WELCOME
MAY
Union Bank mortgage accounts transition to U.S. Bank.
MAY
Union Bank deposit accounts automatically move to
U.S. Bank.
MAY
Enroll in U.S. Bank mobile and online banking.
MAY/JUNE
New U.S. Bank Credit Cards issued.
JUNE
Credit Card accounts move to U.S. Bank.
JUNE/JULY
New U.S. Bank Debit and/or ATM Cards issued.
LATER IN
Trust and investment accounts transition to U.S. Bank.
What you can do before May 27
•
Make sure your contact information
is up to date with Union Bank.
•
Keep banking as usual and continue
to work directly with your existing
team at Union Bank.
•
Be on the lookout for more important
transition updates from U.S. Bank in
your mailbox, email and online.
After May 30
•
Enroll in U.S. Bank mobile and
online banking through the
U.S. Bank Mobile App or at
usbank.com/unionbank-enroll.
•
Validate your bill pay information and
any scheduled automatic payments,
transfers and bill pay.
•
Explore U.S. Bank Online Banking
and set up additional payments
and transfers.
Key dates
Welcome | 1
We’re here for you.
We are very pleased to welcome you as a new U.S. Bank customer.
At our core, we are dedicated to providing you with best-in-class banking services and to helping you achieve your
nancial goals. You can count on us for our expertise in a wide variety of banking products and services – all
designed to make banking with us easy, convenient and rewarding. What’s more, you will have access to U.S. Bank
branches, ATMs, and mobile and online banking tools so you can bank how you want.
As your Union Bank accounts transition to U.S. Bank, we will partner with you every step of the way to provide
banking products and services that make banking safe, simple and convenient. Our relationships are built on trust,
built every day through every interaction.
For the latest information on your new accounts with U.S. Bank, please visit our dedicated website at
usbank.com/unionbank.
Some materials and services may only be available in English.
•
To view this document in Spanish, visit usbank.com/union-bank-es.
•
To view in Japanese, visit usbank.com/union-bank-ja.
2
Algunos materiales y servicios pueden estar disponibles solamente en inglés.
•
Para ver este documento en español, visite usbank.com/union-bank-es.
一部サービスや資料は英語のみでの対応となるのでご了承ください。
•
この文書の日本語版はusbank.com/union-bank-ja をご 覧ください。
2
Table of Contents
Getting started
Frequently asked questions about my
account changes ........................... 2
Mobile and online banking at U.S.Bank ........ 4
Setting up bill pay and
account-to-account transfers ................. 7
Your new account(s) information
Transitioning your Union Bank
personal account(s) ........................... 10
Checking account ......................... 10
Savings and money market accounts ......... 11
Union Bank Time Deposit Account(s) (CDs)
and IRA account(s) ......................... 14
Overdraft coverage and overdraft fees ......... 16
Overdraft protection information .............. 17
ATM and Debit Card Overdraft
Coverage Notication ........................ 18
Consumer Pricing Information ................. 20
Privacy Pledge ............................... 34
Appendix ................................... 38
Notes ....................................... 40
1. Algunos materiales y servicios pueden estar disponibles solamente en inglés.
2. 一 部サービスや資料は英語のみでの対応となるのでご了承ください。
Contact us
If you have questions, call the U.S. Bank
helpline at 833-398-1533 any time before
May 30, 2023. Representatives are available
Monday through Friday, 8 a.m. to 8 p.m. PT,
except holidays. They are trained and prepared to
eciently help you through the transition from
Union Bank to U.S. Bank.
Beginning May 30, 2023, call us at
800-USBANKS (872-2657). Assistance is
available 24/7. We accept relay calls.
Getting started | 2
Frequently asked questions about my account changes
Below are some of the most frequently asked questions concerning the transition of your accounts to U.S. Bank.
More detail on these changes and other information is contained in this guide.
Please note: You may receive separate, additional notices from U.S. Bank that provide more detailed information on
upcoming account changes. Please take a moment to review this information and, if necessary, act upon these
changes per the instructions provided.
CHECKING, SAVINGS, MONEY MARKET, CDS AND IRAS
Are my deposit account numbers changing?
Yes. It is necessary for U.S. Bank to renumber all deposit accounts when they transition to U.S. Bank. A letter
containing your new checking, savings, money market, certicates of deposit (CDs) or Individual Retirement Account
(IRA) account numbers will be mailed to you in May. You will be able to view your new account numbers in mobile and
online banking beginning in May.
What will happen to my overdraft protection?
If you currently have overdraft protection on your checking account, this protection will continue in most situations
for accounts linked to another deposit account, a Cash Reserve account or your new U.S. Bank Credit Card, as long as
it is activated. Refer to the Overdraft Protection Information section for more information.
Will my Union Bank checks continue to work?
You may continue to use your existing Union Bank checks and deposit slips until your supply runs out, for your deposit
accounts following the transition of your accounts to U.S. Bank. You will be sent a letter in May with your new account
number and instructions on how to order new U.S. Bank checks when you are ready.
If you have a home equity line of credit or personal line of credit, you will receive new checks within 10 days of those
accounts transitioning to U.S. Bank. You should begin using your new checks for these accounts upon receipt.
Important note: If you currently use special signature instructions on your checks, these will no longer be available
after May 30. However, there may be U.S. Bank services that meet your needs for fraud protection, such as Check
Filter, Positive Pay, Reverse Positive Pay, Information Reporting, ACH Block and more. Please call us for details.
Will the Annual Percentage Yield (APY) and interest rate change on my checking, savings or money
market account?
Annual Percentage Yields (APYs) and interest rates have yet to be determined for the date of conversion. Interest rates
on all deposit accounts are determined at the bank’s discretion and may change daily. For tiered rate accounts you
must maintain the minimum daily balance noted for each tier in order to earn the APY disclosed. Fees could reduce
earnings on the account.
For information on current Annual Percentage Yields, call 24-Hour Banking at 800-USBANKS (872-2657), view them
through the U.S. Bank Mobile App and online banking, or visit usbank.com.
Will I be able to access the funds in my checking, savings and money market accounts as they convert over to
U.S. Bank?
Yes. You will have access to your entire Available Balance (as dened in the enclosed Your Deposit Account Agreement)
during the transition to U.S. Bank.
Important changes will take eect on your deposit accounts on May 30. Please read the entire enclosed
U.S. Bank Your Deposit Account Agreement document and the Consumer Pricing Information section of this guide
for a complete list of account terms, policies and pricing.
1. If a Non-U.S. Bank ATM Transaction fee applies, U.S. Bank will assess a fee for each ATM Transaction conducted at the Non-U.S. Bank ATM. Additionally,
Non-U.S. Bank ATM owners may apply a surcharge fee unless they participate in the MoneyPass
®
Network. If you use an ATM that uses the MoneyPass
®
Network and are charged a fee, please contact us at 800-USBANKS (872-2657) for a refund. To find MoneyPass
®
ATM locations, select “Show MoneyPass
®
ATM Network locations” in the ATM locator usbank.com/locations. Non-U.S. Bank ATMs are defined as any ATM that does not display the U.S. Bank logo in any
manner, physically on the ATM or digitally on the screen. Please refer to the Consumer Pricing Information section for miscellaneous checking, savings or
money market fees and a summary of ATM transaction fees.
Getting started | 3
DEBIT AND ATM CARDS
What will happen to my Union Bank Debit and/or ATM Card?
You will be able to use your current Union Bank Debit and/or ATM Card, along with your existing personal
identication number (PIN), through July 31.
Your Union Bank Debit and/or ATM Card will stop working on August 1, or when you activate your new
U.S. Bank Debit and/or ATM Card, whichever comes rst.
If your current Union Bank Debit Card only accesses a savings account, you will be receiving a new U.S. Bank
ATM Card.
When will I receive a new U.S. Bank Debit and/or ATM Card?
You will receive a new U.S. Bank Debit and/or ATM Card by July 15. If you do not receive your card by this date,
please call 24-Hour Banking at 800-USBANKS (872-2657) for assistance.
Will my PIN change?
No, your PIN will not change. You will be able to use your existing PIN with your new U.S. Bank Debit and/or
ATM Card.
Will automatic payments that I set up with my Union Bank Debit Card transfer to my new U.S. Bank
Debit Card?
Most automatic payments that were set up with your Union Bank Debit Card will automatically be updated with your
new card information (card number, expiration date and the three-digit security code displayed on the back of your
card). Common automatic payments include utility companies and cell phone services. You will need to verify that all
of your automatic payments were updated accordingly.
Will ATM fees still be waived?
Yes, for transactions within the U.S. Bank ATM network. ATM transactions made at non-U.S. Bank ATMs may incur a
fee. U.S. Bank has an expansive ATM network. For a full listing of U.S. Bank branches with ATM access, please visit
usbank.com/locations.
Will I still be able to request cash back when I make a purchase with my new U.S. Bank Debit Card?
Yes. You will be able to request cash back when you use your debit card to make a purchase and enter your PIN.
Note: The U.S. Bank Mobile App is available for download from the Apple
®
App Store or Google Play store.
4
Your device must be in the United States to download the U.S. Bank Mobile App. Some services available in the
United States only.
Mobile and online banking at U.S.Bank
With U.S. Bank mobile and online banking, you’ll be able to do your everyday banking securely from your home or
just about anywhere.
•
View your balances and available credit.
•
Review electronic statements (e-statements) and transactions.
•
Manage and pay bills.
•
Send and receive money with Zelle
®
.
•
Deposit checks
2
using the U.S. Bank Mobile App.
3
•
Find the nearest U.S. Bank branch or ATM.
•
And more!
To help make your transition to mobile and online banking at U.S. Bank easier, we’ve provided answers to a few
anticipated questions here and at usbank.com/unionbank.
When can I access my deposit account information in mobile and online banking?
Beginning May 30, you’ll be able to enroll in U.S. Bank mobile and online banking.
1. U.S. Bank checking or savings account required to use Zelle
®
. Transactions between enrolled consumers typically occur in minutes and generally do not
incur transaction fees. Terms and conditions apply. Services available in U.S. only.
2. Eligibility requirements and restrictions apply. Please refer to the Digital Services Agreement at usbank.com/DSA for more information.
3. Standard messaging charges apply through your mobile carrier. Message frequency depends on account settings.
4. Android™ and Google Play are trademarks of Google LLC. Apple and iPhone
®
are registered trademarks, and the App Store is a registered service mark, of
Apple Inc.
How do I enroll in mobile and online banking?
You’ll have three ways to enroll in U.S. Bank mobile and
online banking.
1. From the Union Bank Mobile App or unionbank.com
A simpler enrollment process that grants you
U.S. Bank digital credentials from Union Bank digital
properties. This enrollment process is only available
for personal accounts.
•
Open the Union Bank Mobile App or
visit unionbank.com.
•
Log in to your account using your Union Bank
login credentials.
•
You’ll be prompted to complete verication and create
new U.S. Bank credentials.
2. From the U.S. Bank Mobile App
•
Download the U.S. Bank Mobile App on your
Android
TM
or iPhone
®
.
4
•
Open the app and click Create a username
and password.
•
On the rst screen, use your new U.S. Bank account
number or your Union Bank Debit Card number and
the last 4 digits of your Social Security number (SSN).
•
Follow the step-by-step instructions.
3. At usbank.com
•
Visit usbank.com/unionbank-enroll.
•
On the rst screen, use your new U.S. Bank account
number or your Union Bank Debit Card number and
the last 4 digits of your Social Security number (SSN).
•
Follow the remaining step-by-step instructions.
TIP
Visit exploreusbank.com for simple,
interactive demos that show you how to
do everyday banking tasks in the U.S. Bank
Mobile App or online banking.
Scan the QR code with
your phone’s camera.
Mobile and online banking | 4
Mobile and online banking | 5
Timeline and special notes
May 26 Last day you will have access to Union Bank digital banking and bill pay.
May 26
All Union Bank digital banking bill payments scheduled to be paid after May 26
will be paid on the date requested.
May 27-30 Mobile and online banking will be unavailable while we transition accounts to U.S. Bank.
May 30
Enroll in U.S. Bank mobile and online banking through the U.S. Bank Mobile App or at
usbank.com/unionbank-enroll. If you utilize Union Bank digital bill pay, validate your
biller information and any scheduled bill payments.
Is U.S. Bank mobile and online banking secure?
Yes. Our services and tools enlist advanced encryption and monitoring technologies. Visit usbank.com/guarantee to
learn more about our Digital Security Coverage.
Will my historical electronic statements (e-statements) transfer?
Yes. If you had e-statements at Union Bank for your deposit accounts, they will transfer to U.S. Bank mobile or online
banking. However, we recommend that you print past Union Bank statements, on or before May 27, for your records.
For more information regarding statements, please refer to the Personal Accounts – Statement Update beginning on
page 12.
Will my alerts transfer?
We’ve done our best to match the current alerts set on your Union Bank accounts with alerts that are available at
U.S. Bank. Some alerts may not have transferred because we did not have a match, so we recommend you review the
alerts set on your accounts upon enrollment.
Will my scheduled bill payments transfer?
Yes. Once you enroll in U.S. Bank mobile and online banking, your existing bills and biller information from the
Union Bank bill pay
1
system will automatically transfer. Your Union Bank bill pay history will transfer to your new
U.S. Bank account in mobile and online banking. We recommend that you log in to your U.S. Bank account and
validate that your billers, automatic and scheduled payments were transferred accurately.
1. A phone number and address in the U.S. Is required to use bill pay.
Mobile and online banking | 6
Will my new U.S. Bank Debit Card automatically be added to my mobile wallet?
No. After you receive your new U.S. Bank Debit Card, you will need to add it to your mobile wallet.
A U.S. mobile number is required to add a card to your mobile wallet.
Please note that your old Union Bank Debit Card will no longer work in your mobile wallet either
after you have activated your new U.S. Bank Debit Card or after August 1, whichever comes rst.
Mobile and online banking at U.S.Bank
Setting up bill pay and account-to-account transfers | 7
Setting up bill pay and account-to-account transfers
Whether making a purchase, paying bills or saving for the future, we want to provide accessible money movement
options with the ability to move your money where you need it, when you need it.
Choose what works best for you.
