Best Banks in Florida
Written by
Rudri Patel
Edited by
Elizabeth Constantineau
Florida offers a mix of national banks, regional institutions, credit unions and community banks — each catering to the state’s diverse population and geography. Whether you live in a major city like Miami or a smaller coastal town, your banking needs may vary depending on branch access, local economic factors and the importance of in-person service.
This guide from GOBankingRates highlights the best banks in Florida for 2025 — including top options for checking, savings and certificate of deposit (CD) accounts — so you can decide which bank works for you.
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Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased bank reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our in-depth bank review methodology.
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TOP FLORIDA BANKS AT A GLANCE
Bank/Institution
Savings APY
Notable Features
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Detailed Reviews of the Best Banks in Florida
Here’s a rundown of the main features, benefits and pros and cons of GOBankingRates’ picks for top banks in Florida.
Gold Winner: SouthState Bank
SouthState Bank is a regional bank with headquarters in Winter Haven, Florida and a strong presence throughout the state. It provides a full suite of personal and business banking products and services.
Best For
Mobile App
No Minimum Deposit
Low Monthly Fees
Loan Options
Credit Cards
Fee-Free Interest-Bearing Checking for Community Heroes
SouthState Bank offers a special checking account for educators, healthcare providers, law enforcement, rescue services, military or veterans. The Community Hero Checking account has no fees, earns interest, offers free cashier’s checks and more.
Total Branch Locations
Over 90
Mobile App Rating
4.6 on the Apple App Store and 4.8 on Google Play
Other Products Offered
Checking, savings, money market, CDs, personal, auto, and home loans, credit cards, investment accounts
Pros
- Several checking offerings, including no-fee and interest-bearing accounts
- Full range of deposit, loan and investment services
Cons
- Savings and money market interest rates are low
Why We Like SouthState Bank
The special offers for community heroes are a big advantage for SouthState Bank over the other best banks in Florida. In addition to fee-free interest-bearing checking accounts, these essential workers can save $250 on mortgage closing costs.
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Silver Winner: Fifth Third Bank
Fifth Third Bank is a regional bank that serves 11 states with full-service personal and commercial banking, as well as insurance and investment products.
Best For
Mobile Banking
No Minimum Deposit
Low Monthly Fees
Loan Options
Wealth Management
Resources for All Areas of Your Financial Life
Fifth Third Bank stands out for its Momentum Banking, which helps you set up your new account for direct deposit, gives you a free 90-day overdraft window, and then pays your direct deposit two days early. There’s no minimum deposit and no monthly service fee.
Total Branch Locations
Over 1,000
Mobile App Rating
4.8 on the Apple App Store and 4.6 on Google Play
Other Products Offered
Checking, savings, CDs, credit cards, loans and wealth management services
Pros
- Help transfer your old account and set up direct deposit
- Different banking programs for all kinds of needs
- Award-winning mobile app
Cons
- Savings interest rate is low
- Express Checking has a $5 per month fee that can’t be waived
Why We Like Fifth Third Bank
First Third Bank is among the top banks because it offers holistic banking services that can help you take charge of your finances. From help transferring your direct deposit to checking and savings accounts that work together, this is a bank that grows with you.
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Bronze Winner: Wells Fargo
Wells Fargo is one of the largest banks in the U.S., with 472 branches in Florida. Its wide variety of banking products and services and competitive rates make it a standout among the best banks in Florida.
Best For
Credit Cards
National Banks
Home Loans
Auto Loans
Investments
Everyday Banking and a Variety of Services
Wells Fargo has several products for everyday banking as well as options for mortgages, auto loans and credit cards. The app is user-friendly and the wide network of ATMs makes it easy to withdraw cash without paying a fee.
Total Branch Locations
Over 4,300 in the U.S.
Mobile App Rating
4.9 on the Apple App Store and 4.8 on Google Play
Other Products Offered
Credit cards, home loans, auto loans, investments
Pros
- Extensive branch and ATM network
- Diverse product offerings
- User-friendly digital interface
Cons
- Minimum deposit requirements and monthly maintenance fees
- High overdraft fees
- Low interest rate on savings accounts
Why We Like Wells Fargo
Wells Fargo offers one-stop everyday banking and financial planning services. There are several products for consumers and accessibility to branches and ATMs.
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Best Banks
Best checking accounts
Best Savings Accounts
CD Account Rates
Best Money Market Accounts
Research Methodology
To discover the Best Banks by state, GOBankingRates analyzed the top institutions (excluding online banks and neobanks) by state branch locations. To determine rankings, GOBankingRates looked at the following factors: (1) total assets as sourced from the FDIC; (2) checking product minimum deposit; (3) monthly checking fee ratio (percentage of the minimum to avoid fees compared to the monthly fee itself); (4) savings product minimum deposit; (5) savings product APY; (6) Bauer rating (out of 5 stars); (7) products/services offered (auto loans, mortgage loans, credit cards, investment services and insurance); and (8) the average mobile app rating between the Google Play (Android) and Apple stores. All factors were then scored and combined, with the lowest score being the best. Factors (1), (2) and (4) were weighed 0.5 times, factor (5) was weighed 2.5 times and factor (7) was weighed 1.5 times. All products and offerings had to be available as of Nov. 8, 2024, to be considered. Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of July 31, 2025.
To qualify as one of the Best Banks in the state, the institution needed at least five branch locations in the respective state, with some exceptions for larger and/or smaller states.
How To Choose the Right Bank in Florida
From cosmopolitan cities like Miami, to magical Orlando to rural areas in the panhandle, Florida is diverse, and the banks and credit unions in Florida reflect that. Choosing a bank means considering what you want from a bank and then narrowing down the many options available to you.
Consider the following questions:
- How do you prefer to bank? Do you value a user-friendly app, exceptional online banking or plenty of local branches?
- Do you want to get the very best possible rate, or would you rather bank where the staff knows your name?
- Is it important to you that the bank you use gives back to your local community?
No matter what your answers are to these questions, there’s a bank in Florida that’s right for you.
Conclusion
Choosing the right bank in Florida is an important decision, and your choice should reflect your financial priorities. Whether you want the very best rate, the best mobile banking app or a neighborhood branch you can walk into, look at the top Florida bank options above, make your choice and open that account today.
FAQs About Banking in Florida
Here’s more information to help you find the best Florida bank for your needs.- What is the best bank for high-yield savings in Florida?
- Interest rates for high-yield savings accounts change frequently. Online banks and credit unions often have good high-yield savings rates. When comparing rates, be sure to note minimum deposits and other requirements.
- Which banks have the most ATMs in Florida?
- Wells Fargo Bank has a large number of ATMs in Florida. Banks that use the Allpoint ATM system will also offer access to a lot of Florida ATMs.
- Are there any banks in Florida with no monthly fees?
- Yes. Fifth Third Bank has checking and savings accounts with no monthly fees, and SouthState Bank offers fee-free accounts to first responders, teachers and other community heroes. Many banks have at least some fee-free options, although you may have to keep a minimum balance or have a minimum number of transactions to qualify.
More Resources for Banking
Best Banks
Best checking accounts
Best Savings Accounts
CD Account Rates
Best Money Market Accounts
Karen Doyle contributed to the reporting for this article.
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