ByHow to Waive US Bank Maintenance Fee
US Bank is the country's fifth-largest bank, offering multiple checking and savings accounts to its customers. While each of these accounts varies in features, they all incur a common monthly fee. As an account owner, you can incur a monthly for just having an account, and if this fee adds up to other charges like overdrafts and ATM fees, it can become too costly.
The good news is that you don't have to pay these charges every month because the US Bank can waive them from your account. However, the bank requires you to meet certain qualifications before you get the maintenance fee waived.
If your account doesn't qualify for the waive and the bank slaps you with maintenance costs every month, you can appeal to the bank and get a refund. DoNotPay has a Fight Bank Charges product that can help you contact your bank and appeal for a refund.
US Bank Maintenance Fee Explained
that range from $4.95 to $24.95, depending on the type of checking account. On the other hand, savings accounts have $10 or less monthly fees.
The tables below show a breakdown of the different accounts and the maintenance fees for each.
US Bank Checking Accounts
| Account | Monthly Fee |
| Easy Checking | $6.95 |
| Gold Checking | $14.95 |
| Platinum Checking | $24.95 |
| Safe Debit Accounts | $4.95 |
| Student Checking | $0 |
US Bank can waive monthly maintenance fees on the checking accounts once they meet specific conditions except for the Safe Debit Account.
US Bank Savings Accounts
| Account | Monthly Fee |
| Standard Savings | $4 |
| Platinum select money market | $0 |
| Package Money Market Savings Account | $0 |
| Elite Money Market Savings Account | $10 |
| Retirement Money Market Account | $0 |
Besides the monthly maintenance fees, all the savings accounts incur an excess withdrawal charge of $15.00.
How to Waive US Bank Maintenance Fee by Yourself
Each account has specific requirements that you must meet so that you can avoid monthly maintenance fees.
Easy Checking Account
You'll need to meet at least one of the following conditions:
- Keep an average account balance of $1,500.
- Have combined monthly direct deposits totaling $1,000 or more.
- You are 65 years old or more.
Gold Checking Account
Account-holders can have their monthly fee waived if they have a mortgage, line of credit, personal loan, or credit card account open.
Platinum Checking Account
To waive monthly maintenance fees for a platinum account, you must meet any of the following conditions:
- Have a personal trust relationship with US Bank Wealth Management.
- Have $25,000 in combined personal deposits or credit balances with the bank and/or investments through US Bancorp Investments.
- You are a former or current member of the Armed Forces.
Standard Savings Account
Your account should maintain a minimum daily ledger balance of $300 or a $1000 average monthly balance. On the other hand, an Elite Money Market Account will require a $10,000 daily ledger balance.
How to Appeal US Bank Maintenance Fee by Yourself
The monthly charges may appear insignificant, especially for large accounts. However, if you fall below the required conditions and your account incurs multiple charges, it may become too expensive to get your account in good standing.
You can appeal to the bank, explaining your financial situation and why you cannot make the payments. The bank may just refund the fees to your account. Here's how to go about it.
- Contact US Bank by phone or email.
- Describe the monthly maintenance fees as it has been charged on your account.
- Explain your financial situation and why you should get a refund of the maintenance fees.
- Reference any statutes you know that can help back up your case.
The bank will review your request and refund all the monthly maintenance fees applied to your account within a specified period.
How to Appeal US Bank Maintenance Fee With the Help of DoNotPay
Finding the right words to convince the bank that you need that refund may be difficult. Worse still, you may have a hard time finding the right statutes to support your case and ensure that the bank accepts your request.
DoNotPay has a Fight Bank Fees product that helps you draft a appeal letter and sends it to your bank with the details of your case. You can automatically appeal your monthly maintenance bank fees and get them refunded without hassle through this product.
Here is how it works:
- Open the DoNotPay Fight Bank Fees product.
- Enter the name of your bank.
- Verify the last 4 digits of your bank account.
- Choose which fees you want to waive, including overdraft, ATM, and transaction fees.
And that's it. DoNotPay will send the appeal letter on your behalf to your bank, so your fees get refunded! If your bank has any further comments, they'll reach out to you directly.
What Else Can DoNotPay Do?
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Check out DoNotPay's Fight Bank Fees product to get started.