1/16/2023
Florida is one of the states with one of the largest economies in the United States, and Florida is also one of the states with the largest population. These two factors make it home to the largest banks in the U.S. and the world.
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Entities that offer many products and services to individuals and businesses, and therefore we wanted to make the list of the 10 favorites of customers residing in Florida.
Although it is becoming more and more common to make online transactions in many occasions you have to go to a traditional bank, and the number of branches is still very high in the USA, especially in Florida.
TD Bank
TD Bank is a Canadian-owned bank that has more branches in the United States than in Canada. In Florida, it is not the largest bank or the bank with the most branches, but it is a customer favorite because of its good quality customer service.
TD Bank ranked first in customer service in the JD Power ratings.
Regarding Spanish-speaking customers TD Bank has stated that "Hispanics are an increasingly influential economic force, providing banks with the opportunity to do business, but also to grow and support their communities." This demonstrates that TD Bank takes the needs and influence of Latinos seriously and is working to provide solutions for Spanish speakers. The company has bilingual employees at many of its Florida branches.
TD Bank Convenience Checking requires no monthly fee if a balance of $100 or more can be maintained. Student checking accounts do not require a monthly fee.
Wells Fargo
One of the most popular banks in Florida and throughout the United States. Wells Fargo has the most branches in Florida with over 600 branches and more than 1,100 ATMs in Florida, making it a great choice for people who want full-service Internet banking, branches and ATMs.
Wells Fargo is one of the most traditional banks in the U.S. with more than 150 years of history, and is one of the most solid banking institutions in the country. It offers different financial services, such as mortgages, insurance, investment management and retail banking.
Wells Fargo has a web page in Spanish and a branch locator, among which the 521 branches in Florida are shown, with presence in most cities of the State.
Truist Bank
Truist Bank was born from the union of BB&T and SunTrust. And from this union was born the largest bank in Florida, ahead of Wells Fargo. It is the largest bank in Florida and the sixth largest bank in the United States.
From 2022 both banks started to work really united under the Truist Bank brand, as until 2022 each bank worked under its own brand.
The number of branches in Florida is about 730, where you can perform all the necessary operations and you can get attention in Spanish. Truist Bank branch office hours are 9 AM to 5 PM Monday through Thursday and 9 AM to 6 PM on Fridays, some branches are open on Saturdays from 9 AM to 12 PM.
Truist Bank has become the largest bank in Florida, surpassing Wells Fargo, with 730 branches and with the possibility of Spanish service.
You can sign up for a One Checking account Checking account at Truist as low as $50 with a low monthly fee of $12 that you can easily avoid.
BankUnited
BankUnited is a bank that is present only in New York and in the state of Florida. It is a large bank that pays good interest rates and specializes in the needs of people living in Florida. It offers checking and savings accounts, as well as credit cards and other products for individuals and small businesses.
Although BankUnited is a traditional bank specialized in personal and private banking, it has also adapted to technology and allows you to operate through its own App, especially helping individuals, small businesses and corporations to achieve their goals.
Its Relationship Checking account can be opened from a minimum deposit of $100 and the Value Checking account from only $50. So it is an ideal bank if you are looking for a bank in Florida that allows you to open an account for little money.
PNC Bank
For those who are looking for the best interest rates on savings accounts and live in Florida, you should choose PNC Bank. It is a bank focused on retail services for consumers and small businesses.
It is the bank that offers the highest savings account interest rate for accounts in this state, with an APY that can range from 0.01% to 0.06%. In addition, one of the most popular banking packages offered by PNC Bank is its Virtual Wallet package.
The Virtual Wallet package is a very practical solution for you to manage your money efficiently and easily. It is the Virtual Wallet account package, with which you have three different products that complement each other to manage your personal finances and get a high interest rate of up to 2.20% APY.
CIT Bank
CIT Bank operates as a subsidiary of CIT Group. It is considered one of the most important banks in the United States in terms of assets, it arises from the need to adapt traditional banking to the new times of the Internet, and although CIT Bank was born as a traditional bank, it is recognized throughout the country as an online bank.
