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Oregon is home to some fairly impressive employers, including Nike, Intel, and Daimler Trucks North America. All those employers bring top talent to the state, and that top talent needs a place to bank.
Whether you’re new to the state or you’ve lived there your entire life, you need a good place to park your hard-earned money. Fortunately, Oregon has a wide range of banks, from brick-and-mortar banks to online banks, and from small, local banks to some of the largest banks in the U.S. This list will help you narrow down the options to find the best bank for you.
15 Best Banks in Oregon
When it comes to banking in the Beaver State, you’re spoiled for choice. Here are the best banks in Oregon, each excelling in different areas—from customer service and online platforms to interest rates and community involvement.
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.
SoFi is a top pick for Oregon residents seeking a high-earning, fee-free online banking experience.
New customers can earn a welcome bonus of $50 to $300 by setting up qualifying direct deposits.
The Checking & Savings account earns up to 3.80% APY on savings and 0.50% APY on checking. There are no monthly fees, and you can get paid up to two days early with direct deposit.
SoFi also offers free overdraft coverage up to $50 for eligible accounts, plus FDIC insurance up to $2 million through its partner banks.
You’ll have access to over 55,000 fee-free ATMs via the Allpoint® Network, along with a sleek mobile app that makes banking easy anywhere in the state.
Headquartered in Oregon, Umpqua Bank operates more than 100 branches across the state, including in cities like Beaverton, Bend, Eugene, Medford, Portland, and Salem.
Umpqua offers several checking accounts, including one with no monthly fee if you opt for electronic statements.
Most accounts require just a $25 minimum to open, though some premium options have higher deposit requirements.
Beyond checking and savings, Umpqua provides money market accounts, retirement accounts, and investment services.
Borrowers can also access personal loans, auto loans, and even specialized financing for boats and RVs. Homebuyers and homeowners can choose from mortgage options or HELOCs.
Despite its regional size, Umpqua offers a full range of services for individuals and small businesses, making it one of the top banks in Oregon.
Upgrade stands out as a preferred online bank in Oregon, appealing to those seeking innovative financial solutions.
The Upgrade Rewards Checking Plus account eliminates traditional banking barriers like minimum deposit requirements and monthly fees, overdraft fees, and transfer fees.
Oregon customers benefit from early direct deposit, gaining access to their paychecks up to two days earlier. The account also offers up to 2% cash back on everyday debit card purchases.
In addition, you can earn a substantial 4.02% APY on balances greater than $1,000 with the Upgrade Premier Savings account.
Backed by Cross River Bank, Upgrade ensures that every account is covered with FDIC insurance up to $1 million.
Current is a U.S.-based fintech that offers simplified online banking solutions, particularly for people with poor or no credit history.
Unlike traditional banks, Current doesn’t use ChexSystems or pull credit reports for account approval.
Using the Current debit card can help improve your credit score without borrowing money or undergoing a credit check.
The online bank provides a free overdraft buffer of up to $100 and offers access to 40,000 fee-free ATMs. Another notable feature is the early direct deposit, allowing you to receive your paycheck up to two days sooner than usual.
When it comes to saving, Current offers a high-yield savings account featuring a 4.00% APY on balances up to $6,000.
Backed by reputable partner banks and FDIC-insured, Current offers a secure and reliable way to manage your finances.
If you’re in Southern Oregon and prefer a community-focused bank, Evergreen Federal Bank is a strong local option.
It operates branches in cities such as Cave Junction, Grants Pass, Medford, and Rogue River.
You can open a checking account with a $100 minimum deposit, and maintain it with no monthly fees by keeping a $500 balance. Perks include free checks, free overdraft transfers, and complimentary notary services.
Evergreen also offers savings accounts, CDs, and home loans, along with business banking services. Its mobile app features advanced debit card controls, giving you more flexibility and security when managing your money.
Known for excellent customer service, Evergreen is a trusted option for both individuals and small businesses in the region.
Originating in Seattle, HomeStreet Bank now serves customers in multiple states, including Washington, Oregon, California, and Hawaii.
