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  US Bank Nonprofit Checking Account

US Bank Nonprofit Checking Account

in Business Checking Accounts from US Bank · sipc

Unaffiliated

US Bank Nonprofit Checking Account

Unaffiliated

in Business Checking Accounts from US Bank · Member SIPC

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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 US Bank, a bank founded in 1863 and based in Minneapolis, MN. US Bank Nonprofit Checking Account is 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 a monthly Service Charge.
  • No minimum initial deposit. There is no minimum balance required to open an account.
  • Bill pay. Pay your bills to practically anyone in the United States through US 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.
  • Not FDIC-insured.
US Bank Nonprofit Checking Account FAQ

Are business checking accounts from US Bank federally insured?

No, your US Bank business checking accounts deposits are not FDIC insured. However, they are insured up to $500,000, which includes a $250,000 limit for cash, by the Securities Investor Protection Corporation (SIPC). SIPC is a non government, nonprofit membership corporation that protects against the loss of cash and securities – such as stocks and bonds – held by a customer at a financially-troubled SIPC-member brokerage firm.

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 US Bank

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View all business checking accounts offered by US 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

ATM Fee: In-Network $0
Monthly Fee $0
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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