14 Best Banks in Montana for 2024

Montana is a beautiful place to live, with its waterways and mountainous terrain. If you live and work in the state, you likely need a great place to park your money. The best banks in Montana give you everything you need to pay your bills and manage your money, while also keeping fees to a minimum.

The banking industry in Montana is thriving, with a wide range of brick and mortar banks that include local, national, and regional banks. Online banking can be a great option, as well, offering reduced fees and savings rates that are above the national average.

Welcome to Montana

14 Best Banks in Montana

This list offers a combination of different bank accounts to help you find the right combination of features to fit your needs.

1. U.S. Bank

U.S. Bank operates 21 branches across 14 towns in Montana. While the bank has ATMs throughout Montana, it doesn’t operate in every state.

U.S. Bank is currently welcoming new applicants with a special online offering:

  • Earn up to $700 when you open a new U.S. Bank Smartly® Checking account and a Standard Savings account, and complete qualifying activities.
  • Subject to certain terms and limitations. Offer valid through June 27, 2024. Member FDIC.
  • Offer may not be available if you live outside of the U.S. Bank footprint or are not an existing client of U.S. Bank or State Farm.

The account includes a free debit card that can be locked or unlocked if ever misplaced or stolen. There are no ATM transaction fees at U.S. Bank ATMs and no surcharge fees at over 40,000 MoneyPass® Network ATMs.

The checking account requires a $25 opening deposit and a $6.95 monthly fee. This fee can be waived for those 24 and under, 65 and over, or military members (must self-disclose).

Additionally, the fee can be waived with monthly deposits of $1,000+, an average balance of $1,500+, or holding an eligible U.S. Bank credit card. Qualifying for any Smart Rewards® tier (Primary, Plus, Premium, or Pinnacle) also waives the fee.

2. SoFi

If you’re searching for a rewarding online banking experience with high interest rates, the SoFi Checking & Savings account is an outstanding option. This account eliminates monthly fees and offers an attractive 4.60% APY for savings and 0.50% APY for checking account balances.

A notable advantage of SoFi is the early direct deposit feature, allowing your paycheck to be deposited up to two days earlier than the traditional schedule.

SoFi provides up to $50 in no-fee overdraft coverage for accounts receiving qualifying direct deposits. Additionally, customers get comprehensive FDIC insurance protection up to $2 million.

New account holders can also receive a welcome bonus between $50 to $300, based on their direct deposit amount.

With the convenience of more than 55,000 free Allpoint® ATMs, SoFi is rapidly becoming the preferred choice for those seeking a robust banking solution.

3. First Interstate Bank

First Interstate Bank is a popular choice in Montana and many other states, having branches in places like Wyoming and Washington. One big advantage of choosing this bank is being able to use many ATMs nationwide without paying extra fees.

With First Interstate Bank, you just need $100 to open a checking account. Plus, if you’re under 24, you won’t have to pay any monthly fees. Otherwise, there’s a $5 monthly fee that can be waived if you either set up a direct deposit or keep at least $250 in your account every day.

Saving with First Interstate can be a smart move. You can earn a nice bit of interest with their savings and money market accounts, or even more if you choose to open a CD account.

If you’re considering getting a new credit card, they offer a FirstRewards World Mastercard with a special bonus of 5,000 points when you open it with a checking account. They even provide wealth management services to help you make the most of your money.

4. GO2bank

GO2bank is an online-only bank that integrates all your banking functions into its app. You’ll get most of the features you need to manage your bank account in the app, including mobile check deposit and the ability to transfer money from checking to your savings account.

GO2bank is an online-only bank that offers straightforward checking and savings accounts with no minimum balance requirements. The highlight is the savings account, with an impressive 4.50% annual interest on balances up to $5,000.

Depositing cash is easy with 90,000 retail locations available. With early direct deposit, you get access to your paycheck two days early and government benefits four days sooner.

Additionally, setting up direct deposit gets rid of the $5 monthly fee, and the bank offers a safety net of up to $200 through its overdraft protection plan for those unexpected financial moments.

GO2bank also offers a Secured Visa Credit Card, a useful tool in building a positive credit score.

5. Stockman Bank of Montana

Stockman Bank of Montana is a local bank. It stands as the largest family-owned bank in Montana, with several branches across the state.

Opening a free checking account is simple with a $100 minimum deposit, and there are no ongoing requirements for a minimum balance. You’ll also enjoy the benefit of having no monthly maintenance fees.

If you’re considering saving with a CD, the bank offers rates up to 4.39% APY, allowing you to grow your savings substantially over time. With its convenient locations and favorable terms, Stockman Bank of Montana is worth considering for your banking needs in the state.

6. Opportunity Bank of Montana

Opportunity Bank of Montana, located in Helena, is a community bank that extends its services nationwide through an expansive ATM network. They offer two free checking accounts to cater to different needs.

