Update 1/15/26: It seems they are changing to a system where all ETFs, stocks, mutual funds trades are fee-free. I suppose when they sent out about ‘100 free trades going away’ it was part of this shift to not charging fees on most regular trades. So this looks like a positive rather than a negative.
Original Post 12/11/25:
Many of us have a brokerage account with U.S. Bank to get in on the grandfathered Smartly Visa 4% cashback card. The bank has sent out notice that the benefit of 100 free trades per year is going away in February 2026.
Effective February 16, 2026, important changes will be reflected in the Consumer Pricing Information may affect your rights. You can view this document anytime on our website at usbank.com/cpi document.
– Our affiliate, U.S. Bancorp Investments (USBI) is transferring its retail business and personnel into our other affiliate, U.S. Bancorp Advisors (USBA).
– The U.S. Bank Smart Rewards benefit of 100 Free Trades per calendar year with a self-directed brokerage account, exclusively through our affiliate, U.S. Bancorp Investments, will no longer be offered.
Most of our readers who have the U.S. Bank brokerage probably just hold $100k inside without much activity, but worth keeping this in mind.
Hat tip to reader RV and Precisely
