Best Banks in Texas

Looking for the right bank in Texas? Don't miss this helpful guide to the best banks in the Lone Star State. Read on to see which is right for you.

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Bank of America Advantage Banking - $300 Bonus Offer

• The $300 bonus offer is an online only offer and must be opened through the Bank of America promotional page.
• The offer is for new checking customers only.
• Offer expires 01/31/2025.
• To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive Qualifying Direct Deposits* totaling $2,000 or more into that new eligible account within 90 days of account opening. Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer.
• Once all requirements are met, Bank of America will attempt to pay bonus within 60 days.
• Additional terms and conditions apply. See offer page for more details.
• *A Qualifying Direct Deposit is a direct deposit of regular monthly income – such as your salary, pension or Social Security benefits, which are made by your employer or other payer – using account and routing numbers that you provide to them.
• Bank of America, N.A. Member FDIC.

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Expires 1/31/2025

Member FDIC

Chase Total Checking® - $300 Bonus

• New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking^® account with qualifying activities
• With over 4,700 branches, Chase has the largest branch network in the U.S. plus access to more than 15,000 ATMs.
• Chase Mobile^® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
• JPMorgan Chase Bank, N.A. Member FDIC
• Open your account online now
• Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
• Chase Overdraft Assist℠ - no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*

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Member FDIC

Business Checking Account - $400 Bonus

• Earn $400 when you open a new small business checking account and complete qualifying activities.
• Choose between:
  • Truist Simple Business Checking—Perfect if you're just starting out or have low transaction volume.
  • Truist Dynamic Business Checking—With more perks as your balances grow—and a true, local partnership.
• New business checking clients only
• From October 1st, 2024 – March 31st 2025

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Expires 3/31/2025

Terms and Conditions

Offer Information: Open a new Truist Simple Business Checking or Dynamic Business Checking account online, phone, or in a branch from 10/1/2024 through 3/31/2025 and earn $400 by making Qualifying Deposits* of $2,000 or more into your new account within 30 days of account opening.

Enrollment in the promotion is required at the time of account opening using promo code SB24Q4BIZAFL to be eligible for a promotion reward. Refer to the Account Opening & Promotion Enrollment sections below for instructions.

*Qualifying Deposits for new business checking accounts exclude debit card credit transactions and NSF fee refunds. Deposits can be made on a one-time basis or cumulatively over the 30 days.

Offer Eligibility: You must be a new Truist business checking client. To be considered a new business checking client, the business cannot have an existing Truist business checking account or have closed a Truist business checking account within 180 days of the promotion start date (i.e., on or after 4/4/2024), with the same Taxpayer Identification Number (TIN), including but not limited to an Employer Identification Number (EIN). The business account holder must be 18 years or older at time of account opening. The account holder cannot be a non-resident alien. The business account holder must have a valid U.S. TIN. The business's physical address must be located in one of the following states: AL, AR, FL, GA, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, WV or DC.

Reward Processing: The reward will be deposited to the new business checking account within 4 weeks after the qualification requirements have been met and verified. The new business checking account must be open and in good standing with a balance of at least $0.01 at the time of Truist verification and until the reward is deposited to receive the reward. Only one newly opened business checking account per client is eligible to participate in this offer. Truist may report the value of any reward received to the IRS, as required by law. Any applicable taxes are the responsibility of the recipient.

Reward Forfeiture: Reward forfeiture will occur if: (1) the business checking account is changed to an account type not included in this offer, (2) the business checking account is closed prior to the reward being deposited, or (3) the new business checking account has a $0.00 or negative available balance at the time of qualification validation.

Other Terms: Minimum opening deposit is $100. A monthly maintenance fee is applicable for Truist Dynamic Business accounts whose combined average relationship ledger balance is less than $5,000; the monthly maintenance fee is waived for accounts with a combined average relationship ledger balance of $5,000 or more. See Truist's Business Deposit Accounts Fee Schedule for additional information.

The offer is non-transferable and may not be combined with any other offers. This offer is subject to change and may be discontinued at any time. Truist reserves the right, in its sole discretion, to disqualify any account if Truist suspects accounts are being opened for the purpose of exploiting this promotional offer. All promotional payouts will be processed no later than 9/30/2025, at which point this promotion and any related disbursements will be considered final, and no further disbursements will be made.