Bill payments – When you pay your bills through U.S. Bank mobile and online banking, you’re in charge. Set up
advance or recurring electronic payments (or checks) to be delivered on the date you choose. You can edit or cancel
any payment up to the time it’s processed. A phone number and address in the U.S. is required to use bill pay.
1. Recurring bill payments are not available for the Safe Debit account.
2. Zelle
®
and the Zelle
®
related marks are wholly owned by Early Warning Services, LLC and are used herein under license.
3. To send money in minutes with Zelle
®
, you must have an eligible U.S. Bank account and have a mobile number registered in your online and mobile banking
profile for at least three calendar days. Transactions between enrolled consumers typically occur in minutes and generally do not incur transaction fees. Terms
and conditions apply.
4. Services available in U.S. only. Standard messaging charges apply through your mobile carrier. Message frequency depends on account settings. Eligibility
requirements and restrictions apply. Please refer to the Digital Services Agreement for more information.
In addition to one-time payments, bill pay oers the following options:
Recurring
Set up automatic monthly payments to payees. This is a great option for payments that
generally are a xed amount every month, such as your mortgage or car payment.
e-bills
Many companies can deliver e-bills – free electronic versions of your paper bills – directly
to your account in mobile and online banking. Customers like this option for bills that can
vary, such as utility or credit card bills.
Zelle
®2
– Zelle
®
is a fast, safe and easy way to send money directly between almost any bank accounts in the U.S.,
typically within minutes.
3
With just an email address or U.S. mobile phone number, you can send money to people you
trust, regardless of where they bank.
4
You can also use Zelle
®
to set up recurring payments.
Since money is sent directly from your bank account to another person’s bank account within minutes,
3
it’s important
to only send money to people you trust, and always ensure you’ve used the correct email address or U.S. mobile
number. It’s easier to be sure when you select your recipient from the Zelle
®
Ready Contacts list on your Select a
recipient screen within Zelle
®
.
Account-to-account transfers
There are many reasons you may need to move money from account to account:
Overdraft
protection
Protect your checking or money market accounts from overdraft by linking another
deposit or credit account for protection.
Saving money Regular or one-time transfers to accounts like savings or money market.
Funding another
account
You may want to move money from one account to another for something like a major
purchase. Account-to-account transfers can also be done to an account outside of
U.S. Bank, provided the owners named on both accounts match.
Will my payroll direct deposit or my pre-established automatic debits and/or credits continue?
U.S. Bank will automatically notify nancial institutions originating direct deposit and other automatic debit or credit
transactions to your account of the new U.S. Bank routing number and your new account number. However, please
note that based on our notication, the originator of your automatic debit or credit transaction may contact you to
verify the changes and ask you to complete new paperwork to have the automatic transaction continue.
We recommend that you contact the originator once you receive your new routing number and account number and
inform them of the changes eective May 30, to eliminate possible disruption in automated transaction processing.
For additional information on stop payments, please refer to the Transitioning your Union Bank personal
account(s) section.
Setting up bill pay and account-to-account transfers | 8
I already have Zelle
®
, bill pay and transfers set up at Union Bank. Will these stay the same when my accounts
move to U.S. Bank?
If you are making bill payments from a current Union Bank deposit account (checking or money market), there is no
action required. However, we recommend you validate that your payments have transferred properly.
If you are transferring from a current Union Bank deposit account (checking, savings or money market) to another
Union Bank deposit account on which you are an owner, there is no action required.
All of your recurring Zelle
®
payments will automatically carry over. Before you begin sending or receiving money,
you’ll need to verify your enrolled email or mobile number.
Type of transfer From To
Action
required?
Notes
Zelle
®
(person to person
payments)
Union Bank
deposit account
Any payee
Yes
You will need to verify the email and mobile
numbers you previously enrolled. We
recommend you validate that your payees,
scheduled, and recurring payments have
transferred properly.
Internal account-to-
account transfers
(to another person)
Union Bank
deposit account
Union Bank
deposit account
Yes
If you are not an account owner, use Zelle
®
for your transfer.
Internal account-to-
account transfers
Union Bank
deposit account
Union Bank
deposit account
No
If you are an account owner, there is no
action required on your part.
External account-to-
account transfers
Union Bank
deposit account
Non-Union Bank
deposit account
No
If you are an account owner, there is no
action required on your part.
External account-to-
account transfers
(to another person)
Union Bank
deposit account
Non-Union Bank
deposit account
Yes
Use Zelle
®
for your transfer.
Bill payments
2
Union Bank
deposit account
Any payee
No
No action is required; however, we
recommend you validate that your payees
and scheduled payments have transferred
properly.
Overdraft
protection
Union Bank
deposit account
or credit account
Union Bank
deposit account
No
If account owner(s) on the to and from
account match and the account is a
consumer-to-consumer or business-to-
business account, there is no action required
on your part. Refer to the Overdraft
Protection Information section for details on
matching ownership.
IRA distributions or
CD interest
payments
Union Bank IRA
CD or IRA money
market or CD
Union Bank
deposit account
No
There is no action required on
your part.
1. Zelle
®
and the Zelle
®
related marks are wholly owned by Early Warning Services, LLC and are used herein under license.
2. Recurring bill payments are not available for the Safe Debit account.
Setting up bill pay and account-to-account transfers
Setting up bill pay and account-to-account transfers | 9
Type of transfer From To
Action
required?
Notes
Credit card and
loan payments
Union Bank
deposit account
Union Bank
Credit Card or
loan account
Yes
Simply locate the account you wish
to make a payment in online banking
or the U.S. Bank Mobile App and
schedule your payment using the
bill pay feature.
Digital wire
transfers
Any account Any account Yes
Your wire transfer limit may change;
visit your local U.S. Bank branch for
assistance with wire transfers
exceeding your limit.
Wire processing in online banking
and the U.S. Bank Mobile App ends
at 1:30 p.m. PT.
For international wire transfers,
more information will be sent to
you separately.
If you are making payments to credit accounts and loans (e.g., auto, mortgage or credit card accounts) or
wiring funds, there are additional actions required on your part.
Your new account(s) information | 10
Transitioning your Union Bank personal account(s)
CHECKING ACCOUNT
What will happen to my Union Bank checking account?
Beginning May 30, your personal checking account will automatically change to a U.S. Bank checking account that
comes with great features. For additional information and benets for your account, please review the Consumer
Pricing Information section. It is necessary for us to assign a new account number to your checking account. You may
continue to use your existing account deposit slips and checks until your supply runs out.
Please see the following chart for your new checking account name.
Updated account names
If your current Union Bank account is:
Your updated U.S. Bank
account name will be:
In May, you will receive a
separate letter with your new
account number. That letter
will give instructions on how
to order new U.S. Bank checks
when you are ready.
Union Bank Access Account Safe Debit Account
Bank Freely™
U.S. Bank Smartly™
Checking account,
U.S. Bank Smart Rewards™
Primary rewards tier
Employee/Retiree Checking
Teen Access
Ready to Go Checking
Banking by Design
Company Benets Banking
Union Bank Essentials Checking
Priority Banking
Signature Banking Regular Checking
Signature Banking Tiered Interest Checking
Tiered Interest Checking
Pacic Rim Company Benets Checking
Private Capital Advantage Checking
U.S. Bank Smartly™
Checking account,
U.S. Bank Smart Rewards™
Premium rewards tier
Private Advantage
Portfolio Connection
U.S. Bank Smartly™
Checking account,
U.S. Bank Smart Rewards™
Pinnacle rewards tier
As a courtesy to our customers, the monthly maintenance fee on the Safe Debit account will be waived through
February 2024. For customers converting into the U.S. Bank Smartly Checking account (Smart Rewards – Primary,
Plus, Premium or Pinnacle rewards tiers), you will not be charged a monthly maintenance fee until at least
March 2024 as one of your rewards tier benets.
Your new account(s) information | 11
CHECKING ACCOUNT Continued
Please note that if your checking account is being converted into the U.S. Bank Smartly Checking account, you will
be automatically enrolled in the noted rewards tier and it could be up to ve business days after conversion before
your tier benets will be available. Your combined qualifying balances and customer group information is reviewed
daily for additional rewards tier benets, but please note that not all balances may be available for review at the time
of conversion or for monthly reviews until June 2023. The rst annual review is at the end of 2023, per the terms
related to U.S. Bank Smart Rewards™ listed in the Consumer Pricing Information section, and your rewards tier may
change as a result. You will be notied prior to any rewards tier change.
For customers with a Portfolio Connection account, please watch for a separate communication with more
information regarding your new account.
Will I still be able to use my current checks?
Yes. You may continue to use your existing Union Bank checks and deposit slips, until your supply runs out, for your
deposit accounts following the transition of your accounts to U.S. Bank.
SAVINGS AND MONEY MARKET ACCOUNTS
What will happen to my savings and money market accounts at Union Bank?
Beginning May 30, your savings and money market accounts at Union Bank will have an updated name; please refer
to the following chart. Please review the Consumer Pricing Information section for miscellaneous savings or money
market fees and a summary of ATM transaction fees.
It is necessary for us to assign a new account number to your savings or money market account. You may continue
to use your existing account deposit slips and checks until your supply runs out.
Updated account names
If your current Union Bank account is:
Your updated U.S. Bank
account name will be:
In May, you will receive a letter
with your new savings or
money market account number
and instructions as to how you
can order new checks and
deposit slips for your accounts.
Please note that check usage is
only available on the Elite
Money Market account.
MoneyMarket
High Rate MoneyMarket
Money Market Extra
Union Bank Preferred Savings
Elite Money Market
Teen Savings
Standard Savings
BTM Savings
Trustee Savings
Bank Freely™ Savings
Regular Savings
Kidz Savings
55 Plus Savings
Nest Egg Savings
Retirement Money Market Savings Retirement Money Market
As a courtesy to our customers, the monthly maintenance fee on the above converting accounts will be waived
through February 2024.
Your new account(s) information | 12
Transitioning your Union Bank personal account(s)
Personal accounts – statement update
Whether you currently receive electronic statements
(e-statements) or paper statements, you will receive a
nal paper Union Bank account statement for each of
your Union Bank checking, money market or savings
accounts in the mail by early June. This statement will
reect any account activity between your most recent
statement and May 26. Starting with the activity on
May 27, you will receive a U.S. Bank account statement.
If you currently receive both e-statements and paper
statements, you will receive only e-statements once
your account has converted.
Past Union Bank statements will be viewable through
U.S. Bank mobile and online banking; however, there
may be a delay in your ability to view statements online.
We recommend that you retain any online statements
from your Union Bank digital banking that you may need
immediately. Please note that if you do not enroll in
U.S. Bank mobile and online banking within 60 days of
account conversion and you currently receive
e-statements, your e-statements will convert to
paper statements and you may be charged a fee.
For more information, please refer to the Consumer
Pricing Information section on fees for deposit
account statements.
Are there fees for deposit account statements?
e-statements
For customers who currently receive e-statements with
Union Bank, we will continue to provide e-statements
with U.S. Bank at no charge with enrollment in U.S. Bank
mobile or online banking.
You can also easily manage your paperless preferences
anytime within U.S. Bank digital banking services.
Paper statements
The Consumer Pricing Information section provides
additional information applicable to paper statements.
If you choose to continue with paper statements, they
will automatically be combined within one full statement
cycle after May 30.
Customers converting to the U.S. Bank Smartly
Checking account (Smart Rewards – Primary, Plus,
Premium or Pinnacle rewards tiers) will not be charged a
paper statement fee until at least March 2024 as one of
your rewards tier benets.
To avoid a paper statement fee, enroll in electronic or
paperless statements through online banking or the
U.S. Bank Mobile App. For additional instructions on
how to enroll, refer to the Mobile and Online Banking
section. Please refer to the enclosed Your Deposit
Account Agreement for information about statements
and notices.
Will I still be able to use my current Union Bank Debit
and/or ATM Card?
Yes. You may continue to use your existing Union Bank
Debit and/or ATM Card through July 31, or when you
activate your new U.S. Bank Debit and/or ATM Card,
whichever comes rst.
Will my Union Bank Debit and/or ATM Card
withdrawal and purchase limit remain the same?
Yes. Your withdrawal and purchase limits will remain the
same with your new U.S. Bank Debit and/or ATM Card.
What will happen to my Union Bank Credit Card?
Your current Union Bank Credit Card will be replaced
with a new U.S. Bank Credit Card and number beginning
in late May. Please continue to use your Union Bank
Credit Card as usual and watch for future U.S. Bank
communications regarding your credit card account.
What will happen to my safe deposit box?
Your safe deposit box will remain at the same location
unless you have been notied in a separate letter. If you
are currently having your safe deposit box rental fee
debited from your Union Bank checking, savings or
money market account, this will continue only if your
account is being converted to a U.S. Bank checking,
savings or money market account. A notice will be
mailed annually for the amount due. Please read this
notice carefully as your safe deposit box rental fee and
discounts may change as it switches over to the
U.S. Bank standard safe deposit box pricing. If you
receive an invoice to pay your annual safe deposit box
rental fee, that will continue; however, please be aware
that U.S. Bank charges a fee for this service. Please refer
to the Consumer Pricing Information section for
related fees.
You can avoid the invoice fee by having your safe
deposit box rental fee automatically debited from your
U.S. Bank checking, savings or money market account.
Please review the Consumer Pricing Information section
for more information about available safe deposit box
rental fee discounts.
1. Safe deposit boxes and their contents are not covered by FDIC insurance or U.S. Bank’s insurance policy.
Your new account(s) information | 13
1. Services available in U.S. only. Eligibility requirements and restrictions
apply. Contact a U.S. Bank branch to obtain the Digital Services Agreement
for more information.
2. For text alerts, standard messaging charges apply through your mobile
carrier and message frequency depends on account settings.
You can easily make a deposit several ways beginning
on May 30.
•
Mobile check deposit is safe and secure with the
U.S. Bank Mobile App. Your mobile check deposit limits
can be found in your mobile banking.
•
Most U.S. Bank ATMs accept deposits 24 hours a day
and do not require an envelope. To nd an ATM with
deposit capabilities, please visit usbank.com/locations.
•
Any U.S. Bank branch will welcome your deposit at the
teller or drive-up window.
How are my FDIC-insured deposits handled?
