10 Best Banks in New Hampshire for 2024

New Hampshire is rich in culture and history, but it’s also packed with businesses and families. Finding the right bank can be essential to achieving your financial goals. Whether you’re setting up a new checking account or considering changing banks, there are a few things to consider.

Welcome to New Hampshire

10 Best Banks in New Hampshire

Finding the right bank can be a game-changer when it comes to managing your finances effectively. In New Hampshire, you’re spoiled for choice with a wide range of banking options, from national giants to local community banks and credit unions.

We’ve compiled a list of the 10 best banks in New Hampshire, each offering unique benefits, features, and services tailored to various financial needs. Whether you’re looking for high-yield savings accounts, minimal fees, or robust online banking, read on to discover the best bank in New Hampshire for you.

1. TD Bank

TD Bank is a major national bank that has a strong presence in New Hampshire. With 58 branches in the state and a total of 1,100 branches and 2,600 ATMs along the East Coast, TD Bank is a convenient choice if you prefer face-to-face banking. It’s especially convenient due to its long business hours.

A unique perk of banking with TD Bank is their fast debit card replacement service. If you misplace your card, you can usually get a new one at your local branch as soon as the next day. Some branches even let you pick up your new card without leaving your car.

For new customers, TD Bank offers a $200 bonus when you open a checking account with a qualifying direct deposit. Plus, you can skip the monthly maintenance fee on checking accounts by maintaining a daily balance of just $100.

2. SoFi

SoFi is an online bank known for its high-yield Checking & Savings accounts. It offers exceptional interest rates with 4.60% APY for savings and 0.50% APY on checking balances, all while charging no monthly fees.

Banking is made convenient through SoFi’s early direct deposit feature, which allows you to receive your paycheck up to two days early.

Your money is secure at SoFi, thanks to FDIC insurance that covers up to $2 million. If you ever find yourself short on funds, SoFi provides up to $50 in overdraft protection without charging fees, provided certain conditions are met.

New customers can also earn a bonus ranging from $50 to $250, based on their initial direct deposit amounts.

Moreover, you’ll have easy access to cash through a wide network of more than 55,000 Allpoint® Network ATMs, making SoFi a go-to option for many people.

3. GO2bank

GO2bank is an online bank that makes it simple to open a checking account online and also offers a high-interest savings account featuring a 4.50% APY on balances up to $5,000.

For added convenience, customers can deposit cash at over 90,000 locations and use any of the 55,000 ATMs without extra charges.

Additionally, moving money to other banks is free of cost. You can even get your paychecks two days in advance or government checks four days ahead of schedule.

Dodging the $5 monthly fee is straightforward—all you need to do is set up recurring direct deposits. If you ever find yourself short on money, GO2bank has a feature that covers you for up to $200.

If you’re looking to improve your credit score, consider the GO2bank Secured Visa Credit Card. It’s designed to help you develop better credit habits and improve your financial standing.

4. Citizens Bank

Citizens Bank is a well-established name in the Northeast, boasting a network of over 1,000 branches and 3,000 ATMs. This extensive coverage makes it a go-to choice for people living in New Hampshire who also venture into neighboring states.

With a broad array of financial offerings like savings, checking, and money market accounts, Citizens doesn’t stop there; they also provide credit card, home loan, and student loan options.

If you set up at least one direct deposit per month, you can benefit from a free checking account. Additionally, Citizens Bank has solutions to help you steer clear of overdraft fees.

Plus, the Citizens Paid Early™ service lets you get your paycheck up to two days early with direct deposit, at no extra cost and without any sign-up requirements.

5. Holy Rosary Credit Union

If you’re exploring banking options in New Hampshire, credit unions like Holy Rosary Credit Union should be on your list. This credit union is open to anyone who resides, is employed, attends school, or worships in New Hampshire or York County, Maine.

Holy Rosary is notable for its competitive interest rates on personal loans and mortgages, which can help you save on significant purchases if you have deposit accounts here.

