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  US Bank Nonprofit Checking Account
US Bank Nonprofit Checking Account
in Business Checking Accounts from U.S. Bank · Member FDIC
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US Bank Nonprofit Checking Account

Claimed
in Business Checking Accounts from U.S. Bank · Member FDIC
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Highlights
Monthly Fee $0
ATM Fee: Out-of-Network N/A
Minimum Balance to Avoid Monthly Fee N/A
APY (Annual Percentage Yield) 0.005%

US Bank Nonprofit Checking Account Review

US Bank Nonprofit Checking Account is offered by U.S. Bank, a bank founded in 1863 and based in Minneapolis, MN. US Bank Nonprofit Checking Account are available in 50 states (and Washington, DC).

Key Takeaways

  • Low APY. The maximum annual percentage yield for this account is only 0.005%.
  • $0 monthly fee. This account does not charge any monthly account fees.
  • No minimum initial deposit. There is no minimum balance required to open an account online.
  • Bill pay. Pay your bills to practically anyone in the United States through U.S. Bank.

US Bank Nonprofit Checking Account Pros & Cons

Pros Cons
  • Available in all 50 states.
  • Interest-yielding account.
  • Access to physical branches.
  • Free debit card and the option to lock/unlock the card if lost or stolen
  • Access to a nationwide network of ATMs.
  • No signup bonus.

US Bank Nonprofit Checking Account 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 Nonprofit Checking Account offer?

US Bank Nonprofit Checking Account Rates & Terms
Description
APY (Annual Percentage Yield) 0.005%

US Bank Nonprofit Checking Account offers an APY of 0.005% (APY stands for annual percentage yield, rates may change).

What are the account minimums for US Bank Nonprofit Checking Account?

US Bank Nonprofit Checking Account does not require a minimum initial deposit.

US Bank Nonprofit Checking Account Account Minimums
Description Amount
Minimum Initial Deposit $0

What fees does US Bank Nonprofit Checking Account charge?

The good news is that this account does not have a monthly service charge.

US Bank Nonprofit Checking Account Fees
Description
ATM Fee: In-Network $0
Monthly Fee $0

What features and perks does US Bank Nonprofit Checking Account offer?

This account includes the following features:

  • Fraud monitoring - US Bank Nonprofit Checking Account 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 Nonprofit Checking Account 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.
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Contact

Hours of Operation

  • Sunday Closed
  • Monday 8:30am - 5:30pm
  • Tuesday 8:30am - 5:30pm
  • Wednesday 8:30am - 5:30pm
  • Thursday 8:30am - 5:30pm
  • Friday 8:30am - 5:30pm
  • Saturday Closed

Other Services by U.S. Bank

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View all business checking accounts offered by U.S. Bank

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Minimum Opening Deposit $0
ATM Fee: In-Network $0
Monthly Fee $0
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Proof of Identity
  • Business Formation Documents
  • Government Issued Photo ID
  • U.S. Tax Identification Number
  • Social Security Number
  • Employer Identification Number
Account Features
  • Free Bill Pay
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Debit Card Lock/Unlock
  • Fraud Protection
  • Debit Card
  • Branch Access
  • Member FDIC
APY (Annual Percentage Yield) 0.005%

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