Online Account Opening & Promotion Enrollment Instructions: During the online application process, ensure the promo code SB24Q4BIZAFL is entered into the Promo Code field and accept the offer when presented. Accounts opened online without the Promo Code will not be eligible to participate in the offer.

Branch Account Opening & Promotion Enrollment Instructions: Visit your local Truist branch or call a Small Business representative and ask to open an eligible account and enroll you in the Truist Small Business Checking Affiliate Q4 2024 & Q1 2025 Offer using promo code SB24Q4BIZAFL. Once enrolled in the promotion, clients may receive promotional updates via the email address provided or by calling 800-709-8700.

Truist Bank, Member FDIC. ©2024, Truist Financial Corporation. Truist, Truist Purple and the Truist Logo are service marks of Truist Financial Corporation

Version 2 10172024 SB24Q4BIZAFL

Member NCUA

First Tech Rewards Checking® - Up to $300 Bonus

• New Direct Deposit Offer
  • New and existing account holders can set up qualifying direct deposits to earn a one-time bonus: $50 for $1,000–$5,000 per month or $300 for over $5,000 per month.
  • Direct deposits must meet the required amount for the bonus tier and occur at least once a month for three months.
• Earn up to 3.50% Annual Percentage Yield (APY)
• No minimum balance requirements and no monthly account maintenance fees
• Surcharge-free access at nearly 30,000 CO-OP network ATMs nationwide
• NCUA Insured

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Expires 1/31/2025

Texans have their own unique needs and requirements when it comes to banking.

But how do you choose the right bank with so many options out there?

This helpful guide will make finding the right bank in Texas quick and easy. Keep reading to see which one suits you best.

The Best Banks in Texas

To identify the best banks in Texas, we looked at a variety of important factors. Things we considered include what services they offer, their size and the number of branches they have, their reputation, and more.

Make sure to review the entire list to avoid missing out on the bank that fits you best.

Member FDIC

Chase Secure Banking℠ - $100 Bonus

• New Chase checking customers enjoy a $100 checking account bonus when you open a Chase Secure Banking℠ account with qualifying transactions. Open online or at any Chase branch.
• Set up direct deposit and you may get your money up to two business days early-exclusively for Chase Secure Banking℠ customers.
• No minimum deposit to open an account and get started plus no overdraft fees with a Chase debit card that helps you stay within your balance.
• No need to worry about overdraft fees - Chase Secure Banking℠ allows you to spend only the money you have available.
• Chase Secure Banking℠ customers told us they save an average of more than $40 per month on fees after opening their account.
• Pay bills, cash checks and send or receive money with Zelle^® with a Chase Secure Banking℠ account.
• Bank from anywhere with access to more than 15,000 Chase ATMs, more than 4,700 Chase branches, the Chase Mobile^® app and Chase.com.
• JPMorgan Chase Bank, N.A. Member FDIC.

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Expires 1/22/2025

Member FDIC

Bank of America® Business Advantage Banking Checking Account - $200 Bonus Offer

• The $200 bonus offer is an online only offer and must be opened through the Bank of America promotional page.
• The offer is for new eligible business checking customers only.
• Offer expires 12/31/2025.
• To qualify, deposit $5,000 or more in New Money* directly into a new eligible Bank of America Business Advantage Banking account within thirty (30) days of account opening.
• Maintain an average balance of $5,000 in that new Business Advantage Banking account during the Maintenance Period**.
• Once all requirements are met, Bank of America will attempt to pay bonus within 60 days.
• Additional terms and conditions apply. See offer page for more details.
• *New Money is new funds deposited into your business checking account that are not transfers from other Bank of America deposit accounts or Merrill investment accounts.
  
• ** The Maintenance Period begins thirty-one (31) calendar days after account opening and ends ninety (90) calendar days after account opening.
  
• Bank of America, N.A. Member FDIC

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Wells Fargo: Best Overall

While it may be a bit of a cliche at this point to say that people like things big in Texas, when it comes to banking, sometimes there's something to be said for going with big. And its size is one of the reasons we think Wells Fargo is the best choice overall for banking in Texas.

Why? Wells Fargo has 650 branches in Texas, along with 1,200 ATMs. That means that no matter where you are in the Lone Star State, wide as it may be, you'll always have access to your money as a Wells Fargo customer.

