U.S. Bank is a solid choice if you'd like to open a business checking account with a brick-and-mortar financial institution.
But if you prioritize low monthly service fees and unlimited monthly transactions, you might prefer one of the best business checking accounts since many meet this criteria.
U.S. Bank Business Checking Account Options
U.S. Bank Silver Business Checking Package
no monthly service fee
None
$100
$500
- $100 minimum opening deposit
- No monthly service fees
- Overdraft protection available
- 125 free transactions per month
- May qualify for cash bonus
- $0.50 fee for each transaction that exceeds the 125 monthly limit
- $2.50 out-of-network ATM fee
- $20 incoming domestic wire transfer fee
- $30 outgoing domestic wire transfer fee
- $25 incoming international wire transfer fee
- $50 outgoing international wire transfer fee
- $12.50 fee if you utilize overdraft protection
U.S. Bank might be ideal if you'd like to open a business checking account with a brick-and-mortar financial institution that offers 24/7 customer support. But if you prioritize low monthly service fees and unlimited monthly transactions, you might want to consider going through our best free checking accounts guide for options.
- Promo code Q1AFL25 MUST be used when opening a U.S. Bank Silver, Platinum, or Business Essentials Business Checking account. Limit of one bonus per business. A $100 minimum deposit is required to open one of the referenced accounts. Business Essentials is not available in all markets; contact a banker for more details.
- Bonus Options
- Earn your $500 Business Checking bonus by opening a new U.S. Bank Silver Business Checking or Business Essentials account between 1/16/2025 and 3/31/2025. You must make deposit(s) of at least $5,000 in new money within 30 days of account opening and thereafter maintain a daily balance of at least $5,000 until the 60th day after account opening. You must also complete 5 qualifying transactions within 60 days of account opening
- or
- Earn your $900 Business Checking bonus by opening a new U.S. Bank Platinum Business Checking account between 1/16/2025 and 3/31/2025. You must make deposit(s) of at least $25,000 in new money within 30 days of account opening and thereafter maintain a daily balance of at least $25,000 until the 60th day after account opening. You must also complete 5 qualifying transactions within 60 days of account opening.
- Qualifying transactions include debit card purchases, ACH credits, Wire Transfer credits and debits, Zelle credits and debits, U.S. Bank Mobile Check Deposit or Bill Pay. Other transactions such as (but not limited to) other Person to Person payments, transfers to credit card or transfers between U.S. Bank accounts are not eligible.
- New money is considered money that is new to U.S. Bank. Funds must come from outside U.S. Bank and cannot be transferred from another U.S. Bank product or a U.S. Bank Affiliate. For accounts opened on non-business days, weekends or federal holidays, the open date is considered the next business day. Account fees (e.g., monthly maintenance, paper statement fee, etc.) could reduce the qualifying daily balance, therefore you must make deposit(s) to cover the fees to maintain the daily balance during the qualifying period to be awarded the bonus. Refer to the Business Pricing Information or Business Essentials® Pricing Information Document for a list of fees.
- Bonus will be deposited into your new eligible U.S. Bank Business Checking account within 30 days following the last calendar day of the month you complete all of the offer requirements, as long as the account is open and has a positive available balance.
- Offer may not be combined with any other business checking account bonus offers.
- Existing customers (businesses) with a business checking account or customers (businesses) who had an account in the last 12 months, do not qualify.
- All regular account-opening procedures apply. For a comprehensive list of checking account pricing, terms and policies, reference your Business Pricing Information or Business Essentials® Pricing Information and YDAA disclosure. These documents can be obtained by contacting a U.S. Bank branch or calling 800.872.2657.
- Bonus will be reported as interest earned on IRS Form 1099-INT and recipient is responsible for any applicable taxes. Current U.S. Bank employees are not eligible. U.S. Bank reserves the right to withdraw this offer at any time without notice.
- Member FDIC.
The U.S. Bank Silver Business Checking Package is the bank's strongest business checking account. It has zero monthly bank maintenance fees.
This account might not be the best choice if you plan on making more than 125 transactions per month. U.S. Bank charges a fee for exceeding the account's monthly transaction limit.
