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If you live or work in Delaware, it’s important to find the right bank for your unique goals. Fortunately, there are plenty of options at your disposal.
In addition to its beautiful beaches, affordable housing, and historical landmarks, the First State is home to many reputable banks that are ideal for your personal or business finances.
11 Best Banks in Delaware
While some have local branches throughout the state, others are online only. To make your search for the ideal financial institution a bit easier, we’ve done the heavy lifting for you and listed the best banks in Delaware below.
SoFi makes a strong case for online banking in Delaware, especially with its high-yield Checking & Savings account.
Customers earn up to 3.80% APY on savings and 0.50% APY on checking, all with no monthly fees or balance requirements.
New customers may also qualify for a $50 to $300 bonus based on deposit activity.
You can get paid up to two days early with qualifying direct deposits and receive up to $50 in no-fee overdraft coverage.
SoFi provides access to over 55,000 fee-free ATMs through the Allpoint® Network and protects deposits with FDIC insurance up to $2 million. It’s a simple, flexible way to manage money while earning more on your balance.
TD Bank is a reliable option for Delaware residents seeking a full-service bank with in-person convenience and modern digital tools.
With branches in cities like Bear, Dover, Middletown, Newark, Rehoboth Beach, and Wilmington, it’s easily accessible throughout the state.
TD Bank offers a full lineup of personal and business banking products, including checking and savings accounts, personal loans, mortgages, IRAs, and business services.
The TD Convenience Checking℠ account is especially popular, and new customers may be eligible for a cash bonus when opening an account.
Students and young adults can benefit from no monthly maintenance fees, while other accounts offer fee waivers for meeting balance requirements.
TD also waives foreign transaction fees and provides a top-rated mobile banking app, making it a practical pick for both everyday banking and travel.
Upgrade is a top choice for Delaware residents who want to maximize rewards and savings without dealing with unnecessary fees.
Its Rewards Checking Plus and Performance Savings accounts provide an attractive alternative to traditional banks.
The Rewards Checking Plus account has no monthly fees, no overdraft fees, and no minimum balance requirement.
Customers who set up direct deposit can get paid up to two days early and earn up to 2% cash back on everyday debit card purchases.
Paired with the Performance Savings account, users can earn up to 4.02% APY—much higher than what most brick-and-mortar banks offer.
Both accounts are managed through a streamlined mobile app, making it easy to transfer money, pay bills, or check balances on the go.
Upgrade also offers access to over 55,000 Allpoint® ATMs, including convenient locations like Walgreens and CVS across Delaware. Through its partnership with Cross River Bank, all deposits are FDIC insured up to $250,000.
Barclays Bank operates a single U.S. branch in Wilmington, Delaware, but offers nationwide service through its highly rated online and mobile banking platforms.
While in-person access is limited, Delaware residents can still take advantage of Barclays’ full range of banking products from anywhere.
Barclays is best known for its high-yield savings accounts and competitive CD rates, often outperforming traditional banks in terms of interest earnings.
There are no monthly fees, and CD terms range from short to long, giving savers flexible options with minimal early withdrawal penalties.
Account holders can manage their money easily through Barclays’ secure online portal or mobile app. Customer support is available seven days a week, providing convenient access to help when needed.
For those who prefer digital banking and want strong returns on their savings, Barclays remains a reliable choice in Delaware.
M&T Bank has a strong footprint in Delaware, with branches in cities including Dover, Middletown, New Castle, Newark, Seaford, and Wilmington.
This makes it easy for residents to access in-person banking while still benefiting from a full suite of digital tools.
Customers can choose from four checking account options. EZChoice Checking is a solid pick for those who want a basic, no-fee account. MyWay Banking offers a checkless experience with no overdraft fees
For those interested in earning interest, MyChoice Plus and MyChoice Premium provide additional perks, including rate discounts on loans and access to other benefits.
M&T supports features like Zelle transfers, mobile deposits, and a well-designed mobile app. With its combination of physical branches, digital convenience, and flexible account options, M&T is a reliable choice for Delaware banking.
Artisans’ Bank has served Delaware since 1861. Today, it has 12 branch locations in the First State, as well as two commercial lending offices.
Artisans’ list of personal banking products includes checking accounts, savings accounts, money market accounts, debit cards, and branded credit cards with cash back rewards.
The bank also serves small businesses in Delaware with small business banking products such as business bank accounts, business credit cards, and business loans.
Even though Artisans’ is a local bank with a physical presence, it offers online banking services so you can manage your accounts online.
Community Bank Delaware is locally owned and managed. The bank focuses on personalized customer service and community support.
At Community Bank, you’ll find checking accounts, personal savings accounts, time deposits, personal loans, personal credit cards, mortgages, and home equity loans.
The bank also serves local small business owners with products to support their business operations, such as checking accounts, business savings accounts, business credit cards, and merchant services.
Additional banking solutions include online banking, wire transfers, cashiers checks, night depositary services, direct deposit, and safe deposit boxes.
PNC Bank is a national bank with over 30 branches in cities such as Bear, Dover, Newark, and Wilmington. Its deposit accounts and other products are designed to meet all your banking needs.
Virtual Wallet Spend is a combination checking and savings account with a generous sign-up bonus and features like online bill pay, free mobile banking, and a debit card.
While there is a monthly maintenance fee, you can avoid this monthly fee if you maintain a direct deposit balance.
PNC Bank also offers loans, such as mortgages, home equity lines of credit, auto loans, personal loans, student loans, and refinancing products. With the PNC mobile app, you’ll be able to oversee your accounts while you’re on the go.
Ally Bank is a popular online-only option for Delaware residents who want to avoid fees and earn more on their deposits.
