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Best banks and credit unions in New York

The top five places to store your money in the Empire State.


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New York is known for its mouthwatering pizza, contrasting landscape and towering skyscrapers. But what about its banks? When you live in a place known as the financial capital of the world, there’s no shortage of options. Here’s our list of the best five banks in New York.

Chase: Best for ATM access

Not only is Chase the largest bank in the US, but it’s also headquartered smack dab in New York City. This means you’ll be hard pressed to find a bank that has more branch locations and brand-name ATMs than this leading giant. For these reasons, we’ve dubbed Chase Bank best for accessibility.

HSBC Bank: Best for competitive interest rates

HSBC is an international bank with its US headquarters right in New York City. It offers a range of accounts for personal and business use, but it’s HSBC Direct accounts are especially attractive thanks to their high APYs.

M&T Bank: Best for businesses

You’ll find a variety of over 20 checking, savings and CD options at M&T Bank. But businesses may find this institution extra appealing thanks to its tiered accounts and concise fee structures.

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TD Bank: Best for locals

If you’re the type of person who likes to bank face to face, look no further than TD Bank. Many of its branches are open weekly, giving the ultimate flexibility to bank when and how you need it.

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Pentagon Federal Credit Union: Best for military members

As home to five military bases, New York has no shortage of service men and women. If you’re affiliated with the military and looking for a new bank, PenFed may fit the bill. It has a concise list of product offerings and military-specific resources.

How we chose the best banks in New York

To find the best banks in New York, we researched over 20 financial institutions to see which ones are headquartered in or primarily serve the Empire State. From there, we examined factors like account types, overall fees, accessibility, customer service and special features to narrow down our list to the top five banks.

Compare checking accounts from the best banks in New York

Name Product Minimum deposit to open ATMs Out-of-network ATM fee
Chase Total Checking
Access to 16,000 ATMs and nearly 4,900 branches nationwide
Get a $200 bonus when you open a new Chase Total Checking account and set up direct deposit within 60 days of opening your account. Chase's simplest checking account is easy to use and gives you access to 16,000 ATMs and nearly 4,900 branches. Available online nationwide except in Alaska, Hawaii and Puerto Rico.
HSBC Advance Checking
Surcharge-free HSBC ATMs nationally and internationally, plus up to four rebates a month for using non-HSBC ATMs in all US states except New York
Get up to $270 (max. $50 per month) for eligible new customers who open an HSBC Advance checking account. Conditions apply. Deposit products are offered in the US by HSBC Bank USA, N.A. Member FDIC.
HSBC Premier Checking
Free to use at all ATMs in the US
Get a 3% cash bonus, up to $600 (max. $100 per month) during first six months after account opening. Must open HSBC Premier checking account through offer page by September 30, 2020, and set up qualifying direct deposits into the new account. Conditions apply. Deposit products are offered in the US by HSBC Bank USA, N.A. Member FDIC.
TD Beyond Checking
1,900 ATMs across the country and Canada
A checking account that offers interest plus three ways to waive the monthly fee, two overdraft paybacks a year and no ATM fees with a $2,500 balance.
TD Convenience Checking℠
1,900 ATMs across the country and Canada
Offering digital wallet compatibility, free Zelle transfers, TD rate discounts and no fees for students and young adults age 17 to 23. But the $15 monthly maintenance fee could chip at your funds.

Compare up to 4 providers

Bottom line

New York has no shortage of places to park your cash. If you’re in the market for a new bank or credit union, look for one that has the accessibility and features you need to maintain control of your money.

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