And going with a big bank has other perks too. Wells Fargo offers a range of personal banking services, from checking and savings accounts to home and auto loans, as well as being a top small business lender, according to the Small Business Association (SBA).^[1]

Chase: Best for Checking

Branches aren't all that make a bank, though Chase does have a lot of them--with over 200 locations in Texas, and over 600 ATMs. Not quite as many as Wells Fargo, but still an impressive number.

What makes Chase our top pick for checking in Texas is its extensive range of locations in combination with its sleek, easy-to-use mobile app. Because while Chase has done an excellent job of providing physical access, they have really focused on a smooth digital experience as well.

In addition to managing your checking account through the Chase app, you can send and receive money, pay bills, deposit checks, and plenty more.

Member FDIC

Chase Total Checking® - $300 Bonus

Open an Account

Expires 1/22/2025

• New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking^® account with qualifying activities
• With over 4,700 branches, Chase has the largest branch network in the U.S. plus access to more than 15,000 ATMs.
• Chase Mobile^® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
• JPMorgan Chase Bank, N.A. Member FDIC
• Open your account online now
• Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
• Chase Overdraft Assist℠ - no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*

Member FDIC

Chase Secure Banking℠ - $100 Bonus

Get $100 Coupon

Expires 1/22/2025

• New Chase checking customers enjoy a $100 checking account bonus when you open a Chase Secure Banking℠ account with qualifying transactions. Open online or at any Chase branch.
• Set up direct deposit and you may get your money up to two business days early-exclusively for Chase Secure Banking℠ customers.
• No minimum deposit to open an account and get started plus no overdraft fees with a Chase debit card that helps you stay within your balance.
• No need to worry about overdraft fees - Chase Secure Banking℠ allows you to spend only the money you have available.
• Chase Secure Banking℠ customers told us they save an average of more than $40 per month on fees after opening their account.
• Pay bills, cash checks and send or receive money with Zelle^® with a Chase Secure Banking℠ account.
• Bank from anywhere with access to more than 15,000 Chase ATMs, more than 4,700 Chase branches, the Chase Mobile^® app and Chase.com.
• JPMorgan Chase Bank, N.A. Member FDIC.

Chase Business Complete Banking® - $300 Bonus

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Expires 1/16/2025

• Earn $300 when you open a new Chase Business Complete Checking^® account. For new Chase business checking customers with qualifying activities.
• Multiple ways to waive the $15 Monthly Service Fee, including maintaining a minimum daily balance or purchases on your Chase Ink^® Business credit card.
• Full-service business banking. Convenient access to all your business banking services in one place -- lending, checking, credit card and payment solutions.
• Your choice of payment types. Choose from a full range of options for accepting payments and making deposits that include Zelle^®, Online Bill Pay, wire transfers and ACH payments.
• Convenient access to payment processing. Process all major debit and credit cards with QuickAccept^®. It's a built-in feature with your Business Complete Checking account.
• Get support you can rely on. Get access to our customer support team, plus a wide array of solutions that carter to every stage of your business
• Full-featured banking online and on-the-go. Manage your business' finances on your terms with the latest online and mobile banking technology.
• Associate Debit and Employee Deposit Cards available upon request

Member FDIC

Chase College Checking℠ - $100 Bonus

Get $100 Coupon

Expires 1/22/2025

• Enjoy $100 as a new Chase checking customer when you open a Chase College Checking℠ account and complete 10 qualifying transactions within 60 days of coupon enrollment.
• $0 Monthly Service Fee while in school up to the graduation date provided at account opening (five years maximum) for students 17-24 years old.
• Wire funds internationally using the Chase Mobile^® app or chase.com. Send money to recipients around the world with multiple currency options. Fees apply.
• Keep track of your money with confidence and control in the Chase Mobile^® app. The Chase Mobile app helps you bank securely and conveniently from anywhere.
• Zelle^® is available in more than 1,000 banking apps in the U.S. So, you can send and receive money from almost anyone you know and trust who has a bank account in the U.S.
• With over 4,700 branches, Chase has the largest branch network in the U.S. plus access to more than 15,000 ATMs.
• With Fraud Monitoring, Chase may notify you of unusual debit card purchases and with Zero Liability Protection you won't be held responsible for unauthorized debit card purchases when reported promptly.
• JPMorgan Chase Bank, N.A. Member FDIC

Chase Private Client Checking℠ - Up to $3,000 Bonus

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Expires 1/22/2025

• You're eligible for up to a $3,000 bonus when you open a new Chase Private Client Checking℠ account with qualifying activities.
• Speak with a Private Client Banker to open your Chase Private Client Checking℠ account today. Schedule your meeting at your nearest branch to get started.
• Priority service for everyday banking. Receive personalized attention from a dedicated Chase Private Client Banker and 24/7 access to a U.S. based banking service line.
• Earn $1,000 when you deposit $150,000 or earn $2,000 when you deposit $250,000 or earn $3,000 when you deposit $500,000.
• No fees at Chase and non-Chase ATMs worldwide.
• No Chase fee on incoming or outgoing wire transfers.
• Enjoy higher limits on Chase Private Client debit card purchases and ATM withdrawals, as well as higher Zelle^® and Chase QuickDeposit℠ limits.
• Preferred rates and perks which may make you eligible for a 0.25% auto rate discount and invitation-only events.
• Enhance your Chase relationship with access to a dedicated J.P. Morgan Private Client Advisor who can help create a personalized investment strategy.
• Deposit products provided by JPMorgan Chase Bank, N.A. Member FDIC. Deposit products are FDIC insured up to the maximum amount allowed by law.

J.P. Morgan Wealth Management is a business of JPMorgan Chase & Co., which offers investment products and services through J.P. Morgan Securities LLC (JPMS), a registered broker-dealer and investment adviser, member FINRA and SIPC. Insurance products are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. Certain custody and other services are provided by JPMorgan Chase Bank, N.A. (JPMCB). JPMS, CIA and JPMCB are affiliated companies under the common control of JPMorgan Chase & Co. Products not available in all states.

INVESTMENT AND INSURANCE PRODUCTS: • NOT A DEPOSIT • NOT FDIC INSURED • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY • NO BANK GUARANTEE • MAY LOSE VALUE

Rally Credit Union: Best Credit Union

If you'd prefer a credit union rather than a traditional bank, our pick is the Rally Credit Union. This Hispanic-American-owned credit union is only available to those who live, work, or go to school in South Texas county, with 22 branches across the state.

Through the Co-Op Shared Network, you get access to 30,000 free ATMs, and NavyArmy offers unlimited reimbursements on banking fees for out-of-network ATM transactions, as long as you meet their APY requirements.

If you're interested in signing up, it costs $25 to open a savings account with NavyArmy Credit Union, or $45 for both checking and savings.^[2] Plus, you can earn a generous APY on balances under $25k if you meet the requirements of their Liberty Checking Account. The minimum deposit is $20.

PNC Bank: Best for Checking and Savings

If you're looking for a bank that has outstanding options for both checking and savings, consider PNC Bank, which currently ranks as the sixth-largest financial institution in the state.^[3]

There is no minimum deposit to open a PNC Bank Standard Savings Account.

PNC does charge a $5 monthly service fee for a Standard Savings Account, but you can get it waived in several ways, such as keeping a minimum of $300 in your account. The fee is also waived for customers under 18.

PNC High Yield Savings account offers a competitive rate but is only available to certain markets. Their standard savings account interest rates are fairly low, so if you're looking for higher interest, you might consider a high-yield savings account with another bank.

With their online checking account, the PNC Bank Virtual Wallet, you can easily track deposits to your account, when you need to pay bills, and get warnings when you're at risk of overdrawing.

GECU: Best Community Financial Institution

GECU is a Texas-based credit union built to serve the Hispanic American community primarily in El Paso, where they've got 20+ branches. To join, you or a family member will need to live or work in El Paso County, Hudspeth County, or Dona Ana County.

They are CDFI (Community Development Financial Institution) certified, as well as a Juntos Avanzamos designated credit union, which means they're recognized as serving community residents regardless of income or immigration status.

Instead of a Social Security number, it's possible to join with an ITIN (Individual Taxpayer Identification Number)^[4] and they consider permanent resident cards, foreign passports, and Matricula Consular as valid forms of photo ID. Their minimum deposit is $20.

