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From the innovation hubs of Seattle to the agricultural heartlands of the Yakima Valley, Washington is as financially diverse as it is geographically. Whether you need a local branch for everyday banking or a tech-savvy platform for managing your finances online, Washington offers no shortage of choices.
The state is home to a mix of national banks, regional options, online banks, and community credit unions—all with unique strengths. This guide highlights the best banks in Washington for checking, savings, loans, and digital banking services.
9 Best Banks in Washington
We’ve selected the best banks in Washington based on service quality, account features, accessibility, and overall value. Some focus on high-yield savings, while others offer fee-free checking or strong business banking tools. Each bank on this list delivers a clear advantage for Washington residents.
Subject to certain terms and limitations. Offer valid through May 6, 2025. 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.
Umpqua Bank plays a major role in Washington’s financial scene, with 64 locations across the state in cities like Bellevue, Bellingham, Olympia, Seattle, Spokane, Tacoma, Vancouver, and Walla Walla.
Headquartered in Portland, Oregon, it holds the distinction of being the largest bank based in the Pacific Northwest.
The bank offers a wide mix of services for individuals and businesses. For everyday banking, Umpqua provides checking and savings accounts, credit cards, mortgage loans, and HELOCs.
The Embark Checking account is a simple, accessible option that requires only a $25 opening deposit. Customers can waive the monthly fee by enrolling in paperless statements.
Umpqua also provides up to $10 in monthly reimbursements for out-of-network ATM fees, as long as you maintain an average daily balance of $2,500 or more.
For savers, the bank offers CDs and money market accounts to support different financial goals.
Banner Bank has been a staple in Washington banking for more than 100 years, with 74 branches across the state.
Cities with branch locations include Bellingham, Kennewick, Olympia, Pullman, Seattle, Spokane, Tacoma, and Walla Walla.
For individuals, Banner’s Best Checking is the bank’s flagship account. It requires a $50 opening deposit and carries a $12 monthly fee, which can be waived by meeting certain requirements. The account includes standard features like online banking and mobile check deposit.
Banner Bank is also a strong option for business banking. It provides tailored accounts, commercial loans, and cash management solutions.
Small business clients benefit from dedicated relationship managers, offering personalized support that complements the bank’s easy-to-use digital banking tools.
Chase offers a strong mix of national reach and local convenience, with dozens of branches throughout Washington.
Notable cities with branch locations include Bellevue, Everett, Federal Way, Kirkland, Lacey, Lynnwood, Redmond, Renton, Seattle, and Yakima.
The Chase Total Checking account carries a $12 monthly service fee, which can be waived by meeting requirements such as direct deposits or maintaining a qualifying balance.
There’s no minimum deposit to open the account and no daily balance requirement, offering added flexibility.
New customers can currently earn a $300 bonus by opening a Chase Total Checking account and completing qualifying activities.
Chase also provides one of the strongest credit card lineups in the industry, with generous rewards, cash back, and travel perks.
With over 16,000 fee-free ATMs nationwide and a well-rated mobile app, Chase is a solid option for those looking for a well-rounded banking experience backed by a trusted national brand.
WaFd Bank is an established regional bank with branches across various states, including Washington. The bank strives to provide a banking experience that feels local and personal.
It offers the advantage of a widespread network, with more than 200 branches and access to MoneyPass ATMs throughout the nation, providing convenience for its customers.
Opening a checking account with WaFd Bank is straightforward and budget-friendly. A minimal initial deposit of $25 is required, and the bank does not impose monthly maintenance fees.
For those looking to save, WaFd Bank offers attractive interest rates on CDs and money market accounts.
Furthermore, WaFd Bank’s mobile app provides essential budgeting and financial management tools, helping customers to manage their finances with ease and confidence.
HomeStreet Bank has been a trusted name in banking since its founding in 1921. The bank serves customers on the West Coast and in Hawaii.
At HomeStreet Bank, customers have access to a comprehensive array of banking products. The lineup includes checking and savings accounts, money market accounts, credit cards, IRAs, mortgages, personal loans, and even insurance.
For businesses, HomeStreet Bank steps up with its affinity programs. These programs are crafted to give employees or members special offers and discounts, adding value to organizations by treating their people to exclusive banking benefits.
Through this approach, HomeStreet Bank supports individuals in Washington and strengthens the financial health of the wider community.
Boeing Employees Credit Union (BECU) is a shining example of how credit unions in Washington cater to their members with a personal touch and a strong community focus.
Founded by Boeing employees, BECU has grown significantly over the years and now serves a broad membership base beyond just Boeing employees.
It’s known for offering competitive rates on loans and savings accounts, emphasizing financial health and education for its members.
BECU makes banking accessible and rewarding, with a wide range of products including checking and savings accounts, credit cards, loans, and investment services.
Members benefit from lower fees and better rates compared to traditional banks because BECU is member-owned.
Its commitment to the community is evident in its financial education programs and generous support of local charities and initiatives.
Gesa Credit Union is a major financial presence in Washington, with a growing network of branches across cities such as Kennewick, Pasco, Richland, Spokane, Vancouver, Wenatchee, Walla Walla, and Yakima.
Its wide reach and strong community focus make it a standout choice for residents seeking a more personalized banking experience.
Members have access to a full range of financial products, including checking and savings accounts, personal and auto loans, home financing solutions, and investment services.
Gesa is also known for offering competitive rates and low fees, helping members keep more of their money.
Beyond banking, Gesa prioritizes community impact. It funds local educational initiatives and supports causes throughout the state.
As a member-owned credit union, Gesa offers not only financial services but also a sense of local connection, with members having a say in key decisions.
How to Choose the Best Bank in Washington
With so many options available, finding the right bank in Washington depends on your specific financial needs and preferences. Here are the key factors to consider:
Interest rates: If growing your savings is a priority, compare interest rates across savings accounts, CDs, and money market accounts. Online banks often offer better rates than traditional ones, especially for higher balances.
Fees: Common fees include monthly maintenance, overdraft, and ATM charges. Some banks waive fees if you meet certain conditions, but others charge more regardless of activity. Choosing a bank with minimal fees can help you save more over time.
Banking products: Some banks specialize in checking and savings accounts, while others also offer loans, credit cards, or investment tools. Focus on banks that offer the services you use most.
Branches and ATMs: If in-person banking is important to you, choose a bank with strong branch and ATM coverage in cities like Seattle, Spokane, Tacoma, or Bellevue. Otherwise, online banks may offer better flexibility with fee-free ATM access nationwide.
Digital tools: A user-friendly mobile app and online banking system are essential if you manage most of your finances digitally. Look for features like bill pay, remote deposit, and budgeting tools.
Customer service: Choose a bank known for responsive support through phone, live chat, or in-person visits. Good service matters when issues arise.
Extra benefits: Some banks offer perks like early direct deposit, credit score tracking, or rate discounts on loans. These extras can add value to your account.
Reputation: Check reviews and BBB ratings to ensure the bank is reputable and trustworthy. A solid track record is especially important for long-term banking relationships.
Taking the time to evaluate these factors can help you choose a Washington bank that fits your lifestyle and supports your financial goals.
Final Thoughts
The best bank in Washington depends on your needs. Whether you prefer the personalized service of a credit union like BECU or Gesa, the digital convenience of an online bank, or the broad offerings of a national bank, there are plenty of options.
Focus on what matters most—low fees, high savings rates, strong customer service, or comprehensive financial products. The right bank should support your financial goals and make managing money easier. Take the time to compare options and choose a bank that fits your needs.
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