Head-to-Head
U.S. Bank Business Checking
Branch + cash deposits + $0 entry checking; fee-heavy wires/ACH; weak checking APY
VS
Old National Bank Business Checking
Branch + cash deposits; low/no monthly fee with 500-item cap; Midwest/Southeast relationship bank (not high-APY checking)
Monthly Fee
Essentials $0 unconditional; Gold $20; Platinum $30; Premium $34; Nonprofit $0
Access: $0 on current product page ($3/mo paper statements; eStatements free). Pro: $25/mo OR $0 with $20,000 avg ledger OR $50,000 combined checking+savings+MMA avg ledger.
Checking APY
Essentials and Platinum: none (non-interest). Gold with Interest and Nonprofit: variable ~0.01% APY in aggregators; official rate ZIP-dependent. Premium: ECR not APY.
0.00% — noninterest-bearing on Access and Pro
Rating
7.8/10
7.6/10
Costs & Fees
| Metric | U.S. Bank Business Checking | Old National Bank Business Checking |
|---|---|---|
| Monthly maintenance | Essentials $0 unconditional; Gold $20; Platinum $30; Premium $34; Nonprofit $0 | Access: $0 on current product page ($3/mo paper statements; eStatements free). Pro: $25/mo OR $0 with $20,000 avg ledger OR $50,000 combined checking+savings+MMA avg ledger. |
| Fee waiver | Gold: Payment Solutions OR $10k avg collected OR $20k combined business deposits OR $50k deposits+credit (interest Gold: $25k/$50k/$75k). Platinum: Payment Solutions OR $25k collected OR $75k deposits+credit. Premium: offset via earnings credit. | Access: unconditional $0 maintenance (use eStatements to avoid $3 paper fee). Pro: $20k ledger or $50k combined deposit averages. |
| Transaction fees | Essentials: unlimited digital items; 25 teller/paper free/cycle then $0.50. Gold: 350 items then $0.45. Platinum: 550 then $0.40. Nonprofit: 1,800/year then $0.50 (billed January). Cash is separate unit fee. | 500 items/month free then $0.50 each. Items = checks paid, withdrawals, deposits, deposited items, ACH/POS debits and credits. |
| Overdraft/NSF | Overdraft Paid $0 if item ≤$5; $36 if ≥$5.01. Max 3 OD paid fees/day. Redeposited item $10. | Paid NSF/Overdraft Item $36 if overdrawn >$25; max 2 paid items/day. Daily Overdraft $7 from day 7 if overdrawn >$25 for 7+ consecutive business days, up to 5 days. Overdraft Courtesy discretionary. |
| ATM fees | USB/partner-logo ATM $0. Non-USB $3.00 per ATM transaction. MoneyPass surcharge refundable on request. Cash deposit at USB ATMs only. | ONB + Allpoint (~55,000+) $0 ONB fee. Non-ONB/non-Allpoint: $3 Foreign ATM Fee + operator surcharge. No rebate disclosed. |
| Wire/ACH | Incoming domestic $14 Fedwire / $16 CTP / $7 internal. Outgoing digital domestic $30; branch $40. Incoming intl $20. Outgoing intl digital USD $45 / FX $75. ACH outgoing $1 standard / $3 same-day. Enhanced Payments ($25/mo): ACH $0.50, same-day $1.70, instant $0.75, domestic wire $16, intl USD $35. | Incoming domestic $16; outgoing domestic $30; incoming intl $16; outgoing intl $50. Pro/Payments Plus: 1 free domestic outgoing wire/month; discounted fees thereafter not disclosed. |
Interest & Yields
| Metric | U.S. Bank Business Checking | Old National Bank Business Checking |
|---|---|---|
| Checking APY | Essentials and Platinum: none (non-interest). Gold with Interest and Nonprofit: variable ~0.01% APY in aggregators; official rate ZIP-dependent. Premium: ECR not APY. | 0.00% — noninterest-bearing on Access and Pro |
| Savings APY | Business Savings and Business Market Monitor: tiered interest; APY not disclosed on public pages | |
| FDIC coverage | Standard FDIC $250,000 per depositor per ownership category at U.S. Bank N.A. | Standard FDIC $250,000 per depositor per ownership category at Old National Bank |
