Enterprise Bank & Trust Review 2024
- Overall Bank Rating
- Pros and Cons
- Savings
- Checking
- CDs
- Money Market Account
- About Enterprise Bank & Trust
- How Enterprise Bank & Trust Compares
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The bottom line: You might find Enterprise Bank & Trust appealing if you value a bank closely tied to local communities. It's available in Arizona, California, Kansas, Missouri, Nevada, and New Mexico. Most accounts have low or no minimum opening deposits. But the best high-yield savings accounts pay significantly better rates.
Enterprise Bank & Trust: Overall Rating
| Feature | Insider rating (out of 5) |
| Savings | 3.75 |
| Checking | 4 |
| CD | 3.75 |
| Money market | 3.5 |
| Trustworthiness | 5 |
| Total | 4 |
Enterprise Bank & Trust: Pros and Cons
| Pros | Cons |
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Enterprise Bank & Trust Savings Account Rates
Enterprise Bank & Trust Personal Savings Account Start saving Enterprise Bank & Trust, FDIC Insured.
Insider’s Rating A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Fees$5 monthly service fee
Annual Percentage Yield (APY)0.05% (vary by location)
Minimum Opening Deposit$0
Pros- Check mark icon A check mark. It indicates a confirmation of your intended interaction. No minimum opening deposit
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Possible to waive the monthly service fee
- con icon Two crossed lines that form an 'X'. Low interest rate
- con icon Two crossed lines that form an 'X'. $5 monthly service fee
- con icon Two crossed lines that form an 'X'. Must keep at least $100 in account to earn interest
You might find Enterprise Bank & Trust appealing if you value a bank closely tied to local communities. It's available in Arizona, California, Kansas, Missouri, Nevada, and New Mexico. Most accounts have low or no minimum opening deposits.
Enterprise Bank & Trust Product Details- 41 branches in Arizona, California, Kansas, Missouri, Nevada, and New Mexico
- Access to over 55,000 fee-free ATMs through the Enterprise Bank & Trust ATM network and Allpoint ATM network
- To waive the $5 monthly service fee, keep at least $300 in your account daily
- To earn interest, you must keep at least $100 in your account
- Interest compounded daily, deposited quarterly
- Member FDIC
The Enterprise Bank & Trust Personal Savings Account might be ideal if you're able to maintain at least $300 in your account daily to waive the monthly service fee. However, it pays a very low interest rate.
Enterprise Bank & Trust Checking Account Overview
Enterprise Bank & Trust Personal Checking Account Start banking Enterprise Bank & Trust, FDIC Insured. Insider’s Rating A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Feesno monthly service fee
Annual Percentage Yield (APY)None
Minimum Opening Deposit$0
Pros- Check mark icon A check mark. It indicates a confirmation of your intended interaction. No minimum opening deposit
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. No monthly service fees
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. No out-of-network ATM fees
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Overdraft protection available
- con icon Two crossed lines that form an 'X'. $30 overdraft fee
- con icon Two crossed lines that form an 'X'. $7.50 overdraft transfer fee
- con icon Two crossed lines that form an 'X'. No reimbursements if you're charged by an out-of-network ATM
You might find Enterprise Bank & Trust appealing if you value a bank closely tied to local communities. It's available in Arizona, California, Kansas, Missouri, Nevada, and New Mexico. Most accounts have low or no minimum opening deposits.
Enterprise Bank & Trust Product Details- 41 branches in Arizona, California, Kansas, Missouri, Nevada, and New Mexico
- Access to over 55,000 fee-free ATMs through the Enterprise Bank & Trust ATM network and Allpoint ATM network
- Overdraft protection allows you to link to another bank account
- Member FDIC
The Enterprise Bank & Trust Personal Checking Account is a solid checking account with no minimum opening deposit and no monthly service fee. The bank won't charge you ATM fees, but it also won't reimburse you for any fees charged by an out-of-network ATM.
Enterprise Bank & Trust CD Rates
Enterprise Bank & Trust CD Start saving Enterprise Bank & Trust, FDIC Insured. Insider’s Rating A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Annual Percentage Yield (APY)0.25% to 0.90% (vary by location)
Minimum Opening Deposit$500
Pros- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Good interest rate compared to brick-and-mortar banks
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. $500 minimum opening deposit
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Variety of short-term CDs
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Standard early withdrawal penalties
- con icon Two crossed lines that form an 'X'. No terms over 4 years
- con icon Two crossed lines that form an 'X'. Online banks offer higher interest rates
You might find Enterprise Bank & Trust appealing if you value a bank closely tied to local communities. It's available in Arizona, California, Kansas, Missouri, Nevada, and New Mexico. Most accounts have low or no minimum opening deposits.
Enterprise Bank & Trust Product Details- 41 branches in Arizona, California, Kansas, Missouri, Nevada, and New Mexico
- Access to over 55,000 fee-free ATMs through the Enterprise Bank & Trust ATM network and Allpoint ATM network
- Terms range from 30 days to 4 years
- Early withdrawal penalties: Early withdrawal penalty depends on the amount deposited and term; contact your nearest branch for more information on specific terms
- Interest compounded daily, deposited quarterly
- Member FDIC
You might want to consider an Enterprise Bank & Trust CD if you don't have a lot of money for an initial deposit. You only need $500 to open a CD, which is pretty low compared to other brick-and-mortar banks.
