10 Best Banks in West Virginia for 2024


Nestled in the scenic Appalachian Mountains, West Virginia offers a solid banking infrastructure that caters to both individuals and businesses. Effective financial management is key for West Virginians, whether they’re looking to finance a new home, grow their savings, or explore retirement options.

The state’s banking sector is diverse, ranging from large institutions with extensive national networks to regional banks that prioritize local community engagement and tailored services.

Welcome to West Virginia

10 Best Banks in West Virginia

When evaluating the top banks in West Virginia, we considered various aspects that set each bank apart, such as exceptional customer service, a wide array of financial products, attractive interest rates, and advanced banking technology. These banks offer solutions ranging from streamlined digital banking to personalized face-to-face assistance.

Whether you’re a lifelong West Virginian or a recent arrival, seeking individual or business banking services, this guide will help you find the best bank to match your particular financial goals.

1. SoFi

SoFi shines as a forward-thinking online bank in West Virginia, drawing customers with its attractive interest rates. It offers a competitive 4.60% APY on savings accounts and 0.50% APY on checking accounts, without the burden of monthly fees.

A standout feature of SoFi is the early direct deposit option, which allows users to access their paychecks up to two days before the traditional payday, adding a layer of convenience.

Deposits at SoFi are FDIC-insured up to $2 million, providing an added layer of security. The bank also provides overdraft coverage up to $50, subject to certain conditions.

For those new to SoFi, the bank welcomes them with a bonus that ranges from $50 to $300, based on the initial deposit amount.

Additionally, SoFi account holders benefit from access to over 55,000 Allpoint® Network ATMs globally, ensuring easy and convenient access to funds, no matter where they are.

2. WesBanco

WesBanco is headquartered in Wheeling, West Virginia, where it ranks among the leading regional banks. Founded over 150 years ago as “The German Bank” and rebranded as WesBanco in 1968, it has expanded to more than 200 branches across West Virginia, Ohio, Western Pennsylvania, Kentucky, Maryland, and Southern Indiana, making it the second-largest bank based in West Virginia.

WesBanco offers a comprehensive suite of banking products. Its personal checking options include the A+ Student Checking, WesBanco One Account, and Duty First Checking, along with interest-earning and other specialized accounts. The bank also provides a range of savings vehicles such as Companion Savings, Statement Savings, Premium Savings, and money market accounts, as well as CDs.

For those needing financing, WesBanco provides home equity lines of credit, auto loans, personal loans, and an array of credit card options. Its robust online and mobile banking services ensure convenience with features like mobile banking apps, eStatements, and Zelle.

WesBanco also caters to high-net-worth individuals through its private banking services, offering specialized benefits for physicians and personalized attention from private bankers.

3. Upgrade

Upgrade is a leading choice among online banks in West Virginia, catering to those searching for modern financial solutions.

The Upgrade Rewards Checking Plus account addresses common banking challenges by eliminating the need for minimum deposits, monthly maintenance fees, overdraft fees, and transfer fees.

West Virginia residents can take advantage of features such as early direct deposit, which allows access to paychecks up to two days in advance. Additionally, the account provides up to 2% cash back on routine debit card purchases.

Moreover, if you choose the Upgrade Premier Savings account, you can benefit from a competitive 5.21% APY on balances over $1,000.

Upgrade collaborates with Cross River Bank to ensure that all accounts are secured by FDIC insurance up to $250,000.

4. Citizens Bank of West Virginia

Citizens Bank of West Virginia, founded in 1924, is a cornerstone of local banking and deeply rooted in the communities it serves. It has branches in Elkins, Beverly, Parsons, Snowshoe, Buckhannon, and New Martinsville.

This community-owned bank offers a wide array of financial services. These include banking, trust, investment products, and comprehensive financial planning for both individuals and businesses.

The bank prides itself on a long-standing tradition of personal service. Decisions are made locally by familiar faces. Citizens Bank is dedicated to fostering a culture where banking feels like a family tradition.