Features & Access
| Metric | U.S. Bank Business Checking | Old National Bank Business Checking |
|---|---|---|
| Branch/ATM network | ~2,066 branches in 26+ states. ~4,458 U.S. Bank ATMs. MoneyPass network (surcharge refundable on request). Cash deposit at USB ATMs and branches; not at non-USB ATMs. | ~346–361 banking centers in IL, IN, IA, KY, MI, MN, NC, ND, TN, WI. ONB ATMs + Allpoint ~55,000+ surcharge-free. Cash deposit at deposit-taking ONB ATMs. |
| Mobile app | iOS 4.8 (~2.1M ratings); Google Play 4.7 (~492k–500k). Javelin 2026 Mobile Banking Scorecard #1 among large banks. | Old National Mobile app — Google Play ~4.5 (13.8K reviews). iOS U.S. volume uncertain from public scrapes. |
| Virtual cards | Not a documented default of these DDA packages | Not disclosed |
| Opening deposit | $25 | $100 |
| Eligibility | Sole prop, LLC, corp, partnership, nonprofit (dedicated SKU). Holding company/fund/SPV not published — expect manual KYC. | Sole prop, association, org, partnership, LLC, corporation, business fiduciary/escrow per agreement. EIN emphasized in checklist. |
Pros & Cons
U.S. Bank Business Checking
Pros
- Essentials: unconditional $0 monthly at a top-10 bank with unlimited digital items
- Official fee PDFs public (May 11, 2026 BPI; Aug 10, 2026 BEP)
- Branch + ~4,500 USB ATMs + MoneyPass surcharge refund path
- Gold/Platinum waive via merchant or collected balances; cash units to 125/250
- Essentials bundles $0-software Elavon acceptance + free first reader; Nonprofit $0 with 1,800 items/year
Cons
- Outgoing ACH $1 and domestic wires $30–$50 on default menu
- Essentials free cash only 25 units (~$2,500); excess $0.35/$100
- Checking APY none or ~0.01%; idle cash must leave operating DDA
- Overdraft paid $36 up to 3/day; paper statements default on Essentials ($6.50)
- FDIC $250k only; no public ICS
Old National Bank Business Checking
Pros
- Access $0 maintenance with 500-item bucket and no minimum balance (ONB product page)
- $25,000 monthly cash/currency free then $0.15 per $100 — explicit branch-bank pricing
- Allpoint 55k+ surcharge-free ATMs plus ~346+ owned branches in 10 states
- Pro bundles Autobooks Basic, 1 free domestic wire/month, ACH allowance, and fraud tools
- Path to ONPointe Treasury, Analysis Checking, Elavon merchant, and local lending; $400/$800 bonus through Oct 30, 2026
Cons
- 0.00% APY on checking
- In-person opening only — not nationwide online account
- 500-item definition is broad (ACH, POS, deposits count) at $0.50 over — easy to exceed
- Full current business fee schedule PDF not publicly posted
- Out-of-network ATM $3 + 3% foreign debit fee; standard FDIC $250k only
Verdict
U.S. Bank Business Checking
U.S. Bank's SMB checking: Essentials ($0, unlimited digital, 25 teller/paper, 25 cash units), Gold ($20, 350 items, 125 cash), Platinum ($30, 550 items, 250 cash), Premium ($34 analyzed + ECR), Nonprofit ($0, 1,800 items/year). Deposits at U.S. Bank N.A., FDIC $250k. Fee PDFs May 11 and Aug 10, 2026. Expensive internals: ACH out $1, wires $30–$75, non-USB ATM $3, OD $36. Enhanced Payments $25/mo cuts unit prices. No core checking APY. $400/$1,200 bonus through Sep 27, 2026. Strong app; wire/ACH-heavy ops should compare against fintech DDAs.
Old National Bank Business Checking
Old National Access Business Banking is branch-opened FDIC checking: Access $0 maintenance, 500 items then $0.50, $25k cash free then $0.15/$100. Pro adds $25 fee (waivable at $20k/$50k), bundled Autobooks/Payments Plus, 1 free wire/month, 25 ACH/month. 0% APY. Wires $16 in / $30 out / $50 intl. Full business fee PDF not posted. Fits in-footprint cash SMBs; poor for remote founders and high-volume treasury.