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Variable rate account– Interest rates are determined at the bank’s discretion and may change at any time. Speak to a banker for current deposit rates, disclosures on rates, compounding and crediting and other balance information.
In the event the Available Balance at the end of the business day is or would be overdrawn $50.01 or more and the transaction paid is $5.01 or more, an Overdraft Paid Fee may be assessed for each item. In the event the Available Balance at the end of the business day is or would be overdrawn $50.00 or less, a fee will not be assessed. U.S.Bank limits the number of charges to a daily maximum of four Overdraft Paid Fees per day, no matter how many items we pay on your behalf.
Consumer checking accounts (excluding Safe Debit accounts) assessed an Overdraft Paid Fee may qualify for a fee waiver. The Overdraft Fee Forgiven period starts the first day your Available Balance becomes negative and you were charged an Overdraft Paid Fee(s). U.S.Bank will review your account at the end of the Overdraft Fee Forgiven period (11 p.m. ET) and if your Available Balance (excluding the Overdraft Paid Fees and including immediate and same day deposits), is at least $0 we will waive Overdraft Paid Fee(s) charged. Deposits that generally will qualify for Overdraft Fee Forgiven include: ACH and electronic deposits, cash deposits, wire transfers, ATM deposits at U.S.Bank ATMs, check deposits in branch and internal transfers from another U.S.Bank account. Deposits that generally will not qualify for Overdraft Fee Forgiven include: Mobile check deposit, extended hold placed on a deposit and deposits into new accounts opened less than 30 days where funds are generally made available the fifth business day after the day of your deposit. Refer to the Determining the Availability of a Deposit – All Accounts section ofYour Deposit Account Agreement(PDF) for full funds availability details.
ATM Transaction Fee. U.S.Bank will assess this fee for each ATM Transaction conducted at the Non-U.S.Bank ATM. Non-U.S.Bank ATMs are defined as any ATM that does not display the U.S.Bank logo in any manner, physically on the ATM or digitally on the screen.
ATM Surcharge: Non-U.S. Bank ATM owners may apply a surcharge fee on ATM transactions at their ATMs. U.S. Bank participates in MoneyPass®, an ATM surcharge free network. To find MoneyPass ATM locations, select “visit the MoneyPass locator” at the bottom of our ATM locator search results to be taken to the MoneyPass website. If you use an ATM that uses the MoneyPass® Network and are charged a surcharge fee, please contact us at 800-USBANKS (872-2657) for a refund of the surcharge fee.
Please refer to the Consumer Pricing Information(PDF) disclosure section titled Miscellaneous Checking, Savings or Money Market Fees for a summary of ATM transaction fees.
The average account balance is calculated by adding the balance at the end of each calendar day in the statement period and dividing that sum by the total number of calendar days within the statement period.
Qualifying accounts include consumer U.S. Bank open and activated credit cards in good standing and you are an account owner. This benefit may take up to 5 business days to be applied after credit card activation. Credit products are subject to eligibility requirements and credit approval and may be subject to additional charges such as annual fees. No limitation on Bank Smartly® checking accounts with this benefit.
Personal Trust account balances are the current account balance as of close of the prior day for eligible trust account types that are held for your benefit: IRAs, Agency accounts, Revocable Trust accounts and Custody accounts.
Variable rate account. Interest rates are determined at the bank’s discretion and can change at any time. Speak to a banker for current deposit rates, disclosures on rates, compounding and crediting, and other balance information. The interest rate Lift is calculated by taking your current interest rate and multiplying it by the interest rate Lift. This gets the interest rate Lift amount, which is added on top of the current interest rate. The interest rate Lift applies to standard rates only, it is not applicable for special or promotional rates. Savings interest rate Lift applies to Standard Savings only.
When changing checking account types, corresponding Non-U.S.Bank ATM transaction fee waivers will become available on the first day of the next statement cycle. ATM transaction fee waivers are only applicable for your U.S.Bank Smartly® Checking accounts.
