10 Best Banks in Ohio for 2024

Finding the right bank can make all the difference in how you manage your finances, save for future goals, and access loans when you need them. When it comes to the best banks in Ohio, you have various options to choose from, each offering its own set of perks and features tailored to different financial needs.

Whether you’re looking for a no-fee checking account, high-yield savings accounts, or a reliable mobile banking experience, Ohio’s banking landscape has something for everyone.

Welcome to Ohio

10 Best Banks in Ohio

Choosing a bank is not just about finding a place to keep your money; it’s about selecting a financial partner that can help you reach your financial goals. From community banks that are deeply rooted in local areas to larger institutions with wide-reaching services, we’ve rounded up the best banks in Ohio to help you find the right fit. Below, we’ll take a closer look at the features, fees, and special offers each bank brings to the table.

1. U.S. Bank

With a strong presence in the Buckeye State, U.S. Bank offers a broad range of financial services. Its national reputation and extensive network of branches make it a go-to choice for many Ohioans.

U.S. Bank is currently welcoming new applicants with a special online offering:

  • Earn up to $700 when you open a new U.S. Bank Smartly® Checking account and a Standard Savings account, and complete qualifying activities.
  • Subject to certain terms and limitations. Offer valid through June 27, 2024. Member FDIC.
  • Offer may not be available if you live outside of the U.S. Bank footprint or are not an existing client of U.S. Bank or State Farm.

The account includes a free debit card that can be locked or unlocked if ever misplaced or stolen. There are no ATM transaction fees at U.S. Bank ATMs and no surcharge fees at over 40,000 MoneyPass® Network ATMs.

The checking account requires a $25 opening deposit and a $6.95 monthly fee. This fee can be waived for those 24 and under, 65 and over, or military members (must self-disclose).

Additionally, the fee can be waived with monthly deposits of $1,000+, an average balance of $1,500+, or holding an eligible U.S. Bank credit card. Qualifying for any Smart Rewards® tier (Primary, Plus, Premium, or Pinnacle) also waives the fee.

2. SoFi

Popular among Ohio residents for its impressive online banking services, SoFi shines with its Checking & Savings account. Customers can earn a remarkable 4.60% annual percentage yield (APY) on savings and a 0.50% APY on checking accounts, all with no monthly fees.

For those who want their income sooner rather than later, SoFi’s early direct deposit is a valuable feature. It allows you to receive your paycheck up to two days ahead of schedule.

SoFi also offers FDIC insurance that covers up to a significant $2 million. Overdraft protection is another layer of financial security, offering up to $50 coverage without additional fees for customers with qualifying direct deposits.

For newcomers, SoFi makes the transition sweet with a welcome bonus ranging from $50 to $300, depending on your initial deposit amount.

SoFi also provides its customers access to over 55,000 Allpoint® ATMs, ensuring that you can easily withdraw money whenever you need it.

3. Fifth Third Bank

Fifth Third Bank, headquartered in Cincinnati, serves as a key player in Ohio’s banking landscape. This regional bank distinguishes itself with widespread ATM accessibility; you’re covered not just at Fifth Third Bank locations but at more than 40,000 partner ATMs across the nation.

The Momentum Checking account ranks among the best checking accounts by eliminating monthly maintenance fees. It also gives you an extra business day to sort out any overdrafts, saving you from costly fees if you can cover the balance by midnight of the next day.

There is no minimum deposit and no minimum balance requirement, making it easy for anyone to open an account. While the bank’s savings accounts offer a relatively low rate, its CDs can yield up to 4.75% APY, which is quite competitive.

Fifth Third Bank also offers a noteworthy perk: early access to your paycheck. This feature can be especially helpful for those who need to budget around pay cycles or who have immediate expenses to cover.

4. Upgrade

Upgrade provides an excellent online banking option in Ohio, catering to those seeking modern and fee-free financial solutions.

The Rewards Checking Plus account has no monthly maintenance fees, overdraft fees, or transfer fees, and it doesn’t require a minimum deposit to start.

You can also benefit from features like early direct deposit, which allows you to receive your paycheck up to two days earlier than standard banking times.