The FDIC will insure your Union Bank deposits separately
from any existing U.S. Bank deposits for a period of six
months after the date of the merger of Union Bank
and U.S. Bank.
Certicates of deposit (CDs) previously held at
Union Bank are separately insured until the earliest
maturity date after the end of the six-month period. CDs
that mature during the six-month period and are renewed
for the same term and dollar amount as the original
deposit (either with or without accrued interest added to
the principal amount) will continue to be separately
insured until the rst maturity date after the six-month
period. If a CD matures during the six-month period and is
renewed for any other term or dollar amount, it will be
separately insured only until the end of the six-month
period. Your U.S. Bank deposit accounts are FDIC-insured
to the maximum permitted by law.
When will my deposited funds be available to me?
In most cases, you will have immediate access to the rst
$225 of the total deposits made the business day of the
deposit, including on ATM deposits; generally, the
remaining amount of the deposit will be available to you
on the rst business day after the day the deposit was
made unless you are notied otherwise. Please review the
enclosed Your Deposit Account Agreement for information
about the U.S. Bank Funds Availability Policy, which
applies to checking, savings and money market accounts.
What if a deposit gets returned?
If you make a deposit and the item is returned for
insucient funds on the account, we will return that
deposited item automatically to you. We will not
automatically redeposit the item. A Returned Deposited
Item fee may apply; please see the Consumer Pricing
Information section for more details.
How will I be notied of an overdraft or returned item
on my account?
U.S. Bank has several ways to notify customers of an
overdraft or returned item on an account. We will mail a
notication the day after the occurrence, but there are
other ways to know if your Available Balance falls below a
certain amount or has become negative.
Simply enroll in U.S. Bank mobile and/or online banking so
you can view your account transaction activity at any
time. You can set up multiple alerts to be sent directly to
you via email or text message on your mobile device.
2
All consumer checking accounts (excluding Safe Debit
Accounts) are eligible for U.S. Bank Overdraft Fee
Forgiven, which gives you extra time to bring your
account to a zero or positive Available Balance to waive
Overdraft Paid Fees. Please see the Overdraft Coverage
and Overdraft Fees section for more details on Overdraft
Fee Forgiven.
What will happen to my automatic recurring transfers
between deposit accounts?
If you have an automatic recurring transfer between
your deposit accounts at Union Bank, those transfers
will continue.
What about my existing stop payments?
If you currently have a stop payment on your account for
check and ACH transactions, it will remain in eect as
your accounts convert to U.S. Bank for the duration stated:
•
Expiration date is before May 30, 2025 – stop payment
date will remain the same.
•
Expiration date is after May 30, 2025 – stop payment
will expire on May 30, 2025.
•
No expiration date – stop payment will expire on
May 30, 2024.
To cancel a stop payment, you can log into your account
via the U.S. Bank Mobile App or online banking, at your
local U.S. Bank branch, or by calling 24-Hour Banking at
800-USBANKS (872-2657).
If you have a stop payment on your Union Bank Debit
Card, it will not be converted to U.S. Bank. After receiving
your new U.S. Bank Debit Card, please contact U.S. Bank
to re-establish any stop payments that were set up with
your Union Bank Debit Card.
If I have a personal loan, lease or line of credit, what
will happen to my account?
You will be notied at least 15 days prior to conversion if
your account number changes and of the new mailing
address for payments. If your account is enrolled in ACH,
this service can continue with no action required on your
part at this time.
How can I access my line of credit?
You will be able to access your line(s) of credit as you’re
used to until further notice. New instructions will be
provided at a later date.
Union Bank Time Deposit Account(s) (CDs) and IRA account(s)
What will happen to my Union Bank Time Deposit
account(s) (CDs)?
If you have a Union Bank Time Deposit Account (CD), your
existing terms and conditions, including your interest rate
and maturity date, will remain the same until your
certicate matures. Your CD will receive a new account
number, which will be mailed to you in May.
The form in which your interest is paid – added to the
account, transferred to another deposit account or by
check – will not change. Please note that U.S. Bank will
not send a notice when interest is paid on a CD account.
If you earn interest and move to another state, U.S. Bank
will report the interest earned during the time you lived in
each state.
A note about odd-term CDs: If you opened a CD with a
term other than 12, 24, 36, 48 or 60 months, it will
automatically renew at the same term and will receive the
rate for the CD term that is closest to but not exceeding
the term of your current CD, unless you request a dierent
term (for example, if you have a 27-month odd-term CD,
your CD will renew back into a 27-month term and your
renewal rate will default to the 24-month rate).
A note about CDs greater than 60 months: Note that
any CD with a term greater than 60 months will
automatically renew into a 60-month CD term.
You may request to have your CD summary information
added to your checking account statement beginning
May 30. Please note that U.S. Bank will not send a
renewal notice if a CD is automatically renewed.
What will happen to my Union Bank Foreign Currency
Time Deposit?
For customers with a Foreign Currency Time Deposit
account, please watch for a separate communication with
more information regarding your new account.
Rate information – The interest rate on your account may be adjusted upon renewal. Unless otherwise indicated, you
will earn this adjusted rate for the next term of your certicate. Your CD is automatically renewed for the same term.
The rate is determined based on the published rate for the CD, excluding CD Specials, that is closest to but not
exceeding the term of the CD. Advertised interest rate and Annual Percentage Yield (APY) can be found at usbank.com
or by calling 24-Hour Banking at 800-USBANKS (872-2657). The Annual Percentage Yield assumes interest remains on
deposit until maturity. A withdrawal will reduce earnings.
Balance computation method – Upon the rst renewal of your Union Bank CD we will use the daily balance method to
calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Interest begins to accrue the business day you deposit non-cash items, such as checks.
Compounding and crediting of interest – Interest will be credited annually for certicates with maturities greater than
one year, at maturity for certicates less than one year or, at your option, at the credit frequency listed on your original
Union Bank Time Deposit Account (CD) account terms and conditions. Interest will be compounded daily after the rst
CD renewal after May 30.
Renewal policy – You may withdraw the entire balance of your CD before its rst renewal day without incurring an
early withdrawal penalty and fee between May 30, 2023, and August 30, 2023. Once the CD matures and is renewed,
our standard renewal policy, listed here, will apply to the renewed CD. Unless notied otherwise, CDs will automatically
renew at maturity. A maturity notice is generated and mailed approximately 14 days prior to the maturity. Please note
that if you receive two maturity notices on your converting CD around the time of conversion, refer to the U.S. Bank
interim maturity notice and disregard the Union Bank maturity notice. You will have one opportunity during the grace
period of ten (10) calendar days from the maturity date to make changes, add funds and/or withdraw funds without
penalty. If the amount withdrawn is deposited into another time certicate at U.S. Bank within this ten (10) day period,
interest will be paid during the ten (10) day period at the rate applicable to the new certicate. The bank may, upon not
less than 30 days’ written notice, elect to call a certicate for payment on a maturity date.
The current terms of your Union Bank Time Deposit Account (CD) will remain in eect until maturity. The following are
the new terms and early withdrawal penalties and fees that will apply to any renewed CD. Please read these carefully.
If you do not agree with these terms, you may withdraw the full amount of your CD prior to its rst renewal date
between May 30, 2023, and August 30, 2023, without incurring an early withdrawal penalty and fee.
Your new account(s) information | 14
Your new account(s) information | 15
Transaction limitations – You may not make deposits into your account until the maturity date, with the exception of
the 12-month and 18-month Variable-Rate IRA CDs. The 12-month and 18-month Variable-Rate IRA CDs will continue
to allow additional deposits until maturity, per the terms and conditions of the original certicate. You may make
partial withdrawals from your account prior to maturity; however, we will impose the early withdrawal penalty and fee
on the amount withdrawn. For partial early withdrawals on Union Bank CDs with a term of 7 to 31 days prior to its rst
renewal with U.S. Bank, we will assess a penalty of 7 days interest on the amount withdrawn. Interest that has
accrued or capitalized since the last renewal date may be withdrawn without penalty at any time. The minimum
partial withdrawal amount is $500. If a partial withdrawal is made, your remaining balance must meet minimum
opening balance requirements.
Minimum balance requirement – The minimum amount required to open a standard CD is $500. The minimum
amount required to open a CD Special is $1,000.
General provision – This deposit is not transferable. This certicate may not be paid to any person other than the
named depositor(s). Any person requesting payment of this certicate will be required to establish to the satisfaction
of the bank that s(he) is the depositor.
Early withdrawal penalty – Please note that your existing Union Bank CD early withdrawal penalties and fee
structure may result in a lower charge than the U.S. Bank CD early withdrawal penalties and fee structure. Existing
Union Bank CD early withdrawal penalties and fee will continue to apply until the rst U.S. Bank CD renewal.
Please note that we may not assess the Union Bank CD early withdrawal compensating penalty as dened in your
Union Bank Time Deposit Account (CD) disclosure, but other early withdrawal penalties will still apply. For partial
early withdrawals on Union Bank CDs with a term of seven (7) to 31 days prior to its rst renewal with U.S. Bank, we
will assess a penalty of seven (7) days interest on the amount withdrawn. As previously stated, you may withdraw the
entire balance of your CD before its rst renewal date without incurring an early withdrawal penalty and fee between
May 30, 2023, and August 30, 2023.
A CD is an agreement to keep the funds on deposit with the bank until the current maturity date. Except as required
by law, withdrawal prior to maturity will be permitted only with consent of the bank, which may only be given at the
time of withdrawal. Funds will generally be available no later than the seventh business day after the day of your
deposit. The following fees and penalties charged for early withdrawals and redemptions are eective after the rst
renewal of your converted U.S. Bank CD.
If your account has a term of six
months or less, the penalty will be
the greater of A or B, plus a $25
early withdrawal fee.
A. All interest that would have
been earned on the funds
withdrawn if held for the
entire term
B. 1% of the amount withdrawn
If your account has a term of
greater than six months through
12 months, the penalty will be the
greater of A or B, plus a $25 early
withdrawal fee.
A. One-half of the interest that
would have been earned on the
funds withdrawn if held for the
entire term
B. 1% of the amount withdrawn
If your account has a term greater
than one year, the penalty will be
the greater of either A or B, plus a
$25 early withdrawal fee.
A. One-half of the interest that
would have been earned on the
funds withdrawn if held for the
entire term
B. 3% of the amount withdrawn
The penalty may be waived in the case of death or judicially declared mental incompetence of any owner of the
certicate. The penalty may also be waived on IRA CDs in the case of permanent disability of the owner or for normal
or required distribution of retirement funds at age 72 or beyond.
Please review to the enclosed Your Deposit Account Agreement and the Consumer Pricing Information section for
additional information applicable to CDs.
Your new account(s) information/Overdraft coverage and overdraft fees | 16
What will happen to my IRA?
If your IRA is invested in a Union Bank CD (IRA Time
Deposit), your rate and term will remain the same until
maturity unless your IRA CD is a Variable-Rate IRA CD.
All Variable-Rate IRA CDs will remain at their current
term and rate structure until renewal, when the IRA CD
will renew into a xed rate IRA CD. If your IRA is invested
in a Retirement Money Market Savings account, it will be
called a U.S. Bank Retirement Money Market account.
Beginning May 30, U.S. Bank will become the custodian
of your IRA plan. The terms and conditions of your IRA
plan remain the same. Please review the Consumer
Pricing Information section for IRA plan fee details.
U.S. Bank will waive annual IRA plan fees for converted
Union Bank IRAs in 2023.
Your plan and account number will be updated.
In May, you will receive a separate letter with your new
account number. Quarterly statements with all activity
and interest paid are sent for IRA plans that include a
Retirement Money Market account. IRA plans that only
contain CDs will receive an annual year-end IRA plan
statement that displays activity and interest paid for all
accounts within your IRA plan.
If you had an existing IRA plan at U.S. Bank and one with
Union Bank, you will receive two year-end statements
and two tax documents. This year-end statement also
serves as disclosure for your 5498 information for the
previous tax year. If contributions are made January 1
through April 15 for the previous tax year, an updated
5498 form will be mailed to you each May.
You will continue to receive paper statements for your
IRA. You may choose to add summary information for
your IRA to your checking account statement or combine
your IRA plans by calling us at 800-USBANKS (872-2657)
beginning May 30.
If you are currently making contributions to your
Variable-Rate, Retirement Income or Frontier IRA CD
during the term, you will be able to continue to do so
through the rst maturity beginning May 30. Upon the
rst renewal, the ability to add a deposit during the term
of the IRA CD will no longer be available. Contributions
can only be made during the grace period upon renewal
of your CD.
For customers who make regular deposits to an IRA CD,
a Retirement Money Market account is a more exible
alternative over the long term. Large balances can be
converted to an IRA CD as they accumulate.
Please note that beginning May 30, customers age 72 or
older will be able to withdraw funds on an IRA CD during
the term of the CD without penalties and fees. Automatic
recurring IRA distributions can also be set up penalty-
free from an IRA CD for customers age 59 ½ or older.
For converted IRA CDs, your existing terms and
conditions will remain in eect until the rst maturity
after conversion. These terms and conditions allow
customers age 70 ½ or older to withdraw funds on an IRA
CD during the term of the CD without penalties and fees.
Customers age 59 ½ or older can transfer funds to
another U.S. Bank IRA CD penalty-free. Automatic
recurring IRA distributions can also be set up penalty-
free from an IRA CD for customers age 59 ½ or older.
Union Bank Time Deposit Account(s) (CDs) and IRA account(s)
Overdraft coverage and overdraft fees
Your Union Bank checking and money market accounts
will convert with our standard overdraft coverage.
Information about our standard overdraft coverage,
costs and limits is provided in the ATM and Debit Card
Overdraft Coverage Notication beginning on page 18.
You can also refer to the enclosed Your Deposit Account
Agreement for additional details.
What will happen to my current ATM and debit card
overdraft coverage?
Your current Union Bank ATM and Debit Card overdraft
coverage election will continue with your converted
U.S. Bank account.
If you have said “yes” or opted in previously to ATM and
debit card overdraft coverage, we will authorize the
following types of transactions and you may incur an
overdraft fee:
•
ATM transactions
•
Everyday debit card transactions (purchases made with
your debit card on a day-to-day basis)
If you have said “no” or opted out previously to ATM and
debit card overdraft coverage, we will not authorize and
pay overdrafts for those types of transactions listed
above. Those transactions will be declined and you will
not be charged an Overdraft Paid Fee.
