With warm weather, coastal views, and no state income tax, Florida has more than a few perks. Whether you’re a longtime resident or new to the Sunshine State, finding a reliable bank can help you make the most of your finances.
From online-only options to community banks with strong local ties, Florida has no shortage of banking choices. We’ve reviewed the top contenders and narrowed it down to the best banks based on features, fees, accessibility, and customer experience.
12 Best Banks in Florida
We reviewed dozens of financial institutions to bring you the best banks in Florida. This list highlights the top options based on accessibility, features, fees, and overall value.
1. SoFi
SoFi makes banking easy for Floridians who want to earn more on their money without paying unnecessary fees.
2. TD Bank
TD Bank has a strong presence across Florida, with branches in 125 cities and towns, including Fort Lauderdale, Jacksonville, Miami, Orlando, St. Petersburg, Tampa, and West Palm Beach.
3. Upgrade
Upgrade offers Florida residents a convenient online banking experience with no monthly fees, cash-back rewards, and high-yield savings.
4. Regions Bank
Regions Bank has more than 300 branches and 500 ATMs across Florida, with locations in cities like Fort Lauderdale, Gainesville, Jacksonville, Miami, Naples, Orlando, Pensacola, Sarasota, Tallahassee, and Tampa.
5. Current
Current is a mobile-focused financial platform that offers a modern approach to everyday banking—ideal for Floridians looking for speed, flexibility, and crypto access.
6. PNC Bank
PNC Bank is one of the largest traditional banks in the U.S., with nearly 200 branches throughout Florida.
7. Chase Bank
Chase Bank has more than 400 branches across Florida, including locations in cities like Fort Lauderdale, Jacksonville, Miami, Orlando, St. Petersburg, and Tampa.
8. Bank of America
Bank of America is a national bank with nearly 500 branches across Florida and plenty of ATMs available nationwide. Its handy mobile app facilitates seamless transactions on the go, including cashing checks and paying bills.
9. Fifth Third Bank
Fifth Third Bank is a regional bank that was recognized by J.D. Power for the great banking experience it provides in Florida. It has numerous branches in Bradenton, Lakeland, Sarasota, Fort Myers, Naples, Apopka, and other cities throughout the state.
10. EverBank
EverBank is the largest regional bank in the state. You can find its financial centers in Jacksonville, Clearwater, Boca Raton, Coral Gables, Fort Lauderdale, and Fort Myers.
11. Raymond James Bank
Raymond James Bank is an affiliate of Raymond James, which is a financial company with headquarters and one branch location in St. Petersburg.
12. Wells Fargo
Wells Fargo is a major financial institution with more than 600 branches and thousands of ATMs throughout Florida. At Wells Fargo, you’ll find a full suite of products and services, such as checking accounts, savings accounts, credit cards, personal loans, and mortgage loans.
Types of Florida Banks
Choosing the best bank in Florida depends on what you personally prefer. You have several options, including big national banks, regional banks, smaller community banks, online banks, and credit unions. Here, we break down what each one offers:
National Banks
National banks are common in larger cities throughout Florida. If you’re looking for a wide range of services, you’re sure to find them at national banks, such as Chase Bank, PNC Bank, Wells Fargo, and Truist Bank.
Regional Banks
Regional banks have branches in certain regions of the U.S. In most cases, these banks are mid-sized and offer a good mix of personal and business banking products. A few examples of regional banks in the state include Fifth Third Bank, PNC Bank, and EverBank.
Community Banks
Community banks are smaller and only serve people in certain areas. They focus on giving personal service and helping out in their local community. A couple of examples of community banks in the state are Capital City Bank, Seacoast Bank, and Community Bank of the South.
Online Banks
Online banks don’t have physical locations in Florida but serve individuals and businesses with online banking services. Since they have less overhead costs than brick-and-mortar banks, online banks tend to offer more competitive interest rates and minimal to no fees. If you’re comfortable with the internet or mobile apps, online banks like SoFi, Capital One, Upgrade, and Discover can be a great choice.
Credit Unions
Credit unions operate with a member-focused philosophy, often offering competitive interest rates and lower fees compared to other financial institutions. They emphasize personalized service and often engage in community outreach efforts, fostering a closer relationship with the members. Examples of popular credit unions in Florida include SunCoast Credit Union, VyStar Credit Union, and Space Coast Credit Union.
How to Choose the Best Bank in Florida
Identifying the best banks in Florida involves considering various factors that pertain to your individual financial needs and habits. Here we lay down some critical aspects to keep in mind:
- Financial products and services: It is important to opt for a bank that caters to your individual financial needs, that offers a diverse range of products and services, including personal and business banking, credit cards, and mortgage loans.
- Fees and charges: Carefully scrutinize the fees and charges applicable for various services. Ideally, choose a bank with low or no fees for basic services, to minimize your expenses.
- Branch and ATM accessibility: Consider the geographical distribution of the bank’s branches and ATMs in Florida, and whether they are conveniently located in proximity to your residence or workplace.
- Customer service: Pay attention to the quality of customer service the bank offers. This involves considering their responsiveness, the availability of personalized services, and feedback from other customers.
- Digital capabilities: Assess the usability of the bank’s mobile app and online banking platform to ensure they offer a secure and convenient user experience.
- Community engagement and reputation: Research the bank’s involvement in community initiatives and its overall reputation in the Florida market to ensure that your choice aligns with a bank having a positive impact in the region.
Remember, the best bank for you should align well with your financial habits and goals, providing you with the optimal tools and services to manage your finances efficiently.
Bottom Line
In our exploration of the best banks in Florida, it’s evident that there are a plethora of options suited to various financial needs. From prominent national banks to localized community banks, online platforms, and credit unions, there’s something for everyone.
When choosing a bank in Florida, consider factors like branch accessibility, product lines, and associated fees. By understanding your priorities, be it advanced banking technology, community ties, or stellar customer service, you can find the right fit. Good luck in your search for the best bank in Florida.
Frequently Asked Questions
What are the largest banks in Florida?
The largest banks in the Sunshine State include Bank of America, Wells Fargo, and Fifth Third Bank. These banks have many branches throughout the state.
What is the best bank for in person service?
Florida offers many great options if you prefer an in-person banking experience. You might want to consider Regions Bank, EverBank, or Raymond James Bank.
How do I open a bank account in Florida?
Most banks and credit unions allow you to open a deposit account online, from the comfort of your own home or office. Be prepared to make a minimum opening deposit and provide basic personal information, like your name and Social Security number.
What is the best local bank in Florida?
There are many local banks in the Sunshine State that each come with their own benefits and drawbacks. Several options you might want to explore include Florida Shores Bank, Seaside Bank and Trust, and One Florida Bank.
What is the best credit union in Florida?
Some of the best credit unions in Florida, based on their reputation for excellent customer service, a wide range of financial products, and community involvement, include:
- Suncoast Credit Union: Appreciated for low fees, competitive rates, and a community-centric approach.
- VyStar Credit Union: Known for excellent customer service and a comprehensive line of products, serving a vast region in Florida.
- Fairwinds Credit Union: Located in Orlando, it is famed for exceptional local service and various products to cater to member needs.
- Space Coast Credit Union: Holds a strong footing in Florida by providing competitive rates and a diverse line-up of products to satisfy a wide membership base.
- Grow Financial Federal Credit Union: Preferred for its modern banking solutions and a robust online platform.
