Best Banks in Oklahoma: A Comprehensive Guide to Your Top 6 Choices

Oklahoma is known for its proud, protracted agrarian tradition. Hence, ranching and farming are practices that dominate large parts of the rural communities here.

Similarly, gasoline and oil extraction has become more and more important to these areas. In fact, these industries dominate two of the largest cities in the area, Oklahoma Metropolis and Tulsa.

The combination of these historic communities and industries has paved the way for one of the nation’s most state-level banking cultures. Hence, when it comes to banking in the state, you have tons of options to choose from.

Whether you’re looking for something on a name basis or even something bigger, then you can find all this and more with the help of this guide.

There are a number of large monetary institutions that are transforming the state into an all-encompassing area.

With this in mind, in this guide, we have outlined all the best banks in Oklahoma for you to choose from.

Let’s get going.

4. BancFirst

One of the largest banks in Oklahoma is BancFirst. In fact, they have more than 100 local branches in the state – that is more than any other bank. They cruise into our #4 spot in our best banks in Oklahoma list.

For those that live near a local branch, you may be considering opening up a savings account. This is for good reason, too, as the APY is much higher here than in most other banks. Likewise, when it comes to MMAs these can be seen as higher in some instances, too.

One of the best things about BancFirst is the fact that it doesn’t require any fees. If there are fees, these are either extremely minimal or you can waive them.

For instance, if you’re opening up a BancFirst Savings account, you’ll need to pay a monthly fee. However, this can be waived by maintaining a balance of $100 in your account.

This in combination with the free checking account and the high APYs and you have all your basic banked requirements accounted for.

With BancFirst, you can also receive multiple types of insurance, business accounts, and loans, too.

5. RCB Bank

When it comes to selecting the best account from RCB Bank, this would be the Interest Checking account which provides clients with a small APY.

However, there is a catch. Only accounts containing less than $15,000 are considered for this APY. All the rest earn a tiny APY.

After opening an account – which requires a $100 deposit – each month you have to make at least 10 deposits, perform at least one automatic withdrawal, or deposit and elect when it comes to receiving electronic statements.

Therefore, if you don’t use credit cards regularly, then this may not be the account for you. That said, it would be worth making at least 10 monthly purchases since it helps to increase your APY, too.

Likewise, you’re also provided with $10 ATM fee reimbursements for each reward cycle.

6. Arvest Bank

If you’re looking to open a standard savings account, then look no further than Arvest Bank – providing customers with low monthly fees.

Unlike some other banks, the fee is only $2 and can easily be waived by maintaining a balance of $100.

Moreover, if you couple your account using a free checking account, then your rate could be increased slightly.

For instance, this is prominent in the Free Blue Checking account that enables customers with a debit card, unlimited check writing, and a $400 overdraft protection, without requiring any monthly fees.

If you’re looking to invest in different ways, then Arvest Bank provides you with CDs containing competitive rates. That said, just make sure to ask your local branch about current CDs since representatives here will have the highest rates.

Despite Arvest Bank being local to Oklahoma, it contains more services than the other local banks here. Likewise, banks provide plenty of financial planning, credit cards, and insurance products.

In the U.S Retail Banking Satisfaction Study, conducted by J.D. Power, Arvest Bank attested as one of the best banks when it comes to consumer satisfaction ratings across the country.

Here, various factors are taken into consideration, including the frequency of branches in the area, the bank’s ability to handle complaints, the products available, and any fees.