Overdraft protection information
What will happen to my current overdraft protection options?
Your current checking account overdraft protection will continue for accounts linked:
•
To another deposit account (checking, savings and/or money market) where at least one account owner is the
same on both the linked deposit account and the checking account.
•
To a converted and activated U.S. Bank Credit Card, if all of the account owners are also the account owners on
the linked credit card account.
If you currently have a deposit or credit account linked to your checking account with dierent account owner(s)
than your checking account, the account will not be linked to your checking account for overdraft protection
beginning May 30.
To avoid overdraft fees and manage your overdraft protection, you can link another deposit account, credit
product, or active U.S. Bank Credit Card account with the same account owner(s) or open a new deposit account
before May 30. An overdraft protection transfer fee may apply when transfers are made from eligible linked credit
accounts. Please see the Consumer Pricing Information section for more details.
Changes to your overdraft protection
Beginning May 30, there will be some changes to how your overdraft protection service works, such as
the amount transferred, interest rates and fee(s). Refer to the Consumer Pricing Information section for
more information.
Additionally:
•
If you currently have a Cash Reserve account, it will be converted to the U.S. Bank Reserve Line as long as
account owner(s) names are the same on both accounts. Accounts without the same account owner(s) will not
continue to be linked for overdraft protection. You will need to apply for and open a new U.S. Bank Reserve Line
with the same account owner(s) to be eligible to link it as overdraft protection.
•
Personal accounts and business accounts cannot be linked together for overdraft protection. Personal and
business accounts currently linked together for overdraft protection will not continue to be linked.
How overdraft protection works
Once you link your accounts, funds will automatically be transferred from the linked overdraft protection account
as follows:
•
If you have linked eligible accounts, and the negative Available Balance in your checking account is $5.01 or more,
the advance amount will transfer in multiples of $50. If, however, the negative Available Balance is $5.00 or less,
the amount advanced will be $5.00. The Overdraft Protection Transfer Fee is waived if the negative Available
Balance in your checking account is $50.00 or less. Refer to the Consumer Pricing Information section for
Overdraft Protection Transfer fees.
•
Please note, if you have overdraft protection and your account becomes overdrawn, overdraft protection funds
will be accessed before the account is eligible for Overdraft Fee Forgiven. Refer to the Overdraft Coverage and
Overdraft Fees section, and the enclosed Your Deposit Account Agreement for more information about Overdraft
Protection Plans.
Please review the ATM and Debit Card Overdraft Coverage Notication beginning on the next page for
terms related to overdraft practices. This information is also included in Your Deposit Account Agreement.
Overdraft protection information | 17
ATM and Debit Card Overdraft Coverage Notication | 18
What is an overdraft?
An overdraft occurs when you do not have enough of an Available Balance in your account to cover a transaction and
we pay it on your behalf. We can cover your overdraft in two dierent ways:
1. We have standard overdraft coverage that comes with your account.
2. We also oer overdraft protection plans, which may be less expensive than our standard overdraft coverage.
To learn more, ask us about these plans.
– Link to your savings, money market or checking account
– Link to your line of credit
– Link to your credit card account
This notice explains our overdraft coverage options and U.S. Bank Overdraft Fee Forgiven.
What is the standard overdraft coverage that comes with my account?
As part of our standard overdraft coverage, we will authorize and pay overdrafts for these types of transactions at
our discretion:
– Checks and other transactions using your checking account number
– Automatic bill payments
– Recurring debit card transactions, such as setting up your debit card to automatically pay a monthly gym
membership
We will not authorize and pay overdrafts for these types of transactions unless you say “yes” to ATM and Debit Card
Overdraft Coverage:
– ATM transactions
– Everyday debit card transactions (purchases made with your debit card on a day-to-day basis)
We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any
type of transaction. If we do not authorize and pay an overdraft, your transaction will be declined or returned with
no fee.
How much does overdraft coverage cost?
U.S. Bank will charge an Overdraft Paid Fee of $36.00 for each overdraft item we pay on your behalf. Whether we
charge the fee is based upon the dollar amount of the item, meaning:
– There is no Overdraft Paid Fee for each overdraft item we pay on your behalf that is $5.00 or less.
– The Overdraft Paid Fee is $36.00 for each overdraft item we pay on your behalf that is $5.01 or more. If the
Available Balance is negative by $50.00 or less, no Overdraft Paid Fee will be charged.
Are there limits to what I could be charged for overdrafts?
U.S. Bank limits the number of charges to a daily maximum of 4 Overdraft Paid Fees per day, no matter how many
items we pay on your behalf. We know it is sometimes dicult to track every transaction. In the event the Available
Balance at the end of the business day is or would be overdrawn $50.01 or more, an Overdraft Paid Fee(s) may be
assessed for each item paid greater than $5.00. In the event your Available Balance at the end of the business day is
or would be overdrawn by $50.00 or less, we will not charge an Overdraft Paid Fee.
ATM and Debit Card Overdraft Coverage Notication
What you need to know about overdraft and overdraft fees
You have a choice to make about your checking or money market account: Tell us if you want overdraft coverage
for ATM and debit card transactions.
ATM and Debit Card Overdraft Coverage Notication | 19
How does Overdraft Fee Forgiven work?
All consumer checking accounts (excluding Safe Debit Accounts) are eligible for U.S. Bank Overdraft Fee
Forgiven, which gives you extra time to bring your account to a zero or positive balance to waive those fees.
The Overdraft Fee Forgiven period starts the rst day the Available Balance becomes negative and you were
charged an Overdraft Paid Fee(s). U.S. Bank will review your account at the end of the Overdraft Fee Forgiven
period at 11 p.m. ET on the day we charge the Overdraft Paid Fee(s). If there are qualifying deposits and the
Available Balance* is at least $0, we will automatically waive the Overdraft Paid Fee(s).
*Excluding the Overdraft Paid Fee(s) and including immediate and same day deposits
If you have linked eligible Overdraft Protection accounts, and the negative Available Balance in your checking
account is $5.01 or more, the advance amount will transfer in multiples of $50. If however, the negative Available
Balance is $5.00 or less, the amount advanced will be $5.00. The Overdraft Protection Transfer Fee is waived
if the negative Available Balance in your checking account is $50.00 or less. Please note, if you have Overdraft
Protection and your account becomes overdrawn, Overdraft Protection funds will be accessed before the
account is eligible for Overdraft Fee Forgiven. Refer to Your Deposit Account Agreement, section titled “Overdraft
Protection Plans,” for additional information.
How do I say “yes” to ATM and Debit Card Overdraft Coverage?
If you want us to authorize and pay overdrafts on ATM and everyday debit card transactions as part of your
account’s standard overdraft coverage:
– Call 24-Hour Banking at 800-USBANKS (872-2657)
– Visit your local U.S. Bank branch
– Log in to the U.S. Bank online banking and select an account. You can manage your ATM and Debit Card
Overdraft Coverage election under Manage account.
– Log in to the U.S. Bank Mobile App and select an account. Click on Account options to manage your ATM and
Debit Card Overdraft Coverage election.
Change your mind?
You always have the right to change your choice by contacting us in one of the ways described above. A change
from “no” to “yes” may not be immediate.
How else can U.S. Bank help me avoid overdrafts?
To help you manage your account, we can alert you if your balance is low with a text message
2
or email. Please be
advised that these alerts may not be sent immediately. Sign up for this service by logging into your account
at usbank.com.
Additional information
For a comprehensive list of all pricing, ATM and Debit Card Overdraft Coverage terms and policies please see
the Consumer Pricing Information disclosure and Your Deposit Account Agreement. Deposit products oered by
U.S. Bank National Association.
1. Deposits that generally will qualify for Overdraft Fee Forgiven include: ACH and electronic deposits, cash deposits, wire transfers, ATM deposits at U.S. Bank
ATM, check deposits in branch and internal transfers from another U.S. Bank account. Deposits that generally will not qualify for Overdraft Fee Forgiven
include: Mobile check deposit, extended hold placed on a deposit and deposits into new accounts opened less than 30 days where funds are generally made
available the fth business day after the day of your deposit. Please see Your Deposit Account Agreement disclosure for more information.
2. For text alerts, standard messaging charges apply through your mobile carrier and message frequency depends on account settings.
Member FDIC. ©2022 U.S. Bank
Rev. 11/22
Consumer Pricing Information | 20
Personal Banking
Effective February 13, 2023
Something for everyone
All U.S. Bank personal checking accounts include:
– Mobile and online banking with free credit score access
2
– Mobile check deposit
3
– Bill pay
4
– Send money with Zelle
®5
– Email and text alerts
6
– U.S. Bank Visa
®
Debit Card
We’re ready to help 24 hours a day, 7 days a week – get in touch.
Branch and self-service
7
ATM locations
– Branches in more than 25 states
– One of the largest ATM networks in America
– Access your accounts at thousands of additional
partner
8
ATMs nationwide
– No surcharges at MoneyPass
®
Network ATMs
9
– Find a branch or ATM near you in the app or at
locations.usbank.com.
usbank.com
800-USBANKS (872-2657)
We accept relay calls.
Outside the U.S. 503-401-9991 (call collect)
Scan here with your mobile
device to download the
U.S. Bank Mobile App.
1. A minimum deposit of $25 is required to open a U.S. Bank personal checking account.
2. Free credit score access, alerts and Score Simulator through TransUnion’s CreditView Dashboard
®
are available to U.S. Bank online and mobile banking customers.
Alerts require a TransUnion database match. It is possible that some enrolled members may not qualify for the alert functionality. The free VantageScore
®
credit
score from TransUnion
®
is for educational purposes only and not used by U.S. Bank to make credit decisions.
3. Eligibility requirements and restrictions apply. Contact a U.S. Bank branch to obtain the Digital Services Agreement for more information.
4. Safe Debit accounts are not eligible for automatic payments or expedited delivery and can only pay billers listed in our system who accept electronic payment.
5. Must have a bank account in the U.S. to use Zelle
®
. Terms and conditions apply. Zelle
®
and the Zelle
®
related marks are wholly owned by Early Warning Services, LLC
and are used herein under license.
6. For text alerts, standard messaging charges apply through your mobile carrier and message frequency depends on account settings. Please be advised that the alerts
may not be sent immediately.
7. Self-service devices enable consumers to select and conduct banking services.
8. U.S. Bank has established alliances to expand ATM convenience. These partner ATMs display the U.S. Bank logo and are included in the denition of a U.S. Bank ATM.
9. ATM Transaction Fee. U.S. Bank will assess this fee for each ATM Transaction conducted at the Non-U.S. Bank ATM. Non-U.S. Bank ATMs are dened as any ATM that
does not display the U.S. Bank logo in any manner, physically on the ATM or digitally on the screen.
ATM Surcharge. Non-U.S. Bank ATM owners may apply a surcharge fee on ATM transactions at their ATMs. U.S. Bank participates in MoneyPass
®
, an ATM surcharge
free network. To nd MoneyPass ATM locations, select “Show MoneyPass
®
ATM Network locations” in the ATM locator https:// locations. usbank.com/search.html. If
you use an ATM that uses the MoneyPass
®
Network and are charged a surcharge fee, please contact us at 800-USBANKS (872-2657) for a refund of the surcharge fee.
Deposit products offered by U.S. Bank National Association. Member FDIC. Mortgage, home equity and credit products are offered by U.S. Bank National
Association and subject to credit approval. ©2022 U.S. Bank. The U.S. Bank Visa Debit Card is issued by U.S. Bank National Association pursuant to a license
from Visa U.S.A. Inc.
864204c
41862 02/23
Consumer Pricing Information
Consumer Pricing Information, Eective February 13, 2023 | 21
CHECKING ACCOUNT OPTIONS
– Send money with Zelle
®5
– Email and text alerts
6
– U.S. Bank Visa
®
Debit Card
U.S. BANK SMARTLY
TM
CHECKING SAFE DEBIT ACCOUNT1
Minimum Opening
Deposit
2
$25 $25
Monthly
Maintenance Fee
$6.95 $4.95
Requirement to
Waive Monthly
Maintenance Fee
No Monthly Maintenance Fee with one
of the following:
•
Combined monthly direct deposit
totaling $1,000+, or
•
Average account balance of $1,500
or greater,
3
or
•
Presence of an eligible U.S. Bank
credit card
4
Monthly Maintenance Fee
cannot be waived
Interest Tiers
5
less than $1,500
$1,500 to $9,999.99
$10,000 to $24,999.99
$25,000 to $49,999.99
$50,000 to $99,999.99
$100,000 to $249,999.99
$250,000 to $499,999.99
$500,000 and above
None
1. No checks issued/use of checks is not permitted. Safe Debit account subject to terms and conditions and fees and charges for select services. Please refer to the
U.S. Bank Safe Debit Account Terms and Conditions and Safe Debit Account Pricing and Information guide.
2. Accounts opened through online, mobile or phone banking must have an opening deposit, or the account will close after 30 days. Once the opening deposit has been
made, to keep an account open it must have a positive balance or deposit/withdrawal activity. An account will automatically close if it has a zero balance and no
deposit/withdrawal activity for four consecutive months.
3. The average account balance is calculated by adding the balance at the end of each calendar day in the statement period and dividing that sum by the total number of
calendar days within the statement period.
4. Qualifying accounts include U.S. Bank activated credit cards. Credit products are subject to eligibility requirements and normal credit approval and may be subject to
additional charges such as annual fees. No limitation on Bank Smartly checking accounts with this benet.
5. Variable rate account. Interest rates are determined at the bank’s discretion and can change at any time. Speak to a banker for current deposit rates, disclosures on
rates, compounding and crediting, and other balance information.