Additionally, the account rewards users with up to 2% cash back on debit card purchases.

With the Upgrade Premier Savings account, you can earn a competitive 5.21% APY on balances over $1,000.

In partnership with Cross River Bank, Upgrade guarantees that all accounts are safeguarded with FDIC insurance up to $250,000.

5. Huntington National Bank

With over 400 branches in Ohio and its headquarters in Columbus, Huntington National Bank emerges as a top option as a top option for banking in the Midwest.

The bank has a strong footprint in key cities such as Columbus, Cleveland, and Akron. It offers a fee-free checking account with mo monthly maintenance fee, and forgives overdraft charges up to $50.

What really distinguishes Huntington Bank is its competitive interest rates. The bank provides up to 5.13% APY on CDs and 4.18% APY on money market accounts, offering excellent options for those looking to maximize their earnings. However, it’s worth noting that their rates on savings accounts are less impressive.

Additional perks like Standby Cash, an automatic line of credit, and getting paid two days early round out Huntington’s suite of services. Overall, Huntington National Bank provides a comprehensive and customer-friendly banking experience, ranking it among the best banks in Ohio.

6. Wright Patt Credit Union

Wright Patt Credit Union is an Ohio-based institution that’s accessible to anyone residing, working, worshiping, or attending school in 20 counties within the state.

For the checking account, there are no monthly service fees, and no requirement for an opening deposit or a minimum balance.

One of the standout features of Wright Patt Credit Union is its impressive interest rates. They currently offer an eye-catching 7.00% APY on the first $1,000 in your savings account.

In addition to savings, they also provide highly competitive rates on CDs, up to 4.85% APY, and money market accounts with a 3.30% APY.

ATM access is convenient and fee-free through WPCU’s own ATMs located throughout Southwest and Central Ohio, as well as through the nationwide CO-OP ATM network.

Beyond banking, Wright Patt supports its local community through the WPCU Sunshine Community Fund, which contributes to local nonprofits. They also offer competitive rates on personal loans, making it a well-rounded option in Ohio.

7. Chase Bank

Chase Bank is a well-known national bank with a significant footprint across Ohio. They offer various checking accounts, but the Chase Total Checking Account is one of the most popular.

While this account comes with a $12 monthly fee, it can be easily waived. You can avoid the fee by having direct deposits totaling at least $500 each month, maintaining a daily balance of $1,500, or keeping a minimum of $5,000 across all your Chase accounts.

Young adults between the ages of 18 and 24 can take advantage of the Chase Student Checking Account, specifically designed to help them manage their finances while they focus on their studies.

When it comes to ATM access, Chase customers benefit from fee-free transactions at over 16,000 Chase Bank ATMs. Interest rates at Chase are relatively low for savings accounts, but they offer a competitive up to 3.75% APY on CDs.

One more area where Chase shines is in their credit card offerings. They provide excellent cards that come with bonuses and general rewards, providing extra value for those who are savvy with their credit usage.

8. Woodforest National Bank

Woodforest National Bank serves multiple states, including Ohio, and offers a community-focused banking experience. The bank offers a basic checking account, which comes with a $6.95 monthly fee.

However, this fee is waived if you set up monthly direct deposits or maintain a balance of at least $100. Opening an account is also straightforward, requiring only a $25 deposit.

If you’re looking to invest, Woodforest has attractive CD rates. Small business owners will find value in Woodforest’s competitive loan rates tailored for various business needs.

Additionally, customers can easily track their credit score through the bank’s mobile banking app, which adds a layer of convenience in managing one’s financial health.

Another commendable feature of Woodforest National Bank is their second chance checking account. This option is designed for those with a negative banking history, providing an opportunity to rebuild a strong financial foundation.

9. Park National Bank

Park National Bank serves Ohio, the Carolinas, and Northern Kentucky, operating a total of 96 locations. This community bank offers various checking accounts to choose from.

Their Simplicity Account is a basic checking account with no monthly fees, as long as you opt for electronic statements. The account also includes free introductory checks and overdraft protection options.

For savers, Park National Bank provides a traditional savings account, along with specialized options like health savings accounts and a Christmas Club Savings Account. Beyond that, they offer an array of financial products including loans, credit cards, and investment accounts.

