Banking and financial services in Montana: Local bank branches availability. Credit union options. Online banking services. Major national banks presence. State financial regulations. Mortgage rates comparison. Loan and credit options. ATM network coverage. Financial advisor accessibility. Investment planning options.
Local bank branches availability
Montana has 34 state-chartered banks with multiple branches across various cities, including major towns like Helena, Missoula, Bozeman, and Billings, providing widespread local banking services. For more detailed information about these institutions, you can visit the Montana Banking Institutions Website.
Credit union options
In Montana, there are several state-chartered credit unions, including Intrepid Credit Union, Lincoln County Credit Union, and Whitefish Credit Union, among others, offering a range of financial services and products to their members based on specific fields of membership and geographic areas. These credit unions provide services such as deposit accounts, loans, and other financial products, and are distinguished by their not-for-profit, member-owned structure. To learn more about the offerings and specifics of each credit union, you can explore the Montana Credit Unions website, which provides detailed insights into their operational framework and community engagement.
Online banking services
First Montana Bank offers free personal Online Banking, providing users with a secure platform to manage their accounts online efficiently. Customers can view balances in real-time, access detailed transaction information, and seamlessly transfer funds. Additionally, the service enables users to set up account alerts and access their accounts conveniently from mobile devices. To explore more about these services, visit the Online Banking section on their website.
Major national banks presence
Major national banks present in Montana include Chase Bank, U.S. Bank, and Wells Fargo. These banks offer a range of financial services such as checking accounts, loans, and credit cards, along with multiple branches and ATMs across the state. For more details on the best banks in Montana, you can visit the comprehensive guide on BankBonus.
State financial regulations
In Montana, state banks are allowed to engage in activities permitted to national banks, provided they are not prohibited by state law and are approved by the Department of Banking and Financial Institutions, which regulates state-chartered financial institutions to ensure a safe and sound banking system.
Mortgage rates comparison
As of December 14, 2024, mortgage rates in Montana are 6.88% for a 30-year fixed mortgage and 6.25% for a 15-year fixed mortgage, with rates varying slightly depending on the lender and loan type, emphasizing the importance of comparing rates from multiple lenders to find the best offer. For detailed and updated information, check the Bankrate website, which provides comprehensive insights into mortgage trends.
Loan and credit options
First Montana Bank features an extensive array of loan and credit options, such as personal loans, personal lines of credit, conventional home mortgages, affordable housing loans, construction loans, and home equity loans and lines of credit, all designed with competitive rates and adaptable terms to cater to individual needs. Similarly, Bank of Montana is renowned for delivering tailored loan solutions, including personal loans, government-enhanced loans, multifamily financing, aviation financing, and small business loans, all supported by exceptional customer service. Meanwhile, Montana CU enhances borrowing experiences with offerings like personal term loans, personal lines of credit, home mortgage loans, home equity loans, auto loans, and recreational vehicle loans, ensuring benefits such as no application fees, no pre-payment penalties, and competitive rates. BHG Financial specializes in providing substantial loan amounts with extended payment terms, offering both personal and business loans through a simplified application process, affordable monthly installments, and personalized service, with loan amounts ranging from $20,000 to $500,000 for well-qualified borrowers.
ATM network coverage
In Montana, Intrepid Credit Union provides a robust ATM network with over 30,000 surcharge-free locations across the U.S. through its partnership with CO-OP, including ATMs at retail outlets like Walgreens, Costco, and 7-Eleven.
Financial advisor accessibility
In Montana, financial advisors and their representatives must register through the Investment Adviser Registration Depository (IARD), with specific requirements for state and federal registrations, including filing fees and ongoing renewal obligations.
Investment planning options
Inukshuk Investments offers a range of investment planning options, including custom portfolio management, financial planning, and investment supervisory services, all guided by a fiduciary standard to prioritize clients' interests. They provide unbiased, objective financial advice on various topics such as budgeting, retirement planning, and credit and debt management. Similarly, Montana features several firms that offer exceptional investment planning options. Notable among them is D.A. Davidson Companies, which provides a wide range of financial services and advice to individuals and institutions. Another key player is Two Bear Capital, a venture capital firm investing in early-stage companies while offering strategic guidance. Moreover, top financial advisor firms in Montana, like Allied Investment Advisors and Big Sky Wealth Advisors, provide comprehensive wealth management services, including investment planning, estate planning, and retirement planning, with fee structures based on assets under management. Together, these firms illustrate the robust financial advisory landscape available for varied financial planning needs.