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OneWest Bank Review 2022

Updated December 2, 2022
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At a glance

Rating: 3.8 stars out of 5
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Rating: 4.2 stars out of 5


Rating: 4.8 stars out of 5


Rating: 2.8 stars out of 5


Rating: 2 stars out of 5

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OneWest Bank is a good option for customers in Southern California who want an interest-bearing checking account and a range of CD terms.


  • ATM Fee Refunds


OneWest Bank has more than 60 branches in Southern California and a full lineup of deposit and loan products, and online and mobile banking tools.


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    OneWest Bank offers 24/7 banking through online and mobile banking and an automated telephone system.

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    Checking accounts feature free online bill pay.

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    Opening deposits for all checking accounts are reasonable.


  • You can find higher yields on deposits at other banks.

OneWest Bank bank products

Rating: 2.8 stars out of 5
Bankrate Score

OneWest Bank savings overview

You need only $100 to open either the Personal Savings account or the Green Savings account. Personal Savings, OneWest Bank’s highest APY savings option, requires a balance of $100,000 or more to earn the top yield.

The Green Savings account, which was scored for this review, does not come with an ATM or debit card and check-writing is not available. There is no monthly service charge.


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    Both the Personal Savings and the Green Savings accounts require only $100 to open.

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    The Personal Savings account comes with a check-writing option and an ATM card.

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    The Green Savings account doesn’t have a monthly service charge.


  • There are higher APYs available at other banks.

  • You need a balance of at least $100,000 to earn the highest yield on the Personal Savings and Green Savings accounts.

  • Green Savings does not come with an ATM card, debit card or a check-writing option.

Bank experience

The OneWest Bank mobile app gets excellent reviews from Apple device users and decent reviews from Android device users. Customers also can bank online or via the automated telephone system. OneWest has a live chat feature on its website. The bank allows person-to-person payments using Zelle.

OneWest Bank has more than 60 locations in Southern California. Telephone customer service hours are 7 a.m. to 6 p.m. Pacific time, Monday through Friday, and 7 a.m. to 3 p.m. Pacific time, Saturday.

About OneWest Bank

OneWest Bank is a federally insured bank established in 2009. It has more than 60 branches in Southern California, from San Diego to Ventura County. It offers a full menu of deposit and loan products for consumers and small businesses. Its corporate headquarters is in Pasadena.

OneWest is a division of CIT Bank, whose parent company recently merged with First Citizens BancShares Inc. The deal closed in January 2022.

Review methodology

With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.

We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.