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U.S. Bank review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

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Our verdict

U.S. Bank suits people in the US who want a bank licence, deposit protection and branch access, and can accept a monthly fee of $12 on the checking account. Its currency conversion fee of 0% ranks well, and the savings side pays a variable rate of 3.5%.

Key facts

Best for
US residents wanting a bank licence with FDIC deposit protection and branch and ATM access.
Monthly fee
$12↗
Licence type
Bank↗
Deposit protection
FDIC up to USD 250,000↗
Currency conversion fee
0%↗
Local account details
Us-ACH↗
Legal entity
U.S. Bank National Association↗
Headquarters
United States↗
Founded
1863↗
Support channels
Phone, Help-centre↗
Audience
Students, Teens
Pricing model
No monthly fee
Features
Free ATM withdrawals, Joint account
Official website
usbank.com

Savings

Headline rate
3.5%↗
Rate type
Variable↗
Minimum deposit
$25↗
Access terms
Easy access to funds: withdraw or transfer at thousands of U.S. Bank branches and ATMs; open with $25, no fixed term↗
Account kind
Easy access↗

Facts checked September 26, 2026, 7 sources

Apps and profiles

Elsewhere
WikidataLinkedInXfacebook.com

Pros and cons

Pros

  • Bank licence with deposit protection of FDIC up to USD 250,000
  • Currency conversion fee of 0%, ranked 1 of 312 on that measure
  • Savings pay a variable rate of 3.5% with easy access and no fixed term
  • Free ATM withdrawals and joint accounts, with support by phone and help centre

Cons

  • Monthly fee of $12 on the checking account, where the site median is €0
  • Savings need a minimum deposit of $25 to open
  • Rate type is variable, so the 3.5% can move
U.S. Bank

Ready to try U.S. Bank?

Scored 9.2 / 10 by VaultCue.

See alternatives

Who it suits

  • US residents who want deposits covered by FDIC up to USD 250,000
  • Students and teens, who are the listed audience for the checking account
  • Anyone who values branch and ATM access over a fee free account

Who should look elsewhere

  • People wanting a fee free account: AXI Card Tarjeta y Credito charges €0
  • Supporters of the euro style brokerage model such as XTB, at €0
  • Users who only need a wallet balance, since Skrill charges €0

The company behind it

The account is run by U.S. Bank National Association, based in the United States and founded in 1863. It holds a bank licence and is supervised in the US by the FDIC, registered as FDIC cert 6548. Deposits are covered by FDIC up to USD 250,000. Support runs through phone and help centre, and local transfers use us ach.

How U.S. Bank compares

Where U.S. Bank is available

Available
United States
Licence in United States
FDIC (FDIC cert 6548), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

How much does the checking account cost each month?+

The checking account carries a monthly fee of $12. That is higher than most of the accounts on the site, where the median monthly fee is €0 and the upper quartile is €0. Worth weighing against branch access before opening.

Is my money protected at U.S. Bank?+

Deposits sit under FDIC up to USD 250,000. The bank holds a bank licence and is registered with the US regulator as FDIC cert 6548, so the money is covered by a US deposit scheme rather than a licence arrangement outside the country.

What rate does the savings account pay?+

The savings account pays a variable rate, with a headline rate of 3.5%. Because the rate type is variable rather than fixed, the figure can move, and the site median for headline rates is 3%.

How much do I need to open the savings account?+

You need a minimum deposit of $25 to open the savings account. There is no fixed term, and funds stay easy to reach through branches and ATMs, which suits anyone keeping a pot they may need without notice.

What does it cost to convert currency?+

The currency conversion fee is 0%, which places U.S. Bank at position 1 among 312 brands on that measure. The site median conversion fee is 0.5%, so the cost sits well below the typical figure.

Who is this account aimed at?+

The checking account lists students and teens as its audience, and it offers free ATM withdrawals plus joint accounts. Anyone wanting fee free everyday banking may find the monthly fee of $12 harder to accept.

How do I get help if something goes wrong?+

Support runs through phone and help centre, so you can call or use the help centre. Funds are moved locally through us ach, and the savings account can be opened with a minimum deposit of $25.

Sources

Compiled from 7 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Currencies.

U.S. Bank

U.S. Bank

US residents wanting a bank licence with FDIC deposit protection and branch and ATM access.

9.2/10See alternatives