Zions Bank Review: Regional Locations With Online Accessibility

GoBankingRates Score

Our Take: Zions Bank offers a wide range of products and services, including checking and savings accounts, money market accounts, certificates of deposit, credit cards, loans and individual retirement accounts. It provides safe and robust online banking services, including an online money market account with a higher interest rate than the traditional money market account. Zions Bank also offers specialized accounts like Military Advantage Checking and accounts well suited for student banking.
  • Digital experience
  • Breadth of Products
  • Accessibility
  • Interest rates
How did we calculate this?


  • Several checking and savings options
  • Online comparison tool to find the best account for you
  • Link checking and savings account to eliminate overdraft fees


  • Comparatively low savings account interest rates
  • Few branches for local customers who like to bank in person

About Zions Bank

Zions was founded in 1873 by Brigham Young. The bank is a division of Zions Bancorporation and is headquartered in Salt Lake City. It offers personal and business banking and wealth services to customers, both in person and online. The bank has 122 branches located in Utah, Idaho and Wyoming. Zions Bank is one of the Best Regional Banks of 2021 in GOBankingRates’ Best Banks 2021 rankings.

Zions Bank Products

Zions Bank has most of the financial products you’re likely to need. Here’s a rundown of Zions’ banking products:

Type Best For
Checking Account Overdraft protection
Savings Account Automatic savings
Money Market Online-only savers
CD Guaranteed returns

Zions Bank Checking Account

Zions Bank offers a selection of checking accounts, including one specifically for military customers. All accounts include a Visa debit card, digital banking with mobile check deposit and overdraft services. The website includes a handy comparison tool so customers can compare the features of up to three checking accounts to determine the best one for their needs.

The minimum opening deposit for a Zions Bank checking account is $50. The Anytime Checking account has no monthly maintenance fee, and the fee for Anytime Interest Checking and Premium Interest Checking can be waived with a qualifying minimum daily balance or a combined deposit and consumer loan balance.


  • Online checking account comparison
  • Waivable monthly maintenance fees
  • Better rates on Premium Interest Checking when linked to savings and other accounts


  • Can use linked savings accounts for overdraft protection
  • Online banking and mobile app with check deposit
  • Online bill paying and Zelle money transfer


  • Limited fee waivers for using other banks’ ATMs
  • Fee for paper statements with some accounts

Zions Bank Savings Account

Zions Bank offers a basic savings account and a Young Savers account. The basic account has a minimum opening deposit of $50 and a limit of six withdrawals and transfers per month. The Young Savers account teaches good financial habits with no monthly maintenance fees and interest paid on the first dollar. It includes online banking and bill pay, and you can make automatic transfers from your Zions Bank checking account to help your savings grow.


  • Low minimum balance to waive monthly fee
  • Automatic transfers from checking
  • Digital banking


  • Young Savers account has low $5 minimum opening deposit
  • Waive monthly maintenance fee with just a $200 balance


  • Low 0.03% annual percentage yield savings account interest

Zions Bank Money Market Account

Zions Bank offers a traditional money market savings account and an online money market account. There’s also an IRA money market account for retirement savers. All earn a variable rate of interest, which ranges from 0.02% to 0.09% APY on the basic money market account and from 0.02% to 0.08% on the IRA money market account. The online money market account earns 0.40% APY on balances over $1,000.


  • Variable rate of interest
  • Check-writing privileges for easy access to funds
  • FDIC-insured up to $250,000 per depositor


  • 0.40% APY on online money market account
  • Can use balance to increase rates on other products


  • IRA money market rate has low 0.02%-0.08% APY
  • $100,000 balance required for highest IRA or traditional money market rate of 0.08% APY

Zions Bank CD Account

Zions Bank offers CDs in terms ranging from one month to 60 months. Depositors get a slightly higher interest rate if the opening deposit is $100,000 or more. An IRA CD is also available.


  • Guaranteed interest rate
  • FDIC-insured up to $250,000 per depositor


  • Higher balance or longer terms get higher interest rate
  • Digital banking included


  • Low interest rates range from 0.01% APY to 0.36% APY

Banking Experience

Zions Bank is a regional brick-and-mortar bank that wants to compete with online-only banks. The bank offers a money market account that is online only and pays a significantly higher rate of interest than the basic money market account.

ATM users will want to be aware that Zions Bank charges $2.00 when you make a transaction at a non-Zions Bank network ATM. The daily withdrawal limit on a Zions Bank Visa debit card is $500, and only $300 can be withdrawn in a single transaction.


