Ameriprise Bank, FSB in Minneapolis, MN
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
Feature Checklist
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
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
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
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