Key Smart Checking® from KeyBank offers no monthly fees or minimum balance requirements, making it affordable. It provides convenient online and mobile banking features, including mobile check deposit and contactless payments. With a large network of ATMs and overdraft protection options, it's ideal for tech-savvy and budget-conscious users.
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Best for checking
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Best for savings
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Best for business
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Chase Total Checking® (Nationwide)
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SoFi Checking & Savings (Nationwide)
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Chase Business Complete Checking® (Nationwide)
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- Bonus Offer: $300
- Minimum Deposit: $500
- Direct Deposit: Yes
- Expiration Date: 1/22/25
- Bonus Offer: $325
- Minimum Deposit: $1,000-$5,000
- Direct Deposit: Yes
- Expiration Date: 12/31/24
- Bank Bonus: $300
- Minimum Deposit: $2,000
- Direct Deposit: No
- Expiration Date: 1/16/25
We encounter artificial intelligence (AI) more often in our daily lives than you might think. From content writing programs to banking applications, AI is part of the engine that moves the world.
Did you know that AI’s worth in banking is expected to reach $78 billion by the year 2030? Who knows what else the future might bring regarding banking with AI?
Until then, there are several banks you can work with to achieve your financial goals. The best banks in New York know that banking is more important than ever in a city that doesn’t sleep.
Our list of the best banks in New York includes several you’re probably familiar with and likely a few new faces. You can use these banks to manage your finances and obtain support through credit cards, loans, and retirement accounts.
Are you ready to learn more about the best banks in New York? Let’s get started!
Best Banks in New York
Based on our research, these are the best banks in New York.
Best Checking Accounts in New York
When searching for the best checking account in New York, you want to make sure you're getting the most out of it. That means keeping an eye out for low fees, great customer support, and easy access to free ATMs nearby.
And if you happen to find an account that also earns you some interest on your money, well, that's even better! So, keep these factors in mind as you explore your options and find the checking account that suits you best in New York.
Here are the details on our picks for the best checking accounts this month.
Key Smart Checking® from KeyBank offers no monthly fees or minimum balance requirements, making it affordable. It provides convenient online and mobile banking features, including mobile check deposit and contactless payments. With a large network of ATMs and overdraft protection options, it's ideal for tech-savvy and budget-conscious users.
- More than 15,000 ATMs and 4,700 physical locations
- New customers can qualify for a $300 intro bonus
- User-friendly online and mobile banking tools
- No minimum deposit to open
- Chase Overdraft Assist and Zero Liability Protection
- Grow your money with the highest APY on your balances
- Member FDIC, up to $2M of additional FDIC insurance
- No account fees or balance minimums
- Earn up to $300 with qualifying direct deposit, terms apply
- No. Fees. Period.
- Get up to $30 in other bank's ATM fees reimbursed per month
- .25% APY on balances over $25K
- Build credit with everyday purchases
- No annual fees
- No credit checks or history required to apply
- Get up to a $500 paycheck advance anytime
- Get paid up to 2 days faster
Best Savings Accounts in New York
The best savings accounts in New York have high annual percentage yields (APYs), allowing your money to grow more over time. Look for accounts with competitive APYs to make the most of your savings.
Here are the details on our favorite savings accounts this month.
- APY: 4.00%
- Minimum to Earn APY: $1
- Up to $325 welcome bonus for new accounts
Best Bank Promotions in New York
Bank account bonuses and promotions often offer attractive cash bonuses when you establish a new checking or savings account. If you're looking for the best bank bonuses in New York, it's important to note that these bonuses are typically awarded as one-time perks.
To be eligible for such rewards, you will typically need to arrange for direct deposit with the bank and maintain the account for a minimum duration, often a few months.
Here are the details on the best bank account bonuses this month.
