Bank of the West Review: Ideal for Customers on the West Coast

Bank of the West online banking helps keep track of accounts.

Bank of the West is a super-regional bank providing a standard range of accounts and services. Customers can choose between low-cost accounts with limited features and those that charge more but come with additional benefits.

If you’re looking to open a new checking account, savings account, money market account or CD, see if Bank of the West is the right bank for your financial needs.

Bank of the West at a Glance
  • Waived monthly service charge on basic checking account when you make a deposit in a statement cycle
  • Worldwide ATM fee rebates for premium checking customers
  • Overdraft fee eraser available once per year
  • High special CD rate
  • Limited account choices with two checking accounts, one savings account and one money market account
  • Low overall interest rates and APY
  • Not a national bank

What You Need to Know About Bank of the West

Bank of the West might be a good choice for customers who can meet the minimum requirements to avoid the bank’s monthly account service charges.

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Best for: Customers living in the Western U.S. who value convenience above bank accounts paying the highest yields

Research: 10 Checking Account Bonuses and Promotions Available Today

Best Features of Bank of the West

Customers who deposit any amount each statement cycle will have the Any Deposit Checking account’s $10 monthly fee waived. For people who can afford to deposit $25,000 or more, unlimited global ATM rebates are available with the bank’s Premier Checking account.

The standout from a yield perspective is the special rate available on the 14-month Bank of the West CD, which pays a 2.25% APY on deposits of $25,000 or more.

Learn: How Often Do CD Rates Change?

Bank of the West Additional Considerations

Bank of the West prides itself on its mobile and electronic banking technology. The bank’s cutting-edge features include:

  • Mobile payments
  • Secure fingerprint login
  • Account text alerts
  • Mobile check deposits
  • A secure chip debit card
  • Online payments through Zelle
  • $0 liability on fraudulent debit card transactions
  • Bank of the West checks

Bank of the West locations can be found in 19 states. Montana, Alaska and Hawaii are the only states in the West with no Bank of the West branches. Bank of the West customer service can be reached seven days a week at 800-488-2265, and the bank also has an online chat service.

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Find the Highest Rates: 10 Best Online Banks of 2018

Bank of the West Suitable for Those Seeking Low-Cost Banking in Western US

Bank of the West savings and checking accounts aren’t known for paying high interest rates. However, promotional rates are available on the Bank of the West money market account plus some of the bank’s CDs. Although you’re unlikely to find a branch unless you live in the western half of the U.S., Bank of the West has capable mobile and online technology. Still, Bank of the West is most ideal for customers living west of the Mississippi River and for those who don’t require the best APYs available nationwide.

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This content is not provided by the companies mentioned. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Bank of the West.

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About the Author

John Csiszar

After earning a B.A. in English with a Specialization in Business from UCLA, John Csiszar worked in the financial services industry as a registered representative for 18 years. Along the way, Csiszar earned both Certified Financial Planner and Registered Investment Adviser designations, in addition to being licensed as a life agent, while working for both a major Wall Street wirehouse and for his own investment advisory firm. During his time as an advisor, Csiszar managed over $100 million in client assets while providing individualized investment plans for hundreds of clients.

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