Some of the largest banks in the United States can be found in Tennessee. These include Chase, Wells Fargo, Bank of America, PNC Bank, and U.S. Bank.
However, Tennessee holds some of the best regional banks. These banks might not be as well-known as more popular financial institutions, but they can still cater to their communities with various financial products.
In this guide, we’ll show you some of Tennessee's best banks you can partner with. These banks offer several accounts and services you can use to your advantage.
We’ve even got a few online-only banks you can choose from. These banks may not have physical locations, but they can still offer superior customer service and convenient features.
Are you ready to learn more about the best banks in Tennessee? Let’s get started!
15 Best Banks in Tennessee
Did you know Tennessee is the only state with its own official rap song? The song is called A Tennessee Bicentennial Rap: 1796 to 1996.
1. Chase
Did you know that there are banks that don’t require Social Security numbers for your application? Instead, you can use other forms of identification to prove you are who you say you are.
Chase doesn’t require your SSN to open an account. There are tons of accounts to choose from, many of which cater to various age groups, and plenty of Chase offers for new accounts.
For example, the Chase High School Checking℠ account gives 13 to 17-year-olds the chance to open an account with their parent or guardian’s permission. There are no fees associated with this account or the College Checking account.
With Chase College Checking℠, you can waive the $6 monthly fee for 5 years if you can verify you’re in college. You can also avoid the fee if you have an average daily balance of $5,000 or set up a direct deposit.
A $100 bonus is yours if you open a Chase Secure Banking℠ account and complete 10 qualifying transactions within 60 days. Once you complete the requirements, you should receive your Chase Secure Banking bonus within 15 days.
A $100 bonus is yours if you open a Chase Secure Banking℠ account and complete 10 qualifying transactions (debit card purchases, online bill payments, etc) within 60 days. Once you complete the requirements, you should receive your Chase Secure Banking bonus within 15 days.
Chase also offers up to 0.01% APY on savings accounts. You can also check your balances via the mobile app.
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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.
2. Axos Bank
Axos Bank is available through the website and mobile app only. This online-only bank makes it easy to bank in this digital age with several security settings to keep your information safe.
You can find personal and business banking services from Axos Bank, including checking and savings accounts, loans, mortgages, money market accounts, investments, and CDs. Axos also offers 24/7 customer support if you run into trouble.
Its most popular account is the Axos Bank® Rewards Checking account. It is a free account with unlimited ATM fee reimbursements and offers up to a $300 new account bonus when you use an Axos promo code.
You don't have to worry about keeping a minimum balance with Axos' Rewards Checking.
As with the bank's other checking accounts, there are no monthly fees, and all fees charged by domestic ATM operators are reimbursed. Axos doesn't charge any ATM fees itself.
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$400 welcome bonus
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$400 welcome bonus
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Fee-free business checking account designed for small businesses, offering unlimited transactions and no minimum balance requirements. It provides unlimited domestic ATM fee reimbursements and free domestic incoming wires, with two outgoing domestic wire fees reimbursed per month. New account holders can earn up to a $400 welcome bonus by meeting specific criteria. |
Business checking account that earns tiered interest on deposits, with rates starting at 1.01% APY on balances up to $50k. It has a $10 monthly fee that’s waived if you maintain an average daily balance of $5,000, and you can earn a $400 bonus when you meet certain criteria for opening the account. |
Fee-free business checking account designed for small businesses, offering unlimited transactions and no minimum balance requirements. It provides unlimited domestic ATM fee reimbursements and free domestic incoming wires, with two outgoing domestic wire fees reimbursed per month. New account holders can earn up to a $400 welcome bonus by meeting specific criteria.
Business checking account that earns tiered interest on deposits, with rates starting at 1.01% APY on balances up to $50k. It has a $10 monthly fee that’s waived if you maintain an average daily balance of $5,000, and you can earn a $400 bonus when you meet certain criteria for opening the account.
3. CIT Bank
Are you in the market for savings accounts? CIT Bank offers FDIC-insured accounts and many other traditional banking products, including savings accounts.
Many customers love CIT Bank’s mobile app. Here, you can manage your finances through your various checking, savings, and money market accounts.
CIT Bank also offers competitive CD rates. While the interest rates are higher than other banks on our list, they can’t necessarily compete with online-only banks.
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CIT Bank Savings Connect has an annual percentage yield of up to 4.50%, which is higher than the national average interest rate on savings accounts. This account does not charge a monthly Service Charge. |
Experience a convenient and secure all-digital way to grow and access your money. Earn a competitive interest rate. Easily pay people and bills, with no monthly fees. |
Interest that adds up in your family's best interest. Open an account today and start earning. Open an account with $100 to earn up to 1.00% APY. |
Online and mobile banking is easy and convenient with an eChecking account. CIT customers can access checking accounts 24 hours a day online or through the mobile app. Checking accounts can be opened with a $100 minimum opening deposit. |
CIT Bank CDs provide a safe, secure way to grow your savings. Choose from a selection of CD rates and terms to help you stay on target for your savings goals. |
CIT Bank Savings Connect has an annual percentage yield of up to 4.50%, which is higher than the national average interest rate on savings accounts. This account does not charge a monthly Service Charge.
