There’s more to Utah than meets the eye, especially when you consider the best banks in the state. Keep reading to learn more about the best banks in Utah.
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Local branches are only half the picture. These five are available nationwide, so they compete with anything in your state and usually pay more to switch.
Did you know there’s an automated teller machine (ATM) on every continent? Even if you’re in frigid Antarctica, you can still cash out your account if you need it.
The good news is that you don’t have to travel to the ends of the earth to find a good bank. You can find many personable local and community banks right in your backyard, including in the state of Utah.
Utah is known for many different things, but in this article, we’ll focus on the best banks you can work with to make your financial dreams a reality. These banks offer many financial products and services for everything from personal to business banking.
Are you ready to learn more about the best banks in Utah? Let’s get started!
17 Best Banks in Utah
Utah is home to the Sundance Film Festival, Salt Lake City, and some of the best banks in the country. Which of the best banks in Utah will you choose?
$400 is a couple weeks of groceries for a lot of Utah families, and that’s roughly what you leave on the table by sticking with the same checking account you opened years ago. Chase Total Checking® pays new customers a $400 bonus (see it here) for opening an account and setting up direct deposit, with the bonus typically landing within 90 days. Most working Utahns qualify on the first try.
The requirement is simple: open a new Total Checking® account and get $1,000 or more in qualifying direct deposits within 90 days. The $15 monthly service fee drops to $0 in any statement period you receive $500 or more in qualifying electronic deposits, so the account is effectively free.
Chase also has a strong footprint across the Wasatch Front, with branches throughout Salt Lake City plus Provo, Ogden, Sandy, and the surrounding suburbs, along with thousands of free Chase ATMs. Add 15,000+ ATMs and thousands of branches nationwide for whenever you travel out of state. Zelle® is built in, the mobile app is top-rated, and you can link a Chase savings account or credit card later, all under one login.
If you want the biggest checking bonus around and a national bank with real branches nearby, Chase Total Checking® is worth a look. Check the current bonus and terms on Chase’s official website before you open.
Salt Lake rent has climbed steeply and the Wasatch Front commute costs fuel and time in equal measure. Provo and Ogden have followed. Utah households also skew larger than the national average, which means groceries and utilities scale up with them. All of it is due before the next deposit lands.
Current closes that gap. Set up $1,500 or more in Eligible Payroll Deposits within your first 35 days using code WELCOME75 and you get $75. The $1,500 is cumulative, so two or three normal paychecks get you there, and the bonus usually shows up within about ten business days. After that you can pull up to $1,000 of your next paycheck early through Paycheck Advance, with no interest and no credit check.
There is no monthly fee and no minimum balance. Read the deposit rule carefully, because it is the one place people trip: only genuine payroll direct deposits count. Non-payroll ACH transfers, Venmo, Cash App, Zelle, PayPal, Google Pay, mobile check deposits, cash and one-time deposits like a tax refund are all excluded. Worth being precise about the coverage too: Current is a financial technology company, not a bank. Banking services and the debit card come from Choice Financial Group and Cross River Bank, both Members FDIC, so your deposits get pass-through FDIC coverage up to $250,000 through those partner banks.
New customers only, and it is worth doing in the order above: open the account, enter WELCOME75, then point your payroll at it. Switch your paycheck and claim the $75 here.
3. SoFi
SoFi Checking & Savings is one of the top account options available if you want simplicity, no fees, and strong rewards. There are no monthly maintenance fees, no minimum balance requirements, and you can open an account online in just minutes.
New customers can earn up to a $450 bonus when they set up direct deposit.
This account includes free access to more than fifty five thousand ATMs nationwide, overdraft protection up to fifty dollars when you qualify with direct deposits, and an easy-to-use mobile app. You can deposit checks, pay bills, transfer funds, and even set up automatic savings vaults to reach your goals faster.
SoFi is designed to be simple, modern, and rewarding, making it the best overall choice if you are looking for a new bank account.
