Best Banks in Florida
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Are you a Floridian trying to find a new bank? It's easy with this helpful guide to the best banks in Florida. Read on to learn more.
Bank of America Advantage Banking - $300 Bonus Offer
- The $300 bonus offer is an online only offer and must be opened through the Bank of America promotional page.
- The offer is for new checking customers only.
- Offer expires 01/31/2025.
- To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive Qualifying Direct Deposits* totaling $2,000 or more into that new eligible account within 90 days of account opening. Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer.
- Once all requirements are met, Bank of America will attempt to pay bonus within 60 days.
- Additional terms and conditions apply. See offer page for more details.
- *A Qualifying Direct Deposit is a direct deposit of regular monthly income – such as your salary, pension or Social Security benefits, which are made by your employer or other payer – using account and routing numbers that you provide to them.
- Bank of America, N.A. Member FDIC.
HSBC Premier - Earn Up to $2,500
Start an HSBC Premier relationship today. You'll enjoy premium banking with both local and global benefits and access to wealth solutions offered through HSBC Securities, (USA), Inc*.
You could earn $1,500 or $2,500 if you open a new, eligible HSBC Premier checking account from July 1, 2024 through January 2, 2025, and complete qualifying activities.
- Get a $1,500 Cash Bonus: Add New Money of $100,000 to $249,999 in deposit and/or eligible investment accounts within 20 days of opening your new checking account and maintain the Qualifying Balance for 3 full consecutive months.
- Get a $2,500 Cash Bonus: Add New Money of $250,000+ in deposit and/or eligible investment accounts within 20 days of opening your new checking account and maintain the Qualifying Balance for 3 full consecutive months.
- Cash Bonus will be deposited into your new checking account within 8 weeks of meeting all the offer requirements.
Chase Total Checking® - $300 Bonus
- New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities
- With over 4,700 branches, Chase has the largest branch network in the U.S. plus access to more than 15,000 ATMs.
- Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
- JPMorgan Chase Bank, N.A. Member FDIC
- Open your account online now
- Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
- Chase Overdraft Assist℠ - no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
As a Florida resident, you've got plenty of banks to choose from.
And all the info you need to find the best one for you is right here.
In this guide, get a list of the highest-quality banks in Florida for checking, savings, and more.
High-Yield Savings Premier - 4.46% APY
- No account activity or maintenance fees
- $500 minimum opening deposit
- FDIC insured
Discover® Online Savings - $200 Cash Bonus
To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code CY924 at application, deposit into your Account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200.
What to know: Offer not valid for existing or prior Discover savings customers, including co-branded, or affinity accounts. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of the account qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 03/13/2025, 11:59 PM ET. Offer may be modified or withdrawn without notice. Due to new customer funding limits, you may wish to initiate fund transfers at your other institution. For information on funding your Account, see FAQs on Discover.com/Bank. See advertiser website for full details.
CIT Bank Platinum Savings - 4.55% APY
- 4.55% APY with a balance of $5,000 or more
- 0.25% APY with a balance of less than $5,000
- $100 minimum opening deposit
- No monthly maintenance fee
- Member FDIC
10 Best Banks in Florida
We considered a variety of factors to find the best banks in Florida, including accounts offered, interest rates, and branch accessibility.
Your bank plays a big role in your everyday life, especially when it comes to convenience and customer service. But choosing doesn't have to be an ordeal. Find your ideal bank below.
- Wells Fargo: Best Overall
- Bank of America: Best National Bank
- Chase Bank: Best for Checking
- Regions Bank: Best Regional Bank
- Capital One: Best Free Checking and Savings
- Discover® Bank: Best for Savings
- Suncoast Credit Union: Best Credit Union
- PNC Bank: Best Full-Service Banking
- Ally Bank: Best Online Bank
- Fifth Third Bank: Best Customer Service
Business Checking Account - $400 Bonus
- Earn $400 when you open a new small business checking account and complete qualifying activities.
- Choose between:
- Truist Simple Business Checking—Perfect if you're just starting out or have low transaction volume.
- Truist Dynamic Business Checking—With more perks as your balances grow—and a true, local partnership.
