U.S. Bank Business Checking Account Review: Pros, Cons, and Alternatives

Business Insider's personal finance team compared business checking accounts to the best business checking accounts and found it's an industry leader. The U.S. Bank Business Essentials® stands out as the strongest business account option because it has no monthly service fee and offers unlimited digital transaction.

U.S. Bank is also a solid choice if you'd like to keep your personal and business banking accounts in one place.

U.S. Bank Business Checking Account Options

U.S. Bank Business Essentials®

The U.S. Bank Business Essentials® is the bank's strongest business checking account. It has no monthly service fee.

This account might not be the best choice if you plan on making more than 25 teller and paper transactions each month. charges a fee for exceeding the account's monthly transaction limit.

U.S. Bank Gold Business Checking Package

The U.S. Bank Gold Business Checking Package is a step up from the U.S. Bank Business Essentials®. Each month, the Gold Business Checking Account allows you to make 350 free transactions as well as make 125 free cash deposits. 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 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

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

U.S. Bank Business Checking Key Features and Benefits

U.S. Bank National Branch and ATM Presence

has more than 2,000 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 with U.S. Bank Business Banking

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 with U.S. Bank Business Banking

, 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

business checking account fees vary depending on which type of account you have.

The U.S. Bank Business Essentials® 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 Business Essentials® 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

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.

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.

has mixed customer satisfaction ratings. According to a 2024 J.D. Power U.S. National Banking Satisfaction Study, U.S. Bank was ranked just above the study average on overall customer satisfaction.

U.S. Bank Business Checking Pros and Cons

U.S. Bank Business Checking Account Pros

• National branch and ATM presence
• Multiple business checking account options
• No monthly service fees on basic business checking account
• Checking account bonus on two business checking accounts
• Other business banking products and services

U.S. Bank Business Checking Account Cons

• Monthly service fees on higher-tier business checking accounts
• Out-of-network ATM fees
• Fees for surpassing the monthly transaction limit (varies depending on account)

U.S. Bank Business Checking Alternatives

U.S. Bank Business Banking vs. Axos Business Banking

We've compared the U.S. Bank Business Essentials® to another free business checking account: the Axos Basic Business Checking Account.

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.

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 Business Banking vs. NBKC Business Banking

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.

NBKC Business Checking Review

U.S. Bank Business Checking Bonuses

is offering promotions on two business checking accounts: U.S. Bank Business Essentials® and the U.S. Bank Platinum Business Checking Package.

You can earn $500 when you open a Business Essentials account, deposit $5,000 in new money within 30 days, maintain that balance for 60 days, and also make five qualifying transactions in the first 60 days.

You can earn $900 when you open a Platinum account, deposit $25,000 in new money within 30 days, maintain that balance for 60 days, and also make five qualifying transactions in the first 60 days.

These bonuses are being offered until June 30, 2025, and you'll need to use a promotional code when applying.

Opening a U.S. Bank Business Checking Account

You can open a 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.

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

What are the primary differences between U.S. Bank's business checking accounts?

The three primary business checking accounts have different monthly bank maintenance fees, interest rates, monthly service fees, free monthly transaction limits, and free cash deposit limits.

How can I waive the monthly service fee on a U.S. Bank business checking account?

The U.S. Bank Business Essentials® has no monthly service fee. The U.S. Bank Gold Business Checking Package lets you waive monthly service fees if you have a 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.

Does U.S. Bank offer online and mobile banking solutions for business accounts?

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.

Are there any additional services that U.S. Bank offers to business checking account holders?

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.

How does U.S. Bank Business Checking compare to competitors?

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.

Is U.S. Bank a good small business 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 paper/teller transaction limit, so you'll want to consider how often you'll use an account before opening it.

The post U.S. Bank Business Checking Account Review: Pros, Cons, and Alternatives appeared first on Business Insider