When you are talking about best bank in California, you should consider the financial system that offer seamless, secure and reliable services to their customers when it come fund transfer, saving and checking that offers convenient access to ATMs and branches.
The article is going to list out both credit union and commercial bank in customer service, fees, rates, and more.
Best Banks for Checking Accounts in California
1. BBVA Compass Bank
You can open one for as little as $25, and you have access to over 64,000 ATMs, It also offers its high-APY money market account in 41 states. it come with the following features.
1. Apply with only $25 opening deposit
2. No monthly Service Charge
3. Complimentary Online Banking and Mobile Banking, Bill Pay and Online Statements
4. No ATM withdrawal fees at any BBVA or Allpoint® ATM
5. BBVA is a member of the FDIC
6. Unlimited check writing
7. Complimentary Online Banking, Mobile Banking, and Bill Pay
8. Complimentary Premium checks and 50% off other styles
9.Automatic rebates on ATM fees charged by other banks
2. Wells Fargo
This the most active retail bank in the state, it carries fairly high fees for incidental services, such as overdraft fees and wire transfers. In terms of rates, the savings interest rate of 0.01% APY on Way2Save and Opportunity Savings represents some of the lowest we’ve encountered among all banks.
Welsfargo Manage your accounts online, via mobile banking, and at more than 8,400 branches and 13,000 ATMs. It’s a full-service bank, offering a wide variety of banking products and services.
Open a checking account with as little as $25 when comapare to other banks
It has the folloeing features
1. No fees for cashier’s checks and money orders
2. Waived non-Wells Fargo ATM fees for cash withdrawals
3. No fee for personal checks
4. Interest rate discounts on personal loans, home equity loans, and lines of credit
5. $25 minimum opening deposit
3. Citizens Business Bank
Citizens Business Bank is designed to achieve superior performance and rank in the top ten percent of all financial institutions in the nation in return on equity and return on assets
The Bank provides the widest range of services for small business owners operating in Southern and Central California. Its products include not only typical business checking, savings and loan accounts, but also a number of merchant services.
4. Bank of the West
This mainly deal with lending banking products such as credit cards, personal loan, mortgages, auto loans and you can also take loan for construction, renovation or to buy any product and services. This bank also deals in investment banking.
The good aspect of this bank is that,you don’t need to maintain minimum balance if you have a checking or savings account with them. They have a monthly fee of $5.
The Checking accounts don’t have a minimum deposit and come with a $10 fee that you can avoid simply by making a deposit during a statement cycle.
5. East West Bank
They provide all type of banking services like savings and checking accounts, credit and debit cards, loans, mortgages and investments. They also provide international trading investment services. You need a minimum $100 deposit to open an account with them.
You can open a Student Plus Savings account that earns interest at 0.01%. There is a $3 monthly fee, but East West Bank will waive the fee if you have at least one direct deposit sent into the account each month.
6. Bank of America
BOA provide student loans and has community banking segment as well. On mortgage front, it has the largest mortgage lender in America. It has many branches in California and is head quartered in San Francisco, California.
7. Ally Bank
Ally bank provides solid interest rates to checking customers. The bank’s Interest Checking Account has a variable interest rate that depends on whether or not your minimum daily balance is over $15,000 or not. Accounts above and beneath that marker receive a 0.25% and 0.10% APY.
Ally has joined the Allpoint ATM network that’s 55,000 machines strong. There is absolutely no charge associated with the use of these ATMs for Ally customers. As a backup plan, Ally provides up to $10 in out-of-network ATM fee reimbursements per statement cycle.
8. Citi Bank
It the Best Savings Account Rate of the best APYs on the market
9. First Republic Bank
The bank do offer traditional passbook savings account and you can withdraw cash from any of its 73 branches. There is no monthly fee for the passbook savings account.
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10. Alliant Credit Union
Its free High-Interest Checking account offers 0.25% APY when you meet a couple of qualifications. There’s no monthly service fee, and the account comes with access to more than 80,000 free ATMs
11. Capital One 360
Capital One 360’s 360 Checking is a free account that pays 0.10% APY on all balances and also offers multiple free overdraft management options .It doesn’t charge monthly fees on savings account.
Its CD rates are also attractive — five-year certificates earn 0.40% APY, and unlike many banks, there’s no minimum deposit to open one.
11. Chase Bank
Chase has some of the best checking options from a national bank. It savings accounts and certificates of deposit have low annual percentage yields, so if you’re looking for maximum growth
12. Discover Bank
Discover’s Cashback Checking doesn’t pay interest, but it does earn 1% cash back on up to $3,000 in monthly debit card spending, and there’s no monthly fee.
Discover bank savings products earn impressive yields, and there’s no required minimum deposit for savings. To open a CD, you’ll have to deposit a relatively steep $2,500.
13. Golden 1 Credit Union
The credit union has solid checking and savings offerings, especially for teens and college students.The rates for both savings and savings certificates beat those of the biggest banks, but they lag behind many online banks’ yields.
Other on the list are:
14. Varo Bank
15. U.S. Bank
16. Union Bank
17. Comerica Bank
18.City National Bank