U.S. Bank Gold Business Checking Package
$20 monthly service fee
None
$100
None
- $100 minimum opening deposit
- Possible to waive monthly service fee
- Overdraft protection available
- 100 free cash deposits per statement cycle
- 300 free transactions per month
- May qualify for cash bonus
- $20 monthly service fee
- $0.45 fee for each transaction that exceeds the 300 monthly limit
- $2.50 out-of-network ATM fee
- $20 incoming domestic wire transfer fee
- $30 outgoing domestic wire transfer fee
- $25 incoming international wire transfer fee
- $50 outgoing international wire transfer fee
- $12.50 fee if you utilize overdraft protection
U.S. Bank might be ideal if you'd like to open a business checking account with a brick-and-mortar financial institution that offers 24/7 customer support. But if you prioritize low monthly service fees and unlimited monthly transactions, you might want to consider going through our best free checking accounts guide for options.
- Member FDIC.
The U.S. Bank Gold Business Checking Package is a step up from the U.S. Bank Silver Business Checking Package. Each month, the Gold Business Checking Account allows you to make 300 free transactions and deposit $10,000 or make 100 free cash transactions. You also can get a traditional or interest-earning version.
With this account, you'll want to be mindful of the $20 monthly service fee. The monthly fee may only be waived if you have a U.S. Bank Payment Solutions Merchant Account, receive a certain amount in collected deposit balances, or keep a certain amount in your checking account or across U.S. Bank business banking and credit products. Also, keep in mind that the interest-earning version has higher balance requirements to waive monthly service fees.
U.S. Bank Platinum Business Checking Package
$30 monthly service fee
None
$100
$900
- $100 minimum opening deposit
- Possible to waive monthly service fee
- Overdraft protection available
- 550 free transactions per month
- May qualify for cash bonus
- $30 monthly service fee
- $0.40 fee for each transaction that exceeds the 550 monthly limit
- $2.50 out-of-network ATM fee
- $20 incoming domestic wire transfer fee
- $30 outgoing domestic wire transfer fee
- $25 incoming international wire transfer fee
- $50 outgoing international wire transfer fee
- $12.50 fee if you utilize overdraft protection
U.S. Bank might be ideal if you'd like to open a business checking account with a brick-and-mortar financial institution that offers 24/7 customer support. But if you prioritize low monthly service fees and unlimited monthly transactions, you might want to consider going through our best free checking accounts guide for options.
- Promo code Q1AFL25 MUST be used when opening a U.S. Bank Silver, Platinum, or Business Essentials Business Checking account. Limit of one bonus per business. A $100 minimum deposit is required to open one of the referenced accounts. Business Essentials is not available in all markets; contact a banker for more details.
- Bonus Options
- Earn your $500 Business Checking bonus by opening a new U.S. Bank Silver Business Checking or Business Essentials account between 1/16/2025 and 3/31/2025. You must make deposit(s) of at least $5,000 in new money within 30 days of account opening and thereafter maintain a daily balance of at least $5,000 until the 60th day after account opening. You must also complete 5 qualifying transactions within 60 days of account opening.
- or
- Earn your $900 Business Checking bonus by opening a new U.S. Bank Platinum Business Checking account between 1/16/2025 and 3/31/2025. You must make deposit(s) of at least $25,000 in new money within 30 days of account opening and thereafter maintain a daily balance of at least $25,000 until the 60th day after account opening. You must also complete 5 qualifying transactions within 60 days of account opening.
- Qualifying transactions include debit card purchases, ACH credits, Wire Transfer credits and debits, Zelle credits and debits, U.S. Bank Mobile Check Deposit or Bill Pay. Other transactions such as (but not limited to) other Person to Person payments, transfers to credit card or transfers between U.S. Bank accounts are not eligible.
- New money is considered money that is new to U.S. Bank. Funds must come from outside U.S. Bank and cannot be transferred from another U.S. Bank product or a U.S. Bank Affiliate. For accounts opened on non-business days, weekends or federal holidays, the open date is considered the next business day. Account fees (e.g., monthly maintenance, paper statement fee, etc.) could reduce the qualifying daily balance, therefore you must make deposit(s) to cover the fees to maintain the daily balance during the qualifying period to be awarded the bonus. Refer to the Business Pricing Information or Business Essentials® Pricing Information Document for a list of fees.
- Bonus will be deposited into your new eligible U.S. Bank Business Checking account within 30 days following the last calendar day of the month you complete all of the offer requirements, as long as the account is open and has a positive available balance.
- Offer may not be combined with any other business checking account bonus offers.
- Existing customers (businesses) with a business checking account or customers (businesses) who had an account in the last 12 months, do not qualify.
- All regular account-opening procedures apply. For a comprehensive list of checking account pricing, terms and policies, reference your Business Pricing Information or Business Essentials® Pricing Information and YDAA disclosure. These documents can be obtained by contacting a U.S. Bank branch or calling 800.872.2657.
