U.S. Bank

U.S. Bank is a US bank, part of U.S. Bancorp, that combines merchant acquiring, business services and escrow. The legal entity is U.S. Bank National Association, and the bank is also known through Elavon.

Merchant acquiring

The bank includes merchant acquiring in its payments business and describes Elavon as its bank subsidiary and a large acquirer in Europe. The group's solutions are designed for retail, restaurants, hotels and small and medium-sized businesses. The contracting entity depends on the market, so a merchant should confirm which company signs the agreement.

Escrow and corporate trust

Global Corporate Trust provides business escrow for M&A, private placements, litigation settlements, real estate and contractor retainage. The team supports KYC, documentation, custody, investment options and distribution of funds.

Institutional and crypto services

The listed client types include businesses, institutional investment managers, registered funds, private funds and Bitcoin ETFs. The bank is associated with crypto custody through a sub-custodian arrangement, and it is relevant for institutional investors rather than for retail users.

What to confirm

Account types, fees, opening deposits, KYB documents, card networks and deposit protection vary by legal entity and market. Request them from the bank for the specific service you need.