When searching for the best banks in Indiana, it’s important to weigh your options and see which bank works best for your financial situation.
A bank is more than a place to put your money. It’s a place that helps you make smart financial decisions, allowing your money to grow.
17 Best Banks in Indiana
Here are some of the best banks in Indiana, including local and national banks.
- U.S. Bank
- Chase Bank
- Fifth Third Bank
- PNC Bank
- Ally Bank
- CIT Bank
- The National Bank of Indianapolis
- Citibank
- Old National Bank
- BMO Harris Bank
- Huntington Bank
- Regions Bank
- Horizon Bank
- Centier Bank
- STAR Financial Bank
- 1st Source Bank
- First Financial Bank
See the Best Bank Bonus Offers & Promotions in Indiana
1. U.S. Bank 
U.S. Bank has been continuously operating in the United States since the Lincoln Administration––more specifically, 1863. In its 160 years of business, it has opened 17 locations in Indiana along with thousands of ATMs and branches nationwide.
It offers a wide variety of banking products, including checking accounts, money market accounts, loans, lines of credit, and certificates of deposits (CDs). All of its accounts can be monitored on U.S. Bank’s robust mobile and online banking network or you can make an in-person appointment using the branch locator tool.
U.S. Bank occasionally offers sign-on bonuses for customers who meet direct deposit requirements and it also offers a suite of compelling credit card options. However, it stands out the most for its aggressive savings account compared to its competitors. As of April 2023, money market accounts can earn 3.50% APY and CD accounts can earn 4.70% APY. For perspective, the national APY is less than 0.23%.
Benefits:
- Offers advice on investing, budgeting, and saving tools
- CD account offers a whopping 4.70% APY
- Offers multiple checking account options
- Offers a wide selection of personal, business, and wealth management products
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2. Chase Bank 
Chase is a nationwide bank also found in Indiana. It’s a household name with more than 4,700 branches across the country and 15,000+ ATMs. Chase offers personal and business banking and strives to be the only bank you need for all your financial services.
Chase often has promotions for new customers or to open new accounts, including cashback and deposit bonuses for opening a new account. In addition, they offer a wide selection of products, including checking, savings, credit cards, home loans, car loans, and investing services.
Benefits:
- Chase offers plenty of educational opportunities to enhance your financial life
- Has a robust mobile banking app that allows you to do all your banking on-the-go
- Pays competitive rates on deposit accounts
- Offers a wide selection of personal, business, and personal accounts
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3. Fifth Third Bank 
Fifth Third Bank is also a regional bank that’s accessible in Indiana. Like BMO, they have a large ATM network but charge a high overdraft fee, so if you’re likely to overdraft, look at other options.
There are 1,200 branches throughout 11 states and over 40,000 ATMs. They offer a variety of products, including personal, business, and corporate services. They also offer wealth management services to help you plan for your future.
Benefits:
- Offers several accounts with no minimum balance requirements
- Offers many options for customer service, including instant message online or Twitter messaging
- Easy requirements to waive monthly service fees
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4. PNC Bank 
PNC Bank has been in business for over 160 years and operates in over 40 states, including Indiana. PNC offers state-of-the-art financial solutions for every stage in life, whether you’re an individual, business, or corporation.
PNC strives to create personal relationships with its customers, hoping to be your one-stop shop for all your financial needs. One of their most popular products is the Virtual Wallet, which combines checking and savings into one account, making it easy to manage your financial goals. The account includes a short-term savings account and a long-term account that pays higher interest rates in exchange for leaving your money deposited.
Benefits:
- Has powerful loan options for any stage or need in life
- Offers many ways to waive the monthly service fees on bank accounts
- Provides plenty of educational resources for all ages, even young children
- Has technologically advanced services, including mobile and online banking
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5. Ally Bank 
Ally Bank is an online-only bank, giving you 24/7 access to your funds. In addition, Ally Bank has an easy-to-access customer support and pays high-interest rates on its deposit accounts because of the lower overhead.
Despite being online, Ally Bank belongs to an ATM network with over 43,000 ATMs, but it does pose challenges when you want to deposit cash. However, it’s one of the easier online banking services to use, and the rates and fees were well worth it.
Benefits:
- Doesn’t charge overdraft fees
- Doesn’t charge monthly maintenance fees
- Has a wide selection of products for an online bank
- You can bank any time of day or night
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6. CIT Bank 
CIT Bank is an online bank, which means you can live anywhere and bank there. In addition, you don’t have to worry about high fees or low APYs because online banks pass their savings onto customers. Of course, the downside is you don’t have a physical bank to use, but today, physical banks aren’t as necessary.
