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.
11 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.
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.
GO2bank is an online bank that offers convenience through its user-friendly app. All essential banking functions like mobile check deposit and fund transfers are neatly integrated within the app. The checking and savings accounts have no minimum balance requirements, making them accessible to everyone.
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 crucial for easy account management. Ensure the bank offers a user-friendly interface and robust features.
- FDIC and NCUA insurance: Security is crucial 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, KeyBank, 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 good 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.
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!