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Idaho has become a popular destination for those looking to relocate, whether to the bustling city of Boise, the scenic Idaho Falls, or one of the state’s charming small towns. If you’ve recently moved or are considering a change, finding the right bank is essential.
The best banks in Idaho are known for their low fees, excellent services, and community-focused approach. Whether you need simple checking accounts, robust business banking options, or specialized financial services, Idaho’s top banks have something to offer. Here are some of the top choices to help you manage your money effectively.
12 Best Banks in Idaho
Let’s take a look at the top banks in Idaho, recognized for their excellent customer service, wide range of services, and trusted reputation across the state.
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.
D.L. Evans Bank combines traditional service with modern banking tools, making it a strong option for Idaho residents.
With branches in cities like Boise, Burley, Hailey, Idaho Falls, Jerome, Pocatello, and Twin Falls, the bank provides local access alongside full-service digital banking.
Customers can open a range of deposit accounts, including checking, savings, money market accounts, and CDs.
The Free Community Checking account has no monthly fees or minimum balance requirements. Online and mobile banking features—plus Zelle for fast transfers—make account management simple.
D.L. Evans also offers access to 40,000 fee-free ATMs through the MoneyPass network. For personalized service, customers can connect with bankers through video chat.
The bank also provides competitive loan options, rounding out a solid set of services for everyday banking in Idaho.
For those looking for a compelling high-yield online banking experience, SoFi Checking & Savings account stands out as an excellent choice.
The account comes with no monthly fees and up to 3.80% APY on its online savings account, and 0.50% APY on checking balances.
One of SoFi’s standout features is its early direct deposit option, which can get your paycheck into your account up to two days ahead of schedule.
This is in addition to other perks like robust FDIC insurance coverage up to $2M. If that wasn’t enough, SoFi also offers no-fee overdraft coverage up to $50 for those with qualifying direct deposits.
New customers have the opportunity to earn a bonus ranging from $50 to $300 depending on the amount of their direct deposit.
With access to over 55,000 Allpoint® ATM locations, it’s easy to see why SoFi is quickly becoming a go-to option for financially savvy individuals.
With a strong presence in Southern Idaho, Chase Bank has found innovative ways to weave its services into the fabric of daily life.
The bank has accessible branches and banking kiosks within select Fred Meyer grocery stores, making it easier to handle financial tasks while shopping.
Chase Bank’s range of financial products is designed to meet diverse needs. The checking account, in particular, comes with several perks.
Customers can avoid fees by either maintaining a $1,500 balance or receiving monthly direct deposits of at least $500.
The bank also provides a $200 bonus for new checking accounts that meet certain qualifications. Additionally, Chase expands its range of services to include savings accounts, CDs, and an extensive wealth management portfolio backed by JPMorgan expertise.
Families will appreciate the special bank accounts designed for children ages 6-17. Furthermore, the bank has over 16,000 ATM locations nationwide.
Zions Bank has served the region for over 150 years and remains a reliable choice for Idaho residents.
It has branches spread throughout cities like Boise, Idaho Falls, Meridian, Nampa, Pocatello, and Twin Falls.
It offers a wide range of personal banking services, including checking and savings accounts, CDs, auto loans, personal loans, and military-friendly checking options.
Customers can access over 200 fee-free ATMs across Idaho, Utah, and Wyoming. While out-of-network ATM use comes with a $2.50 fee, the regional coverage makes cash access easy for most Idaho residents.
Washington Trust Bank brings over a century of experience to Idaho banking, with branches in Boise, Coeur d’Alene, Eagle, Moscow, and Twin Falls.
It’s known as the oldest community bank in the country, and it was the first to have bills with George Washington’s picture on them.
The bank offers a wide selection of accounts, including checking, savings, CDs, and money market options—each with features designed for different financial goals.
Its everyday checking accounts stand out for having no monthly maintenance or overdraft fees. You can open an account with as little as $25, and manage it easily online or in person at a local branch.
For those who value a bank with strong local ties, the First Federal Bank of Twin Falls offers a unique blend of community-centric services and competitive offerings.
This Idaho-based bank primarily operates branches in and around the Twin Falls area, offering convenient access for local residents.
One of its key features is a free checking account, which offers a strong interest rate, making it a standout option for those looking to earn interest while avoiding fees.
The account requires a $100 minimum deposit to open but has no ongoing minimum balance requirements, adding to its appeal.
Although the savings account may not offer as high of a return as the checking account, it still presents a solid option for customers who prefer to keep more funds in checking.
Beyond its financial offerings, the bank is renowned for its personalized service and understanding of the needs of its Idaho community.
If you live in Idaho, Washington, or eastern Oregon, you might be eligible to become a member of the Idaho Central Credit Union (ICCU).
It’s the largest credit union in Idaho with a strong presence in areas including Boise, Coeur d’Alene, Eagle, and Idaho Falls, facilitated through its 48 branches.
A major perk of ICCU is its free checking accounts, although you can secure a higher interest rate if you opt for their savings accounts instead.
As a member, you’ll have nationwide ATM access and an array of mobile banking features, such as the ability to transfer money, pay bills, set up alerts, and more.
Opening a checking account with ICCU is pretty straightforward. There are no monthly fees to contend with and no requirement to maintain a minimum daily balance. Getting started involves a $5 membership fee, and a minimum deposit of $100 to open your account.
Wells Fargo has branches in both Northern and Southern Idaho, particularly the Coeur d’Alene, Idaho Falls, and Boise Falls areas.
