Updated October 31, 2023

Best Banks in Orlando

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Are you looking for a new bank in Orlando? Look no further than this guide to the best banks in Orlando, Florida.

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.

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.

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.

If you don't like the idea of working with a big national bank, perhaps you'd prefer a credit union instead.

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.

Why should you choose a credit union over a national bank? While credit unions are smaller and may offer fewer features than major banks, they make up for it in low costs, fewer fees, and better customer service.

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.

Tip: Pricing varies from one account to another, but Chase fees can often be waived. Check out our guide to learn how to avoid the monthly service fees.

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.


  1. ^ 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.

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