10 Best Banks in New Jersey for 2025

Its strong branch network is supported by a solid online and mobile banking experience.

The Essential Bank Account is a standout option, featuring a $4.95 monthly fee that’s waived for customers ages 13 to 17.

There’s no minimum deposit or balance requirement, and the account has no overdraft fees.

New customers can earn a $200 bonus with qualifying direct deposits. TD Bank also offers competitive rates on savings accounts and CDs, providing flexible options for building your savings.

With 24/7 live customer support and a mix of digital tools and physical locations, TD Bank is a reliable everyday banking option for New Jersey residents.

There are no monthly fees, no minimums, and new customers can earn a bonus between $50 and $300, depending on the direct deposit amount.

You can get paid up to two days early with direct deposit, and if your balance dips, SoFi provides up to $50 in overdraft coverage with no fees for eligible accounts. Your money is also protected with up to $2 million in FDIC insurance.

For easy access to cash, SoFi gives you fee-free withdrawals at over 55,000 Allpoint® ATMs. With a solid mix of convenience, strong rates, and no hidden costs, it’s a smart choice for everyday banking.

The Rewards Checking Plus account comes with no monthly fees, no overdraft charges, and no minimum deposit requirement.

Customers can get paid up to two days early with direct deposit and earn up to 2% cash back on debit card purchases.

Pair it with the Premier Savings account to earn up to 4.02% APY on balances of $1,000 or more.

With a user-friendly mobile app and strong rewards, Upgrade is a solid option for anyone looking to manage their finances online without the extra costs.

Its flagship product, the Virtual Wallet checking account, comes with a $7 monthly fee that’s waived if you receive at least $500 in direct deposits or maintain a $500 combined balance.

The minimum opening deposit is just $25, and there’s no ongoing balance requirement.

New customers can earn a $50 bonus with the basic account, or upgrade to Virtual Wallet with Performance Spend or Performance Select to earn $200 or $400, respectively.

PNC also gives customers access to over 60,000 fee-free ATMs nationwide and offers competitive CD rates. Its mobile app includes built-in wealth management tools, making it a strong all-around banking option.

It has branches across New Jersey, including Clifton, Hackensack, Jersey City, Morristown, Newark, and Wayne.

New customers can earn a $250 bonus with the My Loyalty Checking account by setting up bill pay or receiving at least one qualifying direct deposit.

The account has no monthly maintenance fees, requires a $100 opening deposit, and offers up to $10 per month in out-of-network ATM fee reimbursements.

Valley also provides competitive rates on CDs and money market accounts. With business checking options and accounts tailored for teens and students, it’s a versatile choice for many New Jersey residents.

To become a member, you’ll need to meet certain criteria such as living, working, or studying in approved Philadelphia-area communities, being employed by one of their workplace partners, or being related to an existing member. Alternatively, you can join by becoming a member of the Kids-N-Hope Foundation.

Despite its limited branch presence, American Heritage Credit Union offers compelling reasons to consider membership.

Both individual consumers and small business owners can find excellent account options here, with access to over 30,000 ATMs nationwide without any fees.

The credit union doesn’t charge monthly fees for checking accounts, and there is no minimum opening deposit. If you happen to use an out-of-network ATM, the union will reimburse you for up to 10 such fees each month.

American Heritage Credit Union offers competitive rates on both savings accounts and CDs, providing strong returns for its members.

Additional benefits include competitive rates for auto and home loans, as well as a wide array of business banking services.

For individual account holders, Chase currently provides a $200 bonus for new Chase Total Checking account customers who set up direct deposit.

In terms of fees, there is a $12 monthly fee for the checking account, but this can be waived if you meet certain qualifications. There is no minimum opening deposit, and no need to maintain a minimum balance.

For business owners, Chase offers a host of benefits, including up to $500 in bonuses for opening a business checking account.

Their business credit cards also come with a $750 bonus cash back, given you meet certain qualifying activities. The bank also offers various types of business loans, from lines of credit to commercial financing options.

Convenience is a major strength. Customers have access to over 70,000 fee-free ATMs through the Allpoint and MoneyPass networks.

You can also deposit cash at Capital One ATMs, CVS, Walgreens, or Duane Reade locations.

Capital One stands out for its no-overdraft-fee policy. You can choose to have transactions declined, or link a savings or money market account for automatic transfers if your balance runs low.

There are no monthly maintenance fees, no minimum deposit to open an account, and competitive rates on savings accounts and CDs.

Select branches even feature Capital One Cafés with Wi-Fi, creating a comfortable space to manage your finances in person.

For those interested in opening a new savings account, Wells Fargo has an attractive offer as well. You can earn a $525 bonus if you deposit $25,000 into the account within the first 30 days and leave it there for at least 90 days.

Customers can also access their cash for free at over 12,000 Wells Fargo ATMs across the country.

The bank charges a $10 monthly fee for its checking accounts, but this can be easily waived by meeting certain conditions.

There’s no minimum deposit needed to open an account and no ongoing minimum balance requirements.

Wells Fargo also offers competitive rates on savings accounts and CDs.

The bank offers a wide range of services tailored to individuals and small businesses. Additionally, customers gain access to an expansive network of more than 2,000 domestic ATMs across the U.S.

One of Santander’s popular checking accounts is the Simply Right Checking, which provides all the essentials.

The account comes with a $10 monthly fee, but you can easily dodge this fee by making at least one transaction per calendar month. You’ll need a minimum deposit of $25 to open the account.

For those looking to save, Santander offers a savings account with no minimum balance requirement and just a $25 minimum opening deposit.

To complement its physical services, Santander also offers robust digital banking tools, including online and mobile banking capabilities.