Banking and financial services in Idaho: Local banks and credit unions availability. Online banking options. Popular national bank branches. Account opening requirements. Banking fees and charges. Local financial advisors. Mortgage and loan options. Mobile payment systems. Currency exchange services. ATM access and network.
Local banks and credit unions availability
Idaho has a robust network of credit unions, with notable institutions like Idaho Central Credit Union, Potlatch No1 Credit Union, and CapEd Federal Credit Union, among others, offering a wide range of financial services including auto loans, checking accounts, credit cards, and mortgage loans, serving hundreds of thousands of members across the state. To explore more about the top credit unions in the area, visit the website for comprehensive information and guidance.
Online banking options
Online banking in Idaho, as offered by Idaho Trust Bank, provides an array of convenient services designed to meet the needs of its customers. With features such as online bill pay, mobile banking with mobile deposit, access to eStatements, fund transfers, loan payments, and money sending via Zelle, Idaho Trust Bank delivers a comprehensive digital banking experience. All these services are available 24/7 through a secure and easy-to-use platform, ensuring that banking is seamless and efficient for every user.
Popular national bank branches
The largest national banks in Idaho by the number of branches include U.S. Bank, Wells Fargo Bank, D.L. Evans Bank, Zions Bank, Umpqua Bank, First Interstate Bank, and WaFd Bank. Each of these banks provides a wide range of banking and financial services across various cities in Idaho. For more detailed information, you can visit the list of Top Banks in Idaho to explore their offerings and locations throughout the state.
Account opening requirements
To open an account at Idaho Central Credit Union, you need to have a photo ID, Social Security Number, and provide two years of employment and address history. Additionally, a deposit is required, which typically includes $25 for a savings account, $100 or $50 for a checking account, along with a one-time membership fee of $5. For more detailed information on the process, you might want to visit the Idaho Central Credit Union website to ensure that you have everything in place for your new account application.
Banking fees and charges
Banking fees in Idaho, as outlined by Farmers Bank, encompass a range of charges including wire transfers, where customers are charged $25, while non-customers face a $40 fee and foreign transactions incur a $50 charge. Additionally, fees for overdrafts and non-sufficient funds are set at $30 each, alongside stop payment fees of $30. The bank also details specific charges for various additional services such as check printing, account research, and statement reprints, highlighting the comprehensive nature of service-specific fees.
Local financial advisors
This website lists verified, fee-only, and fiduciary financial advisors in Idaho, including specialists in Comprehensive Financial Planning, Retirement Income Planning, Investment Management, and Tax Planning, serving clients in Boise, Meridian, and other areas across the state. Discover the extensive resources and professional expertise available at the Fee Only Network, designed to assist individuals in making informed financial decisions to secure their economic future.
Mortgage and loan options
In Idaho, mortgage and loan options are diverse, catering to various financial needs and backgrounds. Options include conventional mortgages that require a minimum 3% down payment and a 620 credit score, FHA loans with a 3.5% down payment and a 580 credit score, VA loans with no down payment for qualifying veterans, and USDA loans. Furthermore, Idaho Housing provides invaluable support through low-interest-rate loans, down payment assistance, and tax credits for qualifying buyers, making homeownership more accessible for many Idaho residents.
Mobile payment systems
In Idaho, mobile payment systems such as Apple Pay, Google Pay, and Samsung Pay allow users to make convenient, secure, and speedy payments using their mobile devices, with features including easy card addition, verification steps, and widespread acceptance at millions of retailers worldwide. For more details, visit the Mobile Payment Systems page to explore the array of services available.
Currency exchange services
In Idaho, particularly in Idaho Falls, currency exchange services can be accessed through banks like D.L. Evans Bank, physical currency exchange stores, or online platforms such as Wise. These services often require ID for compliance, and rates can vary between in-store and online exchanges, with online orders typically offering better rates.
ATM access and network
In Idaho, Idaho Central Credit Union offers extensive ATM access through its own network and the CO-OP ATM Network, providing members with 24/7 services. These services include cash withdrawals, account balances, and transfers with no additional fees for members utilizing CO-OP ATMs, making it a convenient and cost-effective choice for managing personal finances.