9 Best Banks in Montana 2024

If you’re one of 1.1 million residents in Montana and are looking for the best bank for your financial needs, you’ve come to the right place. You’ll find many great banks in Montana.

Whether you’re looking to open a bank account, get a new credit card, or want to find the best banking services for small businesses in the state.

Quite a few banks offer decent interest rates, too. Let’s take a look at the best banks in Montana.

9 Best Banks in Montana

Here are the best banks in Montana that you can open an account with today:

  1. US Bank
  2. Chase Bank
  3. Wells Fargo
  4. Opportunity Bank of Montana
  5. Stockman Bank
  6. Valley Bank of Kalispell
  7. TrailWest Bank
  8. Farmers State Bank
  9. Glacier Bank

1. U.S. Bank US bank

U.S. Bank is a national bank operating in 26 states, including Montana. U.S. Bank has over 3,000 branches across the U.S. and 7 in Montana: Bozeman, Helena, Fort Benton, and Great Falls. The bank also has a highly-rated mobile app for banking on the go.

As the fifth largest bank in the states, U.S. Bank offers various financial services for individuals and businesses. You’ll find everything from basic checking accounts to small business money market accounts.

U.S. Bank also offers personal, home, mortgage, and auto loans. U.S. Bank is a great lender to consider if you want to work with a reputable bank with many nationwide loan options.

U.S. Bank has a range of certificates of deposit — from Standard CDs to Step Up CDs. The CD Special offers an elevated APY (annual percentage yield), which could take your savings further.

  • Good special CD rates
  • Highly-rated mobile app
  • Financial education resources
  • Not many bank branches in Montana

2. Chase Bank Chase Bank Logo

Chase is a national bank with more than 4,700 bank branches and over 15,000 ATMs across the U.S. It’s the largest bank in the U.S., with a total of $3.31 trillion in assets.

You’ll find four Chase bank branches in Montana — three in Billings and one in Helena. If you’d like to bank from the comfort of your home or on the go, Chase has a mobile app that makes it easy to complete most banking transactions in a few taps and swipes.

Chase offers a range of products and services for individuals and businesses, including checking accounts, rewards credit cards, and home and auto loans.

The bank is well known for its rewards credit cards, Chase Freedom Unlimited and Chase Freedom Flex. Both cards offer 5% cash back in grocery stores, while Freedom Flex also gets you 5% cash back on quarterly bonus categories. You can get both cards without an annual fee.

Chase Bank often has promotions and bonuses, rewarding new customers with cash or points for opening new accounts or getting new credit cards.

  • Frequent and generous promotions
  • Large national presence
  • Extensive ATM network
  • APY rates a little low

3. Wells Fargo Wells Fargo

Wells Fargo is a national bank with tons of financial products and services, serving over 70 million customers across the U.S. Wells Fargo has 23 banks and 45 ATMs in Montana.

Wells Fargo doesn’t just operate in the U.S. — the bank has a global presence in more than 40 countries.

In the U.S., Wells Fargo offers a wide range of products for individuals and businesses. Customers can open checking accounts and savings accounts and get personal loans and mortgages.

The Everyday Checking account is the most basic bank account Wells Fargo offers that you can open with $25. The account has a $10 monthly service fee that customers can avoid by maintaining a $500 minimum daily balance or $500 in total qualifying direct deposits. Account owners aged 17 to 24 won’t have to pay the maintenance fee.

Wells Fargo has a great selection of credit cards that’ll earn you cash rewards and even pay you with bonuses just for becoming a customer.

The Wells Fargo Active Cash Card offers a $200 cash rewards bonus if you spend $1,000 in purchases in the first three months. You will also earn unlimited 2% cash rewards on purchases. The card has a $0 annual fee, which is great.

Wells Fargo’s mobile app gets great reviews and lets you access your balance, pay bills, deposit funds, and make payments with Zelle.

  • Low opening deposits
  • A wide range of financial products and services
  • Bonuses and promotions
  • Has monthly fees
  • CD rates could be higher

4. Opportunity Bank of Montana

Opportunity Bank of Montana is a community bank founded over a hundred years ago in Helena, Montana. The bank has 32 full-service locations across Montana – from Bozeman to Missoula.

Opportunity Bank of Montana offers personal and business banking services, including checking accounts, savings accounts, credit cards, personal loans, and online banking solutions.

You can get a contactless Visa Debit Card for everyday spending that includes fraud text alerts: if the bank suspects a fraudulent transaction, they’ll send you a text for confirmation.

If you’re looking to open a personal checking account that earns interest, the Opportunity Reward Checking account gives you 1% cash back on qualifying purchases (as long as you meet the criteria).

Plus, it’ll reimburse ATM fees up to $12 per month — and doesn’t have any monthly service charges or minimum balance requirements.

The bank offers several certificates of deposit and money market accounts but tells you to contact the bank for deposit rates.

  • A good range of products and services
  • Free checking account available
  • Highly rated mobile app
  • Have to meet criteria for cash back on rewards checking
  • Annual percentage yield rates are not available online

5. Stockman Bank

Stockman Bank is a family-owned, FDIC-insured community bank. The bank offers a blended customer experience by combining traditional western values with convenient technological advancements.

Stockman Bank has 34 bank branches and over 100 ATMs throughout Montana. You’ll find bank branches in Billings, Worden, Hysham, Lewistown, Bozeman Oak, and other Montana cities and towns.

