U.S. Bank’s student checking and its ATM network, which college students rely heavily on, were two of the reasons Money magazine named the financial institution as the best national bank in America. In its October story about best banks, the magazine also credited U.S. Bank for its basic checking and savings and senior checking accounts.
The magazine touted the bank’s broad retail banking network–the fourth largest in the country–combined with how easy it is for U.S. Bank customers to waive the monthly maintenance fee. The magazine also credited U.S. Bank for offering advanced features such as the ability for customers to deposit a check from their mobile phone or tablet.
The bank also topped Money’s charts for student and senior checking. The magazine noted that student checking accounts have no monthly maintenance fees, mobile banking and a large ATM network, which they weighted heavier for the student category because students rely heavily on the ATM.
U.S. Bank’s senior checking earned top honors because seniors have U.S. Bank’s premium checking account with no monthly maintenance fees, no fees for using another bank’s ATM, and free money orders, free cashier’s checks and a discount on safe deposit boxes.
This is the second year in a row that U.S. Bank earned top honors from Money for its basic checking account.