Intro – HomeStreet Bank Reviews & Ranking
HomeStreet Bank was recently ranked and reviewed by AdvisoryHQ as a top rated banking firm. Firms on our top rated lists were selected after they successfully passed AdvisoryHQ's groundbreaking, four-step banks and credit unions selection methodology.
Click here for a step-by-step breakdown of the methodology and selection process used during our HomeStreet Bank review: AdvisoryHQ’s Methodology for Selecting Top Banks and Credit Unions.
The HomeStreet Bank review below provides a detailed assessment, including some of the factors used by AdvisoryHQ News in its ranking and selection of HomeStreet Bank.
HomeStreet Bank Review
HomeStreet Bank was founded in 1921, and, today, it is one of the largest community banks headquartered in Washington.
It was initially started as Continental Mortgage and Loan Company, becoming a full-service financial institution in 1986. In 2000, HomeStreet started offering business banking and lending.
Currently, HomeStreet offers a full lineup of commercial and private banking products as well as investment and insurance services. With $6.2 billion in assets, there are locations throughout Washington, California, Utah, Idaho, and Hawaii.
Photo courtesy of: HomeStreet Bank
Key Factors Leading Us to Rank This Firm as One of This Year’s Top Banking Firms
Upon completing our detailed reviews, HomeStreet Bank was included in AdvisoryHQ’s ranking of this year’s best banking firms based on the following factors.
HomeStreet Bank Review: Private Bank
Part of the services offered by HomeStreet are Private Banking. Private Banking is designed for those clients who have accumulated assets and have more complex financial requirements.
The Private Bank aims to operate as a bank within a bank, and the professionals who work with clients are highly experienced and understand how to address comprehensive and complex needs.
A wealth management team is put together based on the unique requirements of the client, and it will work with other specialists, including attorneys and accountants.
HomeStreet Bank Review: Premium Select Checking
Premium Select Checking is an account for customers interested in a competitive interest rate, and those individuals with higher balances have the opportunity to earn the highest possible rates.
This interest-earning checking account has no monthly service charge if a $2,500 daily balance is maintained, and the minimum to open this account is only $100.
As with other HomeStreet checking accounts, customers have free ATM usage at 23,000 HomeStreet, MoneyPass, and Bank of Hawaii ATMs. There are unlimited ATM fee refunds at any ATM in the U.S., and the account includes a free Visa Debit card and free starter checks.
HomeStreet Bank Review: Hassle-Free Switch
HomeStreet completely simplifies the process of how customers move their banking and accounts to its institution.
Rather than having to deal with complex switch kits and multiple documents, this Washington bank has a system set up that allows all recurring payments and direct deposits to be moved to a new HomeStreet account with the click of a mouse.
Participants are simply given a switch track code, and everything is completely simplified. The work is done for new customers of this top ranking bank.
In addition to reviewing the above HomeStreet Bank review, you can click on any of the links below to browse exclusive reviews of AdvisoryHQ’s top rated banking firms:
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