From the casinos of Las Vegas to the hot springs of Reno, Nevada has plenty to offer both residents and visitors. When it comes to banking in the Silver State, you have plenty of options to consider. Nevada’s banking landscape is as diverse as it is dynamic.
Whether you’re looking for high-interest savings accounts, budget-friendly checking options, or robust mobile banking features, there’s likely a bank or credit union in Nevada that’s right for you. Read on to discover the best banks in Nevada and what they offer to meet your financial needs.
12 Best Banks in Nevada
The best banks in Nevada offer various services, rates, and perks that can cater to different lifestyles and needs. Whether you’re a small business owner, a student, or someone looking to optimize your savings, you’ll find a bank on this list that aligns with your goals.
1. U.S. Bank
U.S. Bank stands as a towering figure in the state’s banking scene with its abundant network of branches and ATMs.
The bank is currently welcoming new applicants in 26 U.S. states with a special online promotion:
- Earn up to $1,000 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 October 31, 2023. Member FDIC.
- Applicant must reside in AZ, AR, CA, CO, ID, IL, IN, IA, KS, KY, MN, MO, MT, NE, NV, NM, NC, ND, OH, OR, SD, TN, UT, WA, WI, WY to be eligible for Checking account.
In addition to this promotion, U.S. Bank offers a diverse range of financial services. You can manage your checking and savings accounts, apply for loans, and explore investment opportunities using their user-friendly online and mobile banking platforms.
Opening a checking account is straightforward with a minimum initial deposit of just $25. Although there is a $6.95 monthly service fee, it can be waived if you maintain a minimum daily balance of $1,500 or have direct deposits totaling at least $1,000 monthly. Also, enjoy the benefit of no-fee overdraft protection transfers from a linked deposit account.
When it comes to saving, the bank has appealing rates with up to 4.50% APY on money market accounts and 4.75% APY on CDs, helping you to grow your money steadily.
2. SoFi
SoFi offers a high-yield online Checking & Savings account that stands out with no monthly fees and notable interest rates: an impressive 4.50% APY for savings and 0.50% APY on checking balances.
Banking with SoFi is easy with features such as early direct deposit, which can speed up your paycheck receipt by two days. Debit cardholders can also enjoy up to 15% cash back at specific local establishments.
For peace of mind, SoFi ensures FDIC insurance coverage up to $2M. It aids customers during shortfalls by offering up to $50 overdraft coverage without fees for those with qualifying direct deposits. New users have a chance to earn between $50 and $250 in bonuses, depending on their direct deposit amounts.
In addition, SoFi customers get access to a broad network of over 55,000 Allpoint® Network ATMs, making it a preferred choice for many.
3. Chase Bank
There are quite a few national banks in Nevada, including Chase, which has 62 branches in the state, including Las Vegas, Henderson, Reno, Sparks, and more.
Chase’s signature checking account, Total Checking, waives the $12 monthly fee as long as you receive $500 or more in direct deposits or maintain a $1,500 balance. There’s no minimum deposit or minimum balance requirements. Plus, you can get a $200 bonus if you open a new checking account and enroll in direct deposit.
Aside from checking accounts, Chase offers savings accounts, CDs, some of the best travel credit cards, home and auto loans, and much more.
4. Nevada State Bank
Nevada State Bank, a part of Zions Bancorporation, N.A, is a good local bank in Nevada. With your Nevada State Bank debit card, you can enjoy fee-free ATM transactions at all Nevada State Bank and Zions Bancorporation ATMs.
You can take advantage of a free checking account here; to avoid a $9 monthly fee, ensure a monthly direct deposit of at least $250 or make a minimum of 10 debit card purchases. To open an account, a $50 initial deposit is necessary.
For savers, the bank offers an attractive up to 4.75% APY on CDs. Other features include specially designed military checking accounts and a wide variety of loan options.
5. GO2bank
GO2bank is a convenient online bank that lets you set up a checking account quickly. It also offers a high-yield savings account with a 4.50% APY for balances up to $5,000.
Customers have access to over 90,000 locations to deposit cash and the use of 55,000 ATMs without incurring extra fees. Plus, transferring funds to other banks is free. Another benefit is that you can receive your paychecks up to two days early or government checks up to four days early.
Avoiding the $5 monthly fee is easy by setting up monthly direct deposits. In case you overspend, GO2bank offers a safety net, covering you for up to $200.
Those aiming to build or improve their credit score can opt for the GO2bank Secured Visa Credit Card, a tool that helps to foster better credit habits and enhance your credit score.
