US Bank Gold Business Checking
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| Monthly Fee |
$0 - $20 (Verified 10/07/2022)
|
| ATM Fee: Out-of-Network | $2.50 |
| Minimum Balance to Avoid Monthly Fee | $10,000 |
| APY (Annual Percentage Yield) |
0% - 0.005% (Verified 10/22/2022)
|
US Bank Gold Business Checking Review
US Bank Gold Business Checking is offered by U.S. Bank, a bank founded in 1863 and based in Minneapolis, MN. US Bank Gold Business Checking are available in 26 states across the USA.
Key Takeaways
- $400 Bonus offer. Open a new account and you can get up to $400 with required activities. Minimum deposit of $3,000 required to be eligible for a signup bonus (see terms and conditions for more details).
- Low APY. The maximum annual percentage yield for this account is only 0.005%.
- $0 monthly account fees available. This account charges a monthly service fee of up to $20, but the fee is waived if you keep a minimum balance of $10,000.
- $100 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
- No ATM fees. US Bank Gold Business Checking does not charge fees on ATM transactions within its network but there is a fee of up to $2.50 for out-of-network ATM transactions.
- Bill pay. Pay your bills to practically anyone in the United States through U.S. Bank.
US Bank Gold Business Checking Pros & Cons
| Pros | Cons |
|---|---|
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US Bank Gold Business Checking FAQ
Are business checking accounts from U.S. Bank federally insured?
Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #6548). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
What APY does US Bank Gold Business Checking offer?
US Bank Gold Business Checking offers an APY starting at 0% and ranging up to 0.005% (APY stands for annual percentage yield, rates may change).
| Rates | Amount |
|---|---|
| APY (Annualized Percentage Yield) | 0% - 0.005% |
What are the account minimums for US Bank Gold Business Checking?
US Bank Gold Business Checking requires a minimum initial deposit of $100 to open an account.
| Description | Amount |
|---|---|
| Minimum Initial Deposit | $100 |
| Minimum Combined Balance to Avoid Monthly Fee | $20,000 |
| Minimum Balance to Avoid Monthly Fee | $10,000 |
What fees does US Bank Gold Business Checking charge?
The good news is that this account does not have a monthly service charge.
| Description | |
|---|---|
| ATM Fee: In-Network | $0 |
| ATM Fee: Out-of-Network | $2.50 |
| Monthly Fee | $0 - $20 |
| Online Bill Pay Fee | $0 |
| Overdraft Item Fee | $36 |
| Overdraft Protection Fee (per transfer) | $12.50 |
| Paper Statement Fee | $5 |
| Returned Deposit Fee (Domestic) | $19 |
| Returned Deposit Fee (International) | $19 |
| Stop Payment Fee | $35 |
| Wire Transfer Fee - Domestic (Incoming) | $20 |
| Wire Transfer Fee - Domestic (Outgoing) | $30 |
| Wire Transfer Fee - International (Incoming) | $25 |
| Wire Transfer Fee - International (Outgoing) | $50 |
What features and perks does US Bank Gold Business Checking offer?
This account includes the following features:
- Signup Bonus - Open an account and you will receive a signup bonus of up to $400 if you deposit a minimum of $3,000.
- Fraud monitoring - US Bank Gold Business Checking monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
- Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - US Bank Gold Business Checking allows you to manage your money online. This includes depositing checks in your account with your smartphone.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
US Bank Gold Business Checking Disclosure:
Earn a $400 bonus when you open a new, eligible U.S. Bank business checking account online with promo code AF49ZCB and complete qualifying activities1, subject to certain terms and limitations. Offer valid through January 9, 2023. Member FDIC. Complete these steps to earn the offer:
- Enroll in online banking or U.S. Bank Mobile App within 60 days of account opening.
- Complete $3,000 in new money deposits within 30 days of account opening and maintain for 60 days.
- Make five qualifying transactions into your new business checking account. Qualifying transactions include: Debit card purchases, Merchant deposits, ACH credits, Wires credits/debits, Mobile Check Deposit or Bill Pay.
Applicant must reside in AZ, AR, CA, CO, ID, IL, IN, IA, KS, KY, MN, MO, MT, NE, NV, NM, NC, ND, OH, OR, SD, TN, UT, WA, WI, WY to be eligible for checking account.
Monthly Maintenance Fee Waiver Options: Gold Business Checking: U.S. Bank Payment Solutions Merchant Banking OR $10,000 average collected balance OR $20,000 combined average collected business deposit balances OR $50,000 combined average collected business deposits and outstanding credit balances. Platinum Business Checking: $25,000 average collected balance OR $75,000 combined average collected business deposits and outstanding business credit balances.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Message From US Bank Gold Business Checking
Contact
- Headquarters
-
800 Nicollet Mall
Minneapolis, MN 55402 USA - (800) 872-2657
- Visit Site
- Email Support
Other Services by U.S. Bank
View all business checking accounts offered by U.S. Bank
Availability
Available in 26 states
- Arizona
- Arkansas
- California
- Colorado
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Minnesota
- Missouri
- Montana
- Nebraska
- Nevada
- New Mexico
- North Carolina
- North Dakota
- Ohio
- Oregon
- South Dakota
- Tennessee
- Utah
- Washington
- Wisconsin
- Wyoming
Feature Breakdown
| Minimum Balance to Avoid Monthly Fee | $10,000 |
| Minimum Combined Balance to Avoid Monthly Fee | $20,000 |
| Minimum Opening Deposit | $100 |
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