9 Best Banks in Utah for 2024

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.

Key advantages include the early direct deposit feature, which allows you to get your paycheck up to two days before the typical payday.

Deposits in SoFi are FDIC-insured up to $2 million, offering a high degree of security for your funds. Overdraft protection is available up to $50, subject to specific eligibility criteria.

For new clients, SoFi presents an enticing welcome bonus, ranging from $50 to $300, based on the initial deposit amount.

For those needing regular ATM access, SoFi grants entry to over 55,000 Allpoint® Network ATMs, adding a layer of convenience to its broad array of features.

In summary, SoFi emerges as a compelling choice for individuals who value high-yield opportunities and additional banking benefits in Utah.

With an extensive network of 122 branches spread across Utah, Idaho, and Wyoming, including 95 branches in Utah, Zions Bank is deeply embedded in the community. The bank offers a versatile blend of online, mobile, and in-person banking options, making it easily accessible to a broad range of customers.

Zions Bank’s product offerings include checking and savings accounts, designed for efficient daily banking and secure savings growth. The bank also caters to the younger demographic with specialized student banking services.

For those with international financial needs, Zions provides foreign exchange solutions. Additionally, the bank offers Certificates of Deposit (CDs) and Individual Retirement Accounts (IRAs) for those looking to secure their financial future.

Mortgage loans from Zions Bank assist in home buying and property investments, while various credit card options address everyday spending needs. Personal lines of credit and auto loans are also available, offering flexible financing solutions.

The bank is known for excellent customer service. It aims to understand and meet each customer’s individual financial goals.

First Community Bank provides various personal and business banking products. These include online and telephone banking services, which offer customers easy access to their finances.

First Community Bank has 12 branches across Utah, making it a convenient choice for many residents. The bank offers checking and savings accounts, which are essential for everyday transactions and saving money.

It also provides retirement accounts, personal loans, mortgage loans, and various credit card options. These services are designed to support the financial needs of Utah bank customers at different stages of life.

Membership in America First Credit Union is available to those who live, work, attend school, volunteer, or worship in specific areas. This eligibility extends to immediate family members, offering a convenient way for households to manage their finances together.

America First Credit Union is known for its competitively priced products and attractive APYs on deposit accounts. As a not-for-profit organization, it can offer higher yields and lower fees compared to traditional banks. This benefit is a significant draw for those seeking value and efficiency in their banking services.

The credit union provides a wide array of banking products, frequently updating its offerings with new promotions.

Members can expect to find options like checking accounts, money market accounts, and various savings accounts including dedicated health, wedding, and education accounts. CDs and youth savings accounts are also available, along with IRAs for retirement planning.

America First Credit Union also offers a range of loan services including auto, R.V., and power sport loans, personal loans, home equity loans, and mortgages.

Spread across Utah with 11 locations, Central Bank ensures accessibility and convenience. Each branch focuses on providing personalized service, catering to a range of banking needs. This approach combines the efficiency of advanced online technology with the availability of in-person banking services for immediate needs.

The bank’s diverse array of personal and business banking products includes checking and savings accounts, CDs, and personal lines of credit. For those planning construction or property investments, Central Bank offers construction loans, home equity lines of credit (HELOCs), and lot loans.

Customers looking for vehicle financing can find auto and recreational vehicle loans. Mortgage loans are also available for homebuyers. Additionally, the bank provides reward debit and credit cards, enhancing the banking experience with added benefits.

It also offers online bill pay, mobile banking, and sophisticated online money management tools, keeping pace with the evolving needs of its customers.

First Utah Bank is celebrated for its personal approach to banking. Being locally owned and operated, it places a strong emphasis on understanding and prioritizing the needs of its customers. Staff members at First Utah Bank are known for their personal touch, often greeting customers by name and fostering a welcoming atmosphere.

The bank provides a comprehensive range of personal banking services, including checking and savings accounts, as well as credit and debit card options. In addition to these, First Utah Bank caters to both business and personal financial needs, with services ranging from complex business loans to personal mortgage loans and lines of credit.

Embracing modern banking trends, First Utah Bank combines state-of-the-art online and mobile banking solutions with its traditional customer-first approach. This blend ensures customers receive the convenience of modern banking while enjoying the personalized service that is a hallmark of community banking.

Founded in the 1930s, Mountain America Credit Union (MACU) is a significant player in the United States credit union sector. It stands as the 10th largest credit union nationally, boasting over 1 million members.

With over 100 branches spanning Utah, Arizona, Idaho, Montana, New Mexico, and Nevada, MACU is well-positioned to serve a diverse member base. The credit union’s philosophy has always been customer-first, focusing on supporting the community and its members by offering a wide range of products to aid in achieving financial security.

At Mountain America Credit Union, members have access to a comprehensive suite of banking products. These include checking and savings accounts, specialized youth and teen savings options, IRAs, CDs, and both debit and credit card services. For those seeking loan options, MACU offers vehicle loans, home loans, and personal loans, catering to various financial needs and goals.

This account has a $12 monthly fee, but it’s easy to waive under certain conditions. Customers can avoid the fee by ensuring direct deposits of at least $500 each month, maintaining a minimum daily balance of $1,500, or keeping a combined total of $5,000 across all their Chase accounts.

For young adults ages 17 to 24, the Chase College Checking Account stands as an ideal choice. It’s specifically designed to help young adults manage their finances effectively during their academic years.

Chase also offers a High School Checking account for students over the age of 13, and Chase First checking, linked to a parent’s Chase account, for children ages 6 and up.

Chase also offers exceptional ATM accessibility, with customers enjoying fee-free transactions at over 16,000 Chase Bank ATMs nationwide.

While savings account interest rates at Chase are on the lower side, they compensate with competitive rates of up to 3.75% APY on Certificates of Deposit (CDs).

Another highlight of Chase Bank is their range of credit card options. They offer various cards that include bonuses and rewards, adding significant value for customers who use their credit wisely.