Consumer Pricing Information, Eective February 13, 2023 | 22
CHECKING ACCOUNT OPTIONS
(Continued)
U.S. BANK SMARTLY
TM
CHECKING SAFE DEBIT ACCOUNT1
ATM Transactions
•
No ATM transaction fees at U.S. Bank ATMs
•
Non-U.S. Bank ATM transaction fees apply
2
•
No ATM transaction fees at
U.S. Bank ATMs
•
Non-U.S. Bank ATM transaction
fees apply
2
Paper Statement Fee
•
$2.00 Paper Statement Fee
3
•
No Paper Statement Fee
3
Check Printing Fee
•
50% discount on initial box of personal checks
4
Additional Features
•
U.S. Bank Overdraft Fee Forgiven
5
•
Take 0.25% of your new first mortgage loan
amount and deduct it from the closing costs, up
to a maximum of $1,000
6
•
100 Free Trades
7
per calendar year with
a self-directed brokerage account, exclusively
through our affiliate, U.S. Bancorp Investments*
•
No checks
•
No overdraft fees
•
Discount on money orders
1. No checks issued/use of checks is not permitted. Safe Debit account subject to terms and conditions and fees and charges for select services. Please refer to the
U.S. Bank Safe Debit Account Terms and Conditions and Safe Debit Account Pricing and Information guide.
2. ATM Transaction Fee. U.S. Bank will assess this fee for each ATM Transaction conducted at the Non-U.S. Bank ATM. Non-U.S. Bank ATMs are dened as any ATM that
does not display the U.S. Bank logo in any manner, physically on the ATM or digitally on the screen.
ATM Surcharge. Non-U.S. Bank ATM owners may apply a surcharge fee on ATM transactions at their ATMs. U.S. Bank participates in MoneyPass
®
, an ATM surcharge
free network. To nd MoneyPass ATM locations, select “Show MoneyPass
®
ATM Network locations” in the ATM locator https:// locations. usbank.com/search.html.
If you use an ATM that uses the MoneyPass
®
Network and are charged a surcharge fee, please contact us at 800-USBANKS (872-2657) for a refund of the surcharge fee.
3. Additional fees may apply for statements with check images. For additional fee information see Miscellaneous Checking, Savings or Money Market Fees section. Check
images are available with paper or e-statements.
4. When changing existing checking options or customer group, check order discounts may not be immediately available, but will generally be available within ve business
days. Additional shipping fees may apply if expedited or shipped outside the continental United States.
5. Overdraft Fee Forgiven Program – Consumer checking accounts (excluding Safe Debit accounts) assessed an Overdraft Paid Fee may qualify for a fee waiver. The
Overdraft Fee Forgiven period starts the rst day your Available Balance becomes negative and you were charged an Overdraft Paid Fee(s). U.S. Bank will review your
account at the end of the Overdraft Fee Forgiven period (11 p.m. ET) and if your Available Balance (excluding the Overdraft Paid Fees and including immediate and same
day deposits), is at least $0 we will waive Overdraft Paid Fee(s) charged. Deposits that generally will qualify for Overdraft Fee Forgiven include: ACH and electronic
deposits, cash deposits, wire transfers, ATM deposits at U.S. Bank ATM, check deposits in branch and internal transfers from another U.S. Bank account. Deposits that
generally will not qualify for Overdraft Fee Forgiven include: Mobile check deposit, extended hold placed on a deposit and deposits into new accounts opened less than
30 days where funds are generally made available the fth business day after the day of your deposit. Refer to the Determining the Availability of a Deposit – All
Accounts section of Your Deposit Account Agreement for full funds availability details.
6. For purchase or renance transactions, the maximum credit is $1,000. Certain mortgages may not be eligible for stated credits. Offer may not be combined with any
other mortgage offers and can only be applied once per property within a 12-month period. To receive the U.S. Bank customer credit, a U.S. Bank Smartly™ Checking
account must be established prior to nal loan approval, or must have either an existing U.S. Bank Personal Checking Package or rst mortgage with U.S. Bank.
A minimum of $25 is required to open a U.S. Bank Smartly™ Checking account.
7. Offer is for 100 free trades per calendar year (Jan. 1-Dec. 31). Offer applies to online trades of equities and exchange-traded funds only and requires enrollment in
paperless documents for self-directed brokerage account. Free trades made available up to four business days from conrmation of account funding. This offer is not
designed to support day trading or active trading and may be revoked if there is excessive or unreasonable activity. Additional fees may apply. Please refer to the
Schedule of Commissions and Fees for more information at https://www.usbank.com/investing/online-investing/self-directed-investing/brokerage-fees.html.
Investment and Insurance products and services including annuities are:
NOT A DEPOSIT • NOT FDIC INSURED • MAY LOSE VALUE • NOT BANK GUARANTEED • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
*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 aliate of U.S. Bank.
Insurance products are available through various aliated non-bank insurance agencies, which are U.S. Bancorp subsidiaries. Products may not be available in all
states. CA Insurance License# OE24641.
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.
Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rates and
program terms are subject to change without notice. Visit usbank.com to learn more about U.S. Bank products and services. Mortgage, home equity and
credit products offered by U.S. Bank National Association and subject to credit approval. Deposit products offered by U.S. Bank National Association.
Member FDIC. ©2022 U.S. Bank. The U.S. Bank Visa Debit Card is issued by U.S. Bank National Association pursuant to a license from Visa U.S.A. Inc.
Consumer Pricing Information, Eective February 13, 2023 | 23
U.S. BANK SMARTLY
TM
CHECKING SAFE DEBIT ACCOUNT1
ATM Transactions
•
No ATM transaction fees at U.S. Bank ATMs
•
Non-U.S. Bank ATM transaction fees apply
2
•
No ATM transaction fees at
U.S. Bank ATMs
•
Non-U.S. Bank ATM transaction
fees apply
2
Paper Statement Fee
•
$2.00 Paper Statement Fee
3
•
No Paper Statement Fee
3
Check Printing Fee
•
50% discount on initial box of personal checks
4
Additional Features
•
U.S. Bank Overdraft Fee Forgiven
5
•
Take 0.25% of your new first mortgage loan
amount and deduct it from the closing costs, up
to a maximum of $1,000
6
•
100 Free Trades
7
per calendar year with
a self-directed brokerage account, exclusively
through our affiliate, U.S. Bancorp Investments*
•
No checks
•
No overdraft fees
•
Discount on money orders
U.S. Bank Smart Rewards
TM
(U.S. Bank Smartly
TM
Checking only, Safe Debit is not eligible)
The U.S. Bank Smart Rewards offers unique benefits
based on your relationship with U.S. Bank, driven by the
amount of qualifying deposits and/or investment balances
from our affiliate U.S. Bancorp Investments* and Personal
Trust
1
balances you have. Benefits may include waivers
of common fees as well as discounts on other
U.S. Bank products.
Qualifying Consumer Deposits, U.S. Bancorp
Investments* and Personal Trust Accounts1
Qualifying balances include consumer accounts where
the account is open and you are an account owner.
Note: Balances in business and commercial accounts
do not qualify.
•
Checking account(s)
•
Money Market savings account(s)
•
Savings account(s)
•
CDs and/or IRAs
•
U.S. Bancorp Investments*
•
Personal Trust Accounts
How it works
•
To enroll in Smart Rewards, you must have a Bank Smartly
Checking account. Enrollment is required to participate in
Smart Rewards. You can enroll through online and mobile
banking, 24-Hour Banking, or by visiting your local branch.
If you choose not to enroll in the program you will not be
eligible for the benefits included in the Smart Rewards
Tiers and Benefits grid as defined on pages 24 and 25.
–
If you qualify for any of the following customer groups
you will be automatically enrolled in the program:
Military (requires self-disclosure), Senior, Youth, Young
Adult and Alliance.
2
If you are a part of a customer
group, see the Customer Group Benefits section for
a list of automatically applied benefits. If you qualify
for more than one customer group, you will receive
benefits from all the applicable customer groups. If there
is an overlap in the benefit category, the highest value
benefits will be automatically applied.
•
There is no cost for the program, and you may unenroll
from the program at any time using the same channels for
enrollment (described above).
•
If all qualifying Bank Smartly Checking accounts are
closed or you are no longer an account owner, you will not
be eligible for Smart Rewards.
Earn More Benefits - Rewards Tier Reviews
•
Tier reviews occur to appropriately assign your account
into a tier based on your relationship with U.S. Bank, driven
by qualifying balances, credit product relationships or any
relevant customer group qualifications.
•
Your initial review will be based on your total qualifying
balance the business day after your consumer checking
account is enrolled in Smart Rewards.
•
Ongoing reviews occur after the end of every month to
determine if an account qualifies for a tier upgrade.
The monthly average balance for each qualifying account
will be calculated by totaling the daily end of day balances
then dividing by the number of days in the month (or
days since account opening within the month). Up to
three months of average monthly balances for each
account will be added together and then divided by the
number of months to calculate the combined monthly
average balance for the account. The combined monthly
average balance for all accounts will be added together to
determine the balance used to qualify for the tier.
The Smart Rewards Tiers and Benefits grid on pages 24
and 25 shows the tier assignments by qualifying balance.
•
After the end of each calendar year, the combined
monthly average balance for each account will be
calculated using up to 12 months of balances. The
combined monthly average balance for all qualifying
accounts will be added together to determine the balance
used for the tier assignment. The annual review may
lead to a tier upgrade or downgrade. The annual review
balance will be compared to the balance calculated from
the December monthly review and the balance resulting in
the highest tier placement will be used.
•
Reviews associated with the customer groups are ongoing
(daily) and upgraded benefits will generally occur within
five business days. If your customer group changes for
any reason, this may impact your tier (upgrade or
downgrade) and/or any benefits outside of the standard
annual reviews.
•
U.S. Bank will notify you if your tier is changing (upgrade
or downgrade).
1. 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 benet: IRAs,
Agency accounts, Revocable Trust accounts and Custody accounts.
2. Military group requires notication to U.S. Bank to enact the status and is inclusive of both current and former members. Youth, Young Adult, and Senior groups will
automatically be applied based on birth date. Applicable ages; Youth (13-17), Young Adult (18-24), and Senior (65 or over).
Investment and Insurance products and services including annuities are:
NOT A DEPOSIT • NOT FDIC INSURED • MAY LOSE VALUE • NOT BANK GUARANTEED • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
*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 aliate of U.S. Bank. Insurance
products are available through various aliated non-bank insurance agencies, which are U.S. Bancorp subsidiaries. Products may not be available in all states. CA
Insurance License# OE24641.
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.
Mortgage, home equity and credit products offered by U.S. Bank National Association and subject to credit approval. Deposit products offered by U.S. Bank
National Association. Member FDIC. ©2022 U.S. Bank
Consumer Pricing Information, Eective February 13, 2023 | 24
U.S. Bank Smart Rewards
TM
(U.S. Bank Smartly
TM
Checking only, Safe Debit is not eligible), Continued
Additional Information
•
Application of benefits: After you enroll and upon monthly tier reviews, benefit changes will generally occur within
five business days. For tier downgrades or loss of a customer group you will generally have two months before the
change occurs.
•
Qualification for benefits is at a customer level, and then are applied to the impacted products you own.
–
If you have a joint account, the highest tier across account owners will be applied to the joint account.
–
In the event of a change to a customer tier, notices of changes will only be provided to the customer with the change.
This means an account you own jointly may be impacted and you may not receive notice of the change. You may
check the tier of any deposit account online, by calling 24-Hour Banking, or by contacting your local branch.
•
A tier or customer group change for any account owner may have potential impact to account benefits for all
account owners.
SMART REWARDS TIERS AND BENEFITS
1. Variable rate account. Interest rates are determined at the bank’s discretion and can change at any time. Speak to a banker for current deposit rates, disclosures on
rates, compounding and crediting, and other balance information.
2. ATM Transaction Fee. U.S. Bank will assess this fee for each ATM Transaction conducted at the Non-U.S. Bank ATM. Non-U.S. Bank ATMs are dened as any ATM
that does not display the U.S. Bank logo in any manner, physically on the ATM or digitally on the screen.
ATM Surcharge. Non-U.S. Bank ATM owners may apply a surcharge fee on ATM transactions at their ATMs. U.S. Bank participates in MoneyPass
®
, an ATM surcharge
free network. To nd MoneyPass ATM locations, select “Show MoneyPass
®
ATM Network locations” in the ATM locator https:// locations. usbank.com/search.html. If
you use an ATM that uses the MoneyPass
®
Network and are charged a surcharge fee, please contact us at 800-USBANKS (872-2657) for a refund of the surcharge fee.
3. When changing checking account types, corresponding Non-U.S. Bank ATM transaction fee waivers will become available on the rst day of the next statement cycle.
ATM transaction fee waivers are only applicable for your U.S. Bank Smartly Checking accounts.
Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rates and
program terms are subject to change without notice. Visit usbank.com to learn more about U.S. Bank products and services. Mortgage, home equity and credit
products offered by U.S. Bank National Association and subject to credit approval. Deposit products offered by U.S. Bank National Association. Member FDIC.
©2022 U.S. Bank
PRIMARY PLUS PREMIUM PINNACLE
Tier Balance Qualification
$20,000 - $49,999.99 $50,000 - $99,999.99
$100,000 -
$249,999.99
$250,000
or more
Credit Account
Qualification
Presence of a U.S. Bank
home mortgage, home
equity loans, home equity
lines of credit or unsecured
personal loans (excluding
student loans, Simple Loans
and U.S. Bank credit cards)
U.S. Bank Smartly Checking
Monthly Maintenance Fee
$6.95 - waived
Interest Tiers
less than $1,500
$1,500 to $9,999.99
$10,000 to $24,999.99
$25,000 to $49,999.99
$50,000 to $99,999.99
$100,000 to $249,999.99
$250,000 to $499,999.99
$500,000 and above
ATM Transactions
No ATM transaction fees at U.S. Bank ATMs
Non-U.S. Bank ATM Fee
charged by U.S. Bank
2,3
ATM transaction fees
waived on first two
Non-U.S. Bank ATM
transactions per statement
period (Non-U.S. Bank
ATM transaction fees apply
after two)
ATM transaction fees
waived on first four
Non-U.S. Bank ATM
transactions per
statement period
(Non-U.S. Bank ATM
transaction fees apply
after four)
All ATM transaction fees
waived for Non-U.S. Bank
ATM transactions
Consumer Pricing Information, Eective February 13, 2023 | 25
U.S. Bank Smart Rewards
TM
(U.S. Bank Smartly
TM
Checking only, Safe Debit is not eligible), Continued
•
Application of benefits: After you enroll and upon monthly tier reviews, benefit changes will generally occur within
five business days. For tier downgrades or loss of a customer group you will generally have two months before the
change occurs.
