U.S. Bank is as safe as any other financial institution that has its deposits protected by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency backed by the U.S. government that covers bank deposits up to a maximum of $250,000 per depositor. U.S. Bank also has stability on its side. Founded in 1863, its parent company, U.S. Bancorp, currently operates under the country's second-oldest national bank charter.
Whether you conduct your financial transactions in-person or online, U.S. Bank offers additional protections to keep your accounts safe, including data encryption for online transactions and expanded authentication options such as fingerprint scan, a one-time passcode, facial recognition, and more. All U.S. Bank branches have surveillance and security systems that monitor access in and out of the facility, too.
In addition, all U.S. Bank credit cards have a $0 liability guarantee, which means you're not financially liable for unauthorized charges made on your account if the card is lost or stolen. Nevertheless, if you suspect any suspicious activity on your account, or if your card is lost or stolen, contact U.S. Bank customer service at 1 (800) 285-8585.
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