While it offers strong rates on savings accounts and CDs, its rates on money market accounts and IRAs are less competitive.

To top it off, Holy Rosary provides access to over 30,000 ATMs nationwide, giving you the convenience you need for cash withdrawals.

6. Bank of America

If you’re looking for a bank that offers nationwide access to cash and branches, Bank of America is among the largest banks in the country. Its user-friendly app streamlines tasks like depositing checks via mobile, paying bills, and transferring money between accounts.

Bank of America offers several checking accounts, including some that allow you to waive the monthly fee. While the bank does charge an overdraft fee, it has been reduced from $35 to $10 per occurrence.

The bank also offers an option called Balance Connect, which automatically shifts money from your other Bank of America accounts to cover overdrafts.

Some additional advantages include competitive rates on CDs and a wide range of mobile banking services. If you become a Preferred Rewards member, you’ll have access to a host of additional rewards and perks, making your banking experience even more advantageous.

7. Bank of New Hampshire

Having served communities in New Hampshire and Southern Maine for nearly 200 years, the Bank of New Hampshire offers the familiarity and support of a local institution. With 21 branch locations, the bank also provides fee-free withdrawals at any Allpoint ATM across the country.

The bank shines in delivering personal banking services and offers various checking account choices. One of these options allows you to avoid monthly fees as long as you make at least one qualifying deposit each month.

Additional benefits include the waiving of monthly maintenance fees on checking accounts if you set up a direct deposit or make at least one mobile check deposit.

You’ll also enjoy fee-free access to cash at 55,000 Allpoint ATMs nationwide, and competitive rates on CDs. This makes Bank of New Hampshire a strong choice for those who prefer a blend of traditional and modern banking services.

8. Digital Federal Credit Union

Serving the states of New Hampshire and Massachusetts, Digital Federal Credit Union offers several financial benefits, including fee-free withdrawals at Co-Op ATMs across the country.

You can also access branch services while traveling outside your home area through the same network; just use their branch locator tool to find one near you.

Membership is somewhat restricted, open only to individuals who work for certain employers or live in communities on a pre-approved list. You can also qualify if you have a family member who lives or works in the service area.

Despite these limitations, Digital Federal Credit Union provides an array of quality financial products and a comprehensive suite of mobile services, making it comparable to many online banks in terms of value.

Some of the highlights include a fee-free checking account that offers a 0.20% APY, higher rates on savings accounts than many other financial institutions, and competitive rates on loans.

This makes Digital Federal Credit Union an excellent option for those who meet the membership criteria and are looking for a mix of online and in-person services.

9. Enterprise Bank

Enterprise Bank is a local bank headquartered in Massachusetts, but it also serves the New Hampshire area. It offers a range of accounts, including checking accounts with fees that can easily be waived.

One of its standout features is the Rewards Checking, which allows you to earn points on your debit card purchases.

A limitation of Enterprise Bank is its restricted ATM network. If you often find yourself outside of New Hampshire and Maine, you might want a bank account that offers reimbursement for third-party ATM fees.

Their basic checking account option allows for up to $5 in monthly ATM fees to be refunded, provided you maintain a minimum daily balance of $250.

Additional benefits include various features tailored for small business banking, as well as wealth management services. The monthly maintenance fee is also waived if you make at least one deposit each month. To get started, all you need is a minimum deposit of $50.

10. M&T Bank

After acquiring People’s United Bank in 2021, M&T Bank has become a prominent banking option in New Hampshire, boasting 30 branches across the state. The bank offers various checking accounts, one of which has no monthly fees.

If you’re a small business owner, M&T Bank could be especially appealing due to its extensive range of business-focused services. Their business credit cards offer rewards on purchases, and they also provide an array of loan options and cash management solutions.

Additional perks include competitive interest rates on CDs, credit cards that earn rewards for both personal and business expenses, and a comprehensive suite of business banking services.

All of these features make M&T Bank a strong contender for anyone in the Granite State looking for a blend of traditional and specialized banking services.