Currently, Wells Fargo is offering a $300 bonus to new checking customers who make $1,000 or more in qualifying direct deposits in the first 90 days.
Northern and Southern Idaho residents who prefer traditional banks will like that they have numerous branch locations.
The most affordable checking account is Everyday Checking, which comes with a $10 monthly service fee that can be waived by keeping a $500 balance or having $500 in at least one qualifying deposit each month.
Wells Fargo also offers savings accounts, CDs, credit cards, personal loans, mortgages, and much more.
If you’re a fan of family-owned local banks, Farmers Bank could be your go-to in Idaho.
Established in 1917, it has a long history of serving the communities in Magic Valley and the southern parts of Idaho. It has grown impressively over the years, now ranking as the 6th largest bank in the state.
What makes it attractive to many customers is its free checking account offer. If you opt for e-statements, you won’t be charged any monthly fees, or be required to maintain a minimum balance. Opening an account is straightforward, with only a $100 initial deposit required.
In addition, Farmers Bank offers a mobile banking app that allows you to handle bill payments and receive alerts, enhancing your banking experience without complicating it.
Bank of Idaho is a community bank that offers the usual banking services but also various trust and investment options along with other specialized services.
This approach has helped it become the fifth-largest bank in Idaho, showcasing its dedication to the local community.
While it offers considerable advantages, it’s worth noting that the Bank of Idaho maintains a limited number of physical branches.
They’ve chosen strategic locations for these full-service branches in areas including Pocatello, Idaho Falls, St. Anthony, Ashton, and Island Park, ensuring accessibility in key regions.
When it comes to checking accounts, those who choose e-statements can enjoy a waiver on the monthly service fee.
Additionally, the bank does not require a minimum daily balance, which can make daily banking stress-free. Setting up the bank account is a straightforward process with just a $100 initial deposit.
Citizens Community Bank offers a harmonious blend of modern banking features with a local bank’s friendly service, making it a great choice for people in Idaho.
They have checking accounts with no monthly fees, no minimum deposit, and no minimum balance requirements.
Plus, their easy-to-use mobile banking app lets you check your balance and move money around without any hassle.
Besides checking accounts, they also have various other services including savings and money market accounts, CDs, personal loans, credit cards, and retirement accounts to help you manage your finances and plan for the future.
How to Choose the Best Bank in Idaho
The best bank for you depends on your financial needs and banking preferences. Keep these key factors in mind:
Services: Ensure the bank offers what you need, such as mortgages, business accounts, or investment options.
Fees: Review the fee structure to avoid hidden costs, especially for maintenance and overdrafts.
Accessibility: Consider branch locations if you prefer in-person service, or evaluate mobile banking features for online access.
ATM access: A broad ATM network or fee reimbursements can save money if you travel frequently.
Customer service: Read reviews and ask for recommendations to find a bank with strong customer support.
Interest rates: Compare savings and loan rates to get the best return or lowest borrowing cost.
Reputation & security: Choose a bank with a strong reputation, solid security measures, and a commitment to customer protection.
Reassessing your banking options every few years ensures you’re still getting the best benefits for your needs.
Types of Banks in Idaho
In Idaho, residents have several options when it comes to choosing a financial institution to trust with their financial needs. Here we outline the different types of banks available in the state, each with its own set of benefits:
National Banks
National banks operate in various locations across the country, offering a wide range of financial services and products. These brick and mortar banks often come with the advantage of having many ATMs and branches, making it convenient for people who travel frequently. In addition, they provide sophisticated online and mobile banking tools.
Regional Banks
Regional banks hold a middle ground, being larger than community banks but smaller than national banks. These banks mainly focus on serving the specific areas where they are established. In Idaho, they offer a broad selection of services and products, which includes diverse options for checking and savings accounts. Compared to the larger counterparts, regional banks generally offer a more personalized service, fostering a closer relationship with their customers.
Community Banks
Community banks are locally operated financial institutions that focus on serving the residents and businesses in their locality. In Idaho, community banks play a crucial role in fostering local economic development. They often offer personalized services and are knowledgeable of the local market dynamics, providing a friendly and community-centric banking environment.
Online Banks
Online banks operate entirely over the internet, giving you a high level of convenience, as you can carry out transactions and manage your bank account from anywhere with an internet connection. These banks typically offer competitive rates on savings accounts and charge lower fees compared to traditional banks. However, they lack physical branches, which might be a drawback for those who prefer in-person banking services.
Credit Unions
Credit unions are member-owned institutions that typically offer lower fees and better interest rates than traditional banks. In Idaho, they focus on community-based banking and serving their members’ best interests. Membership is usually based on location, occupation, or group affiliation.
Top options include Idaho Central Credit Union for customer satisfaction, CapEd Credit Union for educational programs and community support, and Westmark Credit Union for competitive savings and loan rates.
Bottom Line
As you consider your choices among the best banks in Idaho, you’ll find that there are many options available, each catering to different preferences and needs. From interest-earning accounts to fee-free checking accounts, the options are robust.
Whether you gravitate towards a small community bank, a regional entity, or a large national bank, it’s pivotal to ensure that the amenities and services align with your financial goals. Take time to explore and find the perfect fit that offers not just convenience, but also a financial partnership that grows with you.
Stephanie Faris is a professional finance writer with more than a decade of experience. Her work has been featured on a variety of top finance sites, including Money Under 30, GoBankingRates, Retirable, Sapling, and Benzinga.
