When you think of Florida, you probably don’t think about banks, at least not the ones that hold cold hard cash. However, many banks in this tropical state can help you manage your money and achieve your financial goals.
Banks in Florida serve over 6.8 million customers who hold over $800 billion in deposits. Considering it’s a favorite state among those in their wisest age, it’s no wonder many banks in Florida hold some of the largest collections of wealth.
If you’re looking for the best banks in Florida to bank with, you’ve come to the right place. Our guide includes all the finer details about banks in Florida (and across the nation) serving customers far and wide.
Here are some best banks for checking accounts in Florida for your reference:
Chase Bank
Chase is one of a handful of banks that don’t require Social Security numbers. However, Chase does have some of the best bank account bonuses if you’re not already a customer.
You’ll find that Chase has a robust network of physical branches and ATM locations. You can also take advantage of several Chase bank promotions if you don’t already have a Chase account.
In addition to checking and savings accounts, Chase offers CDs, auto loans, mortgages, and credit cards. While Chase’s CD rates are lower than other banks, you can take advantage of the many business banking services this well-known bank offers.
Fifth Third Bank
Open an Essentials Checking account with Fifth Third Bank, and you can bank for free online, through your mobile app, and in-branch. You only need $50 to open your account.
Fifth Third Bank doesn’t charge monthly maintenance fees or require you to set up direct deposit. In addition, you won’t be able to earn any interest on your checking account balance.
This bank offers a mix of physical locations and ATMs. You can also use your debit card to spend money from your Fifth Third Bank account.
Capital City Bank
This coastal bank doesn’t claim as many locations as other banks on our list, but it does serve Tallahassee residents. Plus, it offers free checking accounts with no minimum balances, no monthly maintenance fees, and no direct deposit requirements.
You can use your Capital City Bank account to do almost anything with your money, from depositing and withdrawing it to paying bills and saving up. You can also use the network of ATMs to bank on the go if need be.
Capital City Bank does charge overdraft penalties, so be wary of these. You’ll also pay a fee for any out-of-network ATMs you use.
TIAA Bank
Did you know that TIAA Bank is headquartered in Florida? TIAA Bank offers checking and savings accounts, small business loans, lines of credit, and credit cards.
Many customers choose TIAA Bank for their retirement and investment needs. TIAA Bank will help you with estate planning, trusts, and endowments, among many other services.
Open a Yield Pledge Checking account, and you won’t have to worry about a monthly fee. You’ll only need $10 to deposit into your new TIAA Bank account.
TIAA Bank doesn’t charge transfer fees if you submit payments through Bill Pay. Your funds are also protected by FDIC insurance.
PNC Bank
PNC Bank was founded in 1983 after two banks with the initials “PNC” merged. Both banks serve the Pennsylvania region but also extend south to Florida.
In addition to physical locations, PNC Bank offers financial management tools through its mobile app. You can perform most of the same functions through PNC Bank’s website.
You’ll need at least $25 to open a PNC Bank checking account. Overdrafts will incur a $36 fee, but you can avoid this by returning your account to the positive before 24 hours are up through Low Cash Mode.
Bank of America
You can choose from several Bank of America promotions throughout the year to earn more by banking with BofA. These modern bank accounts offer everything your typical bank account does, from writing checks and spending funds to paying bills.
Unfortunately, Bank of America doesn’t make it very easy to avoid monthly maintenance fees, no matter which bank account you choose. However, this bank does offer superior customer service and many credit cards to choose from.
In fact, you can easily automate your savings. You’ll also earn rewards when you shop using your Bank of America credit card.
Wells Fargo Bank
You know Wells Fargo as one of the largest banks in the U.S. However, did you know it also offers some of the best CD rates in the nation?
Believe it or not, Wells Fargo has over 600 branches in Florida alone. Customers nationwide, however, can choose from eight separate accounts, including savings, checking, and certificates of deposit (CDs).
You’ll have to open a Preferred Checking account with Wells Fargo to earn interest on your balance. Teens between 13 and 17 can also open a banking account.
First Citizens Bank
Though First Citizens Bank offers a free checking account, it’s not interest-bearing. However, there are over 30 physical locations in Florida that you can visit to open a new account and manage your money.
First Citizens Bank has been family-owned for over three generations. It offers checking, and savings accounts with no minimum balances, direct deposit requirements, or monthly maintenance fees.
You can use your First Citizens Bank checking account to pay bills and do everything else you would with a traditional bank account. However, avoiding the monthly fees associated with these accounts can be difficult, and the First Citizens Bank Savings account offers a low annual percentage yield.
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