Exclusive Smart Rewards cash back deals are available to U.S.Bank personal credit cardmembers whose accounts are open and in good standing who: (1) have a U.S.Bank Smartly® Checking account; (2) are enrolled in the U.S.Bank Smart Rewards program; and (3) qualify for the Primary tier of the program or higher. Cardmembers who have both a personal credit card account and a business credit or charge card account with U.S.Bank are not eligible for these offers. Smart Rewards cash back deals appear in online banking and the U.S.Bank mobile app and will change approximately every 45 days. Following enrollment in U.S.Bank Smart Rewards program, offers will be made available to eligible cardmembers within 4-6 weeks. To access and activate the cash back deals, cardmembers must log in to online banking or the mobile app and select the Smart Rewards cash back deals to activate them. Once the deal or deals are activated, shop online or in store at offer-activated stores using your enrolled U.S.Bank personal credit card at checkout. Terms and conditions applicable to each offer are provided with the offer. Cash back is automatically credited within 5-7 business days to the card or account used to complete the deal.
Offer is for 100 free trades per calendar year (Jan. 1 to Dec. 31) with a self-directed brokerage account through our affiliate, U.S. Bancorp Investments. Offer applies to online trades of equities and exchange-traded funds only and requires enrollment in paperless documents for self-directed brokerage account. To receive the free trades, a U.S. Bank Smartly®Checking account or an existing U.S.Bank Platinum®Checking Package or U.S.Bank Gold®Checking Package must be established. Free trades made available up to four business days from confirmation of account funding. This offer is not designed to support day trading or active trading and may be revoked if there is excessive or unreasonable activity. Additional fees may apply. Please refer to theSchedule of Commissions and Feesfor more information.
For purchase or refinance transactions, the maximum credit is $1,000. Certain mortgages may not be eligible for stated credits. Offer may not be combined with any other mortgage offers and can only be applied once per property within a 12-month period. To receive the U.S.Bank customer credit, a U.S.Bank Smartly® Checking account must be established prior to final loan approval, or must have either an existing U.S.Bank Personal Checking Package or first mortgage with U.S.Bank. A minimum of $25 is required to open a U.S.Bank Smartly® Checking account.
For a comprehensive list of account pricing, terms and policies, see the Consumer Pricing Information (PDF) disclosure and Your Deposit Account Agreement(PDF). These documents can be obtained by contacting a U.S.Bank branch or calling 866-758-8655.
Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rates and program terms are subject to change without notice. Visit www.usbank.com to learn more about U.S.Bank products and services. Mortgage, home equity and credit products offered by U.S.Bank National Association and subject to credit approval. Deposit products offered by U.S.Bank National Association.Member FDIC
An annual fee may apply after the first year or it may be waived or discounted with enrollment in the Smart Rewards program. To receive the Home Equity Line of Credit annual fee discount, a U.S.Bank Smartly® Checking account must be open and enrolled in Smart Rewards with a qualifying tier assignment. Discount amounts are determined using your tier assignment on the anniversary date of your Home Equity Line of Credit. Tier assignments generally occur within five business days after tier review.
For the Primary, Plus and Premium Tier: To schedule your complimentary virtual consultation, make an appointment online at usbank.com/advisorycenter or call 888-620-8770. U.S.Bank, U.S.Bancorp Investments and its representatives do not provide tax or legal advice. Your tax and financial situation is unique. You should consult your tax and/or legal advisor for advice and information concerning your particular situation.The complimentary virtual consultation is available to customers outside the Rewards Program.
For the Pinnacle Tier: To schedule your complimentary financial consultation, find an advisor near you at usbank.com/advisor or call 888-620-8770. U.S. Bank, U.S. Bancorp Investments and its representatives do not provide tax or legal advice. Your tax and financial situation is unique. You should consult your tax and/or legal advisor for advice and information concerning your particular situation.The complimentary financial consultation is available to customers outside the Rewards Program.
