How much does it cost to open business bank account

Accounts for most businesses

Transactions include teller deposits, ATM deposits, and check and debit card purchases.

Silver Business Checking Account Package

Best for new or small businesses with basic banking account needs

$0 monthly maintenance fee
125 free transactions per month2
$0.50 fee for each additional transaction

Gold Business Checking Account Package

Best for growing businesses with more banking activity

$20 monthly maintenance fee, waivable3
300 free transactions per month2
$0.45 fee for each additional transaction

Platinum Business Checking Account Package

Best for mature businesses with higher balances

$30 monthly maintenance fee, waivable3
500 free transactions per month2
$0.40 fee for each additional transaction

Specialty accounts

Nonprofit Checking Account

Ideal checking account features for nonprofit businesses

$0 monthly maintenance fee
1800 free transactions annually4
$0.50 fee for each additional transaction

Premium Business Checking Account

Premium services for complex banking needs

Analyzed account5
Earn credit on qualifying balances
24/7 telephone support

How to waive the monthly maintenance fees

You can waive the monthly maintenance fee with one of the following:

• U.S. Bank Payment Solutions Merchant Account
• $10,000 average collected checking balance or $25,000 average collected checking balance on interest-bearing option
• $20,000 in combined average collected deposit balances6 or $50,000 in combined average collected balance on interest-bearing option6
• $50,000 combined average collected business deposits and outstanding business credit balances7

You can waive the monthly maintenance fee with one of the following:

• $25,000 average collected checking balance
• $75,000 combined average collected business deposits6 and outstanding business credit balances7

Analyzed account;5 maintenance and transaction fees can be offset by an earnings credit based on account balance.

Simply answer a few questions to see which business checking account may meet your needs.

Get an in-depth look at the finer details of all our business checking accounts, side by side.

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Use our EZ Switch Kit for a seamless transition to your new U.S. Bank business checking account.

All our business checking accounts include:

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Top frequently asked questions

To open a business checking account, you’ll need:

• Your business’s Employer Identification Number (EIN) or tax ID number, or your Social Security number if you’re a sole proprietorship.
• Articles of Incorporation, Articles of Organization or a charter or similar legal document that indicates when your company was formed. (Not required for sole proprietors.)
• Government-issued photo ID and Social Security number for you and anyone else authorized to sign checks or make transactions on behalf of your company.
• Name, email address and phone number for any additional owners with 25% or more ownership in the company. 

1. Turn over the check to the endorsement section on the back and write the name of the business, your name and title.
2. Then add any restrictions, like “for deposit only,” followed by your business account number.

Ready to get started?

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Disclosures

1. Promo code Q3BUS22 MUST be used when opening the business checking account. Limit of one Business Checking bonus per business. A $100 minimum deposit is required to open a U.S. Bank Silver, Gold, Gold with Interest or Platinum Business Checking account. Earn your $400 Business Checking bonus by opening a new U.S. Bank Silver Business Checking, Gold Business Checking, Gold Business Checking with Interest or Platinum Business Checking account between 9/2/2022 and 10/28/2022. You must make new deposit(s) of at least $1,500 in new money deposits (Direct/branch, Mobile Check Deposit, ACH or Wires) within 30 days of account opening. The new money deposit cannot be funds held by U.S. Bank or its affiliates. An individual signer on the new checking account must be enrolled in U.S. Bank online banking or the U.S. Bank Mobile App within 60 days of account opening. Additionally, you must complete 10 qualifying transactions (Debit card purchases, Merchant deposits, ACH credits, Wires credits/debits, Mobile Check Deposit or Bill Pay) within 60 days of account opening. The Business Checking bonus will be deposited into your new U.S. Bank business checking account within 45 days of deposit verification, as long as the account is open and has a positive balance. Offer may not be combined with any other business checking account bonus offers. Offer is not valid if you or any signer on the new business checking account have an existing U.S. Bank business checking account or had a U.S. Bank business checking account in the last 24 months. All regular account-opening procedures apply. For a comprehensive list of checking account pricing, terms and policies, reference your Business Pricing Information document. This document can be obtained by contacting a U.S. Bank branch or calling 800-872-2657.

   To earn $100 Payment Solutions bonus offer, you must accept and settle a U.S. Bank Payment Solutions Merchant transaction into your new U.S. Bank Business Checking account within 60 days of the opening date of your checking account. To qualify for the Payment Solutions account bonus, you must have met the checking account bonus requirements. The Payment Solutions bonus will be deposited into your new U.S. Bank business checking account within 45 days of settlement verification, as long as the checking account is open and has a positive balance. Refer to your company application for all terms, conditions and schedule of fees.​

   Bonuses will be reported as interest earned on IRS Form 1099-INT and recipient is responsible for any applicable taxes. Current U.S. Bank employees are not eligible. U.S. Bank reserves the right to withdraw this offer at any time without notice.
   

2. A transaction includes deposits and other credits, checks paid and other debits, ACH and deposited items, and signature and PIN-based purchases made with a U.S. Bank Business Debit Card. The U.S. Bank Business Debit Card is issued by U.S. Bank National Association, pursuant to a license from Visa U.S.A. Inc. 

3. Monthly Maintenance Fee Waiver Options: Gold Business Checking: U.S. Bank Payment Solutions Merchant Banking OR $10,000 average collected balance OR $20,000 combined average collected business deposit balances OR $50,000 combined average collected business deposits and outstanding credit balances. Platinum Business Checking: $25,000 average collected balance OR $75,000 combined average collected business deposits and outstanding business credit balances.

4. Transactions are $0.50 each once free transactions are surpassed. A Transaction includes deposits and other credits, checks paid and other debits. ACH and deposited items, and signature and PIN-based purchases made with a U.S. Bank Business Debit Card. The U.S. Bank Business Debit Card is issued by U.S. Bank National Association, pursuant to a license from Visa U.S.A. Inc.

5. Analyzed accounts are eligible for earned credits to offset transaction, maintenance and other fees associated with account activity. Visit a U.S. Bank branch for more details.

6. Business deposit balances only. Balances will be verified 2 days prior to the last day of your statement cycle.

7. Business credit outstanding balances only. Balances will be verified 2 days prior to the last day of your statement cycle.

8. Non-U.S. Bank ATM owners may apply a surcharge fee unless they participate in the MoneyPass® Network. To find MoneyPass® ATM locations, select Show MoneyPass® ATM Network locations in the ATM locator.

9. Eligibility requirements and restrictions apply. Please refer to the Digital Services Agreement for more information.

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Deposit products are offered by U.S. Bank National Association. Member FDIC.

Credit products offered by U.S. Bank National Association and subject to normal credit approval.

See the U.S. Bank Your Deposit Account Agreement booklet for additional disclosures applicable to deposit accounts. Other conditions and restrictions may apply. Terms may change without notice. For the most current information about packages and benefits available, contact your banker.

U.S. Bank, 800 Nicollet Mall, Minneapolis, MN 55402

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