The Opportunity Checking account covers all the necessities. For those looking to earn as they spend, the Opportunity Reward Checking comes with a 1% unlimited cash back on qualifying purchases.

To qualify, maintain a monthly direct deposit of at least $1,000 and make a minimum of 10 qualifying debit card transactions.

Opening an account is straightforward with a $100 initial deposit and there are no worries about maintaining a daily minimum balance. Plus, there are no monthly service fees to contend with.

This Montana bank also offers health savings accounts and Christmas savings accounts, and various personal loans, adding to its appeal as a versatile banking choice in Montana.

7. Glacier Bank

Glacier Bank is a regional bank that has over 220 branches in Montana, Idaho, Utah, Washington, Wyoming, Colorado, Arizona, and Nevada. The checking account comes with no monthly fees, and there is no minimum deposit or balance required to maintain your account.

You’ll have the freedom to withdraw cash without charges at any Glacier Bank or at over 55,000 Allpoint ATMs around the world. This is particularly useful for those who travel frequently or find themselves in different parts of the world.

Glacier Bank also offers rich business banking services to help enterprises develop and oversee their finances effectively. Moreover, new personal and business checking account holders will be welcomed with a special thank-you gift, adding a personal touch to your banking experience.

8. Chase

Chase Bank has a solid presence in Montana, with branches in cities like Helena and Billings. It also stands as a national powerhouse with over 4,800 branches across 48 states and D.C.

A popular choice is the Chase Total Checking account, a popular choice that can be maintained without a monthly fee if you meet certain conditions such as having electronic deposits totaling at least $500 monthly, or keeping a certain balance.

The account comes with no demands for a minimum opening deposit or minimum balance requirement, giving you flexibility in managing your finances. If you’re looking to save, their CDs offer rates up to 3.75% APY, providing a promising avenue for investment.

New customers opening a checking account can get a welcome bonus of $300, and AutoSave allows easy transfers to your savings account, promoting effortless savings.

9. Farmers State Bank

Farmers State Bank is a community bank with several locations in Montana. You can start an account with a modest opening deposit of $25, and enjoy no monthly fees and no ongoing minimum balance requirements.

The bank offers competitive rates for those looking to save, with up to 2.27% APY on money market accounts and as high as 4.59% APY on CDs.

In addition, Farmers State Bank stands out with its additional offerings such as consumer and business loans to support your financial goals. They also foster education through their scholarship program for students, showing their commitment to the community.

10. Trailwest Bank

Trailwest Bank, locally owned and operating in Ravalli, Missoula, Mineral, and Flathead counties, offers residents checking and savings options that come with a welcoming community touch. With an initial deposit of just $25, you can open a checking account that does not demand a daily minimum balance.

The rewards checking account dishes out unlimited ten cent rewards with each purchase made using the associated debit card, all without incurring fees. This means every purchase comes with a small bonus back into your account.

The bank further enhances its services by offering a range of personal loans to cater to various financial needs, along with business checking and savings accounts for entrepreneurs.

11. Ally

Ally shines as an online bank, especially with its attractive interest rates across multiple accounts. Its checking yields up to 0.25% APY, and the savings account offers an impressive 3.85% APY. A highlight for Ally account holders is the ‘spending buckets’ tool, aiding in effective budget management.

Ally Bank is customer-friendly with no monthly or overdraft fees. Opening an account is straightforward, without any minimum deposit or daily balance constraints.

Additionally, Ally provides free access to over 53,000 Allpoint ATMs nationwide and reimburses up to $10 monthly for non-network ATM fees.

Their CDs and money market accounts boast 4.80% and 4.15% APY, respectively. Additionally, features like Robo Portfolios and CoverDraft enhance the overall banking experience, which makes Ally a top choice for many.

12. Independence Bank

Independence Bank stands out as a favored option among local Montana banks, featuring multiple physical branches throughout the state. It prioritizes in-person customer service, something characteristic of brick-and-mortar banks.

Customers can select from several checking accounts, such as the Freedom Checking account. This account grants unrestricted check-writing privileges, along with access to online and mobile banking facilities. Essential features including free direct deposit, a debit card, and eStatements are also part of the package.

Independence Bank also offers substantial business checking accounts. Furthermore, account holders who are 60 years and above enjoy special benefits, adding a nice touch to its service offerings.

13. Valley Bank of Kalispell

Valley Bank of Kalispell has been a reliable part of the community for over a century, operating with a main office in downtown Kalispell and a loan office in Eureka. This bank offers a selection of basic checking accounts without monthly maintenance fees, each designed to suit different needs.

Getting started with Valley Bank is relatively straightforward, with a $50 minimum deposit and no ongoing balance requirements.