In Oregon, you’ll find branches in cities like Eugene, Gresham, Portland, and Salem.
You can open a checking account with just $100 and pay no monthly maintenance fees. HomeStreet also offers free ATM access through the MoneyPass network, making it easier to access your funds while traveling.
For savers, the bank provides competitive CD rates, and savings accounts can be opened with as little as $200.
Additional products include money market accounts, IRAs, credit cards, personal loans, mortgage loans, and HELOCs—giving customers a wide range of financial tools in one place.
WaFd Bank is a regional bank with branches across the western U.S., including Oregon, Washington, Idaho, Utah, Arizona, Nevada, New Mexico, and Texas.
In Oregon, it has locations in cities like Albany, Bend, Eugene, Medford, Portland, and Salem.
Its free checking account comes with no monthly fees or minimum balance requirements. Customers can also make fee-free withdrawals nationwide through the MoneyPass ATM network.
WaFd offers competitive CD rates for savers, along with various home loan options. Additional products include IRAs, education savings accounts, credit cards, and specialized savings accounts for teens and students.
With its comprehensive offerings, WaFd Bank easily earns its place among the best banks in Oregon.
Riverview Community Bank is a local bank with branches in Oregon cities such as Gresham, Portland, and The Dalles, as well as locations across Washington.
Customers can access cash nationwide with no transaction fees at MoneyPass ATMs, adding convenience beyond the local branch network.
Riverview also provides competitive rates on personal and home loans, making it a strong option for borrowers.
The bank offers a range of savings products too, including traditional savings accounts, CDs, money market accounts, and even a youth savings account. Credit cards are also available.
If you’re an Oregon business owner, Summit Bank might be exactly what you’re looking for. This local Oregon bank has branches in Bend, Eugene, and Portland.
When it comes to financial products, Summit Bank offers an extensive range. From basic checking and savings accounts to online bill payment options, the bank covers the essentials.
On the lending side, you can find mortgages, HELOCs, and personal loans. If you’re in need of a vehicle, the bank also provides loans for autos, boats, and RVs.
What sets Summit Bank apart are its locally underwritten loans, which provide quick and tailored financial solutions. The bank also customizes fees and account features according to each customer’s specific needs.
Another perk is the bank’s concierge service, which provides one-on-one customer support for a personalized banking experience.
Serving residents and workers in Oregon and Washington, OnPoint Community Credit Union has branches in cities such as Beaverton, Eugene, Portland, Salem, and Springfield.
Known for competitive rates on home and auto loans, OnPoint is a strong option for those looking to borrow.
Members get fee-free access to over 60,000 ATMs nationwide and can apply for a cash-back credit card, making everyday banking both simple and rewarding.
For business owners, OnPoint provides a full suite of services including business checking, savings, credit cards, and CDs. They also offer specialized accounts like IRAs and health savings accounts.
Banner Bank is a well-established regional bank with more than 175 branches across Washington, Oregon, Idaho, and California—including 50 locations in Oregon.
You’ll find branches in cities like Albany, Eugene, Medford, Portland, Salem, and Springfield, giving it strong statewide coverage while maintaining a hometown feel.
The bank offers a wide range of personal and business financial services. New customers can qualify for a bonus of up to $500 by meeting specific deposit and balance requirements.
Banner Bank stands out for its no-fee ATM access and low entry point—just $50 to open an account. Products include checking and savings accounts, CDs, IRAs, and a full suite of loans, including home, equity, personal, student, and auto loans.
Wells Fargo is a national bank with a strong presence in Oregon, boasting 100 branches throughout the state. It also offers extensive ATM access, with over 12,000 locations across the U.S.
Their Everyday Checking account is budget-friendly, featuring a $10 monthly fee that can be waived by meeting certain requirements, such as a $500 minimum daily balance or $500 in monthly direct deposits.
New customers can take advantage of a $300 bonus for opening a new checking account.
The financial products provided by Wells Fargo range from checking and savings accounts, including accounts for kids, to a wide variety of loans and credit cards.
One of the most popular national banks in Oregon is Bank of America, which has approximately 3,900 retail financial centers nationwide.
