13 Best Banks in Maine for 2023

Customers can choose from a variety of accounts that come with no monthly fees and even those that accrue interest, like the much-acclaimed Premier Checking account.

This particular account emerges as a favorite among frequent travelers, boasting unlimited rebates on ATM usage both on home soil and abroad.

For residents who opt to manage their finances closer to home, Camden National Bank provides up to $10 in monthly rebates on out-of-network ATM fees, allowing them to manage their finances from anywhere.

Camden National Bank extends beyond checking solutions, unfolding a plethora of savings and money market accounts. Additionally, it delves into wealth management services, positioning itself as a dependable partner for those steering towards long-term financial stability and growth.

Customers will appreciate the early direct deposit feature, which allows you to get your paycheck up to two days. Additionally, using the SoFi debit card at specific outlets can reward users with up to 15% cashback.

When it comes to the safety of customers’ funds, SoFi has implemented stringent measures, including FDIC insurance that covers amounts up to $2 million.

It also offers a convenient overdraft protection service, covering up to $50 without any fees, a feature available to those receiving qualifying direct deposits.

Those looking to switch to SoFi will be greeted with a welcome bonus that varies between $50 and $250, based on the direct deposit amount. Adding to the ease of banking with SoFi, customers have access to over 55,000 ATMs through the extensive Allpoint® Network.

One of the compelling incentives for opening a checking account with TD Bank is their new account bonus, ranging from $200 to $300.

Moreover, the checking account comes with no monthly maintenance fees as long as you maintain a $100 minimum daily balance, making it an affordable option.

However, it’s worth noting that if you venture outside the TD Bank ATM network, which consists of 2,600 ATMs, you’ll incur a $3 ATM fee. This could be a drawback for frequent travelers who venture beyond the bank’s service area.

One of the most attractive benefits of banking with KeyBank is the availability of a free checking account that requires no minimum balance, and only a minimum opening deposit of $10.

This makes it a hassle-free option for customers who want to keep their banking simple and economical. For those who occasionally use an unaffiliated ATM, KeyBank offers the first two transactions for free each month.

Whether you’re looking for in-person support, live chat, or phone service, KeyBank offers multiple avenues for customer interaction. The result is a highly accessible and convenient option for a broad variety of clients.

For those interested in saving, the bank provides an enticing 4.50% APY for amounts up to $5,000.

The convenience of cash handling is elevated with GO2bank, which boasts 90,000 retail locations for cash deposits. Additionally, the bank allows for free money transfers from other financial institutions.

A unique advantage of banking with GO2bank is early direct deposit. It enables you to access your paycheck up to two days in advance or government benefits up to four days early.

With a qualifying direct deposit, the monthly fee of $5 is eliminated. For those unpredictable financial moments, the bank offers overdraft protection up to $200.

To round off its impressive array of offerings, GO2bank offers a Secured Visa Credit Card aimed at helping consumers improve their credit standing.

With its combination of user-friendly features and robust services, GO2bank firmly places itself among Maine’s top banking choices.

When it comes to financial products, Bangor Savings Bank offers a checking account with no monthly maintenance fee. The bank also offers attractive rates on certificates of deposit (CDs), making it a great option for those looking to grow their savings.

Although its ATMs are primarily located within Maine, Bangor Savings Bank offers a unique benefit of reimbursing third-party ATM fees, even for transactions made outside the U.S. In addition, customers have access to mobile banking.

With its mix of award-winning service, fee-free checking, and comprehensive financial offerings, Bangor Savings Bank is a strong choice for those who prefer community banks with a local focus.

Customers have three primary checking account options, all starting with a minimum deposit of $25. The Simple Checking account is notable for having no monthly fee.

However, the E-Choice and Relationship Rewards Checking accounts, which have waivable monthly fees between $6 and $15, offer cashback rewards and the ability to earn interest.

For those looking to save, the Statement Savings account is available with a $25 opening deposit and a waivable $3 monthly fee. This account, which earns interest, allows for free transfers and can be linked to a checking account to avoid overdraft fees.

Additionally, Bar Harbor Bank & Trust offers a range of financial products including HSAs, IRAs, and personal and equity loans, catering to a wide variety of financial needs and goals.

While its savings and interest-bearing checking accounts may not offer the most competitive rates compared to online bank accounts, it compensates with a range of other features.

One such feature is BankAmeriDeals, which provides cash back on select purchases, adding an extra layer of financial benefit for account holders.

Additionally, the bank offers various online banking tools, including a robust mobile banking app that allows you to manage your accounts, make mobile deposits, and set up alerts.

Bank of America also provides various types of credit cards, including options that offer rewards, cash back, and travel benefits.

When it comes to savings, Northeast Bank offers competitive rates, particularly with its CDs that can offer up to 4.85% annual percentage yield (APY).

Although the standard savings account yields a modest 0.05% APY, the PROPEL Plus account stands out with an impressive 3.75% APY.

While the bank’s ATM availability may be limited, all fees incurred at third-party ATMs are refunded.

For clients with higher balances, the extended FDIC insurance ensures additional security, adding to the bank’s appeal as a full-service community bank with competitive offerings.

The bank provides numerous checking accounts to suit different financial needs, including a fee-free option for those looking to avoid monthly fees. M&T Bank will reimburse up to $2 in fees for using third-party ATM usage across the U.S.

With its wide geographic coverage and diverse financial products, M&T Bank serves as a reliable option for those seeking both accessibility and flexibility from their bank.

Opening a checking account requires a $100 minimum opening deposit, but you won’t have to worry about monthly maintenance fees.

Additionally, the bank offers an attractive incentive of earning 5 cents on every debit card transaction, encouraging frequent card usage.

Coupled with personalized customer service available at local branches, Machias Savings Bank delivers a tailored and rewarding banking experience for its Maine-based clientele.

While the bank may not be the go-to choice for those focused on high-interest savings or CDs, it does boast unique tiered checking that adjusts account features based on your banking habits. Additionally, any fees incurred from out-of-network ATMs are reimbursed.

For small business owners, Partners Bank rolls out a full array of services, including free business checking accounts and a dedicated business MasterCard. This makes it a comprehensive financial institution for both individual and business needs.