With no monthly maintenance fees, no minimum balance requirements, and consistently competitive interest rates on savings accounts, money market accounts, and CDs, Ally is a strong alternative to traditional banks.
You can withdraw cash fee-free at over 43,000 Allpoint® ATMs nationwide, including locations inside major retailers. If you use an out-of-network ATM, Ally will reimburse up to $10 per statement cycle in ATM fees.
One standout feature is Ally’s “Savings Buckets” tool, which lets you divide your savings into different categories within the same account—like emergency fund, vacation, or car repairs
You can also turn on boosters like recurring transfers and round-ups to help you build savings automatically.
Ally combines ease of use, strong digital tools, and meaningful savings features, making it a great choice for those who prefer online banking without the fees.
Wells Fargo is one of the largest banks in the U.S. with no shortage of physical branches and ATMs throughout Delaware so you can easily deposit cash.
Just like most large banks, Wells Fargo offers a full suite of banking products, such as checking accounts, savings accounts, credit cards, home loans, personal loans, and auto loans.
Investment and retirement accounts as well as wealth management services are available too. You can invest on your own or take advantage of a financial advisor that will help you come with a personalized financial plan.
Whether you’re an individual or a small business owner, you’re bound to find what you’re looking for at Wells. If you open an account, you may be eligible for a cash sign on bonus.
WSFS Bank is a regional bank with deep roots in Delaware and a strong presence across Greater Philadelphia.
Headquartered in Wilmington, it operates branches in Delaware cities such as Dover, Middletown, Newark, Rehoboth Beach, and Seaford, offering convenient in-person banking throughout the state.
WSFS provides a full suite of personal banking services, including checking and savings accounts, personal loans, credit cards, and wealth management. Its CDs offer competitive rates that often exceed those found at larger national banks.
One standout option is the WSFS Bank Philadelphia Union Visa® Debit Card, which supports contactless payments and provides access to more than 670 ATMs in Delaware and the surrounding region.
Business customers can benefit from tailored services such as treasury management, merchant services, and commercial lending.
Whether you’re managing day-to-day finances or planning for long-term growth, WSFS Bank delivers a strong combination of personal attention and modern financial tools.
Types of Banks in Delaware
When it comes to managing your finances effectively, choosing the right type of bank can be the first step to success. In Delaware, you have several options to choose from. Here is a brief overview of each to help you identify the best banks in Delaware for your needs.
National Banks
National banks are large institutions with a presence not only in Delaware but also in many other states across the country. They offer a comprehensive range of products, including checking and savings accounts, retirement solutions, credit cards, and mortgages. Notable examples in Delaware include TD Bank, Wells Fargo, and PNC Bank.
Regional Banks
Regional banks operate in a specific part of the country, offering a wide variety of banking services. They are somewhat smaller than national banks but tend to offer more personalized services. In Delaware, you might come across regional banks like M&T Bank and Fulton Bank, which have a significant presence in the area.
Community Banks
Community banks primarily serve the local populations in Delaware, focusing on personal customer service and community development. Some popular choices are Community Bank Delaware and the Bank of Delmarva.
Credit Unions
Credit unions are member-owned financial institutions that offer banking services, often with lower fees and better interest rates compared to traditional banks. In Delaware, you have options like the Dover Federal Credit Union, and Del-One, which is Delaware’s largest credit union.
Online Banks
Online banks operate without physical locations in Delaware, thereby offering lower fees and higher interest rates due to reduced overhead costs. Prominent online banking options include SoFi, Upgrade, Ally, and the UK-based Barclays Bank, which serve Delaware residents with a range of online financial services.
How to Choose the Best Bank in Delaware
Choosing the right bank in Delaware can impact your financial success and day-to-day convenience. Here are the key factors to keep in mind:
Products and services: Look for a bank that offers what you need—whether that’s personal checking and savings, small business support, credit cards, or home loans.
Fees: Choose a bank that keeps fees low, especially on basic services. Make sure you understand any requirements for waiving monthly maintenance charges or ATM fees.
Customer service: A responsive and helpful support team can make all the difference. Prioritize banks known for quick, reliable service.
Accessibility: If you prefer in-person banking, consider how close the bank’s branches and ATMs are to your home or workplace.
Digital tools: A secure and easy-to-use mobile app is essential. You should be able to pay bills, deposit checks, and transfer funds without needing to visit a branch.
Local involvement: Some Delaware banks support community programs or donate to local causes. If that matters to you, it can be a deciding factor.
Reputation: Read reviews and ask for recommendations. High customer satisfaction scores are usually a good sign.
Security: Make sure the bank has strong safeguards in place to protect your data and deposits.
Taking the time to compare your options will help you find a bank that fits your lifestyle and financial goals.
Bottom Line
Delaware has plenty of banks and other financial institutions to help you meet your financial goals. Before you choose one, consider your priorities and weigh the pros and cons of all your options.
If you like an in-person banking experience, a community bank might make sense. On the flip side, if you prefer online and mobile banking, an online bank is likely the way to go. Good luck with your search for the best bank in Delaware.
Frequently Asked Questions
How do Delaware banks keep my money safe?
Most banks insure your deposits up to 250,000 with the FDIC or Federal Deposit Insurance Corporation. Other services like fraud protection can also give you some peace of mind for your linked accounts.
What are the most popular banks in Delaware?
The banks with the most branches in Delaware include PNC Bank, M&T Bank, and WSFS Bank. If in-person banking is important to you, these banks should definitely be on your radar.
Can I open a bank account in Delaware as a non-resident?
Yes. In most cases, you can open an interest earning account or business savings account even if you don’t live in Delaware. You’ll likely need an Individual Taxpayer Identification Number (ITIN).
