We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

U.S. Bank Gold Checking review

Last updated:  

Current credit card, loan or mortgage customers get access to exclusive perks.

U.S. Bank’s Gold Checking account features 100 commission-free trades per year and two fee-free Easy Checking accounts for family members. But you’re required to have a personal loan, mortgage, line of credit or credit card through U.S. Bank if you want to avoid the $14.95 monthly maintenance fee.

$14.95 per month

Monthly fee

$25

Minimum deposit to open

Details

Monthly fee$14.95 per month
To waive the feeOpen U.S. Bank personal loan, line of credit, mortgage or credit card
Minimum deposit to open$25
ATMsOver 5,300 ATM locations
ATM transaction fee$0
ATM fee rebates2 no-fee transactions per statement period at non-U.S. Bank ATMs
Out-of-network ATM fee$2.50
Overdraft fee$36

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

U.S. Bank’s Gold Checking account includes online and mobile banking in addition to the following perks:

  • Commission-free trades. Receive 100 commission-free trades per year through U.S. Bank’s affiliate, U.S. Bancorp Investments, if you enroll in paperless documents.
  • No overdraft protection transfer fee. There’s no fee if the overdraft transfer is from a U.S. Bank consumer savings account, money market or another checking account.
  • Additional checking accounts. Account holders can open two Easy Checking accounts for family members. There’s no monthly maintenance fee as long as the Gold Checking account holder co-owns the other accounts.
  • Access to an exclusive savings account. The Package Money Market Savings account is for Gold Checking account holders only. It has no monthly maintenance fee, but its interest rates fall short of the competition.
  • Discounts and other perks. Get a discount on closing costs and earn rewards through U.S. Bank’s Because You’ve Earned It program.

U.S. Bank’s ATM network and fees

U.S. Bank has over 5,300 ATM locations in over 40 states. You get two no-fee transactions per statement period at non-U.S. Bank ATMs. After that, you pay a $2.50 fee. All transactions at non-U.S. Bank ATMs are subject to ATM owner fees.

What should I look out for?

There are a few potential pitfalls to watch out for with the U.S. Bank Gold Checking account:

  • Limited branch locations. U.S. Bank has locations in 25 states. Those wanting to bank face-to-face may find it difficult to locate a branch near them.
  • Monthly maintenance fee. There’s a $14.95 monthly fee unless you have a loan, line, mortgage or credit card with U.S. Bank.
  • Paper statement fee. Waive the $2 to $6 monthly fee by enrolling in e-statements.

Compare with other checking accounts

Name Product APY ATMs Fee
No ATM fees nationwide at more than 64,000 AllPoint, participating 7-Eleven and BBVA USA ATMs
$0
A full-service account with convenient, surcharge-free access to two massive ATM networks.
0.05%
More than 64,000 AllPoint, participating 7-Eleven and BBVA USA ATMs
$19/month
(can be waived)
A full-service interest checking account that offers automatic rebates of ATM fees. Earn a $200 cash bonus when you add direct deposit.
0.01%
Free to use anywhere worldwide
$25/month
(can be waived)
Get a $1000 welcome bonus when you join Sapphire Banking by January 17, 2020. Within 45 days of joining, transfer a total of $75,000 or more in qualifying new money or securities to a combination of eligible checking, savings and/or investment accounts (excludes any J.P. Morgan retirement accounts and CDs), and maintain the balance for at least 90 days.
Radius Bank Rewards Checking
Radius Bank Rewards Checking
1.20% on balances of $100,000+
1.00% on balances of $2,500 to $99,999.99
More than 20,000 ATMs + unlimited ATM surcharge rebates
$0
Earn cash back with this high-interest checking account, plus get free ATM access worldwide.
Access to 16,000 ATMs and nearly 5,000 branches nationwide
$12/month
(can be waived)
Get a $200 bonus when you open a new Chase Total Checking account and set up direct deposit within 60 days of opening your account. Chase's simplest checking account is easy to use and gives you access to 16,000 ATMs and nearly 5,000 branches.
0.01%
38,000 fee-free ATMs nationwide
$0
Linked checking and savings accounts from a mobile-first bank that’s light on fees.

Compare up to 4 providers

How do I open a Gold Checking account?

Open a Gold Checking account online by following the steps below:

  1. Go to the U.S. Bank website
  2. Click Checking accounts under the Checking & Savings menu
  3. Scroll down to the Gold Checking Package section and click Apply Now
  4. Enter your zip code
  5. Either log into your existing U.S. Bank account or click Get Started
  6. Select whether you’re opening an individual account or a joint account, then enter your personal information
  7. Enter your employment status, annual income and other financial information
  8. Verify your info, sign and submit your application
  9. Once approved, follow the instructions to activate your account

Eligibility

You can apply for a U.S. Bank Gold Checking account as long as you meet the following criteria:

  • At least 18 years old
  • Legal US resident
  • Social Security number or Individual Taxpayer Identification Number
  • Valid driver’s license, state ID or military ID
  • Opening deposit of at least $25

Required information

Have the following information handy when you open your account:

  • Home address
  • Social Security number
  • Date of birth
  • Government-issued ID number
  • Employment status
  • Annual household income

How do I deposit or withdraw my money?

U.S. Bank’s online and mobile banking makes it easy to deposit and withdraw funds from your account.

Deposits

  • U.S. Bank mobile app
  • Cash or check at ATM
  • Direct deposit
  • Zelle payment
  • U.S. Bank branch location
  • Wire transfer
  • Transfer from another bank

Withdrawals

  • ATM using your debit card
  • Zelle payment
  • U.S. Bank branch location
  • Wire transfer
  • Transfer to another account

What other checking options does U.S. Bank offer?

U.S. Bank has several other checking account options, including:

  • U.S. Bank Safe Debit account. A basic checking account that comes with a debit card and mobile banking, but no checks.
  • U.S. Bank Student Checking account. A free checking account for students that offers waived fees on the first four non-U.S. Bank ATM transactions every month.
  • U.S. Bank Easy Checking account. Waive this basic checking account’s $6.95 monthly maintenance fee if you’re 65 or older, have a minimum account balance of $1,500 or monthly direct deposits of at least $1,000.
  • U.S. Bank Platinum Checking account. This top-tier, interest-bearing checking account comes with all the standard banking features, plus 100 commission-free trades per year and zero ATM transaction fees for non-U.S. Bank ATMs.

Bottom line

If you’re a current U.S. Bank customer looking for a checking account with commission-free trades and other perks, this account may be for you. But if you’re looking for a high-yield checking account and don’t plan to open a mortgage, line of credit or credit card through U.S. Bank, compare other checking account options before you decide.

Frequently asked questions

Ask an expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use and Privacy and Cookies Policy.
Go to site