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From the Kansas City Chiefs to St. Louis’s Gateway Arch, Missouri has plenty to offer both residents and visitors. As a result, there are plenty of Missouri banks. In fact, it can be tough to narrow down the options.
17 Best Banks in Missouri
From online banking apps to small community banks and large financial institutions, Missouri has a little of everything. Here are some of the best Missouri banks to kick off your search.
1. First Midwest Bank
Founded in Poplar Bluff, First Midwest Bank has branches and ATMs in Poplar Bluff, Columbia, Greenville, Piedmont, Puxico, Van Buren, and Williamsville. Currently, First Midwest is offering $.10 cash back per swipe of your First Midwest Dime-a-Time debit card.
Recently, First Midwest merged with Old National Bank to expand its service area and offerings to Indiana, Illinois, and Kentucky.
Pros:
- Cash back with each debit card purchase
- No monthly maintenance fees with most checking accounts
- Wide variety of account options
Cons:
2. U.S. Bank
Missouri residents looking for a national bank with branches in Missouri might like U.S. Bank. You’ll find branches and ATMs in 25 different states, along with a mobile app that allows you to transfer funds, pay bills with bill pay, and split a check with Zelle.
U.S. Bank’s current special on CDs means you can earn up to 4.75% APY. Small business owners should consider U.S. Bank’s current checking bonus, which offers $500 if you open a new account and deposit $5,000. Deposit $15,000 and earn a $750 bonus.
Pros:
- Robust mobile banking features
- Up to $750 bonus for business checking account
- Wide range of banking services
Cons:
3. Chime
Chime is a mobile banking solution with competitive interest rates on savings accounts. You’ll get fee-free1 ATM access nationwide at any MoneyPass, Allpoint, and VisaPlus Alliance ATM, as well as access to your direct deposit up to two days early2. Electronic deposit customers also qualify for up to $200 in overdraft protection through SpotMe5, although Chime charges no fees for overdrafts.
Pros:
- No fees on checking account
- Up to 2.00% APY3 on savings accounts
- No overdraft fees
Cons:
- No physical branches
- No cash deposit options
4. GO2bank
GO2bank is an online banking solution with a full-featured mobile app and access to free ATM withdrawals and deposits through partners. Your account with GO2bank will include a checking account with no maintenance fees and a high-yield savings account.
If you’re interested in building credit, you can qualify for a GO2bank Secured Visa Credit Card, which reports your on-time payments to credit bureaus and requires no credit check.
Pros:
- Fee-free checking account with direct deposit
- Up to 4.50% APY on savings accounts
- Cash deposits at 90,000+ retail locations nationwide
Cons:
- No physical branches
- Direct deposit necessary for free checking
5. Commerce Bank
Kansas City residents should consider Commerce Bank, a community bank with locations throughout the area. You’ll also find ATMs and branches throughout Missouri, as well as in 10 other states. You’ll find a wide variety of checking account and loan options, as well as savings accounts and CDs.
Not only will you get in-person customer service at a branch, but you can chat with a live banker at any time in the Commerce Bank CONNECT app. You’ll choose the banker and connect with the same representative every time.
Pros:
- Branches and ATMs in 11 states
- Free account includes full mobile banking services
- Competitive rates on loans
Cons:
- No fee-free ATMs outside the service area
- Low interest rates on savings accounts and CDs
6. Regions Bank
With branches in Missouri, Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, and Texas, Regions Bank is a great option if you travel within the Midwest and Southeast.
Regions Bank offers a variety of banking services, including wealth management services and support for small business owners. With DepositSmart ATMs, you can skip the branch and deposit your funds at an ATM.
Pros:
- DepositSmart ATMs let you deposit cash and checks without visiting a branch
- Flexible requirements to waive checking account fees
- Checking accounts for students and seniors
Cons:
- Low rates on savings accounts
- No branches or ATMs outside the Midwest and South
7. Axos Bank
If you don’t need a local branch, online banking might be an option. Axos Bank offers online services through its website and mobile banking app. There are multiple checking account options, including accounts with no monthly maintenance fees and rewards.
Axos offers unlimited ATM fee reimbursements, so you can use your debit card anywhere in the U.S. Currently, Axos has a $100 bonus for new checking account holders who open an account and have at least $1,500 in electronic deposits within the first 30 days.
Pros:
- $100 bonus for new rewards checking account
- Up to 3.30% APY on checking accounts
- Unlimited reimbursements for out-of-network ATM fees
Cons:
- No physical branches
- Low interest rates on savings accounts
8. Central Bank
Central Bank is a regional bank with more than 130 locations in Missouri, Kansas, Illinois, and Oklahoma. You’ll find multiple checking account options, including a fee-free account with all the basic features.
