Finder makes money from featured partners, but editorial opinions are our own. Advertiser Disclosure

U.S. Bank Platinum Checking account’s rating: 2.3 / 5.0


U.S. Bank’s Platinum Checking account is best for people who are looking for a longstanding financial relationship with the bank. Perks come in handy for those signing mortgages or taking out home equity loans. But the hefty monthly maintenance fee requires high balances to waive.

$24.95 per month





Minimum deposit to open


Fee$24.95 per month
To waive the feeMaintain a combined balance of $25,000 in personal deposits, credit balances and investments
OR maintain a personal trust with U.S. Bank
Minimum deposit to open$25
Intro or bonus offerYou’ll be eligible to earn an account bonus with a FlexPerks credit card when you open a Platinum Checking account.
ATMs4,600 ATMs
ATM transaction fee$0
Out-of-network ATM fee$0
Foreign transaction fee3%
Overdraft fee$36

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 $24.95 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

Name Product APY Minimum deposit to open ATMs Out-of-network ATM fee
Aspiration Spend & Save Account
Finder Rating: 4.2 / 5: ★★★★★
Aspiration Spend & Save Account
5.00% on balances of $0 to $10,000
55,000+ free Allpoint ATMs worldwide
Deposits are fossil fuel-free and insured by the FDIC. Enjoy a spend and save combo account with unlimited cash back rewards and a $150 bonus when you spend $1,000 in your first 60 days.
NorthOne Business Banking
Finder Rating: 3.4 / 5: ★★★★★
NorthOne Business Banking
withdraw cash at any Cirrus branded ATM location (+1,000,000 locations accross the U.S + 2m worldwide), including MoneyPass ATMs

NorthOne Business Banking is an all-in-one solution for small business owners, startups and freelancers. It boasts unlimited free transactions, subaccounts, and robust bookkeeping integrations.
Citi Priority Checking
Citi Priority Checking
Over 72,000 fee-free ATMs in the U.S.
Secure online banking and access to cash with one of the largest networks of fee-free ATMs in the US. Earn up to $1,500 when you open an eligible account and complete required activities.
Finder Rating: 4.8 / 5: ★★★★★
1.20% on balances of $0 to $50,000
0.25% on balances of $50,000.01+
More than 85,000 ATMs nationwide
A free account for crypto and cash that earns a 1.2% bonus rate plus 5% cashback on purchases from participating retailers.
First Citizens Bank Free Checking
First Citizens Bank Free Checking
1,100+ First Citizens Bank ATMs
First Citizens Bank Free Checking stands out for its built-in finance tracking tool, Manage My Money. Available to residents in NC, SC, TN, AZ, CA, CO, FL, GA, KS, MD, MO, NM, OK, OR, TX, VA, WA, WV, and WI.
Chime Spending account
Finder Rating: 4.7 / 5: ★★★★★
Chime Spending account
60,000+ fee-free ATMs
Get rid of fees with this financial app offering consumer-friendly accounts. Chime can also help you save easily and access your paycheck faster.

Compare up to 4 providers

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.

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

Similar to other brick-and-mortar institutions, U.S. Bank uses a tiered system for its checking accounts:

  • Student Checking account. There’s no monthly maintenance fee and you can use non-U.S. Bank ATMs up to four times in a month without being charged a fee.
  • Easy Checking account. Skip the $6.95 monthly maintenance fee by maintaining at least $1,500 in the account or by direct depositing at least $1,000 each month. Those over the age of 65 can access this account for free.
  • Gold Checking account. Waive the $14.94 monthly fee by opening a U.S. Bank credit card or loan. You can also use two non-U.S. Bank ATMs per statement period without being charged.

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.

Frequently asked questions

Checking account ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

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.

Read the full methodology of how we rate checking accounts.

Ask an expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • 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