades and this has been a giant pain in the butt. The great phone reps have kept me sticking around this far but this day has been really bad due to these big issues.

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    Reviewed Oct. 12, 2023

    In the simplest words.. PIECE OF **!!! If there’s ever a bank that deserves to go broke and die it’s US BANK!!! HORRIBLE HORRIBLE HORRIBLE!!! I HATE THIS PLACE!! They will steal your money and give you the run around on why they don’t know what happened!

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    Customer ServiceStaff

    Reviewed Oct. 5, 2023

    I was forced to come to US Bank because they bought Union Bank of California, and we were very happy with Union Bank for over 30 years. I recently deposited a very large check from my mortgage company, (due to some repairs needed from water damage). They have put a 10-day hold on my funds, so I can't pay the contractor for the work being done, so now everything is on hold. My partner is retired from the FDIC, and he couldn't believe they were holding it for more than two days, since it takes no more than that for the check to clear. When I called the mortgage company the next day. I went to the bank to speak to a branch manager, but she was too busy on the phone. They asked that I make an appointment. I never would have been treated this way by Union Bank. I will be moving all my funds to Navy Federal Credit Union. US Bank is NON-service oriented!

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    Customer Service

    Reviewed Sept. 22, 2023

    Be careful when trying to send money through Zelle on US Bank. I tried to send money $100.00 to my son and the bank locked me out of my account for 48 hours then told me I have to call be in 48 hours and they still may not reinstate my account even then. I’m now looking for a new bank.

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    StaffProcess

    Reviewed Sept. 6, 2023

    Marinda made a difficult process easy. She went out of her way to help get my provisional credit reversal reversed. I was out of town and had been waiting over a week for this situation to be rectified. After they told her it would be a few more days, she did her magic and got it situated within 30 minutes. Thank you for making a frustratingly situation easy. US Bank needs more employees like Marinda. THANK YOU MARINDA FOR BEING EXCEPTIONAL!!!!

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    US Bank Company Information

    Company Name:
    US Bank
    Website:
    www.usbank.com