Best Banks in Montana
Written by
Rudri Patel
Edited by
Elizabeth Constantineau
Montana is largely rural, but its growing urban areas are shifting how residents bank. Whether you’re part of the state’s farming and ranching tradition or settled in a city suburb, plenty of banks and credit unions can help you manage your money. This guide to the best banks in Montana will help you find the right fit.
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GOBankingRates' editorial team is committed to bringing you unbiased bank 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 in-depth bank review methodology.
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TOP MONTANA BANKS AT A GLANCE
Bank/Institution
Savings APY
Notable Features
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BRONZE WINNER
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Premium Checking Account Offering
One of the Best National Banks
Detailed Reviews of the Best Banks in Montana
Here are GOBankingRates’ top picks for the best banks in Montana for 2025.
Gold Winner: Stockman Bank of Montana
Stockman Bank is Montana’s largest agricultural bank, and it prides itself on combining traditional Western values with the convenience and technology Montanans want from their bank.
As a family-owned full-service financial institution, Stockman also offers insurance and wealth management through branch locations spread throughout the state.
Stockman Bank has an A+ rating with the Better Business Bureau (BBB), and a five-star “superior” rating from Bauer Financial.
Best For
Digital Banking
Low Monthly Fees
Loan Options
Investment Services
Competitive CD Rates
Basic Checking With No Monthly Fees
Stockman Bank offers a range of checking accounts, including no-monthly-fee basic checking, and an interest-earning Investment Checking account. Stockman has one of the better savings accounts in Montana, with a competitive annual percentage yield (APY) on all balances. Savers can open an account and waive the monthly fee with just $100.
Total Branch Locations
45
Mobile App Rating
4.8 on the Apple App Store and 4.7 on Google Play
Other Products Offered
Checking, savings, money market, CDs, home loans, personal loans and lines of credit, credit cards, wealth management, insurance
Pros
- Full-service financial institution
- Low minimum opening deposits for basic checking and savings
- Excellent CD rates
- Highly rated mobile app
Cons
- Need $1,000 balance to earn interest on checking account
- Fewer CD terms than other top banks
Why We Like Stockman Bank of Montana
Stockman Bank of Montana is a true community bank with a 72-year history of serving the needs of Montana residents and businesses. In addition to having a solid selection of bank accounts to choose from, you can get home, agricultural and business financing and help with insurance and wealth management.
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Silver Winner: U.S. Bank
With over $671 billion in assets, U.S. Bank is America’s fifth-largest bank. The bank has just 17 branches in Montana, but a robust digital platform makes it easy to manage Montana checking accounts, savings accounts, CDs and other products from anywhere in the state. Wealth management services and loans are also available statewide.
U.S. Bank has an A- Better Business Bureau rating. Bauer Financial gives it five stars for “superior” financial health.
Best For
Investment Management
Personal Loans
Corporate and Commercial Banking
Home Loans
National Banks
$25 Minimum Deposit for Checking Accounts
U.S. Bank provides services for everyday banking and specialty services like loans, investments and commercial banking. The U.S. Bank app is user friendly and there are approximately 2,200 ATMs across 26 states.
Total Branch Locations
Over 2,200
Mobile App Rating
4.8 on the Apple App Store and 4.7 on Google Play
Other Products Offered
Everyday banking, investment management, corporate and commercial banking, home, vehicle and personal loans
Pros
- Diverse product offerings
- Extensive branch and ATM network
- 24/7 customer service
Cons
- Low interest rates on savings accounts
- Monthly maintenance fees
- High overdraft fees
Why We Like U.S. Bank
U.S. Bank offers a wide range of banking products, including checking, savings, loans and investment services, making it a one-stop solution for financial needs. It has an extensive branch and ATM network and a user-friendly app.
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Bronze Winner: Wells Fargo
Wells Fargo is the nation’s fourth-largest bank, and while it’s just one position ahead of U.S. Bank, it has roughly 1.5 times the assets. Twenty-one of its 4,000-plus branches are located in Montana, and a large selection of checking accounts, savings accounts and CDs are available statewide through online banking.
Despite its large size and popularity, Wells Fargo has an unfavorable BBB rating, but it has earned a four-star “excellent” rating from Bauer Financial.
Best For
Credit Cards
National Banks
Home Loans
Auto Loans
Investments
Everyday Banking and a Variety of Services
Wells Fargo has several products for everyday banking as well as options for mortgages, auto loans and credit cards. The app is user-friendly and the wide network of ATMs makes it easy to withdraw cash without paying a fee.
Total Branch Locations
Over 4,300 in the U.S.
Mobile App Rating
4.9 on the Apple App Store and 4.8 on Google Play
Other Products Offered
Credit cards, home loans, auto loans, investments
Pros
- Extensive branch and ATM network
- Diverse product offerings
- User-friendly digital interface
Cons
- Minimum deposit requirements and monthly maintenance fees
- High overdraft fees
- Low interest rate on savings accounts
Why We Like Wells Fargo
Wells Fargo offers one-stop everyday banking and financial planning services. There are several products for consumers and accessibility to branches and ATMs.
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Best Banks
Checking Accounts
Savings Accounts
CD Account Rates
Money Market Accounts
Research Methodology
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 Nov. 8, 2024, to be considered. Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Aug. 28, 2025.
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.
How To Choose the Right Bank in Montana
Keep the following considerations in mind when choosing the best Montana bank for you:
- Community vs. regional vs. national: Community banks like Stockman Bank can offer more personalized service because they often have more local branches. However, large banks, like U.S. Bank and Wells Fargo, have a larger choice of accounts with extra bells and whistles. In addition, they often have big ATM networks that give you free access to your cash no matter where you are.
- Account selection: Having a wide range of accounts isn’t useful if they don’t offer the features you need — like competitive yields, unlimited check writing, automatic savings transfers or low minimums to earn interest.
- Rewards and promotions: Rewards programs help you make the most of your accounts, whether they get you cash back on debit purchases, discounts on loans or other perks.
- Loan products: The right loan can help you achieve your financial goals. Borrowing from the same bank where you have your checking and savings accounts helps make managing your accounts easier, and it could earn you relationship rewards.
- Fees: Most banks have some fees, but they should give you easy ways to waive them. Low or no minimum balance requirements, free out-of-network ATM use and no overdraft fees help you hold onto more of your money.
- Digital platforms: Full-featured online and mobile apps give you full control over your money when you can’t or don’t want to bank in person. If you use a digital wallet, make sure your bank supports it.
- Community involvement: Banks are integral to communities’ vitality. Your bank should support your community with a broad selection of home and business loans, as well as sponsorship of local civic and charitable organizations.
Conclusion
You have a choice between many banks and credit unions in Montana, which can make it difficult to settle on the best one for your needs. Keep your financial priorities in mind as you explore GOBankingRates’ picks for top banks in Montana, then fill out an application for the one you like best.
FAQs About Banking in Montana
Here’s more information to help you find the best Montana bank for your needs.- What is the best bank for high-yield savings in Montana?
- U.S. Bank is a great choice for high yields if you maintain a balance of at least $100,000 across all eligible accounts or a $25,000 balance in a money market account.
- Which banks have the most ATMs in Montana?
- Stockman Bank — it has over 100 ATMs you can use for free.
- Are there any banks in Montana with no monthly fees?
- No bank reviewed by GOBankingRates is completely without fees, but each of the top Montana banks above have certain accounts with no fees or fees that are easily waived.
More Resources for Banking
Best Banks
Checking Accounts
Savings Accounts
CD Account Rates
Money Market Accounts
Daria Uhlig contributed to the reporting for this article.
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