U.S. Bank Launches Business Essentials: All-in-One Checking and Payments Solution for Small Businesses

U.S. Bank has introduced Business Essentials®, a bundled checking and payments acceptance solution tailored for small businesses. The account combines essential financial tools into a single digital interface with no monthly maintenance fees and includes card payment capabilities and same-day funding.

Key features of Business Essentials include:
- A checking account with no monthly fee
- Free same-day access to funds from card payments
- A free Ingenico Moby/5500 mobile card reader
- Unlimited digital transactions
- Fraud prevention tools and cash flow insights
- Integration with accounting and budgeting software
- A streamlined application and onboarding process

The offering responds to the 80% of small business owners in a recent U.S. Bank survey who prefer a bundled banking and payments experience. It aims to save time and reduce operational complexity.

Shruti Patel, chief product officer for business banking, highlighted the product’s ability to reduce the administrative burden for small business owners. Arijit Roy, head of consumer and business banking products, noted that quicker access to funds and an integrated experience can help drive business growth.

U.S. Bank serves more than 1.4 million small businesses nationwide with a broad range of digital, deposit, credit, and payment services.