Paynes Gulch Falls is the first of the three more significant seasonal waterfalls that can be found along the east shore of Banks Lake within Grand Coulee. The falls are visible alongside Highway 155 as it descends a long hill to the floor of the valley. Unfortunately, as with all the other streams flowing onto Banks Lake, Paynes Gulch is heavily seasonal and while it may recieve some water during the agricultural season, it relies heavily on rain and snowmelt, so it remains dry for most of the year.
- Paynes Gulch Falls is the Unofficial name of this waterfall.
Paynes Gulch Falls is found about haflways between Coulee City and Electric City along Highway 155 adjacent to Banks Lake. Watch for a bridge over a dry wash at the bottom of the hill 7 miles south of the main entrance to Steamboat Rock State Park. A dirt road leads from the highway to the base of the falls for easy up-close foot access.