15 Best Banks in Florida for 2024

The online bank offers an impressive 4.60% APY on savings, and 0.50% APY on checking balances. SoFi also ensures their customers’ deposits are secure with FDIC insurance up to a considerable $2 million.

A key attraction of SoFi is its commitment to a fee-free banking experience, featuring no account, overdraft, or monthly fees.

Customers can also benefit from early paycheck access and the potential to earn up to $300 with direct deposit. With the added advantage of access to more than 55,000 ATMs, SoFi truly earns its recognition as one of the best banks in Florida.

You also won’t be on the hook for any monthly service fees, and Capital One will automatically decline any transitions that overdraw your balance for no extra charge.

Even though Capital One does not have any physical branches in Florida, you can apply for and manage your bank accounts online.

Other benefits of Capital One include early paycheck, which can allow you to receive your incoming funds up to two days early, free financial coaching sessions, and a well-designed mobile app.

First Citizens Bank prides itself on offering a rich assortment of financial solutions to cater to a broad spectrum of customer needs.

Whether you’re looking for personal banking services such as savings and checking accounts, or exploring credit card options, mortgages, First Citizens Bank has you covered.

But their offerings don’t stop at individual needs; they extend into comprehensive business and commercial services. Furthermore, they stand as a trusted partner in wealth management, guiding you in retirement planning and investments, ensuring a secure financial future.

Maintaining a modest minimum daily balance of just $100 allows customers to avoid the $15 monthly maintenance fee. Additionally, young adults between the ages of 17 and 23 can enjoy the perk of having no monthly fees.

Customers utilizing this checking account have at their disposal a robust mobile app, encompassing the TD Bank Mobile Deposit feature. This grants them access to their account, day or night, and the benefit of services like Bill Pay and Zelle.

Beyond checking, TD Bank entices with rate discounts on home equity and personal loans, enhancing its broad spectrum of financial offerings that also include savings accounts, CDs, and credit cards.

With Asterisk-Free Checking, there’s no minimum opening deposit and no monthly service fee. Huntington’s checking accounts come with many benefits, such as 24-hour grace overdraft fee relief, platinum debit cards, mobile pay, and early pay. You can make deposits to them directly or through an ATM or mobile device.

If you’re looking to boost your savings, you may choose from several money market accounts, IRAs and other retirement accounts, and certificates of deposit. Huntington provides various services for small business owners, including business checking accounts, business credit cards, insurance products, and more.

Unlike most brick-and-mortar banks in the Sunshine State, Ally doesn’t charge a monthly service fee or impose minimum balance requirements.

You can open an Ally account with any deposit amount. In addition to a savings account, you can open an interest-bearing checking account and credit cards with rewards like cash back and travel points.

We can’t forget Ally’s retirement and investment services, which include self-directed trading, robo portfolios, IRAs, stocks, commission-free ETFs, and even cryptocurrency.

Regions stands out from other, larger financial institutions for its checking account rewards program and LifeGreen Savings account, which is free of monthly maintenance fees.

Additionally, Regions Bank provides CDs with durations varying from seven days to 72 months. They also impress with a comprehensive mobile app and round-the-clock customer service via a secure online messaging system.

Potential customers can choose from three different checking accounts, with minimum deposits ranging from $25 to $100, and monthly maintenance fees between $0 and $25 — though it’s worth noting there are options to waive them. The accounts also offer several ways to avoid overdraft fees.

The bank offers a diverse selection of products such as savings accounts, credit cards, and various loan options including home and auto loans.

If you decide to become a Chase customer, you’ll have access to two savings accounts: the Chase Savings account and the Chase Premier Savings account.

While Chase Savings comes with a low monthly fee, the Chase Premier Savings is a solid pick if you’re looking for a competitive rate on a large balance.

When it comes to checking, Chase offers several options, like the Chase Total Checking account and the Chase Sapphire Checking account, with perks like attractive interest rates and free ATM usage.

Note that the Chase Sapphire Checking account is only available for Sapphire members with an average balance of $75,000 average balance.

You can open a checking or online savings account without having to worry about an opening deposit requirement and won’t be charged a monthly fee for any checking account.

Fifth Third Bank also offers an extensive ATM network, which gives you access to more than 50,000 ATMs across the country.

Additionally, if you get paid via direct deposit in a Fifth Third account, you may access your paycheck up to two days early. For questions and concerns, you can reach out to Fifth Third’s customer service team 6-days a week.

In addition to a personalized banking experience, this Florida bank provides a checking account featuring low fees and no transaction limits, a free savings account with higher rates, and three different types of CDs.

Plus, the bank is digitally savvy and provides online tools so you can keep tabs on your accounts, set a budget and savings goals, transfer money, pay bills, and send money with Zelle. If you’re interested in investing, EverBank will give you the opportunity to invest in precious metals and foreign currencies.

You can also receive yields that are higher than traditional checking or savings options without bank fees or holding periods.

Raymond James also offers a plethora of mortgage products, such as fixed rate and adjustable rate mortgages, interest-only and jumbo mortgages, pledged securities and construction mortgages, and home equity lines.

When it comes to CDs, you can choose from a plethora of options. Additionally, the bank goes the extra mile with free budgeting tools and competitive interest rates for account holders that qualify. As an added bonus, PNC Bank has a reputation for stellar customer service.

Although it lacks physical branches, the bank facilitates easy banking through its user-friendly mobile app and free access to over 60,000 ATMs nationwide.

Apart from its celebrated credit cards which come laden with diverse rewards, Discover caters to various financial needs through its offerings, including checking and savings accounts, personal and student loans, home equity loans, and options for mortgage refinancing.

You can choose from a basic, no-frills free checking account or opt for an interest checking account or a checking account for a teen or young adult. There are also a few saving account options, like a goal-based savings account and a high-interest savings account.

While you can visit a local branch if you prefer an in-person banking experience, you can also utilize online and mobile banking. In addition, Wells Fargo includes other conveniences like Zelle money transfers and online bill pay.