The bank provides several checking accounts. These include a free checking account, an interest-bearing account, and a money market checking account. They also have traditional savings accounts and specialized options like a Christmas Club savings account.

Citizens Bank also offers an extensive suite of services. These services include wealth management, employee pensions, and 529 college savings plans. They cater to a wide range of financial needs and ensure that investments made with the bank contribute directly back to the local economy.

5. Summit Community Bank

Summit Community Bank has grown into one of the top banks in West Virginia and Virginia, focusing on personalized and community-oriented banking services. Established to support the financial aspirations of local businesses and individuals, the bank is known for its commitment to fostering strong community ties and supporting economic development in the areas it serves.

With branches strategically located in prominent cities such as Charleston, Martinsburg, and Morgantown in West Virginia, and Winchester and Leesburg in Virginia, Summit Community Bank ensures comprehensive coverage and accessibility for its clients.

This network allows the bank to deliver a full range of financial services, including personal checking and savings accounts, business banking solutions, and various loan options, all tailored to meet the unique needs of its customers.

Summit Community Bank’s involvement in community projects and local initiatives further emphasizes its role as a community pillar. This engagement not only helps in building lasting relationships with residents but also contributes to the economic vitality of the regions.

6. Fairmont Federal Credit Union

Fairmont Federal Credit Union stands out in West Virginia by focusing on community-oriented financial services. Originally founded in 1939 as Fairmont Onized Federal Credit Union to serve employees of Owens-Illinois Glass Co., it has expanded its reach to include anyone living or working in Marion, Monongalia, Preston, Harrison, and Taylor counties.

Operating nine regional branches, Fairmont Federal Credit Union is noted for its rapid growth and dedication to the credit union philosophy of “People Helping People.” This not-for-profit institution prioritizes the well-being of its members over profit.

Fairmont offers a wide array of financial products, including innovative Kasasa® Checking Accounts such as Kasasa Cash Back® and Kasasa Cash®, which feature rewards, higher dividends, cash back, and nationwide ATM withdrawal fee refunds. The credit union also provides competitive mortgage options with customizable payment plans to suit various budgets.

For future planning, members can benefit from Individual Retirement Accounts (IRAs) and Education IRAs that offer tax advantages for retirement and educational funding.

7. United Bank

United Bank is the largest bank headquartered in West Virginia, and a major provider of financial services tailored to meet the needs of both individuals and businesses throughout the region.

With branches located in cities like Charleston, Morgantown, and Parkersburg, United Bank ensures that its comprehensive suite of financial products is accessible to a wide range of customers. The bank offers everything from standard checking and savings accounts to more complex offerings such as mortgages, business loans, and wealth management services.

In addition to its financial services, United Bank is committed to contributing to the communities it serves by participating in various local development projects and initiatives. This involvement helps to support economic growth and sustainability in the region, strengthening the bank’s relationships with customers and enhancing the overall community welfare.

8. Truist

Truist Bank operates several branches throughout West Virginia, providing targeted financial services to meet the needs of its local customers. Truist’s offerings include a range of checking and savings accounts, various loan options, credit solutions, and dedicated financial planning services.

In West Virginia, Truist has established a presence in cities such as Charleston, Huntington, and Morgantown. These locations enable Truist to offer tailored financial advice and services directly to its customers, enhancing their banking experience and meeting specific regional needs.

The bank’s involvement in West Virginia extends beyond traditional banking services. Truist supports several community initiatives focused on economic development, education, and health, which reinforces its commitment to the state’s growth and prosperity.

9. Pendleton Community Bank

Pendleton Community Bank operates eight branches in West Virginia and five additional locations in Virginia. As a full-service bank, it provides a comprehensive array of financial products. Customers have access to various checking and savings accounts, retirement planning services, mortgages, credit cards, merchant services, personal loans, and extensive business banking solutions.

The bank has strategically located branches to effectively serve both rural and urban communities. In West Virginia, areas such as Franklin, Marlinton, and Petersburg benefit from its services, while in Virginia, the bank reaches communities including Harrisonburg and Staunton.

