US Bancorp (USB) DRIP
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DRIP Plan Highlights |
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Enrollment |
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Initial Purchase |
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$250 |
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Purchases |
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Minimum
purchase |
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$25.00 |
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Maximum purchase |
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$250,000.00 |
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Fees |
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Account
Setup Fee |
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$15.00 |
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Automatic
Invesment Fee |
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$2.00 |
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Optional
Cash Purchase |
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$2/$5 |
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Reinvestment
Fee |
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None |
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Sale Fee |
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$15.00 |
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Company
Web Site |
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Additional
Plan Information |
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U.S. Bancorp DRIP Details:
The US Bancorp Direct Stock Investment Plan offers a poor holding vehicle for your US Bank investment with account setup fees, and optional stock investment fees. For most long term investors a low cost brokerage such as Sharebuilder will likely be the lowest cost holding vehicle for your USB investment.
Pros:
Lower than average optional investment fees if you use electronic debit
No dividend reinvestment fees
Cons:
Account setup fee
Above average stock sale fee