Best Banks in Ohio

If you’re looking to open a bank account as an Ohio resident, you’ll be glad to know there are plenty of quality banks in Ohio.

Whether you’re looking for a national, regional, or community bank, many financial institutions offer excellent banking services.

Below, we’ve listed the best banks in Ohio, including account options, fees, and other important features to consider when choosing a bank.

9 Best Banks in Ohio

1. U.S. Bank

  • Offers: Checking, Savings, Credit Cards, Loans, Wealth Management
  • Savings monthly fee: Starting from $0
  • Checking monthly fee: Starting from $4.95

U.S. Bank is the trade name of U.S. Bancorp – one of the biggest banks in the US. It is a full-service bank serving both personal and business customers. The bank operates more than 3,000 branches and almost 5,000 ATMs.

There are five savings accounts to choose from, including Money Market accounts with monthly maintenance fees starting from $0 and going up to $10 for the Elite Money Market Account. The minimum deposit for opening an account varies between $25 and $100. The interest rate is 0.01%.

The selection of checking accounts is equally varied, with monthly fees starting at $4.95 for a Safe Debit Account. While you can’t avoid this fee, other accounts have fees you can avoid when meeting certain criteria.

U.S. Bank also offers credit cards, debit cards, car loans, and mortgages, among other products and services.

2. Chase Bank

  • Offers: Checking, Savings, Credit Cards, Loans, Wealth Management
  • Savings monthly fee: Starting from $5.00
  • Checking monthly fee: Starting from $4.95

Chase Bank is the largest national bank in the U.S., with more than 4,700 branches and 16,000 ATMs. Currently, it is offering new customers opening a Chase Total Checking account a $200 bonus when meeting eligibility criteria.

Checking accounts are categorized into everyday accounts, premium accounts, and accounts for kids and students. Monthly service fees start at $4.95 for the Chase Secure Banking account and go up to $35 for the Chase Private Client Checking account.

There are two savings accounts to choose from, with services fees ranging between $5 and $10. Interest rates start at 0.01% and top out at 0.02%.

Chase offers all the other products and services you might want or need, making this a potential one-stop shop for all your banking needs.

3. Fifth Third Bank

  • Offers: Checking, Savings, Credit Cards, Loans, Investments, Insurance
  • Savings monthly fee: $5.00 per month
  • Checking monthly fee: Starting from $0

Fifth Third Bank is a regional bank headquartered in Cincinnati, serving the Midwest. It has over 1,100 branches and almost 2,500 ATMs. It is quite involved in the communities it serves through its charitable foundation and various programs.

Fifth Third Bank offers one traditional account and several specialized accounts, including accounts for military personnel, people of determination, and those looking to manage their finances better.

The bank also offers a wide selection of savings accounts, including accounts for health and education, as well as two traditional savings accounts.

Both the traditional savings accounts have a monthly fee of $5.00, which can be waived when meeting certain criteria. The APY (Annual Percentage Yield) interest rate is 0.01%.

There are four different credit cards to choose from, as well as loans, insurance, and investment products.

4. Huntington National Bank

  • Offers: Checking, Savings, Investment Accounts, Commercial Banking, Credit Cards, Loans
  • Savings monthly fee: From $4 (waived with any other personal checking account)
  • Checking monthly fee: Starting from $0

With over 500 branches all over Ohio, Huntington National Bank is a solid choice offering some of the best checking accounts.

There are several account types to choose from — from basic to more premium. With the premium checking account — Huntington Platinum Perks Checking — you can earn interest.

However, the basic account, Asterisk-Free Checking, is free to open and maintain. It also has a great perk – a 24-hour grace period to avoid overdraft fees.

The bank has a handy app with a high rating for online banking, including mobile check deposits.

If you’re stuck and need support, the bank has a helpline, a Twitter feed, and an automated chat.

5. PNC Bank

  • Offers: Checking, Savings, Virtual Wallet, Credit Cards, Loans, Investments
  • Savings monthly fee: Starting from $5.00
  • Checking monthly fee: Starting from $5.00

PNC Bank is one of the largest banks in the U.S., operating in 27 states and the District of Columbia. It has over 2,600 branches and more than 9,500 ATMs.

PNC serves personal customers as well as corporate, institutional, and those owning a small business. It is a component of the S&P 500 and trades on the NYSE as PNC.

PNC does things a little bit differently than many of the other banks reviewed. While it offers traditional checking and savings accounts, it also provides an account that combines the two into one. This account brings together the best of both worlds, and you can get a bonus of up to $400 when opening a Virtual Wallet account.

There are three Virtual Wallets to choose from with monthly fees starting from $7.00, which can be waived. Of course, you can still opt for a traditional savings and checking account combination if this is what you want or need.

APY interest rates on savings start at 0.01% and can go up depending on your chosen account and your account balance. You’ll also find other products and services, including mortgages, lines of credit, credit cards, and many others.

6. First Financial Bank

  • Offers: Checking, Savings, Loans, Credit cards, Prepaid Cards, Investments
  • Savings monthly fee: Starting from $0
  • Checking monthly fee: Starting from $0

First Financial Bank is a regional bank servicing customers in Ohio, Kentucky, and Indiana. It has one of the oldest charters in the U.S. and has received an award for outstanding commitment to the communities it serves.

