Did you know there’s an automated teller machine (ATM) on every continent? Even if you’re in frigid Antarctica, you can still cash out your account if you need it.
The good news is that you don’t have to travel to the ends of the earth to find a good bank. You can find many personable local and community banks right in your backyard, including in the state of Utah.
Utah is known for many different things, but in this article, we’ll focus on the best banks you can work with to make your financial dreams a reality. These banks offer many financial products and services for everything from personal to business banking.
Are you ready to learn more about the best banks in Utah? Let’s get started!
15 Best Banks in Utah
Utah is home to the Sundance Film Festival, Salt Lake City, and some of the best banks in the country. Which of the best banks in Utah will you choose?
1. KeyBank (Our Pick)
Key Smart Checking® from KeyBank is one of the best checking account options available to Utah residents. With no monthly maintenance fees and no minimum balance requirements, it’s designed for simplicity and convenience.
New customers can earn a $300 bonus by opening an account online by May 16th, 2025, making a $10 minimum deposit, and completing one single eligible direct deposit of $1,000 or more within the first 60 days. This is one of the simplest bank account bonuses to score.
This account offers several perks, including free access to KeyBank and Allpoint® ATMs nationwide, overdraft protection with no transfer fees when your checking account is linked to an eligible KeyBank credit or savings account, and you may be able to get paid up to two days early with Early Pay.
Additionally, the EasyUp® feature can help you build up savings or pay down debt without even thinking about it.
Key Smart Checking® also provides robust online and mobile banking services, allowing you to deposit checks, pay bills, and manage your account securely from anywhere. Enjoy added security and convenience with a KeyBank Debit Mastercard®.
You can find more information about fees and availability on KeyBank's official website.
Key Smart Checking® from KeyBank offers no monthly fees or minimum balance requirements, making it affordable. It provides convenient online and mobile banking features, including mobile check deposit and contactless payments. With a large network of ATMs and overdraft protection options, it's ideal for tech-savvy and budget-conscious users.
2. Ally Bank
Ally Bank is a leading online-only financial institution known for its customer-centric approach. Unlike some of the best national banks, Ally offers the advantage of no minimum deposit requirement and provides an impressive APY.
The “Spending Account” serves as Ally's premier checking account, featuring no monthly fees. Access to cash is made easy through Ally's vast Allpoint ATM network.
Ally Bank also offers mobile check deposits, online account statements, and integration with Zelle for secure money transfers. If you can’t find a traditional bank account in Utah, Ally Bank could be a viable solution.
3. American First Credit Union
American First Credit Union is the largest credit union in Utah. This credit union has an extensive network of 96 locations in the state and an impressive 121 locations across the country.
Established in 1939, this credit union offers competitive APYs. You can access various financial products, including checking and savings accounts, HSAs, money market accounts, CDs, and IRAs.
American First Credit Union provides various loan options, covering personal, auto, home equity, and mortgage loans. Joining America First Credit Union requires you to live, work, attend school, worship, or volunteer in select counties, including:
- Salt Lake
- Utah
- Juab
Some areas of the following counties are eligible for membership:
- Cache
- Davis
- Iron
- Rich
- Washington
- Weber
Membership is also open to members of select counties in Nevada, Arizona, Idaho, Oregon, and New Mexico. Visit America First Credit Union’s website for more information.
4. American United Federal Credit Union
For those looking for the best checking accounts, American United Federal Credit Union's Fresh Start Checking offers a promising solution. Account holders also receive an end-of-the-year reward dividend.
The credit union provides access to over 30,000 ATMs nationwide without any fees. With free online and mobile banking, members can enjoy convenient features like mobile remote deposit, bill pay, and eStatements.
You must have a $20 deposit to open the account. This account also has a $7 monthly fee.
However, members can reduce this fee to $4 by maintaining a minimum balance of $750 or more. American United Federal Credit Union hosts branches in several locations, including:
- West Jordan
- Draper
- Salt Lake City
- Sandy
- Kearns
- Grantsville
- Cabazon
- San Jacinto
American United Federal Credit Union is part of the Co-Op Shared Branch Network. This partnership allows members to access their accounts at various credit unions nationwide.
5. Central Bank
Central Bank was founded in 1891. This bank offers online and mobile banking with bill pay and money management tools.
With 11 locations in Utah, Central Bank caters to personal and business banking needs. Financial services include checking and savings accounts, CDs, personal lines of credit, construction loans, HELOCs, auto loans, mortgages, and reward debit and credit cards.
6. Cyprus Credit Union
Cyprus Credit Union presents the Fresh Start Checking account, an opportunity for a fresh financial beginning. With a minimum deposit of $25 and a $5 monthly fee, the account offers free online and mobile banking.
This account also includes a complimentary Visa debit card and unlimited check writing. You must maintain a positive balance for a year to upgrade to the Standard Checking account.
Cyprus Credit Union has convenient locations in Salt Lake City and West Valley. Membership is available to those living in Salt Lake City or working at participating companies.
In addition, individuals with relatives who are already members or those willing to donate $5 to the Community Recreation Association are eligible to join. Cyprus Credit Union provides an inclusive banking solution to its members, catering to their diverse needs.
7. First Community Bank Utah
First Community Bank Utah was established in 1905. This bank is a trusted local community bank proud to collaborate with Glacier Bancorp.
Renowned for its excellent customer service, the bank operates through 12 branches in Utah. Customers can benefit from various banking solutions, including checking and savings accounts, retirement options, credit cards, personal loans, and mortgages.
First Community Bank Utah provides online and telephone banking services. Both personal and business banking needs are catered to with dedication and expertise.
