U.S. Bank
U.S. Bank Business Checking (Essentials / Gold / Platinum / Premium / Nonprofit)
By Alex Compton · Last verified
A genuinely free entry tier from a top-five branch bank
Insurance: FDIC insured up to $250,000 (U.S. Bank, N.A.)
Live Bonus
This account currently pays a $1,200 opening bonus: $400 Business Essentials with $5,000 in new money; $1,200 Platinum with $25,000. See the full requirements.
Source checked September 4, 2026 · Offer ends September 27, 2026
Account Terms History
A dated record of APY, fees and opening requirements. New changes append to this table; prior terms remain visible.
| Observed | APY | Monthly fee | Minimum | Evidence |
|---|---|---|---|---|
| 2026-09-04 | None on Essentials and Platinum; interest-bearing Gold and Nonprofit options; Premium earns an earnings credit | $0 / $20 / $30 / $34 / $0; Gold and Platinum waivable | $25 | U.S. Bank business checking comparison, pricing, and offer terms →Corrected the opening deposit and transaction tiers; added Premium and Nonprofit; verified the current $400 / $1,200 offer |
| 2026-06-11 | None | $0 / $20 / $30 for Essentials, Gold, and Platinum | $100 | Archive record · no attached snapshotLegacy snapshot recorded 125 / 300 / 500 transactions and did not include Premium or Nonprofit |
Primary-source verification log
Append-only evidence ledger- changed
Corrected opening deposit and transaction tiers; added Premium and Nonprofit; confirmed current offer
Fields: accountName, apy, monthlyFee, minimumOpen, plans, features, atm, cons, url, termHistory, lastVerified
U.S. Bank business checking comparison, pricing, and offer terms →
Plan Options
Business Essentials
$0
- ▸No monthly fee with no waiver requirements
- ▸Unlimited digital transactions and 25 free teller or paper transactions per statement cycle, then $0.50 each
- ▸25 free cash-deposit units per cycle, then $0.35 per $100
Gold Business Checking
$20, waived with Payment Solutions, a $10,000 average collected checking balance, $20,000 in combined business deposits, or $50,000 in combined deposits and credit balances; higher bars apply to the interest-bearing option
- ▸350 free transactions per cycle, then $0.45 each
- ▸125 free cash-deposit units per month, then $0.35 per $100
- ▸Discounts on additional banking services
Platinum Business Checking
$30, waived with Payment Solutions, a $25,000 average collected checking balance, or $75,000 in combined business deposits and credit balances
- ▸550 free transactions per cycle, then $0.40 each
- ▸250 free cash-deposit units per month, then $0.35 per $100
- ▸Best per-item pricing for high-volume operations
Premium Business Checking
$34; an earnings credit based on balances can offset eligible account fees
- ▸Designed for businesses that use treasury and cash-management services
- ▸Per-item transaction and cash-processing pricing applies
- ▸Earnings credit can offset eligible service charges
Nonprofit Checking
$0
- ▸Interest-bearing account for eligible nonprofit organizations
- ▸1,800 free transactions per calendar year, then $0.50 each
- ▸300 free cash-deposit units per calendar year, then $0.35 per $100
Features
- ▸Free Essentials tier with no waiver requirements, rare among branch banks
- ▸Essentials includes unlimited digital transactions plus 25 teller or paper transactions per cycle
- ▸Gold and Platinum include 350 and 550 transactions per cycle
- ▸Cash-deposit allowances scale from 25 to 250 units depending on the account
- ▸Recurring new-account bonuses on business checking
- ▸2,000+ branches across 26 states plus a strong mobile app
- ▸Merchant services integration can waive the Gold fee outright
Pros
- +Essentials is free with a real branch network behind it
- +Regular cash bonuses for opening business checking
- +Merchant-account path waives the Gold fee without parking cash
- +Clean tier ladder as volume grows
Cons
- −Essentials and Platinum do not pay interest, and Gold's interest-bearing option needs higher waiver balances
- −Essentials includes only 25 teller or paper transactions and 25 cash-deposit units per cycle
- −Branch footprint is Midwest/West weighted; thin on the East Coast
- −Per-item overage fees add up fast if you straddle tiers
Our Take
U.S. Bank's Business Essentials is the best free entry account at any major branch bank, and the periodic sign-up bonuses sweeten an already fair deal. The Gold and Platinum tiers price competitively against Chase and BofA once your volume justifies them. The main check is geographic: if there is no branch near you, a fintech account does the free tier better.
Best for: Low-volume businesses in U.S. Bank's footprint that want free branch banking
Open at U.S. Bank →Last verified 2026-09-04
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