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Best for checking
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Best for savings
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Best for business
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Chase Total Checking® (Nationwide)
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SoFi Checking & Savings (Nationwide)
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Chase Business Complete Checking® (Nationwide)
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- Bonus Offer: $300
- Minimum Deposit: $500
- Direct Deposit: Yes
- Expiration Date: 1/22/25
- Bonus Offer: $325
- Minimum Deposit: $1,000-$5,000
- Direct Deposit: Yes
- Expiration Date: 12/31/24
- Bank Bonus: $300
- Minimum Deposit: $2,000
- Direct Deposit: No
- Expiration Date: 1/16/25
The best banks in the Big Apple offer several perks, from convenient ATM and physical branch locations to online and mobile banking. Check out the banks below to see which offer the best bank account bonuses with direct deposit required and perks you need to bank better in the 21st century.
1. KeyBank (Our Pick)
Key Smart Checking® from KeyBank is one of the best checking account options available to New York residents. With no monthly maintenance fees and no minimum balance requirements, it’s designed for simplicity and convenience.
New customers can earn a $300 bonus by opening an account online by May 16th, 2025, making a $10 minimum deposit, and completing one single eligible direct deposit of $1,000 or more within the first 60 days. This is one of the simplest bank account bonuses to score.
This account offers several perks, including free access to KeyBank and Allpoint® ATMs nationwide, overdraft protection with no transfer fees when your checking account is linked to an eligible KeyBank credit or savings account, and you may be able to get paid up to two days early with Early Pay.
Additionally, the EasyUp® feature can help you build up savings or pay down debt without even thinking about it.
Key Smart Checking® also provides robust online and mobile banking services, allowing you to deposit checks, pay bills, and manage your account securely from anywhere. Enjoy added security and convenience with a KeyBank Debit Mastercard®.
You can find more information about fees and availability on KeyBank's official website.
Key Smart Checking® from KeyBank offers no monthly fees or minimum balance requirements, making it affordable. It provides convenient online and mobile banking features, including mobile check deposit and contactless payments. With a large network of ATMs and overdraft protection options, it's ideal for tech-savvy and budget-conscious users.
2. Chase
With its robust online and mobile banking platforms, Chase provides convenient banking solutions to its customers. With over 100 branch locations, it holds the largest number of branches in New York City.
In addition, Chase has a vast network of ATMs across New York. The bank offers various financial products and services, including checking and savings accounts, CDs, and money market accounts.
One of Chase's notable checking account options is the Chase Total Checking® account, which offers features like Venmo and Zelle integration for easy money transfers. While this account has a $12 monthly fee, you can avoid it by having $500 in direct deposits or maintaining a balance of $1500 or more.
Chase also caters to business banking needs, providing tailored services and solutions to entrepreneurs and businesses with the Chase Business Complete Checking® account.
Customers can also benefit from Chase's credit cards and loan options and a multitude of sign-up bonuses.
Below is a table highlighting the current sign-up bonus opportunities (up to $3,000 in bonuses) from Chase for New York residents:
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Earn $300 bonus
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Earn $3,000 bonus
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Earn $300 bonus
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Earn $100 bonus
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Earn $100 bonus
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A versatile business checking account offering a $300 bonus and multiple ways to waive the monthly fee.
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A premium checking account offering personalized services and exclusive benefits for high-balance customers.
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A flexible checking account with a $300 bonus and easy ways to waive fees.
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A straightforward checking account offering a $100 bonus and no overdraft fees.
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A student-friendly checking account offering a $100 bonus and no monthly fees while in school.
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- Comprehensive business checking account with essential features.
- Earn a $300 bonus by meeting qualifying activities.
- $15 monthly fee, waivable with qualifying activities.
- Unlimited electronic deposits and up to 20 free teller transactions monthly.
- Access to over 16,000 ATMs and 4,700 branches nationwide.
- Premium checking account with personalized services.
- Designed for individuals with $150,000+ in qualifying balances.
- Earn up to $3,000 in sign-up bonuses.
- No Chase fees with qualifying balance requirements met.
- Access to exclusive perks and dedicated support.
- Essential checking account with convenient access.
- Earn a $300 bonus with $500+ in direct deposits.
- $12 monthly fee, waived with qualifying activities.
- Access to 15,000+ ATMs and 4,700+ branches.
- Includes Chase Overdraft Assist℠ for added protection.
- Basic checking account with no overdraft fees.
- Earn a $100 bonus with qualifying transactions.
- $4.95 monthly fee, waivable with qualifying electronic deposits.