10. Civista Bank

Civista Bank stands out from other local banks by serving multiple regions, including Northern, Northwestern, Central, and Southwestern Ohio, and even reaching into Southeastern Indiana and Northern Kentucky.

With no monthly fees and a minimum deposit of $50, Civista Bank makes it simple to start banking with them. They also don’t require a minimum balance, giving you flexibility with your finances.

Civista Bank is known for providing homebuyer assistance grants, a great benefit for those looking to purchase a home.

For business owners, the bank offers multiple types of business checking accounts, which makes it an ideal choice for both individuals and businesses.

How to Choose the Best Bank in Ohio

When it comes to picking the best bank in Ohio, a few key factors can guide your decision. Understanding your needs, along with some research, can help you identify the best banks in Ohio that align with your financial goals. Below are some important points to consider:

  • Location and accessibility: Make sure the bank has branches or ATMs conveniently located near you. If you travel frequently, consider if the bank offers nationwide access to ATMs.
  • Account types: Different banks offer different kinds of accounts—savings, checking, money market, and more. Make sure that the bank you choose offers the type of bank account that you require.
  • Fees and charges: Always read the fine print. Look for accounts with low or no monthly fees, and check what other charges might apply, such as overdraft fees or service charges.
  • Interest rates: Compare the interest rates offered on savings accounts, CDs, and loans. Shop around for the best deals. Ask about special offers or discounts.
  • Online and Mobile banking: These days, a good online banking platform and mobile app are essential for easy account management. Ensure the bank offers a user-friendly interface and robust features.
  • FDIC and NCUA insurance: Security is important when it comes to banking. Make sure the bank you choose is insured by the Federal Deposit Insurance Corporation (FDIC) or, in the case of credit unions, the National Credit Union Administration (NCUA). This insurance protects your deposits up to certain limits in case the financial institution fails.
  • Customer service: Good customer service can make your banking experience much better. Consider factors like the availability of customer service representatives, online chat support, and how quickly the bank responds to queries and complaints.
  • Additional perks: Some of the best banks in Ohio offer additional benefits, such as early direct deposit, cash-back offers, or bonuses for new accounts. These could add extra value to your banking experience.
  • Community involvement: If supporting local initiatives and communities is important to you, you might prefer a community bank or credit union.

Remember, the best bank in Ohio for you may not be the best for someone else. Your individual needs and what you prioritize—be it low fees, high interest rates, or excellent customer service—will help you make the best choice.

Types of Banks in Ohio

When searching for the best bank in Ohio, you have various banking options available. Here’s a detailed look at the different types of banks you can consider, along with some examples based on the Ohio banks we’ve discussed:

National banks: These banks have a broad reach, with branches and ATMs that span multiple states. They offer an array of financial services, from basic checking accounts to specialized investment products. In Ohio, Bank of America and Chase Bank are well-known national banks.

Regional banks: These banks focus primarily on a specific geographical region, providing a mix of widespread reach and community-focused services. Fifth Third Bank, First Financial Bank, PNC Bank, and U.S. Bank are leading examples of regional banks in Ohio.

Community banks: Tailoring their services to local preferences, community banks typically offer more personalized customer service. Civista Bank, Park National Bank, and Union Savings Bank are examples of community banks serving various areas in Ohio.

Online banks: These are online-only banks that typically have higher interest rates on savings accounts and lower fees than brick and mortar banks. SoFi and GO2bank are online bank options that Ohioans may be interested in.

Credit unions: Owned and operated by their members, credit unions are often a viable option for those looking for better interest rates and a more customized service experience. Wright Patt Credit Union and General Electric Credit Union are examples of credit unions in Ohio that provide a range of beneficial financial services.

Bottom Line

The banking options available to Ohio residents are diverse. From large national banks with extensive services to community banks that focus on personalized customer care, the best banks in Ohio are designed to provide reliable and convenient financial solutions.

Whether you’re a student, a young professional, or looking to retire, there’s a bank in Ohio that fits your requirements. Keep in mind the factors that are most important to you, be it interest rates, fees, or specialized accounts, as you make your choice. 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.