When choosing the right bank for your needs, you should consider customer service, branch availability, and financial education. Read on to learn about the top banking options available in Florida.
Best Banks In Florida
Best Banks In Florida
The best banks in Florida offer a variety of banking products and services, attractive interest rates, little to no bank fees, and modern tools to help you manage your accounts. The top banks also provide convenient access across the state through their ATM and branch networks.
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National and Local Banks
Some national banks have a wide presence in the state, while others focus on specific areas. If you live, work or go to school in the area where you open a checking account, working with a local bank might be more appropriate.
If you have a large amount of money and don’t mind the higher rate of fees, using a credit union might be a good choice. They are typically smaller and can offer more perks for members.
Some online banks don’t have branches, but they may offer better rates for savings accounts than other options. Some online banks are even FDIC insured, which means that if they close your account, the federal government will reimburse you up to $250,000 in lost deposits.
Another great option for savers is the Ally online savings account, which offers a 0.50% APY and compounds interest daily. This account doesn’t have a minimum balance requirement or fees, and it allows you to use their phone line or live chat service.
Fifth Third Bank is a national bank that offers multiple types of checking accounts, including a low-fee one for military members and a student account. It also has a great mobile app, which features mobile check deposits, ATM/branch finder, and Zelle person-to-person direct deposit. This bank is known for its excellent customer service, and it has a strong reputation in Florida.
When it comes to banking in Florida, there are plenty of options. The state is home to national banks and local credit unions.
Wells Fargo Bank #1
If you’re looking for a national bank, Wells Fargo is one of the best options. It has 608 branches across Florida and 1,128 ATMs, allowing for easy access to your money no matter where you are in the state.
The bank offers several checking accounts, ranging from basic to premium interest-bearing options. Additionally, it has a checkless account called Clear Access Banking(sm) that is free for primary account holders ages 13 to 24.
In addition, it has a couple of savings accounts: Way2Save and Platinum Savings. These are both goal-based accounts that don’t really pay high rates, so if you’re looking for a higher yield, it’s better to look at a CD account instead.
Wells Fargo also offers a number of insurance products for customers. This includes life, auto and home insurance. In addition, it also provides business insurance.
|Address||1090 Florida A1A, Satellite Beach, FL 32937, United States|
|Departments||Wells Fargo ATM|
Truist Bank #2
Truist Bank is the result of a merger between BB&T and SunTrust banks in 2019. The company has over 2,100 branches in 17 states, as well as 3,000 ATMs. The bank offers a variety of banking services, including checking and savings accounts, investment services, insurance and credit cards. It also has a mobile app and online banking.
Its certificates of deposit (CDs) feature one term of 12 months with an opening balance requirement of $1,000, according to the bank’s CD account overview guide. Other terms are available, but investors must visit a branch for more information.
In addition to its certificates of deposit, Truist has one money market account that pays 0.01% APY and offers check-writing privileges. It has a $12 monthly maintenance fee, but this can be avoided by maintaining a $1,000 minimum daily balance.
Although Truist is a new financial institution, it has a solid online platform that allows users to monitor their accounts and pay bills. It also offers a free business checking account. However, Truist’s savings rates are low and its overdraft protection isn’t very comprehensive. Its customer service is also a little lacking.
|Address||255 S Orange Ave Ste 112, Ste 112. Orlando, FL, 32801-3457|
Bank of America #3
Bank of America is one of the largest national banks in the country, with a strong presence in Florida. Its services include checking and savings accounts, mortgages, credit cards and investment products.
The company has a corporate mission to help make financial lives better by connecting people and communities to the resources they need. This mission is backed by a strong focus on social, environmental and governance (ESG) activities.
They also provide employees with excellent benefits that support their health and wellness needs. Some of the perks that employees enjoy are fitness classes, health coaching, and access to the bank’s gym.
Another great perk of working at Bank of America is the medical and dental coverage. These are designed to help you and your family stay healthy by covering the costs of medical visits, prescriptions, specialist help, and other supplemental medical care.
This Bank of America employee benefit package is easy to understand and will save you money in the long run. They offer an excellent 401(k) plan that covers a percentage of your retirement expenses and provides additional funds for college tuition. They also offer a wide variety of life and disability insurance plans.
|Address||1974 Palm Beach Lakes Blvd, West Palm Beach, FL 33409, United States|
Chase Bank #4
Chase Bank is one of the largest national banks in the country, and it offers a variety of banking products. It also has thousands of branches and ATMs across the country.
Its checking accounts come with a monthly service fee, which you can avoid by meeting certain requirements each month. There are also a few interest-bearing checking options, but their rates are low compared to the national average.
The most popular account is Chase Total Checking, which offers a $200 bonus if you maintain an average beginning day balance of $1,500 or more and have monthly direct deposits totaling $500 or more each month. It comes with a debit card, mobile banking and online bill pay.
