U.S. Bank offers an excellent range of business checking accounts designed to provide flexibility for businesses that transact online and in person. The Silver Business Checking account is a solid choice for startups, freelancers, or new business owners, with 125 free monthly transactions, no minimum balance, and no monthly service fees.
Larger enterprises can opt for the Gold or Platinum Business Checking accounts, which provide more fee-free transactions. U.S. Bank also offers specialized accounts for nonprofits, along with comprehensive cash management, payment processing, and fraud prevention tools to help businesses efficiently manage their finances.
With a decade of banking experience, my solid financial background helps me provide the best answers to our audience in line with the Fit Small Business editorial policy. I strive for accuracy, clarity, and objectivity in writing reviews and guides to ensure that small business owners can access impartial and critical information that supports their business decisions.
I also completed a Business degree and have substantial experience in facilitating account opening, performing KYC, and cross-selling different banking and investment products and services to both retail and preferred clients.
When writing this U.S. Bank business checking review, I evaluated the bank’s business checking accounts by comparing them with offerings from both traditional banks and financial technology (fintech) providers. I focused on account features, fees, and software integrations.
The bank’s basic-tier account stands out, particularly because it doesn’t charge a monthly maintenance fee—something many traditional banks still do. However, it’s worth noting that U.S. Bank only offers an Annual Percentage Yield (APY) on its mid-tier and nonprofit accounts.
I also read U.S. Bank business account reviews where customers highlighted the bank’s fee transparency and user-friendly mobile app.
Overall, U.S. Bank strikes a strong balance between in-person and digital banking, making it an excellent choice for businesses needing both. Its robust cash management and payment processing services are especially valuable for those seeking efficiency.
Pros
- No monthly maintenance fee for Silver Business Checking
- Up to $900 welcome bonus
- Online account opening available
- Branches 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, and Wyoming
- Discounted first check orders
Cons
- Low yield for interest-earning accounts
- Limited free transactions
- $100 opening deposit
- You have a low transaction volume and want a bank without a monthly fee: In our list of the best business checking accounts for LLCs, we named U.S. Bank the best provider for organizations with low transaction volumes. The Silver Business Checking covers 125 free transactions monthly with no maintenance fee, which suits businesses with limited transactions.
- You want to earn a welcome bonus: You can earn a $500 U.S. Bank business checking bonus Earn a $900 bonus by opening a Platinum Business Checking account online between January 16, 2025, and March 31, 2025. You must deposit at least $25,000 in new money within 30 days and maintain this balance until the 60th day of account opening. Additionally, you must complete qualifying activities. when you open a Silver Business Checking account online (promo code: Q1AFL25) between January 16, 2025, and March 31, 2025. To qualify, deposit at least $5,000 in new money New money refers to funds from outside U.S. Bank and cannot be transferred from another U.S. Bank product or a U.S. Bank Affiliate. within 30 days and maintain this balance until day 60. Other terms apply. Offer valid through March 31, 2025. Member FDIC.
- You run a nonprofit organization: U.S. Bank is recognized among our leading banks for nonprofits, especially those with irregular transaction schedules. Its nonprofit checking account has no monthly fee and includes 1,800 fee-free transactions annually.
U.S. Bank Alternatives & Comparison
Account Name | Monthly Service Fee | APY | Free Monthly Transactions | |
|---|---|---|---|---|
 | Silver Business Checking | None | None | 125, then 50 cents per item |
 | Standard | None | Unlimited | |
Visit Bluevine
Provider is a fintech platform backed by and FDIC-insured through a supporting bank partnership with Coastal Community Bank.
| ||||
 | Business Checking | None | None | Unlimited |
Visit Relay
Provider is a fintech platform backed by and FDIC-insured through a supporting bank partnership with Thread Bank.