4. Wells Fargo
Utah residents can count on Wells Fargo for dependable banking services, with branches and ATMs throughout Salt Lake City, Provo, and Ogden.
The Everyday Checking account is an excellent option for managing finances, offering a $325 bonus for new customers who open an account with $25 and set up $1,000 in direct deposits within 90 days. Wells Fargo’s secure mobile and online banking tools, combined with 24/7 fraud monitoring, make it a trusted choice in the Beehive State. The $15 monthly fee is waivable with qualifying activities.
Start your account today and discover why Wells Fargo is a preferred bank in Utah.
American First Credit Union is the largest credit union in Utah. This credit union has an extensive network of 96 locations in the state and an impressive 121 locations across the country.
Established in 1939, this credit union offers competitive APYs. You can access various financial products, including checking and savings accounts, HSAs, money market accounts, CDs, and IRAs.
American First Credit Union provides various loan options, covering personal, auto, home equity, and mortgage loans. Joining America First Credit Union requires you to live, work, attend school, worship, or volunteer in select counties, including:
Salt Lake
Utah
Juab
Some areas of the following counties are eligible for membership:
Cache
Davis
Iron
Rich
Washington
Weber
Membership is also open to members of select counties in Nevada, Arizona, Idaho, Oregon, and New Mexico. Visit America First Credit Union’s website for more information.
For those looking for the best checking accounts, American United Federal Credit Union’s Fresh Start Checking offers a promising solution. Account holders also receive an end-of-the-year reward dividend.
The credit union provides access to over 30,000 ATMs nationwide without any fees. With free online and mobile banking, members can enjoy convenient features like mobile remote deposit, bill pay, and eStatements.
You must have a $20 deposit to open the account. This account also has a $7 monthly fee.
However, members can reduce this fee to $4 by maintaining a minimum balance of $750 or more. American United Federal Credit Union hosts branches in several locations, including:
West Jordan
Draper
Salt Lake City
Sandy
Kearns
Grantsville
Cabazon
San Jacinto
American United Federal Credit Union is part of the Co-Op Shared Branch Network. This partnership allows members to access their accounts at various credit unions nationwide.
Central Bank was founded in 1891. This bank offers online and mobile banking with bill pay and money management tools.
With 11 locations in Utah, Central Bank caters to personal and business banking needs. Financial services include checking and savings accounts, CDs, personal lines of credit, construction loans, HELOCs, auto loans, mortgages, and reward debit and credit cards.
Cyprus Credit Union presents the Fresh Start Checking account, an opportunity for a fresh financial beginning. With a minimum deposit of $25 and a $5 monthly fee, the account offers free online and mobile banking.
This account also includes a complimentary Visa debit card and unlimited check writing. You must maintain a positive balance for a year to upgrade to the Standard Checking account.
Cyprus Credit Union has convenient locations in Salt Lake City and West Valley. Membership is available to those living in Salt Lake City or working at participating companies.
In addition, individuals with relatives who are already members or those willing to donate $5 to the Community Recreation Association are eligible to join. Cyprus Credit Union provides an inclusive banking solution to its members, catering to their diverse needs.
First Community Bank Utah was established in 1905. This bank is a trusted local community bank proud to collaborate with Glacier Bancorp.
Renowned for its excellent customer service, the bank operates through 12 branches in Utah. Customers can benefit from various banking solutions, including checking and savings accounts, retirement options, credit cards, personal loans, and mortgages.
First Community Bank Utah provides online and telephone banking services. Both personal and business banking needs are catered to with dedication and expertise.
There are seven First Utah Bank branches in Utah, each offering residents a community bank they can trust. First Utah Bank is a full-service bank offering personal and business banking options.
You can bank with First Utah Bank online or via your smartphone. This Utah-based bank is locally owned and operated and offers checking and savings accounts as well as debit and credit cards.
