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Best Banks in New York 2023

New York is the financial capital city of United States, it is very difficult to choose the best banks in New York as there are hundreds of banks in the city. We have spent so much of time for research so that we can compile a list of the top 10 banks in New York. We have visited each and every bank in the city to serve the purpose. Also, New York City is the largest city in the US and the center of global financial activities. Often referred to by the sobriquets “The Big Apple” and “The City That Never Sleeps” the mega city has a population of 8.6 million people. There are several hundred banks located here, and each offers a unique approach to customer satisfaction. We performed a detailed survey of New York City banks, and the results are shared with you below.


However, with more than 4,500 banks to select from, finding the correct bank in New York is little difficult but our thorough research on APY, account maintenance charges, number of ATMs and branch accessibility, etc will surely help you. If you're looking for opening a bank account in New York City, we have a list of best banks for you. Read below to know more:

Best banks in  New York

These are the best banks in New York:

  1. Chase Bank
  2. M&T Bank
  3. New York Community Bank
  4. Valley National Bank
  5. Capital One
  6. Bank of America
  7. Apple Bank for Savings
  8. HSBC
  9. Santander Bank
  10. Citibank

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Chase Bank – Undoubtedly the most well know of all New York banks, Chase operates almost 900 branches all over the city. It is not only the most prominent bank in New York but also one of the largest in the US which means not only is there a branch in every zip code of New York but around the country. Chase provides to its customers a wide array of financial services. These include the checkings and savings accounts and much more – from home mortgage to credit cards and wealth management services. Chase also has an excellent banking app and website for those who wish to access their account remotely.

M&T Bank – Headquartered in New York M&T Bank has over 750 branches across eight states and Washington. However, the focus of its commercial activities is in New York. They offer every type of account and money market operations. The checking account has an annual return of 0.02%. While this is not remarkable, it is mostly the same as other banks. M&T Bank also provides the facility for CDs especially the 1-2 year deposits which boast of attractive rates.

New York Community Bank – With branches in over 150 locations spread across New York it is a superb regional player who provides excellent banking solutions for its clients. It has a history of acquiring other smaller banks, and this means it has continued to grow its reach and presence across the entire state. Surveys have shown that New York Community Bank has consistently performed well in customer satisfaction surveys and continues to be a leader in the East Coast. The bank has been commended for its prompt redressal of customer grievances, nominal fees and product menu aimed at all segments of the population. New York Community Bank offers checking and savings accounts as well as CDs to retail customers.

Valley National Bank – With a broad range of account options available Valley National Bank brings enormous value to the customers. Their Reward checking account requires a slightly high initial deposit of $100 but pays annual interest of 0.05% which is more than what one usually receives at large banks. Depending on different criteria such as minimum balance and number of monthly transactions the annual yield could potentially touch 2%. Valley National Bank also offers a variety of savings and money market accounts for growing wealth. The monthly fee is waived off for a deposit of $100 in checking account and $300 in a savings account.

Capital One - Capital One provides higher interest rates on a number of different savings and checking accounts. The Capital One 360° savings account has an annual interest rate of 1%. Compared to some large banks that give as low as 0.02% it is a bonanza. A big facility that they provide is the lack of any monthly fees or minimum balances. One can quickly open a savings, checking or a money market account without any worry of maintaining a required minimum balance. Capital One has a large number of branches in New York which is a departure from its usual practice of being an online bank in most other places.

Bank of America - Bank of America has a unique offering for young clients and students. Their Student banking account has no need of any minimum balance. It also does not charge any monthly fee from school or college student. The accounts can be operated through an excellent mobile app which allows easy access to the account regardless of where one is. Bank of America is one of the most reputed banks in the US and provides a considerable variety of investment and savings options which are hard for other banks to match. They also offer a gamut of credit cards and home loan and different types of mortgage loans.

Apple Bank for Savings – The bank operates exclusively in New York City and has a completely free checking account with no strings attached. Unlike other banks which only waive off monthly maintenance charges if some criteria such as average balance are met Apple Bank has ExtraValue checking account that unconditionally provides free access to all its services. Besides customers receive a $100 bonus if they are able to establish a monthly direct deposit from their employer or some other benefit program.

