As one of the largest banks in the U.S., U.S. Bancorp — commonly known as US Bank — offers a wide range of account types and benefits for its customers. With an extensive lineup of services and strong involvement in community-based programs, the bank continues to build its solid reputation nationwide.
If you’re looking for a reliable and easy way to manage your finances, it’s worth exploring what U.S. Bank has to offer.
Types of US Bank Accounts
US Bank provides several types of accounts tailored to different financial needs. Here are the main ones:
Bank Smartly® Checking Account
This is US Bank’s standard checking account, built for everyday use. It comes with digital tools and features options to waive monthly fees under certain conditions.
There are also other checking account variations available, including options that waive fees with a minimum balance, as well as specialized accounts for teens and young adults (ages 13–24), seniors (65+), and military members.
Bank Smartly® Savings
This savings account is designed to help customers set aside money for both short-term and long-term goals. It earns interest and may have maintenance fees, which can be waived when linked to a qualifying checking account.
Certificate of Deposit (CD) Accounts
CDs are time-based deposit accounts that offer higher interest rates in exchange for locking in your funds for a set period — typically months or years.
Money Market Accounts
These accounts offer competitive interest rates and more flexibility than CDs, although they may come with some transaction limitations.
Retirement Accounts
US Bank also offers retirement savings options, which provide tax advantages and help you plan for the future.
Benefits and Rewards
Beyond variety, US Bank accounts come with several perks and rewards programs.
One standout is the Smart Rewards® Program, which offers tiered benefits to customers who hold a Bank Smartly® Checking Account. Depending on your balance, you can unlock perks at levels like:
- Bronze
- Silver
- Gold
- Platinum
- Platinum Plus
New customers can enjoy waived maintenance fees for the first two months, along with protection for direct deposit paychecks and waived fees for out-of-network transactions.
As you move up the Smart Rewards® tiers, you’ll gain access to extras like cashback offers, lower loan rates, more fee-free ATM transactions, and discounts on check orders.
By pairing eligible credit cards with the Smart Rewards® Program, you can also earn cashback on daily purchases and receive personalized deals from partner retailers and restaurants.
New account holders may also qualify for a cash welcome bonus, depending on the promotional period — so it’s a good idea to check the current offer when applying. All accounts come with full access to digital banking tools and a user-friendly mobile app.
Who Can Open a US Bank Account?
Opening an account is simple for most people. U.S. citizens and permanent residents just need a Social Security Number (SSN) and proof of address to get started.
Temporary residents and foreign nationals can also open a checking account, but they’ll need to visit a local branch in person with valid identification and proof of a U.S. address. In some cases, an initial deposit may be required to activate the account.
Requirements may vary slightly by location, so it’s best to confirm with your local US Bank branch. Once you’ve found the account that fits your needs, you can apply online or head to the nearest branch.
The process is straightforward, but if you prefer in-person support, branch staff across the country are ready to help. If you’re looking for an affordable, full-featured account, US Bank may be the right choice for you.
All information in this and other BOISLA articles is subject to change over time. Please check for updates directly with the institutions and companies mentioned. Approval is subject to the institution’s review.
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