While Goldenwest Credit Union may not offer the best money market accounts, you can open several other accounts with this Utah-based credit union. These include checking and savings accounts, HSAs, education savings accounts, and IRAs.
Goldenwest Credit Union is the third-largest credit union in Utah and has locations in eight counties. Home, auto, and home equity loans come with competitive rates.
You can also open several credit cards with this credit union, which also specializes in retirement planning. There are several ways to join, including joining if a family member has already done so.
12. 1st Bank
Although it’s part of the Glacier Bank Group, 1st Bank has its own management team. This Utah-based bank offers customers many financial products and services, including checking and savings accounts.
1st Bank also offers retirement accounts, personal loans, mortgages, and construction loans. You can also choose from a variety of debit and credit cards.
Mountain America Credit Union is the second-largest credit union in Utah. Established in the 1930s, Mountain America Credit Union supports many surrounding communities.
This credit union offers membership eligibility based on living or working in specific counties or being part of a Select Employer Group. Those related to current members can also join.
Mountain America Credit Union has branches in the following states:
Utah
Arizona
Nevada
New Mexico
Idaho
Montana
Mountain America Credit Union provides a comprehensive range of financial products and services. Customers can benefit from various account options, including checking, savings, teen and youth savings accounts, as well as IRAs and CDs.
Additionally, the credit union offers debit and credit cards, auto and home loans, and personal loans to cater to diverse financial needs. Mountain America Credit Union remains a reliable choice for individuals seeking a welcoming and inclusive banking experience in Utah.
You must have $50 to deposit into your new Mountain West Bank account. You can open four checking accounts at Mountain West Bank, including the following:
Totally Free Checking
Easy Interest Checking
50+ Interest Checking
Premier Interest Checking
Mountain West Bank offers free online and mobile banking with bill pay and remote deposits. You can also opt for eStatements and a Visa debit card with your new checking account.
University Credit Union has been serving the community since 1956. Membership is available to individuals living, working, or worshiping in Salt Lake, Davis, Summit, Tooele, Wasatch, and Utah Counties.
You can also become a member if a family member is affiliated with University Credit Union. This credit union offers a comprehensive range of financial products, including checking and savings accounts, money market options, CDs, and IRAs.
Customers can also access various loan options, such as auto and personal loans, as well as home loans and credit cards. With its strong community ties and diverse offerings, University Credit Union remains popular among members seeking reliable financial solutions.
Zions Bank was founded in Salt Lake City and has served residents for over 100 years. This Utah-based bank offers accessible banking solutions with a minimum deposit of $50.
With a vast network of 95 branches across the state, the bank provides affordable checking options, including an account dedicated to military personnel. Customers can choose from various financial products, such as savings accounts, money market accounts, CDs, and IRAs.
The Anytime Checking account requires a minimum deposit of $50 and is free from monthly fees. Mobile banking and Zelle are available with all checking accounts.
The Premier Interest Checking account earns interest. A $20 monthly fee is applicable unless customers maintain $10,000 in combined balances or $25,000 in deposit and personal loan balances.
Along with its diverse account offerings, Zions Bank provides loan and mortgage services. With a century of experience, the bank remains a reliable choice for superior banking solutions in Utah.
Ally Bank is a leading online-only financial institution known for its customer-centric approach. Unlike some of the best national banks, Ally offers the advantage of no minimum deposit requirement and provides an impressive APY.
The “Spending Account” serves as Ally’s premier checking account, featuring no monthly fees. Access to cash is made easy through Ally’s vast Allpoint ATM network.
Ally Bank also offers mobile check deposits, online account statements, and integration with Zelle for secure money transfers. If you can’t find a traditional bank account in Utah, Ally Bank could be a viable solution.
Utah banking questions, answered
Which bank has the biggest sign-up bonus in Utah?
Chase Total Checking pays the biggest bonus on this list: $400 once your qualifying direct deposits total $1,000 or more within 90 days of opening. It is cumulative, so two or three normal paychecks clear it, and the cash lands within 15 days. You also get branch access across Utah, plus 5,000+ branches and 14,000+ ATMs nationwide.