CIT Bank is one of the largest banks in the country, and its great advantage is that it has very attractive accounts for individuals, with no monthly fees and interest payments.
Its range of products is reduced and designed to meet the needs of its customers, which is distinguished by having a smaller offer than other entities. They have 3 main categories:
- Savings accounts. With an APY that can reach 2.30% and an opening amount of only $100, they are a very attractive resource for those who are looking to get a good return on their savings.
- CDs. There are instruments with minimum deposits of $1,000 and APYs ranging from 1.30% to 2.40%. You can also opt for Jumbo CDs, starting with $100,000 and APYs ranging from 1.40% to 1.75%.
- Mortgages . They are known for their personalized attention, simple procedures, promotions and terms from 10 to 30 years to pay.
Fifth Third Bank
Fifth Third Bank is a large bank with more than 1,100 offices in the Midwest, with many offices in just 9 states, including Florida, where it has more than 100 branches. If you are looking for a large bank, with branch presence in any part of the state Fifth Third Bank is a great possibility to open an account.
It is a bank that has a great recognition in Florida for its customer service, highly recommended for those who want to deal directly with people.
In its portfolio for customers, it has personal banking, personal loans, commercial financing, consulting, credit cards, brokerage, leasing and other widely used banking products.
Chase Bank
Chase Bank is one of the largest banks in the United States with more than 5,000 branches and 17,000 ATMs nationwide. In Florida it is present with branches and a large number of ATMs.
The monthly fees on both their checking and savings accounts are fairly easy to avoid. Chase Bank is one of the best options in Florida in terms of ATM access and also provides a high quality mobile banking experience with Spanish language support.
Chase Bank's product range is very broad, if you are thinking about opening an account, Chase Bank's offerings are extensive so that every customer can get just the one they need.
Ally Bank
One of the most popular banks when asked by Florida residents is Ally Bank, it appears in all rankings of the best banks in Florida. Although it is not a branch-based bank, it is considered the best online bank in the US.
People who want to operate through the Internet can open an account at Ally Bank, it has a fast and simple platform to bring online banking to all people.
One advantage is that it offers a high interest rate of 0.50% APY with payment every month for the money in the accounts. The Interest Checking Account has no monthly fee, no transfer or check fees. A perfect account for anyone who wants to pay nothing and do their banking over the Internet.
Online banking customers deposit checks by taking a picture, get their cash at ATMs and open new accounts from their phone or computer. And without having to pay to operate at physical locations, online banks can often offer higher interest rates and lower fees on deposit accounts than their traditional competitors.
Although Ally Bank's online-only operation allows you to easily conduct all transactions remotely using your phone and camera, in return there are no costs and you receive higher interest rates.
First Horizon Bank
First Horizon Bank is the result of the merger of many small banks, including Florida banks such as Old Florida Bancshares (Orlando), Sabadell United Bank (Miami) and Gibraltar Private Bank (Miami), which is the reason for this bank's presence in Florida.
The Florida branches are mostly small banks with a very personalized customer service, and that is ideal for those who value customer experience and face-to-face service.
Their accounts have a monthly fee, but it can be avoided by fulfilling some conditions. You can open an account from $100 opening.
Its range of products is completed with credits, cards and mortgages.
Choosing the best bank in Florida
We have shown you the list with the 10 best banks in Florida according to customer reviews, but each customer needs different things and people who live in Tampa, Miami, Jacksonville and Orlando are more likely to have bank branches near their homes.
Depending on where the customer lives, one bank will be better or another, and it will also depend on the use they want to make of the bank and the products they need. It will not be the same to need a mortgage or a loan as begin a young person who only wants an account and to operate through Internet.
It is worthwhile to assess whether there is a branch nearby and compare the products and services you need to choose one bank or another in Florida.
Something as simple as checking account options can vary widely among Florida banks, with some offering interest options and others providing more options for free ATMs and branches.
Some things to consider:
- Number of branches and free ATMs: find out the number and location if you want to have one nearby.
- Checking account options: look at fees and interest rates.
- Customer service: check to see if the telephone and branch service is good and fast.
Español: Los 10 bancos más populares en Florida