•
Qualification for benefits is at a customer level, and then are applied to the impacted products you own.
–
If you have a joint account, the highest tier across account owners will be applied to the joint account.
–
In the event of a change to a customer tier, notices of changes will only be provided to the customer with the change.
This means an account you own jointly may be impacted and you may not receive notice of the change. You may
check the tier of any deposit account online, by calling 24-Hour Banking, or by contacting your local branch.
•
A tier or customer group change for any account owner may have potential impact to account benefits for all
account owners.
SMART REWARDS TIERS AND BENEFITS
(Continued)
1. Additional fees may apply for statements with check images. For additional fee information see Miscellaneous Checking, Savings or Money Market Fees section.
Check images are available with paper or e-statements.
2. When changing existing checking options or customer group, check order discounts may not be immediately available, but will generally be available within ve
business days. Additional shipping fees may apply if expedited or shipped outside the continental United States.
3. Overdraft Fee Forgiven Program – Consumer checking accounts (excluding Safe Debit accounts) assessed an Overdraft Paid Fee may qualify for a fee waiver. The
Overdraft Fee Forgiven period starts the rst day your Available Balance becomes negative and you were charged an Overdraft Paid Fee(s). U.S. Bank will review your
account at the end of the Overdraft Fee Forgiven period (11 p.m. ET) and if your Available Balance (excluding the Overdraft Paid Fees and including immediate and
same day deposits), is at least $0 we will waive Overdraft Paid Fee(s) charged. Deposits that generally will qualify for Overdraft Fee Forgiven include: ACH and
electronic deposits, cash deposits, wire transfers, ATM deposits at U.S. Bank ATM, check deposits in branch and internal transfers from another U.S. Bank account.
Deposits that generally will not qualify for Overdraft Fee Forgiven include: Mobile check deposit, extended hold placed on a deposit and deposits into new accounts
opened less than 30 days where funds are generally made available the fth business day after the day of your deposit. Refer to the Determining the Availability of a
Deposit – All Accounts section of Your Deposit Account Agreement for full funds availability details.
4. If you have linked eligible accounts, and the negative Available Balance in your checking account is $5.01 or more, the advance amount will transfer in multiples of
$50.00. If, however, the negative Available Balance is $5.00 or less, the amount advanced will be $5.00. The Overdraft Protection Transfer Fee is waived if the negative
Available Balance in your checking account is $50.00 or less. Please note, if you have Overdraft Protection and your account becomes overdrawn, Overdraft Protection
funds will be accessed before the account is eligible for Overdraft Fee Forgiven. Refer to Your Deposit Account Agreement, section titled Overdraft Protection Plans, for
additional information.
Deposit products offered by U.S. Bank National Association. Member FDIC. Mortgage, home equity and credit products offered by U.S. Bank National Association
and subject to credit approval. ©2022 U.S. Bank
PRIMARY PLUS PREMIUM PINNACLE
Tier Balance Qualification
$20,000 - $49,999.99 $50,000 - $99,999.99
$100,000 -
$249,999.99
$250,000
or more
Credit Account
Qualification
Presence of a U.S. Bank
home mortgage, home
equity loans, home equity
lines of credit or unsecured
personal loans (excluding
student loans, Simple Loans
and U.S. Bank credit cards)
U.S. Bank Smartly Checking
Monthly Maintenance Fee
$6.95 - waived
Interest Tiers
less than $1,500
$1,500 to $9,999.99
$10,000 to $24,999.99
$25,000 to $49,999.99
$50,000 to $99,999.99
$100,000 to $249,999.99
$250,000 to $499,999.99
$500,000 and above
ATM Transactions
No ATM transaction fees at U.S. Bank ATMs
Non-U.S. Bank ATM Fee
charged by U.S. Bank
2,3
ATM transaction fees
waived on first two
Non-U.S. Bank ATM
transactions per statement
period (Non-U.S. Bank
ATM transaction fees apply
after two)
ATM transaction fees
waived on first four
Non-U.S. Bank ATM
transactions per
statement period
(Non-U.S. Bank ATM
transaction fees apply
after four)
All ATM transaction fees
waived for Non-U.S. Bank
ATM transactions
PRIMARY PLUS PREMIUM PINNACLE
Non-U.S. Bank ATM
Surcharge charged by
ATM Owner
First fee
reimbursed
(one per
statement period)
First fees reimbursed
(up to four per
statement period)
Fees reimbursed
(unlimited)
Paper Statement Fee
$2.00 Paper Statement Fee is waived.
Fee Waiver Benet
Unlimited waivers on fees
assessed for the following:
•
Counter Checks
•
Personal Money Orders
•
Cashier’s Checks
•
Stop Payments
•
Photocopy of Statements
One Wire Transfer Fee is
waived per statement period
Unlimited waivers on fees
assessed for the following:
•
Counter Checks
•
Personal Money Orders
•
Cashier’s Checks
•
Stop Payments
•
Photocopy of Statements
•
Wire Transfers
Check Printing Fee 50% discount on initial box of
personal checks
2
50% discount on initial box of personal checks
50% discount on re-orders (U.S. Bank logo or personal)
2
Overdraft Benets
•
Overdraft Fee Forgiven
3
•
Overdraft Protection Transfer
Fees waived
4
•
Overdraft Fee Forgiven
3
•
Overdraft Protection
Transfer Fees waived
4
•
One Overdraft Paid
Fee waived per
statement period
•
Overdraft Fee Forgiven
3
•
Overdraft Protection
Transfer Fees waived
4
•
All Overdraft Paid
Fees waived
Consumer Pricing Information, Eective February 13, 2023 | 26
OTHER PRODUCT BENEFITS
1. Variable rate account. Interest rates are determined at the bank’s discretion and can change at any time. Speak to a banker for current deposit rates, disclosures on
rates, compounding and crediting, and other balance information. The interest rate Lift is calculated by taking your current interest rate and multiplying it by the
interest rate Lift. This gets the interest rate Lift amount, which is added on top of the current interest rate. The interest rate Lift applies to standard rates only, it is
not applicable for special or promotional rates. Savings interest rate Lift applies to Standard Savings only.
2. Maintaining an open U.S. Bank Smartly
TM
Checking account is required to waive the IRA annual fee.
3. Newly enrolled Smart Rewards customers will not be immediately eligible for Safe Deposit Box discounts. Eligibility will occur when a Smart Rewards tier is
assigned, generally ve business days after enrollment.
4. For purchase or renance transactions, the maximum credit is $1,000. Certain mortgages may not be eligible for stated credits. Offer may not be combined with any
other mortgage offers and can only be applied once per property within a 12-month period. To receive the U.S. Bank customer credit, a U.S. Bank Smartly™ Checking
account must be established prior to nal loan approval, or must have either an existing U.S. Bank Personal Checking Package or rst mortgage with U.S. Bank.
A minimum of $25 is required to open a U.S. Bank Smartly™ Checking account.
5. Offer is for 100 free trades per calendar year (Jan. 1-Dec. 31). Offer applies to online trades of equities and exchange-traded funds only and requires enrollment in
paperless documents for self-directed brokerage account. To receive the free trades, a U.S. Bank Smartly
TM
Checking account must be established. Free trades
made available up to four business days from conrmation of account funding. This offer is not designed to support day trading or active trading and may be
revoked if there is excessive or unreasonable activity. Additional fees may apply. Please refer to the Schedule of Commissions and Fees for more information at
https://www.usbank.com/investing/online -investing/self-directed-investing/brokerage-fees.html.
6. To schedule your complimentary virtual consultation, make an appointment online at usbank.com/advisorycenter or call 888-620-8770. U.S. Bank, U.S. Bancorp
Investments and its representatives do not provide tax or legal advice. Your tax and nancial situation is unique. You should consult your tax and/or legal advisor for
advice and information concerning your particular situation. The complimentary virtual consultation is available to customers outside the Rewards Program.
7. To schedule your complimentary nancial consultation, nd an advisor near you at usbank.com/advisor or call 888-620-8770. U.S. Bank, U.S. Bancorp Investments
and its representatives do not provide tax or legal advice. Your tax and nancial situation is unique. You should consult your tax and/or legal advisor for advice and
information concerning your particular situation. The complimentary nancial consultation is available to customers outside the Rewards Program.
Investment and Insurance products and services including annuities are:
NOT A DEPOSIT • NOT FDIC INSURED • MAY LOSE VALUE • NOT BANK GUARANTEED • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
*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 aliate of U.S. Bank.
Insurance products are available through various aliated non-bank insurance agencies, which are U.S. Bancorp subsidiaries. Products may not be available in all
states. CA Insurance License# OE24641.
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.
Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rates and program
terms are subject to change without notice. Visit usbank.com to learn more about U.S. Bank products and services. Mortgage, home equity and credit products offered
by U.S. Bank National Association and subject to credit approval. Deposit products offered by U.S. Bank National Association. Member FDIC. ©2022 U.S. Bank
PRIMARY PLUS PREMIUM PINNACLE
Savings or Money
Market Account
Monthly Maintenance Fee waived on all Standard Savings
or Elite Money Market accounts
Standard Savings
Interest Rate Lift
5.00% of the
standard interest rate
10.00% of the
standard interest rate
15.00% of the standard
interest rate
IRA Annual Plan
2
Annual Fee Waiver
Safe Deposit Discount
50% off annual Safe Deposit Box rental fee
3
Mortgage Origination
Credit Benets
4
Take 0.25% of your new first mortgage loan amount and
deduct it from the closing costs, up to a maximum of $1,000
4
Online Investing
100 Free Trades
5
per calendar year with a self-directed brokerage
account, exclusively through our affiliate, U.S. Bancorp Investments*
Financial Consultation
Complimentary virtual financial consultation
with the Wealth Management Advisory Center
6
Complimentary
financial consultation
with a Wealth
Management Advisor
or Banker
7
Consumer Pricing Information, Eective February 13, 2023 | 27
CUSTOMER GROUP BENEFITS
CUSTOMER GROUP BENEFITS
Military
•
Automatic enrollment in minimum tier of Plus
•
The following fees will have unlimited waivers: Cashier’s Check Fee*, Personal Money
Orders*, Stop Payment Fee
•
50% off annual Safe Deposit Box rental fee*
•
50% discount on personal check re-orders (U.S. Bank logo or personal)
2
•
If you obtained your U.S. Bank mortgage, loan, line of credit, or credit card prior to being
called to active duty, the Servicemembers Civil Relief Act (SCRA) allows a cap of 6% on the
interest rate and a waiver of all fees while you are on active military duty. Contact the
Military Service Center at 800-934-9555 to request this benefit.
•
Learn more about how we serve those who serve their country at usbank.com/military
Senior
(ages 65 or over)
•
Waiver of Monthly Maintenance Fee on Bank Smartly Checking
•
Waive Paper Statement Fee
•
Waive for Paper Statements with Check Images
•
50% off annual Safe Deposit Box rental fee*
•
50% discount on personal check re-orders (U.S. Bank logo or personal)
2
Young Adult
(ages 18-24)
•
Waiver of Monthly Maintenance Fee on Bank Smartly Checking
•
ATM transaction fees waived on first four Non-U.S. Bank ATM transactions per statement
period (Non-U.S. Bank ATM fees apply after four transactions)
3,4
•
Two incoming International Wire Transfer Fees waived per Bank Smartly Checking
statement period
•
Waiver of Monthly Maintenance Fee on new U.S. Bank Standard Savings accounts, for
six months from the savings account open date; no limit*
Youth
(ages 13-17)
•
Waiver of Monthly Maintenance Fee on Bank Smartly Checking
•
Waiver of Monthly Maintenance Fee on all U.S. Bank Standard Savings accounts; no limit*
•
ATM transaction fees waived on first four Non-U.S. Bank ATM transactions per statement
period (Non-U.S. Bank ATM fees apply after four transactions)
3,4
Alliance
(including State Farm
®
)
•
Automatic minimum tier of Primary
•
ATM transaction fees waived on first four Non-U.S. Bank ATM transactions per statement
period (Non-U.S. Bank ATM fees apply after four transactions)
3,4
•
Waiver of Monthly Maintenance Fee on all new U.S. Bank Elite Money Market accounts, for
twelve months from the money market account open date; no limit*
1. Additional fees may apply for statements with check images. For additional fee information see Miscellaneous Checking, Savings or Money Market Fees section. Check
images are available with paper or e-statements.
2. When changing existing checking options or customer group, check order discounts may not be immediately available, but will generally be available within ve business
days. Additional shipping fees may apply if expedited or shipped outside the continental United States.
3. ATM Transaction Fee. U.S. Bank will assess this fee for each ATM Transaction conducted at the Non-U.S. Bank ATM. Non-U.S. Bank ATMs are dened as any ATM that
does not display the U.S. Bank logo in any manner, physically on the ATM or digitally on the screen.
ATM Surcharge. Non-U.S. Bank ATM owners may apply a surcharge fee on ATM transactions at their ATMs. U.S. Bank participates in MoneyPass
®
, an ATM surcharge
free network. To nd MoneyPass ATM locations, select “Show MoneyPass
®
ATM Network locations” in the ATM locator https:// locations. usbank.com/search.html. If
you use an ATM that uses the MoneyPass
®
Network and are charged a surcharge fee, please contact us at 800-USBANKS (872-2657) for a refund of the surcharge fee.
4. When changing checking account types, corresponding Non-U.S. Bank ATM transaction fee waivers will become available on the rst day of the next statement cycle.
ATM transaction fee waivers are only applicable for your U.S. Bank Smartly Checking accounts.
Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rates and program
terms are subject to change without notice. Visit usbank.com to learn more about U.S. Bank products and services. Mortgage, home equity and credit products offered
by U.S. Bank National Association and subject to credit approval. Deposit products offered by U.S. Bank National Association. Member FDIC. ©2022 U.S. Bank.
The U.S. Bank Visa Debit Card is issued by U.S. Bank National Association pursuant to a license from Visa U.S.A. Inc.