Their savings APY is relatively low and requires a daily minimum balance of $100. Higher rates of return can be found at online banks like Ally, if you qualify.

Bank of America: Best National Bank

Bank of America, one of the largest banks serving everyday customers in the U.S., is an excellent choice for Texans as well.

They require a higher minimum deposit compared to the other banks on this list, but there's a lot to be gained by signing up with a major bank like this one.

Customers of BofA get access to their thousands of ATMs and financial centers. You can also take advantage of a variety of checking, including the Bank of America Advantage Plus Banking® account.

Capital One: Best for Savings

While many of the highest savings rates are offered by purely online banks, customers who go with Capital One are able to sample the best of both worlds. With 77 branches across the state of Texas, spread across 40 cities, Capital One users should have no trouble finding a local branch location.

But thanks in part to their emphasis on modern banking, they also offer competitive interest rates through a number of savings accounts, CDs, and even interest-bearing checking accounts.

Capital One customers also have the option of getting their banking done at one of Capital One's unique cafes, such as the one in downtown Austin, where you can partake of food and drinks and relax as well as managing your finances.

Frost Bank: Best Customer Service

If you're looking for a Texas-based bank, Frost Bank is an excellent choice. With around 195 locations across the Lone Star State, this local bank is always nearby to serve you.

Beyond its strong presence in Texas, Frost Bank is renowned for exceeding customer expectations. They even ranked #1 in Retail Banking Customer Satisfaction in Texas, according to the J.D. Power 2024 U.S. Retail Banking Satisfaction Study.^[5]

Frost also offers a wide range of financial services, like checking, savings, loans, and investments. If you want to grow your funds, they have excellent savings options, including CDs with various terms, and competitive rates, and all you need is $1000 to start.

Types of Banks in Texas

Below are the different types of banks you'll find in Texas:

National banks
National banks, chartered and supervised by the U.S. Treasury, offer a wide range of financial products like banking, credit cards, loans, and investments. These banks typically provide convenient access to services with branches and ATMs across multiple states.

Regional banks
Regional banks, on the other hand, serve specific geographic areas such as a state or region. They have fewer branches than national banks but offer more personalized services.

Online banks
Online banks offer financial services without physical locations. Everything is handled through their website or mobile app, and you can usually withdraw cash at ATMs.

Without the cost of maintaining branches, online banks often provide higher interest rates, no service fees, and lower balance requirements.

Credit unions
Credit unions provide banking services such as checking and savings accounts, but focus on serving their members rather than making a profit. As member-owned institutions, they usually offer better savings rates and lower loan rates.

However, they have membership requirements and might offer fewer services than banks.

How to Choose the Best Bank in Texas

Just like you're laying down roots in Texas, your money also needs a financial home. Here's what to consider when choosing the right bank:

Accessibility
Convenience is key. Choose a bank with branches close to your home and work, so you have easy access to ATMs and in-person support.

Checking and savings accounts
Pick a bank with the accounts and features you need. For example, some banks' checking accounts may have overdraft assistance or free budgeting tools.

Monthly fees
Some banks (especially traditional banks) charge a monthly fee unless you maintain a certain minimum balance or meet other criteria. This doesn't have to be a dealbreaker, as long as you can easily meet the requirements.

Additional services
Looking for more than banking? Banks usually also offer credit cards, loans, investment tools, and small business products. Look into the bank's other services if you want a one-stop-shop.

How to Open a Bank Account in Texas

Opening a bank account in the US is pretty simple and straightforward. Here's how the process typically goes:

1. Go to the website or visit a physical branch of your chosen bank.
   
2. Complete the application form for your chosen product. You'll need to provide basic information such as your name, address, SSN, a valid ID, etc.
   
3. Submit your application and fund your account.

Remember, when opening an account with a credit union, you'll need to meet their membership requirements first.

Bottom Line

There are a lot of good banking options for residents of Texas. Those who spend a lot of time out of state moving around the country may prefer a more national bank like Wells Fargo, Bank of America, or PNC.

Immigrants and those who prefer to patronize local businesses may get more out of community-oriented institutions such as GECU and Rally Credit Union.

And those looking for a mix of digital and brick-and-mortar service would do well with modern banks like Chase and Capital One

References