You’ll find fewer bank products at CIT Bank, but they offer the necessities, including checking, savings, CDs, and money market accounts.
Benefits:
- Has no penalty CDs that allow you to earn a higher APY but withdraw funds without penalty if needed
- Pays higher APYs
- Has lower fees
- You can bank 24/7
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7. The National Bank of Indianapolis
The National Bank of Indianapolis is the largest locally-owned bank in Indianapolis. In business for over 25 years, they’ve been the lifeline of consumers and businesses throughout the Indianapolis area.
They offer many banking solutions, including typical deposit accounts, credit cards, and mortgage loans. The National Bank of Indianapolis chose not to expand and go national to continue providing its customers with superior customer service.
Benefits:
- Provides local and personalized in-person service
- Pays competitive interest rates
- Provides fee-free worldwide ATM access
- Offers a 0% APR credit card
- Has online and mobile banking options
8. Citibank
Citibank is also a bank you’ll find in many other states but is popular in Indiana. They offer a wide selection of products and a great ATM network that is perfect for people who travel out of state. In addition, Citibank customer service is available 24/7, and you can bank online or in-person to handle your finances.
Citibank offers your typical list of services, including checking, savings, CDs, IRAs, mortgage loans, and personal loans.
Benefits:
- Doesn’t charge overdraft fees
- Pays higher APYs on CDs than most national banks
- Makes it easy to waive monthly fees on checking accounts
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9. Old National Bank
Old National Bank has been around since 1834 and has always provided stellar customer service. It was one of the first banks in the area to offer financial services, and today they are one of the top banks that offer financial services in Indiana.
Old National Bank was one of the first banks to offer a Health Savings Account. Today, they continue with that forward-thinking, finding other ways to provide customers with the utmost service and financial products. In addition, Old National Bank prides itself on the education they offer its clients to protect their finances and help them build financial security.
Benefits:
- Offers bank accounts for students and seniors, giving both audiences more favorable terms to make it easier to manage their finances
- Has a Christmas Savings Club account to help you save for one of the most expensive times of the year
- Has lot or land loans for people who aren’t ready to build a house but want the land
- Has online and mobile banking services
10. BMO Harris Bank
BMO Harris Bank is a bank you’ll find in other states too, but it offers a variety of products and services that are great for those who prefer an in-person bank. This Midwest-based bank has a large ATM network with 40,000 ATMs and various accounts for individuals and businesses.
Like most large banks, BMO Harris offers many products, including checking, savings, retirement accounts, credit cards, loans, and financial planning services.
Benefits:
- Has a checking account with no fees
- You can open bank accounts online
- Offers exceptional financial services advice and planning
Learn more:
11. Huntington Bank
Huntington Bank is best for the person that doesn’t need a lot of ‘frills.’ They offer a wide selection of products and many ways to avoid monthly maintenance fees. In addition, Huntington Bank offers the banking necessities, such as checking, savings, credit cards, mortgage, and car loans.
Benefits:
- Makes it easy to avoid monthly maintenance fees
- Offers a $50 overdraft buffer
- Offers many educational opportunities to help build your finances
Learn more:
12. Regions Bank
Regions Bank offers typical banking services but with a twist. They have some features that set them apart from others, and they have an impressive 1,300 branches throughout the Midwest. In addition, Regions Bank offers many free bank accounts or ways to avoid monthly maintenance fees.
While not as well known as some larger banks, they offer a wide selection of personal, small business, corporate, and wealth management services.
Benefits:
- Many of their accounts offer annual bonuses to stimulate your savings
- Some products have cashback rewards
- Has a wide selection of CDs with high APYs
Learn more:
13. Horizon Bank
Horizon Bank has been in business since 1873 and has always had a forward-thinking approach to helping customers have the best financial future. The advisors working at Horizon Bank are local and invested in the community, so they are there for customers.
Horizon Bank is fully invested in the community and helping wherever possible, including fundraising efforts and employees volunteering their time. They also greatly support diversity and inclusion, which are important topics in today’s businesses.
Horizon Bank offers a large line of products, including checking, savings, CDs, retirement accounts, mortgage loans, home equity loans, auto loans, personal loans, credit cards, business banking, and wealth management.
Benefits:
- Offers tax-advantaged accounts, including IRAs, Roth IRAs, and Health Savings Accounts
- All checking accounts have the option to waive the monthly fee
- Offers a Fresh Start checking for anyone who experienced recent financial trouble
- Offers a free investment review to help you get on track
14. Centier Bank
Centier Bank is a family-owned bank that’s been around since 1895. So if you’re looking for a bank with a welcoming staff and understanding services, you’ve found it at Centier Bank. In business for over 125 years, Centier Bank is a popular local bank with over 60 branches throughout the state.
