Best Banks in Orlando
Ad Disclosure: This article contains references to products from our partners. We may receive compensation if you apply or shop through links in our content. You help support CreditDonkey by using our links.
Are you looking for a new bank in Orlando? Look no further than this guide to the best banks in Orlando, Florida.
 |
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.
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*
Personal Checking Account - $200 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.
Whether you're an Orlando native or a newcomer, there's no reason to settle for a bad bank.
But which bank is really the best in Orlando?
In this guide, learn about the best banks in Orlando, what they offer, and who offers free accounts.
Best Banks in Orlando
We considered a variety of factors to find the best banks. This included the accounts they have, the rates they offer, and how convenient it is to bank with them.
Now let's take a look at the best banks in Orlando.
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.
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.
- 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®.
- 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 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
Fifth Third Momentum® Checking - $200 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.
Regions Bank: Best Regional Bank
Regions Bank is a regional bank offering full financial services to consumers and businesses in the South, Midwest, and Texas.
They have 27 branches in the Orlando area, and are headquartered in Birmingham, Alabama.
Regions offers a range of financial services for everyday customers, including checking, savings, money market accounts, and CDs, as well as debit and prepaid cards.
Their checking accounts come in a variety of types to serve different customers' needs, including:
- An account designed for online banking
- An interest-bearing checking account
- A fee-free student account
- An account for seniors over 62
As for savings, they have four options, including:
- The Regions LifeGreen Savings
- Regions Savings
- Regions Savings for Minors
- Regions Now Savings accounts
Regions also offers credit cards, financial planning and wealth management services, and individual retirement accounts. They offer a variety of loans including home and auto, student loans, lines of credit, as well as a range of financial services for small businesses.
Business Referral Program - $150 Bonus
Referred business must open a new Regions business checking account within 90 days of receiving the invite. Opening deposit should be $500 or more. Within 60 days of account opening, complete at least one Visa Business CheckCard purchase that posts to the new account, and enroll in Online Statements through Regions Online Banking.
Personal Checking Account - $300 Bonus
Open a new personal LifeGreen Checking account. Use promo code RGSPRNG24RM when you open online, or register and present your personalized email voucher when you open your account at a local 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.
Bank of America: Best National Bank
One of the biggest upsides to working with a national bank is convenience. Bank of America has more than 46 branches within 20 miles of Orlando, which means it's easy to find a branch when you need one, and get access to ATMs and real human staff.
Bank of America's savings APY won't be as high as you'll find at an online bank, but they do offer a wide range of other products, including:
- Credit cards
- Home and auto loans
- Investing through Merrill
The Bank of America Advantage SafeBalance Banking® is a great start for students and young adults, the monthly service fee is waived for those under 25 years old, or if you maintain a minimum daily balance of $500 or more in your account, and no overdraft fees either.
The Bank of America Advantage Plus Banking® account provides overdraft protection, and they'll waive the $12 monthly fee with qualifying monthly direct deposits of $250 or more, or a minimum daily balance of $1,500.[1]
And the Bank of America Advantage Relationship Banking® account will accrue interest and they'll waive the $25 monthly fee when you maintain a minimum daily balance of $20,000 in your account during each statement cycle.
Monthly maintenance fees for eligible Bank of America checking and savings accounts can also be waived as long as you are a member of the Bank of America Preferred Rewards® program.
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.
Suncoast Credit Union: Best Credit Union
Suncoast Credit Union is our pick for the best credit union for Orlando residents.
They have branches across western Florida, and membership is available to residents of the Orlando area, alumni of Florida College, and family of current members.
They offer interest rates that lie somewhere between online and brick-and-mortar banks. The Suncoast Credit Union Smart Checking account is a dividend-earning checking account that earns a generous rate, has no minimum balance, and no monthly fees.
Unfortunately, its interest rate on the Suncoast Credit Union Share Savings account isn't quite what you'll find at an online-only bank such as Ally.
You might consider a Suncoast Credit Union CD if you're looking for higher returns and can afford to put your money aside for a while.
If you're looking for something a little more convenient than a credit union, you might consider Chase Bank.
Chase Bank: Best for Checking
Chase Bank has the most branches in the country, with more than 4,700 branches in the U.S. and 400 in Florida, and 45 in the Orlando area.