You’ll enjoy free ATM transactions at any Central Bank ATM, as well as more than 37,000 ATMs nationwide. Central Bank also has robust business banking options, including loans and multiple checking options.
Pros:
- Fee-free ATM withdrawals at 37,000+ MoneyPass locations nationwide
- Personalized customer service at branches
- Wide range of loan options available
Cons:
- $50 minimum deposit to open
- Branches in Missouri are mainly in the southwest and central part of the state
9. Bank of America
There are benefits to going with a national bank, including access to banking services while traveling and a broad range of features. As one of the largest national banks, Bank of America has competitive offerings, including a variety of checking account options and wealth management services.
Business customers can earn a $200 bonus for opening a new account and depositing $5,000 in the first 30 days. Individual banking customers should check out the $200 rewards bonuses on new credit cards.
Pros:
- 3,900 branches and 15,000 ATMs nationwide
- Robust free mobile banking features
- Wide range of personal and business credit cards
Cons:
- Low interest rates on savings accounts
- Long waits for customer service
10. Great Southern Bank
Great Southern is headquartered in Springfield, with branches in Missouri, Arkansas, Iowa, Kansas, Minnesota, and Nebraska. You’ll find multiple checking account options, with a free basic checking account.
Although Great Southern’s checking accounts require minimum deposits, there are three options with only a $25 minimum opening deposit required. That includes a second chance account designed to help those who struggle to establish an account due to their banking history.
Pros:
- Fee-free ATM transactions at Allpoint ATMs nationwide
- Branches across six states
- Competitive rates on personal loans
Cons:
- Checking accounts require a minimum deposit to open
- Limited customer service hours
11. Belgrade State Bank
Belgrade State Bank is a local bank with checking and savings accounts. While there are limited ATMs and branches, Belgrade’s out-of-network ATM fee is only $1. This is in addition to the fees that will be charged by the third-party bank.
Belgrade has robust business banking options, including a fee-free checking account that includes 1,000 items per month, with a $0.25 charge per transaction after.
Pros:
- Free checking with enrollment in e-statements
- No minimum balance requirement for checking accounts
- Competitive rates of personal loans
Cons:
- Limited branch and ATM footprint
- $50 minimum deposit to open
12. PNC
PNC is one of the biggest national banks with 26 branches in Missouri. Although PNC only has branches in 29 states, you’ll enjoy fee-free access to your cash at more than 60,000 ATMs nationwide, thanks to PNC’s partner network.
Pros:
- Access to more than 60,000 ATMs nationwide
- Branches in 29 states
- Competitive mobile banking features
Cons:
- Low interest rates on savings account
- Accessible banking services, including support for non-English-speaking customers
13. Mid-Missouri Bank
Mid-Missouri Bank is one of the best banks for both the small business owner and the consumer. You’ll find 14 branches across Missouri, as well as ATMs within the coverage area. There are two checking accounts.
One issues an annual percentage yield on your balance, while the other offers cash back on debit card purchases. Mid-Missouri offers competitive rates on personal loans, including auto, home, and home equity lines of credit.
Pros:
- 14 branches across Missouri
- Basic account earns cash back or APY
- Up to $25 in ATM fees refunded each month
Cons:
- Lower APY on savings account than competitors
- Limited number of branches and ATMs
14. Bank of Missouri
Bank of Missouri is one of the best banks in Missouri for its checking account perks. You’ll have three options: a bank account that earns 3.05% APY, an account that earns cash back on debit transactions, and an account that offers iTunes, Amazon, or Google Play refunds each month.
This bank’s checking accounts come with no monthly maintenance fees and refunds on up to $25 monthly in out-of-network ATM withdrawals.
Pros:
- Rewards and interest-bearing checking accounts
- No monthly fee on checking and savings accounts
- Competitive rates on CDs
Cons:
- Low rates on savings account
- Limited number of branches and ATMs
15. UMB Bank
UMB Bank is one of the longest-running Missouri banks, having been in existence for more than a century. You’ll find branches throughout Missouri, as well as in Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona, and Texas.
UMB also offers online banking options that make it easy to transfer funds and deposit checks. One downside to UMB is its ATM footprint. You’ll pay $2 if you can’t find a UMB ATM, and those are limited to its service area.
Pros:
- Robust mobile banking options
- Fee-free checking account available
- Competitive rates on CDs
Cons:
- Minimum deposits required for all checking accounts
- Low interest rates on savings account
16. Simmons Bank
If you’re looking for the best checking account among banks in Missouri, consider Simmons Bank, which offers impressive checking and savings accounts with plenty of branches throughout Missouri.
