A recent study shows that, as of 2020, over 40% of adults worry about meeting their daily expenses. You’re not alone if you worry about your expenses and are looking for a new bank to help you manage your money.
Our list of the best banks in Oklahoma includes several banks that not only offer financial services and products but education, too. These banks cater to your financial needs and offer personalized service for a positive experience.
Oklahoma might be known for its cowboy culture. But you don’t have to be a lone ranger when it comes to your finances.
Are you ready to learn more about the best banks in Oklahoma? Let’s get started!
12 Best Banks in Oklahoma
Did you know the first Girl Scout cookie was sold in Muskogee, Oklahoma, in 1917? The best banks in Oklahoma below have also made some of their own history.
1. First Citizens Bank
First Citizens Bank is headquartered in North Carolina and has a widespread presence. It operates approximately 500 branches, including two locations in Oklahoma.
You can open three checking accounts with First Citizens Bank. The Free Checking account has no monthly fees or minimum balance requirements. While this account includes overdraft protection, it does not earn interest.
Free checking account
First Citizens Checking Account
Experience hassle-free banking with our free checking account. No fees, no minimum balance requirement, and the convenience of 24/7 digital banking, bill pay, and mobile deposits. Enroll in paperless statements to avoid the monthly fee. Make your life easier with better banking.
In addition to checking accounts, First Citizens Bank offers online savings accounts with a minimum deposit requirement of $50.
However, the bank’s savings accounts are associated with a low APY. The bank also provides CDs, money market accounts, loans, mortgages, investment solutions, and retirement accounts.
Free checking account
2. Arvest Bank
Arvest Bank presents a reliable option for individuals seeking the best checking accounts and a comprehensive range of financial services. This bank offers standard savings accounts with a $2 monthly fee.
You can waive the monthly fee if you maintain a $100 minimum balance. You can also link your savings account to maximize your interest earnings.
Arvest Bank’s Free Blue™ Checking account is a standout option for individuals seeking the best checking accounts. This account provides unlimited check writing, a debit card for convenient transactions, up to $400 in overdraft protection, and no monthly fee.
In addition to savings and checking accounts, Arvest Bank offers CDs, credit cards, financial planning services, and insurance products. While the bank has fewer locations in western Oklahoma, it boasts a network of 75 branches overall and a user-friendly mobile app.
BancFirst, recognized as one of the largest banks in Oklahoma, boasts an extensive network of 100 local branches. The bank offers a range of financial services catering to the needs of its customers.
BancFirst’s savings account has a higher APY than many other banks. You must make a $100 minimum deposit to open this account.
In addition, the bank offers low to no monthly fees on their savings accounts. With the BancFirst Savings account, customers can waive the monthly fee by maintaining a minimum balance of $100.
The bank also provides a free checking account, wealth management, personal loans, and business accounts. For those looking to grow their savings, BancFirst offers a high-yield savings account.
BancFirst understands the importance of flexibility and offers a unique program called “skip a loan payment.” For a one-time fee of $50, plus interest, customers can defer one loan payment without impacting their credit.
4. City National Bank and Trust
City National Bank and Trust is a reputable financial institution with 40 branches. This bank is headquartered in Lawton and offers a diverse range of services similar to the best national banks.
City National Bank and Trust provides various lending solutions, including property, boat, and RV loans. The bank also offers specialized account options for students and military personnel.
City National Bank and Trust’s personal checking account is a basic banking option. However, you should note that there is a $3.95 monthly fee if the account balance falls below $75.
This bank provides Visa debit cards, online and mobile banking services, and overdraft protection for qualified customers. With locations within Walmart stores across Oklahoma, City National Bank and Trust is convenient and accessible. You can also visit drive-thru locations in Lawton, Tulsa, and Oklahoma City.
5. F&M Bank
F&M Bank, headquartered in Edmond, is a long-standing, Native American-owned financial institution. The Anderson family proudly owns the bank, adding a personal touch to its operations.
With eight branches, F&M Bank serves its community with various financial services. It has a rich history and is one of the longest-running banks in its region.
This bank offers competitive rates on savings accounts and CDs. F&M Bank also specializes in real estate loans.
F&M Bank stands out with its high-interest checking account called BonuSelect Checking. This account offers attractive interest rates.
Recognizing the unique financial needs of businesses in the region, F&M Bank provides specialized business loans tailored for ranching, farming, and manufacturing enterprises. These loans support the growth and development of local businesses.
6. First National Bank of Oklahoma
The First National Bank of Oklahoma is a local financial institution with four conveniently located branches. This bank offers various checking account options to suit different customer needs.
One such option is the NOW account, which requires a set opening deposit and has a monthly fee of $7.50. However, the bank waives this fee if the account balance is maintained at $1,000 or more.
In addition, the NOW account provides a variable interest rate on balances exceeding $500. First National Bank of Oklahoma offers a traditional savings account for savings needs.
This account incurs a quarterly fee of $3 if the balance falls below $100. Balances over $10 qualify for quarterly interest payments.
First National Bank of Oklahoma goes beyond basic accounts and offers various lending services, including home and auto loans. They prioritize accessibility by providing a network of 100 ATMs throughout the state.
7. Gateway First Bank
Gateway First Bank, with its headquarters in Jenks, is a community bank that has grown significantly since its establishment in 2000. It was initially founded as a direct mortgage lender and has since expanded its services.
In 2019, Gateway First Bank merged with a small community bank, paving the way for its growth and increased presence. Gateway First Bank offers a range of financial products and services, including checking accounts, savings accounts, CDs, and various loan options.
