topic Re: US Bank's new checking account options pushed back in Personal Finance

US Bank's new checking account options pushed back

crrredit — Sat, 27 Aug 2022 22:44:50 GMT

US Bank was going to introduce new checking account options this past Friday, and do away with existing options. But they have pushed them back to September 21. Their existing options, as well as a $400 sub are still available.

Re: US Bank's new checking account options pushed back

Anonymous — Sun, 28 Aug 2022 09:47:53 GMT

Wondered if I read it wrong ... now I know!

Does anyone know what they are doing? Their website barely works and now we are offering "Smart Banking" ... huh!

Re: US Bank's new checking account options pushed back

M_Smart007 — Mon, 29 Aug 2022 15:00:16 GMT

@Anonymous wrote:
Wondered if I read it wrong ... now I know!

Does anyone know what they are doing? Their website barely works and now we are offering "Smart Banking" ... huh!

"Does anyone know what they are doing?" >> @Anonymous , They may not know what they are doing?
Wonder if they are re-designing their phone App for the Millionth time?
or they could be to "busy?" with other things of more importance.

"Smart Banking" >> Are you making fun of Me?

Re: US Bank's new checking account options pushed back

crrredit — Sat, 17 Sep 2022 20:41:16 GMT

The new USBank smartly checking option was briefly listed in their Consumer Pricing PDF but now it's gone again. It had the Easy Checking monthly fee (6.95) and pays interest, although the interest is of the .01% big bank variety. You can get the fee waived with direct deposits, a minimum daily balance or by having a US Bank credit card. It's like Easy Checking and Gold Checking had a baby. The old Consumer Pricing PDF is back up again with the old account options.

Re: US Bank's new checking account options pushed back

Traveler101 — Sun, 18 Sep 2022 22:36:27 GMT

@Anonymous wrote:
Wondered if I read it wrong ... now I know!

Does anyone know what they are doing? Their website barely works and now we are offering "Smart Banking" ... huh!

Sometimes I wonder if they themselves know what they are doing. What ever it is, count on it being slow. Should you need to call them, bring ya a sandwich.

Re: US Bank's new checking account options pushed back

northway — Tue, 20 Sep 2022 14:49:00 GMT

Disclosures are available again.

Consumer Pricing Information (usbank.com)

Bank Smartly is basically the same exact thing as Truist One. A single account with various tiers depending on balance and different perks based on that. I wouldn't say it's necessarily any better or worse than what exists currently.

Re: US Bank's new checking account options pushed back

Anonymous — Mon, 03 Oct 2022 08:57:26 GMT

Thanks @northway!

Will add ... US Bank has nothing I could find for this new way of life on their website!

In fact, I am wondering where the real benefits will come for people with smaller incomes and banking needs?

Re: US Bank's new checking account options pushed back

northway — Fri, 23 Sep 2022 22:45:17 GMT

Checking the disclosure again, it was updated recently to show October 5, 2022 as the new launch date. They seem to keep pushing it back every month. Maybe backend problems getting everything ready or switched over.

Re: US Bank's new checking account options pushed back

Anonymous — Sat, 24 Sep 2022 00:39:34 GMT

@northway wrote:
Checking the disclosure again, it was updated recently to show October 5, 2022 as the new launch date. They seem to keep pushing it back every month. Maybe backend problems getting everything ready or switched over.

Again, thanks ... they seem to be trying an out of sight out of mind approach ...? One has to wonder why you would start marketing for a product only to have to pull back twice now!

Missed your Truist reference but I see it now. As I look at many of the large financials, Tiers or Tears none of the interest is ever much so leaving money sitting would likely be for other reasons not for true earnings.

Another recent thread on MyFico dealt with current interest rates offering and several were over 2% so I doubt US Bank will pay enough to bother with.

Will add going back a couple of years, they would slip 17 month and 39 month CD Specials in their online for a few days and they were good rates but not any lately (did take advantage of some).

After reading the information you did post, I wonder where I will see any benefit?

Re: US Bank's new checking account options pushed back

Jeffster1 — Sat, 01 Oct 2022 18:30:26 GMT

I hope I get to keep my Gold checking with the fee waiver due to having a USBank CC.

