Top regional bank: OneWest Bank

OneWest Bank is a regional bank to consider if you live in Southern California. As a division of CIT Bank, OneWest has more than 60 branches available to customers.

The Personal Checking account only requires $25 to open at OneWest Bank. There are a few ways to avoid the $5 monthly fee, such as keeping at least $1,000 in the account, or signing up for eStatements.

You can open a OneWest Bank personal savings account with $100. You’ll need to keep an average monthly balance of $1,000 or follow the bank’s criteria for waiving the monthly service fee. The personal savings also acts like a money market account because limited check writing is optional on this account.

The bank offers a $250 reward for opening an account. You need at least $1,000 of money from outside of OneWest Bank to receive the $250 bonus. The bonus also has a direct deposit requirement of $650 of recurring direct deposits for at least two consecutive months or an average combined monthly balance of at least $10,000 for the first 90 days after you fund the account.