More US Bank Smartly Rewards Changes - this set effective 2/16/2026

[G2244]

Not sure how many people this impacts here but thought I would share. These are noted burried in the Smartly Checking statement. Specifics seem to be covered in link below. Main one is the removal of the 100 free trades in invesment account (bolded below).
https://www.usbank.com/dam/en/documents/pdfs/disclosures/consumer-pricing-information.pdf 

Effective February 16, 2026, important changes will be reflected in the Consumer Pricing Information document. These
updates may affect your rights. You can view this document anytime on our website at usbank.com/cpi.

• Our affiliate, U.S. Bancorp Investments1 (USBI) is transferring its retail business and personnel into our other
affiliate, U.S. Bancorp Advisors2 (USBA).

• The U.S. Bank Smart Rewards® benefit of 100 Free Trades per calendar year with a self-directed brokerage
account, exclusively through our affiliate, U.S. Bancorp Investments1, will no longer be offered.

• Adding clarification to the U.S. Bank Smart Rewards IRA Annual Fee Waiver benefit. The annual fee waiver
applies only to U.S. Bank IRAs and does not include Personal Trust IRAs.

• Upcoming changes to our fees under the Foreign Checks/Currency Fees.
o For Foreign Check Collection (incoming/outgoing), the following fees are increasing:
Courier Fee (per check) - $55.00 (increased from $45.00)
Initiation Fee (per check) - $55.00 (increased from $40.00)
Tracer Fee - $50.00 (increased from $25.00)
Returned Check Fee - $35.00 (increased from $25.00)
Checks on Canadian Banks (non-collection) - $6.00 (increased from $0.50)
Checks on Select Countries/Banks (non-collection) - $12.00 (increased from $1.00)

[Mervin]

So it’s mostly the investment-related perks being affected? Thanks for sharing.

[G2244]

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@Mervin wrote:

So it’s mostly the investment-related perks being affected? Thanks for sharing.

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Appears to be, yes. Also picked up by Dr. of Credit here.

[Jessie]

Phew. That's not why I'm thinking of getting the card anyway. 

[AndySoCal]

With the qualifying balance requirements being in Smartley checking account making no interest  and what you need to do to avoid the fee on the checking account. This card is 2% card it best for most people. To 10,000 to 100000 in a checking account to get up to 2% percent more in cash back rewards is not a smart thing to do in my opinion.

[AskPatient1281]

US Bank is on a great journey to the bottom of the barrel. 

What a s***show.

[creditrizz]

I just keep 100 racks in SGOV with US Bank, no need to trade, transfer the dividends to my fidelity account at no cost and re-invest in QQQM.  Their program is still worth it if you're 1.0    4% on everything, solid Smartly deals here and there like 15% grocery 15% dining etc.  They definitely beat the promos at my other banks like amex and chase.  Nobody's using the savings account to meet the 100k unless they were dropped on their head while inheriting their wealth

[ptatohed]

I have a dumb question.....  what is the definition of a 'trade'?  I thought (perhaps wrong) that a trade was buying/selling stocks.  I don't do that but what I do do is, when my cash builds up, I reinvest it into more ETFs.  Does that count as a trade?