- Bonus will be reported as interest earned on IRS Form 1099-INT and recipient is responsible for any applicable taxes. Current U.S. Bank employees are not eligible. U.S. Bank reserves the right to withdraw this offer at any time without notice.
- Member FDIC.
The U.S. Bank Platinum Business Checking Package might be a decent choice if you regularly make up to 550 transactions per month and maintain a high account balance. Otherwise, you might have to deal with monthly service fees or excess monthly transaction fees.
Overview of U.S. Bank Business Checking Account Offerings
| Silver Business Checking Package | Gold Business Checking or Gold with Interest Checking Package | Platinum Business Checking Package | |
| Minimum opening deposit | $100 | $100 | $100 |
| Interest earned | None | None for traditional version; 0.01% APY on all balances for interest-bearing version | None |
| Monthly service fee | no monthly service fee | $20 monthly service fee; can be waived | $30 monthly service fee; can be waived |
| Free monthly transaction limit | 125 | 300 | 550 |
| Free cash deposits per month | 25 or $2,500 (whichever comes first) | 100 or $10,000 (whichever comes first) | 200 or $20,000 (whichever comes first) |
| Fee for transactions that surpass the free monthly limit | $0.50 per transaction | $0.45 per transaction | $0.40 per transaction |
| Cash bonus | $500 | None | $900 |
| Start Banking | Start Banking | Start Banking |
U.S. Bank Business Checking Key Features and Benefits
National Branch and ATM Presence
U.S. Bank has more than 2,200 branches across 26 states. Locations are available in Arkansas, California, Colorado, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Minnesota, Missouri, Montana, Nebraska, Nevada, New Mexico, North Carolina, North Dakota, Ohio, Oregon, South Carolina, South Dakota, Tennessee, Texas, Utah, Washington, Wisconsin, and Wyoming.
The bank offers ATMs across 40 states and is part of the MoneyPass ATM Network, which provides access to over 37,000 ATMs.
Free Monthly Transactions
U.S. Bank has limits on how many free monthly transactions you can have a month. If you exceed the free monthly limit on any business checking account, there's an excess monthly transaction fee, which can add up if you go over frequently.
While it's nice that U.S. Bank has different monthly limits for each of its business checking accounts, other business banking options might be a better fit. Some online banks have business checking accounts with unlimited transaction limits.
Free Cash Deposits
U.S. Bank, like many other brick-and-mortar banks, lets you make free cash deposits to business checking accounts. In comparison, some online banks don't let you make cash deposits or charge a fee for each cash deposit you make.
U.S. Bank Business Checking Fees and Charges
U.S. Bank business checking account fees vary depending on which type of account you have.
The U.S. Bank Silver Business Checking Package has no monthly service fee, but it has the highest excess monthly transaction fee.
The U.S. Bank Gold Business Checking Package is the in-between option of the three business checking account packages. It has a $20 monthly service fee that can be waived if you have a U.S. Bank Payment Solutions Merchant Account, receive a certain amount in collected deposit balances, or keep a certain amount in your checking account or across U.S. Bank business bank account and credit products. The excess monthly transaction fee is also lower than the U.S. Bank Silver Business Checking Package but higher than the U.S. Bank Platinum Business Checking Package.
The U.S. Bank Platinum Business Checking Package has the highest monthly service fee, and you generally need to keep a high average collected checking balance or high balance across business banking and credit products to waive the fee. The excess monthly transaction fee is the lowest out of all the three accounts, though.
To learn more about business checking account fees, you'll have to reach out to customer support or go to a nearby U.S. Bank location and request the pricing information disclosure. It's no longer on the bank website.
Additional U.S. Bank Business Services and Products
U.S. Bank has a variety of business banking services and products. In addition to having business checking accounts, you can open a business savings account, a business money market account, or a business CD. You could also get a business loan, apply for a business line of credit, or choose from a variety of business credit card options.
Opening a U.S. Bank Business Checking Account
You can open a U.S. Bank business checking account online or at a branch.
To apply, you must have an employer identification number (EIN) or a tax ID number. You'll input basic information about yourself, your name, email address, Social Security number, and phone number. Business documentation is also necessary for opening a business checking account. For example, you might need Articles of Incorporation or a partnership agreement document.
All U.S. Bank business checking accounts require a $100 minimum opening deposit.
