How to open a U.S. Bank account and its requirements

Do you want to open a bank account? If so, you should know that U.S. Bank offers different options, such as checking, savings and student checking accounts.

In addition, this institution offers online and mobile banking services to access your accounts, transfer funds and pay bills easily and conveniently.

To open an account at U.S. Bank, you can do so online, by visiting one of its branches or by calling a bank representative at 800-398-0371.

Requirements to open an account at U.S. Bank

To open an account at U.S. Bank, you must meet the following requirements:

• Be 18 years of age or older.
• Be a legal resident of the United States.
• Provide your social security number. If you do not have one, you may use your Individual Taxpayer Identification Number (ITIN).
• Present a valid government-issued ID, such as a driver's license, passport or state ID.

How to open a U.S. Bank account online?

1. Visit the U.S. Bank website.
2. Explore the different account options available.
3. Once you have decided which type of account you would like to open, click on "Apply Online".
4. Complete the online application form by providing the required information.
5. If the account you choose requires a minimum initial deposit, make sure you have the funds available to deposit into the account.

Once you have completed and submitted the online application, U.S. Bank will review your information and notify you if your application has been approved. If so, you will be able to access your account online and use the online and mobile banking tools to manage your finances.

Types of accounts offered at U.S. Bank

This bank offers a wide variety of accounts, which can be contracted by any legal resident in the United States who has a valid ID number. Among them:

• Checking accounts
• Savings and money market accounts
• Checking accounts

The bank also offers credit cards and cash management solutions for businesses.

Difference between a checking account and a savings account

A checking account is a bank account used for everyday expenses and to pay bills. With it, you can access your money easily with a debit card, at an ATM or through a check.

These accounts may also offer features such as overdraft protection and the ability to make online payments.

A savings account, on the other hand, is intended to help you grow your money or set aside funds for large purchases. They usually offer a higher interest rate than checking accounts, which means you can earn more money in interest.

However, these types of accounts often have restrictions on the number of withdrawals you can make in a month.

At U.S. Bank, you can find different types of checking and savings accounts, each with specific features and benefits.

Checking accounts at U.S. Bank

• Safe Debit: is a non-checking checking account that has no overdraft fees and is not eligible for the U.S. Bank Smart Rewards program.
• Bank Smartly Checking: offers an automated budgeting feature and the ability to waive the monthly maintenance fee in certain cases.
• Student Checking: is a student checking account that has no monthly fee and is highly rated for online and mobile banking convenience.

U.S. Bank Savings Accounts

• Standard Savings: has a competitive interest rate and no monthly fees if you maintain a minimum daily balance.
• Elite Money Market Savings: offers an even higher interest rate and the ability to obtain checks from the account.

Recommendations for choosing a bank account

Before opening a bank account, it is important to research and compare the different options available based on your needs and financial situation. To choose one, we recommend you:

• Inform yourself about the types of accounts that exist. Know the characteristics of each one to choose the one that best suits your needs.
• Pay attention to the fees, since some may charge for maintenance, transfers, withdrawals, among others. Compare the commissions of different accounts to choose the one with the lowest fees.
• Check the requirements for opening an account to make sure you can meet them.
• Check if there are ATMs and branches near you. This is key if you need to access ATMs or branches frequently.
• Consider opening offers. Sometimes bonuses or higher interest rates are offered for a particular account. Choose the one that offers you the best benefits.

Remember that opening a bank account is an important decision that can affect your finances in the long run. Take the time to research and compare different options before making a decision. 

Español: Cómo abrir una cuenta en el U.S. Bank y sus requisitos