| ||||
 | Performance Business Checking | $30; waivable | ||
Best For | Learn More | |
|---|---|---|
| You want a high APY: U.S. Bank offers low yields, while Bluevine gives 1.5% APY on qualifying balances up to $250,000. | Read our Bluevine business checking review |
| You want multiple subaccounts: U.S. Bank doesn’t offer subaccounts, whereas Relay lets LLCs and corporations open up to 20 and sole proprietors up to 10. | Read our Relay business checking review |
| You require in-person banking: U.S. Bank has branches in 26 states, but if your business operates outside the bank’s service area, consider Chase for broader coverage. It has branches across the lower 48 states. |
Our related resources:
U.S. Bank Business Checking Reviews From Users
| Users Like | Users Dislike |
|---|---|
| Transparency | Long check holding time |
| Great customer service | Constant fraud flagging |
| Easy internal transfers and check deposits | |
U.S. Bank has a 3.9 rating on WalletHub (from over 22,000 reviews) and a 1.2 on Trustpilot (from around 1,100 reviews). These ratings reflect a mix of feedback across various banking products and not just business checking.
Positive U.S. Bank business checking reviews highlight excellent customer support, with many praising the bank for its friendly service and transparency. Long-time customers also appreciate the ease of digital check deposits and transfers.
However, U.S. Bank received criticism for long hold times on check deposits and poor fraud detection, with some customers reporting funds being held for up to two weeks. Others have complained about fraud tagging on routine card transactions.
Meanwhile, the U.S. Bank mobile app is highly rated: 4.8 stars from 1.7 million reviews on the App Store and 4.7 from over 400,000 reviews on Google Play. Users find the app easy to use, secure, and convenient, though some experienced issues with mobile check deposits.
U.S. Bank Business Checking Terms
U.S. Bank Business Checking Requirements
U.S. Bank business checking requirements include the following:
- Social Security number (SSN) or individual taxpayer ID number (ITIN)
- Government-issued identification card (driver’s license, state-issued ID, and US passport)
- Home address, email address, and mobile number
- Business’s employer identification number (EIN) or tax ID number (TIN)
- Business name and physical address
- $100 minimum opening deposit
- Debit and credit card sales estimates Required for Business Essentials applications
- Articles of incorporation, Operating Agreement, letter from the Secretary of State, certified articles of organization, and valid government-issued business license
- Proof of legal name if using a doing business as (DBA) name
- Information on additional business owners (name, phone number, and email address)
To apply for an account online, you must own 20% or more of your business.
U.S. Bank Business Checking Features
Other U.S. Bank Business Products
U.S. Bank also offers analyzed checking, savings products, credit cards, and lending solutions.
- Analyzed Business Checking
- Basic Business Savings
- Business Money Market
- Business CDs
- U.S. Bank Business credit cards
- Lines of credit
- Quick loans
- Term loans
- Equipment financing
- CRE loans
- Medical practice financing
- SBA loans
- McDonald’s franchise financing
Frequently Asked Questions (FAQs)
U.S. Bank may place an account under review to verify the account holder’s identity, especially if unusual or suspicious activity is detected. This is done to comply with anti-money laundering regulations and to reduce fraud risks.
Yes, U.S. Bank provides both online and mobile banking for business accounts, allowing you to transfer funds, deposit checks, and pay bills seamlessly.
Yes, U.S. Bank is a solid choice for small businesses. Its Silver Business Checking account offers 125 fee-free monthly transactions and a $2,500 cash deposit allowance. Additionally, U.S. Bank business checking account fees exclude maintenance charges, helping you to save more.
Bottom Line
U.S. Bank stands out among traditional banks by offering the Silver Business Checking account, a no-monthly service fee option ideal for small businesses needing in-person banking. Unlike fintechs, U.S. Bank provides a solid branch network for face-to-face service.
Businesses with higher transaction volumes can upgrade to a U.S. Bank Gold or Platinum Business Checking account with increased transaction limits and waivable monthly fees. Additional features include overdraft protection, RDC, payment solutions, and cash management.