Written by Ali Cybulski, Published on 9/30/2024
Founded in 1863, U.S. Bank has a 26-state branch footprint today and provides a variety of banking products, such as checking and savings accounts, money market accounts, and certificates of deposit (CDs). It has more than 2,200 branches and a large ATM network.
U.S. Bank offers two choices for checking accounts: Bank Smartly Checking and Safe Debit Account.
Bank Smartly Checking is an interest-earning account with automated financial tools to help you track your spending, set up account alerts and build a better budget. This account comes with overdraft protection and offers free Smart Rewards, such as rate bonuses and overdraft fee forgiveness, based on the combined balances of qualifying accounts. The account has a $6.95 monthly service fee unless you qualify for a waiver.
The Safe Debit Account includes a debit card, natch, but no checks. Using the bank’s mobile app, you can access tools to help manage your money and build your credit, set up direct deposits, lock a lost card and pay bills for free. This account has no overdraft fees but a $4.95 monthly maintenance fee and no minimum balance penalty.
U.S. Bank also offers a savings account and a selection of CDs with various term lengths. The Bank Smartly Savings Account earns up to 4.10% annual percentage yield (APY) when paired with a Bank Smartly Checking or Safe Debit account and combined qualifying balances. The minimum opening deposit is $25, with a $5 monthly maintenance fee that can be waived in several ways.
The bank has several CD specials that require a $1,000 minimum deposit. Choose a 4.00% APY for seven months, 3.50% APY for 11 months, or 3.00% APY for 15 months. The bank has standard and trade-up CDs in many term lengths, and a step-up CD with rate increases every seven months for 28 months. A standard CD requires just a $500 deposit.
Online banking includes access to Zelle, which allows you to send and receive money digitally, as well as financial planning tools and bill pay. The bank’s mobile app allows you to deposit checks, buy items with a digital wallet, transfer money and more.
Live customer service is available 8 a.m. to 8 p.m. Central time Monday through Friday, or you can chat with an online banker, if available, through online banking or the mobile app.
U.S. Bank pros and cons
Pros:
• Large branch and ATM networks
• Broad selection of financial products
• Variety of CDs
Cons:
• Only available in about half of the states
• Uncompetitive interest rates
• Account service fees
Trading Company
the worst and dishonest trading company that I ever have had the misfortune of dealing with. They are, in my mind, criminals. I requested a withdrawal of £100,000 from my account. Within about 4 hours, the withdrawal had been put back into my account. Then my account was traded illegally with 11 trades taken and losing all the money. I complained to this company and they couldn't give a damn. I had to reach out to oliviatrader 44 @ gmail. com to assist me in getting back my money. Glad I have all my money back now.
WhatApp +1 (423) 248 - 2140
Not Really Available Nationwide
Tried to open easy checking account and was declined. Called customer service, spoke to a really lovely young lady named Jessica, who advised that since I was out of their market area, I couldn't open the easy checking account unless I had other accounts with them, such as credit cards, etc.
Interest Rates
did not honor interest rates do not trust will update if resolved
Horrible Service, Rates And Knowledge
Horrible service and knowledge. They assign you a mortgage manager to make it sound like there is someone there to help you, yet the person is nonexistent and you can never get ahold of them. They don't train their associates, and then they tell you something incorrect, and it's on you. I've lost thousands in rates due to inaccurate information US Bank associates have advised. Do not use them for anything!
Data as of Q4 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 6548 |
| Year Established | 1863 |
| Employees | 67587 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.97% |
| Return on Equity - YTD | 10.32% |
| Annual Interest Income | $31.17B |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $662.9B$650.7B |
| Loans | Q4 2024vs Q4 2023 | $374.8B$368.7B |
| Deposits | Q4 2024vs Q4 2023 | $528.5B$524.7B |
| Equity Capital | Q4 2024vs Q4 2023 | $63.54B$61.53B |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $7.58B$7.38B |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $2.54B$2.08B |
| Real Estate Owned | Q4 2024vs Q4 2023 | $21.1MM$25.8MM |