How to Choose the Best Bank in New Hampshire

When it comes to managing your money, choosing the right financial institution is crucial. The best banks in New Hampshire offer a range of services, from personal to business banking, but the features that matter most will depend on your individual needs. Here are some essential factors to consider when determining the best bank in New Hampshire for you.

Location and accessibility: If you prefer in-person banking, consider the proximity of the bank’s branches and ATMs to your home, work, or other places you frequently visit. While some people are comfortable with online banking, others value the ability to walk into a local branch for assistance.

Account types and fees: Examine the types of accounts each New Hampshire bank offers, such as checking, savings, CDs, money market accounts, retirement accounts, and investment accounts. Pay special attention to fees, including monthly maintenance fees, overdraft fees, and ATM fees. Some of the best banks in New Hampshire offer fee-free options or ways to waive these charges.

Interest rates: Look for a competitive annual percentage yield (APY) on savings accounts, checking accounts, and other deposit products like CDs. The best bank in New Hampshire for you might offer a high-yield savings account or special rates for meeting certain conditions, such as maintaining a minimum balance or setting up regular direct deposits.

Online and mobile banking features: In today’s digital age, a bank’s online and mobile capabilities are more important than ever. Check to see if the bank’s app allows for easy account management, bill pay, mobile check deposits, and secure transfers. Evaluate how user-friendly their online platform is, as this could save you time and effort in the long run.

Customer service: Good customer service can be a lifeline when you run into banking issues. Consider the bank’s reputation for customer support, and look into the different channels available for support, such as phone, email, or live chat. Some banks even offer 24/7 support, a feature that might be important to you.

Specialized services: Depending on your needs, you might also look for banks that offer specialized services. For instance, if you’re a small business owner, you’ll likely benefit from a bank with robust business banking options. Other specialized services might include wealth management, mortgage loans, or auto loans.

Reviews and recommendations: Don’t underestimate the value of reviews and recommendations. Ask friends, family, or colleagues for their opinions, and read online reviews to get a sense of the bank’s reputation. While no bank is perfect, consistent positive feedback is usually a good sign.

Types of Banks in New Hampshire

When exploring banking possibilities in the Granite State, you’ll come across various types of financial institutions. Understanding the differences can help you make a more informed choice. Here are the main types of banks you’ll find in New Hampshire:

National Banks

These are large banks with branch locations spread across the country. They typically provide a wide array of services, from personal and business banking to investment services. National banks are suitable for those who may move frequently or travel a lot and still want to access their primary bank easily.

Regional Banks

Regional banks generally serve a specific area of the country. While they might not have as extensive a reach as national banks, they often provide a more localized service, tailored to the needs and economic conditions of the region. These banks may also boast competitive rates and an assortment of banking services.

Community Banks

Focused on local needs, community banks often build strong relationships with their customers. They tend to be more flexible in their services and may offer personalized solutions. Community banks are especially known for their contributions to local businesses and their involvement in community development.

Online Banks

Online-only banks offer the convenience of 24/7 access to your accounts via a mobile app or website. Since they don’t have the overhead costs that brick and mortar banks have, these banks often have higher interest rates on savings accounts and lower fees.

Credit Unions

Credit unions are member-owned, not-for-profit organizations. They often boast competitive interest rates on deposit accounts and loans. Membership is usually based on specific criteria such as location, employment, or affiliation with certain organizations. Credit unions are known for their community involvement and customer-centric approach.

Bottom Line

Choosing the right financial institution is an important decision that can have a lasting impact on your financial well-being. Whether you’re drawn to the vast resources of a national bank, the localized services of a community bank, or the digital convenience of an online bank, New Hampshire offers various options to meet your needs. Take your time to evaluate the features, fees, and services each bank provides to find the best fit for your lifestyle and financial goals. Happy banking!

Stephanie Faris
Meet the author

Stephanie Faris is a professional finance writer with more than a decade of experience. Her work has been featured on a variety of top finance sites, including Money Under 30, GoBankingRates, Retirable, Sapling, and Benzinga.