Ameriprise Bank, FSB logo

Ameriprise Bank, FSB in Minneapolis, MN

4.3/5

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

Data compiled from public sources · Rating from CreditDoc methodology

Ameriprise Bank, FSB Review

Ameriprise Financial has operated for 132 years as a established player in the financial services industry. The company positions itself as a leader in personalized financial planning and advice, connecting consumers with dedicated financial advisors backed by institutional research and stability. The firm has received recognition as one of TIME's America's Most Iconic Companies in 2026 and maintains top industry ratings for its advisory services and workplace culture.

Ameriprise Bank, FSB offers financial planning services, investment advisory, retirement planning, and secure online account access through its digital platform. Clients can work with financial advisors for personalized guidance on retirement planning, investment strategies, and broader financial goals. com and a dedicated mobile app, allowing customers to view accounts, store documents, and communicate with advisors.

The company differentiates itself through its Investment Research Group, which provides ongoing market analysis and guidance to advisors and clients. Ameriprise emphasizes trust, stability, and personalized service with advisor qualifications available through FINRA's BrokerCheck. The firm offers complimentary initial consultations and positions itself as an alternative for those dissatisfied with current financial advisors.

Its 132-year history and institutional credibility serve as key marketing differentiators. However, the website content focuses primarily on wealth management and financial planning services for established investors rather than retail banking products. Limited information is available about basic banking services, deposit products, fees, or lending options that would typically define a consumer bank.

The company appears positioned for clients seeking advisory relationships rather than transactional banking needs.

Services & Features

Client-advisor communication through secure platform
Complimentary initial consultations
Financial document storage and organization tools
Investment advisory and portfolio management
Market insights and investment research through Investment Research Group
Mobile app for account access and advisor communication
Personal financial planning and advisory services
Retirement Profiles quiz for retirement goal identification
Retirement planning and retirement goal assessment
Secure online account access and management

Feature Checklist

Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection

Pros & Cons

Pros

  • 132 years of institutional history, strength, and stability in financial services
  • Investment Research Group provides dedicated market analysis and guidance to clients
  • Top industry ratings and recognition as one of TIME's America's Most Iconic Companies
  • Complimentary initial consultations available with financial advisors
  • Secure online platform with multi-factor authentication and Online Security Guarantee
  • Advisor credentials and background information verifiable through FINRA's BrokerCheck
  • Recognized as a top workplace with nationally recognized, top-tiered advisors

Cons

  • Website lacks transparency about specific banking products, deposit types, and associated fees
  • No information provided about minimum account balances, interest rates on savings/CDs, or loan terms
  • Marketing heavily emphasizes advisory services; unclear what basic banking services are actually available
  • Limited details on how Ameriprise Bank, FSB differentiates from parent company Ameriprise Financial services
  • No pricing information or fee schedules disclosed for advisory or banking services on website

Rating Breakdown

Value
5.0
Effectiveness
3.7
Customer Service
4.1
Transparency
4.1
Ease of Use
4.5

Frequently Asked Questions

Is Ameriprise Bank, FSB legitimate?

Yes. Ameriprise Bank, FSB is a registered company, headquartered in Minneapolis, MN, founded in 2006.

How long does Ameriprise Bank, FSB take to show results?

Account opening typically takes 1-3 business days. Loan decisions vary by product.

Quick Facts

Founded
2006
Headquarters
Minneapolis, MN
BBB Accredited
No
Certifications
FDIC Insured FDIC Cert #58303
Starting Price
Contact provider
Setup Fee
None
Money-Back Guarantee
No
Visit Ameriprise Bank, FSB

CreditDoc Diagnosis

Doctor's Verdict on Ameriprise Bank, FSB

Ameriprise Bank, FSB is best suited for investors and individuals seeking dedicated financial planning and advisory relationships rather than customers primarily needing transactional banking services. The website provides limited information about core banking products and services, focusing instead on wealth management and advisory capabilities, so consumers should clarify what specific banking products are available before opening accounts.

CFPB Transparency Report

Public data from the Consumer Financial Protection Bureau

Issues Resolved
100%
Timely Responses
100%

Source: consumerfinance.gov | Last checked 2026-03-24

Best For

  • Individuals seeking comprehensive financial planning with dedicated advisor relationships
  • Investors looking for integrated wealth management and investment advisory services
  • High-net-worth clients seeking personalized retirement and financial strategy guidance
Updated 2026-04-29

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