Customers can also take advantage of fee-free withdrawals at both Valley Bank and nationwide MoneyPass ATMs. They also present a broad spectrum of auto and recreational vehicle loan options, further accommodating the diverse needs of their clientele.

14. Wells Fargo

Wells Fargo is a national bank with a presence in 37 states through its 4,900 branches. A notable offer is the $300 bonus that new clients can secure by opening an Everyday Checking Account with a mere $25 and ensuring a total direct deposit of at least $1,000 within the initial 90 days.

Although there is a $10 monthly fee, meeting certain conditions can have it waived. The bank doesn’t enforce a daily minimum balance rule but does require a $25 opening deposit.

Customers can also earn interest, with rates reaching up to 2.51% APY on savings accounts and 4.51% APY on CDs. In addition, the mobile banking app grants users access to their FICO score.

How to Choose the Best Bank in Montana

Selecting among the best banks in Montana is a significant step in securing a financial pathway that caters to your lifestyle. It involves analyzing various elements that can fundamentally impact your banking experience. To help you make an informed decision, we’ve outlined the following factors:


Given Montana’s expansive landscape, proximity to physical bank branches can be a decisive factor. Many of the best banks in Montana offer an extensive network of branches, facilitating convenient access to banking services. Consider how vital in-person banking is to you and choose a bank that caters to this need proficiently.

Fee Structure

Banks have different fee structures, including monthly maintenance fees, ATM usage charges, and overdraft fees. A bank that offers low or no fees can potentially save you a significant amount of money in the long run. Analyze the fee structures of different banks to find the one that is most economical for you.

Interest Rates

Whether you’re looking for the best savings accounts, the best checking accounts, or CDs, interest rates can be a deal-breaker. Many of the best banks in Montana feature competitive interest rates, so you can maximize your savings. Always compare rates on various financial products before making your choice.

Safety and Security

Ensuring your deposits are safe should be a top priority. The best banks in Montana are insured by the Federal Deposit Insurance Corporation (FDIC), which means your deposits are typically protected up to $250,000 per depositor, per bank. This protection gives you peace of mind, knowing that your money is secure.

Additional Perks

Banks often lure customers with a range of additional perks, such as rewards programs, signup bonuses, and other financial incentives. Evaluate the perks offered by various banks and assess how beneficial they will be in your financial landscape.

Online and Mobile Banking

In today’s world, convenient online and mobile banking services are a must. The best banks in Montana offer secure and user-friendly platforms, accessible through both websites and mobile apps. Features usually include mobile check deposits, bill pay, and easy account management. Ensure your chosen bank provides these modern amenities to facilitate smooth banking operations.

Customer Service

Lastly, consider the quality of customer service. Responsive and helpful customer service can make your banking experience smooth and hassle-free. Take time to read reviews and possibly consult with current customers to get a sense of the service quality at different banks.

Remember, the “best” bank will vary based on individual preferences. Take time to assess your financial habits and goals, and use this understanding as a guideline to choose from the best banks in Montana. It might be beneficial to create a list of non-negotiables to help streamline your decision process further.

Types of Banks to Consider in Montana

When searching for the ideal banking partner in Montana, it is essential to understand the different types of banks available and what each one offers. Here, we outline the major categories of financial institutions you might consider:

National Banks

National banks have a presence across the country, often complemented by a wide array of services including personal and business banking, loans, and investment solutions. These banks are characterized by a vast network of branches, providing convenience, especially if you travel frequently or have financial interests in different states. Some popular national banks in Montana include U.S. Bank, Wells Fargo, and Chase.

Regional Banks

Regional banks operate in specific areas of the country, offering a somewhat narrower range of services compared to national banks. They balance the blend of local insights with the capabilities to offer a wide array of services. Banks like Glacier Bank and Stockman Bank of Montana are examples of regional institutions with a significant presence in the state.

Community Banks

Community banks are smaller financial institutions focused on serving the local residents of a specific area. They are known for their personalized service and in-depth understanding of the local community’s needs. Banks such as Valley Bank of Kalispell and Farmers State Bank fall into this category, providing a range of services tailored to meet the needs of Montanans.

Online Banks

Online banks operate exclusively on the internet, offering services without brick-and-mortar locations. These banks often offer competitive interest rates and lower fees due to their lower overhead costs. Chime, GO2bank, and Ally are examples of online banks providing Montanans with a range of services including online checking accounts, high-yield savings accounts, and budgeting tools.

Credit Unions

Credit unions are member-owned financial cooperatives that offer a range of banking services, typically at lower costs than commercial banks. They are known for their community-focused approach and generally offer personalized services to their members. In Montana, you can find several credit unions catering to different communities, providing a more personalized level of service.

Stephanie Faris
Meet the author

Stephanie Faris is a professional finance writer with more than a decade of experience. Her work has been featured on a variety of top finance sites, including Money Under 30, GoBankingRates, Retirable, Sapling, and Benzinga.