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US Bank Changing Checking Requirements

randomax
  |     |   87 posts since 2010

Just noticed on the US Bank website that they are changing the requirements for avoiding fees. 

Easy Checking will now require a combined $1000 monthly direct deposit (was $500) or an average daily balance of $1500.

Silver Checking package will now require a Package Money Market Savings account and either a combined $1000 monthly direct deposit (was $500) or a combined account balance of $1500 among all checking and savings accounts (CDs do not count).  It looks like the $25+ monthly auto transfer to a Package Money Market Savings account option will be gone (at least to prevent the monthly fee).  The good news is that the Money Market account has no minimum balance requirement.

 

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pearlbrown
  |     |   2,298 posts since 2010
Thanks for posting about the new requirements.  It looks like all the changes will be effective 8/12/13. 

The changes will probably not make people happy, but kudos to the bank for providing accountholders with 60 days' notice. 
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