NEWS

U.S. Bank Business Essentials named Best New Product by Tearsheet

September 10, 2025

Business Essentials brings together checking and payments into a single, unified experience

U.S. Bank Business Essentials was honored as Best New Product in Tearsheet’s The Big Bank Theory awards, which recognize innovation in banking and embedded finance. This win highlights how Business Essentials helps business owners ditch busywork and focus on growing their business.

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“While accolades were never the motivation behind our efforts, it is truly gratifying to see our commitment acknowledged by industry leaders,” said Shruti Patel, chief product officer and executive vice president, Business Banking Segment. “This recognition serves as a meaningful affirmation of the hard work and dedication that fuel every innovation we bring to our clients.”

Understanding Business Owners’ Challenges

Developed to address the evolving needs of entrepreneurs, Business Essentials is designed to help business owners overcome the daily challenges they face. Insights from the 2025 U.S. Bank Small Business Owner Survey reinforced this as it found that 80% of owners desired more digital tools and 82% sought a streamlined, consolidated solution.

Integrated Solutions for Everyday Operations

To meet these needs, Business Essentials brings together checking and payments into a single, unified experience. Key features include same-day funding, unlimited digital transactions and user-friendly onboarding through Co-Browse Assist, streamlining day-to-day business operations and allowing owners to concentrate on growth.

Measurable Impact

The response from clients has been overwhelmingly positive, with business owners praising the simplicity, speed and convenience that Business Essentials brings to their daily operations. Merchant services monthly activations have increased, and checking account production saw growth, driven by engagement from new client segments. These outcomes demonstrate the real-world value and impact of the solution.

Learn more about Business Essentials.

Disclosure: Deposit products are offered by U.S. Bank National Association. Member FDIC.

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Disclosures

Investment and insurance products and services including annuities are:
Not a deposit • Not FDIC insured • May lose value • Not bank guaranteed • Not insured by any federal government agency.

U.S. Bank and its representatives do not provide tax or legal advice. Your tax and financial situation is unique. You should consult your tax and/or legal advisor for advice and information concerning your particular situation.

Loans and lines of credit are offered by U.S. Bank National Association. Deposit products are offered by U.S. Bank National Association. Member FDIC.