Which bank can spot me money when I need it?
Current lets you draw up to $1,000 of your next paycheck early, with no interest and no credit check. New customers can also earn a $75 bonus with code WELCOME75 after $1,500 or more in eligible payroll deposits within 35 days. Current is a financial technology company, not a bank; banking services are provided by Choice Financial Group and Cross River Bank, both Members FDIC.
Which of the best banks in Utah offer free checking accounts?
SoFi, 1st Bank, Ally Bank, Central Bank, First Community Bank Utah, KeyBank, Mountain West Bank, Zions Bank, America First Credit Union, and University Credit Union offer free checking accounts. Other banks in Utah may offer free checking accounts after you complete specific requirements to waive the monthly fees.
How many bank accounts can you have in Utah?
You can have as many bank accounts as you want in Utah. Most people have one or two, depending on what they do for work, but you can open as many as you like if you can keep track of them. Stacking accounts is how most people collect several welcome bonuses. Our best bank account bonuses roundup lists what each pays.
What are some of the best credit unions in Utah?
Utah’s best credit unions include Cyprus Credit Union, Beehive Federal Credit Union, Mountain America Credit Union, and America First Credit Union. Utah Community Credit Union and Goldenwest Credit Union are also among the top credit unions in the state. All of them insure deposits through the NCUA to $250,000. Our credit unions vs. banks comparison covers which fits you better.
Set Banking Records in the Land of the Bonneville Salt Flats
Most people think there’s a lot of nothing in Utah, but there’s more to this state than meets the eye. In addition to Utah’s natural wonders, you’ll find several financial institutions ready to assist you with your banking needs.
We hope this article helps you find some of Utah’s best banks and credit unions. Banking here is just as important as it is elsewhere in the nation.
$400 once your direct deposits total $1,000. You have 90 days from enrolling, and it is cumulative rather than one big deposit.
Paid within 15 days of hitting the requirement.
$15 monthly fee, waivable four ways. $500+ in qualifying electronic deposits, a $1,500 daily balance, $5,000 average across linked accounts, or linking a qualifying checking account. Zelle, cash, checks and wires do not count.
More than 5,000 branches and 14,000 ATMs.
Bonus paid within 15 days, and it is closed to existing Chase checking customers.
Pros & Cons
$400 for $1,000 of direct deposits, the best ratio here
Up to $450, and it is three separate bonuses. $25 for opening and depositing $50 or more within 25 days, $25 more for enrolling in SoFi Plus, and up to $400 on direct deposit.
The $400 tier is strict. Eligible direct deposits totalling $5,000 or more inside 25 calendar days. $1,000 to $4,999.99 pays $50, under $1,000 pays nothing.
No fees and no minimums, and savings earns 3.30% APY with eligible direct deposit activity.
Only real payroll counts. Check deposits, Zelle, PayPal, Venmo, Wise, wires and IRS tax refunds are excluded.
Paid within about 7 business days. The direct deposit bonus runs to December 31, 2026, and SoFi lists the two $25 bonuses as running October 1 to October 21, 2026.
Pros & Cons
Three bonuses stack to $450 if you qualify for all of them
3.30% APY on savings with eligible direct deposit
No monthly fee, no minimum, no overdraft fee
SoFi Bank, N.A. is itself a Member FDIC bank
Bonus pays within about 7 business days
The $400 tier needs $5,000 in eligible direct deposits
$1,000 to $4,999.99 pays only $50
Deposits are totalled over just 25 calendar days
P2P, wires, check deposits and tax refunds do not count
The $1,000 headline needs $200,000 deposited. The welcome bonus is tiered: $40 at $10,000, $100 at $25,000, $200 at $50,000, $425 at $100,000 and $900 at $200,000 or more, plus a Savings and CD Boost of $10 to $100 on top.
Code STACK has to be entered at sign-up, and it is new customers only.