PRIMARY PLUS PREMIUM PINNACLE
Savings or Money
Market Account
Monthly Maintenance Fee waived on all Standard Savings
or Elite Money Market accounts
Standard Savings
Interest Rate Lift
5.00% of the
standard interest rate
10.00% of the
standard interest rate
15.00% of the standard
interest rate
IRA Annual Plan
2
Annual Fee Waiver
Safe Deposit Discount
50% off annual Safe Deposit Box rental fee
3
Mortgage Origination
Credit Benets
4
Take 0.25% of your new first mortgage loan amount and
deduct it from the closing costs, up to a maximum of $1,000
4
Online Investing
100 Free Trades
5
per calendar year with a self-directed brokerage
account, exclusively through our affiliate, U.S. Bancorp Investments*
Financial Consultation
Complimentary virtual financial consultation
with the Wealth Management Advisory Center
6
Complimentary
financial consultation
with a Wealth
Management Advisor
or Banker
7
*A Bank Smartly Checking account and/or Smart Rewards enrollment are not required to qualify for these benets.
Consumer Pricing Information, Eective February 13, 2023 | 28
CUSTOMER GROUP BENEFITS
(Continued)
CUSTOMER GROUP BENEFITS
Wealth Management
•
Premier service including:
–
Access to a dedicated team of wealth professionals with planning, investment* and
banking expertise
–
Dedicated concierge phone support
–
Market and economic updates
–
Exclusive event invitations
•
Access to custom lending solutions, including Liquid Asset Secured lines of credit
•
Higher money movement limits
•
Immediate access to your funds
2
•
Complimentary Wealth Management-branded personal checks
5
Workplace Banking
•
ATM transaction fees waived on first two Non-U.S. Bank ATM transactions per statement
period (Non-U.S. Bank ATM fees apply after two transactions)
3,4
•
50% discount on personal check re-orders (U.S. Bank logo or personal)
5
•
50% off annual Safe Deposit Box rental fee**
1. For banking clients of U.S. Bank Wealth Management, Private Wealth Management or Ascent Private Capital Management.
2. For more information, refer to Your Deposit Account Agreement, in the section titled Funds Availability.
3. ATM Transaction Fee. U.S. Bank will assess this fee for each ATM Transaction conducted at the Non-U.S. Bank ATM. Non-U.S. Bank ATMs are dened as any ATM
that does not display the U.S. Bank logo in any manner, physically on the ATM or digitally on the screen.
ATM Surcharge. Non-U.S. Bank ATM owners may apply a surcharge fee on ATM transactions at their ATMs. U.S. Bank participates in MoneyPass
®
, an ATM surcharge
free network. To nd MoneyPass ATM locations, select “Show MoneyPass
®
ATM Network locations” in the ATM locator https:// locations. usbank.com/search.html.
If you use an ATM that uses the MoneyPass
®
Network and are charged a surcharge fee, please contact us at 800-USBANKS (872-2657) for a refund of the
surcharge fee.
4. When changing checking account types, corresponding Non-U.S. Bank ATM transaction fee waivers will become available on the rst day of the next statement
cycle. ATM transaction fee waivers are only applicable for your U.S. Bank Smartly Checking accounts.
5. When changing existing checking options or customer group, check order discounts may not be immediately available, but will generally be available within ve
business days. Additional shipping fees may apply if expedited or shipped outside the continental United States.
Investment and Insurance products and services including annuities are:
NOT A DEPOSIT • NOT FDIC INSURED • MAY LOSE VALUE • NOT BANK GUARANTEED • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
*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 aliate of U.S. Bank.
Insurance products are available through various aliated non-bank insurance agencies, which are U.S. Bancorp subsidiaries. Products may not be available in all
states. CA Insurance License# OE24641.
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.
Deposit products offered by U.S. Bank National Association. Member FDIC. Mortgage, home equity and credit products offered by U.S. Bank National
Association and subject to credit approval. ©2022 U.S. Bank. The U.S. Bank Visa Debit Card is issued by U.S. Bank National Association pursuant to a
license from Visa U.S.A. Inc.
**A Bank Smartly Checking account and/or Smart Rewards enrollment are not required to qualify for these benets.
Consumer Pricing Information, Eective February 13, 2023 | 29
CUSTOMER GROUP BENEFITS
Wealth Management
•
Premier service including:
–
Access to a dedicated team of wealth professionals with planning, investment* and
banking expertise
–
Dedicated concierge phone support
–
Market and economic updates
–
Exclusive event invitations
•
Access to custom lending solutions, including Liquid Asset Secured lines of credit
•
Higher money movement limits
•
Immediate access to your funds
2
•
Complimentary Wealth Management-branded personal checks
5
Workplace Banking
•
ATM transaction fees waived on first two Non-U.S. Bank ATM transactions per statement
period (Non-U.S. Bank ATM fees apply after two transactions)
3,4
•
50% discount on personal check re-orders (U.S. Bank logo or personal)
5
•
50% off annual Safe Deposit Box rental fee**
SAVINGS ACCOUNT OPTIONS
ELITE MONEY MARKET STANDARD SAVINGS
Minimum Opening
Deposit
$100 $25
Monthly
Maintenance Fee
$10 $4
Requirement to
Waive Monthly
Maintenance Fee
$10,000 minimum
daily balance
3
•
$300 minimum daily balance,
3
or
•
$1,000 average monthly collected balance,
4
or
•
Account holder(s) age 12 or younger
5
Interest Tiers
2
less than $10,000
$10,000 to $24,999.99
$25,000 to $49,999.99
$50,000 to $99,999.99
$100,000 to $499,999.99
$500,000 and above
Single Tier
ATM Transactions
•
No ATM transaction fees at U.S. Bank ATMs
•
Non-U.S. Bank ATM transaction fees apply
6
•
No ATM transaction fees at U.S. Bank ATMs
•
Non-U.S. Bank ATM transaction fees apply
6
1. Accounts opened through online, mobile or phone banking must have an opening deposit or the account will close after 30 days. Once the opening deposit has been
made, to keep an account open it must have a positive balance or deposit/withdrawal activity. An account will automatically close if it has a zero balance and no
deposit/withdrawal activity for four consecutive months.
2. Variable rate account. Interest rates are determined at the bank’s discretion and can change at any time. Speak to a banker for current deposit rates, disclosures on
rates, compounding and crediting, and other balance information.
3. The daily balance is the balance at the end of each business day, equal to the beginning balance for that day plus the current business day credits, minus the current
business day debits. Business days are Monday through Friday; federal holidays are not included.
4. The average monthly collected balance is calculated by adding the principal in the account for each calendar day in the statement period and dividing that gure by the
total number of calendar days in the statement period.
5. Account will be assessed the Monthly Maintenance Fee when the account holder reaches 18 years of age. Account holder(s) age 13-17 will receive the monthly
maintenance fee waiver under the Youth customer group. In the event the account holder is not currently a signer on the account the account holder must visit a
branch with the custodian/guardian on the account to gain authority to access account funds.
6. ATM Transaction Fee. U.S. Bank will assess this fee for each ATM Transaction conducted at the Non-U.S. Bank ATM. Non-U.S. Bank ATMs are dened as any ATM that
does not display the U.S. Bank logo in any manner, physically on the ATM or digitally on the screen.
ATM Surcharge. Non-U.S. Bank ATM owners may apply a surcharge fee on ATM transactions at their ATMs. U.S. Bank participates in MoneyPass
®
, an ATM surcharge
free network. To nd MoneyPass ATM locations, select “Show MoneyPass
®
ATM Network locations” in the ATM locator https:// locations. usbank.com/search.html. If
you use an ATM that uses the MoneyPass
®
Network and are charged a surcharge fee, please contact us at 800-USBANKS (872-2657) for a refund of the surcharge fee.
Other conditions and restrictions may apply. Terms may change without notice. Mortgage, home equity and credit products offered by U.S. Bank National
Association and subject to credit approval. Deposit products offered by U.S. Bank National Association. Member FDIC. ©2022 U.S. Bank
Consumer Pricing Information, Eective February 13, 2023 | 30
MISCELLANEOUS CHECKING, SAVINGS OR MONEY MARKET FEES
Account Charge-O Processing Fee $30.00
ATM and Debit Card Fees
ATM Transaction means each withdrawal, balance inquiry, denied transaction, funds transfer or deposit.
U.S. Bank ATM1 Transaction no charge
Non-U.S. Bank ATM Transaction
2
$2.50
Mini Statement at U.S. Bank ATM $1.00
Full Statement at U.S. Bank ATM $1.50
International Processing Fee – U.S. Dollars 3% of transaction
International Processing Fee – Intl Currency 3% of transaction
Debit Card Cash Advance Fee
3
$2.00
Express Delivery Fee – new or replacement card (2-3 business days) no fee
Check Collection (incoming/outgoing) $30.00 + direct cost
Counter Checks $2.00 per check
Dormant Account (per month)* $5.00
*Unless excluded by account type or prohibited or restricted by state law.
Overdraft Paid Fee
4
Item Amount
$5.00 or less no fee*
$5.01 or greater $36.00 per item*
*Fees are limited to a daily maximum of four Overdraft Paid Fees per day.
If your Available Balance at the end of the business day is negative by
$50.00 or less, no Overdraft Paid Fee will be charged.
Overdraft Returned Item no fee
Extended Overdraft Fee no fee
1. U.S. Bank ATMs are physically and/or digitally branded. Digitally branded ATMs can be identied with the U.S. Bank logo displayed on the ATM or promotional screen.
2. ATM Transaction Fee. U.S. Bank will assess this fee for each ATM Transaction conducted at the Non-U.S. Bank ATM. Non-U.S. Bank ATMs are dened as any ATM
that does not display the U.S. Bank logo in any manner, physically on the ATM or digitally on the screen.
ATM Surcharge. Non-U.S. Bank ATM owners may apply a surcharge fee on ATM transactions at their ATMs. U.S. Bank participates in MoneyPass
®
, an ATM surcharge
free network. To nd MoneyPass ATM locations, select “Show MoneyPass
®
ATM Network locations” in the ATM locator https:// locations. usbank.com/search.html.
If you use an ATM that uses the MoneyPass
®
Network and are charged a surcharge fee, please contact us at 800-USBANKS (872-2657) for a refund of the
surcharge fee.
3. $2.00 per advance assessed when performing a cash advance at any nancial institution that accepts Visa
®
.
4. In the event the Available Balance at the end of the business day is or would be overdrawn $50.01 or more and the transaction paid is $5.01 or more, an Overdraft Paid
Fee may be assessed for each item. In the event the Available Balance at the end of the business day is or would be overdrawn $50.00 or less, a fee will not be
assessed. U.S. Bank limits the number of charges to a daily maximum of four Overdraft Paid Fees per day, no matter how many items we pay on your behalf.
Deposit products are offered by U.S. Bank National Association. Member FDIC. ©2022 U.S. Bank. The U.S. Bank Visa Debit Card is issued by U.S. Bank National
Association pursuant to a license from Visa U.S.A. Inc.
Consumer Pricing Information, Eective February 13, 2023 | 31
MISCELLANEOUS CHECKING, SAVINGS OR MONEY MARKET FEES, Continued
U.S. Bank Overdraft Fee Forgiven
All consumer checking accounts (excluding Safe Debit accounts) are eligible to have Overdraft Paid Fee(s)
waived with qualifying deposits. The Overdraft Fee Forgiven period starts the rst day the Available Balance
becomes negative and you were charged an Overdraft Paid Fee(s). U.S. Bank will review your account for a
fee waiver at 11 p.m. ET on the business day we charge the Overdraft Paid Fee(s).
Available Balance* at 11 p.m. ET is $0 or more Overdraft Paid Fee(s) waived
*Excluding the Overdraft Paid Fee(s) and including immediate
and same day deposits.
Overdraft Protection Transfer Fee
2
$12.50*
(when a transfer is made from an eligible linked credit account
3
)
*If the amount advanced is $50.00 or less, no Overdraft Protection Transfer Fee
will be charged. No Overdraft Protection Transfer Fee(s) will be charged for
transfers from linked deposit accounts.
Photocopy Requests
Copy of Check, or other items $2.00 per item
Copy of Statement $6.00 per statement
Returned Deposited Item or Cashed Check $19.00 per item
Statement Fees (Per Statement Period) – U.S. Bank Smartly™ Checking
Paper Statements with Check Images
4
$2.00
Paper Statement $2.00
1. Deposits that generally will qualify for Overdraft Fee Forgiven include: ACH and electronic deposits, cash deposits, wire transfers, ATM deposits at U.S. Bank ATM,
check deposits in branch and internal transfers from another U.S. Bank account. Deposits that generally will not qualify for Overdraft Fee Forgiven include: Mobile
check deposit, extended hold placed on a deposit and deposits into new accounts opened less than 30 days where funds are generally made available the fth
business day after the day of your deposit. Refer to the Determining the Availability of a Deposit – All Accounts section of Your Deposit Account Agreement for full
funds availability details.
2. If you have linked eligible accounts, and the negative Available Balance in your checking account is $5.01 or more, the advance amount will transfer in multiples of $50.
If however, the negative Available Balance is $5.00 or less, the amount advanced will be $5.00. The Overdraft Protection Transfer Fee is waived if the negative Available
Balance in your checking account is $50.00 or less. Please note, if you have Overdraft Protection and your account becomes overdrawn, Overdraft Protection funds will
be accessed before the account is eligible for Overdraft Fee Forgiven. Refer to Your Deposit Account Agreement, section titled Overdraft Protection Plans, for additional
information.
3. Eligible accounts include: U.S. Bank Reserve Line of Credit, U.S. Bank Credit Card, U.S. Bank Personal Line of Credit, U.S. Bank Home Equity Line of Credit and other
U.S. Bank Lines of Credit. Cash advance fees will apply. Interest will accrue as soon as you transfer funds. Check your cardholder agreement for Annual Percentage
Rate (APR) details.
4. Additional fees may apply for statements with check images. Check images are available with paper or e-statements.
Deposit products are offered by U.S. Bank National Association. Member FDIC. ©2022 U.S. Bank. The U.S. Bank Visa Debit Card is issued by U.S. Bank National
Association pursuant to a license from Visa U.S.A. Inc.