But Chase actually performs a lot of its services online. They have an easy-to-use mobile app, which means that while Chase users have the option to visit a physical branch, most of the time they won't need to.
Chase's interest rates aren't quite as good as you'd find at a purely online bank, but they do frequently offer generous sign-up bonuses that might make up for it.
All three Chase checking accounts provide access to their branches and ATMs and online banking services, as well as a range of perks and features including Autosave automatic transfers.
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.
- 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.
- 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®.
- 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.
- 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.
Referral Program - Up to $500 Bonus
Earn $50 for every referred client who successfully opens a new qualifying checking and/or savings account, and completes qualifying activities. Referred clients must be new Chase customers. Earn a maximum of $500 in referral bonus per calendar year.
The information for the Chase Refer a Friend has been collected independently by CreditDonkey. The details on this page have not been reviewed or provided by the bank.
Chase Total Checking® + Chase Savings℠ - $900 Bonus
- Earn $300 when you open a new Chase Total Checking® account and set up and receive a direct deposit within 90 days of coupon enrollment
- Earn $200 when you open a new Chase Savings℠ account, deposit $15,000 or more in new money within 30 days of coupon enrollment, and maintain $15,000 or more for 90 days of coupon enrollment.
- Earn an additional $400 when you open a new Chase Total Checking® and new Chase Savings℠ at the same time and complete qualifying activities for both accounts.
The information for Chase Total Checking® and Chase Savings℠ have been collected independently by CreditDonkey. The details on this page have not been reviewed or provided by the bank.
Chase Savings℠ - $200 Bonus
Earn $200 when you open a new Chase Savings℠ account, deposit $15,000 or more in new money within 30 days of coupon enrollment, and maintain $15,000 or more for 90 days of coupon enrollment.
The information for the Chase Savings℠ account has been collected independently by CreditDonkey. The details on this page have not been reviewed or provided by the bank.
Other Banks to Consider
While big banks are right for some, they aren't for everyone. If you feel that you might get better service from a bank that understands your needs as an Orlando resident, then one of these local banks might be right for you.
Cogent Bank
Cogent Bank is a Florida-based bank with two locations in Orlando and more in seven other cities throughout the state.
Cogent Bank offers banking services for individuals and businesses, as well as private banking and specialty divisions serving customers with exceptional needs. Their personal banking services include checking and savings accounts, tax-advantaged health savings and retirement accounts, lending options and more.
Seaside Bank and Trust
Seaside Bank and Trust is an Orlando-based bank founded in 2006, with 14 locations around the state. Seaside was acquired in 2020, but still operates its Orlando locations as a division of United Community Bank.
They have a range of banking services including checking accounts, money market accounts, CDs, IRAs, savings accounts, tax-advantaged health savings accounts, and more.
Addition Financial
Addition Financial is a member-owned credit union that was founded in 1937 as Orange County Teachers' Federal Credit Union, and has since grown to one of the largest credit unions in Central Florida.
While they aren't a bank, they offer many of the same services, including checking and savings accounts, loans, credit cards, investing and retirement accounts, and more.
Synovus Bank
Synovus Bank is another regional bank with a strong presence in Florida, with two branches in Orlando, and 249 branches total spread across Georgia, Alabama, South Carolina, and Tennessee, along with 335 ATMs.
Synovus is based in Columbus, Georgia, and its presence in surrounding states can offer locals a level of convenience when they travel.
Synovus offers checking and savings accounts, money market accounts, CDs, health savings accounts, and more to its customers.
Bottom Line
As you can see, there is a wide range of excellent banking options for residents of the Orlando area.
For the widest range of services and most convenience, you'll probably do best with a big national bank like Chase or Bank of America.
For those who prefer something a little closer to home, a regional bank like Regions, or a credit union like Suncoast, will provide the local touch that you're looking for.
There's also a lot to be said for smaller, Florida-focused banks and credit unions, such as Cogent Bank, Seaside Bank and Trust, and Addition Financial.
References
- ^ Bank of America. Personal Schedule of Fees, Retrieved 4/30/2022
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.
|
|
| ||||||
|
|
|