Stockman Bank also offers business banking services, checking and savings accounts, loans, cash management solutions, and other convenient services (e.g., direct deposit for employers).

The bank’s business banking services are aimed at agricultural businesses in Montana — and Stockman Bank is the 18th largest agricultural lender in the state.

Currently, Stockman Bank has a CD special offering 4.06% APY on the 15-month certificate of deposit. There’s a $500 opening balance and a $500 minimum withdrawal.

  • Great special APY rate on CDs
  • Extensive ATM network across Montana
  • Great for small businesses
  • Highly-rated mobile app
  • APY is a little low on Direct savings accounts (0.25%)

6. Valley Bank of Kalispell

Valley Bank of Kalispell is a local bank operating in Montana and offering various personal and business banking services. The bank opened its doors in 1911 as the State Bank of Somers.

If you’re looking for a community bank that cares about its customers and offers personal customer service, Valley Bank of Kalispell is worth considering.

The bank has two branches in Montana. The main branch is in Kalispell, while the Loan Production Office is in Eureka. The bank also has online and mobile banking with a highly-rated mobile app for iOS and Android devices.

Valley Bank of Kalispell has a range of accounts — including checking, savings, CDs, and IRAs. The bank has a free checking account called Valley Checking with a $50 minimum balance but no minimum daily balance or monthly service charge.

The bank doesn’t appear to list their APY rates on the website, so you’d need to contact a representative to find out more.

The Business Checking account has a $100 minimum deposit, a $5 monthly fee, and $.25 per debit. Valley Bank also offers a Business Savings account that earns interest and has an avoidable $2 monthly service charge.

  • Community-focused bank
  • Good mobile app
  • Wide range of products
  • APY and interest rates are not listed on the website

7. TrailWest Bank

TrailWest Bank is a locally-owned, FDIC-insured bank operating in Western Montana. The bank serves the communities of Missoula, Ravalli, Mineral, and Flathead Counties.

TrailWest Bank offers a range of personal and business banking services, from checking accounts to home mortgages and business lending.

TrailWest Bank’s checking account, Liquid Rewards, is a free checking account that only requires a $25 opening deposit and offers debit card rewards (an unlimited 10¢ reward per purchase).

In 2017, the bank formed a non-profit organization, TrailWest Foundation, to help people in the community who need financial support.

The foundation was formed in order to help people affected by the fire in 2017 — the worst fire season West Montana had seen in over a decade. For every $1 donated to the fund by an employee, the bank matched $4.

TrailWest Bank also has many handy financial education resources, including loan affordability, mortgage, personal loan, budget, and savings calculators.

If you’re looking for a locally-owned and community-focused bank with high customer service standards, TrailWest Bank is worth considering.

  • Community-focused bank
  • Excellent rewards with checking account
  • The mobile app rating is a little low

8. Farmers State Bank

Farmers State Bank is one of Montana’s oldest locally-owned and operated banks. The bank opened its doors in 1907 and now offers a full range of banking products and services.

Farmers State Bank has physical branches in 9 locations in Montana, including Victor, Darby, Stevensville, Lolo, Missoula, and Kalispell. The bank also has a mobile app that you can use for most banking transactions without visiting a physical location.

Farmers State Bank offers a range of banking services, from basic checking to money market accounts. The bank’s standard checking account has a $25 minimum deposit, free internet banking, bill pay, and a debit card (on approval).

Farmers State Bank’s money market account offers 0.03% APY and has a low minimum opening deposit ($25). The Platinum Money Market account offers a slightly higher APY of 1.00% APY on balances up to $50k (but you’re likely to find better rates elsewhere).

  • Locally-owned bank
  • A wide range of services
  • Low minimum opening deposit
  • APY rates easy to find
  • APY rated a little low on savings and money market accounts

9. Glacier Bank

Glacier Bank is a regional bank headquartered in Kalispell, Montana. The bank provides financial services to individuals and businesses across the western U.S.

Glacier Bank was founded in 1955 and has 16 branches in Flathead, Lake, Lincoln, Butte-Silver Bow, and Deer Lodge Counties. Glacier Bank is an excellent option if you want to bank at a locally owned and managed regional bank.

The bank has a free checking account with no fees or minimum balances.

If you’re interested in a checking account that earns interest, Glacier Bank offers Easy Interest Checking — also free but pays variable interest (not disclosed on the website).

Glacier Bank also has a handy CD ladder calculator customers can use to calculate how much they could grow their savings by investing in a series of certificates of deposit.

  • Community-focused
  • Wide range of products
  • Free checking account available
  • Extensive Allpoint surcharge-free ATM network across the U.S.
  • High overdraft fee ($30)
  • The bank doesn’t list APY and interest rates

Frequently Asked Questions

What national banks are in Montana?

While Montana mostly has regional and local banks, you’ll also find several national banks in the state, including Chase, U.S. Bank, and Wells Fargo.

What is the largest credit union in Montana?

The largest credit union in Montana is Whitefish Credit Union Association, with $2.1 billion in assets.

Does Montana have a Chase bank?

Yes, Montana has Chase bank. You’ll find 4 Chase bank locations in Montana: three in Billings and one in Helena. Chase bank is in 48 states — the only two without Chase bank branches are Alaska and Hawaii.

Is Glacier Bank only in Montana?

Yes, Glacier Bank is only in Montana. However, Glacier Bancorp (GBCI) — the holding company that owns Glacier Bank, also operates divisions in Idaho, Utah, Washington, Colorado, Wyoming, Arizona, and Nevada.

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