The new solution brings advanced ACH, wire transfer and instant payment capabilities directly to the secure online banking dashboard
MINNEAPOLIS, July 8, 2026– (BUSINESS WIRE) – US Bank today announced the launch of Enhanced Payments, a new packaged solution that helps small business owners move money quickly and more cost-effectively – directly in US Bank’s online banking and in the bank’s mobile app.
Enhanced Payments integrates advanced money movement capabilities into the existing digital banking experience, helping businesses save time and reduce costs. Businesses can make international transfers digitally instead of in a branch and transfer money quickly with convenient options like same-day ACH and instant payments. With lower fees per transaction, secure anytime, anywhere access, and multiple payment options – including ACH, wire transfers and instant payments – the bundled solution gives business owners more control and clarity over their cash flow.
The launch is part of U.S. Bank’s broader strategy to provide seamless, fully integrated solutions within a dedicated online banking ecosystem for business owners. This online banking experience offers owners the ability to closely track all of their accounts, move money, and conduct other activities through a single digital interface.
In addition to Enhanced Payments, US Bank is rolling out new features for all online banking business users. These updates include transaction limits tailored to growing small businesses and tools to help owners choose the money transfer option that works best for them.
“We are excited to launch Enhanced Payments as we continue to expand a digital ecosystem that supports the banking needs of small business owners,” said Shruti Patel, chief product officer for business banking at US Bank. “By integrating advanced money movement capabilities directly into online banking, we help our customers transfer money quickly and conveniently. This solution not only saves time and reduces costs, but also gives business owners the flexibility and clarity they need to securely manage payments as they grow.”
Enhanced Payments is offered as a $25 per month subscription, which offers significant discounts on per-transaction fees. For example, domestic transfers cost $16 per transaction for subscribers, compared to $30 per transaction for non-subscribers using online banking.
The launch of Enhanced Payments builds on US Bank’s ongoing efforts to bring together interconnected products that provide business customers with a seamless, one-stop experience. Recent innovations include:
Business Essentials: An award-winning all-in-one business checking account combined with payment acceptance features.
Spend Management: A tool that allows businesses to monitor, track and control card-based spending.
US Bank Bill Pay for Business: A powerful all-in-one cash management platform for small business owners.
US Bank Payroll: An embedded solution that allows small business owners to seamlessly manage payroll within online banking.
For more information about Enhanced Payments, visit usbank.com/enhancedpaids.
Through US Bank
Headquartered in Minneapolis, US Bancorp is the parent company of US Bank National Association, the fifth-largest commercial bank in the United States. Our three core business units serve 15 million customers worldwide, and our team of nearly 70,000 employees dedicate their hearts and minds to empowering human potential every day. Ranked No. 110 on the Fortune 500 list, we are widely respected for our culture and long-term stewardship and admired for our diversified business mix and product expertise.
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Contacts
Media contact:
Rick Rothacker, Public Affairs & Communications at US Bank
richard.rothacker@usbank.com
https://finance.yahoo.com/small-business/articles/u-bank-launches-enhanced-payments-110000082.html
