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  US Bank Silver Business Checking
US Bank Silver Business Checking
in Business Checking Accounts from U.S. Bank · Member FDIC
Claimed

US Bank Silver Business Checking

Claimed
in Business Checking Accounts from U.S. Bank · Member FDIC
SuperMoney Net Recommendation Score +100  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly recommended

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Highlights
Community Rating Strongly recommended
Monthly Fee $0
ATM Fee: Out-of-Network $2.50
Minimum Balance to Avoid Monthly Fee $0
APY (Annual Percentage Yield) 0%
(Verified 10/22/2022)
Number of Reviews 5

US Bank Silver Business Checking Review

US Bank Silver Business Checking is offered by U.S. Bank, a bank founded in 1863 and based in Minneapolis, MN. US Bank Silver 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).
  • 0% APY. As with most checking accounts, US Bank Silver Business Checking does not pay interest.
  • $0 monthly fee. This account does not charge any monthly account fees.
  • $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 Silver 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 Silver Business Checking Pros & Cons

Pros Cons
  • Generous signup bonus.
  • Access to physical branches.
  • Free debit card and the option to lock/unlock the card if lost or stolen
  • Does not earn interest
  • Only available in 26 states.
  • Higher than average wire transfer fees.
  • Charges a higher than average fee on out-of-network ATM transactions.

US Bank Silver 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 Silver Business Checking offer?

US Bank Silver Business Checking is not an interest-bearing account.

What are the account minimums for US Bank Silver Business Checking?

US Bank Silver Business Checking requires a minimum initial deposit of $100 to open an account.

US Bank Silver Business Checking Account Minimums
Description Amount
Minimum Initial Deposit $100

What fees does US Bank Silver Business Checking charge?

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

US Bank Silver Business Checking Fees
Description
ATM Fee: In-Network $0
ATM Fee: Out-of-Network $2.50
Monthly Fee $0
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 Silver 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 Silver 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 Silver 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.
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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 Silver Business Checking

Simplicity and value for your business. Open a business checking account that is full of features for newer or smaller businesses. Designed for businesses with limited transaction activity, this package offers a variety of value-added products and services to help save you time and money.

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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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 $0
Minimum Opening Deposit $100
ATM Fee: In-Network $0
ATM Fee: Out-of-Network $2.50
Monthly Fee $0
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
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of Identity
  • Business Formation Documents
  • Social Security Number
  • Business Tax Return
  • Employer Identification Number
Account Features
  • No ATM Fees
  • Free Bill Pay
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Debit Card Lock/Unlock
  • Fraud Protection
  • Debit Card
  • Branch Access
  • Member FDIC
Signup Bonus $400
Signup Deposit Requirement $3,000
APY (Annual Percentage Yield) 0%
(Verified 10/22/2022)

US Bank Silver Business Checking Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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