What is a safe debit account with us bank? EXPLAINED
The Safe Debit Account is an alternative checking account that does not permit writing checks; however, it provides many of the same benefits of traditional branch-based accounts, including access to online banking and mobile apps, debit card use, overdraft fees are waived and transactions that exceed available funds are simply rejected by computerized banking systems; additionally it includes free credit scoring capabilities with simulators showing how such actions as taking out loans or cancelling debt will change your score over time.
U.S. Bank is an acclaimed and stable banking brand with an outstanding reputation for doing good business while supporting the community. Boasting branches across multiple states and one of the nation’s largest ATM networks, they also provide six different checking options including their Smartly Checking account that earns interest while providing access to money management tools including budgeting capabilities and personalized insights based on your savings and spending patterns. In addition, overdraft protection is offered at an extra fee linked to savings accounts as well as up to $300 of ATM fee forgiveness if linked directly.
US Bank offers its Safe Debit Account as a viable solution to individuals looking for an alternative to writing checks: there are no overdraft fees and you can even use it abroad safely with its low monthly fee and access your funds through ATMs, banks and branches of US Bank.
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Safe Debit accounts do not charge overdraft fees, however there is a low minimum opening deposit and $4.95 monthly maintenance fee which cannot be waived by meeting specific criteria.
The bank strives to offer banking services for unbanked and underbanked consumers by working closely with financial regulators and nonprofit organizations such as Cities for Financial Empowerment Fund. Community development is also supported through partnerships with local businesses and donations to philanthropic organizations. Social Responsibility and Ethics at Capital One Bank have earned them numerous accolades, such as being named twice to Ethisphere’s World’s Most Ethical Companies list. Furthermore, Capital One offers various retirement and investing products. Website navigation is simple and clear for customers at this retirement and investment firm, offering clear explanations of popular investments and accounts as well as calculators and research tools to make informed decisions regarding investment portfolios. Lastly, its blog provides regular updates regarding tax laws and retirement planning so as to keep clients up-to-date on latest happenings in this space.