The Most Popular Bank In Each State For 2024 (2024)

The U.S. is home to thousands of banks, 2,146 of which hold assets of at least $300 million, according to the Federal Reserve. With so many options, it’s easy to get overwhelmed when trying to decide which bank is the best to trust your money with.

To make it easier, we’ve compiled a list of the most popular banks in each state, which can help give you a clearer picture of who customers in your area trust. You’ll find many well-known banks on our list. Some have few fees while others have rewards or high interest rates. Based on your needs, you can find a bank within your state that offers all the features you’re looking for.

Vault’s Viewpoint

• The popularity of each bank is determined by factors like its accessibility, trustworthiness and if it has competitive offerings.
• Choosing the right bank for you will depend on what your banking needs are.
• Banks with a large number of branches are more convenient for those always on the go.

Most Popular Bank By State

Why Are Some Banks More Popular Than Others?

There are banks in the U.S. with millions of customers. You probably recognize the big names: Chase, Capital One, Discover and a handful of others. What makes these banks so popular? There are a variety of reasons why these banks have come out on top.

Accessibility

There are many reasons that certain banks are more popular than others, but accessibility plays a crucial role. Since some banks only operate in certain regions and states, these banks tend to be most popular with those living nearby and less popular amongst those who don’t.

Because the location is critical, customers often favor banks with large ATM networks, many branches and easy-to-use online or mobile banking capabilities. These banks make managing your money more convenient and allow you to control your finances from just about anywhere.

Trust

Another significant factor in a bank’s popularity is how much trust its customers have in it. Banks with histories of superior customer service and a record of keeping customers’ money safe tend to have an edge in popularity over banks that don’t.

To know if a bank you’re considering is trustworthy, a simple Google search can uncover a lot. Customers aren’t shy about giving their opinions online, so a long list of positive reviews specifying why the bank is a good fit is a positive sign.

Money-Earning features

Banks with competitive offerings, like high savings account interest rates and low mortgage rates, appeal to a broader audience. Transparent terms, such as fees and loan conditions, also go a long way in attracting customers.

Few Fees

No one likes paying fees. So, banks with little to no fees, or at least clear ways to waive them tend to have better reputations and stronger relationships with customers.

How Should You Compare the Most Popular Banks?

To make sure you choose the right bank, you’ll want to start by considering what you’re looking for in a bank. For example, are you looking for a trustworthy bank to manage your day-to-day transactions? Or maybe a bank with a good reputation for getting customers the lowest personal loan rates?

Once you know what you’re searching for in a banking relationship, you can start comparing different banks. To figure out which is best for you, consider the following questions about each bank:

• How accessible is it?: Not all banks are available to people in all states, so you’ll want to double-check that the banks you are comparing are available to you. Plus you’ll want to consider whether or not the banks offer ATMs or branches near you and if they offer online banking. You’ll want to choose a bank that you can easily access, whether in-person or online, so you can stay in control of your finances.
• What fees does it charge?: Fees can vary widely between banks, so you’ll need to make sure the banks you’re considering fit your banking budget. To do so, review each bank’s disclosures closely for any mention of fees and note whether or not they can be waived.
• What accounts and services does it offer?: Each person’s banking needs are different and so are each bank’s offerings. You’ll need to be sure the banks you’re considering offer the types of accounts and services you need.
• What interest rates are available?: Interest rates should be considered carefully since the smallest difference in rate can have a big impact on your money. The higher the interest rate on interest-bearing accounts, the more you can make by keeping your money in that bank.
• What is the quality and availability of its customer service?: The quality and availability of a bank’s customer service can impact your overall experience banking with them. When vetting banks, research what options each bank has for helping you when you’re in need, whether online, in-person, through a live chat or over the phone.
• What is the bank’s reputation?: One of the best ways to predict your relationship with a bank is to research other people’s experiences. To learn about each bank’s reputation, read customer reviews online and ask trusted friends and family who have banked with them before.

Which Banks Have the Most Branches?

If banking in person is a convenience you can’t give up, you’ll want to find a bank with branches near you. Although you might be tempted to choose a small local bank, a larger bank could allow you to manage your finances no matter where in the world you are. If you travel often or are planning to move, this can come in handy.

According to the Federal Reserve, these ten banks have the most branches across the U.S.: