Best Banks in Texas
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Looking for the right bank in Texas? Don't miss this helpful guide to the best banks in the Lone Star State. Read on to see which is right for you.
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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.
- 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 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 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 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.
Texans have their own unique needs and requirements when it comes to banking.
But how do you choose the right bank with so many options out there?
This helpful guide will make finding the right bank in Texas quick and easy. Keep reading to see which one suits you best.
The Best Banks in Texas
To identify the best banks in Texas, we looked at a variety of important factors. Things we considered include what services they offer, their size and the number of branches they have, their reputation, and more.
Make sure to review the entire list to avoid missing out on the bank that fits you best.
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.
- Chase Secure Banking℠ customers told us they save an average of $50 a month on fees after opening their account.
- JPMorgan Chase Bank, N.A. Member FDIC.
- 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℠.
Wells Fargo: Best Overall
While it may be a bit of a cliche at this point to say that people like things big in Texas, when it comes to banking, sometimes there's something to be said for going with big. And its size is one of the reasons we think Wells Fargo is the best choice overall for banking in Texas.
Why? Wells Fargo has 650 branches in Texas, along with 1,200 ATMs. That means that no matter where you are in the Lone Star State, wide as it may be, you'll always have access to your money as a Wells Fargo customer.
And going with a big bank has other perks too. Wells Fargo offers a range of personal banking services, from checking and savings accounts to home and auto loans, as well as being a top small business lender, according to the Small Business Association (SBA).[1]
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.
Chase: Best for Checking
Branches aren't all that make a bank, though Chase does have a lot of them--with over 120 locations in Texas, and over 600 ATMs. Not quite as many as Wells Fargo, but still an impressive number.
What makes Chase our top pick for checking in Texas is its extensive range of locations in combination with its sleek, easy-to-use mobile app. Because while Chase has done an excellent job of providing physical access, they have really focused on a smooth digital experience as well.
In addition to managing your checking account through the Chase app, you can send and receive money, pay bills, deposit checks, and plenty more.
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.
- 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 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 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 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.
- Chase Secure Banking℠ customers told us they save an average of $50 a month on fees after opening their account.
- JPMorgan Chase Bank, N.A. Member FDIC.
- 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 Business Complete Banking℠ - Up to $500 Bonus
- Earn up to $500 when you open a new Chase Business Complete Checking℠ account. For new Chase business checking customers with qualifying activities.
- Multiple ways to waive the Monthly Service Fee, including maintaining a minimum daily balance or purchases on your Chase Ink® Business credit card.
- Full-service business banking. Convenient access to all your business banking services in one place -- lending, checking, credit card and payment solutions.
- Your choice of payment types. Choose from a full range of options for accepting payments and making deposits that include Zelle®, Online Bill Pay, wire transfers and ACH payments.
- Convenient access to payment processing. Process all major debit and credit cards with QuickAccept. It's a built-in feature with your Business Complete Checking account.
- Helping you save money. Multiple ways to waive service fees and unlimited digital transactions helps you keep more of your money.
- Full-featured banking online and on-the-go. Manage your business' finances on your terms with the latest online and mobile banking technology.
- Trusted and secure financial partner. We're committed to helping you grow and protect your business.
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.
- 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*
*With Chase Overdraft Assist℠, we won't charge an 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 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. 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; can be completed online or over the phone.
- Experience a financial relationship that brings you more.
- Deposit products provided by JPMorgan Chase Bank, N.A. Member FDIC. Deposit products are FDIC insured up to the maximum amount allowed by law.
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 $5,000-$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:
Chase First Banking℠
- Open a Chase First Banking℠ account. It's designed with kids 6-12 in mind, and available for ages 6-17 and comes with a debit card for kids and a $0 monthly service fee.
- You must be an existing Chase checking customer to open a Chase First Banking account.
- Chase First Banking helps parents teach teens and kids about money by giving parents the control they want and kids the freedom they need to learn
- Teach your kids to spend, save and earn - all from the Chase Mobile® app
- JPMorgan Chase Bank, N.A. Member FDIC
NavyArmy Community Credit Union: Best Credit Union
If you'd prefer a credit union rather than a traditional bank, our pick is the NavyArmy Community Credit Union. This Hispanic-American-owned credit union is only available to those who live, work, or go to school in South Texas county, with 19 branches across the state.
Through the Co-Op Shared Network, you get access to 30,000 free ATMs, and NavyArmy offers unlimited reimbursements on banking fees for out-of-network ATM transactions, as long as you meet their APY requirements.
