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How to get a U.S. Bank cash advance

Using your credit card is one way of getting a cash advance.

Updated

Fact checked

U.S. Bank makes it simple for its cardholders to pull cash out of their credit lines. However, cash advances don’t come cheap.

No matter the kind of transaction, you’ll pay high fees and interest that starts to accrue from the moment you make your transaction.
This makes U.S. Bank cash advances useful only in emergencies.

How to get a U.S. Bank card cash advance

U.S. Bank has four ways of getting cash from your credit card account:

  • ATM cash withdrawal
  • Cash convenience checks
  • Cash withdrawal at a bank branch
  • Online cash transaction

How to get a U.S. Bank cash advance from an ATM

The steps to get cash out of an ATM are:

  1. Call the number on the back of your card or 800-285-8585 and request a PIN if you don’t have one.
  2. Go to a participating ATM.
  3. Enter the amount you wish to withdraw.

Note: If you don’t have a PIN, visit a bank branch. Give the bank teller your credit card and a photo ID and request your cash advance.

How to get a U.S. Bank cash advance online

If you need cash in your U.S. Bank checking or savings accounts, here’s what to do:

  1. Log in to your online banking account.
  2. Click Get a cash advance.
  3. Choose your U.S. Bank credit card account from where to pull money.
  4. Choose your U.S. Bank savings or checking account.
  5. Select an amount of $50 or more.
  6. Review and submit.

Compare U.S. Bank credit cards

Name Product Filter values Cash advance rate Cash advance fee Recommended minimum credit score
U.S. Bank Business Cash Rewards World Elite™ Mastercard®
23.99% variable
$10 or 5% of the cash advance amount, whichever is greater
740
Earn $500 cash back after you spend $4,500 on purchases in the first 150 days from account opening. Rates & Fees
U.S. Bank Business Platinum
23.99% variable
$10 or 5% of the cash advance amount, whichever is greater
740
Enjoy a 0% intro APR on purchases and balance transfers for the first 20 billing cycles, reverting to a variable 9.99% to 17.99% APR. Rates & Fees
U.S. Bank Business Leverage® Visa Signature® Card
23.99% variable
$15 or 5% of the cash advance amount, whichever is greater
740
Earn 75,000 points after spending $7,500 in the first 4 months. Rates & Fees
U.S. Bank Cash+™ Visa Signature® Card
23.99% variable
$10 or 4% of the cash advance amount, whichever is greater
670
When you spend $500 on your card within the first 90 days, you’ll receive a $200 cash back bonus. Rates & Fees
U.S. Bank Visa® Platinum Card
23.99% variable
$10 or 4% of the cash advance amount, whichever is greater
740
0% intro APR on purchases and balance transfers for the first 20 months from account opening.
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Compare up to 4 providers

What purchases does U.S. Bank consider cash advance?

There are other transactions that U.S. Bank classifies as cash advances, which start to accrue interest from the day you make the transaction. These are:

  • Cashier’s checks
  • Casino gaming and betting transactions
  • FastCash
  • Foreign cash transactions
  • Lottery tickets
  • Money orders
  • Overdraft protection advances
  • Traveler’s checks
  • Wire transfers

U.S. Bank cash advance fee

There are two cash advance fees, depending on the transaction and a high APR for all of them:

  • A 3% fee of the amount with a $5 minimum for convenience checks
  • A 4% fee of the amount with a $10 to $20 minimum for other cash advance transactions
  • A variable cash advance APR around 25% to 26%

A $500 U.S. Bank ATM cash withdrawal comes with:

  • $15 cash advance fee
  • $3 ATM fee (depending on the ATM)
  • $11 interest if paid after 30 days
  • Total cost: $529

Bottom line

U.S. Bank cash advances may seem cheaper than other card providers’, but the difference is minuscule. Because of that, try to avoid cash advances unless absolutely necessary.

If you want a credit card with $0 cash advance fee and low cash advance interest rates, compare these options until you find the right card for your needs.

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