Enterprise Bank & Trust Money Market Account Rates
Enterprise Bank & Trust Personal Money Market Account Start banking Enterprise Bank & Trust, FDIC Insured. Insider’s Rating A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Fees$10 monthly service fee
Annual Percentage Yield (APY)4.87% to 5.11% (vary by location)
Minimum Opening Deposit$0
Pros- Check mark icon A check mark. It indicates a confirmation of your intended interaction. No minimum opening deposit
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Check writing included
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Possible to waive monthly service fee
- con icon Two crossed lines that form an 'X'. Low interest rate
- con icon Two crossed lines that form an 'X'. $10 monthly service fee
- con icon Two crossed lines that form an 'X'. No debit card
You might find Enterprise Bank & Trust appealing if you value a bank closely tied to local communities. It's available in Arizona, California, Kansas, Missouri, Nevada, and New Mexico. Most accounts have low or no minimum opening deposits.
Enterprise Bank & Trust Personal Money Market Account Product Details- Earn 4.87% on account balance under $50,000
- Earn 5.11% on account balance of $50,000 or more
- 41 branches in Arizona, California, Kansas, Missouri, Nevada, and New Mexico
- Access to over 55,000 fee-free ATMs through the Enterprise Bank & Trust ATM network and Allpoint ATM network
- To waive $10 monthly service fee, keep at least $1,000 in your account daily
- Interest compounded daily, deposited monthly
- Member FDIC
The Enterprise Bank & Trust Personal Money Market Account requires a minimum balance of $1,000 to earn interest and waive the $10 monthly service fee. If you don't think you can meet this requirement, you may want to look at our best money market accounts guide for fee-free account options.
About Enterprise Bank & Trust
Enterprise Bank & Trust has 41 branches in Arizona, California, Kansas, Missouri, Nevada, and New Mexico. It also has loan offices in Arizona, California, Colorado, Illinois, Indiana, Massachusetts, Michigan, Nevada, Ohio, Oregon, Texas, Utah, and Washington.
Customers have access to over 55,000 fee-free ATMs through the Allpoint ATM network.
Customer service is available over the phone from 8 a.m. to 7 p.m. CT on weekdays and Saturdays from 9 a.m. to 1 p.m. CT.
The bank's mobile app received 4 out of 5 stars in the Google Play store and 4.1 out of 5 stars in the Apple store.
Enterprise Bank & Trust is FDIC insured, so up to $250,000 is federally insured in an individual bank account.
Is Enterprise Bank & Trust Trustworthy?
The Better Business Bureau rates banks according to how they resolve customer issues.
The BBB gave Enterprise Bank & Trust an A+ rating. However, a good BBB rating won't necessarily guarantee a smooth relationship with a bank. Chat with current customers or read online customer reviews, too.
Enterprise Bank & Trust hasn't been involved in any recent public controversies.
How Enterprise Bank & Trust Compares
Enterprise Bank & Trust vs. U.S. Bank
U.S. Bank is available in the same states as Enterprise Bank & Trust, plus many more. It's the better option if you want a larger branch network. U.S. Bank also has customer service available 24/7 over the phone.
But Enterprise Bank & Trust is the better choice if you're looking for a bank tied to its local communities. It also has a free checking account and pays higher rates on most accounts than U.S. Bank.
Enterprise Bank & Trust vs. Chase Bank
Chase Bank has branches in 48 US states, so it's great if you want a national branch network. But Enterprise is better for a local banking experience.
There are several Chase checking accounts, so you may find one that best suits your needs. But they all charge a monthly fee (unless you qualify to waive it), whereas Enterprise has a free checking account. Enterprise also pays higher rates for the most part.
Sophia Acevedo Banking Editor Sophia Acevedo is a banking editor at Business Insider. She has spent three years as a personal finance journalist and is an expert across numerous banking topics.ExperienceSophia leads Personal Finance Insider's banking coverage, including reviews, guides, reference articles, and news. She edits and updates articles about banks, checking and savings accounts, CD rates, and budgeting and saving. She is highly knowledgeable about long-term trends in rates and offers at banks across the U.S.Before joining Business Insider, Sophia worked as a journalist at her college newspaper and was a freelance writer. She has spent seven years writing and editing as a journalist.Sophia was nominated for an Axel Springer Award for Change in 2023 for her coverage of ABLE accounts, tax-free savings accounts for people with disabilities. She was also a winner of a 2018 California Journalism Awards Campus Contest for her photography.She loves helping people find the best solutions for their unique needs and hopes that more people will find the tools to solve their financial problems. She’s inspired by stories of everyday people adapting to their financial circumstances and overcoming their fears around money.ExpertiseSophia's expertise includes:- Bank accounts
- Savings and CD rate trends
- Budgeting
- Saving
- How banks operate
Evelyn He Compliance and Operations Associate Evelyn He is a Compliance and Operations Associate on the Personal Finance team to ensure content accuracy and editorial independence so readers get up-to-date and objective financial advice.The compliance team's mission is to provide readers with fact-checked and current stories so they can make informed financial decisions. The team also works to minimize risk for partners by ensuring language is clear, precise, and fully compliant with regulatory and partner marketing guidelines that align with the editorial team. Read more Read less Top Offers From Our Partners 
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