Avoiding a monthly maintenance fee on your checking account depends on two things. The kind of account you have and if certain qualifications are met. You can find out what kind of account you have by checking your statement or log into digital banking. 

More information

• A Bank Smartly® Checking account will receive Smart Rewards Bronze Tier benefits at a minimum.
• Having a personal U.S. Bank credit card no longer waives the monthly maintenance fee. Instead, you must have a Bank Smartly™️ Visa Signature® Card or personal State Farm credit card for Alliance clients.

To learn more, visit these pages:

• Checking Accounts
• Consumer Pricing Information brochure
• Safe Debit Accounts
• Savings Account
• Direct deposits

¹The average account balance is calculated by adding the balance at the end of each calendar day in the statement period and dividing that by the total number of calendar days within the statement period.

²Customer group status automatically applies (except Military) and is based on birth date. Groups include:

• Youths: 13 to 17 years of age.
• Young adults: 18 to 24 years of age.
• Seniors: 65 years and older.
• Military: Requires notification to U.S. Bank to enact this status. Includes members currently serving and members who have served in the past.
• Alliance, Wealth Management, WorkplaceFinancial Wellness Program and Global Transition Solutions.

See the “Customer Group Benefits” section of the Consumer Pricing Index brochure for details.

³Combined qualifying balances include consumer and trust accounts where the account is open, and you are an account owner. Qualifying accounts include:

• Checking accounts
• Elite Money Market savings accounts
• Savings accounts
• CDs and IRAs
• Personal Trust accounts ^a
• U.S. Bancorp Investments ^b
• U.S. Bancorp Advisors brokerage ^c accounts

Balances on business accounts and commercial accounts do not qualify. The Trustee only (IFI)^d, Grantor only (GRT)^e, or Trustee & Grantor – Irrevocable Trust (TRG)^f client relationships also do not qualify.

• ^a Personal Trust account balances are the current account balance as of close of the prior day for eligible trust account types that are held for your benefit: IRAs, Agency accounts, Revocable Trust accounts (in the capacity of Trustee and Grantor – TGR) and Custody accounts.
• ^b For U.S. Bank: U.S. Bank is not responsible for and does not guarantee the products, services, or performance of U.S. Bancorp Investments and U.S. Bancorp Advisors. For U.S. Bancorp Investments: Investment and insurance products and services including annuities are available through U.S. Bancorp Investments, the marketing name for U.S. Bancorp Investments, Inc., member FINRA and SIPC, an investment adviser and a brokerage subsidiary of U.S. Bancorp and affiliate of U.S. Bank. Insurance products are available through various affiliated non-bank insurance agencies, which are U.S. Bancorp subsidiaries. Products may not be available in all states. CA Insurance License #0E24641. U.S. Bank Smart Rewards qualifying balance information includes affiliated U.S. Bancorp Investments (USBI) components, which is being translated for your convenience. USBI offers its products primarily in English and may not be able to offer certain products in a particular foreign language.
• ^c. For U.S. Bancorp Advisors: Brokerage and investment advisory products and services are offered by U.S. Bancorp Advisors, LLC, an SEC-registered broker-dealer, investment adviser, member FINRA/SIPC, and subsidiary of U.S. Bancorp and affiliate of U.S. Bank, National Association. Insurance products are offered by USBA Insurance Services, a dba of U.S. Bancorp Advisors, having a California domicile and principal place of business at 800 N. Brand Blvd., 16th Floor, Glendale, CA 91203. CA Insurance License #6011694. Products may not be available in all states. U.S. Bank Smart Rewards qualifying balance information includes affiliated U.S. Bancorp Advisors (USBA) components, which is being translated for your convenience. USBA offers its products only in English and may not be able to offer certain products in a particular foreign language.
• ^d Trustee (IFI) – The person(s) or entity managing trust assets of the deposit account and distributing property according to the terms defined within the trust document. The individual is serving in the capacity of a trustee(s) but is not grantor(s).
• ^e Grantor (GRT) – The individual(s) who creates the trust. Grantors may also be referred to as the settlor or trustor. The grantor may also serve as the trustee of the trust.
• ^f Trustee & Grantor – Irrevocable trust (TRG) – Individual grantor(s) of an irrevocable trust that is also serving as trustee(s).

⁴The account will be assessed the monthly maintenance fee when the minor reaches 18 years of age. Unless one of the holders has a Bank Smartly® Checking or Safe Debit account.