- New business checking clients only
- From October 1st, 2024 – March 31st 2025
Chase Secure Banking℠ - $100 Bonus
- New Chase checking customers enjoy a $100 checking account bonus when you open a Chase Secure Banking℠ account with qualifying transactions. Open online or at any Chase branch.
- Set up direct deposit and you may get your money up to two business days early-exclusively for Chase Secure Banking℠ customers.
- No minimum deposit to open an account and get started plus no overdraft fees with a Chase debit card that helps you stay within your balance.
- No need to worry about overdraft fees - Chase Secure Banking℠ allows you to spend only the money you have available.
- Chase Secure Banking℠ customers told us they save an average of more than $40 per month on fees after opening their account.
- Pay bills, cash checks and send or receive money with Zelle® with a Chase Secure Banking℠ account.
- Bank from anywhere with access to more than 15,000 Chase ATMs, more than 4,700 Chase branches, the Chase Mobile® app and Chase.com.
- JPMorgan Chase Bank, N.A. Member FDIC.
Bank of America® Business Advantage Banking Checking Account - $200 Bonus Offer
- The $200 bonus offer is an online only offer and must be opened through the Bank of America promotional page.
- The offer is for new eligible business checking customers only.
- Offer expires 12/31/2024.
- To qualify, deposit $5,000 or more in New Money* directly into a new eligible Bank of America Business Advantage Banking account within thirty (30) days of account opening.
- Maintain an average balance of $5,000 in that new Business Advantage Banking account during the Maintenance Period**.
- Once all requirements are met, Bank of America will attempt to pay bonus within 60 days.
- Additional terms and conditions apply. See offer page for more details.
- *New Money is new funds deposited into your business checking account that are not transfers from other Bank of America deposit accounts or
Merrill investment accounts.
- ** The Maintenance Period begins thirty-one (31) calendar days after account opening and ends ninety (90) calendar days after account opening.
- Bank of America, N.A. Member FDIC
BMO Smart Advantage Checking Account and BMO Smart Money Checking Account - Earn $300 Cash Bonus*
$300 Cash Bonus* when you have $4,000 in direct deposits within 90 days of opening between 11/1/24 – 2/3/25. *Conditions Apply. Available in the U.S. BMO Bank N.A. Member FDIC
Personal Checking Account - $300 Bonus
Open an eligible Fifth Third checking account. Make direct deposits totaling $2,000 or more within 90 days of account opening to qualify for bonus. The cash bonus will be deposited into your new checking account within 10 business days of completing qualifying activity requirements.
Wells Fargo: Best Overall
Floridians can't go wrong with Wells Fargo, our pick for the top bank in the sunshine state. Outdoing even other major banks like Bank of America and Chase, Wells Fargo has 522 banking locations in the state of Florida. That means you're likely to be able to find a convenient branch just about no matter where you live.
Operating for nearly 100 years, Wells Fargo has the experience to satisfy their customers' needs, and size which means stability and security for managing wealth for both individuals and businesses.
Speaking of businesses, Wells Fargo is a top small business lender, according to reports by the Small Business Administration (SBA), making them a solid choice if you run your own business.[1]
They're also recommended by their commitment to transparency, providing public visibility to the interest rates on their loans, which other banks often do not.
If you're looking to open a bank account, Wells Fargo has a number of excellent options to choose from.
Wells Fargo: Personal Checking Account - $300 Bonus
Open a new qualifying consumer checking account. Receive a total of $1,000 or more in qualifying direct deposits to the new checking account within 90 calendar days from account opening (qualification period). Bonus will be deposited to the account within 30 days after the qualification period. This offer is for new checking account customers only.
Bank of America: Best National Bank
If for some reason Wells Fargo isn't the right fit for you, but you still want to pursue a larger US bank, we recommend Bank of America While it doesn't have quite as many branches in Florida, it still has an impressive number, with 492 branches.
And with thousands of ATMs and financial centers across the country, you can pretty much guarantee that whether you're in your home state or traveling around the country, you'll have convenient, ready access to your finances.
Not that you need to visit a branch to get most things done with Bank of America.
Thanks to a convenient mobile app boasting over 56 million verified users, Bank of America customers can do most of what they need to do on the go, whether it's paying bills, cashing checks, or managing a checking or savings account.
