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.
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Citi Priority Account - Earn up to $2,000 Cash Bonus
- Earn up to $2,000 cash bonus when you open a new eligible Citi Priority Checking Account with required activities
- Within 20 days of opening, deposit the minimum amount of new-to-Citibank funds.
- Maintain a minimum balance for 60 consecutive calendar days from the 21st day.
- If your balance falls to a lower tier at any point during the maintenance period, the bonus changes.
- Bonus will be paid within 30 days after you successfully complete all required activities.
Chase Total Checking® - $200 Bonus
- New Chase checking customers enjoy a $200 bonus when you open a Chase Total Checking® account and set up direct deposit
- Access to more than 16,000 Chase ATMs and more than 4,700 branches
- Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
- 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 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*
*With Chase Overdraft Assist℠, we won't charge an Insufficient Funds 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 you bring your account balance to overdrawn by $50 or less at the end of the next business day (you have until 11 PM ET (8 PM PT) to make a deposit or transfer). Chase Overdraft Assist does not require enrollment and comes with eligible Chase checking accounts.
TD Beyond Checking - $300 Cash Bonus
- Earn $300 when you receive direct deposits totaling $2,500 or more within 60 days
- Get more from your checking account. With TD Beyond Checking with Payback Plus, you'll earn interest and get reimbursed for non-TD ATM transactions, Overdraft Payback and more.
- Monthly maintenance fee waived when you receive monthly direct deposits of $5,000 or more within a statement cycle, or maintain a minimum daily balance of $2,500, or a combined balance of $25,000 across eligible TD accounts.
- TD ATM fees waived at any ATM and non-TD fees reimbursed when you keep at least a $2,500 daily balance
- Get overdraft fees automatically reversed up to two times a year.
- Get your money where it needs to go —fast— with Rush Bill Payments, Send Money with Zelle®, incoming wires and a reimbursement for one outgoing wire (domestic or international) per statement cycle.
- TD checking accounts come with an instant-issue debit card - and, you can pay with confidence with contactless technology Visa Zero Liability protection and 24/7 fraud monitoring.
- Monthly maintenance fee waived on one TD Simple Checking℠ account and any Savings accounts. Plus, get free standard check orders, money orders, official bank checks and stop payments.
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.
Discover Online Savings - $200 Cash Bonus
To get your $150 or $200 Bonus: What to do: Apply for your first Discover Online Savings Account, online, in the Discover App or by phone. Enter Offer Code CY223 when applying. 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. Deposit must be posted to account within 30 days of account open date. Maximum bonus eligibility is $200.
What to know: Offer not valid for existing or prior Discover savings customers or existing or prior customers with savings accounts that are co-branded, or affinity accounts provided by Discover. 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 interest and subject to reporting on Form 1099-INT. Offer ends 6/15/2023, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.
CIT Bank Savings Connect - 4.20% APY
- Earn 12x the national average
- $100 minimum opening deposit
- No monthly maintenance fee
- Member FDIC
Premier Savings - Up to 4.38% APY
- 4.38% APY when you have at least $1,000 balance
- No minimum opening deposit
- No monthly service fees
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.
Citi Priority Account - Earn up to $2,000 Cash Bonus
Earn up to $2,000 cash bonus when you open a new eligible Citi Priority Checking Account with required activities. Within 20 days of opening, deposit the minimum amount of new-to-Citibank funds. Maintain a minimum balance for 60 consecutive calendar days from the 21st day. If your balance falls to a lower tier at any point during the maintenance period, the bonus changes. Bonus will be paid within 30 days after you successfully complete all required activities.
| Balance Levels | Maximum Bonus |
|---|---|
| $10,000 - $29,999 | $200 |
| $30,000 - $74,999 | $500 |
| $75,000 - $199,999 | $1,000 |
| $200,000 - $299,999 | $1,500 |
| $300,000 and above | $2,000 |
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.
- No overdraft fees with a Chase debit card that helps you stay within your balance.
- Get more for your money. Chase Secure Banking℠ customers told us they save an average of $50 a month on fees after opening their account.
- No paper checks to track and no Chase fees on money orders or cashier's checks.
- Pay bills, cash checks and send money with Zelle® all for a $4.95 monthly service fee.
- Bank from anywhere with access to more than 16,000 Chase ATMs, more than 4,700 Chase branches, the Chase Mobile® app and Chase Online℠.
TD Convenience Checking℠ - $200 Cash Bonus
- Earn $200 when you receive direct deposits totaling $500 or more within 60 days
- Low minimum daily balance of $100 waives the $15 monthly fee.
- Students and young adults ages 17 through 23 get additional perks like no minimum balance requirements and no monthly maintenance fee.
- Instantly replace a lost, stolen, or damaged debit card by visiting a TD Bank location near you
- Access accounts via Online Banking with Bill Pay, Online Statements, Send Money with Zelle and TD Bank Mobile Deposit. Plus, get 24/7 cash access at TD ATMs in the U.S. and Canada and around-the-clock Live Customer Service.
- TD checking accounts come with an instant-issue debit card - and, you can pay with confidence with contactless technology Visa Zero Liability protection and 24/7 fraud monitoring.
- Get a 0.25% discount on TD Bank Home Equity and Personal Loans.