Re: US Bank's new checking account options pushed back

LADave — Mon, 03 Oct 2022 06:33:51 GMT

@crrredit wrote:
US Bank was going to introduce new checking account options this past Friday, and do away with existing options. But they have pushed them back to September 21. Their existing options, as well as a $400 sub are still available.

Surprised to hear that the $400 SUB is still available. I rushed to get signed up for it before I thought it would expire in September.

The biggest surprise for me was that I can't do ACH transfers from my Easy Checking account, only Zelle. (This was confirmed to me by a rep, even though the iPhone app would seem to be set up to do that.) I don't currently have any US Bank credit cards that would qualify for a fee-free checking account, and I'm not in a hurry to get any new credit cards at the moment, let alone US Bank ones. The experience has been disappointing so far, and I'm planning on closing the account soon after I get the SUB.

Re: US Bank's new checking account options pushed back

crystal626 — Mon, 03 Oct 2022 20:49:14 GMT

@Jeffster1 wrote:
I hope I get to keep my Gold checking with the fee waiver due to having a USBank CC.

I can't see them changing this. They would alienate a bunch of their existing customers for no reason.

Re: US Bank's new checking account options pushed back

Jeffster1 — Tue, 04 Oct 2022 04:55:32 GMT

@crystal626 wrote:
@Jeffster1 wrote:
I hope I get to keep my Gold checking with the fee waiver due to having a USBank CC.
I can't see them changing this. They would alienate a bunch of their existing customers for no reason.

Good point @crystal626 . Especially since they are such a "relationship Bank." Thanks! In fact, I'm about to close out my decades-old WF accounts (which date back to when I was a mere kid opening an account at First Interstate) and transfer the funds into USBank. My primary bank will remain BoA, though, but USBank has been far better to me than WF.

Re: US Bank's new checking account options pushed back

Anonymous — Wed, 05 Oct 2022 22:08:18 GMT

@crrredit wrote:
US Bank was going to introduce new checking account options this past Friday, and do away with existing options. But they have pushed them back to September 21. Their existing options, as well as a $400 sub are still available.

EXCITING ...!

US Bank launced their new Smartly Checking today.

Hey, need some test dummies? @M_Smart007 what are you doing later or @UncleB? We need a "few good people" ...

Re: US Bank's new checking account options pushed back

UncleB — Thu, 06 Oct 2022 02:35:03 GMT

@Anonymous wrote:
@crrredit wrote:
US Bank was going to introduce new checking account options this past Friday, and do away with existing options. But they have pushed them back to September 21. Their existing options, as well as a $400 sub are still available.
EXCITING ...!

US Bank launced their new Smartly Checking today.

Hey, need some test dummies? @M_Smart007 what are you doing later or @UncleB? We need a "few good people" ...

I'm definitely the 'dummy' part, but I'll leave testing out a new checking account to more qualified people.

As quick as I (usually) am to try out a new card, when it comes to bank accounts I tend to be much more conservative. The Schwab checking account I opened last summer was the first new deposit account I've opened since I joined NFCU back in 2015 and got their required savings account (and I've not opened one since).

Re: US Bank's new checking account options pushed back

Anonymous — Thu, 06 Oct 2022 06:59:16 GMT

@UncleB

Join you as I do not open new deposit accounts either?! After going through everything I could find it seems to me they have a product that may benefit someone leaving large sums of money and I know US Bank pays virtually nothing in interest (like other major banks). So, why would I jump on the new account. My present relationships equal or beats what they are doing! Smoke and mirrors?

Re: US Bank's new checking account options pushed back

AndySoCal — Sat, 08 Oct 2022 02:07:10 GMT

@Anonymous@UncleB I was a US Bank customer for about 10 years not a complaint about customer service or fraud protection. They used to have checking and savings package account with SIlver, Gold and Platinum names I think. The benefits increased as you went up from the base to package. Looks like they have combined many of the ways to avoid fees into one checking account and posssibly reduced or eliminated some of the fees. I left US Bank due to their interest rates on savings accounts was mircoscopic. Most big banks today still very low savings rates. Their bill pay meet my needs so I have no complaint.

Re: US Bank's new checking account options pushed back

crrredit — Mon, 17 Oct 2022 01:18:27 GMT

SUBs are available now on the new US Bank smartly checking account. $300 and $500 depending on how much you direct deposit in 60 days.