Between their size, their experience, and their dedication to offering quality banking services in the digital age, Bank of America is an outstanding option for residents of Florida and everywhere else.
Bank of America Advantage Banking - $300 Bonus Offer
- The $300 bonus offer is an online only offer and must be opened through the Bank of America promotional page.
- The offer is for new checking customers only.
- Offer expires 01/31/2025.
- To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive Qualifying Direct Deposits* totaling $2,000 or more into that new eligible account within 90 days of account opening. Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer.
- Once all requirements are met, Bank of America will attempt to pay bonus within 60 days.
- Additional terms and conditions apply. See offer page for more details.
- *A Qualifying Direct Deposit is a direct deposit of regular monthly income – such as your salary, pension or Social Security benefits, which are made by your employer or other payer – using account and routing numbers that you provide to them.
- Bank of America, N.A. Member FDIC.
Chase Bank: Best for Checking
If you ever need to bank in-person, you can rest assured that you're probably close to a Chase Bank location. With more than 4,700 branches and 15,000+ Chase ATMs in the U.S., they have 400 branches and roughly 1,600 ATMs in Florida alone.
And thanks to an easy-to-use mobile app, Chase users can do much of their banking online.
Chase's interest rates aren't quite as good as you'd find at an online bank like Ally, but they do frequently offer promotions and generous sign-up bonuses.
Those change regularly, so it's good to check back and stay up to date with what they're offering.
Chase's checking accounts come with the usual features: debit card access, online banking services, automatic transfers and more. If you have a little one, you can also open a Chase First Banking account, an account for families with a debit card for kids that has no overdraft fees for negative balances less than $50.
Chase Total Checking® - $300 Bonus
- New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities
- With over 4,700 branches, Chase has the largest branch network in the U.S. plus access to more than 15,000 ATMs.
- Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
- JPMorgan Chase Bank, N.A. Member FDIC
- Open your account online now
- Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
- Chase Overdraft Assist℠ - no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
Chase Secure Banking℠ - $100 Bonus
- New Chase checking customers enjoy a $100 checking account bonus when you open a Chase Secure Banking℠ account with qualifying transactions. Open online or at any Chase branch.
- Set up direct deposit and you may get your money up to two business days early-exclusively for Chase Secure Banking℠ customers.
- No minimum deposit to open an account and get started plus no overdraft fees with a Chase debit card that helps you stay within your balance.
- No need to worry about overdraft fees - Chase Secure Banking℠ allows you to spend only the money you have available.
- Chase Secure Banking℠ customers told us they save an average of more than $40 per month on fees after opening their account.
- Pay bills, cash checks and send or receive money with Zelle® with a Chase Secure Banking℠ account.
- Bank from anywhere with access to more than 15,000 Chase ATMs, more than 4,700 Chase branches, the Chase Mobile® app and Chase.com.
- JPMorgan Chase Bank, N.A. Member FDIC.
Chase College Checking℠ - $100 Bonus
- Enjoy $100 as a new Chase checking customer when you open a Chase College Checking℠ account and complete 10 qualifying transactions within 60 days of coupon enrollment.
- $0 Monthly Service Fee while in school up to the graduation date provided at account opening (five years maximum) for students 17-24 years old.
- Wire funds internationally using the Chase Mobile® app or chase.com. Send money to recipients around the world with multiple currency options. Fees apply.
- Keep track of your money with confidence and control in the Chase Mobile® app. The Chase Mobile app helps you bank securely and conveniently from anywhere.
- Zelle® is available in more than 1,000 banking apps in the U.S. So, you can send and receive money from almost anyone you know and trust who has a bank account in the U.S.
- With over 4,700 branches, Chase has the largest branch network in the U.S. plus access to more than 15,000 ATMs.
- With Fraud Monitoring, Chase may notify you of unusual debit card purchases and with Zero Liability Protection you won't be held responsible for unauthorized debit card purchases when reported promptly.
- JPMorgan Chase Bank, N.A. Member FDIC
Chase Private Client Checking℠ - Up to $3,000 Bonus
- You're eligible for up to a $3,000 bonus when you open a new Chase Private Client Checking℠ account with qualifying activities.
