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US Bank vs Venmo

US Bank is a big national bank with wide array of services and many account options. How does it compare to Venmo? Read our comparison chart below.

 US BankVenmo
 Visit SiteVisit Site
 

US Bank

Venmo

SPECIAL OFFER
U.S. Bank Smartly® Checking and Standard Savings - Up to $1,000 Bonus - Learn More

Read US Bank Review

SPECIAL OFFER
Try Venmo business profiles for 30 days - Learn More

Read Venmo Review

 

Benefits and Features

Savings0.01% APY. Minimum deposit $25. Monthly maintenance fee $4, unless you have $300 minimum daily ledger balance OR $1,000 average monthly collected balance. 
CDStandard Term CD: 0.05% - 0.25% APY. Terms ranging from 1 month - 60 months. Minimum deposit of $500. Maximum deposit $249,999. 
Checking
Smartly Checking
 
Money Market0.01% APY, depending on amount. Minimum opening deposit $100. Monthly maintenance fee $10 unless you have $10,000 daily ledger balance. 
Customer Service24/7 Live Customer Service (Telephone)Phone, email, and messaging through the app
Equipment 
None needed
 

CreditDonkey® Reviews

 US BankVenmo
SavingsStarStarStarEmpty StarEmpty Star
CDStarStarStarStarEmpty Star
CheckingStarStarStarEmpty StarEmpty Star
Money MarketStarStarStarEmpty StarEmpty Star
Customer ServiceStarStarStarStarHalf StarStarStarStarEmpty StarEmpty Star
Mobile AppStarStarStarStarHalf Star
PriceStarStarStarStarEmpty Star
ContractStarStarStarStarStar
EcommerceStarStarStarStarEmpty Star
High Volume BusinessStarStarStarEmpty StarEmpty Star
Low Volume BusinessStarStarStarStarStar
Pros & ConsPros:
  • Promo CD with high APY
  • Free student account
  • 24/7 customer service
Cons:
  • Low savings APY
Pros:
  • Accept Venmo in-person
  • Expand payment options
  • Simple pricing
Cons:
  • Must go through PayPal or Braintree for online payments
Bottom LineBig national bank with wide array of services and many account options... Read full reviewGood way for small businesses and freelancers to accept Venmo payments... Read full review
 Visit SiteVisit Site

Try Venmo business profiles for 30 days

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

US Bank: Pricing information from published website as of 09/15/2023 based on 91107 zip code.

US Bank
Member FDIC

U.S. Bank Smartly® Checking and Standard Savings - Up to $1,000 Bonus

Earn up to $1,000 when you open a new U.S. Bank Smartly® Checking account and a Standard Savings account and complete qualifying activities. Subject to certain terms and limitations. Offer valid through October 31 2023. Member FDIC.

Earn up to $500 with a new Bank Smartly Checking account. Complete the following within 90 days of account opening:

  • Enroll in online banking or the U.S. Bank Mobile App
  • Make two or more direct deposit(s)* totaling $5,000 to $9,999.99 to earn $300 or $10,000 or more to earn $500

Earn up to $400 with a new Standard Savings account.

  • Make new money deposit(s) totaling $25,000 to $49,999.99 to earn $200 or $50,000 or more to earn $400 by November 30, 2023
  • Maintain that balance until May 31, 2024

Earn an additional $100 for opening both!

Applicant must reside in AZ, AR, CA, CO, ID, IL, IN, IA, KS, KY, MN, MO, MT, NE, NV, NM, NC, ND, OH, OR, SD, TN, UT, WA, WI, WY to be eligible for Checking account

Expires 10/31/2023
US Bank
Member FDIC

Silver Business Checking Package - Up to $800 Bonus

Earn up to an $800 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q3AFL23 and complete qualifying activities, subject to certain terms and limitations. Offer valid through January 8, 2024. Member FDIC. Complete these steps to earn the offer:

Earn your $350.

  • Complete $5,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.

Earn your $800.

  • Complete $25,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
Expires 1/8/2024
US Bank
Member FDIC

Gold Business Checking Package - Up to $800 Bonus

Earn up to an $800 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q3AFL23 and complete qualifying activities, subject to certain terms and limitations. Offer valid through January 8, 2024. Member FDIC. Complete these steps to earn the offer:

Earn your $350.

  • Complete $5,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.

Earn your $800.

  • Complete $25,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
Expires 1/8/2024

Which is Better: US Bank or Venmo?

In short: US Bank's customer service is notable.


Articles on US Bank

US Bank

Weighing up on banking with U.S. Bank? This comprehensive review covers its pros, cons and how it stacks up against other banks.

US Bank Business Checking Bonus

A U.S. Bank Business Checking bonus may be the boost you're looking for. Find out how to maximize this benefit.

US Bank Routing Number

To transfer money in or out of your US Bank checking or savings account, you'll need the right routing number. Find your US Bank routing number below.

Articles on Venmo

Venmo Business Account

Merchants can use Venmo to accept payment. But is this social-friendly payment service a good option for your business? Read this review before you get started.

Which Do You Think is Best?





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About CreditDonkey
CreditDonkey is a credit card comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

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