Best Free Checking: Zions Bank
Zions Bank is one of the oldest in the West, with over 140 years of history. Zions Bank has almost 30 bank branches serving Las Vegas communities, and offers a great free checking option through their Anytime Checking Account. This account offers many of the same features a national bank would, such as online and mobile banking, overdraft services, and a cashback debit card.
The Anytime Checking Account stands out because there is no monthly fee and only requires $50.00 to open. Other banks require you to maintain a minimum or reach a certain amount in direct deposits a month before waiving the monthly fee, which can be upwards of $10. However, if you wish to receive paper statements, that will add an extra fee of $3 a month. Other fees may come from using other banks' ATMs or overdrawing your account.
Best Branch Access: Wells Fargo
This national bank has the over 70 branches in Las Vegas, making it the most convenient bank in the city. Wells Fargo also has the most branches across the country, making it a great choice if you enjoy traveling around. Although Wells Fargo has recently made the news for a long list of questionable practices, the bank is currently going through substantial internal change and regulatory oversight to prevent future abuses.
The Everyday Checking Account is a solid choice, with features such as 24/7 customer service, online and mobile banking, and budgeting tools. In order to open the account, you need an initial deposit of at least $25.00 and you’ll need to maintain a $1,500 daily minimum balance, have direct deposits totaling over $500 or use your debit card at least 10 times per month in order to waive the monthly fee of $10.00.
Best Checking for Students: Chase Bank
Chase Bank provides convenient access for most university students studying within Las Vegas. The Chase College Checking account is limited to students 17 to 24 years old, and provides 5 years worth of monthly fee waivers while you attend college. What makes this account stand out is the lower easily waivable monthly fee after you graduate from college.
This account offers features such as 24/7 customer service, online and mobile banking, and account alerts to help avoid overdrafts and monitor suspicious activity. These features offer safety and convenience to students who may not have the time to go to a physical branch. The Chase College Checking account only requires $0.00 to open.
Best Checking for Military: USAA
USAA was founded by Army officers for the military, which is why they offer some of the best products for the military. However, USAA accounts are restricted to those currently in or have served in the US military and their immediate family members.There are many branches and ATMs across Las Vegas and the nation providing convenience for when you're off the base or if you relocate a lot. USAA offers two checking accounts depending on your banking preferences.
The Cashback Rewards Checking account is a solid account that rewards users for purchases with their debit card. This account has no fees, no minimum balance requirements and only requires $25.00 to open. The Classic Checking account also has no fees, no minimum balance requirements and only requires $25.00 to open, but instead of offering cashback on purchases, the account offers an interest rate of 0.01% APY, which may offer you better returns than the cashback rewards on higher balances. This account also includes ATM fee refunds on out-of-network ATMs.
Best for Savings: Washington Federal
Washington Federal basically has one savings account option, and it earns an APY of 0.10% across all balances above the minimum required to earn interest—much higher than what national banks offer. However, there are only 4 branches evenly spread across Las Vegas. If physical branch access is not very important for you, you may wish to look at online savings options.
For minors, Washington Federal's savings account has no monthly fee and only requires a $10 minimum balance to open and earn interest. For adults, this account offers an easy-to-waive monthly fee of $4.00 and a low minimum balance of $100 to start earning interest. The minimum opening requirement is $25, but you must maintain a balance of $200 to waive the monthly fee.
Best for Small Business: US Bank
US Bank has the physical branch presence that small-business owners need, with almost 70 branches serving Las Vegas it is only second to Wells Fargo. However, with three different tiers of business checking options, a greater selection of loan types than Wells Fargo and a wide range of financial products, US Bank stands out from the rest of the banks in Las Vegas in providing small-business checking accounts.
The Silver Business Package has no monthly fee or a minimum balance but only allows 150 free transactions per month and a max cash deposit of $2,500.00. Any additional transactions cost $0.50 per transaction per transaction or $100 deposited. This is solid for a free business checking account, but if you're looking for a higher transaction and deposit limit, US Bank also offers a Platinum Business Package that allows up to 500 free transactions and $20,000 in deposits. For this account, the excess transaction and deposit fee is only $0.40, but there is a $25 monthly fee that can be waived by maintaining an average checking balance of $25,000.
Summary of the best Banks in Las Vegas
Deciding on the right bank account will depend on your personal needs and preferences. There are quite a few banks to look through and even more bank account options, so we recommend that you do your own research to identify what you want in a bank. This list can provide you a baseline to compare any other competitive accounts you may find as you research. If banking in person is not a high priority for you, then you may wish to check online bank options, which usually offer better terms at the expense of branch access convenience.
|Best For…||Bank Name||Monthly Fee||Features|
|Free Checking||Zions Bank||$0||Free checking and low opening deposit|
|Branch Access||Wells Fargo||$10||Most branches in Las Vegas|
|Checking for Students||Chase Bank||$0||Good account for college and beyond|
|Checking for Military||USAA||$0||Good perks for servicemembers|
|Savings||Washington Federal||$4||Earn interest on any balance|
|Small Business||US Bank||$0||No monthly fee and comprehensive small business services|