Bank of the West is a subsidiary of the BancWest Corporation that also owns the First Hawaiian Bank. BancWest Corporation is owned by BNP Paribas, which is a European leader in banking and financial services. It is a member of FDIC.
Bank of the West is an amazing 130 years old and started its journey in California. Today, it serves customers in 19 Western and Midwestern states. It is a financial services company with about $61 billion in assets, with more than 700 retail and commercial banking locations. Their business model revolves around providing services as quickly, consistently and as close to the customer as possible.
Bank of the West provides a variety of checking accounts to cater to different needs. All these accounts come with unlimited check writing, free online banking and bill pay, free CheckScan online service and a free debit card. The Free Checking is a completely free to join checking account. The First Choice checking account requires no minimum balance. The Personal Checking requires $1000 minimum daily balance. The Checking Plus Interest is a high yield checking account that needs $1500 minimum daily balance to avoid charges. Finally, the 55 Plus Checking is an account meant only for people aged 55 years or older and there is no minimum balance requirement on this.
Their savings accounts are many and are meant for both short-term as well as long-term goals. The Free Savings is an interest bearing account and needs $5 to open when the account is linked to a checking account and when not linked, it is $100.
Bank of the West offers high yield money market accounts; the Money Market Advantage which can be opened with $1000 and the Money Market Plus with $10000. Higher balances pay top money market rates. Interest is compounded daily and paid monthly. All these accounts come with unlimited withdrawals and deposits along with the best bank interest rates. At Bank of the West, they understand that every home financing requirement is unique. Towards this end, they have home mortgage consultants that help find the right loan for each individual or business. All it takes is an online application to get the loan process going. The various mortgages include power pre-approved mortgage, adjustable rate mortgage, conventional mortgage, low and moderate income solutions, FHA/VA mortgages and residential construction. All of them come with competitive bank interest rates.
Each individual has a vision for retirement, a vision that can be fulfilled at the Bank of the West retirement division. Customers’ plans are put into action here and tax advantages offered. Competitive bank interest rates, safety and more options are the highlights of the retirement plans at Bank of the West. The various IRAs are, the Money Market IRA, Add-On IRA, Flexible Term IRA and Premium Money Market IRA, with the Premium Money Market IRA providing the best bank interest rates. The opening deposit for all the accounts is $100 with the terms ranging anywhere between 12 months to 60 months, depending the IRA chosen.
The Bank of the West Debit Card allows purchases directly from the checking account. Online card purchases can also be made and are very secure. Their credit cards include Platinum Credit Card with Priority Rewards and the Classic Credit Card. When used for travel, these cards come with insurance privileges along with several other benefits.
Their small business banking also offers several products such as business checking accounts, which include Basic Business Checking, Regular Business Checking, Business Value Package Checking, Business Interest Checking and Analyzed Business Checking. All these accounts are meant for all types of businesses, with low account activity to higher levels of activity.
Business savings accounts provide a safe harbor with competitive bank interest rates. Business Savings offers full liquidity and can be linked to a checking account to waive of the monthly fee. The Business Money Market Advantage and Business Money Market Plus offers best money market with higher balances earning the best bank interest rates.
This bank has several other services and products to cater to businesses, including insurance and loan products.
Bank of the West believes in serving the customers to the best of their ability and have introduced numerous products and services that can be viewed in detail on their website.
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