8. First Utah Bank
There are seven First Utah Bank branches in Utah, each offering residents a community bank they can trust. First Utah Bank is a full-service bank offering personal and business banking options.
You can bank with First Utah Bank online or via your smartphone. This Utah-based bank is locally owned and operated and offers checking and savings accounts as well as debit and credit cards.
9. Goldenwest Credit Union
While Goldenwest Credit Union may not offer the best money market accounts, you can open several other accounts with this Utah-based credit union. These include checking and savings accounts, HSAs, education savings accounts, and IRAs.
Goldenwest Credit Union is the third-largest credit union in Utah and has locations in eight counties. Home, auto, and home equity loans come with competitive rates.
You can also open several credit cards with this credit union, which also specializes in retirement planning. There are several ways to join, including joining if a family member has already done so.
10. 1st Bank
Although it’s part of the Glacier Bank Group, 1st Bank has its own management team. This Utah-based bank offers customers many financial products and services, including checking and savings accounts.
1st Bank also offers retirement accounts, personal loans, mortgages, and construction loans. You can also choose from a variety of debit and credit cards.
11. Mountain America Credit Union
Mountain America Credit Union is the second-largest credit union in Utah. Established in the 1930s, Mountain America Credit Union supports many surrounding communities.
This credit union offers membership eligibility based on living or working in specific counties or being part of a Select Employer Group. Those related to current members can also join.
Mountain America Credit Union has branches in the following states:
- Utah
- Arizona
- Nevada
- New Mexico
- Idaho
- Montana
Mountain America Credit Union provides a comprehensive range of financial products and services. Customers can benefit from various account options, including checking, savings, teen and youth savings accounts, as well as IRAs and CDs.
Additionally, the credit union offers debit and credit cards, auto and home loans, and personal loans to cater to diverse financial needs. Mountain America Credit Union remains a reliable choice for individuals seeking a welcoming and inclusive banking experience in Utah.
12. Mountain West Bank
You must have $50 to deposit into your new Mountain West Bank account. You can open four checking accounts at Mountain West Bank, including the following:
- Totally Free Checking
- Easy Interest Checking
- 50+ Interest Checking
- Premier Interest Checking
Mountain West Bank offers free online and mobile banking with bill pay and remote deposits. You can also opt for eStatements and a Visa debit card with your new checking account.
13. University Credit Union
University Credit Union has been serving the community since 1956. Membership is available to individuals living, working, or worshiping in Salt Lake, Davis, Summit, Tooele, Wasatch, and Utah Counties.
You can also become a member if a family member is affiliated with University Credit Union. This credit union offers a comprehensive range of financial products, including checking and savings accounts, money market options, CDs, and IRAs.
Customers can also access various loan options, such as auto and personal loans, as well as home loans and credit cards. With its strong community ties and diverse offerings, University Credit Union remains popular among members seeking reliable financial solutions.
14. Wells Fargo
One of the largest banks in the U.S., Wells Fargo offers various financial services and products. There are thousands of branches nationwide and over 100 branches in Utah.
The Everyday Checking account requires a $10 monthly fee that you can waive via the following actions:
- Maintain a $500 minimum daily balance
- Receive direct deposits of $500 or more
- Aged 17 to 24
- Link a Campus ATM Card or a Campus Debit Card (for college students)
You must make a $25 minimum deposit to open this account. Wells Fargo also offers wealth management services.
Savings accounts, including Way2Save, have a $25 minimum opening deposit and a $5 monthly fee. You can waive this fee by maintaining a $300 minimum balance, having automatic and recurring transfers, or being under 24 years old.
However, the APY on savings accounts may be disappointing to some customers. Wells Fargo also offers CDs, mutual funds, and convenient online and mobile banking services.
15. Zions Bank
Zions Bank was founded in Salt Lake City and has served residents for over 100 years. This Utah-based bank offers accessible banking solutions with a minimum deposit of $50.
With a vast network of 95 branches across the state, the bank provides affordable checking options, including an account dedicated to military personnel. Customers can choose from various financial products, such as savings accounts, money market accounts, CDs, and IRAs.
The Anytime Checking account requires a minimum deposit of $50 and is free from monthly fees. Mobile banking and Zelle are available with all checking accounts.
The Premier Interest Checking account earns interest. A $20 monthly fee is applicable unless customers maintain $10,000 in combined balances or $25,000 in deposit and personal loan balances.
Along with its diverse account offerings, Zions Bank provides loan and mortgage services. With a century of experience, the bank remains a reliable choice for superior banking solutions in Utah.
FAQs
1st Bank, Ally Bank, Central Bank, First Community Bank Utah, KeyBank, Mountain West Bank, Zions Bank, America First Credit Union, and University Credit Union offer free checking accounts. Other banks in Utah may offer free checking accounts after you complete specific requirements to waive the monthly fees.
You can have as many bank accounts as you want in Utah. Most people have one or two, depending on what they do for work, but you can open as many as you like if you can keep track of them.
Utah's best credit unions include Cyprus Credit Union, Beehive Federal Credit Union, Mountain America Credit Union, and America First Credit Union. Utah Community Credit Union and Goldenwest Credit Union are also among the top credit unions in the state.
Set Banking Records in the Land of the Bonneville Salt Flats
Most people think there’s a lot of nothing in Utah, but there’s more to this state than meets the eye. In addition to Utah’s natural wonders, you’ll find several financial institutions ready to assist you with your banking needs.
We hope this article helps you find some of Utah's best banks and credit unions. Banking here is just as important as it is elsewhere in the nation.
Which of the best banks in Utah will you choose?
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