- No fees for money orders or cashier’s checks.
- Access to over 15,000 ATMs and 4,700 branches.
- Designed for students aged 17-24 enrolled in college or vocational programs.
- Earn a $100 bonus by completing 10 qualifying transactions within 60 days.
- No monthly service fee for up to five years while in school.
- Access to over 15,000 ATMs and more than 4,700 branches nationwide.
- Includes Chase Overdraft Assist℠ for added protection.
3. Brooklyn Cooperative Federal Credit Union
Individuals who live, work, attend school, worship, or volunteer in specific districts of Brooklyn and Queens can become Brooklyn Cooperative Federal Credit Union members. The credit union welcomes residents of various Brooklyn localities, including:
- Bedford-Stuyvesant
- Bushwick
- East New York
- Prospect Heights
- Crown Heights
- Weeksville
- Wingate
- Prospect Lefferts Gardens
- Ocean Hill
- Brownsville
Residents of Maspeth, Middle Village, Glendale, and Ridgewood in Queens are also eligible for membership. There are two Brooklyn Cooperative Federal Credit Union branches in Brooklyn.
If you want to become a member, you must open a shared savings account with a $25 minimum deposit. Out of this amount, $5 is a one-time membership fee, while the remaining $20 goes directly into the member's savings account.
Brooklyn Cooperative Federal Credit Union doesn’t charge a $6 monthly fee unless your account balance falls below $1200. Membership includes benefits like free online bill pay, unlimited debit transactions, and four free ATM withdrawals per month.
Key Smart Checking® from KeyBank offers no monthly fees or minimum balance requirements, making it affordable. It provides convenient online and mobile banking features, including mobile check deposit and contactless payments. With a large network of ATMs and overdraft protection options, it's ideal for tech-savvy and budget-conscious users.
4. Genesee Valley Federal Credit Union
Genesee Valley Federal Credit Union often provides credit union promotions, offering special deals and benefits to its members as part of its commitment to customer satisfaction. Genesee Valley Federal Credit Union conveniently operates branches in Dansville, Geneseo, and Warsaw.
Genesee Valley Federal Credit Union offers a unique Fresh Start Checking account that caters to individuals with previous financial challenges. With this account, customers can upgrade to a standard account after six months if they maintain good standing by avoiding overdrafts and insufficient funds.
While the Fresh Start Checking account does not have a monthly minimum balance requirement, it does incur a low monthly fee. Customers are required to make an initial deposit of $5 into a savings account to obtain membership.
Key Smart Checking® from KeyBank offers no monthly fees or minimum balance requirements, making it affordable. It provides convenient online and mobile banking features, including mobile check deposit and contactless payments. With a large network of ATMs and overdraft protection options, it's ideal for tech-savvy and budget-conscious users.
5. HSBC Bank
HSBC Bank is a top choice for customers seeking exceptional customer service. With convenient features like mobile and web chat, HSBC ensures easy accessibility for its customers and is FDIC-insured.
Customers can even reach out to the bank's official Twitter account for quick responses to their queries. The bank's mobile app also receives high ratings.
HSBC Bank offers various account options, including savings accounts, CDs, credit cards, loans, and investment accounts. This bank provides easy methods to waive monthly fees.
For customers looking to maintain a large balance, HSBC's Premier Account offers the opportunity to earn interest on their funds. Additionally, the bank provides rebates for out-of-network ATMs.
Key Smart Checking® from KeyBank offers no monthly fees or minimum balance requirements, making it affordable. It provides convenient online and mobile banking features, including mobile check deposit and contactless payments. With a large network of ATMs and overdraft protection options, it's ideal for tech-savvy and budget-conscious users.
Founded in 1933, Navy Federal Credit Union (NFCU) is based in Virginia but offers several branches in New York. NFCU provides many financial services and products to all branches of the armed forces and their families.
You can choose from deposit accounts, personal loans, IRAs, credit cards, and investment accounts with NFCU. Here are four of the most common checking accounts you can open:
- Free Active Duty Checking: This account reimburses up to $240 in ATM rebates annually. Free Active Duty Checking is an interest-bearing account that lets you access your paycheck a day early with no minimum balance requirements.
