If you’re new to the United States or simply looking to switch banks, you’ll need to know which banks offer the best options for your financial needs. From brick and mortar banks to online-only options, there are plenty of choices available. In this article, we’ll take a look at the best banks to open an account with in the USA, so you can make an informed decision and manage your finances effectively.
Brick and Mortar Banks
Brick and mortar banks have been around for centuries and are still a popular option for many people. These banks have physical locations, allowing you to deposit and withdraw cash, speak with a representative, and get help with your accounts in person. Here are some of the best brick and mortar banks to consider:
1. Chase
Chase is one of the largest banks in the United States, with more than 4,700 branches and 16,000 ATMs nationwide. They offer a range of checking and savings accounts, as well as credit cards, mortgages, and investment services. You can also use their mobile app to manage your accounts.
2. Bank of America
Bank of America has more than 4,000 branches and 16,000 ATMs across the United States. They offer checking and savings accounts, credit cards, mortgages, and investment services. Their mobile app also allows you to manage your accounts on the go.
3. Wells Fargo
Wells Fargo has over 7,000 branches and 13,000 ATMs across the United States. They offer checking and savings accounts, credit cards, mortgages, and investment services. Their mobile app also allows you to manage your accounts and deposit checks.
Online-Only Banks
If you prefer to do your banking online, there are plenty of options available. Online-only banks offer many of the same services as brick and mortar banks, but without the need to visit a physical location. Here are some of the best online-only banks to consider:
1. Ally Bank
Ally Bank is an online-only bank that offers checking and savings accounts, credit cards, mortgages, and investment services. They have no monthly maintenance fees and offer competitive interest rates.
2. Chime Bank
Chime Bank is an online-only bank that offers checking and savings accounts, as well as a debit card with no foreign transaction fees. They have a mobile app that allows you to manage your accounts and receive alerts about your spending.
3. Capital One 360
Capital One 360 is an online-only bank that offers checking and savings accounts, credit cards, mortgages, and investment services. They have no monthly maintenance fees and offer competitive interest rates.
Credit Unions
Credit unions are non-profit organizations that are owned by their members. They offer many of the same services as banks, but often have lower fees and interest rates. Here are some of the best credit unions to consider:
1. Navy Federal Credit Union
Navy Federal Credit Union is the largest credit union in the United States, with over 300 branches and 30,000 ATMs nationwide. They offer checking and savings accounts, credit cards, mortgages, and investment services. They also have a mobile app that allows you to manage your accounts.
2. Alliant Credit Union
Alliant Credit Union offers checking and savings accounts, credit cards, mortgages, and investment services. They have no monthly maintenance fees and offer competitive interest rates. They also have a mobile app that allows you to manage your accounts and deposit checks.
3. Golden 1 Credit Union
Golden 1 Credit Union is based in California and has over 70 branches and 30,000 ATMs nationwide. They offer checking and savings accounts, credit cards, mortgages, and investment services. They also have a mobile app that allows you to manage your accounts and deposit checks.
Conclusion
When it comes to choosing the best bank to open an account with in the USA, there are plenty of options available. Whether you prefer a brick and mortar bank, an online-only bank, or a credit union, it’s important to find a bank that meets your financial needs and offers the services you require. By considering the options listed in this article, you’ll be well on your way to managing your finances effectively and achieving your financial goals.