Experience a convenient and secure all-digital way to grow and access your money. Earn a competitive interest rate. Easily pay people and bills, with no monthly fees.
Interest that adds up in your family's best interest. Open an account today and start earning. Open an account with $100 to earn up to 1.00% APY.
Online and mobile banking is easy and convenient with an eChecking account. CIT customers can access checking accounts 24 hours a day online or through the mobile app. Checking accounts can be opened with a $100 minimum opening deposit.
CIT Bank CDs provide a safe, secure way to grow your savings. Choose from a selection of CD rates and terms to help you stay on target for your savings goals.
4. First Citizens Bank
Founded in 1898, First Citizens Bank serves its customers in nearly 20 states. It’s known for superb customer service and a multitude of available accounts.
First Citizens Bank offers three checking accounts, two savings accounts, money market accounts, CDs, and credit cards. You can open a free checking account with a minimum of $50.
With this free account, you can also waive monthly fees if you enroll in paperless billing. The Premier checking account also offers preferred rates on home equity lines of credit and CDs.
First Citizens Bank provides small business loans and commercial loans. You can easily manage your money through the mobile app, as the bank holds fewer than 10 physical branches.
While savings account APYs might be low at First Citizens Bank, they’re better than nothing. You can also use First Citizens Bank to manage your business finances, obtain a home or auto loan, and purchase car insurance.
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Free checking account
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Description: Experience hassle-free banking with a free checking account. No fees, no minimum balance requirement, and the convenience of 24/7 digital banking, bill pay, and mobile deposits. Enroll in paperless statements to avoid the monthly fee. Make your life easier with better banking. |
Description: Open a First Citizens online savings account for easy access and mobility. Enjoy convenience with no minimum balance requirement and no monthly service charges. Earn interest on your daily balance and receive monthly credits with competitive rates. |
Experience hassle-free banking with a free checking account. No fees, no minimum balance requirement, and the convenience of 24/7 digital banking, bill pay, and mobile deposits. Enroll in paperless statements to avoid the monthly fee. Make your life easier with better banking.
Open a First Citizens online savings account for easy access and mobility. Enjoy convenience with no minimum balance requirement and no monthly service charges. Earn interest on your daily balance and receive monthly credits with competitive rates.
5. U.S. Bank
You’ll find nearly 70 U.S. Bank branches in Nashville and the south-central portion of the state. U.S. Bank works with you to offer support for personal banking, wealth management, and business banking needs.
U.S. Bank promotions often make it easy to open a new account and earn some rewards. You can also use Zelle to send and receive money from your friends and family.
You can open several accounts with U.S. Bank, including the following:
- Checking
- Savings
- Money market
- Retirement
- Lines of credit
- Auto and personal loans
- Credit cards
Open a Smartly Checking Account, and you can waive the $6.95 monthly fee if you make enough direct deposits or have the minimum amount in your account. You can also use your account to pay bills and make mobile check deposits.
Keep your business finances on track with U.S. Business Checking! Enjoy 24/7 online access, easy transfers, and tools for managing expenses. Simplify banking for your growing business today. To earn up to $900, open a U.S. Bank Business Checking account using the promo code Q4AFL24 and complete qualifying activities.
6. Fifth Third Bank
Fifth Third Bank (5/3 Bank) is one of the largest consumer banks in the Midwestern United States. It's headquartered in Cincinnati, Ohio, with nearly 1,100 branches and customers in 12 states, including Tennessee.
You can open any of the following checking accounts at any Fifth Third Bank in Tennessee:
- Momentum Checking: Besides no monthly maintenance fees and minimum balance requirements, this account comes with early direct deposit.
- Express Checking: Similar to the Momentum Checking account, you won’t pay a monthly fee or have to meet a minimum balance requirement. Instead, you can cash your checks and set up a direct deposit with this account.
- Preferred Checking: You must open this account at a physical branch in person. You must deposit at least $100,000 or more to the account once you’ve opened it.
The Momentum Savings account offers 0.01% APY and a $5 monthly fee. However, you can waive the monthly fee if you meet specific criteria.
Fifth Third Bank is based out of Ohio. You can also open a money market account or 529 savings account at this Tennessee bank.
7. Bank of Tennessee
If you’re looking for the best checking accounts in Tennessee, the Bank of Tennessee seems like a logical place to start. This mid-size bank was established in 1974 and calls Kingsport home.
You’ll find over 20 branches in North Carolina and Tennessee. This bank offers various products, from IRAs and MMAs to CDs and brokerage accounts.
Some accounts come with various APYs. The Bank of Tennessee also has an extensive ATM network to complement its brick-and-mortar locations.
8. Ally Bank
Due to Ally Bank’s online-only presence, customers cannot deposit cash directly into their accounts. However, Ally Bank offers several perks many customers love, especially in this modern day and age.
Ally Bank offers several checking and savings accounts. The savings accounts come with “buckets” to save up for whatever you want.
