Headquartered in Fargo, N.D., Gate City Bank has a deep history dating back to 1923. It has since grown to include over 40 brick-and-mortar locations across North Dakota and Minnesota, offering an arsenal of financial products ranging from checking accounts, to home loans to IRAs.
Gate City Bankâ€™s products are generally only available to consumers living in either North Dakota or Minnesota, so if you live in either of those states, this bank is certainly worth exploring. Over the years, the bank has won an array of awards and currently boasts an impressive $2.6 billion in assets. While Gate City Bank offers a wide-range of financial products and services, this review focuses on its deposit accounts, including its personal and business checking, savings, CD and IRA offerings.
In many ways, Gate City Bankâ€™s deposit product offerings are not anything out of the ordinary for a community bank â€” most of the accounts feature low fees yet minimal rates, with access to online and mobile banking.
However, Gate City Bank truly shines because it offers unlimited, worldwide ATM fee refunds on all of its checking and savings accounts. This is a rare and valuable product perk, and should not be overlooked â€” the bank claims to have saved its customers over $38 million in ATM fees since it rolled out the benefit in 2006.
If you live in North Dakota or Minnesota and are looking for a local bank with a large brick-and-mortar presence, Gate City Bank could be a good bet.
Any fees mentioned in the article are accurate as of the date of publishing.