Free Checking
- $0 monthly fee when you enroll in paperless statements
- $50 minimum opening deposit
- No minimum balance
BMO Harris Smart Advantage™ Account - $200 Cash Bonus
Open a new BMO Harris Smart Advantage™ Account online and get a $200 cash bonus when you have a total of at least $4,000 in qualifying direct deposits within the first 90 days of account opening. Offer is limited to one per customer and is not available for existing BMO Harris personal checking customers (including signers on joint accounts) or those who have closed a BMO Harris personal checking account within the past 12 months. Conditions apply.
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: Savings Account - $525 Bonus
Open a new eligible consumer savings account. Provide the bonus code at account opening. Bonus code can be obtained by providing your email address. Deposit $25,000 or more in new money to the savings account within 30 days of account opening. Maintain at least $25,000 in the account until 90 days after account opening.
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 Plus Banking® - $100 Bonus Offer
Open a new Bank of America Advantage Banking account. Use offer code DMF100CIS when opening the checking account. To qualify, open a personal checking account through the promotional page and set up and receive qualifying direct deposits totaling $1000 or more into that new account within 90 days of opening. Bank of America will attempt to pay bonus within 60 days.
The $100 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. Additional terms and conditions apply. See offer page for more details. 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 16,000 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® - $200 Bonus
- New Chase checking customers enjoy a $200 bonus when you open a Chase Total Checking® account and set up direct deposit
- Access to more than 16,000 Chase ATMs and more than 4,700 branches
- Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
- 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 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*
*With Chase Overdraft Assist℠, we won't charge an Insufficient Funds 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 you bring your account balance to overdrawn by $50 or less at the end of the next business day (you have until 11 PM ET (8 PM PT) to make a deposit or transfer). Chase Overdraft Assist does not require enrollment and comes with eligible Chase checking accounts.
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.
- No overdraft fees with a Chase debit card that helps you stay within your balance.
- Get more for your money. Chase Secure Banking℠ customers told us they save an average of $50 a month on fees after opening their account.
- No paper checks to track and no Chase fees on money orders or cashier's checks.
- Pay bills, cash checks and send money with Zelle® all for a $4.95 monthly service fee.
- Bank from anywhere with access to more than 16,000 Chase ATMs, more than 4,700 Chase branches, the Chase Mobile® app and Chase Online℠.
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 for up to 5 years if you're a student between the ages of 17-24 at account opening with proof of student status.
- 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 and 17-year-olds can only open an account at a branch.
- Manage your money, see your accounts, and pay your bills using the Chase Mobile® app.
- Send and receive money in moments using Zelle®.
- Access to more than 16,000 Chase ATMs and more than 4,700 branches.
- Start planning for your future by using the budget tool in the Chase Mobile® app to set, track, and adjust your spending to help you save more.
- 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*
*With Chase Overdraft Assist℠, we won't charge an Insufficient Funds 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 you bring your account balance to overdrawn by $50 or less at the end of the next business day (you have until 11 PM ET (8 PM PT) to make a deposit or transfer). Chase Overdraft Assist does not require enrollment and comes with eligible Chase checking accounts.
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 and access to J.P. Morgan Wealth Management
- 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; can be completed online or over the phone.
- Experience a financial relationship that brings you more.
- Save time and money with better banking benefits and special services.
J.P. Morgan Self-Directed Investing
- Get up to $700 when you open and fund a J.P. Morgan Self-Directed Investing account with qualifying new money.
- $700 when you fund with $250,000 or more
- $325 when you fund with $100,000-$249,999
- $150 when you fund with $25,000-$99,999
- $50 when you fund with $10,000-$24,999
- Get unlimited commission-free online stock, ETF, fixed income, and options trades when you open an account.
- $0 Online Commission trades
- Choose an account that's right for you: General Investing, Traditional IRA or Roth IRA.
- Access our secure, easy-to-use trading experience online or through the Chase Mobile® app.
- Our powerful tools and resources are built to help you take control of your investments.
INVESTMENT AND INSURANCE PRODUCTS ARE:
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: 360 Checking Account
- $0 opening minimum
- No monthly service fee
- No minimum balance requirement
- 0.10% APY
- 40,000+ Allpoint ATMs
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 Online Savings - $200 Cash Bonus
To get your $150 or $200 Bonus: What to do: Apply for your first Discover Online Savings Account, online, in the Discover App or by phone. Enter Offer Code CY223 when applying. 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. Deposit must be posted to account within 30 days of account open date. Maximum bonus eligibility is $200.
What to know: Offer not valid for existing or prior Discover savings customers or existing or prior customers with savings accounts that are co-branded, or affinity accounts provided by Discover. 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 interest and subject to reporting on Form 1099-INT. Offer ends 6/15/2023, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.
Discover Online Savings - $150 Cash Bonus
To get your $150 or $200 Bonus: What to do: Apply for your first Discover Online Savings Account, online, in the Discover App or by phone. Enter Offer Code CY223 when applying. 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. Deposit must be posted to account within 30 days of account open date. Maximum bonus eligibility is $200.
What to know: Offer not valid for existing or prior Discover savings customers or existing or prior customers with savings accounts that are co-branded, or affinity accounts provided by Discover. 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 interest and subject to reporting on Form 1099-INT. Offer ends 6/15/2023, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full 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 120 branches and is approaching 400 ATMs in Florida, giving them a sizable footprint in the state, with over 2,600 branches in the US altogether.
PNC customers have access to a range of personal banking services including checking and savings accounts, and their Virtual Wallet 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: High Yield Savings Account - 4.00% APY
- $0 minimum opening deposit.
- No fees to open or maintain account.
- Minimum balance to earn interest on your High Yield Savings account is $1.00
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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