How To Choose the Best Bank 

How To Choose the Best Bank 

Are you looking for a place where you can store, manage, and double up your money with complete assurance? Then, you need to have a reliable and easily accessible bank that can not only offer world-class customer service but also gives various schemes and offers so that you can succeed in earning a good amount of money on your deposited funds.  

Choosing the right bank to manage funds is not as easy as it seems or sounds. It takes lots of research work and strategies before a person chooses a bank to manage the money. Many people or businesses are not satisfied and happy with their current bank because of poor service and the unavailability of fruitful money-earning schemes. Hence, they need a bank that can meet all their needs from better loan options to credit card facilities. Before you finalize a bank for your money, you must consider some important facts mentioned here in this blog.  

As we have told you in the above para that coming up with the right bank is not a piece of cake, make sure you do some research work keeping your preferences and needs in your head.  

How To Choose the Best Bank? What One Should Do? 

Here in the blog, we are going to share some effective tips that would help you find a good bank for you.  

  1. Whatever bank you choose to take care of your funds, one thing is sure you would never run short of products, services, and money-making schemes. But finding which scheme or product will meet your needs and current financial status is an overwhelming task. Therefore, we are here to help you.   

If you want to open a bank account in any bank nearby, always be clear with your choice of account. Be aware of your preferences about the type of account you want to open in the bank. 

Below you can see the different types of banks:- 

  1. Checking account 
  2. Savings account  
  3. CDs 
  4. Money market account  

With a checking account, you can easily manage daily-life financial needs by depositing and withdrawing anytime you want. You can access your funds without taking them in hand.  

A savings account is an account offered by banks and credit unions so that customers can fulfill their requirements related to savings. With this savings account, you can also earn higher interest on the deposited funds. 

CDs are also a great way to earn interest on your deposited money. With this, account holders agree to lock their funds for some period of time. And after the time is over while adhering to all terms and conditions, account holders have a greater opportunity to earn good interest on it.  

2.In this blog, we have shortlisted the list of the top 100 banks in the United States. To give more accurate and precise details, we have mentioned different categories of the bank so that you can choose your desired or suitable bank easily.

  • National and regional bank 

The national and regional bank is a great option for those who are looking for easy accessibility to their bank. You can easily access the bank anytime you require irrespective of your location. You can get in touch with your bank’s authority by visiting its nearby branch. 

  • Online Banks   

As Online banks do not have fees for checking accounts, you may consider opening your account with them. And in addition to no fee for checking accounts, there is also a higher chance of earning good interest on the amount deposited in saving accounts.   

  • Local banks and credit unions  

You can choose a local bank or credit union to open your account to access in-person facilities. With local banks and credit unions, you may also have the facility to get in touch with its 24/7 customer service. It is also a great way to access good effective options for loans and credit card services. 

 Find a bank that offers low fees 

When it comes to choosing the best bank to manage your money, you need to find a bank that offers low fees and good interest on deposited money. In case, you think that your bank is charging you avoidable money and also not helpful in resolving a problem then, it is the right time to switch. If you are thinking to switch your bank then, you can choose online banks that have few branches and charge low fees for the maintenance of your account. Compare and review maintenance, overdraft, and atm fees charged by the bank and then, decide which bank can meet all your needs. 

At the time of choosing the best bank, make sure your bank is offering you 24/7 accessibility

This is one of the important factors you need to keep in your head while finding the best bank for your money. The bank you are going to choose should offer the facility of online and offline banking so that you could manage your needs as per comfort and desire. Apart from the facility of online banking, your bank should also offer you impeccable in-personal services. When you are going to finalize your bank, do not forget to check ATM and branch accessibility. Otherwise, you may face inconvenience in getting your cash.  

Your bank should offer top-class customer service  

To check whether the bank is suitable or not as per your needs and expectations, you need to make some inquiries about their customer service support. If you are assured to be given 24/7 online support to answer any query or resolve any problem, then, it is good for you.  

