Silver Business Checking Package
The Silver Business Checking Account has no monthly fee and a nominal opening deposit requirement of $100. Account owners benefit from 125 free transactions per statement cycle, making it ideal for entrepreneurs or new business owners.
This account also includes several products and services designed to help save money and time. It comes with:
- Mobile and online banking options
- Check fraud prevention
- Card payment processing
- Email and text alerts
- Visa Debit Card
To be eligible, you must live in AZ, AR, CA, CO, ID, IL, IN, IA, KS, KY, MN, MO, MT, NE, NV, NM, NC, ND, OH, OR, SD, TN, UT, WA, WI, or WY.
| Account type |
Key Features Bonuses |
| Silver Business Checking Package |
- No minimum balance, no monthly fees
- Advanced security features such as fraud protection and text alerts
- 50% discount on first check order (up to $50)
- Up to $5,000 unsecured line of credit for overdraft protection (Business Reserve Line)
|
Gold Business Checking Package
The Gold Business Checking Package is best for individuals who regularly maintain a $10,000+ account balance and are looking for cash bonuses and fewer transaction fees. It does come with a monthly fee, but this is waivable.
Account monthly fee is waivable if you have any of the following:
- $10,000 average collected checking account balance, or $25,000 average collected balance on interest-bearing account
- $20,000 in total combined average collected deposit balances, or $50,000 in total combined average collected deposit balances in interest-bearing account
- $50,000 in total combined average across business deposits or outstanding credit balances
- $75,000 in total combined business deposits and outstanding business credit balances
- U.S. Bank Payment Solutions Merchant Account
Like the Silver Account, this option comes with online and mobile card payment processing, fraud protection, mobile check deposit, and a Visa Debit Card. Applicants must live in AZ, AR, CA, CO, ID, IL, IN, IA, KS, KY, MN, MO, MT, NE, NV, NM, NC, ND, OH, OR, SD, TN, UT, WA, WI, or WY.
| Account Type |
Key Features Bonuses |
| Gold Business Checking Package |
- 300 free transactions and 100 free cash deposits per statement cycle
- 50% discounts on first check order (up to $100)
- Special cash back bonus if you spend $2,500 in the first four billing cycles using Business Edge Cash Rewards
- Waived annual fee for the first year (Business Reserve Line)
|
Platinum Business Checking Package
US Bank’s Platinum Business Checking Account is designed for business owners who expect to keep a high account balance and make a lot of transactions. It comes with the same features and perks as the previous accounts plus additional transactions and deposits per cycle. It also includes front-to-back images on your monthly account statements. You must reside in AZ, AR, CA, CO, ID, IL, IN, IA, KS, KY, MN, MO, MT, NE, NV, NM, NC, ND, OH, OR, SD, TN, UT, WA, WI, or WY to qualify.
Account monthly fee is waivable if you have either of the following:
- $25,000 average collected checking account balance
- $75,000 total combined average in business deposits and outstanding business credit balances
Currently, US Bank also has a promotional offer. If you open a Silver, Gold, or Platinum Business Checking Account using promo code Q1AFL23 by March 31, 2023, you could earn $500. To qualify, you must:
- Reside in a state where you can open a US Bank account
- Enroll in online banking within 60 days of opening the account
- Deposit at least $3,000 (and maintain that balance) for at least 60 days of opening the account
| Account Type |
Key Features Bonuses |
| Platinum Business Checking Package |
- 500 free transactions and 200 free cash deposits per statement cycle
- Earn $75 in cash back when you spend $2,500 on your Business Edge Cash Rewards Card (within the first four billing cycles)
- Automatically syncs with the Business Money Market Account for a bonus interest rate
|
Business Checking Account Promo:
Earn up to a $750 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q2AFL23 and complete qualifying activities1.
Make a deposit of at least $15,000 in new money within 30 days of account opening and maintain the balance until the 60th day after account opening. Enroll in U.S. Bank business online banking or the U.S. Bank Mobile App within 60 days of account opening.
Applicant must reside in AZ, AR, CA, CO, ID, IL, IN, IA, KS, KY, MN, MO, MT, NE, NV, NM, NC, ND, OH, OR, SD, TN, UT, WA, WI, WY to be eligible for checking account. Subject to certain terms and limitations. Offer valid through June 30, 2023. Member FDIC.
Basic Business Savings Account
Like the previous three accounts, the Basic Business Savings Account has a $100 minimum account opening deposit. It also has a $500 minimum balance. If you meet these requirements, you won’t have to pay a monthly maintenance fee. This account also comes with 0.01% APY, making it a good option if you’re new to business banking and want something simple.
You can also set up the Business Savings Sweep. This links your checking and savings accounts and automatically “sweeps” excess funds from your savings to your checking when the balance falls below the minimum balance. This account does have a minimum balance requirement of $10,000, so keep that in mind.
| Account Type |
Key Features Bonuses |
| Basic Business Savings Account |
- Business Savings Sweep option to prevent monthly maintenance fees on business checking accounts (maximum of 5 sweeps per month)
- 0.01% APY
- Overdraft and fraud protection
- Mobile and online banking
|
Business CD Account
At US Bank, it’s possible to open up a Certificate of Deposit (CD). This is an investment account with minimal risk. Terms range from 14 days to 5 years and come with competitive interest rates. You must deposit between $500 and $250,000 to open an account.
| Account Type |
Key Features Bonuses |
| Business CD Account |
- 0.05% to 0.25% APY
- FDIC-insured
|
Business Money Market Accounts
Finally, US Bank offers a Platinum Business Money Market, Preferred Business Money Market, and a Premium Business Money Market Account. These come with online and mobile banking, overdraft protection, check-writing privileges, and online statements.
| Account Type |
Key Features Bonuses |
| Business Money Market Accounts |
- Up to six withdrawals per month (Platinum only)
- Up to 4.00% bonus rate (terms apply)
|
