U.S. Bank Smartly Checking account

Do you want to delve deeper into the U.S. Smartly Checking Account? At Responsible Economy, we have conducted a comprehensive analysis of all the features, requirements, fees, and everything you need to know about the U.S. Bank Smartly Checking Account. You will also find a comparison of the best checking accounts. Let’s get started!

Features

In this section, we provide you with a detailed overview of all the features of the Smartly Checking Account.

Fees

The U.S. Bank Smartly Checking Account has a monthly fee of $6.95 unless you meet one of the following requirements:

  • Combined monthly direct deposittotaling $1,000+.
  • Average account balance of $1,500
    or greater.
  • Presence of an eligible U.S. Bank credit card.

Interest rate

We have created a table with the interest rates offered by this account. As you can see, the interest rates provided by the Smartly Checking Account are very low.

Daily balanceAPYInterest rate
Under $1,5000.001%0.001%
$1,500-$9,999.990.001%0.001%
$10,000-$24,999.990.001%0.001%
$25,000-$49,999.990.005%0.005%
$50,000-$99,999.990.005%0.005%
$100,000-$249,999.990.005%0.005%
$250,000-$499,999.990.005%0.005%
$500,000 and above0.005%0.005%
U.S. Bank Smartly Checking Account interest rate

Minimum deposit

The minimum initial deposit to open the account is $25.

ATM Transactions

You can withdraw money without fees at all U.S. Bank and MoneyPass ATMs. At other ATMs, there is a $2.5 fee for each withdrawal.

Overdraft

This account has Overdraft service. If your account goes negative by more than $5, you will be charged a $36 fee per item. It’s crucial to closely monitor your banking transactions and balance to avoid overdraft fees.

Wire Transfers

Incoming domestic bank transfers have a fee of $20, and outgoing transfers have a fee of $30. Incoming international transfers have a fee of $25, and outgoing transfers have a fee of $50.

Zelle

Bank Smartly Checking offers Zelle service for sending and receiving money without fees.

Summary table

Here’s a summary table with all the features we’ve just shown:

FeatureDetails
Monthly Fee$6.95 (waived with certain requirements)
Interest rateUp to 0.05% APY
Zelle ServiceYes
Minimum Deposit$25
ATM TransactionsFree at U.S. Bank and MoneyPass ATMs
$2.5 fee at other ATMs
Overdraft$36 fee per item for account overdraft
Wire Transfers (Domestic)Incoming: $20
Outgoing: $30
Wire Transfers (International)Incoming: $25
Outgoing: $50
Smartly Checking Account features

Best checking accounts 2023

We have conducted a comparison of the Smartly Checking Account with the best checking accounts you can open in the United States:

Logo Chase
  • It is very easy to avoid monthly commissions
  • Welcome bonus of 200 dollars fulfilling conditions
  • More than 16,000 ATMs in the United States
  • $25 minimum deposit
  • Very low interest rates
Bank of America logo
  • It is very easy to avoid monthly commissions
  • More than 16,000 ATMs in the United States
  • $100 minimum deposit
  • No welcome bonus
  • High interest rates if you have a lot of savings
Wells Fargo logo
  • It is very easy to avoid monthly commissions
  • Nearly 12,000 ATMs
  • $25 minimum deposit
  • Welcome bonus of 300 dollars fulfilling conditions
  • High interest rates on CDs
Logo Sofi
  • No fees and no requirements
  • Nearly 60,000 ATMs
  • Welcome bonus of 250 dollars fulfilling conditions
  • High interest rates on CDs
Charles-Schwab-Logo
  • No fees no direct deposits
  • Fee-free withdrawals from ATMs around the world
  • Without minimum deposit
  • No welcome bonus
  • High interest rates on CDs
Chime checking account Logo
  • No fees no direct deposits
  • More than 60,000 commission-free ATMs
  • Without minimum deposit
  • No welcome bonus
  • High interest rates on Savings
Ally logo
  • No fees no direct deposits
  • More than 50,000 commission-free ATMs
  • Without minimum deposit
  • No welcome bonus
  • High interest rates on CDs and Savings
Citibank-logo
  • Commissions of $10 if you do not meet requirements
  • No fees at Citibank ATMs
  • Without minimum deposit
  • No welcome bonus
  • High interest rates on CDs

Requirements

To open this checking account, you need to meet the following requirements:

  • Reside in the United States.
  • Be at least 18 years old.
  • Have a valid U.S. phone number.

Documents

These are the documents that U.S. Bank can request from you:

  • Proof of address, such as a utility bill.
  • Social Security Number.
  • Driver’s license.

Pros and cons

We have created a table with all the advantages and disadvantages of the Smartly Checking Account:

ProsCons
Avoiding fees is easyVery low interest rates
High number of branchesHigh fees on transfers
No welcome bonus
Smartly Checking Account pros and cons

Interesting information about U.S. Bank

We have created a table with relevant information about U.S. Bank:

InformationDescription
Websitehttps://www.usbank.com/
Facebookhttps://www.facebook.com/usbank/
Twitterhttps://twitter.com/usbank
Instagramhttps://www.instagram.com/usbank/
Interesting information about U.S. Bank

Other U.S. Bank products

We’ve also provided a list of all the U.S. Bank products we have analyzed:

To conclude, here is related content about checking accounts:

Updated the day 1 September, 2023 by Alfredo Barandiarán

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