Best Banks in Minneapolis, MN

Compare 5 banks companies serving Minneapolis, Minnesota. Average rating: 4.2/5.

5 Companies 5 Rated Payday: Legal

Minnesota Lending Regulations

Minnesota allows payday lending with a $350 cap, tiered fee structure, and a minimum 30-day term requirement. The Department of Commerce regulates all consumer lenders. Consumers benefit from the Minnesota Consumer Fraud Act and can file complaints with the Department of Commerce or Attorney General.

Usury cap: 8% default; payday loans capped at $350 with tiered fees Agency: Minnesota Attorney General Consumer Protection Division

Top-Rated Banks

Ameriprise Bank, FSB logo

Ameriprise Bank, FSB

Ameriprise Bank, FSB is a diversified financial services firm offering financial planning, investment advisory, and banking services through a network of dedicated advisors.

4.3/5
Contact BBB:

Best for: Individuals seeking comprehensive financial planning with dedicated advisor relationships, Investors looking for integrated wealth management and investment advisory services

Luminate Bank logo

Luminate Bank

Luminate Bank is a Minnesota-based bank offering checking, savings, mortgages, business accounts, and credit cards with nationwide lending and digital banking capabilities.

4.2/5
Contact BBB:

Best for: Minnesota-based customers seeking local relationship banking with digital convenience, Mortgage borrowers with VA benefits, jumbo loan needs, or reverse mortgage requirements

Midcountry Bank logo

Midcountry Bank

Unable to verify profile. Website returns 403 Forbidden error, preventing access to company information, services, and details needed for accurate categorization.

4.2/5
Contact BBB:

Best for: Local banking with personal service, FDIC-insured deposits

Northeast Bank logo

Northeast Bank

Northeast Bank is an independent Minnesota community bank founded in 1947, offering personal and business banking services with FDIC insurance and a focus on local relationship banking.

4.2/5
Contact BBB:

Best for: Minnesota-based small business owners and entrepreneurs seeking relationship-based lending and SBA financing options, Personal customers in the Northeast Minneapolis area or Minnesota communities served by Northeast Bank seeking community bank relationships

Union Bank and Trust Company logo

Union Bank and Trust Company

Union Bank & Trust is a union-owned bank specializing in custody and trust services for Taft-Hartley pension plans, institutional clients, and individuals, managing over $12 billion in assets.

4.2/5
Contact BBB:

Best for: Taft-Hartley pension plans and union-affiliated employee benefit programs seeking specialized custody services, Union organizations and labor groups looking for banking that reinvests profits into the union movement

All Banks in Minneapolis (5)

Ameriprise Bank, FSB logo

Ameriprise Bank, FSB

Ameriprise Bank, FSB is a diversified financial services firm offering financial planning, investment advisory, and banking services through a network of dedicated advisors.

4.3/5
Contact BBB:

Best for: Individuals seeking comprehensive financial planning with dedicated advisor relationships, Investors looking for integrated wealth management and investment advisory services

Luminate Bank logo

Luminate Bank

Luminate Bank is a Minnesota-based bank offering checking, savings, mortgages, business accounts, and credit cards with nationwide lending and digital banking capabilities.

4.2/5
Contact BBB:

Best for: Minnesota-based customers seeking local relationship banking with digital convenience, Mortgage borrowers with VA benefits, jumbo loan needs, or reverse mortgage requirements

Midcountry Bank logo

Midcountry Bank

Unable to verify profile. Website returns 403 Forbidden error, preventing access to company information, services, and details needed for accurate categorization.

4.2/5
Contact BBB:

Best for: Local banking with personal service, FDIC-insured deposits

Northeast Bank logo

Northeast Bank

Northeast Bank is an independent Minnesota community bank founded in 1947, offering personal and business banking services with FDIC insurance and a focus on local relationship banking.

4.2/5
Contact BBB:

Best for: Minnesota-based small business owners and entrepreneurs seeking relationship-based lending and SBA financing options, Personal customers in the Northeast Minneapolis area or Minnesota communities served by Northeast Bank seeking community bank relationships

Union Bank and Trust Company logo

Union Bank and Trust Company

Union Bank & Trust is a union-owned bank specializing in custody and trust services for Taft-Hartley pension plans, institutional clients, and individuals, managing over $12 billion in assets.

4.2/5
Contact BBB:

Best for: Taft-Hartley pension plans and union-affiliated employee benefit programs seeking specialized custody services, Union organizations and labor groups looking for banking that reinvests profits into the union movement