Minnwest Bank

Bank · Redwood Falls, United States · overall 5.3 / 10

How this 5.3 is built

Average of 6 scored needs: 5.3. Regulation in United States: 87/100 (World Bank governance indicators). Licence confirmed by a regulator's own list. 2 scores backed by filings or its own pages.

Minnwest Bank is recorded in the global register as a bank in Redwood Falls, United States. The register shows its licence as licensed. Total assets 2.94 bn USD at 2026-06-30. It reports 36 offices. Established 1941. Collected from open registers.

On its own website: “Minnwest Bank provides financial services such as checking, online banking, savings, loans, cash management and more in Minnesota and South Dakota.”

Legal name: Minnwest Bank
Licence confirmed: yes, on a regulator's own list
Established: 1941
LEI: 549300WYC8C6REMY4E38
Website: www.minnwestbank.com/

Scores, 0 to 10

7.5Financial strength & stability

· source

6.0United States

Licensed and operating in its home country per the register entry; the depth of its offer here has not been checked yet. · source

5.5Cross-border payments, FX and multi-currency accounts

Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source

5.0Best interest on business balances

Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source

5.0Trade, manufacturing & import-export

Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source

4.5Fast digital onboarding

Holds a banking licence, so it can hold deposits and run payments; the actual terms have not been checked yet. · source

4.0Lowest fees

The bank's own page names the monthly account charge. Transfer and card prices were not read on that page, so this score speaks only for the monthly charge. It reads: “Waived by eligible direct deposit See all Features Enhanced Cashback Checking Open Now Up to $20 cashback per month $5/month direct deposit 1% cashback on eligible debit” · 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.