The choices of banks in Colorado can seem overwhelming. Colorado commercial banks, Colorado banks offering mortgage and home equity loans, and Colorado banking services for consumers offer myriad accounts, services, and amenities. Finding the bank of Colorado that is just right will take some research, but it is well worth the effort.

What specifics should you look for when banking in Colorado? That will be determined by your own personal or business situation. For instance, if you are a homeowner, you will be most concerned with getting a good home equity loan rate. On the other hand, you may need a commercial bank if you are starting a business. Other customers will be more concerned about their Colorado bank being close to their home or business, offering 24-hour ATMs, or online banking.

When considering Colorado banks, keep these points in mind:

1. Talk to Colorado bank representatives about your specific banking needs.

2. Compare commercial banks in Colorado to see which ones have the services and amenities you most want.

3. Keep track of fees charged by banks in Colorado, and ask whether your bank can lower or eliminate some fees.

Action Steps
The best contacts and resources to help you get it done

Compare Colorado banks

Get a listing of Colorado banks and look at what each has to offer. Things to consider include types of accounts, loan rates, associated fees, proximity to home or business, and ATMs.

I recommend: Check the list of member banks of the Colorado Bankers Association.

Open a business account with Colorado commercial banks

Banking in Colorado has advantages for businesses, as most banks welcome business from new and existing companies. Whether you are the sole employee or part of a large corporation, you will find many commercial banks in Colorado offering just the services you need. Smaller businesses might benefit most from dealing with a small commercial bank, while online account management offered by larger banks will be suitable for accounting departments in larger businesses.

I recommend: Citywide Banks, Compass Bank, and Bellco Credit Union each offer commercial banking in Colorado. Bank representatives will gladly discuss your specific business needs.

Get home equity loan rates from banks in Colorado

A potential home equity loan lender will use your home's appraised value to compute how much money you have available to borrow on a home equity loan. Use the rate comparison to select a bank in Colorado from which to obtain a home equity loan. Home equity loans can be used to consolidate debt, finance home improvement or maintenance projects, or even pay for a vacation.

I recommend: Select "Colorado" on Interest.com to begin your home equity rate comparison of Colorado banking institutions.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Research any Colorado banks you are considering to ensure their security.
• •  Select a bank with the lowest fees associated with the services you need.
• •  Find a Colorado bank offering online bill payment, which will save you time and postage.