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Best Banks in Texas

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Need some help finding great options for your banking needs in the Lone Star State? Consider our suggested options in our guide to your best banking options in Texas. 

Best Banks in Texas Near You:

  • Best Mobile and Online Services: Chase Bank
  • Best Personal Loans: BBVA
  • Best Life Services: Bank of America
  • Best Saving Services: CIT Bank
  • Best Checking Services: Wells Fargo
Current APY
0.01%
Minimum balance
No minimum balance required, but a monthly service fee may be charged below a certain account limit. Varies by account.
Checking Fees
$0 to $25 monthly depending on your balance.

Best Mobile and Online Services: Chase Bank

With nearly 16,000 ATMs and 4,900 branches across the country, the accessibility with Chase Bank is hard to beat. Chase is proud to serve nearly half of the country’s families with a broad range of personal services such as checking, savings, credit, mortgages, auto financing, investment advice and payment processing. 

Chase also offers services such as fund transfers and bill payment with easily-accessible online amenities through its own mobile app and website. You can use high-tech features such as facial recognition and fingerprint sign-in to keep your accounts safe. You’ll also see up to 24 months of transactions and up to 7 years of credit card statements with a tap of a finger. Instantly block new purchases, cash advances and transfers if you accidentally lose your card or it gets stolen.

Current APY
Premium Checking: 0.05%
Minimum balance
$4,000 balance to waive $19 service fee for Premium Checking
Checking Fees
Online Checking: $3 monthly service charge waived with paperless statements Premium Checking: $19 fee waived with a balance of $4,000 or $4,000 in qualifying deposits

Best Personal Loans: BBVA

BBVA is focused on transforming traditional banking services into a flexible way for you to get the financial opportunities you deserve. Through innovation, research and community involvement, BBVA has services for the individual, small business and commercial needs of its clients, just like you. 

To BBVA, nothing feels better than knowing exactly where you are with debt. A BBVA Express Personal Loan means you can consolidate your debt into a single payment and benefit from a competitive low-interest rate and monthly charge. You can get cash as soon as the same day as loan approval, no collateral needed. For this personal loan, offered terms range from 12 to 72 months. 

Current APY
0.01% to 0.06%
Minimum balance
$500
Checking Fees
$0 to $25 but can be waived

Best Life Services: Bank of America

Bank of America is focused on making your financial life better through the importance of connection and communication. It fulfills this purpose through a commitment to responsible environmental, social and governance leadership. Bank of America is an international leader in wealth management, investment banking and trading across a broad range of asset classes, institutions and individuals around the world. Bank of America can offer you day-to-day services to make your financial experience that much smoother, such as checking, savings, mobile banking, etc. 

Bank of America can support you with products and resources designed to help you and your loved ones make essential life decisions with less stress. Bank of America offers you the space to create a power of attorney, which can permit someone you trust to act on your behalf when filing taxes, selling property, refinancing a mortgage and depositing or cashing checks. 

Bank of America also provides joint accounts and estate services. Joint accounts allow you to handle your funds with a trusted family member or friend in the event that you cannot access or handle them yourself. Estate services through Bank of America allow you to handle someone else’s financial affairs with an experienced advisor. This is helpful knowing what to do next with the responsibility of a deceased loved one’s finances.  

Current APY
Up to 0.25%
Minimum balance
Minimum deposit of $100
Checking Fees
No monthly feesATM fees reimbursed up to $30 per month

Best Saving Services: CIT Bank

CIT Bank is a top-50 bank that aims to empower clients in their personal and business financial endeavors and make goals a reality. Top commercial banking amenities through CIT Bank include commercial financing, middle-market banking, equipment and vendor financing, factoring and asset management. CIT Bank offers personal banking services such as the eChecking account, fixed-rate mortgages and the Savings Builder account.

Saving services are made convenient with options such as money market accounts with competitive APYs and penalty-free certificates of deposit (CDs). CIT’s Money market accounts can allow you to earn 11 times the national average of savings with 24/7 security, and up to 6 transactions per payment cycle. Term CDs through CIT Bank come without maintenance or opening fees and come with daily compounding interest to maximize your saving potential. 

Current APY
Up to 0.03% on savings accounts
Minimum balance
$25
Checking Fees
$10

Best Checking Services: Wells Fargo

With free online budgeting tools, credit improvement options and simplified checking, Wells Fargo is a great choice to cover your banking needs. Free online tools through Wells Fargo are there to help you make better decisions by giving you personalized reports and monthly spending goals to stay in control of your budget. These budgeting tools also help you find informational resources and solutions to plan for your future. Credit improvement options such as a secured loan are offered through Wells Fargo to help you consolidate looming debt and build good credit from the ground up. 

Aside from helpful resources for building credit and keeping yourself on track with good budgeting habits, Wells Fargo is known for convenient and secure checking services that can be managed in person, online and on your phone. Pay bills, send money to virtually anyone with a U.S. bank account and check your balance using the Wells Fargo mobile app. 

Your Wells Fargo debit card comes with 0 liability protection, meaning you will be reimbursed for any unauthorized card transactions that you immediately report, for no extra cost to you. 

Frequently Asked Questions

Q: There seems to be an error on my checking account statement. What do I do? 

A: At most banks, you have 60 days from the date a problem or error appears on your periodic checking account statements or terminal receipt to contact your bank about it. Notify them in writing and keep a copy of the message in your personal records. You should also immediately check the account agreement you received when you first opened the account, it should tell you of any other way to resolve this kind of error. 

Q: Can the bank change the terms of my checking account?

A: Generally, a bank can change the terms of your checking account as long as the bank notifies you at least 30 days before the change is made to the fund availability policy, usually when the change affects your access to your funds. You’re likely to be notified of a change that speeds up the availability of your funds no later than 30 days after the change is made. 

Banking in the Lone Star State Made Easy 

We hope you feel more informed about your banking options while living in the state of Texas after reading our guide. Continue keeping yourself informed on essential financial matters with our other guides at Benzinga. Make sure to consider varying aspects of banking such as fees and subsequent services before choosing your online or in-person institution. 

Methodology

To determine the best banks in Texas, Benzinga analyzed over 100 banks and financial institutions. We gave weight to banks in Texas with co-op ATMs and cashback options. We also gave greater rankings to banks which offered the following: checking and savings accounts, online banking, personal loans, mortgages, educational resources and a mobile app.

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