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U.S. Bank's New Mobile Banking Fees

Monday, November 14, 2011 - 6:36 AMUS Bank (OH) - Details
This is another case of banks adding new fees. The New York Times reported that U.S. Bank has added a $0.50 fee for depositing checks using your smart phone.

I reviewed U.S. Bank's Mobile Banking FAQs, and here are two fees that are listed:
  • $0.50 fee per deposited check using DepositPoint Mobile
  • To send a payment via Popmoney, U.S. Bank Mobile App customers pay 1% of the total payment amount or $0.25, whichever amount is greater.
Here's U.S. Bank's policy on Mobile Banking fees:
U.S. Bank does not charge a fee to access m.usbank.com or to download and use the Mobile Wallet. If fees for service features are added in the future, we'll notify you prior to completing the transaction, and you'll have the option to cancel the transaction to avoid the fee.

4
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,634
1. Monday, November 14, 2011 - 5:00 PM
 I closed a account and I got a check seperate for interest of 11 cents. Does that fee mean I would owe the bank 39 cents to do a smartphone deposit? Does this mean the new fees are already starting because of the big banks losing their $5 debit card fee?
1
EnronLoveChunkEnronLoveChunk20 posts since
Oct 19, 2011
Rep Points: 67
Reply