- Free Campus Checking: For members 14 to 24, NFCU offers Free Campus Checking. Like the Free Easy Checking account, you get $120 per year in ATM rebates, and minimum deposits are not required.
- Free Everyday Checking: This basic account has a lower APY than other NFCU accounts and doesn’t come with ATM fee reimbursements.
- Flagship Checking: As the highest-earning checking account, Flagship Checking requires you to keep $1,500 and enroll in direct deposit to earn up to $120 in ATM rebates. You can avoid the monthly fee with a $1,500 balance, too.
Navy Federal Credit Union also offers credit cards, CDs, and money market accounts. If you're a member of the armed forces or a close family member, check out NFCU.
Key Smart Checking® from KeyBank offers no monthly fees or minimum balance requirements, making it affordable. It provides convenient online and mobile banking features, including mobile check deposit and contactless payments. With a large network of ATMs and overdraft protection options, it's ideal for tech-savvy and budget-conscious users.
7. People’s Alliance Federal Credit Union
People's Alliance Federal Credit Union offers membership to individuals who meet specific requirements, with many members residing within designated geographical boundaries. Additionally, those employed by an organization affiliated with the People's Alliance network are eligible to join.
The credit union operates branches in various locations, including:
- Jamaica
- Brooklyn
- Westbury
- Ronkonkoma
- Yonkers
- Hauppauge
- JFK Airport
People's Alliance Federal Credit Union provides various checking account options for different needs. These options include PAFCU Standard Checking, Golden Checking, Business Checking, and Checking Plus.
With no minimum balance requirements or monthly fees, these accounts offer flexibility and affordability. Customers also enjoy free starter checks, direct deposit, and overdraft protection.
Key Smart Checking® from KeyBank offers no monthly fees or minimum balance requirements, making it affordable. It provides convenient online and mobile banking features, including mobile check deposit and contactless payments. With a large network of ATMs and overdraft protection options, it's ideal for tech-savvy and budget-conscious users.
8. Santander Bank
With a network of 108 branches in New York City, Santander Bank ensures accessibility for its customers. In addition to physical branches, the bank provides online and mobile banking services.
Santander Bank offers a range of financial products to cater to various customer needs. Students between 16 and 25 can benefit from a free checking account tailored specifically for them.
This account includes additional perks, such as free eStatements, providing a convenient and eco-friendly banking experience. However, paper statements incur a fee of $3.
Santander Bank offers personal checking and savings accounts, including specialized options like Student Value Checking and Santander Youth Savings. This bank also provides credit cards and personal loans.
Key Smart Checking® from KeyBank offers no monthly fees or minimum balance requirements, making it affordable. It provides convenient online and mobile banking features, including mobile check deposit and contactless payments. With a large network of ATMs and overdraft protection options, it's ideal for tech-savvy and budget-conscious users.
9. Sidney Federal Credit Union
Sidney Federal Credit Union extends membership eligibility to individuals residing, working, worshiping, or attending school in Oneonta, Sidney, or the surrounding areas. With nine branches in Sidney, Bainbridge, Delhi, Greene, Hancock, Norwich, Oneonta, and Walton, the credit union ensures convenient accessibility for its members.
Members can utilize numerous shared service centers for added convenience, including 24/7 access to ATMs. Sidney Federal Credit Union prioritizes providing modern banking services to its members with free online and mobile banking.
Each account also comes with free overdraft protection, providing peace of mind to members. Accounts have no minimum balance requirements and often come with free checks when you sign up for direct deposit.
Key Smart Checking® from KeyBank offers no monthly fees or minimum balance requirements, making it affordable. It provides convenient online and mobile banking features, including mobile check deposit and contactless payments. With a large network of ATMs and overdraft protection options, it's ideal for tech-savvy and budget-conscious users.
10. Van Cortlandt Cooperative Federal Credit Union
Van Cortlandt Cooperative Federal Credit Union is a credit union in the Bronx, New York. To become a member, individuals must meet specific eligibility criteria, such as living in the following areas:
- Amalgamated
- Park Reservoir
- Mutual
- Orloff Towers
- Cannon Heights Cooperative
You can qualify if employed or attend school at Amalgamated Housing Corp, Amalgamated Nursery School, or Ampark Neighborhood School. Having an immediate family member who is already a member can also make you eligible to join.
