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U.S. Bank Platinum Checking account

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U.S. Bank Platinum Checking
Finder score
$6.95 per month
Minimum deposit to open


Discontinued product

This product has been discontinued, and it is not available on our site. Compare other checking accounts to find one that fits your needs.


  • 100 no-commision trades each year
  • Access to Platinum Select Money Market Savings Account
  • Save on a mortgage
  • No fee at non-US Bank ATMs


  • Hefty monthly maintenance fee
  • Overseas transactions are pricey

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How do I open a U.S. Bank Platinum Checking account?

Apply online in a few steps:

  1. Go to the provider’s site and follow the steps to apply.
  2. From the U.S. Bank home page, hover over Checking & Savings and select Checking accounts.
  3. Scroll down to the Platinum Checking Package and select Apply now.
  4. Enter your ZIP code and click Go.
  5. Indicate whether you’re currently a US Bank customer by choosing Yes or No.
  6. Indicate whether you’re opening a joint or individual account. Click Next.
  7. Complete the application by filling out your name, contact info and Social Security number. At the end, U.S. Bank will indicate whether or not your application was approved.


You must be 18 years or older and a legal United States resident to open a Platinum Checking account with U.S. Bank.

Required information

While completing the application for a Platinum Checking account, keep the following info handy:

  • Social Security number or Individual Taxpayer Identification Number
  • Your driver’s license, military or state ID
  • Payment method for funding the account with a $25 deposit — credit card, debit card or the routing and account numbers of another bank account

What are the benefits of a checking account with U.S. Bank?

A checking account with U.S. Bank comes standard with remote check deposit, an intuitive app, a Visa debit card and Zelle for bank-to-bank transfers. What sets Platinum Checking apart are special perks associated with its status as a top-tier account. In addition to fee-free overdraft protection transfers, expect:

  • 100 no-commision trades each year. Trade up to 100 times in a calendar year in an independent brokerage account without being charged commission.
  • Access to Platinum Select Money Market Savings Account. Gain access to its top-tier savings account with APYs ranging from 0.05% to 0.1% — except for the first six months, when balances over 10% will receive a 2% APY.
  • Save on a mortgage. Calculate 0.25% of your overall loan and deduct it from your closing costs to save money when signing a mortgage with U.S. bank, capped at $1,000.
  • No fee at non-US Bank ATMs. Use your ATM card anywhere without fees. Though U.S. Bank won’t reimburse you for any fees each ATM charges independently.

You’ll also be eligible to earn an account bonus with a FlexPerks credit card when you open a Platinum Checking account. And maintaining your account means you can waive the annual fee on home equity loans.

U.S. Bank’s ATM network and fees

U.S. Bank has over 3,000 branches in 25 states around the country and 4,600 ATMs that are primarily scattered throughout the midwest. With the Platinum Checking account, you can use any ATM nationwide without being penalized by U.S. Bank, though you might need to pay fees charged by independent ATMs.

Here’s what you can do at U.S. Bank ATMs:

  • Withdraw cash
  • Check account balances
  • Deposit cash
  • Deposit checks
  • Transfer money between U.S. Bank accounts
  • Make a U.S. Bank credit card payment
  • Reset your pin

What should I look out for?

A $25 initial deposit is required to open a Platinum Checking account. Here’s what else to consider:

  • Hefty monthly maintenance fee. Unless you maintain a combined balance of $25,000 in personal deposits, credit balances and investments — or you maintain a personal trust with U.S. Bank — you’ll be hit with a $6.95 monthly fee.
  • Overseas transactions are pricey. Using your debit card internationally will incur a 3% fee on each transaction made in foreign currency, and a 2% fee on transactions in US dollars.

Compare with other checking accounts

1 - 6 of 26
Name Product Fee Minimum deposit to open Annual Percentage Yield (APY) Offer
SoFi Checking and Savings
Finder Score: 4.5 / 5: ★★★★★
SoFi Checking and Savings
$0 per month
4.60% on balances of $0+
0.50% on balances of $0+
1.20% on balances of $0+
Get up to $300 cash bonus with qualifying direct deposit. Terms apply. This offer is available until December 31, 2024.
Upgrade Rewards Checking Plus
Finder Score: 4.3 / 5: ★★★★★
Upgrade Rewards Checking Plus
$0 per month
Cash Card by Cash App
Finder Score: 4.4 / 5: ★★★★★
Cash Card by Cash App
$0 per month
Step Black Card
Finder Score: 4.3 / 5: ★★★★★
Step Black Card
From $0 per month
5.00% on balances of $0 to $1,000,000
PNC Virtual Wallet with Performance Select
Finder Score: 3.4 / 5: ★★★★★
PNC Virtual Wallet with Performance Select
$25 per month
(can be waived)
Earn $400 when you open a new PNC Virtual Wallet with Performance Select and establish a direct deposit of at least $5,000+ to your Spend account in the first 60 days.
Axos Bank Rewards Checking
Finder Score: 4.2 / 5: ★★★★★
Axos Bank Rewards Checking
$0 per month
3.30% on balances of $0 to $50,000
Use promo code RC500 and apply by July 31th, 2024, to earn up to $500 bonus, $100 each month you meet requirements: receive qualifying direct deposits of $1,500.00+ and maintain an average daily balance of $3,000+.

How do I deposit or withdraw my money?

Deposit money into your Platinum Checking account with U.S. Bank by:

  • Direct deposit. Automatically deposit paychecks into your account.
  • Check deposit. Deposit checks through the app or in-person at a branch location.
  • Cash deposit. Input cash through an ATM or in-person at a branch location.
  • Electronic transfer. Send money to your Platinum Checking account online or through the app.
  • Wire transfer. Wire money in and out of the Platinum Checking account. Note that there’s a $20 fee per incoming wire.

Withdraw funds from your Platinum Checking with U.S. Bank by:

  • ATM withdrawal. Get cash at an ATM using your debit card.
  • Electronic transfer. Send money to an external bank.
  • Wire transfer. Wire outgoing funds, noting that there’s a $30 fee to do so domestically.

Bottom line

Platinum Checking with U.S. Bank is best for those who’d like a diverse relationship with the bank. The perks associated with signing on include discounts on mortgage closings, stock market trades and on other U.S. Bank accounts.

If you’re not interested in that kind of commitment or just don’t want to deal with the hefty maintenance fee, compare your other options.

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Checking account ratings

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We analyze top checking accounts and rate them one to five stars based on factors that are most important to you. These factors include: monthly fees, the ease at which monthly fees can be waived, the breadth of ATM access, ATM and overdraft fees, and customer service.

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