Best Banks In Denver: 3 Choices to Maximize Your Finances

Are you on the hunt for the perfect new bank in Denver?

Then read on to check out our top 3 best banks in Denver suggestions…

Updated February 2024
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Fact checked by Cathy Gresham
Best Banks in Denver

Denver is a growing metropolitan area with plenty of great places to bank. With so many financial options available, people looking to open an account in the Mile High City have plenty of options.

Whether you’re looking for a traditional bank, an online-only option, or something in between, you can find the right fit for your financial needs in Denver. In this article, we’ll cover some of the best banks in Denver, including options for those looking for a great checking account, savings account, or even a loan.

Once you’ve reviewed this list, make sure to check out our broader list of the Best Banks in Colorado too. 

What makes a bank stand out in Denver?

Before we take a closer look at the best banks in Denver, let’s first look at some of the criteria that make a bank stand out for all the right reasons. Here are just a few to keep in mind when shopping around:

Account Fees

It’s always a good idea to look for banks that offer low fees on accounts and services. A few dollars saved here and there can add up over time.

Customer Service

Customer service is key when it comes to banking. You want a bank that’s helpful, friendly, and willing to go the extra mile for customers when needed.

Account Types

We are all unique, and so it is important to ensure that you opt for a bank that gives you the freedom to choose an account that is perfect for your banking needs.

Account Features

Another important consideration is the range of features each bank offers with its accounts. This can include everything from mobile banking to overdraft protection and more.

Bank Reputation

Finally, you should always take a look at the reputation of each bank. Do some online research and read reviews to get a better sense of what the bank is like.

When compiling our list of best banks, we took a look at each of these categories when making our decision, to ensure that you are presented with the very best options for banking.

Types Of Banks

Before we take a closer look at the best banks in Denver, it is useful to have an overview of some of the different types of banks that are available.

Local Banks

The first type of bank to be aware of is the local bank. These are banks that are based in and operate primarily within a particular city, region, or state. Local banks tend to have fewer fees and better customer service since they are focused on serving their community rather than competing nationally with larger banks.

Regional Banks

The next type of bank to be aware of is the regional bank. These are similar to local banks but may offer services in multiple states or regions. Regional banks tend to be bigger than local banks and may offer more specialized products and services.

National Banks

The third type of bank to be aware of is the national bank. These are banks that operate on a larger scale throughout the entire country. National banks tend to have more branches and ATMs, as well as offer fewer fees than smaller banks.

Online Only Banks

The fourth type of bank to consider is the online bank. These banks offer all of their services, including checking and savings accounts, via a secure website or app. Online banking is becoming increasingly popular as it offers convenience and security for customers.

Now that we’ve gone over what makes a great bank, let’s take a closer look at some of the best banks in Denver. Here are a few to consider:

100+ banks to choose from in Denver

1. Best Local Bank: Alpine Bank

If you are looking for a bank that focuses on community and provides excellent service, Alpine Bank is the one to choose. Having been resident in the state of Colorado since 1973, they are a perfect choice if you are looking for a local bank that takes care of the basics.

Fees

When it comes to fees, Alpine Bank is one of the most competitive. With no monthly maintenance fee – as long as a minimum balance is maintained in some cases – and competitive rates for overdraft protection, this bank is a great choice for those looking for a low-cost banking solution.

Customer Service

When it comes to customer service, Alpine Banking are a little less flexible than some options; customers can log into their account and send a message at any time, but the telephone support service is only available from 7:30 am to 6 pm from Monday to Friday, and from 8:30 am to 12:30 pm on Saturday – this can be very restrictive compared to larger banks which offer a 24/7 service.

Account Types

In terms of account types, Alpine Bank offers a wide range of options, including checking and savings accounts, money market accounts, credit cards, certificates of deposit (CDs), IRAs, and more. They also offer a dedicated Health Savings account, which is designed to help customers manage medical expenses in a tax-advantaged way.

Account Features

Accounts at Alpine Bank also come with a range of features, including mobile banking capabilities, online bill pay, and other tools to help customers manage their finances.

Reputation

Alpine Bank is widely respected in the banking industry and has an A+ rating with the Better Business Bureau. They have been providing quality banking services to customers since 1973, so you can trust that they will stay true to their commitment to customer service and excellence.

It should be noted that despite being rated, they are not currently accredited by the BBB, which could be an issue for some customers.

One of the main features to set Alpine Bank apart from the crowd is the fact that the bank is employee-owned and locally operated – this is a key element of its ethos and helps to enhance its “local” status and reputation.