- Speak with a Private Client Banker to open your Chase Private Client Checking℠ account today. Schedule your meeting at your nearest branch to get started.
- Priority service for everyday banking. Receive personalized attention from a dedicated Chase Private Client Banker and 24/7 access to a U.S. based banking service line.
Earn $1,000 when you deposit $150,000 or earn $2,000 when you deposit $250,000 or earn $3,000 when you deposit $500,000. - No fees at Chase and non-Chase ATMs worldwide.
- No Chase fee on incoming or outgoing wire transfers.
- Enjoy higher limits on Chase Private Client debit card purchases and ATM withdrawals, as well as higher Zelle® and Chase QuickDeposit℠ limits.
- Preferred rates and perks which may make you eligible for a 0.25% auto rate discount and invitation-only events.
- Enhance your Chase relationship with access to a dedicated J.P. Morgan Private Client Advisor who can help create a personalized investment strategy.
- Deposit products provided by JPMorgan Chase Bank, N.A. Member FDIC. Deposit products are FDIC insured up to the maximum amount allowed by law.
J.P. Morgan Wealth Management is a business of JPMorgan Chase & Co., which offers investment products and services through J.P. Morgan Securities LLC (JPMS), a registered broker-dealer and investment adviser, member FINRA and SIPC. Insurance products are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. Certain custody and other services are provided by JPMorgan Chase Bank, N.A. (JPMCB). JPMS, CIA and JPMCB are affiliated companies under the common control of JPMorgan Chase & Co. Products not available in all states.
INVESTMENT AND INSURANCE PRODUCTS: •
Regions Bank: Best Regional Bank
For Floridians looking for service that's a little closer to home, consider Regions Bank, a top regional bank operating in the South, Midwest, and Texas, and headquartered in Birmingham, Alabama.
Though Regions Bank is smaller than some of the biggest names in banking like those mentioned above, they still operate an impressive 354 branches in Florida, with 585 ATMs.
And locations in most of the surrounding states mean that even if you like to travel, you'll have to go quite a ways to find yourself outside their range.
Regions offers every service you could ask for as a banking customer, including personal checking and savings accounts, loans and lines of credit, investments, financial planning, as well as a variety of option for business owners.
Regions Bank: Personal Checking Account - $300 Bonus
Register for the offer and open a new personal LifeGreen Checking account online or in a branch. Make $1,000 or more in qualifying ACH direct deposits that post to your account within 90 days of account opening. Enroll in Online Banking within 90 days of account opening.
Capital One: Best Free Checking and Savings
Capital One is a popular bank you've probably heard of. It's not exclusively online, but it does favor online banking capabilities.
Customers can sign up for free checking and savings accounts that offer nice returns compared to competitors.
The Capital One 360 Checking account has no monthly fee and pays a modest interest amount with a $0 minimum balance—not bad for a checking account.
In addition to their own ATMs, which are fewer and farther between than some other major banks, Capital One customers also have access to the Allpoint and MoneyPass networks. That means access to a total of over 70,000 ATMs.
The Capital One 360 Performance Savings account pays slightly higher interest, still with no minimum. Capital One's rates are less than you'll find at Ally, but in combination with their other services, may prove worthwhile.
Capital One: Personal Savings Account - $1,500 Bonus
Open a new 360 Performance Savings account. Use promo code BONUS1500 at account opening. Deposit at least $100,000 of external funds within 15 days of account opening. Maintain at least $100,000 in the account for 90 days more after the initial 15 days after account opening.
Discover® Bank: Best for Savings
Discover® Bank offers decent rates for their Online Savings account.
The Discover® Bank Online Savings account has no minimum balance. Discover Bank also offers a range of CDs. Rates are comparable with some of the best rates on the market for similar products.
Discover® Online Savings - $200 Cash Bonus
To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code CY924 at application, deposit into your Account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200.
What to know: Offer not valid for existing or prior Discover savings customers, including co-branded, or affinity accounts. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of the account qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 03/13/2025, 11:59 PM ET. Offer may be modified or withdrawn without notice. Due to new customer funding limits, you may wish to initiate fund transfers at your other institution. For information on funding your Account, see FAQs on Discover.com/Bank. See advertiser website for full details.