Zions Bank offers online banking and a mobile app. Online banking includes 24-hour access to your balance and transaction history, including loans and credit card balances. You can pay your bills online and transfer money to others with Zelle. The mobile banking app lets you manage your accounts anywhere at any time, and you can deposit checks quickly and easily. You can also get your account statements and tax documents online, saving paper and helping the environment.

How To Make a Deposit

At Zions Bank, you can make a deposit:

  • At a Deposit Ready ATM, which you can find here
  • At a Zions Bank branch
  • Using the mobile check deposit feature on the mobile app

How To Open a Zions Bank Account

To open an account at Zions Bank:

  • Select the type of account you want on the website.
  • Make sure you have this information available for each account holder:
    • Name, address, phone number and email address
    • Social security number
    • Driver’s license or other government ID
    • Employer’s name and address
  • You’ll also need the information for the account your opening deposit is coming from.
  • Fill in your information, set up your opening deposit and you’re all set.

You can also open an account at a Zions branch.

Key Information

Zions Bank Fees

Monthly service fees aren’t the only costs you need to be aware of. You’ll also pay for using certain bank services or overdrawing your account.

Type Amount
Overdraft  $32, maximum five per day account is overdrawn $5 or more
Continuing Overdraft Fee $30 per day if overdrawn at least $5 for seven days
Overdraft Deposit Transfer Fee $5 for each transfer of more than $10
Cashier’s Check (at a branch) $6
Outgoing Wire Transfer $25
Stop Payment $25

Zions Bank vs. Competitors

When seeking out a new bank, it’s best to look at all your options. Here’s how Zions Bank stacks up to the compeition.

Bank Best For
Zions Bank Online accessibility
Wells Fargo Convenient locations
Chase Bank Variety of products
Bank of America Nationwide branches and ATMs

Zions Bank vs. Wells Fargo

Wells Fargo serves one in three households in the US, making it one of the most popular banks in the country. But Zions Bank offers higher interest rates and more personalized service.

Zions Bank vs. Chase Bank

Chase has a product assortment that puts most regional banks to shame, and it currently offers a new account opening bonus. But if you’d rather get a higher rate of interest all the time, take a good look at Zions Bank.

Zions Bank vs. Bank of America

Bank of America has 4,300 branches and 17,000 ATMs nationwide, so there’s almost always one nearby. If you prefer to do your banking online and would prefer higher interest rates, Zions Bank is the choice for you.

Also See: Mountain America Credit Union Review: Members Get Rewarded

Final Take

Even though Zions Bank is a regional bank with a limited brick-and-mortar footprint, it’s still a safe choice because has the digital banking tools to make up the difference. By offering significantly higher interest rates for online-only money market accounts, Zions Bank is clearly catering to the customer who wants to do all their banking online, so the bank’s physical locations don’t matter.

Zions Bank offers a choice of checking and savings accounts, and you can use the online comparison tool to find the right ones for you. There are also specialty accounts, like Military Advantage Checking, and student banking.

Editor’s Favorite

If you do most of your banking online, don’t think you have to go to a big, nationwide bank. Zions Bank offers robust online banking tools, and its online-specific accounts offer much better interest rates than its basic accounts. The online comparison tool that helps you choose the best savings or checking account is helpful, too.


Now that you know more about Zion's products and services, here are answers to some of the bank’s frequently asked questions.
  • What Is a Checking Account?
    • Zions Bank is a division of Zions Bancorporation, N.A., (NASDAQ:ZION), a publicly traded company.
  • How many branches does Zions Bank have?
    • Zions Bank has 122 branches in Utah, Idaho and Wisconsin.
  • Does Zions Bank have mobile deposit?
    • Yes. With the Zions Bank mobile app, you can deposit checks as well as transfer funds, check balances and perform other account-management tasks.
  • What services does Zions Bank offer?
    • Zions Bank offers checking accounts and savings accounts, including money market accounts and CDs. It also offers credit cards, personal, auto, student and home loans, and private banking and wealth planning. Zions provides business banking products and services, too.
  • Who is the CEO of Zions Bank?
    • A. Scott Anderson is president and CEO of Zions Bank.
  • Does Zions Bank offer free money for signing up for an account?
    • Right now, Zions Bank is not offering any account opening bonus promotions, but it does have higher-than-average interest rates.

Rates are subject to change. Information on accounts is accurate as of 12/4/2020.

This content is not provided by Zions Bank. 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 Zions Bank.

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About the Author

Karen Doyle is a personal finance writer with over 20 years’ experience writing about investments, money management and financial planning. Her work has appeared on numerous news and finance websites including GOBankingRates, Yahoo! Finance, MSN, USA Today, CNBC, Equifax.com, and more.

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