Checking Account Advance for Checking Account customers of U.S. Bank A less expensive alternative to a Payday Loan

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	Checking Accounts > Account Features > Checking Account Advance

Checking Account Advance

Get cash fast when you need it the most!
When an unexpected expense occurs, if you're a checking account customer, you can immediately advance funds from your next direct deposit into your U.S. Bank Checking Account. For complete information regarding the Checking Account Advance service, review the Guide, the Agreement, and the Frequently Asked Questions prior to the use of the service.

Specifics of Checking Account Advance:

Checking Account Advance is a short-term line of credit borrowed from your next direct deposit
You must be an eligible¹ checking account customer with direct deposit. Learn more about direct deposit
No application or approval process necessary if you are an eligible¹ checking account customer
Advanced funds are deposited directly into your checking account and available for your immediate use²
Advance limit is equal to $500 or 1/2 your total monthly direct deposit amount, whichever is less. Minimum advance amount is $20. The fee charged is $2.00 for every $20.00 borrowed⁴
Outstanding advances are automatically paid with your next direct deposit of $100 or more
Advances must be paid in full within 35 days of each advance

Checking Account Advance is designed for unexpected short-term credit needs and is an expensive form of credit. If you decide to borrow, borrow only as much as you can afford to repay from your next deposit.

View less expensive credit alternatives or contact us.

If eligible, you can access your funds seven days a week, 24 hours a day:

Online - Login to U.S. Bank Internet Banking and choose Cash Advance from the left menu. Don't use Internet Banking? Enroll now or learn more about Internet Banking
ATM³ - Select 'Cash Withdrawals or Advances', then 'Advance from next direct deposit'
Phone - Call 800-USBANKS (800-872-2657)
Branch - Locate a U.S. Bank branch

You are eligible if you have been a customer for at least 6 months, have regular monthly direct deposits of $100 or more and your checking account is in good standing.

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If your checking account is overdrawn, your minimum advance amount must bring your account to a $0 balance.

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Available at most U.S. Bank ATMs.

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This is an Annual Percentage Rate (APR) of 120%.

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