U.S. Bank launches Business Essentials, an all-in-one checking account for small businesses with payments acceptance, same-day access to funds, and no monthly fees.
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| U.S. Bank introduces Business Essentials, an integrated solution for small businesses that combines payments acceptance and checking with no maintenance fees. Image: US Bank |
Minneapolis, USA — April 14, 2025:
U.S. Bank has launched Business Essentials, an all-in-one checking account designed to meet the evolving needs of small business owners. This new offering combines a premier business checking account with integrated payment processing, eliminating the need for separate services and saving business owners both time and money.
The Business Essentials account comes with several standout features, including free same-day access to funds, seven days a week, and a free mobile card reader. Additionally, businesses will benefit from unlimited digital transactions, including electronic deposits, transfers, and purchases, all without incurring any monthly maintenance fees.
In response to growing demands for more efficient and integrated solutions, U.S. Bank developed Business Essentials following insights gathered from a national survey of over 1,000 small business owners. The survey revealed that 80% of respondents preferred a service provider that could bundle digital banking, payment acceptance, and operational tools into a single offering. This trend reflects the growing demand for simplicity and efficiency in business financial management.
"We're committed to making it easier for small business owners to run their businesses," said Shruti Patel, Chief Product Officer for U.S. Bank's business banking segment. "With Business Essentials, we've brought together a best-in-class checking account and payment capabilities in a single, easy-to-use platform, helping our clients save time and money while improving cash flow management."
Arijit Roy, Head of Consumer and Business Banking Products at U.S. Bank, added, “This product shows how U.S. Bank can leverage its comprehensive business offerings to create real value for our clients. When small businesses have quicker access to their funds and simplified banking operations, we play a crucial role in their growth.”
U.S. Bank has been a key partner to small businesses for years, serving over 1.4 million clients with a wide range of financial services. Beyond Business Essentials, the bank offers an array of services such as merchant products, loan products, credit cards, and treasury management.
With Business Essentials, U.S. Bank aims to help small businesses streamline their operations, providing a single solution for banking, payments, and financial management.