6. Zions Bank
Zions Bank is a regional bank with branches in Nevada, as well as in Arizona, California, Colorado, Idaho, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. Like most banks, Zions Bank offers features like mobile check deposit and online bill pay.
Opening a checking account with Zions Bank is hassle-free with no monthly service fees and no mandatory minimum balance; a $50 initial deposit is all that is required. Customers looking to save have opportunities with 5.20% APY on CDs and a reasonable money market account rate.
Small business owners can particularly benefit from working with Zions Bank, as it offers an array of business accounts, including business checking accounts and credit cards designed for businesses.
7. Bank of America
Bank of America is a national bank that you can find in 38 states, including Nevada. It is known for offering a range of financial services and for having a strong presence in many communities, providing accessibility and convenience to its customers.
With the Advantage Plus checking account, you can avoid the $12 monthly fee easily. Just be sure to either have at least one electronic deposit of $250 or more each month, maintain a minimum balance of $1,500, or be a part of the Preferred Rewards program. And don’t worry about overdraft fees; they don’t charge you for that.
Opening an account is a breeze with a minimum deposit of just $100. If you’re planning to save, you can open a CD account with them, which offers an interest rate of up to 4.75% APY.
Bank of America gives you more than just banking services; they offer great bonuses on their new credit cards. And for those looking into wealth management, they have services to assist you with that as well.
8. One Nevada Credit Union
One Nevada Credit Union is open to anyone who lives, works, goes to school, or attends church in Clark, Nye, or Washoe County. Being a part of this credit union provides you with access to a lot of benefits, including good rates on loans.
Opening a One Checking Account is pretty easy. It comes with a $5 monthly fee that you don’t have to pay if you keep an average of $2,000 in your bank account every day or use your debit card for at least 15 signature-based purchases in a month. To start your membership, you just need to pay a one-time fee of $5.
When it comes to withdrawing money, you can do it for free at any One Nevada Credit Union ATM and over 46,000 Allpoint ATMs all over the country.
If you’re thinking about saving, they offer up to 4.59% APY on CDs. Plus, your One savings account will earn dividends that are paid out every month. They also offer competitive rates on personal loans.
9. Wells Fargo
Wells Fargo operates extensively as a national bank in Nevada, having branches in notable cities like Las Vegas and Henderson. Their mobile banking app facilitates most transactions, though customers also benefit from fee-free access to a grand network of 12,000 ATMs nationwide.
Setting up a checking account is hassle-free with Wells Fargo. You can enjoy a service devoid of monthly fees by either maintaining a $500 minimum balance or by receiving qualifying direct deposits amounting to $500 or more each statement period.
To initiate a checking account, a minimal deposit of $25 is required. New customers have an added advantage as they can secure a $300 bonus upon opening a checking account.
Wells Fargo doesn’t just stop at checking accounts. They present a suite of financial products, including but not limited to savings accounts tailored even for kids, CDs, and an array of credit card options. Furthermore, the bank offers various loans, such as home, personal, and auto loans, and caters to small businesses by providing various business accounts.
10. WaFd Bank
WaFd Bank is a regional bank with branches in Nevada, Arizona, Idaho, New Mexico, Oregon, Texas, Utah, and Washington. It provides a local banking atmosphere in every region it serves. With more than 200 branches and access to MoneyPass ATMs nationwide, it offers both reach and convenience.
Starting a checking account is simple and affordable with a low initial deposit requirement of $25 and no monthly maintenance fees. Customers also enjoy favorable rates, with opportunities to earn up to 5.00% APY on CDs and 2.00% APY on money market accounts, promoting good savings habits.
Additionally, WaFd Bank’s mobile app offers handy budgeting and financial management tools, guiding you towards a stable financial future.
11. First Foundation Bank
First Foundation Bank stands tall as another regional bank in Nevada, offering several checking account options, including a free one that kicks off with a $100 opening deposit. There are no monthly maintenance fees to worry about, and the bank doesn’t enforce a daily minimum balance rule, giving you more control over your funds.
Although it lacks a national ATM network, it compensates by reimbursing up to $20 in ATM fees from other banks every month. What sets First Foundation apart is the impressive interest it offers on its savings account, with an APY of 4.85%.
First Foundation Bank also offers business banking services, including business checking accounts. business loans, and lines of credit.
12. Plumas Bank
Plumas Bank is a local bank serving Northeastern California and Northern Nevada that offers attractive rates on CDs alongside various checking account options.
For a hassle-free banking experience, opt for the basic checking account which dismisses monthly fees when you make at least 10 signature-based transactions using your debit card and sign up for e-statements. Setting up the bank account is straightforward with a $100 minimum opening deposit, and there’s no daily minimum balance to keep up with.
