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.
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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.
HSBC Premier Checking - $500 Welcome Deposit
- Receive a $500 Welcome Deposit for eligible new customers who open a new HSBC Premier checking account and complete the following qualifying activities.
- Open your new HSBC Premier checking account online, using this offer page, by February 15, 2023.
- Make recurring Qualifying Direct Deposits totaling at least $10,000 per month from a third party to your HSBC Premier checking account(s) for 3 consecutive calendar months from the second full calendar month after account opening.
- You will automatically receive the $500 Welcome Deposit in your new HSBC Premier checking account approximately eight weeks after completing all qualifying activities. It's that simple.
- Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.
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.
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.
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.
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 $100 when you open a Chase Secure Banking℠ account with qualifying transactions.
- No minimum deposit to open an account and get started.
- 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.
- No overdraft fees with a Chase debit card that helps you stay within your balance.
- 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℠.
- 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.
- Open an account online or in person at any Chase branch.
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 Money™ Account - $200 Cash Bonus
Open a new BMO Harris Smart Money™ 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.
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.
Personal Checking Account - $200 Bonus
Open a new personal LifeGreen Checking account. Use promo code RGWNTR22RM when you open online, or register and present your personalized email voucher when you open your account at a local branch. Make $500 in total deposits that post to your account within 60 days of account opening. Enroll in Online Banking within 60 days of opening your account.
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.
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
Advantage SafeBalance Banking is great for students, with sole ownership for teens over 16, no fees for students up to 25 years old, 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. It's free as long as you enroll in Bank of America's Preferred Rewards program.
Bank of America Advantage Plus Banking® - $100 Bonus Offer
Open a new Bank of America Advantage Banking account. Use offer code DNE100CIS when opening the checking account. Set up and receive $1,000 or more within 90 days of account opening. Receive the $100 bonus within 60 days after completing all requirements.
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
Bank of America Advantage Relationship Banking® - $100 Bonus Offer
Open a new Bank of America Advantage Banking account. Use offer code DNE100CIS when opening the checking account. Set up and receive $1,000 or more within 90 days of account opening. Receive the $100 bonus within 60 days after completing all requirements.
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
Bank of America Advantage SafeBalance Banking® - $100 Bonus Offer
Open a new Bank of America Advantage Banking account. Use offer code DNE100CIS when opening the checking account. Set up and receive $1,000 or more within 90 days of account opening. Receive the $100 bonus within 60 days after completing all requirements.
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
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® - $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 $100 when you open a Chase Secure Banking℠ account with qualifying transactions.
- No minimum deposit to open an account and get started.
- 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.
- No overdraft fees with a Chase debit card that helps you stay within your balance.
- 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℠.
- 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.
- Open an account online or in person at any Chase branch.
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.
- Access to more than 16,000 Chase ATMs and more than 4,700 branches
- 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.
- Manage your money, see your accounts, and pay your bills using the Chase Mobile® app
- Send and receive money in moments using Zelle®
- Students ages 18-24 can open an account online or at a Chase branch. 17-year-olds must open at a Chase branch.
- 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.
J.P. Morgan Self-Directed Investing
- Get up to $625 when you open and fund a J.P. Morgan Self-Directed Investing account with qualifying new money.
- $625 when you fund with $250,000 or more
- $300 when you fund with $100,000-$249,999
- $125 when you fund with $25,000-$99,999
- 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.
- Buy, trade, sell stocks online or the Chase Mobile App.
INVESTMENT AND INSURANCE PRODUCTS ARE:
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.
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.
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