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

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in Business Checking Accounts from U.S. Bank · Member FDIC
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Highlights
Monthly Fee $0 - $30
(Verified 10/20/2022)
ATM Fee: Out-of-Network Starting at $2.50
Minimum Balance to Avoid Monthly Fee $25,000
APY (Annual Percentage Yield) 0%
(Verified 10/22/2022)

US Bank Platinum Checking Account Review

US Bank Platinum Checking Account is offered by U.S. Bank, a bank founded in 1863 and based in Minneapolis, MN. US Bank Platinum Checking Account 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).
  • 0% APY. As with most checking accounts, US Bank Platinum Checking Account does not pay interest.
  • Monthly maintenance fee waiver. You can waive the monthly maintenance fee with one of the following: $25,000 average collected checking balance or $75,000 combined average collected business deposits and outstanding business credit balances
  • No ATM fees. US Bank Platinum Checking Account 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 Platinum Checking Account Pros & Cons

Pros Cons
  • 500 free transactions per statement cycle.
  • $20,000 free cash deposits or 200 free cash transactions, whichever comes first, per statement cycle.
  • Free front and back check images on your monthly checking account statement.
  • Generous signup bonus.
  • Access to physical branches.
  • Free debit card
  • Does not earn interest
  • Only available in 26 states.
  • Higher than average wire transfer fees.
  • Monthly service charge.
  • Charges a higher than average fee on out-of-network ATM transactions.

US Bank Platinum 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 Platinum Checking Account offer?

US Bank Platinum Checking Account is not an interest-bearing account.

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

US Bank Platinum Checking Account requires a minimum initial deposit of $25 to open an account.

US Bank Platinum Checking Account Account Minimums
Description Amount
Minimum Initial Deposit $25
Minimum Combined Balance to Avoid Monthly Fee $75,000
Minimum Balance to Avoid Monthly Fee $25,000

What fees does US Bank Platinum Checking Account charge?

This account charges a monthly maintenance fee of up to $30.

US Bank Platinum Checking Account Fees
Description
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $2.50
Check Copy $2
Check Image Service $2
Debit Card Replacement Fee $0
Early Account Closure $25
Foreign Transaction Fee (Debit Card) 3%
Monthly Fee $0 - $30
NSF Fee $36
Online Bill Pay Fee $0
Overdraft Item Fee $36
Overdraft Protection Fee (per transfer) $7.50
Paper Statement Fee $2
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 Platinum Checking Account 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.
  • Check images with statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks.
  • Fraud monitoring - US Bank Platinum 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 Platinum 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.
US Bank Platinum Checking Account Disclosure: You can waive the monthly maintenance fee with one of the following: - $25,000 average collected checking balance - $75,000 combined average collected business deposits and outstanding business credit balances
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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 Platinum Checking Account

Gold Checking, An account with extra benefits for U.S. Bank credit card or loan customers. Get extra perks with Gold Checking.

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 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 $25,000
Minimum Combined Balance to Avoid Monthly Fee $75,000
Minimum Opening Deposit Starting at $25
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $2.50
Check Copy $2
Check Image Service $2
Debit Card Replacement Fee $0
Early Account Closure $25
Foreign Transaction Fee (Debit Card) 3%
Monthly Fee $0 - $30
(Verified 10/20/2022)
Monthly Maintenance Waiver Requirements You can waive the monthly maintenance fee with one of the following: $25,000 average collected checking balance or $75,000 combined average collected business deposits and outstanding business credit balances
NSF Fee $36
Online Bill Pay Fee $0
Overdraft Item Fee $36
Overdraft Protection Fee (per transfer) $7.50
Paper Statement Fee $2
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
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Proof of Identity
  • Proof of Residence
  • Business Formation Documents
  • Government Issued Photo ID
  • U.S. Tax Identification Number
  • Social Security Number
Account Features
  • No ATM Fees
  • Free Bill Pay
  • Mobile Check Deposit
  • Nationwide ATM Network
  • Check Images with Statement
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Debit Card
  • Bauer Financial A+/A Rating
  • Branch Access
  • Member FDIC
Signup Bonus $400
Signup Deposit Requirement $3,000
APY (Annual Percentage Yield) 0%
(Verified 10/22/2022)

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