You can earn up to 4% APY on Ally Bank’s savings accounts. This interest compounds daily, and your funds are FDIC-insured.
Open an Interest Checking Account, and you can earn 0.25% APY if you have over $15,000 in your account. Otherwise, you still earn 0.1% APY on your balance.
Ally Bank doesn’t charge monthly fees or have minimum opening deposits. You can reach customer support through live chat or over the phone if you need assistance.
Ally also partners with Zelle to allow its customers to send and receive money. If you have to use an ATM outside of Ally’s network, you can get reimbursed up to $10 per statement cycle.
Ally Bank also offers money market accounts, CDs, and IRAs.
9. Truist Bank
Headquartered in Charlotte, Truist Bank was formed in 2019 when SunTrust Bank and BB&T merged. This bank offers several types of accounts you can use to help achieve your goals.
In addition to checking and savings accounts, Truist Bank offers some of the best money market accounts. You can use these accounts to increase your earnings and save.
Truist’s Negative Balance Buffer covers you up to $100 if you overdraft by this amount or less. You can also use the Truist One Checking account for free if you have a $550 direct deposit each statement period.
Truist One comes with no interest and requires a $50 deposit. However, there are no overdraft fees associated with this account.
You can also open a Truist savings account with only $50. The $5 monthly fee can be waived if you have a $300 daily balance or link a Truist checking account.
10. Wells Fargo
Many people use Wells Fargo and Zelle to pay back their friends and family for a night out. However, if you’re looking to save up for a vacation, you might try one of Wells Fargo’s savings accounts.
These savings accounts may come with monthly fees. However, you can waive those if you meet specific criteria for each one.
Wells Fargo offers a handful of savings accounts, CDs, and checking and retirement accounts. You’ll earn up to 0.15% APY on CDs and 0.01% APY on savings accounts.
Manage your Wells Fargo account online or on your smartphone. Find the app in the Google Play Store or the App Store.
11. FSNB
Fort Sill National Bank (the former name of this bank) hosts over 30 branches across the state. It also offers checking and savings accounts that you can open online.
Some of FSNB’s accounts come with a monthly maintenance fee, which you may or may not be able to waive. Others may offer free direct deposits or varying interest rates.
FSNB offers dedicated accounts for military members and veterans. This full-service bank serves Tennessee to give back to its citizens.
12. First Horizon
Formerly known as the First Tennessee Bank, First Horizon is headquartered in Memphis. You’ll find over 180 branches around the state that offer personal and business banking.
First Horizon has multiple accounts to choose from, including checking and savings accounts. You can also obtain debit and credit cards from this bank.
13. Regions Bank
You may find several Regions Bank branches in Texas, but they’re also found in Tennessee. This bank merged in 2004 with Union Painter Bank, so it has definitely grown since.
You can open everything from checking and savings accounts to lines of credit and mortgages with Regions Bank. Physical branches help, but you can also go online to manage your finances.
Regions Bank updates its members through texts and mobile app notifications. You can also have Regions Bank manage your wealth and investments, too.
14. Wilson Bank & Trust
Though you may not have heard of it, Wilson Bank & Trust offers nearly 30 locations in the middle of Tennessee. It offers the standard list of traditional financial products, including checking and savings accounts, debit cards, IRAs, and CDs.
You can access your Wilson Bank & Trust account online or through the mobile app. Wilson Bank & Trust will also manage your investments and wealth if you’d like.
15. Bank of America
Bank of America’s Advantage Plus Banking and similar accounts can help you manage your money and get rewarded for it. You can earn up to $100 if you open a new Advantage account and deposit $1,000 or more.
As one of the largest banks in the U.S., Bank of America offers several promotions like this throughout the year. It also provides its Keep the Change program which allows you to contribute to your savings account by rounding up your purchases.
Tennessee hosts several hundred Bank of America ATMs and physical branches. It also offers a top mobile banking experience to help you manage your finances from home.
Bank of America falls short when it comes to its savings account APYs. At 0.01% APY, it’s nothing to write home about, especially in the face of higher APYs from online-only banks.
FAQs
You can have as many checking accounts as you want. While it can be challenging to keep track of so many checking accounts simultaneously, sometimes you can take advantage of quite a few welcome bonuses to add to your savings with multiple checking accounts.
Most banks require that you’re at least 18 years old to open a grown-up bank account. However, some banks offer teen accounts you can open as young as 13.
First Citizens Bank offers a free checking account. However, you must deposit at least $50 in the account once it’s open, though there’s no minimum balance after that.
Banking to a Fine Tune in Tennessee
Dolly Parton and Elvis Presley were born in Tennessee, but you don’t have to be a celebrity to bank there. Instead, you can use the many banks on our list of the best in Tennessee to achieve your financial goals.
We hope this article has helped you find more banks you can use to your advantage. While bank accounts can be scary and intimidating, it’s all about how you use them to get where you want to be.
You’ll find a good mix of banks in Tennessee, from national and digital banks to credit unions. Each offers accounts and perks to boost your finances to a new level.
Which of the best banks in Tennessee caught your eye?
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