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.
BMO Smart Advantage Checking - $250 Cash Bonus
Open a new BMO Smart Advantage Checking account and get a $250 cash bonus when you have a cumulative total of $4,000 in qualifying direct deposits within 90 days of account opening. Offer is limited to one per customer and is not available for existing BMO personal checking customers (including signers on joint accounts) or those who have closed a BMO personal checking account within the past 12 months. Conditions apply.
Bank of America Advantage Banking - $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 checking customers only.
- Offer expires 5/31/2024.
- To qualify, open a 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 account within 90 days of opening.
- Bank of America will attempt to pay bonus within 60 days.
- Additional terms and conditions apply. See offer page for more details.
- Bank of America, N.A. Member FDIC.
Enhanced Direct Deposit - Earn $300 Cash Bonus
- Open a new eligible Citi Checking account with Enhanced Direct Deposits
- Deposit at least two Enhanced Direct Deposits directly into your new checking account within 90 calendar days from account opening.
- Your total combined Enhanced Direct Deposit must equal $1,500 or more.
- Earn a $300 cash bonus. Your cash bonus will be deposited to your open, eligible checking account within 30 calendar days after required activities have been completed.
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 - 5.36% APY
- No account activity or maintenance fees
- $500 minimum opening deposit
- FDIC insured
CIT Bank Platinum Savings - 5.05% APY
- 5.05% 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
UFB Secure Savings - Earn up to 5.25% APY
- Earn up to 5.25% APY*
- No monthly maintenance fees
- No minimum deposit required to open an account
- Access your funds 24/7 with easy-to-use digital banking tools
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.
Chase Total Checking® - $300 Bonus
- New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities
- Access to more than 15,000 Chase ATMs and more than 4,700 branches
- 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*
BMO Smart Money Checking - $250 Cash Bonus
Open a new BMO Smart Money Checking account and get a $250 cash bonus when you have a cumulative total of $4,000 in qualifying direct deposits within 90 days of account opening. Offer is limited to one per customer and is not available for existing BMO personal checking customers (including signers on joint accounts) or those who have closed a BMO personal checking account within the past 12 months. Conditions apply.
TD Beyond Checking - $300 Cash Bonus
- New customers who apply online for a TD Beyond Checking account can earn a $300 cash bonus after receiving direct deposits of $2,500 or more within 60 days. To qualify for this offer, you must be a U.S. resident and apply for the offer online. Offer is available in these states: CT, DC, DE, FL, MD, ME, MA, NC, NH, NJ, NY, PA, RI, SC, VT, VA
- Three ways to go monthly maintenance fee-free: Monthly Maintenance fee waived when you set up direct deposits of $5,000 or more within a statement cycle, maintain a $2,500 minimum daily balance, or have a $25,000 combined balance across eligible TD accounts.
- ATM perks: TD fees waived at any ATM and non-TD fees reimbursed when you keep at least a $2,500 daily balance
- A little extra time. A lot of extra relief: Avoid fees with Grace Period, which gives you until 11 PM ET the next business day to fix an overdraft. Make sure your available balance is at least $0 by depositing enough to cover the overdrawn balance plus any additional transactions and TD will refund the overdraft fee to your checking account.
- Fast and secure payments: TD Bank debit cards are backed by the Zero Liability guarantee and 24/7 fraud monitoring
- Convenient locations with the longest hours around: We have over 1,100 locations from Maine to Florida that's open early, late, and weekends.
- Get reimbursed for fees including two overdraft fees per year, all Rush Bill Payments, and one outgoing wire per statement cycle (domestic or international).
- Additional TD Bank checking account perks worth talking about: Get 24/7 access to all your TD accounts with Online & Mobile Banking, plus Bill Pay, Send Money with Zelle®, Mobile Deposit and Online Statements.
Bank of America Business Advantage Checking Account - $200 Bonus Offer
- Open a new eligible business checking account by June 30, 2024
- Make Qualifying Deposits* of $5,000 or more in new money within 30 days of opening the new eligible business checking account
- Maintain an average balance of $5,000 for the next 60 days (day 31-90) during the maintenance period**
**The maintenance period begins thirty-one (31) days after account opening and ends ninety (90) calendar days after account opening.
Member FDIC
Personal Checking Account - $325 Bonus
Open an eligible Fifth Third checking account. Make direct deposits totaling $500 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 that 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 - $2,500 Bonus
Open a new Premier Checking account or upgrade your existing checking account to a Premier Checking account. Use promo code at account opening. Offer code can be obtained by providing your email address. Deposit $250,000 or more to qualifying linked accounts within 45 days of account opening or upgrade. Maintain a balance of $250,000 or more in the qualifying linked accounts for at least 90 days after account opening or upgrade.
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 open at time of writing.
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 - $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 checking customers only.
- Offer expires 5/31/2024.
- To qualify, open a 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 account within 90 days of opening.
- Bank of America will attempt to pay bonus within 60 days.
- Additional terms and conditions apply. See offer page for more details.
- 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 more than 15,000 ATM 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
- Access to more than 15,000 Chase ATMs and more than 4,700 branches
- 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.
- Track your credit score, get a personalized action plan provided by Experian™ to help improve your score and receive identity monitoring for free through Chase Credit Journey®.
- Chase Secure Banking℠ customers told us they save an average of more than $40 per month on fees after opening their account.
- JPMorgan Chase Bank, N.A. Member FDIC.
- 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.
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.
- No Monthly Service Fee while in school up to the graduation date provided at account opening (five years maximum) for students 17-24 years old.
- Students ages 18-24 with a Social Security Number can open an account online or at a Chase branch. Students with no Social Security number or who are 17-year-olds can only open an account at a branch.
- Keep track of your money in the Chase Mobile® app. The app helps you manage your money.
- 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.
- Access to more than 15,000 Chase ATMs and more than 4,700 branches.
- JPMorgan Chase Bank, N.A. Member FDIC
- Chase Overdraft Assist℠ - no overdraft fee 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 Private Client - $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 or over the phone.
- Priority service for everyday banking. Receive personalized attention from a dedicated Chase Private Client Banker who is ready to help you.
- 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 ATM fees 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.
- Deposit products provided by JPMorgan Chase Bank, N.A. Member FDIC. Deposit products are FDIC insured up to the maximum amount allowed by law.
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: LifeGreen Savings Account – Up to $100 Annual Savings Bonus
Earn a 1% annual savings bonus (up to a maximum of $100) when you open a LifeGreen Savings Account AND have or open a Regions checking account. You must set up a monthly automatic transfer of at least $10 from your Regions checking account to LifeGreen Savings account. Your bonus is based on the average monthly balance for 12 months. The maximum bonus is $100. There is a minimum opening deposit of $50 if you apply online. Available to residents of AL, AR, FL, GA, IL, IN, IA, KY, LA, MS, MO, NC, SC, TN and TX.
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 Checking Account - $250 Bonus
Open a new 360 Checking account. Use promo code REWARD250 at account opening. Set up and receive 2 qualifying direct deposits of $500 or more within 75 days of 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, with a minimum deposit of $2,500. Rates are comparable with some of the best rates on the market for similar products.
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.
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.
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 5/1/2022
- ^ Suncoast Credit Union. CDs and Share Certificates for Florida Residents, Retrieved 5/1/2022
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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