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U.S. Bank Introduces All-in-One Business Checking Plus Payments Acceptance to Help Business Owners Save Time and Money

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U.S. Bank Introduces All-in-One Business Checking Plus Payments Acceptance to Help Business Owners Save Time and Money
News

News

U.S. Bank Introduces All-in-One Business Checking Plus Payments Acceptance to Help Business Owners Save Time and Money

2025-04-14 18:31 Last Updated At:18:50

MINNEAPOLIS--(BUSINESS WIRE)--Apr 14, 2025--

U.S. Bank has launched a premier all-in-one checking account combined with payments acceptance capabilities for small businesses. Called U.S. Bank Business Essentials®, the account enables businesses to accept card payments with free same-day access to their funds i and a free mobile card reader ii, in addition to checking with unlimited digital transactions iii and no monthly maintenance fee. Business Essentials features include:

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250414302442/en/

U.S. Bank introduced Business Essentials in response to the advancing needs and demands of small business clients. In a national survey U.S. Bank conducted with more than 1,000 small business owners, 80 percent said they prefer service providers who can bundle their digital banking, payments, and operations tools iv, highlighting the need for a banking partner to provide digital banking and payments in a single solution.

“With Business Essentials, we are making it easier for small business owners to manage their business,” said Shruti Patel, chief product officer for the business banking segment at U.S. Bank. “We are bringing multiple capabilities together – a best-in-class checking account with payments and differentiated easy-to-use software – in a single integrated interface. By enabling small business owners to manage their cash flow in one place – with no monthly maintenance fee – we are helping our clients save time and money, lessening their operational burden, and giving them access to improved business insights.”

“This product exemplifies how the breadth of business offerings under the U.S. Bank umbrella can interconnect to create real value for our clients,” said Arijit Roy, Head of Consumer and Business Banking Products at U.S. Bank. “When we make it easier for our small business clients to run their business and have quicker access to their funds, we are playing a central role in their growth story.”

U.S. Bank serves more than 1.4 million small business clients with a comprehensive suite of banking, payments and digital solutions backed by support from experienced bankers. The bank offers a wide range of deposit accounts; merchant services products, including talech point of sale systems; loan products; credit cards; and treasury management services.

For more information on Business Essentials and all the ways U.S. Bank powers small businesses, visit usbank.com/business-banking.

Editor’s Note: The content of this press release is accurate as of publication on April 14 and may have changed. For the latest product information, refer to the U.S. Bank Business Essentials product page.

Disclosures:

i Sales are processed daily and deposited into the associated checking account. Funding speeds will vary between weekdays and weekends and are dependent on batch settlement times. Batches will be processed every day, including weekends. Changing the account that your funds are deposited into may impact your funding speeds. Fee to retain daily funding and deposit applies when the associated checking account is a non-U.S. Bank checking account. Please see the U.S. Bank Business Essentials® Payment Processing Terms of Service and Operating Agreement for details.

ii One free Ingenico Moby/5500 card reader is included and is only available for customers applying for a new U.S. Bank Business Essentials® account through the online application. Card reader cannot be redeemed for any other hardware purchase or account credit. Additional card readers available for a fee.

iii Digital transactions include electronic deposits, electronic withdrawals, ATM transactions, Elavon payment processing credits and chargebacks, electronic transfers, ACH, debit card purchases. Certain transactions may have additional service fees. Refer to U.S. Bank Business Essentials® Pricing Information or contact your Business Banker for complete pricing information.

iv U.S. Bank 2024 Small Business Survey: usbank.com/dam/documents/pdf/about-us-bank/company-blog/Small_Business_Perspective_2024_final.pdf

For additional information call 855-955-2760 or visit your local branch for a copy of Business Essentials Pricing Information disclosure or refer to Your Deposit Account Agreement (YDAA).

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

About U.S. Bank

U.S. Bancorp, with more than 70,000 employees and $678 billion in assets as of December 31, 2024, is the parent company of U.S. Bank National Association. Headquartered in Minneapolis, the company serves millions of customers locally, nationally and globally through a diversified mix of businesses including consumer banking, business banking, commercial banking, institutional banking, payments and wealth management. U.S. Bancorp has been recognized for its approach to digital innovation, community partnerships and customer service, including being named one of the 2024 World’s Most Ethical Companies and one of Fortune’s most admired superregional banks. To learn more, please visit the U.S. Bancorp website at usbank.com and click on “About Us.”

U.S. Bank has launched a premier all-in-one checking account combined with payments acceptance capabilities for small businesses.

U.S. Bank has launched a premier all-in-one checking account combined with payments acceptance capabilities for small businesses.

Next Article

Russian court jails prominent election monitoring activist for 5 years

2025-05-15 01:57 Last Updated At:02:01

A court in Moscow on Wednesday convicted one of the leaders of a prominent independent election monitoring group on charges of organizing the work of an “undesirable” organization and sentenced him to five years in prison.

Grigory Melkonyants, co-chair of Russia’s leading election watchdog Golos, has rejected the charges as politically motivated. The case against him is part of the monthslong crackdown on Kremlin critics and rights activists that the government ratcheted up after invading Ukraine in 2022.

