at U.S. Bank,

Member FDIC

Pros

More than 3,000 branches in 26 states.
Promotional CDs with rates starting at 1.75% APY; rates vary depending on your location.

Cons

0.01% APY on standard savings account; better rates available elsewhere.

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Overall

3.0

It’s no secret that big banks sometimes charge high fees and offer low interest rates. U.S. Bank, the country’s fifth-largest by assets, is no exception. But what this institution does well is provide convenient access to thousands of physical branches and ATMs.

 

Ratings methodology | Updated December 5, 2018

Checking

3.5

U.S. Bank offers seven types of checking accounts, from a basic account to options for students and people who exclusively use debit cards instead of checks, as well as an interest-bearing account for seniors. There are also silver and gold packages designed for those who have other accounts at the bank, and an additional interest-earning account.

 

The basic account is Easy Checking. It has a monthly fee of $8.95, or $6.95 if you opt for online statements. To get the charge waived, make monthly direct deposits of at least $1,000 total or maintain an average account balance of $1,500.

 

U.S. Bank offers free access to more than 4,700 U.S. Bank ATMs nationwide. But if you go outside of the network, the bank charges a $2.50 transaction fee, in addition to whatever the ATM’s owner may charge (unless it’s a MoneyPass ATM, in which case there’s no surcharge from the ATM operator).

Standard Savings Account
APY
0.01%
Min. balance for APY
$1

at U.S. Bank,

Member FDIC

Certificate of Deposit
APY
0.10%
Min. balance for APY
$10,000
Length of term
1 year

at U.S. Bank,

Member FDIC

Easy Checking
APY
Monthly fee
$8.95
Balance to waive monthly fee
$1,500

at U.S. Bank,

Member FDIC

NerdWallet reviews are the result of independent research by our editorial team while accountholder reviews are contributions from independent users not affiliated with NerdWallet. Banks, issuers and credit card companies are not responsible for any content posted on the NerdWallet site, nor do they endorse or guarantee any posted comments or reviews.
Overall
Customer service
Poor
Website / app
Poor
Rates
Poor
Fees
High
They help frauds
A merchant forged a fraudulent signature on a receipt. US Bank did not send us the letter saying the merchant won the case until after the due date then told us since it was after the due date they no longer had to do anything. We even provided the correct receipt as well as communication proof with the merchant where they took fault. US Bank did not care and let the fraudulent merchant win.
Overall
Customer service
Poor
Website / app
Poor
Rates
Poor
Fees
High
US Bank cashed a stolen check without ID
US Bank cashed a stolen check for their customer. The bank won't return the stolen money. The check was in the amount of $1,996.62.
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