US Bank (U.S. Bancorp) Online Banking Reviews and Ranking

Choosing a bank or moving to a different bank can be one of the most important financial decisions you make.

Over the last couple of months, we’ve published reviews, pros and cons on the top online banks, including:


Below is a detailed review of US Bank (U.S. Bancorp) and its online banking platform.

US Bank Review, Analysis, Pros and Cons

  1. Origin and Growth
  2. Bank Services and Products
  3. Pros – US Bank Review
  4. Issues / Consumer complaints

Origin and Growth

When it was founded in 1863, US Bank was a relatively small and unknown bank. Since its creation, the bank has experienced steady and consistent growth. Today, it has over 3,000 branches in 28 states.

US Bank is the fifth largest bank in the United States based on $360.7 billion in assets. It’s owed by U.S. Bancorp, an American diversified financial services holding company headquartered in Minneapolis, Minnesota.

                                                US Bank Review - US Bank Tower
US Bank Tower (Library Tower)

Bank Services and Products

  • USBank Checking Accounts
  • USBank Savings Accounts
  • CD's
  • Health Savings Accounts
  • IRA's
  • Credit Cards
  • Debit Cards
  • Auto Loans
  • Personal Loans
  • Home Equity Lines of Credit
  • Home Equity Loans

With so many different options, US Bank makes it simple for you to access all of your accounts in one place. An option made even easier by their online platform.

See Also: 8 Best Credit Unions Open to Anyone | Credit Union vs. Bank. 2014 Top Review

Pros – US Bank Review

One of the biggest benefits to US Bank is that it offers so many different financial options. Chances are, if you're looking for just about anything financial, US Bank offers it.

Their easy to use online banking interface makes it easy to quickly access and manage your banking activities.

For checking accounts, you pay anywhere between $0 for student checking and $12.95 for standard checking (with an APY ranging from 0% to 1%).

For their savings accounts services, it's best to go with the bank’s free savings account option called Package Money Market Savings.

All of the bank’s savings accounts options come with the same 0.5% APY, so there isn't much reason you would want to pay the fee for a paid account.

For those with great credit scores, US Bank offers auto loans (rates below 3%) and does not require down payments.

Personal loans start at a little over 9% while H.E.L.O.C.s are 3%, and home equity loans are 5% to 7.29%.

Consumer Complaints

Any large corporation is going to have its fair share of complaints. Unfortunately, that's just something that happens in big business.

Here are the most common complaints about US Bank services…

  • Website not working properly.
  • False promises made by customer service.
  • Fees higher than expected.

In addition, US Bank yields are lower than those offered by other banks with high yield checking and savings accounts.

Check out this review on the top 12 banks providing high yield checking and savings accounts.