With a strong emphasis on online banking, Gateway First Bank stands out as an excellent option. You can also visit its six locations to bank in person.
8. MidFirst Bank
MidFirst Bank, headquartered in Oklahoma City (OKC), is a reputable financial institution with 45 branches. It offers a comprehensive range of personal and business banking services.
As a Federal Deposit Insurance Corporation (FDIC) member, MidFirst Bank ensures the security of its customers’ deposits, up to $250,000. MidFirst Bank provides various checking and savings account options for personal banking.
You can choose from five different checking accounts, with the Live Free Checking account standing out for its customizable debit card and no monthly fees. The account requires a minimum deposit of $100 to open.
In addition, the bank offers three savings account options, including the Performance Savings account. This account requires a minimum deposit of $100.
However, if the account balance falls below $250, MidFirst Bank charges a $4 monthly fee.
MidFirst Bank extends its services to businesses and nonprofits through its small business and commercial banking division. It also offers lending solutions, including commercial lending, mortgages, individual retirement accounts, CDs, and money market accounts.
MidFirst Bank has a unique program called Company Club membership to support businesses and nonprofits further. This program reduces banking costs for eligible organizations.
9. Oklahoma Fidelity Bank
Oklahoma Fidelity Bank is a trusted financial institution with four branches. This bank offers various banking services, including three types of checking accounts.
The Free Checking option requires a minimum opening deposit of $25. With Free Checking, customers receive a Visa debit card for convenient transactions.
The bank also offers online and mobile banking services. Regarding savings accounts, Oklahoma Fidelity Bank offers three different options.
The Statement Savings account stands out, requiring a minimum opening deposit of $100 and providing a decent APY. You must maintain a $300 minimum balance to avoid a $4 monthly fee.
In addition to checking and savings accounts, Oklahoma Fidelity Bank provides various other financial products. These include CDs, money market accounts, HSAs, personal loans, home loans, and comprehensive business banking solutions.
Oklahoma Fidelity Bank strives to provide one of the best banking apps for customers who value the convenience of mobile banking. Their user-friendly mobile app enables users to manage their accounts, make transfers, and access various banking services.
10. RCB Bank
RCB Bank is a financial institution that offers a range of banking services. This bank is headquartered in Oklahoma.
You must make a $100 minimum deposit to open an account. One of the standout features of RCB Bank is its high APY for its checking account.
However, you must meet certain requirements to qualify for this high APY. You must make at least 10 monthly debit card purchases, have at least one automatic withdrawal or deposit, and opt into eStatements.
For example, the “My Interest Checking” account offers a high APY only on balances below $15,000. If the account balance exceeds this threshold, the APY decreases significantly.
RCB Bank provides $10 in ATM fee reimbursements along with the potential for increased interest earnings. RCB Bank also offers college savings plans, retirement accounts, mortgages, and access to wealth advisors.
11. The Bank of Oklahoma
Commonly known as BOK Financial outside of Oklahoma, The Bank of Oklahoma is a prominent banking institution that operates in eight states. Headquartered in the Sooner State, it boasts a network of 50 branches.
This bank offers various traditional banking services, including standard savings accounts, money market accounts, checking accounts, and CDs. Customers can expect decent interest rates on their deposits, making it an appealing choice for those looking to grow their savings.
While The Bank of Oklahoma offers a variety of account options, some accounts may require high minimum balances to avoid fees. However, the minimum deposit to open an account is relatively low at $50.
In addition to basic banking services, The Bank of Oklahoma provides a comprehensive suite of financial products and services. These include loans for various purposes, such as home mortgages, auto loans, and personal loans.
The Bank of Oklahoma also offers wealth management services. You can also find specialized services for businesses.
12. TTCU Federal Credit Union
TTCU Federal Credit Union is a renowned financial institution that offers various banking services. They provide a specialized checking account called “Fresh Start Checking,” designed to help customers improve their financial standing.
After maintaining good account behavior for a year, individuals can upgrade to a standard checking account. Fresh Start Checking requires a minimum opening deposit of $25 and does not impose a minimum balance requirement.
With Fresh Start Checking, users enjoy unlimited check writing and benefit from overdraft protection of up to $200. However, the account has a monthly fee of $10.
TTCU Federal Credit Union emphasizes convenience through its online and mobile banking services. It also has multiple locations across Oklahoma, including:
- Broken Arrow
While TTCU Federal Credit Union may not be able to offer the best bank account bonuses, it does provide several critical financial products and services for its members. Check out TTCU Federal Credit Union to see if you’re eligible for membership.
You can have as many bank accounts in Oklahoma as you want. Some people find it best to have only a checking and savings account, while others prefer several accounts to take advantage of bank promotions and welcome bonuses.
Arvest Bank, BancFirst, and Bank of Oklahoma offer free checking accounts. You can also use credit union promotions to earn a welcome bonus or other perks.
There are over 250 banks operating in Oklahoma. Our list includes a dozen of the best banks in the Sooner State.
Banking in Oklahoma is A-OK
The oil and gas industry isn’t the only thing booming in Oklahoma. With superior banks and credit unions, Oklahoma offers some of the nation’s best financial products and services.
We hope this article helps you find an Oklahoma bank you can partner with to put more money into your account. The best banks offer plenty of ways to manage your money and learn how to be financially literate.
The good news is that you have more options when it comes to banking. If you don’t choose a local bank, you can also look into national and online-only banks.
With so many options, there’s no right or wrong answer. It’s all about what you can do with your chosen bank account.
Which of the best banks in Oklahoma is your favorite?