Ameriprise Financial

Broker or investment firm · Minneapolis, United States

The register calls this entity a bank, and that is only partly right. Ameriprise Financial, Inc. is a Minneapolis wealth management, asset management and insurance group founded in 1894, with more than 10,000 advisors, more than 3.5 million clients and more than 1.6 trillion dollars of assets under management, administration and advisement. It reported 197.9 billion dollars of total assets at 30 June 2026. It does own a bank: Ameriprise Bank, FSB is an OCC-chartered federal savings bank with FDIC certificate 58303, two offices, 25.5 billion dollars of assets and 23.9 billion dollars of deposits at 30 June 2026. That bank sells personal checking with no monthly maintenance fee and a 25 dollar minimum opening deposit, savings paying 2.50 to 3.15 percent APY, CDs, Visa Signature credit cards, home equity lending and securities-based lending. Every one of those is a retail product for an existing advisory client: the checking application requires an individual with a US Social Security or taxpayer identification number and a US residential address, the bank does not accept cash deposits, and its published wire option is domestic only. There is no business account, no company onboarding path and no corporate banking of any kind.

Legal name: Ameriprise Financial, Inc.
Regulated by: OCC (Ameriprise Bank, FSB, charter 718164), FDIC (deposit insurance, certificate 58303), FINRA (Ameriprise Financial Services, LLC broker-dealer)
Licence confirmed: yes, on a regulator's own list
Established: 1894
Website: www.ameriprise.com

Scores, 0 to 10

7.0Financial strength & stability

Ameriprise Financial reported 197.9 billion dollars of total assets at 30 June 2026, and Ameriprise Bank, FSB held 25.5 billion dollars of assets and 23.9 billion dollars of FDIC-insured deposits at the same date. · source

3.0Customer satisfaction

Trustpilot rates ameriprise.com 1.4 out of 5 from 58 reviews with 91 percent one star on an unclaimed profile, a small sample; the company's own site quotes clients rating it 4.9 out of 5 for overall satisfaction in its surveys. · source

2.5United States

Ameriprise Bank, FSB is an OCC-chartered federal savings bank with 25.5 billion dollars of assets and two offices, but its checking application requires an individual with a US SSN or TIN and a US residential address, so no US LLC or C-corp can open an account. · source

2.5Lowest fees

Checking and savings carry no monthly maintenance fee and no overdraft fee with 25 and 100 dollar minimum opening deposits, but there is no business account to price at any level. · source

2.5Best interest on business balances

Savings pays 2.50 to 3.15 percent APY by balance tier as of 2 September 2026, but only to individuals; no business deposit rate, money-market sweep or treasury product is published. · source

2.0Fast digital onboarding

The online application takes minutes but admits only an individual aged 18 or over who is a US citizen or resident alien with an SSN or TIN and a US residential address; there is no company application. · source

2.0Startups & VC-backed companies

A startup cannot open an account because the bank admits individuals only; the group's relationship with a founder is advisory, not corporate banking. · source

2.0Bitcoin

The same June 2026 advisor page says Ameriprise does not allow any solicited purchases of securities with crypto exposure, so at most a client could buy a listed bitcoin fund unsolicited through an approved-ETP brokerage account; there is no spot bitcoin. · source

2.0Ethereum

The ban on solicited purchases of crypto-linked securities covers ether funds too, and Ameriprise offers no spot ether or staking, checked September 2026. · source

1.5Crypto-friendly bank

The bank's accounts are open to individual advisory clients only, so a crypto exchange, broker or miner cannot be a customer, and no digital-asset banking policy is published. · source

1.5Cross-border payments, FX and multi-currency accounts

The checking account FAQ names domestic wire transfer as the wire option and lists no international wire or foreign currency account; the products are US dollar only. US dollar personal deposits with domestic wires only, no multi-currency accounts, no pooling and no host-to-host or API connectivity. · source

1.5Fintech companies that need a partner bank

No safeguarding accounts, sponsor banking, BaaS or correspondent services are published anywhere in the Ameriprise Bank product set. · source

1.5Business cards (Visa, Mastercard)

Ameriprise Bank issues Visa Signature credit cards and a checking debit card usable on the Visa and NYCE networks, all to individuals; no business or virtual card programme is published. · source

1.5Foreign-owned & non-resident companies

The checking application requires a US citizen or resident alien with a valid SSN or taxpayer identification number and a US residential address, phone number and email address. · source

1.0Online businesses: e-commerce and SaaS

No merchant acquiring, no collection accounts and no business account; the bank does not even accept cash deposits. No business accounts, no API access, no multi-currency receiving accounts and no revenue-based financing product. · source

1.0Trade, manufacturing & import-export

No letters of credit, guarantees, documentary collections or receivables finance appear in the product set. · source

1.0High-risk verticals (iGaming, cannabis, adult, forex)

Licensed gambling, cannabis, adult and forex operators cannot bank here at all because Ameriprise Bank admits individual clients only. · source

1.0Crypto wallet and custody for a business

An Ameriprise advisor page dated June 2026 states that Ameriprise does not permit direct trading of cryptocurrency, and the firm offers no crypto custody or wallet to any client, checked September 2026. · source

1.0Accept crypto payments

Ameriprise is a wealth manager and savings bank with no merchant or acquiring product, so there is no crypto acceptance, checked September 2026. · source

1.0Stablecoins (USDC, USDT and others)

Ameriprise offers no stablecoin holding, payouts or conversion to any client, checked September 2026. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.