U.S. Bank Business Checking
- Best for: Businesses near a U.S. Bank branch that deposit cash or take cards
- What Sets It Apart: No monthly fee or digital transaction limit at a branch bank, with card processing built in
- Welcome Offer: $400 on Business Essentials for $5,000 in new money, or $1,200 on Platinum for $25,000, deposited within 30 days and held through the first 60 days, plus six qualifying transactions; new customers, by January 13, 2027
- APY: None on Business Essentials or Platinum
- Features: Free cash deposits of 25 units of $100 a cycle on Business Essentials, 125 on Gold, and 250 on Platinum; 13,000 U.S. Bank ATMs with no fee; FDIC insurance
- Monthly Fee: $0 on Business Essentials; Gold $20 and Platinum $30 unless a $10,000 or $25,000 average balance or U.S. Bank card processing; Premium $34
- Minimum Deposit: $25
- Cost: $0.35 per $100 of cash past the free units; $1 per outgoing ACH payment; $3 per transaction at other banks’ ATMs; $36 per overdraft item over $5
- Pros: Branches in 27 states; 2.5% on the U.S. Bank Business Essentials Visa Card with a $10,000 balance; 24/7 live support
- Cons: No interest on Business Essentials or Platinum; branches in only 27 states
Open a U.S. Bank Business Checking account for branch access in its 27 states, and start with Business Essentials, which has no monthly fee or limit on digital transactions. Choose Gold or Platinum instead if you deposit more cash or write more checks than Business Essentials includes free, and keep the balance that waives their monthly fee.
Business Essentials also takes card payments once you’re approved for them, with the sales deposited every day, weekends included, and a free mobile card reader for online applicants. Premium, at $34 a month, suits businesses with large balances that earn credits against its fees.
Key Features
- A $0 monthly fee on Business Essentials, with unlimited digital transactions and 25 free teller and paper transactions a statement cycle, then $0.50 each
- Gold at $20 a month, waived by a $10,000 average balance or U.S. Bank card processing, with 350 free transactions a cycle, then $0.45 each
- Platinum at $30 a month, waived by a $25,000 average balance or U.S. Bank card processing, with 550 free transactions a cycle, then $0.40 each
- 25 free cash deposit units of $100 a cycle on Business Essentials, 125 on Gold, and 250 on Platinum, then $0.35 per $100 (any deposit under $150 is one unit)
- A $400 new-customer bonus on Business Essentials for $5,000 in money new to U.S. Bank, or $1,200 on Platinum for $25,000, deposited within 30 days and held through the first 60 days, plus six qualifying transactions
Pros
- More than 2,000 branches in 27 states and 13,000 U.S. Bank ATMs with no fee
- A $10,000 average balance in Business Essentials, Gold, or Platinum lifts the U.S. Bank Business Essentials Visa Card from 2% to 2.5% back on up to $10,000 of eligible purchases a billing cycle
- Live support 24/7
Cons
- No interest on Business Essentials or Platinum
- $1 per outgoing ACH payment, $3 per transaction at other banks’ ATMs, and $36 per overdraft item over $5
- Gold and Platinum count digital transactions toward their free limits
- Branches in only 27 states, none in the Northeast
Keeping $10,000 here for the card’s 2.5% pays off if you’d hold that much anyway or charge $5,000 a month on it, where the extra half percent adds $300 a year, 3% of the balance. A business paid only by transfer that never deposits cash can earn interest with no monthly fee at an online business bank instead.
Learn more about U.S. Bank Business Checking or see how it compares to the best small business checking accounts.
U.S. Bank Business Checking
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