Pendleton Community Bank focuses on a community-oriented approach, emphasizing personalized banking experiences. It actively participates in local economic development and community events, helping to strengthen its relationships with both individual and business clients. This commitment to community involvement and customer support enhances its role as a trusted banking partner in the region.

10. City National Bank

City National Bank has established a strong presence in West Virginia, where it provides a wide range of tailored banking services. The bank is particularly appreciated for its personalized customer service, where each customer receives attention specific to their financial needs.

With branches in major cities such as Charleston, Huntington, and Parkersburg, City National Bank is well-positioned to offer its services across the state. Clients can access everything from basic checking and savings accounts to comprehensive services like mortgages, personal loans, and wealth management.

City National Bank is also deeply embedded in the West Virginia community. It supports local educational programs, economic development projects, and charitable activities.

How to Choose the Best Bank in West Virginia

When choosing the best bank in West Virginia, consumers should consider several key factors to ensure they select a bank that meets their financial needs. Here are the most important things to consider:

  • Type of services offered: Identify what types of services you need from a bank. Whether you’re looking for basic services like checking and savings accounts, or more comprehensive offerings such as mortgages, personal loans, investment advice, or business banking capabilities, make sure the bank you choose can adequately provide for your specific requirements.
  • Fees and rates: Examine the fee structure of the banks you are considering. Look for banks that offer low or no monthly fees on accounts, competitive interest rates on savings, and reasonable rates on loans and credit products. Sometimes, the best banks in West Virginia are those that balance good service with cost-effective pricing.
  • Customer service: Quality customer service is essential. A bank that offers personal, responsive customer service can significantly enhance your banking experience. Consider banks that provide accessible support through multiple channels like phone, email, online chat, and in-person consultations.
  • Accessibility: Think about how easy it is to access the bank’s services. Check if the bank has branches near your home or workplace, consider their ATM network and whether it is sufficient for your needs, and look at the usability of their online and mobile banking platforms.
  • Reputation and reliability: Research the bank’s reputation. Read reviews from other customers and check any ratings from financial review boards or consumer advocacy groups. A bank’s stability and reliability are important, especially if you are planning to entrust it with your life savings or rely on it for significant loans.
  • Community involvement: For many consumers, a bank’s role in the community is an important factor. Consider whether the bank invests in local communities. This can be through lending practices that support local businesses or through direct community services and sponsorships.
  • Security: Ensure that any bank you consider offers robust security measures to protect your financial data. This includes secure online banking, fraud monitoring, and alerts for unusual activities. Additionally, confirm that the bank is FDIC insured, which protects your deposits up to $250,000 per depositor, per insured bank, for each account ownership category.
  • Special offers or incentives: Sometimes, banks offer promotions such as bonuses for opening new accounts, higher interest rates on initial deposits, or other financial incentives. While these should not be the sole reason to choose a bank, they can be beneficial as tie-breakers between two similarly matched banks.

Bottom Line

Selecting the best bank in West Virginia is about more than comparing numbers; it’s about finding a financial institution that fits your lifestyle and goals. Whether you prefer the tailored service of a small community bank or the extensive resources of a larger bank, West Virginia offers a variety of banking options to suit different preferences.

Think about what is most important to you in a banking relationship—whether it’s minimal fees, high returns on savings, a full range of services, or excellent customer support—and let that guide your decision. Keep in mind that the ideal bank for someone else might not be the right choice for you. Take the opportunity to evaluate your needs, explore your options, and choose a bank that will support your financial health both now and in the future.

By making a thoughtful choice, you are not just picking a bank; you are initiating a relationship that will significantly influence your financial landscape. With the right banking partner, you can confidently manage your finances and pursue your financial goals in West Virginia.

Meet the author

Crediful is your go-to destination for all things related to personal finance. We're dedicated to helping you achieve financial freedom and make informed financial decisions. Our team of financial experts and enthusiasts brings you articles and resources on topics like budgeting, credit, saving, investing, and more.