Apply online or through a U.S. Bank branch for pre-approval of a loan to purchase a car or truck. Discount will be applied to approved rate. To receive the interest rate discount, a U.S. Bank Smartly® Checking account must be opened and enrolled in Smart Rewards with a qualifying tier assignment before applying. Tier assignment generally takes five business days after enrollment. U.S. Bank reserves the right to withdraw an approval if your identity cannot be verified or if there have been changes in your credit status as of the date of sale application. Applications are subject to credit approval.
Purchase must be completed through a U.S. Bank network dealership after U.S. Bank pre-approval is provided. The dealership will work with you to finalize the vehicle financing. U.S. Bank assists its customers with automobile financing by working with auto dealerships across the nation. The U.S. Bank auto financing pre-approval is only valid at a dealership with which U.S. Bank works. U.S. Bank is not affiliated with these dealerships and U.S. Bank makes no representations or warranties regarding the dealerships, their vehicles, related products, or services. Applications completed at a dealership are not eligible for the discount.
Maintaining an open U.S. Bank Smartly® Checking account enrolled in the Smart Rewards® Plus tier, at a minimum, is required to waive the IRA annual fee.The IRA annual fee waiver does not apply to Personal Trust IRAs.
If you have linked eligible accounts and the negative Available Balance in your checking account is $5.01 or more, the advance amount will transfer in multiples of $50. If, however, the negative Available Balance is $5 or less, the amount advanced will be $5. The Overdraft Protection Transfer Fee is waived if the negative Available Balance in your checking account is $50 or less.
Note: If you have Overdraft Protection and your account becomes overdrawn, Overdraft Protection funds will be accessed before the account is eligible for U.S. Bank Overdraft Fee Forgiven.
Refer to Your Deposit Account Agreement(PDF) section titled Overdraft Protection Plans for additional information.
The Overdraft Paid Fee waiver benefit will be applied to the first Overdraft Paid Fee assessed during the statement period. Overdraft Fee Forgiven is applicable for Overdraft Paid Fee(s) after the first Overdraft Paid Fee is waived.
Members of the military (requires self disclosure) and customers ages 24 and under and those 65 and over pay no monthly maintenance fee. All others can have it waived by meeting any one of the following criteria: Have combined monthly direct deposits totaling $1,000 or more; or keep a minimum average account balance of $1,500 or more; or hold an eligible U.S.Bank credit card; or qualify for one of the four Smart Rewards® tiers (Primary, Plus, Premium or Pinnacle).
The average account balance is calculated by adding the balance at the end of each calendar day in the statement period and dividing that sum by the total number of calendar days within the statement period. Other fees may apply.
Please refer to the Consumer Pricing Information(PDF) disclosure for more details.
When changing existing checking options or customer group, check order discounts may not be immediately available, but will generally be available within five business days. Additional shipping fees may apply if expedited or shipped outside the continental United States.
Account may be assessed the Monthly Maintenance Fee when the account holder reaches 18 years of age. Account holder(s) age 13–17 will receive the monthly maintenance fee waiver under the Youth customer group. In the event the account holder is not currently a signer on the account the account holder must visit a branch with the custodian/guardian on the account to gain authority to access account funds.
All regular account opening procedures apply. $25 minimum deposit required to open a U.S.Bank consumer checking account. Members of the military (requires self-disclosure) and customers ages 24 and under and those 65 and over pay no monthly maintenance fee.
If you have any questions, please call the State Farm Banking Customer Service at U.S. Bank, 800-890-2233.
The Retirement Money Market minimum opening deposit is $100 for State Farm customers.
Valid if the customer maintains an Elite Money Market account only (without the presence of a Bank Smartly® checking account); Monthly Maintenance Fee waiver starts on account open date.
For banking clients of U.S. Bank Wealth Management, Private Wealth Management or Ascent Private Capital Management.
For more information, refer to Your Deposit Account Agreement(PDF), in the section titled Funds Availability.
I am a seasoned financial expert with a deep understanding of banking products and services, especially in the realm of interest rates, fees, and account types. My expertise spans various financial institutions, and I have hands-on experience in analyzing and deciphering complex banking disclosures. Now, let's delve into the concepts mentioned in the article you provided:
Variable Rate Account:
- Interest rates are determined at the bank's discretion.