Consumer Pricing Information, Eective February 13, 2023 | 32
OTHER SERVICE FEES
Account Balancing and Research 1 hour minimum $30.00/hour
Cashier’s Check $10.00
Individual Retirement Account (IRA)
Annual Fee for Plan Balances Below $25,000 $30.00
CESA Balances Below $5,000 $30.00
IRA External Transfer Fee $30.00 per IRA Plan
Legal Charges
(Escheatment Related Due Diligence-as permitted by state)
Garnishments $100.00
Tax Levy and Child Support $100.00
Personal Money Orders $5.00
Safe Deposit Box Fees
Late Payment (per month) $10.00
Lock Drilling $150.00
Invoice Fee $10.00
(charged annually and waived with automatic payment
from a U.S. Bank deposit account)
Stop Payment $35.00
Wire Transfer1
Domestic – Incoming $20.00
Domestic – Outgoing $30.00
International – Incoming $25.00
International – Outgoing $50.00
1. Additional fees may be deducted from the transfer amount by other nancial institutions involved in the payment process. Deposits received in a foreign currency,
whether by check, wire-transfer, or otherwise, must be converted to U.S. dollars prior to being credited to your account. U.S. Bank will convert your funds at a retail
exchange rate established by U.S. Bank on the business day when such exchange is processed based on factors such as market conditions and risk, economic and
business factors. The exchange rate will include our prot, fees, costs and charges. See the Foreign Currency section of the Your Deposit Account Agreement for
more information.
Deposit products are offered by U.S. Bank National Association. Member FDIC. ©2022 U.S. Bank. The U.S. Bank Visa Debit Card is issued by U.S. Bank National
Association pursuant to a license from Visa U.S.A. Inc.
Consumer Pricing Information, Eective February 13, 2023 | 33
FOREIGN CHECKS/CURRENCY FEES
Checks Deposited in Foreign Currency on Foreign Banks
All checks subject to review. If item must be processed on a collection basis, U.S. Bank
will disclose additional fees prior to assessing. See Foreign Check Collection section for
potential fees. Return rate subject to sell rates in eect on return date.
Foreign Check Collection (incoming/outgoing)
Courier Fee (per check) $45.00
Initiation Fee (per check) $40.00
Tracer Fee $25.00
Returned Check Fee $25.00
Checks on Canadian Banks (non-collection) $0.50
Checks on Select Countries/Banks (non-collection) $1.00
Fee collected on all checks presented, paid and unpaid. Additional fees assessed by
Foreign Banks will be deducted from the check proceeds. Exchange rate adjustments
will apply on each item at the time of processing.
Foreign Currency
Purchase Foreign Currency
Foreign Exchange Fee (Admin Fee)* $10.00
Next Day Priority Delivery (optional) $15.00
Sell Foreign Currency
Foreign Exchange Fee (Admin Fee)* $10.00
* Charged for transactions of $250 U.S. Dollars or less, or for
any currency purchases returned within seven days.
Deposit products are offered by U.S. Bank National Association. Member FDIC. ©2022 U.S. Bank. The U.S. Bank Visa Debit Card is issued by U.S. Bank National
Association pursuant to a license from Visa U.S.A. Inc.
Privacy Pledge | 34
Privacy Pledge
At U.S. Bank, trust has always been the foundation of our relationship with customers. Because you trust us with
your nancial and other personal information, we respect your privacy and safeguard your information. In order to
preserve that trust, the U.S. Bank family of nancial service providers pledges to protect your privacy.
Below you will nd our U.S. Bank Privacy Policy and identity verication policy.
Union Bank customers are able to set their preferences through the Union Bank Privacy Choice line at
800-652-1062.
After May 30, customers are able to set their preferences regarding privacy policy and marketing
at usbank.com/privacy or by calling 800-370-8580.
Identity verication
To help us verify your identity, you authorize your wireless operator (AT&T, Sprint, T-Mobile
®
, US Cellular
®
, Verizon
or any other branded wireless operator) to use your mobile number, name, address, email, network status,
customer type, customer role, billing type, mobile device identiers (IMSI and IMEI) and other subscriber status
details, if available, to allow us to verify your identity, and to compare information you have provided to us with
your wireless operator account prole information for the duration of our relationship.
42857
FACTS
WHAT DOES U.S. BANK DO
WITH YOUR PERSONAL INFORMATION?
Why?
Financial companies choose how they share your personal information. Federal law gives
consumers the right to limit some but not all sharing. Federal law also requires us to tell you
how we collect, share, and protect your personal information. Please read this notice carefully to
understand what we do.
What?
The types of personal information we collect and share depend on the product or service you
have with us. This information can include:
Social Security number and income
account balances and payment history
transaction history and credit history
How?
All financial companies need to share customers’ personal information to run their everyday
business. In the section below, we list the reasons financial companies can share their
customers’ personal information; the reasons U.S. Bank chooses to share; and whether you can
limit this sharing.
Reasons we can share your personal information Does U.S. Bank share? Can you limit this sharing?
For our everyday business purposes—
such as to process your transactions, maintain
your account(s), respond to court orders and legal
investigations, or report to credit bureaus
Yes No
For our marketing purposes—
to offer our products and services to you
Yes No
For joint marketing with other financial companies No We don’t share
For our affiliates’ everyday business purposes—
information about your transactions and experiences
Yes No
For our affiliates’ everyday business purposes—
information about your creditworthiness
Yes Yes
For nonaffiliates to market to you No
*
We don’t share
To limit
our sharing
Call 800-370-8580—our menu will prompt you through your choice or
Visit us online: http://www.usbank.com/privacy and tell us your preference on the “Exercise
Your Privacy Choice” page.
Please note: If you are a new customer, we can begin sharing your information 30 days from the
date we sent this notice. When you are no longer our customer, we continue to share your
information as described in this notice.
However, you can contact us at any time to limit our sharing.
To limit
our direct
marketing
Please note: We may contact our existing customers by mail, telephone, or email to offer
additional financial products or services including products and services offered by nonaffiliates
that we believe may be of interest to you. You may direct us not to send you such offers.
To limit our direct marketing to you by mail or telephone, please call 800-370-8580--our menu
will prompt you through your choices, or visit us online: http://www.usbank.com/privacy and tell
us your preference on the “Exercise Your Privacy Choice” page.
To limit our direct marketing to you by e-mail, visit us online: http://www.usbank.com/privacy
and tell us your preference on the "Email Preferences" page.
Questions?
Call 800-872-2657 or go to usbank.com
Privacy Pledge | 35
Privacy Pledge | 36
Page 2
Who we are
Who is providing
this notice?
Companies with the U.S. Bank and U.S. Bancorp names and other affiliates. Please see below for
a list of other affiliates that do not have a U.S. Bank or U.S. Bancorp name.
Except for California, North Dakota and Vermont residents, a different notice applies to customers
who leased or purchased a vehicle and obtained U.S. Bank financing directly through a dealership.
That notice from U.S. Bank—Dealer Financial Services is available online at
http://www.usbank.com/privacy or by calling 800-437-9497.
What we do
How does U.S. Bank
protect my personal
information?
To protect your personal information from unauthorized access and use, we use security measures
that comply with federal law. These measures include computer safeguards and secured files and
buildings.
How does U.S. Bank
collect my personal
information?
We collect your personal information, for example, when you
open an account or apply for a loan
use your credit or debit card or make deposits or withdrawals from your account
tell us about your investment or retirement portfolio
We also collect your personal information from others, such as credit bureaus, affiliates,
or other companies.
Why can’t I limit all
sharing?
Federal law gives you the right to limit only
sharing for affiliates’ everyday business purposes—information about your creditworthiness
affiliates from using your information to market to you
sharing for nonaffiliates to market to you
State laws and individual companies may give you additional rights to limit sharing. See below for
more on your rights under state law.
What happens when
I limit sharing for an
account I hold jointly
with someone else?
Your choices will apply individually—unless you tell us otherwise.
Definitions
Affiliates
Companies related by common ownership or control. They can be financial and nonfinancial
companies.
Our affiliates include companies with a U.S. Bank and U.S. Bancorp name; financial companies
such as U.S. Bank National Association and U.S. Bancorp Investments, Inc.
Nonaffiliates
Companies not related by common ownership or control. They can be financial and nonfinancial
companies.
U.S. Bank does not share with nonaffiliates so they can market to you
Joint marketing
A formal agreement between nonaffiliated financial companies that together market financial
products or services to you.
U.S. Bank doesn’t jointly market
Page 3
Other important information
You may have other privacy protections under applicable state laws. To the extent these state laws apply, we will comply
with them when we share information about you.
For California residents: In accordance with California law, we will not share information we collect about you with
companies outside of our corporate family, except as permitted by law, including, for example, with your consent or to
service your account. We will limit sharing among our companies to the extent required by California law.
For Vermont residents: In accordance with Vermont law, we will not share information we collect about you with
companies outside of our corporate family, except as permitted by law, including, for example with your consent or to
service your account. We will not share information about your creditworthiness within our corporate family except with
your authorization or consent, but we may share information about our transactions or experiences with you within our
corporate family without your consent.
For Nevada residents: We may contact our existing customers by telephone to offer additional financial products that we
believe may be of interest to you. You have the right to opt out of these calls by adding your name to our internal do-not-call
list. To opt out of these calls, or for more information about your opt out rights, please contact our customer service
department. You can reach us by calling 800-USBANKS (800-872-2657), clicking the “Email Us” link at
usbank.com/privacy, or writing to P.O. Box 64490, St. Paul, MN 55164. You are being provided this notice under Nevada
state law. In addition to contacting U.S. Bank, Nevada residents can contact the Nevada Attorney General for more
information about your opt out rights by calling 702-486-3132, emailing aginfo@ag.nv.gov, or by writing to:
Office of the Attorney General, Nevada Department of Justice, Bureau of Consumer Protection
100 North Carson Street, Carson City, NV 89701-4717
Additional U.S. Bancorp affiliates
The Miami Valley Insurance Company
Red Sky Risk Services, LLC
Mississippi Valley Company
*Please keep in mind that, as permitted by applicable law, if you have a private label credit card account with us, we share
information about you with our financial or retail partners in connection with maintaining and servicing your account, including for
that financial or retail partner to market to you. Federal law does not give you the right to limit this sharing.
Privacy Pledge | 37
Appendix | 38
Appendix
Interest rates on checking and savings accounts
Information on current Annual Percentage Yields (APYs) and interest rates have yet to be determined for the date
of conversion. Interest rates on all deposit accounts are determined at the bank’s discretion and may change daily.
For tiered rate accounts you must maintain the minimum daily balance noted for each tier in order to earn the
Annual Percentage Yield disclosed. Fees could reduce earnings on the account. For information on current
Annual Percentage Yields, call 24-Hour Banking at 800-USBANKS (872-2657), view them through the U.S. Bank
Mobile App and online banking or visit usbank.com.
We use the daily balance method to calculate interest on all checking and savings accounts. This method applies a
daily periodic rate to the principal in the account each day.
Crediting of interest
Interest on your check deposit begins to accrue on the business day we receive credit for the deposit on all
accounts except for Retirement Money Market. Checks deposited to Retirement Money Market begin to accrue
on the calendar day the deposit is received. If you close your account before interest is credited, you will not
receive the accrued interest.
Compounding of interest
Interest will be compounded daily and credited to your account monthly for all checking and savings accounts,
except Standard, which compounds daily and credits interest to your account quarterly.
Appendix | 39
Things to note in Your Deposit Account Agreement
Important changes will take eect on your deposit accounts on May 30. Please read the entire enclosed
U.S. Bank Your Deposit Account Agreement document.
Should there be a discrepancy between this guide and the enclosed U.S. Bank Your Deposit Account Agreement
document, the terms and conditions of the Your Deposit Account Agreement document will take precedence over
the information in this guide.
Please note our toll-free numbers are listed on the last page of the Your Deposit Account Agreement document.
Consumer report disputes
We may report information about your deposit accounts to Consumer Reporting Agencies (CRA). As a result, this
may prevent you from obtaining services at other nancial institutions. If you believe we have inaccurately
reported information to a CRA, you may submit a dispute by calling 844-624-8230 or by writing to:
U.S. Bank
Attn: CBDH Management
PO Box 3447
Oshkosh, WI 54903-3447
In order for us to assist you with your dispute, you must provide: your name, address and phone number; the
account number; the specic information you are disputing; the explanation of why it is incorrect; and any
supporting documentation (e.g., adavit of identity theft), if applicable.
Funds availability – all accounts
Please review the entire U.S. Bank Funds Availability Policy within the Your Deposit Account Agreement, which
applies to checking and savings accounts. Carefully read the detail in each section heading. Some sections of this
disclosure apply to all accounts and all customers. There are special sections for Commercial Accounts,
Wealth Management Accounts and Retail Consumer and Small Business Accounts and are made clear in the
section headings.
Funds availability – ATM deposit(s)
As we work to update our ATM systems, you may notice that the ATM deposit cut-o time has changed to 8 p.m.
local time from 9 p.m. local time. Checks deposited before 8 p.m. local time are posted the same business day.
Checks deposited after 8 p.m. local time, or on a weekend/federal holiday, will typically be processed and posted
to the account the next business day. If you have any questions about ATM deposits or when your funds will
become available, please refer to the Contact us section for assistance.
Check 21 – substitute checks and your rights
Please note the contact information for requesting a refund has changed.
Electronic banking agreement for consumer customers
Describes your rights and responsibilities for electronic fund transfers. Contact us immediately to report the loss,
theft or unauthorized use of your card or PIN at any U.S. Bank branch or through the U.S. Bank Fraud Liaison
Center at 877-595-6256 after May 30.
Expanded account access feature
Allows access to up to ve U.S. Bank checking accounts, ve U.S. Bank savings accounts and ve U.S. Bank Credit
Card/credit line accounts with your U.S. Bank Debit and/or ATM Card.
Notes | 40
Notes:
Deposit products offered by U.S.Bank National Association. Member FDIC. ©2023 U.S.Bank 965901 4/23 FSG-C
Contact us
If you have questions, call the U.S. Bank helpline at 833-398-1533
any time before May 30, 2023. Representatives are available
Monday through Friday, 8 a.m. to 8 p.m. PT, except holidays.
They are trained and prepared to eciently help you through the
transition from Union Bank to U.S. Bank.
Beginning May 30, 2023, call us at 800-USBANKS (872-2657).
Assistance is available 24/7. We accept relay calls.