U.S. Bank Customer Support and Feedback
If you have questions about bank products or services, visit the FAQ page on the bank's website. Customer service representatives are available at nearby branches or by phone to answer questions about business products. Business Service Center hours are 8 a.m. to 8 p.m. CT on weekdays and 8 a.m. to 6:30 p.m. CT on Saturdays.
U.S. Bank has mixed customer satisfaction ratings. According to a 2023 J.D. Power U.S. National Banking Satisfaction Study, U.S. Bank was ranked below the study average on overall customer satisfaction.
U.S. Bank Business Checking Alternatives
U.S. Bank vs. Axos
We've compared the U.S. Bank Silver Business Checking Package to another free business checking account: the Axos Basic Business Checking Account.
You'll favor the Axos Bank Basic Business Checking Account if you plan to make more than 125 transactions per month.
The Axos Bank Basic Business Checking Account also might be a better option for avoiding ATM fees and domestic wire transfer fees. The Axos checking account lets you make two free domestic wire transfers per month and provides unlimited domestic ATM fee reimbursements.
Both banks offer cash bonuses when you open a business checking account right now. At U.S. Bank, you can earn bonuses of $500 bonus when you open a Silver Business Checking Account online with promo code Q1AFL25 and complete qualifying activities (offer valid through March 31, 2025) or $900 when you open a Platinum Business Checking Account online with promo code Q1AFL25 and complete qualifying activities (offer valid through March 31, 2025).
Axos Bank has a bonus of up to $400. You must open a new business bank account using the promo code "NEW400" by September 30, 2025, and complete ten point-of-sale transactions per month using your Small Business Checking Visa® Debit Card for signature-based purchases with a minimum of $3 per transaction and have bill pay set up and connected to your account. The bill pay transaction minimum is $10. A bonus of $100 will be earned for each statement cycle during which the average daily balance in your account must be at a minimum of $50,000 or greater. And if you maintain an average daily balance of between $25,000 and $49,999.99, $75 will be earned for each statement cycle.
Axos Basic Business Checking Account Review
U.S. Bank vs. NBKC
U.S. Bank and NBKC Bank both have free business checking accounts that are available throughout the U.S. See how the two banks compare.
NBKC will likely be more appealing if you're searching for a hassle-free business checking account. The NBKC Business Checking Account stands out because there's no limit on monthly transactions, and you may open an account with $0.
If you would like to earn a cash bonus when opening a business checking account, you might lean more toward U.S. Bank. NBKC doesn't have any business checking account bonuses right now.
Why You Should Trust Us: How We Reviewed U.S. Bank Business Checking Accounts
We used our business checking account methodology for all three U.S. Bank business checking accounts. We use a scale of one to five stars for our overall rating. We looked various categories, including transaction limits, minimum opening deposit requirements, monthly fees, ATM network/fees, customer support availability, mobile app ratings, miscellaneous features, and the ethics and security of the company.We use a weighted average to get our star rating.
U.S. Bank Business Checking FAQs
The three primary U.S. Bank business checking accounts have different monthly bank maintenance fees, interest rates, monthly service fees, free monthly transaction limits, and free cash deposit limits.
The U.S. Bank Silver Business Checking Package has no monthly service fee. The U.S. Bank Gold Business Checking Package lets you waive monthly service fees if you have a U.S. Bank Payment Solutions Merchant Account, receive a certain amount in collected deposit balances, or keep a certain amount in your checking account or across U.S. Bank business banking credit products. The U.S. Bank Platinum Business Checking Package lets you waive monthly service fees if you keep a certain amount in your checking account or across U.S. Bank business banking and credit products.
U.S. Bank has online and mobile banking. Through online banking, you can monitor your cash flow, use online bill pay, and manage invoices. On the mobile app, you can make mobile check deposits, add cards to a digital wallet, and get alerts for your account balance or upcoming bills.
U.S. Bank also has a business savings account, business money market account, business CDs, business credit cards, and business loans. It also has merchant services for small businesses.
U.S. Bank stands out from other competitors because it has a free business checking account. Some national brick-and-mortar banks have business checking accounts with monthly service fees (although, you can waive the fees if you meet certain requirements). That said, business checking accounts from online banks may be more suitable if you're looking for free banking options that have unlimited free transactions.
U.S. Bank has a solid free business checking account, and it could be an appealing option if you prefer brick-and-mortar banks to online banks. The bank's free business checking account has a monthly transaction limit, so you'll want to consider how often you'll use an account before opening it. If you think you'll exceed the 125 monthly transaction limit, U.S. Bank has additional business checking accounts, but there are monthly service fees on these accounts unless you qualify to waive the fee.