After a judge of the Basmanny District Court delivered the verdict, Melkonyants, 44, told several dozen supporters and journalists from the glass defendant's cage: “Don't worry, I'm not despairing. You shouldn't despair either!”

Golos has monitored for and exposed violations in every major election in Russia since it was founded in 2000. Over the years, it has faced mounting pressure from the authorities.

In 2013, the group was designated as a “foreign agent” — a label that implies additional government scrutiny and carries strong pejorative connotations. Three years later, it was liquidated as a non-governmental organization by Russia’s Justice Ministry.

Golos has continued to operate without registering as an NGO, exposing violations in various elections, and in 2021 it was added to a new registry of “foreign agents,” created by the Justice Ministry for groups that are not registered as a legal entity in Russia.

It has not been designated as “undesirable” — a label that under a 2015 law makes involvement with such organizations a criminal offense. But when it was an NGO, it was a member of the European Network of Election Monitoring Organizations, or ENEMO, a group that was declared “undesirable” in Russia in 2021, and the charges against Melkonyants stemmed from that.

In his closing statement to the court on Monday, published in full by independent news outlets Mediazona and Meduza, Melkonyants talked about how rights and freedoms often are taken for granted but look very different from “behind bars,” and it’s clear how much one must constantly “protect and defend” them.

The defense argued that when ENEMO was outlawed in Russia, Golos wasn't a member, and Melkonyants had nothing to do with it. The renowned election expert and lawyer by training was arrested in August 2023 and has been in custody ever since.

Ella Pamfilova, chair of Russia's Central Election Commission, the country's main election authority, spoke out in his support at the time, telling Russian business daily Vedomosti about the case: “I would really like to hope that they will handle this objectively. Because his criticism, often professional, helped us a lot sometimes.”

Independent journalists, critics, activists and opposition figures in Russia have come under increasing pressure from the government in recent years that intensified significantly amid the war in Ukraine.

Multiple independent news outlets and rights groups have been shut down, labeled as “foreign agents” or outlawed as “undesirable.” Hundreds of activists and critics of the Kremlin have faced criminal charges.

Melkonyants' defense team said after the verdict that they will appeal. Lawyer Mikhail Biryukov told reporters that “there is no evidence" in the case that he and others on the defense team consider “politically motivated, pretentious.”

"We will fight for Grigory’s freedom, because an illegal, unjust verdict should not exist. It should not stand (in the appeal proceedings). We all hope that the law will prevail,” Biryukov said.

With the time Melkonyants has already spent in detention taken into account, he will have to serve less than half of the term he was handed down, according to Mediazona.

Memorial, Russia's prominent human rights group that won the Nobel Peace Prize in 2022, has designated Melkonyants as a political prisoner.

Grigory Melkonyants, co-chair of Russia's leading independent election monitoring group Golos looks at the media as he stands in a cage in a courtroom prior to a hearing in Basmanny district court in Moscow, Russia, Wednesday, May 14, 2025. (AP Photo/Alexander Zemlianichenko)

Grigory Melkonyants, co-chair of Russia's leading independent election monitoring group Golos looks at the media as he stands in a cage in a courtroom prior to a hearing in Basmanny district court in Moscow, Russia, Wednesday, May 14, 2025. (AP Photo/Alexander Zemlianichenko)

Grigory Melkonyants, co-chair of Russia's leading independent election monitoring group Golos looks at the media as he stands in a cage in a courtroom prior to a hearing in Basmanny district court in Moscow, Russia, Wednesday, May 14, 2025. (AP Photo/Alexander Zemlianichenko)

Grigory Melkonyants, co-chair of Russia's leading independent election monitoring group Golos looks at the media as he stands in a cage in a courtroom prior to a hearing in Basmanny district court in Moscow, Russia, Wednesday, May 14, 2025. (AP Photo/Alexander Zemlianichenko)

Grigory Melkonyants, co-chair of Russia's leading independent election monitoring group Golos looks at the media standing in a cage in a courtroom prior to a hearing in Basmanny district court in Moscow, Russia, Wednesday, May 14, 2025. (AP Photo/Alexander Zemlianichenko)

Grigory Melkonyants, co-chair of Russia's leading independent election monitoring group Golos looks at the media standing in a cage in a courtroom prior to a hearing in Basmanny district court in Moscow, Russia, Wednesday, May 14, 2025. (AP Photo/Alexander Zemlianichenko)

Grigory Melkonyants, co-chair of Russia's leading independent election monitoring group Golos who faces up to six years in prison, looks at the media standing in a cage in a courtroom prior to a hearing in Basmanny district court in Moscow, Russia, Wednesday, May 14, 2025. (AP Photo/Alexander Zemlianichenko)

Grigory Melkonyants, co-chair of Russia's leading independent election monitoring group Golos who faces up to six years in prison, looks at the media standing in a cage in a courtroom prior to a hearing in Basmanny district court in Moscow, Russia, Wednesday, May 14, 2025. (AP Photo/Alexander Zemlianichenko)

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