Despite being a family-owned bank, you’ll find many services for consumers, small businesses, and large commercial businesses at Centier Bank. So whether you’re saving for a short-term goal, need a home for your checking account, or are ready to start that small business, Centier Bank has everything you might need.
Benefits:
- Low monthly maintenance fees that are easily waived on all checking accounts
- Offers a large selection of CD and IRA account options
- Has online and mobile banking
- Offers state-of-the-art investment services
15. STAR Financial Bank
Star Financial Bank is a locally-owned bank that offers big-bank services. Not your typical small-town local bank, Star Financial Bank offers innovative technological services, personalized attention, and plenty of account options to satisfy your personal or business banking needs.
Star Financial Bank offers in-person and online services, including mobile banking and online bill payment. So whether you’re looking for a savings account, CD, checking account, mortgage, or car loan, you’ll find what you need at competitive terms at Star Financial Bank.
Benefits:
- You can apply for a new account online, and it takes only a few minutes
- You can apply for a mortgage or car loan online and have an answer in minutes
- Offers a variety of savings options, including a college savings account and savings account for minors
- Has a wide selection of banking services for businesses
16. 1st Source Bank
1st Source Bank has been in business for over 150 years and has always put the customer first. They have over 80 banks throughout the state, and their employees treat banking like a partnership between their customers and themselves. Every customer’s best interests are at heart, which shows in their products and services.
1st Source Bank employees offer the facts and ensure you meet your financial goals by getting to know what you want to achieve. They offer various financial services, including checking, savings, loans, and investment accounts.
Benefits:
- Offers checking accounts for every stage in life, whether you’re just starting or you’re ready to take advantage of a portfolio and enjoy money market returns
- Has a wide selection of loans and financial services to help you achieve your life’s dreams, including mortgage and car loans
- Offers investment advice where you bank, helping you keep everything in one place
- 1st Source will handle switching all your accounts for you if you switch banks
17. First Financial Bank
First Financial Bank has been around for hundreds of years and is well known for its top-notch customer service and its many products and services. They offer a wide selection of services, including student accounts, HSAs, and various checking and savings accounts.
Benefits:
- Offers a checking account with no monthly fee
- Live chat option for customer service
- Pays high APYs on deposit accounts
Which Indiana Bank in Best for YOU?
Choosing the best bank in Indiana can feel like a big job. It comes down to figuring out what you want from your banking services and what you’re willing to pay. Sometimes you have to trade lower APYs for lower fees and vice versa.
Consider your priorities and compare them to what the banks in Indiana offer. Choose a bank that offers the services you need to keep all your finances in one place but also keeps your fees to a minimum.
Many bank products have high fees to keep the bank in business, so always watch out for the fees and find ways to waive them if possible. Beyond fees, you want the bank that offers the highest interest rates and makes it possible to reach your financial goals.
Local Banks
Banking locally has many advantages and disadvantages you should consider.
The advantages include easily accessing your funds and getting personalized attention from someone involved in the community. The downsides, however, are that you might not have access to the most robust plans and may be restricted to a small network of ATMs or bank branches.
National Banks
You also have many options to bank nationally, with bank branches in Indiana. Big branches have their advantages and disadvantages too.
The advantages include having access to more robust banking programs and a nationwide network of ATMs. In addition, you can usually access your funds in most states, making it easy to bank on the go. On the downside, big banks pay much lower APYs and have much higher fees. Moreover, it’s usually harder to waive the fees because they need to make larger profits to keep up with their overhead.
Frequently Asked Questions
Want to learn more? Take a look at these frequently asked questions from people like you.
How do I make the most of a checking account from a local Indiana bank?
Find a local Indiana bank that offers the checking account services you need with the lowest fees. Try choosing a bank that offers a way to waive the monthly fees so your checking account is free and you satisfy the bank’s requirements.
What bank has the most branches in Indiana?
Chase Bank has the most branches in Indiana, with over 120 branches and in-network ATMs.
What is the highest-rated credit union in Indiana?
The Indiana Members Credit Union has the highest ratings in Indiana. They have 33 branches and over 145,000 members.
Do all banks have an online banking option?
Not all banks have an online banking option. If you want to bank online or use mobile banking, always ensure it’s a service the bank offers, especially local banks.
Which bank has no monthly or hidden fees?
It’s best to bank online if you’re looking for a bank with no monthly fees, like Ally Bank. Most brick-and-mortar banks charge fees to cover their overhead.
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