There are six checking accounts to choose from, including two that earn you interest and a student checking account. Monthly fees start at $0 and go up to $45. However, these fees can be avoided when meeting the applicable criteria.

Savings accounts are just as varied, with five accounts to choose from, including Money Market Accounts. The most basic savings account is called DREAMmaker Savings and comes with no monthly fee and basic interest. You’re only allowed one free withdrawal per statement period, with anything above that costing $12.50.

At First Financial Bank, you will find many other products and services, including credit cards, loans, and investment options.

7. KeyBank

  • Offers: Checking, Savings, Loans, Lines of Credit, Credit Cards, Investments, Insurance, Debt Consolidation
  • Savings monthly fee: Starting from $4.00
  • Checking monthly fee: Starting from $0

KeyBank is a regional bank based in Cleveland. It has offices in 39 states with close to 1,200 branches and over 1,500 ATMs. It is very involved in the communities it serves, offering a Community Benefits Plan and publishing ESG (Environmental, Social, and Governance) reports.

Checking accounts start at $0, with two accounts coming in at this price point. Prices go up to $50 per month for the Key Privilege Select Checking account, which offers premium services and better rates and discounts than other accounts.

Savings accounts start from $4.00 per month, which fee can be waived. The minimum account opening balance varies by account but starts at $10. APY interest rates vary between 0.01% and 0.05%, depending on the type of account and the account balance.

KeyBank offers many other products and services, including resources and tools to help you budget and save money.

8. Park National Bank

  • Offers: Checking, Savings, Loans, Lines of Credit, Credit Cards, Investments, Planning
  • Savings monthly fee: Not disclosed
  • Checking monthly fee: Starting from $0

Park National Bank is a community bank serving Ohio, the Carolinas, and Northern Kentucky. It operates some 96 locations focusing on personalized service and strong leadership.

They offer four different checking accounts, with the Simplicity Account making for basic, no-frills options. It has no monthly fee as long as you opt for electronic statements and includes free introductory checks and overdraft protection options.

There is one traditional savings account and several specialized ones, including HSA and a Christmas Club Savings Account. While they do not disclose the monthly fee for the savings account, you’ll need to maintain an average balance of just $250. At the same time, interest rates vary between 0.01% and 0.30% — depending on your account balance.

Park National Bank offers several other products and services, including loans, credit cards, investment options, and financial planning.

9. The Savings Bank

  • Offers: Checking, Savings, Loans, Credit Cards
  • Savings monthly fee: Starting from $2
  • Checking monthly fee: Starting from $2

The Savings Bank is an Ohio community bank founded in 1912. Since then, it has made many acquisitions and operates six branches. The Savings Bank offers most if not all of the daily banking products and services you might need.

They have a large selection of checking accounts, including a free checking account for those who are or have been in active duty service. On the other hand, their Smart Essentials Checking has a monthly fee of $2.00. It comes with access to mobile banking, online banking, and Bill Pay, among others.

Their savings account options include a traditional savings account and more specialized ones such as HSAs, IRAs, and others. Unfortunately, the bank only gives interest rates over the phone, so be sure to give them a call if you’re thinking about opening an account at this bank.

The Savings Bank also offers credit cards and personal and business loans.

Things to Consider When Choosing a Bank in Ohio

With so many banks to choose from, picking one can be a challenge. That’s why it helps to look at each bank’s offers to find a good fit. Doing so can help you ensure that your banking experience is more enjoyable — and help you grow your money.

Here’s what you should look for when choosing your next bank in Ohio.

  • Banking Services: Not all banks offer all services. Take the time to understand what you do and don’t need, and look for a bank to cover all your necessities.
  • Fees: From ATM fees to overdraft fees and minimum balance requirements, fees can cost you a lot. Often, however, they cover perks that you might find useful, making them worth considering.
  • Bank Branch Locations: If you prefer banking face-to-face, physical branch locations can be important. After all, you want to ensure you can easily visit the branch whenever you need. On the other hand, if the thought of standing in a queue is enough to make your palms sweat, look for a bank with a good mobile app and internet banking.
  • Member FDIC: FDIC-insured banks cover depositors up to $250,000 and, in some cases, even more. While it’s highly unlikely that a bank will go under, this insurance is free and grants customers peace of mind.
  • Future Financial Growth: It is well and good to find a bank that can service your current needs, but it’s even better if it can cater to your future goals too. Whether you’re thinking about opening a business checking account or taking out a mortgage, a solid relationship with your bank can help you get further.

Frequently Asked Questions

What is the number one bank in Ohio?

The biggest bank servicing Ohio is Chase Bank. Whether this makes it the number one bank depends on what you consider important for a bank to have.

In our bank reviews above, we looked at products and pricing, giving you a good and clear picture of the best banks in Ohio so that you can easily pick the number one bank for you.

What is the safest bank in Ohio?

All banks with FDIC insurance are safe since they are insured and undergo regular checks to ensure they can service their customers. Big banks such as Chase and PNC might be considered safer. However, regional and community banks tend to be just as safe.

Is Wright Patt Credit Union a good bank?

In 2019, Forbes ranked Wright Patt Credit Union as the best credit union in Ohio. While it is not a bank, credit unions can be a great alternative to traditional banks, often offering lower fees and better interest rates.