Star Tribune: U.S. Bank rolls out Checkless Account Aimed at the Underbanked

“U.S. Bank is the latest financial company to aim for customers outside the financial mainstream by rolling out a bank account for people with as little as $25 to deposit.

On Monday the bank is to announce the checkless “Safe Debit Account,” which comes with a debit/ATM card and will not allow overdrafts. It will let customers pay bills, deposit money and use the bank’s online and mobile banking platforms.”

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