10 Best Banks in New Jersey for 2025

One of its key checking account options is the Essential Bank Account, which comes with a $4.95 monthly fee. This fee is waived for individuals aged 13 to 17, making it a good choice for teenagers.

The account has no minimum deposit or balance requirements, and it charges no overdraft fees. Additionally, new checking account holders can receive a $200 bonus, and 24-hour live customer service is available.

In terms of savings, TD Bank offers competitive rates on both savings accounts and CDs, giving customers a range of options for growing their money.

This combination of services and features makes TD Bank a well-rounded choice for everyday banking needs in New Jersey.

Banking is made easy with features like early direct deposit, which can get your paycheck into your account two days sooner.

Safety is also a priority at SoFi, which provides FDIC insurance coverage up to $2 million. If you ever find yourself short on funds, SoFi offers up to $50 in overdraft coverage without fees, provided you have qualifying direct deposits.

If you’re new to SoFi, there are bonuses ranging from $50 to $250 based on your direct deposit amounts. Additionally, customers have access to a vast network of over 55,000 Allpoint® Network ATMs. Overall, SoFi’s feature-rich and fee-free structure makes it a popular choice.

The Rewards Checking Plus account has no monthly maintenance fees, overdraft fees, or transfer fees. It also requires no minimum deposit. This account also allows customers to receive their paychecks up to two days early with early direct deposit.

The account offers up to 2% cash back on all debit card purchases. In addition, with the Upgrade Premier savings account, you can earn up to 4.14% APY on balances of $1,000 or more.

Upgrade’s mobile app, available on iOS and Android, facilitates easy account management, making it a convenient option for New Jersey residents seeking a streamlined online banking solution.

To snag this reward, all you need to do is set up bill pay or receive at least one qualifying direct deposit. This account also reimburses you up to $10 a month for fees from out-of-network ATMs.

There are no monthly maintenance fees, and the minimum deposit requirement is $100. The bank offers attractive rates on CDs and money market accounts.

Valley National Bank also caters to people in varying life stages, including specialized business checking accounts, as well as accounts tailored for teenagers and college students.

One standout feature is Capital One’s no-overdraft-fee policy. You have the freedom to customize your overdraft protection to either decline transactions or move funds from a linked savings or money market account when you’re short on cash.

In terms of account fees and requirements, Capital One is highly accommodating. There are no monthly maintenance fees, and you can open an account without any minimum deposit. When it comes to saving money, the bank has great rates on savings accounts and CDs.

Capital One also offers the convenience of allowing cash deposits at its ATMs, as well as at CVS, Walgreens, or Duane Reade locations. Some branches even offer cafés with Wi-Fi, so you can stay connected while you bank.

For individual account holders, Chase currently provides a $200 bonus for new Chase Total Checking account customers who set up direct deposit.

In terms of fees, there is a $12 monthly fee for the checking account, but this can be waived if you meet certain qualifications. There is no minimum opening deposit, and no need to maintain a minimum balance.

For business owners, Chase offers a host of benefits, including up to $500 in bonuses for opening a business checking account.

Their business credit cards also come with a $750 bonus cash back, given you meet certain qualifying activities. The bank also offers various types of business loans, from lines of credit to commercial financing options.

The bank’s primary checking account is the Virtual Wallet, which is free of monthly charges if you either receive at least $500 in direct deposits or have a balance of at least $500 across all your PNC accounts.

Bonuses are available too; you can get a $50 bonus with their basic account, but the bonuses rise to $200 or $400 if you opt for the Virtual Wallet with Performance Spend or Performance Select accounts, respectively.

There’s a $7 monthly fee for the checking account, which can be waived under certain conditions. You’ll also need a modest $25 minimum opening deposit, and there are no minimum balance requirements. PNC Bank also offers competitive CD rates.

Additional features include wealth management services that are integrated right into their mobile banking app. All of these elements combined make PNC Bank a reliable and appealing banking option in New Jersey.

For those interested in opening a new savings account, Wells Fargo has an attractive offer as well. You can earn a $525 bonus if you deposit $25,000 into the account within the first 30 days and leave it there for at least 90 days.

Customers can also access their cash for free at over 12,000 Wells Fargo ATMs across the country.

The bank charges a $10 monthly fee for its checking accounts, but this can be easily waived by meeting certain conditions.

There’s no minimum deposit needed to open an account and no ongoing minimum balance requirements.

Wells Fargo also offers competitive rates on savings accounts and CDs.

To become a member, you’ll need to meet certain criteria such as living, working, or studying in approved Philadelphia-area communities, being employed by one of their workplace partners, or being related to an existing member. Alternatively, you can join by becoming a member of the Kids-N-Hope Foundation.

Despite its limited branch presence, American Heritage Credit Union offers compelling reasons to consider membership. Both individual consumers and small business owners can find excellent account options here, with access to over 30,000 ATMs nationwide without any fees.

The credit union doesn’t charge monthly fees for checking accounts, and there is no minimum opening deposit. If you happen to use an out-of-network ATM, the union will reimburse you for up to 10 such fees each month.

American Heritage Credit Union offers competitive rates on both savings accounts and CDs, providing strong returns for its members.

Additional benefits include competitive rates for auto and home loans, as well as a wide array of business banking services.

One of Santander’s popular checking accounts is the Simply Right Checking, which provides all the essentials.

The account comes with a $10 monthly fee, but you can easily dodge this fee by making at least one transaction per calendar month. You’ll need a minimum deposit of $25 to open the account.

For those looking to save, Santander offers a savings account with no minimum balance requirement and just a $25 minimum opening deposit.

To complement its physical services, Santander also offers robust digital banking tools, including online and mobile banking capabilities.