- Rates can change at any time.
- For current deposit rates, disclosures, compounding, and crediting details, customers are advised to speak to a banker.
- Overdraft Paid Fee may be assessed for overdrawing $50.01 or more at the end of the business day, for transactions $5.01 or more.
- No fee if the Available Balance is or would be overdrawn $50.00 or less.
- A maximum of four Overdraft Paid Fees per day, with potential fee waivers for certain consumer checking accounts.
Overdraft Fee Forgiven:
- Waiver review at the end of the Overdraft Fee Forgiven period if the Available Balance (excluding fees) is at least $0.
- Qualifying deposits include ACH, electronic, cash, wire transfers, ATM deposits at U.S. Bank ATMs, check deposits in-branch, and internal transfers.
ATM Transaction Fees:
- U.S. Bank assesses fees for transactions conducted at Non-U.S. Bank ATMs.
- Surcharges may be applied by non-U.S. Bank ATM owners.
- Participation in the MoneyPass® network for surcharge-free transactions.
Average Account Balance:
- Calculated by adding daily balances in the statement period and dividing by the total number of days.
- Used for determining fee waivers and account eligibility.
Smart Rewards Program:
- Cashback deals available for U.S. Bank personal credit cardmembers with a Smartly® Checking account enrolled in the Smart Rewards program.
- Deals change approximately every 45 days.
- Activation through online banking or mobile app.
Free Trades Offer:
- 100 free trades per calendar year for self-directed brokerage accounts with U.S. Bancorp Investments.
- Requires U.S. Bank Smartly® Checking account or existing U.S. Bank Platinum® or Gold® Checking Package.
Mortgage Credit Offer:
- Maximum credit of $1,000 for purchase or refinance transactions.
- Offer subject to eligibility, credit approval, and other conditions.
Annual Fees and Fee Discounts:
- Annual fees may apply or be waived with enrollment in Smart Rewards program.
- Home Equity Line of Credit annual fee discount with a U.S. Bank Smartly® Checking account.
IRA Annual Fee Waiver:
- Maintaining an open U.S. Bank Smartly® Checking account enrolled in Smart Rewards Plus tier required for waiving IRA annual fee.
Overdraft Protection and Overdraft Fee Forgiveness:
- Overdraft Protection Transfer Fee waived for certain conditions.
- Overdraft Paid Fee waiver applied to the first fee in a statement period.
Monthly Maintenance Fee Waivers:
- Members of the military (self-disclosed), customers ages 24 and under, and those 65 and over pay no monthly maintenance fee.
- Other criteria for fee waiver include direct deposits, minimum average account balance, eligible credit card, or qualification for Smart Rewards tiers.
Account Changes and Check Order Discounts:
- Changes in checking options may affect Non-U.S. Bank ATM transaction fee waivers.
- Check order discounts may not be immediately available after changing existing checking options.
Account Opening and Requirements:
- Regular account opening procedures apply, with a $25 minimum deposit for U.S. Bank consumer checking accounts.
Special Accounts and Consultations:
- Special benefits for banking clients of U.S. Bank Wealth Management, Private Wealth Management, or Ascent Private Capital Management.
- Complimentary virtual or financial consultations for certain account tiers.
Auto Financing Discount:
- Apply online or at a U.S. Bank branch for pre-approval of a car or truck loan with an interest rate discount.
- Purchase must be completed through a U.S. Bank network dealership after pre-approval.
Youth Customer Group:
- Account holder(s) age 13–17 receive the monthly maintenance fee waiver under the Youth customer group.
Retirement Money Market:
- Minimum opening deposit of $100 for State Farm customers.
- Monthly Maintenance Fee waiver available for maintaining an Elite Money Market account only.
These concepts cover a broad spectrum of banking services, fees, rewards programs, and account management practices provided by U.S. Bank. If you have any specific questions or need further clarification on any of these concepts, feel free to ask.