Discover® Online Savings - $150 Cash Bonus
To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code CY924 at application, deposit into your Account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200.
What to know: Offer not valid for existing or prior Discover savings customers, including co-branded, or affinity accounts. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of the account qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 03/13/2025, 11:59 PM ET. Offer may be modified or withdrawn without notice. Due to new customer funding limits, you may wish to initiate fund transfers at your other institution. For information on funding your Account, see FAQs on Discover.com/Bank. See advertiser website for full details.
Discover® Cashback Checking - Up to $30/Month Cashback
Earn 1% cash back on up to $3,000 in debit card purchases each month, for a total of up to $30 cashback per month. Discover Cashback Debit checking account has no minimum balance requirement, no fees, and free online bill pay. See website for details.
Suncoast Credit Union: Best Credit Union
Suncoast Credit Union is our pick for the top credit union in Florida.
Why choose a credit union over a bank? While credit unions are smaller and may offer fewer features than major banks, they make up for it in low costs, lack of fees, and customer service.
Like most credit unions, membership to Suncoast Credit Union is somewhat restricted. They have branches across western Florida, and membership is available to residents of that region, alumni of Florida College, and family of current members.
The Suncoast Credit Union Smart Checking account is a dividend-earning checking account with no monthly fees and no minimum balance.
Unfortunately, its low costs don't also mean a high interest rate on savings like you'll find at an online-only bank such as Ally. If you're looking for higher returns, you might consider a Suncoast Credit Union CD for 1- to 5-year deposits of $500 or more.[2]
PNC Bank: Best Full-Service Banking
Another solid regional bank for Florida residents to consider is PNC Bank, which offers retail banking services primarily in the eastern half of the United States.
PNC Bank has 184 branches and is approaching 400 ATMs in Florida, giving them a sizable footprint in the state, with approximately 2,300 branches in the US altogether.
PNC customers have access to a range of personal banking services including checking and savings accounts, and their PNC app makes it easy to bank on the go.
Get access to credit cards, borrowing services for homes, cars, and more, as well as options for students and members of the military.
PNC Bank: Virtual Wallet with Performance Select Checking - $400 Bonus
Open a new Virtual Wallet with Performance Select checking account and make qualifying direct deposits totaling $5,000 or more within 60 days of account opening. Bonus will be awarded within 60-90 days of meeting the requirements.
Ally Bank: Best Online Bank
If you live in Florida and love digital banking, Ally Bank is a top choice. As an online-only bank, Ally offers everything from checking and savings accounts to credit cards and loans, all with great rates to help your money grow.
Even without physical branches, you can use over 43,000 fee-free Allpoint ATMs nationwide, making it easy to access your cash. Their online and mobile banking platforms are super user-friendly and packed with handy tools.
Plus, with 24/7 customer service, you can get help whenever you need it, no matter where you are.
Online Savings Account - 3.85% APY
$0 minimum opening deposit. No minimum balance requirement. No fees to open or maintain account.
Money Market - 3.85% APY
- 3.85% APY
- Unlimited deposits and ATM withdrawals, and up to 10 additional transactions
- $10/month rebate for ATMs outside of Ally Network
- $0 minimum opening deposit
- $0 monthly fee
- FDIC insured
- Daily compounding interest
Term CDs
- Up to 4.20% APY
- $0 Minimum Opening Deposit
- Up to 5 years
- No monthly maintenance fee
- FDIC insured
- Daily Compounding Interest
Fifth Third Bank: Best Customer Service
For Florida residents wanting a personal touch in banking, Fifth Third Bank is a great choice. With over 170 locations in the Sunshine State and 1,100+ branches across the Midwest and Southeast, they offer regional service with a local feel.
Fifth Third Bank has a variety of banking products, like checking and savings accounts, CDs, and credit cards. In fact, for a fee-free option for daily use, consider their Fifth Third Momentum Checking.
Plus, Fifth Third Bank is renowned for its friendly and personalized service. According to J.D. Power's 2024 U.S. Retail Banking Satisfaction Study, they were named the top bank for customer satisfaction in Florida.[3] They offer a perfect blend of local convenience and comprehensive banking solutions.
