U.S. Bank Earns MONEY’s “Best Banks” Recognition
October 26 2016 - 12:20PM
Business Wire
U.S. Bank has earned recognition by MONEY as one of its
2016-2017 Best Banks, according to the annual survey released
today. U.S. Bank was named the "Best Big Bank" in a tie with TD
Bank.
“Our customers are at the heart of everything we do,” said
Richard Davis, chairman and chief executive officer of U.S. Bank.
“Our employees are focused on doing the right thing for our
customers, and to be their most trusted choice for financial
services. This recognition is a credit to their passion and hard
work.”
“U.S. Bank provides a winning combination of broad coverage,
easily waived maintenance fees (with a $1,500 average monthly
balance on basic checking, say), and great service,” MONEY reports
in its article. “It has outposts in half the states in the country,
with a particularly strong presence in the West, and takes top
marks for customer service, according to J.D. Power. And the bank
offers discounted auto and other loan rates to customers—something
done by fewer than half of the brick-and-mortar banks MONEY
analyzed.”
MONEY analyzed the 75 largest brick-and-mortar banks and online
banks by consumer deposits—based on data from consulting firm
Novantas—as well as the 50 biggest credit unions, selecting those
you can join via a one-time payment to an associated group. From
almost 800 accounts, MONEY gathered 27,000-plus data points,
including account terms, ATM networks, branch hours, mobile-app
features, preferential loan rates, and other benefits.
For Best Big Bank, Regional Banks, Online Bank, and Credit Union
for Everyone, MONEY screened first for banks with checking accounts
that let you avoid all maintenance and ATM fees with a balance of
no more than $5,000. Of those, MONEY gave points for reimbursement
of other ATMs’ surcharges; interest paid on checking and savings;
published J.D. Power customer service ratings, when available; loan
discounts; geographic reach; and mobile apps.
Yesterday, U.S. Bank earned recognition as the “Most Trusted
Retail Bank” for the 10th year in a row from the Ponemon Institute
in its Privacy Trust Study for Retail Banking. U.S. Bank is also
one of only two domestic banks earning recognition from third-party
organization Ethisphere as one of the World’s Most Ethical
Companies, an honor U.S. Bank earned for the second year in a
row.
Minneapolis-based U.S. Bancorp (NYSE: USB), with $454 billion in
assets as of September 30, 2016, is the parent company of U.S. Bank
National Association, the fifth-largest commercial bank in the
United States. The company operates 3,114 banking offices in 25
states and 4,875 ATMs and provides a comprehensive line of banking,
investment, mortgage, trust and payment services products to
consumers, businesses and institutions. Visit U.S. Bancorp on the
web at www.usbank.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20161026006402/en/
U.S. Bank Corporate CommunicationsTeri Charest,
612-303-0732teri.charest@usbank.com@usbank_news
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