If you're interested in signing up, it costs $25 to open a savings account with NavyArmy Credit Union, or $45 for both checking and savings.[2] Plus, you can earn a generous APY on balances under $25k if you meet the requirements of their Liberty Checking Account. The minimum deposit is $20.
PNC Bank: Best for Checking and Savings
If you're looking for a bank that has outstanding options for both checking and savings, consider PNC Bank, which currently ranks as the sixth-largest financial institution in the state.[3]
There's a relatively low minimum deposit of $25 to open one of their PNC Bank Standard Savings Accounts.
PNC does charge a $5 monthly service fee, but you can get it waived in several ways, like keeping minimum of $300 in your account or connecting your savings account to a PNC checking account. The fee is also waived for customers under 18.[4]
Their interest rates are fairly low, so if you're looking for higher interest, you might consider a high-yield savings account with another bank.
With their online checking account, the PNC Bank Virtual Wallet, you can easily track deposits to your account, when you need to pay bills, and get warnings when you're at risk of overdrawing.
Virtual Wallet Checking - $50 Bonus
Open a new Virtual Wallet checking account and make qualified direct deposits totaling $500 or more within 60 days of account opening. Bonus will be awarded within 60-90 days of meeting the requirements.
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.
Virtual Wallet with Performance Spend Checking - $200 Bonus
Open a new Virtual Wallet with Performance Spend checking account and make qualifying direct deposits totaling $2,000 or more within 60 days of account opening. Bonus will be awarded within 60-90 days of meeting the requirements.
Refer a Co-Worker – $100 for Each Referral
Available to existing participants of PNC WorkPlace Banking. Earn $100 for every co-worker who opens an eligible WorkPlace Banking checking account. Your friend also gets a reward. Your friends must use your referral coupon when they apply. You can earn this bonus for up to 10 referrals per year, for a total of up to $1,000.
GECU: Best Community Financial Institution
GECU is a Texas-based credit union built to serve the Hispanic American community primarily in El Paso, where they've got 12 branches. To join, you or a family member will need to live or work in El Paso County, Hudspeth County, or Dona Ana County.
They are CDFI (Community Development Financial Institution) certified, as well as a Juntos Avanzamos designated credit union, which means they're recognized as serving community residents regardless of income or immigration status.
Instead of a Social Security number, it's possible to join with an ITIN (Individual Taxpayer Identification Number)[5] and they consider permanent resident cards, foreign passports, and Matricula Consular as valid forms of photo ID. Their minimum deposit is $20.
Their savings APY is relatively low and requires a daily minimum balance of $100. Higher rates of return can be found at online banks like Ally, if you qualify.
Bank of America: Best National Bank
Bank of America, one of the largest banks serving everyday customers in the U.S., is an excellent choice for Texans as well.
They require a higher minimum deposit ($100) compared to the other banks on this list, but there's a lot to be gained by signing up with a major bank like this one.
Customers of BofA get access to their thousands of ATMs and financial centers. You can also take advantage of a variety of checking, including the Bank of America Advantage Plus Banking® account.
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
Bank of America Advantage Relationship 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
Bank of America Advantage SafeBalance 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
Capital One: Best for Savings
While many of the highest savings rates are offered by purely online banks, customers who go with Capital One are able to sample the best of both worlds. With 77 branches across the state of Texas, spread across 40 cities, Capital One users should have no trouble finding a local branch location.
But thanks in part to their emphasis on modern banking, they also offer competitive interest rates through a number of savings accounts, CDs, and even interest-bearing checking accounts.
Capital One customers also have the option of getting their banking done at one of Capital One's unique cafes, such as the one in downtown Austin, where you can partake of food and drinks and relax as well as managing your finances.
Capital One: 360 Checking Account
- $0 opening minimum
- No monthly service fee
- No minimum balance requirement
- 0.10% APY
- 40,000+ Allpoint ATMs
Bottom Line
There are a lot of good banking options for residents of Texas. Those who spend a lot of time out of state moving around the country may prefer a more national bank like Wells Fargo, Bank of America, or PNC.
Immigrants and those who prefer to patronize local businesses may get more out of community-oriented institutions such as GECU and NavyArmy Credit Union.
And those looking for a mix of digital and brick-and-mortar service would do well with modern banks like Chase and Capital One.
References
- ^ U.S. Small Business Administration. 100 most active SBA 7(a) lenders, Retrieved 5/1/2022
- ^ NavyArmy Community Credit Union. Membership, Retrieved 5/1/2022
- ^ Federal Reserve Board. Large Commercial Banks, Retrieved 5/1/2022
- ^ PNC Bank. Consumer Schedule of Service Charges and Fees, Retrieved 5/1/2022
- ^ "International Taxpayers": IRS.gov, 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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