Fifth Third Business Checking Account™
- $0 minimum deposit required to open
- $0 monthly fee
- No minimum balance
- 100 fee-free transactions each month
- $5,000 in cash deposits processed free each month
Personal Checking Account - $300 Bonus
Open an eligible Fifth Third checking account. Make direct deposits totaling $2,000 or more within 90 days of account opening to qualify for bonus. The cash bonus will be deposited into your new checking account within 10 business days of completing qualifying activity requirements.
Fifth Third Momentum® Checking - $300 Bonus
Open an eligible Fifth Third checking account. Make direct deposits totaling $2,000 or more within 90 days of account opening to qualify for bonus. The cash bonus will be deposited into your new checking account within 10 business days of completing qualifying activity requirements.
Types of Banks in Florida
Here's a look at the different types of banks you can find in Florida:
National banks
National banks, overseen by the U.S. Treasury, offer a broad range of financial products including banking services, credit cards, loans, and investments. They often provide easy access to their services with branches and ATMs available in multiple states.
Regional banks
Regional banks serve specific areas, like a state or region. While they have fewer branches than national banks, they offer more personalized service and understand the local community's unique needs.
Online banks
Online banks operate entirely online, so you won't find physical branches. Instead, you can manage everything through their website or mobile app and use ATMs for cash withdrawals.
Since they don't have the overhead of maintaining branches, online banks often offer higher interest rates, no service fees, and lower balance requirements.
Credit unions
Credit unions offer banking services like checking and savings accounts, but their main focus is serving their members rather than making a profit. As member-owned institutions, they often provide better savings rates and lower loan rates.
Keep in mind, though, that they have membership requirements and might offer fewer services compared to traditional banks.
Finding the right bank is a breeze when you compare rates, fees, and services to discover one that delivers excellent value and outstanding customer support. Don't hesitate to give them a call, visit a branch, or dive into their website for all the details. With so many options available, you'll find a bank that perfectly aligns with your personal preferences and financial needs, making your banking experience smooth and enjoyable.
How to Choose the Best Bank in Florida
Just like you're laying down roots in Florida, your money also needs a financial home. Here's what to consider when choosing the right bank:
Accessibility
Convenience is key. Choose a bank with branches close to your home and work, so you have easy access to ATMs and in-person support.
Checking and savings accounts
Pick a bank with the accounts and features you need. For example, some banks' checking accounts may have overdraft assistance or free budgeting tools.
Monthly fees
Some banks (especially traditional banks) charge a monthly fee unless you maintain a certain minimum balance or meet other criteria. This doesn't have to be a dealbreaker, as long as you can easily meet the requirements.
Additional services
Looking for more than banking? Banks usually also offer credit cards, loans, investment tools, and small business products. Look into the bank's other services if you want a one-stop-shop.
How to Open a Bank Account in Florida
Opening an account at a bank or credit union is easier than you might think, and the steps are pretty much the same everywhere. Here's how it usually goes:
- Go to the website or visit a physical branch of your chosen bank.
- Complete the application form for your chosen product. You'll need to provide basic information such as your name, address, SSN, a valid ID, etc.
- Submit your application and fund your account.
Keep in mind, when opening an account with a credit union, you'll need to meet their membership requirements first.
Bottom Line
There are a lot of excellent options for banking in the Sunshine State. For Floridians who aren't interested in visiting a physical branch, even major banks like Bank of America have excellent online banking options.
Customers who want easy access to a local branch may prefer Chase, one of the banks with the most numerous physical locations in the country, or Capital One, which offers a mix of online and physical banking services.
And for West Floridians who prefer a credit union over a traditional bank, Suncoast Credit Union is a fine choice.
References
- ^ U.S. Small Business Administration. 100 most active SBA 7(a) lenders, Retrieved 08/21/2024
- ^ Suncoast Credit Union. CDs and Share Certificates for Florida Residents, Retrieved 08/21/2024
- ^ Fifth Third Bank. J.D. Power Names Fifth Third Bank No. 1 for Retail Banking Experience in Florida, Retrieved 08/21/2024
Jeremy Harshman is a creative assistant at CreditDonkey, a bank comparison and reviews website. Write to Jeremy Harshman at jeremy.harshman@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.
Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.
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