Best Banks in Florida in 2024

Chase is one of the largest banks in Florida, with hundreds of branch locations dotting the state. As the largest bank in the United States, you’ll find it has robust offerings and is easy to use nearly anywhere your travels take you nationwide. Be on the lookout for high fees and poor interest rates on savings, which is common for traditional banks with brick-and-mortar locations.

With bank accounts, credit cards, home loans, auto loans, and investing, there’s a good chance you could meet all your needs with a single banking relationship. You’ll also find Chase ATMs in many convenient locations, but be aware that you’ll pay fees for using non-Chase ATMs. Chase offers excellent customer service and is a good option for most Floridians looking for in-person banking through many available branches.

Types of accounts

• Checking.
• Savings.
• CDs.
• Credit cards.
• Home loans.
• Auto loans.
• Investments.
• Business banking.

Number of branches in Florida

Hundreds of branches in Florida and more than 4,900 nationwide.

SoFi is an online-only bank offering accounts to customers nationwide, including Florida. If you don’t need a bank branch for in-person customer service, you’ll likely find SoFi to be a good choice, thanks to high interest rates for savings and very low fees. With banking, credit cards, mortgage loans and investments offered, you may find all of your banking needs met with a single mobile app and online login.

There are no overdraft fees or minimum balance requirements. While SoFi won’t reimburse you when using out-of-network ATMs, it offers more than 55,000 fee-free ATMs in convenient locations through the Allpoint network. It’s not ideal if you regularly need to deposit cash, but it’s great for people who are paid through direct deposit and like to handle their finances online.

1. Up to $300 Bonus Tiered Disclosure New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. Full terms at sofi.com/banking. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC. SoFi members with Direct Deposit can earn 4.00% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Direct Deposit amount required to qualify for the 4.00% APY for savings (including Vaults). Members without Direct Deposit will earn 1.20% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 12/3/2024. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.
2. APY disclosures: SoFi members with Direct Deposit or $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 4.00% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Direct Deposit amount required to qualify for the stated interest rate. Members without either Direct Deposit or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.20% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Only SoFi members with direct deposit are eligible for other SoFi Plus benefits. Interest rates are variable and subject to change at any time. These rates are current as of 12/3/24. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.
3. Fee Policy: We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Checking & Savings Fee Sheet for details at sofi.com/legal/banking-fees/.

Types of accounts

• Checking.
• Savings.
• Credit card.
• Investments.
• Student loans.
• Personal loans.
• Mortgages.

Number of branches in Florida

None

Chime is an online-only bank offering simple checking, savings, and credit card products. Accounts are almost completely fee-free. The only charge for Chime checking and savings accounts is for using an out-of-network ATM. Otherwise, there are no minimums or fees to worry about. The savings account offers an interest rate well above the national average, but it’s not the top rate you’ll find if earning interest is your top priority. Users can overdraft up to $200, and there are no overdraft fees.

The Chime credit card is an interesting stand-out offering. It’s a secured credit card, meaning you must put down a cash deposit to cover your spending balance. But with that in mind, you can get the card even with no credit or bad credit, and you’ll never have to pay interest or annual fees while improving your credit. Additionally, Chime offers more than 60,000 fee-free ATMs and offers fee-free cash deposits at Walgreens stores.

Types of accounts

• Checking.
• Savings.
• Secured credit card.

Number of branches in Florida

None

PNC Bank is one of the largest banks nationwide, ranking in the top 10 by deposits, and operates 184 branches across Florida. As a large, diversified bank, it offers a range of accounts, including banking and lending options that could meet all of your needs with a single banking relationship. The PNC Virtual Wallet is a checking and savings account combo with useful online and mobile banking features, and it acts as PNC's flagship bank account option.

As with many other traditional banks with in-person branch locations, you’ll find minimum balance requirements to avoid monthly fees and interest rates below the top of the market. But it offers nearly anything someone would need from a bank with plenty of locations around the Sunshine State.

Types of accounts

• Checking.
• Savings.
• Credit cards.
• Home loans.
• Auto loans.
• Retirement.

Number of branches in Florida

184 in Florida and over 2,300 nationwide.

HSBC is a unique bank on this list, offering an array of banking services in the United States and abroad. It offers a single branch in the Miami/Fort Lauderdale area, but as most banking is easily handled online, it’s still a top choice for Florida households with international banking needs, including family or residences outside of the United States. The bank’s Global Money account is a one-of-a-kind checking account offering the ability to hold multiple foreign currencies at the same time.

HSBC offers accounts in the United States and more than 20 foreign countries, making it ideal for someone who regularly travels for work or maintains a foreign residence. In general, HSBC accounts are geared toward households with a high net worth and extensive HSBC relationships. However, it’s a top choice to consider for people with international banking needs and the ability to cover account fees.

Types of accounts

• Checking.
• Savings.
• CDs.
• Credit cards.
• Personal loans.
• Mortgages.
• Business banking.

Number of branches in Florida

1 in the Miami/Fort Lauderdale area.