You’ll get fee-free cash withdrawals nationwide at MoneyPass ATMs, along with fee-free checking that requires no minimum balance or opening deposit.
Pros:
- Fee-free checking options
- Multiple checking and savings accounts
- Fee-free cash access at MoneyPass ATMs nationwide
Cons:
- Competitive rates on CDs
- Minimum deposit on savings account
17. First State Community Bank
First State Community Bank has more than 50 branches throughout Missouri for that in-person customer service. You’ll also get free access to ATMs in the MoneyPass network for cash withdrawals while you’re traveling.
The basic account, Free eChecking, offers all the features you’ll likely need with no monthly fee as long as you sign up for electronic statements.
Pros:
- Fee-free cash access at MoneyPass ATMs nationwide
- Fee-free checking option when you sign up for electronic statements
- Round up debit transactions to boost your savings
Cons:
- Opening deposit required for checking
- Limited branch locations
Frequently Asked Questions
What is the most popular bank in Missouri?
Like most states, Missouri has plenty of large corporate banks with branches in the area. Some consumers will always prefer that option due to the wealth of banking services and access to ATMs nationwide. Bank of America has a strong presence in Missouri, as does U.S. Bank.
But when it comes to popularity, locals tend to cite smaller banks. Central Bank is often mentioned as a favorite, in part due to its heavy presence throughout Missouri. Commerce Bank also often tops lists of the best banks in Missouri.
If you go with a local bank, look for one that’s covered by the Federal Deposit Insurance Corporation and pay close attention to whether you’ll have access to cash withdrawals at ATMs while traveling.
What is the best bank for small businesses in Missouri?
Those looking for business accounts typically have different criteria than those searching for personal accounts. You might be more interested in being able to invoice customers, for instance, or track spending for tax purposes.
If you’re a freelancer in Missouri, take a look at Axos for your small business banking. U.S. Bank has great money management features, so if that’s a priority, take a look at its small business banking services.
Which Missouri bank has the best customer service?
As valuable as it can be to have a bank account with no monthly maintenance fees or plenty of ATMs, sometimes it’s all about getting help when you need it. If you like in-person service, go with a small brick-and-mortar option with branches that are convenient to you. First State and Bank of Missouri are both great traditional banking options.
For some people, though, the best banks are those that offer easy-to-use remote customer service. Whether that means getting help via a chatbot or connecting with a representative by phone, narrow the options to something that works for you. Ally Bank has been recognized for its 24/7 customer support, primarily because you’ll get an estimate of how long you’ll have to wait on hold before you launch the call.
Which Missouri bank is the most reliable?
As long as you go with an FDIC-insured bank, your funds will be protected up to $250,000. Still, nobody wants to stress over a bank eventually going under. Large corporate banks like Bank of America and U.S. Bank have a long history and an impressive asset value that protects them from default.
But there are plenty of reliable local banks in Missouri as well. First State has been in business for 150 years, and Central Bank was founded in 1902. Both are unlikely to go anywhere and if they did, it would be to merge with another bank or join a parent company.
The best banks are the ones that fill your needs while also keeping fees at a minimum. It’s important to compare at least a few options to make sure you’re getting the best deal for your Missouri banking needs.
1. Out-of-network ATM withdrawal fees may apply with Chime except at MoneyPass ATMs in a 7-Eleven, or any Allpoint or Visa Plus Alliance ATM.
2. Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. Chime generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.
3. The Annual Percentage Yield (“APY”) for the Chime Savings Account is variable and may change at any time. The disclosed APY is accurate as of May, 22, 2023. No minimum balance required. Must have $0.01 in savings to earn interest.
5. Chime SpotMe is an optional, no fee service that requires a single deposit of $200 or more in qualifying direct deposits to the Chime Checking Account each at least once every 34 days. All qualifying members will be allowed to overdraw their account up to $20 on debit card purchases and cash withdrawals initially, but may be later eligible for a higher limit of up to $200 or more based on member’s Chime Account history, direct deposit frequency and amount, spending activity and other risk-based factors. Your limit will be displayed to you within the Chime mobile app. You will receive notice of any changes to your limit. Your limit may change at any time, at Chime’s discretion. Although there are no overdraft fees, there may be out-of-network or third party fees associated with ATM transactions. SpotMe won’t cover non-debit card transactions, including ACH transfers, Pay Anyone transfers, or Chime Checkbook transactions. See Terms and Conditions.
Source: crediful.com