But what really stands out with this bank is its award-winning mobile banking app, which provides a full suite of mobile services, including a built-in virtual financial assistant and fraud protection management.
The bank offers various perks, including a large branch and ATM network. Free checking options are available but come with conditions such as setting up direct deposit or maintaining a high minimum balance.
The products offered by Bank of America are diverse and cater to various needs. These include checking and savings accounts, CDs, IRAs, student bank accounts, mortgage loans, auto loans, and wealth management services.
Oregon Pacific Bank is a compelling choice for residents of Western Oregon interested in community-based financial institutions.
The bank operates branches along the West Coast, but if you’re outside its coverage area, you can still access cash through MoneyPass ATMs across the nation.
To open a new checking account, a $100 minimum deposit is needed, as well as maintaining a balance of at least $100 to avoid monthly fees.
The bank is notable for its comprehensive business banking options, like a business checking account, and even offers specialized services aimed at nonprofit organizations.
How to Choose the Best Bank in Oregon
Choosing the right bank in Oregon depends on your preferences and financial needs. Here are the main factors to consider:
Location and convenience: If you prefer in-person banking, look for banks with branches and ATMs near you—especially if you’re in more rural parts of the state.
Account options and features: Make sure the bank offers the types of accounts you need, such as checking, savings, or CDs, along with features like mobile banking and bill pay.
Customer service: Strong customer support matters. Check for responsive service across phone, email, or live chat.
Fees and costs: Review fee structures carefully, including monthly maintenance fees, ATM charges, and minimum balance requirements.
Interest rates: Compare APYs if you’re focused on growing your savings, especially with high-yield savings accounts or CDs.
Insurance coverage: Confirm the bank is FDIC-insured or, if it’s a credit union, NCUA-insured. This protects deposits up to $250,000.
Online and mobile access: Look for a secure, user-friendly platform with features like mobile check deposit, account alerts, and online transfers.
Additional services: If you need loans, credit cards, or investment options, see if the bank offers them—and how competitive the terms are.
Community focus: If local involvement matters to you, consider whether the bank supports Oregon-based charities or community programs.
Taking these factors into account will help you narrow down your choices and find the best bank for your financial goals.
Types of Banks in Oregon
When it comes to banking in Oregon, consumers have a wide range of options to choose from. Here’s a look at the different categories of banks you’ll encounter in the Beaver State.
National Banks
National banks operate across multiple states and often have international reach. They offer a wide array of services and typically have the resources to provide advanced technology, like robust online banking platforms. In Oregon, you’ll commonly see national banks such as Bank of America, Wells Fargo, and Chase Bank.
Regional Banks
Regional banks serve a particular area of the country, usually consisting of several states. While not as large as national banks, they offer similar services and are often deeply rooted in the communities they serve. U.S. Bank, and Umpqua Bank are examples of regional banks that are prominent in Oregon.
Community Banks
Community banks focus on the local needs of a specific area or community within a state. These banks prioritize personal relationships and often participate in local economic development. In Oregon, Evergreen Federal Bank and Banner Bank stand as strong examples of community banks.
Online Banks
Online banks operate without traditional brick-and-mortar branches, offering services primarily or entirely via the internet. These banks often offer competitive interest rates on savings accounts and lower fees. SoFi, GO2Bank, and Current are examples of online-only banks accessible to Oregon residents.
Credit Unions
Credit unions are member-owned financial institutions that often offer favorable interest rates and lower fees compared to other banks. They also provide a community focus but require membership, which can sometimes be based on employment, location, or other affiliations.
Oregonians might consider joining local credit unions like OnPoint Community Credit Union, Rogue Credit Union, or Oregon Community Credit Union.
Bottom Line
Oregon offers a wide range of banking options, from national powerhouses to local banks and everything in between. Whether you’re an individual looking for a free checking account, a business owner seeking specialized services, or someone who values online banking options, there’s something for everyone.
Choosing among the best banks in Oregon comes down to understanding your unique needs and finding a financial institution that can meet them effectively. Happy banking!
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.
