Bank of the West named to MONEY's Best Banks 2013 list
Prestigious annual ranking features Bank of the West in "Best Midsize Bank" category
"Check-in to Donate" Foursquare campaign launched supporting DonorsChoose.org
SAN FRANCISCO, Nov. 19, 2013 /PRNewswire/ -- Bank of the West has been named a "Best Bank" by MONEY® Magazine, November 2013. The survey calls out the Bank's "above-average yields," and "standout accounts," including accounts with no charge for using non-Bank of the West ATMs and opportunities to waive certain checking account fees. Bank of the West was among the top four midsize banks in the country, according to the annual ranking published in MONEY Magazine, November 2013.
"As a relationship-driven bank, we're honored to be named a 'Best Bank' by MONEY Magazine," said Maura Markus, president and chief operating officer at Bank of the West. "We strive to offer our customers the very best products and services available in the marketplace. It's wonderful to receive positive recognition from MONEY, which is a well-respected and trusted source on a far-reaching range of personal finance topics."
While Bank of the West offers a wide range of account choices for customers, MONEY recognized its Easy Checking account – offering unlimited access to award-winning customer service, unlimited use of Bank of the West ATMs, Online Banking with Bill Pay and much more – as well as cited the following as Bank of the West's "standout accounts":
Premier Relationship Checking
- Monthly service charge: $30
- Average monthly balance to waive service charge: $15,000, or $25,000 across all accounts with the same ownership
- No charge for using non-Bank of the West ATMs, plus reimbursement up to $15 per month for fees charged by other banks for using non-Bank of the West ATMs
- Higher interest rates available for higher balances
Choice Money Market Savings
- Monthly service charge: $15
- Average monthly balance to waive service charge: $5,000 or $75 monthly Auto-Save transfer
- Relationship interest rates available
In celebration of the recognition, Bank of the West will launch a Check-in to Donate Foursquare campaign supporting DonorsChoose.org, a 501(c)(3) tax-exempt organization that funds public school projects nationwide. For every Foursquare check-in received at one of Bank of the West's more than 600 retail branches between November 20 and December 15, the bank will donate $1 to DonorsChoose.org, with a maximum contribution of $10,000. At the end of the promotional period, Bank of the West will work with DonorsChoose.org to identify and fund qualifying public school projects within the bank's 19-state footprint.
"You don't get to be one of the best on your own. We've talked to our customers and they've told us they want easier, more transparent ways to conduct their banking needs, and that's what we aim to provide. We would like to thank our customers and our 10,000 employees for making Bank of the West one of the best banks in America," stated Markus.
MONEY's Selection Process
MONEY reviewed the 40 biggest retail banks by consumer deposits and number of branches, in addition to biggest online banks and credit firms. The magazine said, "the top consideration for checking picks was maintenance fees and ease of waiving them, followed by other charges, restrictions and perks. For savings and CDs, MONEY weighted rates first, followed by fees, minimums, and other rules." MONEY is a registered trademark of Time Inc. and is used with permission. MONEY and Time, Inc. are not affiliated with, and do not endorse products or services of Bank of the West.
About Bank of the West
Founded in 1874, $65 billion-asset Bank of the West (www.bankofthewest.com), member FDIC and equal housing lender, offers a wide range of personal, commercial, wealth management and international banking services. The bank operates more than 600 retail and commercial banking locations in 19 Western and Midwestern states. Bank of the West is a subsidiary of BNP Paribas, which has a presence in 80 countries with nearly 200,000 employees.
SOURCE Bank of the West