How much money can I withdraw from First Interstate Bank ATMs?

Using your ATM card, you can withdraw $300 daily from a First Interstate ATM. You can withdraw $1,000 daily from a First Interstate ATM using your debit card.

What bank owns First Interstate Bank?

First Interstate Bank is owned by First Interstate BancSystem, Inc., a financial holding company based in Billings, Montana. First Interstate Bancorp, a separate entity based in Los Angeles, was acquired by Wells Fargo in 1996. Even though this acquisition occurred, First Interstate BancSystem, Inc. has retained the rights to the First Interstate name and logo and continues to operate independently.

What is the minimum balance to avoid fees at First Interstate Bank?

The minimum balance you must maintain to avoid fees depends on the account. For a savings account, you must have a minimum of $200 to avoid fees. You must have a minimum of $1,500 for a money market account. For a Basic Checking Account, you need a $250 minimum daily balance to avoid fees.

Does First Interstate Bank have Zelle?

Yes, First Interstate Bank uses Zelle as its digital platform.

Advertiser Disclosure

First Interstate Bank Review: Flexible Accounts and Competitive CDs

March 5, 2026

Written by Rudri Bhatt Patel, CFHC™

Edited by Joe Evans, CFHC™

Commitment to Our Readers

GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.

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First Interstate Bank Review: Quick Verdict
First Interstate Bank Checking Accounts
First Interstate Bank Savings Accounts
First Interstate Bank CDs
First Interstate Bank Money Market Accounts
Banking Experience
Comparable Options
Is First Interstate Bank Legit and Safe?
Pros and Cons
Final Take to GO: Is First Interstate Bank Worth It?

4.4

GBR RATING

Checking accounts that offer interest and additional perks.

First Interstate Bank offers a wide array of financial products. For day-to-day needs, the bank has two checking accounts that offer perks and interest on your balances. First Interstate Bank also has short-term certificates of deposit (CDs) that come with competitive rates.

If you’re searching for a First Interstate Bank review, you likely want to know whether the bank offers reliable banking services, competitive accounts and strong customer support.

First Interstate Bank is a regional financial institution operating primarily across the western United States. The bank provides checking and savings accounts, certificates of deposit, loans and wealth management services. While it does not have the nationwide footprint of large banks, it focuses on community-based banking and personalized service through its branch network.

Here’s how First Interstate Bank works and whether it may be a good fit for your banking needs.

First Interstate Bank Review: Quick Verdict

Feature Details
Best for Customers who prefer regional banks with local branch support
Account types Checking, savings, CDs, loans and wealth management
Banking access Regional branches with online and mobile banking
Monthly fees Vary by account; some accounts waive fees with minimum balances
Ideal customer profile Individuals and businesses seeking relationship-focused banking

Feature	Details
Best for	Customers who prefer regional banks with local branch support
Account types	Checking, savings, CDs, loans and wealth management
Banking access	Regional branches with online and mobile banking
Monthly fees	Vary by account; some accounts waive fees with minimum balances
Ideal customer profile	Individuals and businesses seeking relationship-focused banking

First Interstate Bank Checking Accounts

Checking accounts typically serve as the primary banking product for everyday transactions. Features may include:

Debit card access
Direct deposit
Online bill payment
Mobile banking tools

Checking accounts remain the most widely used banking product in the United States. According to the Federal Reserve, more than 80% of U.S. households maintain a transaction account, including checking accounts.

First Interstate Checking has four checking account options: Simple, Basic, Select and Premier Checking.

All accounts require a minimum opening deposit of $25.
Simple Checking has a $5 service charge that cannot be waived.
Basic Checking has a monthly service of $5 that can be waived with a minimum daily balance of $250 or a direct deposit during the statement cycle.
Select and Premier Checking accounts earn interest.
Select Checking has a per-statement cycle charge of $15. It can be waived if you maintain a minimum daily balance of $1,500, have a daily balance of $5,000 in your combined deposit account or the account holder is at least 60 years old.
Premier Checking has a $25 service charge that’s waivable if you maintain a $10,000 daily balance or have a $50,000 balance in combined deposit accounts.
Annual percentage yields (APYs) range depending on account and balance but go up to .
Select and Premier Checking to have overdraft protection, unlimited checking writing and a safety deposit box discount.

4.4

GBR Rating

First Interstate Bank Checking Account

Start Banking

Best For

Mobile App

Low Monthly Fees

Banking in Iowa

Loan Options

Investment Services

Open With Just $25

First Interstate Bank offers a variety of checking accounts to fit your needs, from basic options to interest-earning accounts with premium perks. Enjoy unlimited check writing, overdraft protection and waived fees when you meet minimum balance requirements.

Fees

$5 to $25 monthly

APY

Up to

Min Opening

$25

Pros

Diverse account options
Unlimited check writing
FDIC insured

Cons

APYs are lower than competitors
Balance requirement is high on some accounts to waive monthly fee

Quick Take

First Interstate Bank offers basic and simple checking accounts to meet everyday banking needs. The bank also offers Premier and Select Checking accounts for individuals with higher balances who want additional perks.

