US Bank (OH) is headquartered in Cincinnati and is the 2nd largest bank in the state of Ohio. It is also the 5th largest bank in the nation. It was established in 1863 and as of December of 2016, it had grown to 70,030 employees at 3,221 locations. US Bank (OH) has an A health rating.
I opened an Gold Checking Account with them and closed it and transferred out the funds about a year later, only because I very seldom used it. About a week later, I received a check in the mail from US Bank for $0.02!! Apparently this was for the accrued but unposted interest which my account had earned when I closed it. I have never dealt which such an ETHICAL bank!! Even if they were legally required to return the $0.02 to me, obviously I couldn't have cared less had they just kept it. For its honesty, US Bank deserves 5 stars!!
I have had nothing but good experiences with US Bank online in the 15 years I have banked there. I use the bill pay feature to pay bills and also send money to people for different reasons. I also have my business account with US bank and it is connected together with my personal account so when I log in I can see account information for both accounts at once. Recently, I got aa message telling me if I change the type account I have, I can reduce the minimum balance requirement for no fee on my checking account. IO didn't ask about it, they just notified me on their own volition. On the down side, their money market accounts are not as competitive as other online banks. They require a larger balance and pay slightly less rates.
My history with US Bank starts early; both my parents have worked for the company and as a result all my savings and checking accounts have been opened through them. I've maintained a checking account with direct deposit through US Bank since I was 16 and working my first summer job. The thing I like about this bank is if you have scheduled direct deposits, they waive administrative fees on your accounts. Ordering checks is a bit of a hassle, and they tend to run 7 - 15 dollars a booklet, but the advent of mobile banking has made this a non issue for the most part. Their mobile banking app works well enough on my phone but could use some upgrades to do things like cancel automatic payments when your balance is less than the amount of the autopay - which currently doesn't work. Overall, it's a good bank with a lot of convenient locations in the Pacific Northwest.
I went to US Bank to open a basic checking account with them. I waited for 10-15 minutes before a banker acknowledged me. Eventually he began to help me with the process of opening a new account. While he reviewed my identification card and other paperwork I needed to give him, I was told it was not wise to bank with them as he believed I didn't have "enough" money to cover the monthly maintenance fees. I was surprised, because I never heard of a bank rejecting a new customer for that reason. It wasn't his business to tell me that and the only job he had to do was open the account, and let me worry if I didn't have money to keep my account open and in the positive. I was appalled and left the place angry. I eventually did sign up online with no issues and the person who helped me was very efficient and did their duties as an employee. I will avoid going to that local branch as much as I can, because I do not support unsatisfactory experiences/duties.
|FDIC Certificate #||6548|
|Return on Assets - YTD||1.31%|
|Return on Equity - YTD||12.86%|
|Annual Interest Income||$12.95B|
|Assets and Liabilities|
|Assets||Q4 2016vs Q4 2015||$441B$417.5B|
|Loans||Q4 2016vs Q4 2015||$273.4B$259.1B|
|Deposits||Q4 2016vs Q4 2015||$343.1B$310.4B|
|Equity Capital||Q4 2016vs Q4 2015||$45.34B$42.19B|
|Loan Loss Allowance||Q4 2016vs Q4 2015||$3.81B$3.86B|
|Unbacked Noncurrent Loans||Q4 2016vs Q4 2015||$2.09B$1.99B|
|Real Estate Owned||Q4 2016vs Q4 2015||$186.1MM$280.1MM|
Rates for US Bank (OH) are currently being reviewed.