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U.S. Bank Joins MoneyPass ATM Network, Gives Customers Surcharge-Free Access to 12,000 MoneyPass ATMs

MINNEAPOLIS--(BUSINESS WIRE)--June 27, 2006--U.S. Bank has joined the MoneyPass surcharge-free ATM network giving customers surcharge-free access to an additional 7,000 ATMs nationwide, in addition to the nearly 5,000 U.S. Bank-owned ATMs that they already use free of charge.

"MoneyPass is the fastest growing surcharge-free network in the nation, and our customers will benefit tremendously from lower cost ATM access nationwide. Customers who are not near a U.S. Bank ATM should look for the MoneyPass logo to take advantage of the savings," said Steve SaLoutos, senior vice president of products and services at U.S. Bank. "This new benefit cuts the customer's cost of using a non-U.S. Bank ATM in half, as long as the ATM is part of the MoneyPass network. We estimate it will save customers approximately $1.1 million in ATM surcharge fees."

Depending on their account type, U.S. Bank customers may continue to be assessed a fee when using non-U.S. Bank ATMs (also known as a "foreign fee"). This fee covers the costs that U.S. Bank is charged directly when its customers use ATMs owned by other financial institutions. Customers save money through the elimination of the surcharge fee, which is assessed by the owner of the ATM. U.S. Bank-branded ATMs continue to be free for U.S. Bank account holders.

Customers are being notified of this new benefit through statement messages, ATM screens and ATM receipts in July. Also, beginning in July, a link to the MoneyPass ATM locator at www.moneypass.com will be available through www.usbank.com.

The MoneyPass network is owned by Genpass, which U.S. Bank acquired in 2005. Genpass operates as part of the Elan Financial Services division of U.S. Bank. U.S. Bank is part of U.S. Bancorp (NYSE:USB). With assets of $210 billion, U.S. Bancorp is the 6th largest financial holding company in the United States. The company operates 2,430 banking offices and 4,941 ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.

    CONTACT: U.S. Bank
             Teri Charest, 612-303-0732

    SOURCE: U.S. Bank
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding U.S. Bancorp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

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