Banking
Consumer Information
How to File a Complaint Against a Financial Institution
Entities Regulated by the Division of Banking
Verify the License of a Financial Institution
How to Calculate Insurance Coverage Limits on Deposits
Entities Regulated by the Division of Banking
The South Dakota Division of Banking regulates not only state chartered banks, but also trust companies, money lenders, mortgage lenders and money transmitters. If you would like to verify that the financial entity you are conducting business with is properly licensed, please view our list of South Dakota state chartered banks (Adobe PDF format).
Who We Regulate
- State Chartered Banks
- State Chartered Trust Companies
- Money Lenders
- Money Transmitters
- Mortgage Lenders
- Mortgage Brokers
- Mortgage Loan Originators
Who We Do Not Regulate
- Federal Chartered Banks and Thrifts
- Credit Unions
Verify the License of a Financial Institution
To verify the company you are researching or doing business with is licensed in the state of South Dakota, click below on the appropriate type of financial service provider.
Non-Residential Mortgage Lenders
Consumer Education Resources
Digital Safety and Financial Literacy Courses
The South Dakota Department of Labor and Regulation (DLR), of which the Division of Banking is a division, and our workforce partners offer instructor-led Digital Safety and Financial Literacy classes and workshops both in-person and virtually at no cost to you. For details on these classes visit Workforce Services Classes and Workshops page.
Other Resources
The Division of Banking is proud to support the ACT Financial Awareness Curriculum at no cost to consumers. Curriculum provides online financial literacy skill development that can be accessed 24/7 from any computer, tablet, or mobile device with an internet connection. Please contact your Job Service office office to obtain login credentials.
The SDSU Extension Office works with consumers across the state of South Dakota to improve their personal finance skills and knowledge. View resources.
How to Calculate Insurance Coverage Limits on Deposits
Deposit insurance is provided by the Federal Deposit Insurance Corporation (FDIC). Limits and rules regarding the calculation and amount of insurable deposits are established by the FDIC. To determine your maximum level of coverage, or if your deposits are fully insured, please refer to the FDIC website.
Additional Consumer Resources
Below are the links to several helpful resources that address a wide range of questions and concerns. These links include consumer resources provided by the South Dakota Division of Banking's federal counterparts in regulation of financial institutions. Additional links are provided for specific resources to help consumers educate themselves in financial products and services. Specific links to file a complaint with some of these agencies are provided in the Consumer Complaint Reference List.
Consumer Financial Protection Bureau
FDIC Consumer Protection Resources
Federal Reserve Consumer Information
Federal Trade Commission Consumer Resources
National Credit Union Association Consumer Resources
Office of the Comptroller of Currency (OCC)
If you cannot find the information you are looking for among the topics listed in the left-hand menu or through one of the options above, please contact us.