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First Interstate Bank Savings Accounts

Savings accounts allow customers to earn interest while keeping funds accessible. Interest rates at regional banks vary based on:

Account balances
Market interest rates
Bank policies

The Federal Deposit Insurance Corp. reports that the national average savings rate remains below 1% at many traditional banks, though online banks often offer higher yields.

First Interstate Bank offers a Regular Savings account. The minimum opening deposit is $25, and you can earn up to based on your balance.

There is a $5 service charge, but it can be waived if you keep a $200 daily balance.
The minimum balance will be waived for those who are under 24.
Account is limited to six transactions in a month. Any transactions over six will result in a $10 per transaction charge.
The interest rates are variable.

First Interstate Bank Savings Account

Start Banking

Best For

Mobile App

Low Monthly Fees

Banking in Iowa

Loan Options

Investment Services

Low Waivable Monthly Fee

First Interstate Bank’s Regular Savings account is ideal for everyday savers with its low $100 opening deposit and easily waived maintenance fees.

Fees

$5 monthly

APY

Up to

Min Opening

$25

Pros

Low minimum deposit
Maintenance fee is low and can be waived easily
Higher balances are rewarded

Cons

APYs are lower than competitors
Transaction limitations

Quick Take

First Interstate Bank’s Regular Savings account has an accessible entry point and a $25 deposit minimum, but some individuals may look to competitors for higher APYs.

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First Interstate Bank CDs

You can open a First Interstate Bank CD with just $1,000. Terms vary from one month to 60 months.

APYs are between to .
The minimum to open an account is typical compared to other banks.
CD accounts are FDIC-insured.
If you need to withdraw your funds before the end of the term, you’ll face a fee.

First Interstate Bank CD Account

Start Banking

Best For

Mobile App

Low Monthly Fees

Banking in Iowa

Loan Options

Investment Services

Earn Up To

First Interstate Bank CDs offer competitive rates for short-term goals. Start earning with a $1,000 deposit, backed by FDIC insurance.

Fees

Early withdrawal penalties may apply

APY

Up to

Min Opening

$1,000

Pros

Varying length terms
High APYs for short-term CDs
Predictable returns

Cons

Higher minimum deposit may be a barrier for some
Limited liquidity
Interest rate risk — if interest rates go higher, your funds remain at the lower rate

Quick Take

First Interstate Bank offers competitive APYs for short-term CDs. Some may find the minimum deposit too high and seek a lower deposit.

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First Interstate Bank Money Market Accounts

First Interstate Bank’s money market account combines easy access to your funds with the benefit of earning interest.

The minimum to open is just $100.
Rates are tiered and vary depending on your account balance.
A monthly service charge of $15 unless you maintain a $1,500 daily balance.
This account is FDIC insured.

First Interstate Bank Money Market Account

Start Banking

Best For

Mobile App

Low Monthly Fees

Banking in Iowa

Loan Options

Investment Services

Easy Fund Accessibility

First Interstate Bank’s money market account offers the flexibility of easy fund access and tiered interest rates. With a low $100 opening deposit, it’s a practical choice for savers.

Fees

$15 monthly

APY

Min Opening

$100

Pros

Low minimum deposit
FDIC insured
Higher balances have the potential to have a higher APY

Cons

Low APYs
Service charge is high if you cannot meet the minimum
Transaction limitations

Quick Take

First Interstate Bank offers a money market account with a low bar to sign up — only a $100 minimum deposit. However, APYs are too low, and the minimum daily balance may be too high for individuals.

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Banking Experience

First Interstate Bank is a regional bank with 280 branches across Colorado, Iowa, Idaho, Montana, Nebraska, Missouri, Minnesota, North Dakota, Oregon, South Dakota, Washington and Wyoming.

First Interstate Bank offers a complete selection of financial products, including personal banking, business banking, loans and credit cards.

The Better Business Bureau gives First Interstate Bank an A+. It is an accredited institution by the BBB.

Customer Service

You can contact First Interstate Bank customer service at 1-855-342-3400 during the following times:

Monday through Friday: 7 a.m. to 7 p.m. MT
Saturday: 9 a.m. to 2 p.m. MT.

For account balance information 24/7, you can contact 1-888-752-3341.

You can send messages and inquiries online through your mobile banking app. On Google Play, First Interstate Bank ranked 4.5 out of 5 stars; in the Apple Store, it ranked 4.7 out of 5 stars.

Comparable Options

Here’s how First Interstate Bank compares to other banks.