HSBC – HSBC is headquartered in London but is reputed as one of the most customer-friendly banks in New York. The global banking giant also offers a substantial annual interest of above 2% for those who maintain a $100 minimum balance. Repeated surveys have shown HSBC far outperforms other brick and mortar rivals when it comes to the resolution of disputes in a free, fair and transparent manner. There is also an attractive overdraft facility that does not charge any fee as long as the daily overdrawn balance does not exceed $10.

Santander Bank - Santander Bank provides the well known Student Value checking account. It is very popular among international students who live in New York. Not only is it free for those between ages 16 and 25 but the bank provides a huge discount on wire transfer charges. This makes Santander Bank the bank of choice for expatriate students. Though there are no monthly fees, there is a $3 fee for physical statement every month. The online statement option is, of course, free of charge.

Citibank – The retail arm of the NY based financial giant Citigroup offers a broad range of services and accounts that can be expected from a bank of colossal size. It provides up to $600 as sign up bonus and has hundreds of ATMs and branches spread across New York. The annual interest rate on the savings account is however only 0.04%. The checking account requires a minimum average balance of $500 to waive off monthly fees.



Branches with google map of the 10 best banks in New York

1.M&T Bank  Branches in New York

397 1st Avenue Branch Address 397 1st Avenue, New York, NY 10010, USA P2PC+PC New York, USA

11 W 42nd St Branch Address 11 W 42nd St, New York, NY 10036, USA Q239+M5 New York, USA

For more branches in New York follow this link M&T Bank Addresses in Google Map 

2.TD Bank Branch in New York 

Fashion Ave Branch - Address Q226+Q5 New York, USA

535 Madison Ave Branch - Address 535 Madison Ave #8, New York, NY 10022, USA Q26G+5M New York, USA

For more branches in New York follow this link TD Bank Addresses in Google Map

3.KeyBank Branch in New York

New Rochelle Branch Address 28 Lecount Pl, New Rochelle, NY 10801, USA W669+8Q New Rochelle, New York, USA

11 E 22nd St Branch Address 11 E 22nd St, New York, NY 10010, USA P2R6+6G New York, USA

For more branches in New York follow this link KeyBank Addresses in Google Map

4.Chase Bank in New York

221 Canal St Branch - Address 221 Canal St, New York, NY 10013, USA P292+47 New York, USA

407 Broadway Branch - Address 407 Broadway, New York, NY 10013, USA PX9X+H2 New York, USA

For more branches in New York follow this link Chase Bank Addresses in Google Map

5.Capital One Bank  in New York

1166 6th Ave Branch - Address 1166 6th Ave, New York, NY 10036, USA Q249+P3 New York, USA

301 W 125th St Branch - Address 301 W 125th St, New York, NY 10027, USA R26X+6G New York, USA

For more branches in New York follow this link Capital One Addresses in Google Map

6.HSBC Bank in New York

110 William St Branch Address 110 William St, New York, NY 10038, USA PX5V+F5 New York, USA

11 E Broadway Branch - Address 11 E Broadway, New York, NY 10038, USA P273+82 New York, USA

For more branches in New York follow this link HSBC Bank  Addresses in Google Map

7.Santander Bank in New York

Broadway Branch - Address 1350 Broadway, New York, NY 10018, USA Q227+72 New York, USA

2 Gold St Branch Address 2 Gold St, New York, NY 10038, USA PX4V+V4 New York, USA

For more branches in New York follow this link Santander Bank Addresses in Google Map

8.Apple Bank in New York

2100 Broadway Brach Address 2100 Broadway, New York, NY 10023, USA Q2H9+WG New York, USA

110 Church St Branch - Addres110 Church St, New York, NY 10007, USA PX7R+C7 New York, USA

For more branches in New York follow this link Apple Bank Addresses in Google Map

9.Charles Schwab Bank in New York

1300 6th Ave Branch - Address Q26C+GC New York, USA

P2R6+9X New York, USA

About the Author
Rebecca Wilkins
Author: Rebecca Wilkins
I am an investor banker, I have also worked with IMF for five years. I like to read books on world economy. Warren Buffett is one of my favorite investor. I love to share the little knowledge I have gained with the people around the world. Apart from finance and banking I love kids of all ages. All my worries fades away whenever I interact with kids.

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