While Chase does not offer impressive rates on savings or CDs, it is a good option for those who want to use a national bank that operates thousands of local branches and ATMs. It also has a strong reputation for customer service and has an excellent mobile app.
|Located in||Lake Miriam Square|
|Address||4820 Florida Ave S, Lakeland, FL 33813, United States|
Regions Bank #5
Regions Bank is a major bank with thousands of ATMs and offices in 15 Southern and Midwestern states. It offers a variety of bank accounts, including a checking account that offers no interest for low-balance customers.
The bank also offers a range of savings and money market accounts, including one that earns APY. These accounts come with a variety of perks, including a 1% annual savings bonus with LifeGreen and Now Savings and enrollment in the bank’s Relationship Rewards program.
These accounts offer the same benefits as checking accounts, including access to online/mobile banking, a Regions Visa CheckCard, overdraft protection and no Regions ATM fee on two non-Regions Bank ATM withdrawals per month. You may also be eligible for relationship rates on CDs, discount rates on qualifying installment loans and a 30% safe deposit box discount.
Regions Bank also offers secured and unsecured personal loans. Secured personal loans require a high credit score and typically have a higher rate than unsecured ones, but the loan funds may be available faster. Unsecured personal loans require a lower credit score and can be more widely available.
|Address||4535 Florida Ave S, Lakeland, FL 33813, United States|
PNC Bank #6
PNC Bank offers a wide variety of banking services and accounts. Its online banking tools and mobile apps are easy to use and provide a number of features that are useful for budgeting and managing your finances.
Virtual Wallet, the bank’s full-service offering, lets you see and manage your checking and savings accounts in one place. The bank also offers different account tiers, which let you grow with your financial goals.
It has more than 2,600 branch locations and a large network of fee-free ATMs. You can bank at any of its locations or online, including through the Virtual Wallet app. The bank has a wide range of deposit and lending products, including savings, checking and credit cards.
Its mortgage and auto loan programs offer a variety of options, including home equity lines of credit, refinancing and auto loans. PNC Bank’s virtual wallet makes it easy to manage your checking and savings accounts in one place, with budgeting and financial management tools.
You can set up money goals and view a calendar of upcoming bill payments and paydays. You can also track your spending using the bank’s color-coded alerts and a “Money Bar” that displays how much you have set aside for bills and what is left over / free to spend.
|Address||112 S Pebble Beach Blvd, Sun City Center, FL 33573, United States|
TD Bank #7
TD Bank is a major national bank with plenty of branches and ATMs throughout the country. It offers competitive products and services, and it has a strong emphasis on customer satisfaction and convenience.
Whether you’re looking for a checking account, savings account, or credit card, TD Bank has something for you. You can even get a free TD Bank debit card when you open a new checking account. For more than 100 years, TD Bank has served customers and communities with financial guidance and services.
They follow a set of values that guide their operations and investments, including service, integrity, respect, accountability, and diversity. TD Bank offers several types of saving accounts, including money market accounts, CDs, and interest-earning checking accounts.
These accounts offer varying interest rates and are easy to access via online and mobile banking. They also feature overdraft protection, which can be used in conjunction with a linked savings account to avoid overdraft fees.
|Located in||Mission Bay Plaza|
|Address||20435 FL-7 #441, Boca Raton, FL 33498, United States|
Fifth Third Bank #8
Fifth Third Bank offers multiple checking and savings accounts, a money market account and CDs. It also has a large network of fee-free ATMs. It is also an FDIC-insured bank. This means that the money in your accounts is protected up to $250,000.
However, Fifth Third Bank’s overdraft protection transfers fees are high. This includes $37 per transaction, up to five times a day. You can avoid overdraft fees by linking a checking account to a savings account.
In addition, the bank’s Extra Time feature gives you until midnight Eastern time to deposit enough funds to bring your account to zero. The bank has over 1,000 branches in 11 states and serves customers with online and mobile banking. You can open a Fifth Third Bank account in about 5 minutes by filling out an online application.
The most important factor when choosing a bank is whether you can trust it with your personal information. Fifth Third Bank is an FDIC-insured bank and has a stellar reputation for customer service.
|Address||2324 Sand Lake Rd, Orlando, FL 32809, United States|
FAQs about Banks In Florida
What is the most common bank in Florida?
As an AI language model, I don’t have access to the current statistics or data about the most common bank in Florida. However, according to the FDIC’s Summary of Deposits, as of June 30, 2020, the largest bank in Florida by deposits was Wells Fargo Bank, followed by JPMorgan Chase Bank and Bank of America. Please note that this information may have changed since then.
Who controls banks in Florida?
Banks in Florida are primarily regulated and supervised by the Florida Office of Financial Regulation (OFR), which operates under the Florida Department of Financial Services. The OFR oversees state-chartered banks and credit unions, while federally chartered banks are regulated by the Office of the Comptroller of the Currency (OCC) or the Federal Reserve System.