Bank7 Review

How does your bank stack up?

  • Financial Rates: 3.5 Star Icon
  • Customer Service: 4.5 Star Icon
  • Website Experience: 5.0 Star Icon
  • Bank Fees: 2.0 Star Icon


  • Personal and business accounts offered
  • Online personal deposit accounts
  • Competitive rates for online accounts
  • Some accounts have low opening amount


  • Accounts have monthly fees
  • CDs and checking have high opening amount
  • Interest rates not listed on the website
  • Online accounts only for new customers

What You Need to Know

Bank7 offers a variety of personal and business accounts. Checking, savings, and money market accounts are available for personal deposit or businesses. They offer business and personal CDs, credit cards, and lending options. These accounts can only be opened in a branch location.

Bank7 offers online personal deposit accounts. These include checking, savings, money market accounts, and CDs. The term length of CDs offered are 24-month and 36-month CDs. Only one online money market and savings account per person can be opened. Customers can open more than one CD and checking account.

The Bank7 online accounts offer competitive interest rates. Those rates are much higher than the Bank7 rates for in branch accounts. To earn the most competitive rate, you must have a set amount in the account. Those accounts range from $100 to $10,000, depending on the account.

Some Bank7 online and in branch accounts have low opening required amounts. The savings accounts and Bank7 checking account only require $100 to open. The Super7 checking requires $1,000. The 6-month, 12-month, and 18-month CD terms also require $1,000 to open.

All Bank7 in branch checking accounts have a $1 monthly fee. This fee is easy to waive. Electronic statements, a direct deposit, or keeping a set balance waives the fee. The online Bank7 accounts have a monthly fee of $15. Waive the online fees by receiving electronic statements and keeping a set balance. That amount is $100 for high rate online savings and $5,000 for the online MMA.

Some CDs and one checking account have a high opening required amount. The 24-month, 36-month, and 48-month CDs require $10,000 to open and earn interest. The Premier7 checking account also requires $10,000 to open. The online money market account requires $5,000 to open.

Specific interest rates for in-branch accounts are not listed on the Bank7 website. To get account rates, call a bank representative. The interest rates for the savings account are tiered. To earn the best interest on the accounts requires a set account balance.

The online accounts at Bank7 offer the most competitive interest rates. These online accounts are only for new customers to Bank7. You can open these accounts online. Everything for the account is online.

Cool Things

Online Education

Bank7 website offers online education. There are a variety of videos to help you learn about financial topics. Some topics include online banking, chip cards, FDIC, and business bill pay. There are videos covering personal and business accounts.


Bank7 is a community bank based in Oklahoma. It started in 1901. The headquarters are currently in Oklahoma City. They serve customers with eight branch locations in Oklahoma, Kansas, and Texas. Bank7 offers in-branch personal accounts as well as business accounts.

Bank7 offers online accounts to anyone in the United States. Those accounts include a savings, checking, and money market account, and CDs. Only one money market and savings account can be opened per social security number. You can open more than one CD or checking account.

Awards and Recognition

  • Ranked #13 of top 100 Performing Community Banks in the U.S.

Giving Back

Employees from Bank7 in Oklahoma City participated in the Walk for Wishes. This event raised money for the Make-a-Wish Foundation in Oklahoma. This event raised around $70,000 for children with terminal illnesses.

Bank7 employees donated their time to volunteer at the food bank in Oklahoma. This is the largest private domestic hunger-relief charity in the state of Oklahoma. They provide enough food to feed more than 126,000 people each week. Of those people 37 percent are children.

Frequently Asked Questions

Is Bank7 FDIC insured?

Yes. Bank7 is FDIC insured. The FDIC is an agency of the United States government that protects funds deposited in banks, up to $250,000 per customer, per bank. The money deposited in FDIC insured banks means money is backed by the full faith and credit of the United States government.

How do I access my money?

By checks, ATM or debit cards, electronic transfers, or bill pay. You can visit your local branch location to access your money.

Does Bank7 offer mobile banking?

Yes. With the mobile app, you can pay bills, see account information, and deposit checks. You can receive alerts with account information.

Is Bank7 free?

Most all Bank7 accounts have a monthly fee. Those fees range from $1 to $15 depending on the account. There are ways to waive the monthly fee. Receiving electronic statements or having a direct deposit into the account waives the fees. Having a set account balance also waives the fees. That amount varies between accounts.

Is Bank7 a good bank?

The online personal accounts offer competitive interest rates. There are a variety of in-branch accounts. They offer business accounts. You cannot open the branch accounts online.

Is Bank7 secure online?

Bank7 offers security measures that comply with federal laws. Their buildings and files are secure. Their computers have safeguards.

Does Bank7 offer competitive interest rates?

The Bank7 online-only accounts offer the most competitive interest rates. These rates are competitive with other online bank accounts. The rates are much higher than typical brick and mortar bank rates.

Can I use Bank7 for my business accounts?

Yes. Open business accounts at a branch location. They offer checking, savings, and money market accounts. CDs, credit cards, and lending options are also offered. The online accounts are personal deposit accounts only.

How is Bank7 online banking different from the online banking my bank offers?

The online accounts offer more competitive interest rates than the other accounts. Everything for your online account is online.

Do Bank7 checking accounts pay interest?

Two of the three Bank7 checking accounts earn interest. These two accounts have high opening required amounts. One requires $1,000 to open, and the other requires $10,000 to open. They do have a $1 monthly fee. Waive that fee by signing up for electronic statements. The online checking account does not earn interest.

How do I reach customer service?

By phone, mail, fax, email, or by visiting a local branch location. You can also follow Bank7 on Twitter.

Does Bank7 offer bill pay?

Yes. The online accounts and accounts opened in branches both offer free bill pay.

Can I deposit cash?

Yes, at local branch locations. The online accounts do not accept cash. Make deposits by electronic transfers, wire transfers, or by mailing in a check.

How long do transfers take?

Specific transfer times are not listed on the website.

Can I sign up for direct deposit to Bank7 accounts?

Yes. Having money deposited into the account is a way to waive the monthly fees.

Bank Contact Information

1039 NW 63rd Street
Oklahoma City, OK 73116

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Sponsored Offers

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American Express
Savings (Rate as of 11/30/2023)
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