Van Cortlandt Cooperative Federal Credit Union offers various financial services, including checking and savings accounts. The Free Share Draft Checking account provides a convenient option for members, with no minimum balance requirements or fees for writing checks.
This New York-based credit union provides free online banking and bill pay services. The NCUA protects your funds with Van Cortlandt Cooperative Federal Credit Union.
Key Smart Checking® from KeyBank offers no monthly fees or minimum balance requirements, making it affordable. It provides convenient online and mobile banking features, including mobile check deposit and contactless payments. With a large network of ATMs and overdraft protection options, it's ideal for tech-savvy and budget-conscious users.
11. Webster Bank
Webster Bank offers a second-chance checking account known as Opportunity Checking. With an initial deposit requirement of $50, this account provides an opportunity for individuals with previous financial challenges.
While the account carries a monthly fee of $16.95, signing up for direct deposit can lower the fee to $11.95. Webster Bank also prioritizes convenience and accessibility for its customers.
This bank offers free mobile and online banking services. Additional features include bill pay, balance alerts, and a free debit card.
You can find Webster Bank locations in:
- Yonkers
- New Rochelle
- Larchmont
- White Plains
- Scarsdale
- Rye
- Greenwich
Webster Bank also has multiple locations in Connecticut. Known for its commitment to technological innovation, Webster Bank provides one of the best banking apps in the industry.
Key Smart Checking® from KeyBank offers no monthly fees or minimum balance requirements, making it affordable. It provides convenient online and mobile banking features, including mobile check deposit and contactless payments. With a large network of ATMs and overdraft protection options, it's ideal for tech-savvy and budget-conscious users.
12. Apple Bank for Savings
Apple Bank for Savings offers various financial services, including free checking accounts. The Extra Value Checking Account is an attractive choice, as it has no minimum balance requirements, opening balance requirements, or monthly fees.
In addition to their checking accounts, Apple Bank for Savings provides savings accounts, youth savings accounts, CDs, and loans. You can also earn a bonus by setting up direct deposit.
Apple Bank for Savings hosts around 80 branches in New York. However, it's important to note that their mobile and online banking services may not be as robust as those offered by larger banks.
Overall, Apple Bank for Savings prides itself on offering some of the best checking accounts on the market, mainly through the Extra Value Checking Account. With no minimum balance requirements, no opening balance requirements, and no monthly fees, it’s a no-brainer.
Key Smart Checking® from KeyBank offers no monthly fees or minimum balance requirements, making it affordable. It provides convenient online and mobile banking features, including mobile check deposit and contactless payments. With a large network of ATMs and overdraft protection options, it's ideal for tech-savvy and budget-conscious users.
FAQs
Chase has the most branch locations in New York. Bank of America is a close runner-up, with Citibank a close third.
Santander Bank, Apple Bank for Savings, and Navy Federal Credit Union offer free checking accounts. Many other banks on our list offer free checking accounts, but most set out specific requirements to waive the monthly fees.
To open a bank account in New York, you’ll need identification, your Social Security number, proof of your mailing address, and an initial deposit. However, some of the best banks on our list above waive the requirement for an initial deposit.
Financing Your Future in the Empire State
Finding the best banks in New York can feel like visiting Times Square for the first time. You might feel lost, confused, and unsure of where to go.
We hope this article helps you find some of the best banks in New York, whether you’re looking for checking and savings accounts or credit cards, CDs, and individual retirement accounts. With these banks, you can forge ahead confidently.
The best banks offer several financial services to help you throughout life. These include personal loans, business banking, and wealth management services.
Now that you know more about the best banks in New York, it’s up to you to choose one that fits your needs. Which of the best banks in the Empire State can boost you to the next level?
Key Smart Checking® from KeyBank offers no monthly fees or minimum balance requirements, making it affordable. It provides convenient online and mobile banking features, including mobile check deposit and contactless payments. With a large network of ATMs and overdraft protection options, it's ideal for tech-savvy and budget-conscious users.
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