Checking

Savings

CDs

SELECTED BANK

4.4

GBR Rating

First Interstate Bank Checking Account

Start Banking

MOST COMPARABLE

4.0

GBR Rating

U.S. Bank Checking Accounts

Read Review

MOST COMPARABLE

Fidelity Bank & Trust Checking Account

Read Review

Fees

$5 to $25 monthly

Up to $12.00, which is waivable

$0 to $10 monthly

APY

Up to

Min Opening

$25

$50 to $50,000

Fees

$5 monthly

No monthly service fee

APY

Up to

Min Opening

$25

Fees

Early withdrawal penalties may apply

No monthly service fee

Early withdrawal fees may apply

APY

Up to

Min Opening

$1,000

$500

$25 to $500

First Interstate Bank vs. Capital One

Capital One’s 360 Performance Savings account has a APY* with no maintenance fees. Capital One also offers fee-free checking and a robust digital platform, along with a nationwide presence.

First Interstate is in 12 states and doesn’t offer a savings account that matches Capital One’s rate. However, First Interstate’s checking accounts have perks, and the bank offers competitive CDs. The difference is whether you prefer a bank with a national reach versus a regional bank where you feel comfortable talking about banking needs to an officer familiar with your financial backstory.

First Interstate Bank vs. CIT Bank

CIT Bank is an online-only bank that offers competitive APYs on its financial products. The Platinum Savings account has a APY on balances over $5,000.

Those customers who prefer an online bank or don’t need to go in person to a branch will likely choose CIT Bank over FIrst Interstate because of convenience and higher APYs.

First Interstate Bank vs. Western Alliance Bank

Western Alliance Bank and First Interstate Bank are regional banks, but each has a different focus. Western Alliance has a savings account with a APY, while First Interstate Bank’s saving APY is significantly lower. Western Alliance is also focused on commercial lending.

In contrast, First Interstate Bank’s mission centers on personal and business banking.

Is First Interstate Bank Legit and Safe?

Yes. First Interstate Bank operates as a regulated financial institution subject to federal and state banking oversight.

The Federal Deposit Insurance Corp protects deposits at federally insured banks. The FDIC insures deposits up to $250,000 per depositor, per insured bank, per ownership category, helping safeguard customer funds.

Consumers can verify a bank’s insurance status using the FDIC’s BankFind database.

Pros and Cons

Pros

Strong regional branch network
Personalized community banking approach
Wide range of personal and business financial services
Online and mobile banking tools

Cons

Limited geographic footprint
Savings rates may be lower than online banks
Digital tools may be less advanced than large national banks

Final Take to GO: Is First Interstate Bank Worth It?

This First Interstate Bank review shows the bank can be a good option for customers who value regional banking and personalized financial service. Individuals and businesses located near First Interstate branches may benefit from relationship-driven banking and local decision-making.

However, customers seeking nationwide branch access or the highest savings rates may prefer large national banks or online financial institutions. Comparing account features, fees and interest rates can help determine whether First Interstate Bank fits your financial goals.

Before opening an account, review the bank’s fee disclosures and compare available account options to ensure the bank aligns with your financial needs.

First Interstate Bank FAQ

Here are the answers to some of the most frequently asked questions about First Interstate Bank.

How much money can I withdraw from First Interstate Bank ATMs?
- Using your ATM card, you can withdraw $300 daily from a First Interstate ATM. You can withdraw $1,000 daily from a First Interstate ATM using your debit card.
What bank owns First Interstate Bank?
- First Interstate Bank is owned by First Interstate BancSystem, Inc., a financial holding company based in Billings, Montana. First Interstate Bancorp, a separate entity based in Los Angeles, was acquired by Wells Fargo in 1996. Even though this acquisition occurred, First Interstate BancSystem, Inc. has retained the rights to the First Interstate name and logo and continues to operate independently.
What is the minimum balance to avoid fees at First Interstate Bank?
- The minimum balance you must maintain to avoid fees depends on the account.
- For a savings account, you must have a minimum of $200 to avoid fees. You must have a minimum of $1,500 for a money market account. For a Basic Checking Account, you need a $250 minimum daily balance to avoid fees.
Does First Interstate Bank have Zelle?
- Yes, First Interstate Bank uses Zelle as its digital platform.

To discover the Best Banks by state, GOBankingRates analyzed the top institutions (excluding online banks and neobanks) by state branch locations. To determine rankings, GOBankingRates looked at the following factors: (1) total assets as sourced from the FDIC; (2) checking product minimum deposit; (3) monthly checking fee ratio (percentage of the minimum to avoid fees compared to the monthly fee itself); (4) savings product minimum deposit; (5) savings product APY; (6) Bauer rating (out of 5 stars); (7) products/services offered (auto loans, mortgage loans, credit cards, investment services and insurance); and (8) the average mobile app rating between the Google Play (Android) and Apple stores. All factors were then scored and combined, with the lowest score being the best. Factors (1), (2) and (4) were weighed 0.5 times, factor (5) was weighed 2.5 times and factor (7) was weighed 1.5 times. All products and offerings had to be available as of Oct. 4, 2025, to be considered. Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of March 5, 2026..

To qualify as one of the Best Banks in the state, the institution needed at least five branch locations in the respective state, with some exceptions for larger and/or smaller states.

Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.

*Capital One interest rates accurate as of 03/12/2026. See website for all current rates.