When people talk about their new BMW, they are most likely bragging about a sleek, pricey car. But nowadays they could just as well be talking about a bank account.

In a move that would be unexceptional in Europe but was somewhat curious here, the high-end German automaker opened a bank in the United States in March. BMW Bank of North America is based in Salt Lake City and offers a range of deposit accounts, card products, insurance, and — not surprisingly — vehicle financing.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.