New York City is home to some of the best banks in the world. From international institutions to smaller community banks, there are plenty of great choices for banking in the city.

                By                    Kiran Shahid

  • Best Banks in New York City

  • How To Choose

  • Total assets

  • Number of branch locations

  • Annual checking account fee

  • Savings account annual percentage yield

  • 12-month CD APY

  • Customer service products offered

  • Bauer rating

  • Products and services offered

  • Average mobile app rating

The Best Banks in New York City

Chase

  • Extensive ATM and branch network

  • $200 sign-up bonus on Chase Total Checking®

  • Robust app with easy-to-use features

  • $12 monthly checking fee

  • Low APYs on savings and 12-month CDs

How To Choose the Best Banks in NYC

Once you’ve decided you’re ready to open a bank account, the next step is figuring out which bank is right for you. Each bank has its own set of pros and cons, so it’s important to weigh your options before making a decision. Here are a few factors to consider when choosing a bank in New York City.

Bank of America

  • Robust mobile app with a virtual assistant

  • Preferred Rewards Program benefits

  • $12 monthly checking fee

  • Lower Annual Percentage Yield for savings accounts

Wells Fargo

  • Variety of account options

  • Extensive app offerings

  • Expansive ATM and branch network

  • Low savings and 12-month CD APY

  • $10 monthly service fee

KeyBank

  • Free checking account

  • HelloWallet financial wellness program

  • Branch network not as extensive as other banks

  • Lower APY on savings account

PNC Bank

  • Virtual Wallet feature

  • Low checking fee

  • Low APY on standard savings account

M&T Bank

  • $0 monthly checking fee

  • Mobile deposits immediately available for withdrawals or purchases with M&T Flash Funds

  • Send money quickly with Zelle

  • Low savings APY

  • Low 12-month CD APY

Capital One

  • Extensive app with a 4.7 rating

  • No-fee, no-minimum checking account

  • Limited branches

TD Bank

  • Extensive branch hours and free ATMs

  • Average app rating of 4.5

  • $15 monthly checking fee

  • Low APYs on savings and CD accounts

ATM and Branch Locations

One of the most important factors to consider when choosing a bank is its ATM and branch network. Some banks have a more extensive network than others, so it’s essential to make sure the bank you choose has locations near you. For example, if you’re frequently on the go and need access to an ATM, you may want to choose a bank that has a large ATM network. Additionally, if you prefer to do your banking in person, you’ll want to make sure the bank you choose has branches close to where you live or work.

Check Out the App

Another factor to consider is the bank’s mobile app. Many banks now have apps that allow you to do everything from checking your account balance to depositing checks remotely. An app’s usability, features and rating can be important factors when choosing a bank. A well-designed and user-friendly app can make banking easier, while a poorly rated app may be frustrating to use. 

Check the APY

When choosing a bank, consider the APY on its savings and checking accounts to make sure you’re getting a reasonable yield. While some banks may not have the highest APYs, they may offer other features that are important to you, such as a low checking fee or an extensive ATM network.

Check the Fees

Each bank has its own set of fees, so it’s essential to make sure you’re aware of them before opening an account. Some banks have low checking fees but may charge a fee for every transaction you make. Others may have no monthly fees but charge a high fee for withdrawing cash from an ATM. It’s crucial to read the fine print and make sure you’re aware of all the costs associated with each bank before deciding. 

Best Banks By Region

  • Alabama

  • Arizona

  • Austin

  • California

  • Chicago

  • Colorado

  • Florida

  • Georgia

  • New Hampshire

  • North Carolina

  • Tennessee

  • Texas

  • Best Regional Banks

  • What is the most popular bank in New York City?

  • The biggest bank in New York City is Chase.

  • How do I choose a bank in New York City?

  • When choosing a bank in NYC, it’s essential to consider various factors, including the bank’s ATM and branch locations, app usability and rating and APY on savings and checking accounts. You also should check the fees associated with each bank’s accounts to make sure you’re aware of all the costs before opening an account.

  • What is the difference between large and small banks in New York City?

  • Large banks in NYC, such as Chase and Bank of America, have extensive ATM and branch networks. They also offer a variety of products and services, including checking, savings and mortgage accounts. Smaller banks in the city, such as Signature Bank, may not have as large a network, but they offer great products and services. Additionally, small banks typically have lower fees than large banks.

  • How do I find the best banks near me?

  • To find the best banks near you, it’s crucial to compare the APYs, fees and ATM networks of various banks. You can also read reviews of different banks to get an idea of what others think about their products and services.

  • The biggest bank in New York City is Chase.

  • When choosing a bank in NYC, it’s essential to consider various factors, including the bank’s ATM and branch locations, app usability and rating and APY on savings and checking accounts. You also should check the fees associated with each bank’s accounts to make sure you’re aware of all the costs before opening an account.

  • Large banks in NYC, such as Chase and Bank of America, have extensive ATM and branch networks. They also offer a variety of products and services, including checking, savings and mortgage accounts. Smaller banks in the city, such as Signature Bank, may not have as large a network, but they offer great products and services. Additionally, small banks typically have lower fees than large banks.

  • To find the best banks near you, it’s crucial to compare the APYs, fees and ATM networks of various banks. You can also read reviews of different banks to get an idea of what others think about their products and services.

Information is accurate as of Oct. 17, 2022.

Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.