The first deposit must be initiated by October 31, 2026. Balances then have to be maintained for 90 days, and the cash lands within 30 days of qualifying.
Raisin is not a bank. It is a marketplace over 100+ partner banks and credit unions. Your money sits at the partner institution through a custodial bank, so cover is pass-through FDIC or NCUA up to $250,000 per institution.
No platform fees and a $1 minimum to open a product. APY up to 4.40%, accurate as of September 28, 2026.
Pros & Cons
Access to 100+ partner banks and credit unions from one login
Up to 4.40% APY, well above a typical bank savings rate
No platform fees and a $1 minimum to open
Spreading across partners can reach $10M+ in FDIC or NCUA coverage
Move money between savings products as rates change
The $1,000 headline needs $200,000 deposited
First deposit must be initiated by October 31, 2026
Balances have to be maintained for 90 days
Code STACK must be entered at sign-up, new customers only
$1,500 in eligible payroll deposits within 35 days. This is the requirement people miss. It is cumulative, not a single deposit.
$75 with code WELCOME75. New customers only, and the code has to be entered at signup.
Paid within about 10 business days of your deposits reaching $1,500.
Transfers do not count. Venmo, Cash App, Zelle, PayPal, mobile check deposits, cash and one-off deposits like a tax refund are all excluded.
No credit check to open, and up to $1,000 before payday. Instant access carries a fee, or wait up to 3 days for free.
Current is a fintech, not a bank. Banking services come from Choice Financial Group and Cross River Bank, both FDIC members, so cover is pass-through up to $250,000.
Pros & Cons
No credit check to open
$0 monthly fee
Up to $1,000 of your paycheck before payday
No credit check on Paycheck Advance, and repayments are not reported
Realistic approval after a past bank closure
Needs $1,500 in eligible payroll deposits within 35 days
Smallest bonus here at $75
Venmo, Cash App, Zelle and PayPal do not count
Current is a fintech, not a bank, so FDIC cover is pass-through
Instant advances carry a fee unless you wait 3 days
3.75% APY on balances of $5,000 or more, and 0.25% below that. It is tiered, so your end-of-day balance sets the rate and it is paid on the whole balance.
$100 minimum to open, and no account opening or monthly service fees.
CIT Bank is a division of First Citizens Bank, FDIC insured to $250,000 per depositor per ownership category. Deposits across First Citizens divisions are combined for that limit.
Opening takes about five minutes online.
APYs accurate as of July 1, 2026 and variable, so confirm before funding.
Every figure above comes from each provider’s own page. For the full breakdown of the checking bonuses, including what counts as a qualifying direct deposit at each bank, see our guide to the best checking accounts.
CIT Platinum Savings APYs are accurate as of July 1, 2026: 0.25% APY on balances of $0.01 to $4,999.99; 3.75% APY on balances of $5,000.00 or more. Platinum Savings is a tiered interest rate account. Rates are variable and may change at any time without notice. $100 minimum to open. CIT Bank is a division of First Citizens Bank, Member FDIC.
Raisin bonus: new customers only, code STACK required at sign-up. Welcome Bonus is $40 at $10,000 through $900 at $200,000 or more, plus a Savings and CD Boost of $10 to $100. First deposit must be initiated by October 31, 2026 and balances maintained 90 days. Raisin is not a bank; deposits are held at FDIC-insured banks and NCUA-insured credit unions through a custodial bank. APY accurate as of September 28, 2026. Raisin charges no platform fees.
Before you go
Two accounts that pay you to switch
Both are open to residents of every state. The only real difference is how much you have to move to earn it.
Brian Meiggs founded My Millennial Guide and has spent over a decade writing about money. He tries every app and product before it goes on the site. No fluff, no guesswork. Named to the Northern Virginia 40 Under 40 earlier this year, and featured in WSJ, Business Insider, and Entrepreneur. Off the clock: chess, the gym, a quiet night in.
