Frontier Bank in Sioux Falls, SD

Frontier Bank is a regional FDIC-insured bank serving Iowa and South Dakota communities with a focus on local relationships and accessible banking services. The institution positions itself as a modernized community bank that combines traditional banking with digital convenience, offering both personal and business financial solutions backed by federal deposit insurance. The bank's primary offerings include personal banking products (checking and savings accounts), business services (merchant processing, business loans, cash management), mortgage lending, wealth management and trust services, and credit cards.

05% APY on balances up to $25,000, ATM fee refunds, and no monthly fees. For businesses, Frontier partners with Fiserv for merchant services including Clover point-of-sale systems, payment processing, and business management tools. Frontier Bank differentiates itself through a partnership model (Fiserv for merchant services), localized engagement with business consultants, and convenient digital banking features including mobile banking and video tellers.

Their referral program offers tangible incentives (Sealy humidifier fans) for account openings. The merchant services division emphasizes 24/7/365 support, fraud protection up to $100,000, and next-business-day hardware replacement. As a traditional community bank, Frontier Bank is best suited for customers seeking FDIC-insured deposits and relationship-based banking in Iowa and South Dakota.

The high APY on their checking account is competitive for the current environment, though tied to a $25,000 balance cap. Business customers should note that merchant services are provided through a third-party partner rather than in-house, which may affect customization and pricing control.