Umpqua Bank Offers a Host of Excellent Products and Services

Umpqua bank

Are you looking for a new checking account? Maybe you’re ready to get your savings off the ground. Or, perhaps you need to obtain a personal loan. Whatever your banking needs, there are more than a few good reasons to build a relationship with Umpqua Bank.

Headquartered in Portland, Ore., and the largest Oregon-based bank, this financial institution offers a host of products and services ranging from checking accounts to retirement accounts.

A lot goes into choosing the right bank, and with so many choices, the selection process can be a bit overwhelming. At the end of the day, it’s all about the service, the products and fees. Take a look and see how Umpqua Bank can help you.

1. Umpqua Bank Checking Accounts

With six checking options, you shouldn’t have trouble finding an account to meet your financial needs.

Choose from three interest checking accounts, with rates ranging from 0.01% APY to 0.50% APY. Each checking account with Umpqua Bank features a free debit card, online banking and bill pay, mobile banking, unlimited check writing, and direct deposit. Monthly service charges range from $0 to $20.

2. Umpqua Bank Savings Accounts

Keeping your money under the mattress or in a shoebox can slow down your savings plans. There is a better way to save, and with Umpqua Bank, you can choose from six savings options — a personal savings account, a fixed-rate CD, an advantage CD, a T-series money market, a health savings account and a minor savings account.

Minimum opening deposits range from $1 to $5,000, and monthly service charges range from $0 to $20.

3. Umpqua Bank Mortgage Loans

This bank prides itself on offering customers a variety of home loan solutions. Mortgage options include FHA loans, conventional mortgages, VA loans, jumbo loans, adjustable-rate mortgages, construction loans and first-time homebuyer loans.

There are also solutions if you’re looking to take advantage of a home equity loan or a home equity line of credit. Use the equity in your home for home improvements, debt consolidation, a vacation or any other purpose.

4. Other Loan Products

Umpqua Bank also provides auto loan financing for used and new vehicles with terms up to six years. Boat and RV financing is available with terms ranging from 72 to 120 months. Additionally, the bank features four personal loan options and three credit card options.

Advantages and Disadvantages of Umpqua Bank

For the most part, the majority of customers had nothing but good things to say about Umpqua Bank. Described as a comfy local bank, customer reviews emphasized the bank’s high level of customer service and it’s swiftness with handling issues. Branches serve coffee and cookies in the lobby, which scored big with customers. And the kid’s table in the lobby was a godsend for customers with children.

As far as negative comments, some customers took issue with the bank’s hours. Some branches don’t open until 10 a.m. on the weekdays, which created problems for customers who needed to handle banking matters before work.

Additionally, the bank is only located in four states — Oregon, Washington, California and Nevada. But despite limited branch locations, online services are available to customers outside these states.

About the Author

Valencia Higuera is a personal finance expert who enjoys articles on budgeting, saving money and credit cards. She holds a B.A in English from Old Dominion University and currently lives in Chesapeake, Virginia.