Plumas Bank also offers a basic savings account, and one that has a monthly maintenance fee of $4. Beyond personal banking, Plumas stands out for its substantial support for small business owners and its commitment to excellent customer service, earning high ratings in this regard.
How to Choose the Best Bank in Nevada
When on the hunt for the best bank in Nevada, it is essential to consider various factors that cater to your financial needs and lifestyle. Nevada is home to a range of banks, each with its unique offerings and benefits. Here’s what to look for to identify the best bank in Nevada for you:
- Service and accessibility: Whether you narrow your search to online banks or you’re looking for the best national bank, chances are, you’ll be able to manage your account online. Online and mobile banking features are also crucial for easy access to your accounts anywhere, anytime. If you prefer brick and mortar banks, ensure the bank or credit union has branches and ATMs conveniently located near you.
- Fees and requirements: Analyzing the fees associated with maintaining an account is vital. Look out for banks offering low or no monthly fees, and understand the requirements to waive such fees, such as minimum balance or direct deposit mandates. Some of the best checking accounts also consider your balance across all your accounts rather than setting a requirement for each. If you have two checking accounts or a checking and savings account with the same bank, you’ll be able to more easily meet that requirement.
- Interest rates: If you plan to open a savings account or CD, examining the interest rates is crucial. Some checking accounts pay interest also, but may charge fees that supersede any earnings. The best banks in Nevada usually offer competitive rates, helping you grow your savings steadily.
- Additional perks: Many banks offer extra perks such as cashback, bonuses for opening new accounts, and robust online banking platforms and mobile apps. These features can add substantial value to your banking experience.
- Customer service: Prioritize banks that are known for excellent customer service. A bank that rapidly responds to your queries will make your banking experience smoother.
- Business and wealth management services: If you’re a business owner, a reliable business checking account is essential for managing your day-to-day finances. In addition, if you have more complex financial goals like retirement planning or investment management, choosing a bank with robust wealth management services can provide you with the expert guidance you need.
- Reputation and reviews: Lastly, consider the reputation of the bank. Read reviews and ask for recommendations to get an understanding of the customer satisfaction level at different banks.
By carefully considering these aspects, you will be well on your way to selecting the best bank in Nevada that aligns with your financial goals and preferences. The “best” is subjective, and depends largely on individual circumstances. Also, remember that you always have the option of having multiple bank accounts.
Types of Banks in Nevada
In Nevada, you’ll discover a wide variety of financial institutions tailored to suit the different preferences and priorities of the local population. Understanding the different types of banks can help you make an informed decision when choosing where to bank. Here are the common types of banks you’ll encounter:
National Banks
National banks operate in many states across the country, offering a vast network of branches and ATMs. They provide a wide array of services and products, often coupled with advanced technology for online and mobile banking. Bank of America and Wells Fargo are examples of national banks available in Nevada.
Regional Banks
Regional banks usually operate in a specific area or a few states, providing localized services while maintaining a wide range of offerings like national banks. They aim to combine the best of both worlds by building close ties with local residents. Examples include U.S. Bank, Zions Bank, and WaFd Bank.
Community Banks
Community banks are smaller institutions focused on serving the local population in specific cities or counties. They are characterized by personalized service, understanding of the local market, and strong ties to their communities. First Foundation Bank and Plumas Bank are notable examples in Nevada.
Credit Unions
Credit unions are member-owned non-profit organizations that typically offer favorable interest rates and lower fees compared to traditional banks. They often focus on serving communities and might have eligibility criteria based on location, occupation, or membership in a particular group. One Nevada Credit Union, Silver State Schools Credit Union, and Clark County Credit Union are popular choices in the region.
Online Banks
Online banks operate virtually without physical branches, offering services primarily through websites and mobile apps. They tend to offer higher rates on savings accounts and lower fees due to reduced overhead costs. SoFi and GO2bank are examples of digital banks offering services to Nevada residents.
Bottom Line
Choosing the right bank in Nevada is a significant step in setting a solid foundation for your financial journey. The state of Nevada has a wide variety of banks, each offering unique benefits to cater to different financial goals and lifestyles.
Whether you are drawn to higher interest rates, a user-friendly mobile banking experience, or community involvement, the banking landscape in Nevada has something to suit everyone. As you explore your options, take a careful look at the fees, interest rates, and the added perks that each bank affords its customers.
Finding the best bank for you is all about identifying an institution that aligns with your financial goals and lifestyle preferences. Remember to choose a banking partner that meets your current needs and aids in fostering your financial growth in the long run. Happy banking in the Silver State!