Summary

  • Fees: Zero with a minimum account balance
  • 24/7 customer service: No
  • Mobile banking: Yes
  • Online banking: Yes
  • Account types: Checking and saving
  • Interest-earning savings accounts? Yes

Special notes: Employee owned, locally operated

1stbank denver fact

2. Best Regional Bank: First Bank (1stBank)

If you are on the hunt for a great regional offering, First Bank is an excellent option. With hundreds of locations in Colorado and Wyoming – 13 of which are located in Denver itself – customers have access to the same great products, services, and customer service no matter where they are located.

Fees

First Bank offers some of the lowest fees in the region; their twelve checking accounts come with no monthly maintenance fee and free online banking, while savings accounts come with competitive rates. Credit cards also come with low rates and no annual fee.

Customer Service

First Bank offers a comprehensive customer service package, which includes dedicated phone support that is available 24/7, as well as online chat options which can help customers to get their queries answered quickly and easily. In addition, the bank also provides an extensive range of educational resources to help customers better understand financial concepts.

Account Types

First Bank offers a wide range of account types, from checking and savings accounts to certificates of deposit (CDs), IRAs, money market accounts, and more. They also offer a selection of credit cards that can be tailored to meet an individual’s needs.

Account Features

The bank also provides a selection of features to help customers manage their finances more easily; this includes mobile banking and online bill pay, as well as an array of budgeting and savings tools.

Reputation

First Bank has an A+ rating with the Better Business Bureau, and is also accredited by the BBB – this means that customers can be sure that they will receive top-notch service from the bank.

Summary

  • Fees: Zero with minimum balance 24/7 customer service: Yes
  • Mobile banking: Yes
  • Online banking: Yes
  • Account types: Checking, savings, and more
  • Interest-earning savings accounts? Yes
  • Special notes: 13 branches in Denver for easy access

3. Best National Bank: US Bank

US Bank is one of the largest banks in the United States, with branches and ATMs located across the country – including branches in Denver. Customers can take advantage of a range of products and services to suit their needs, as well as competitive rates and fees.

Fees

US banks offer competitive fees on all their accounts; while most checking accounts come with a monthly maintenance fee, this can usually be waived by maintaining a certain minimum balance in the account. Online banking is free, while savings accounts come with competitive rates. Credit cards also come with low rates and no annual fee.

Customer Service

As you would expect from a national bank, US Bank offers first-class customer service, which is available 24/7. In the first instance, customers are directed to the “Support” tab on the homepage, which will open an array of topics to search from. Customers can also email or call the bank directly.

Account Types

US Bank offers a wide range of account types, including checking and savings options. It should be noted that many of these have a minimum deposit, which can range from $25 to $300, depending on the type of account offered – this is standard given the wider reach of the US Bank and the wider range of account options compared to other, small institutions.

Account Features

US Bank customers can benefit from a range of features to help them better manage their finances, such as mobile banking and online bill pay. The bank also provides an array of budgeting and savings tools – including online calculators – which can help customers make informed decisions about their money.

Of particular note here is the attention paid to overdraft protection – this includes the option to waive overdraft fees, as well as ensuring that your overdraft is protected and that the bank provides advice and assistance to help customers avoid going over their limit.

Reputation

As an established national bank, US Bank has a strong A+ rating with the Better Business Bureau and is accredited by the BBB.

Summary

  • Fees: Competitive fees on all accounts
  • 24/7 customer service: Yes
  • Mobile banking: Yes
  • Online banking: Yes
  • Account types: Checking, savings, CDs, IRAs, and more
  • Interest-earning savings accounts? Yes
  • Special notes: Good overdraft protection options are available
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If you live in Denver, you have many great banking choices

The Denver area is home to a variety of banks, from local institutions such as Alpine Bank to larger national banks like US Bank, ensuring that there is something for everyone.

Customers should still take the time to research the different options available to them and compare fees, interest rates, and features before deciding on their bank of choice. With both excellent customer service and a range of features, customers can be sure that they will find a suitable bank for their needs in the Denver area.

Editor's Note:

At Personal Finance Guru, we want to help you maximize your lifestyle through personal finance. You can trust the integrity of our independent financial advice. Our opinions are our own and have not been provided, reviewed, approved, or endorsed by any advertiser or financial product provider. To support and grow the site, however, we may receive compensation from the issuers of some products.

Meet the author:

John Wayman

John Wayman

Author

John has always been fascinated by money, wealth, and investing. He got a front row seat into how Ultra High Net Worth individuals, families, and entities manage their money while working for years in Goldman Sachs’ Private Bank. 

He learned a great deal about personal finance and wealth management from some of the most experienced professionals in the industry.

Now he enjoys helping all kinds of people grow their wealth and achieve their financial goals.

When he’s not advising clients, Cody enjoys playing golf and spending time with family and friends.