List of the top best bank in the United States  – How To Choose the Best Bank 

  1. JPMorgan Chase Bank, National Association 
  2. Navy Federal Credit Union 
  3. Bank of America, National Association 
  4. Alliant 
  5. Wells Fargo Bank, National Association 
  6. American Airlines 
  7. Eastman 
  8. Logix 
  9. GreenState 
  10. United Nations 
  11. Ally Bank 
  12. Star One 
  13. KeyBank National Association 
  14. Wings Financial 
  15. Tinker 
  16. Pennsylvania State Employees 
  17. Fifth Third Bank, National Association 
  18. U.S. Bank National Association 
  19. Desert Financial 
  20. Police and Fire 
  21. Axos Bank 
  22. Delta Community 
  23. Citizens Equity First 
  24. Kinecta 
  25. Redstone 
  26. Patelco 
  27. Hudson Valley 
  28. Ent 
  29. Truist Bank 
  30. TIAA, FSB 
  31. Discover Bank 
  32. First Internet Bank 
  33. Huntington National Bank 
  34. State Employees Credit Union 
  35. Redwood 
  36. First Technology 
  37. Wright-Patt Credit Union, Inc. 
  38. Space Coast 
  39. Members 1st 
  40. BMO Harris Bank National Association 
  41. VyStar 
  42. Lake Michigan 
  43. PNC Bank, National Association 
  44. Bellco 
  45. First Citizens Bank & Trust Company 
  46. Bank Fund Staff 
  47. Regions Bank 
  48. Teachers Federal Credit Union 
  49. Valley National Bank 
  50. Security Service 
  51. Randolph-Brooks 
  52. Alaska USA 
  53. Arvest Bank 
  54. Flagstar Bank, FSB 
  55. OnPoint Community 
  56. Michigan State University 
  57. Suncoast 
  58. Manufacturers And Traders Trust Company 
  59. ESL 
  60. LendingClub Bank 
  61. Capital One, National Association 
  62. Zions Bancorporation, N.A. 
  63. Bethpage 
  64. America First 
  65. SchoolsFirst 
  66. TD Bank, National Association 
  67. Atlantic Union Bank 
  68. Bank of the West 
  69. DFCU Financial 
  70. MidFirst Bank 
  71. Golden 1 
  72. Fulton Bank, National Association 
  73. First Horizon Bank 
  74. Boeing Employees 
  75. IncredibleBank 
  76. Webster Bank, National Association 
  77. First Hawaiian Bank 
  78. Firstbank 
  79. Idaho Central 
  80. Pentagon Federal 
  81. Digital 
  82. San Diego County 
  83. Citibank, National Association 
  84. HSBC Bank USA, National Association 
  85. Quontic Bank 
  86. Synchrony Bank 
  87. USAA Federal Savings Bank 
  88. BOKF, National Association 
  89. Associated Bank, National Association 
  90. Comerica Bank 
  91. Citizens Bank, National Association 
  92. Investors Bank 
  93. First National Bank of Pennsylvania 
  94. Cathay Bank 
  95. TAB Bank 
  96. MUFG Union Bank, National Association 
  97. First National Bank of Omaha 
  98. MidFlorida 
  99. Washington Federal Bank, National Association 
  100. Mountain America 

Frequently Asked Questions 

What Factors Are Most Important When Choosing a Bank? 

The best bank should facilities mentioned below:- 

  • 24/7 accessibility to customer support and funds deposited on the account. 
  • The best bank must have online and offline banking services. 
  • It should have good offers and schemes that help customers to achieve their business and financial goals. 

When Is It Worth It To Switch Banks? 

When your bank does not offer a good customer care support system and also charges you annual, overdraft, and atm fees then, you can think to switch the bank. 

How Were the Top 100 Best Banks Chosen? 

There are various factors based on which the top 100 banks were chosen as the best banks across the US. Below you can see some important factors to choose the right bank for you. 

  • The annual fee for a checking account 
  • Total assets 
  • Accessibility to customer care support 
  • Product and services offered  

Final Note  

How To Choose the Best Bank? In order to help you choose the best bank to manage money and various other finance-related needs, we have shared some important facts to consider before you finalize a bank. Apart from this, here in the blog, you can also see the list of the top 100 banks in the United States.  


About the Author

Elina Themen

Elina Themen is a personal finance writer with over 20 years’ experience writing about investments, money management and financial planning. Her work has appeared on numerous news and finance websites including topbankingrates and more.

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