Top Texas Banks for April 2023

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The finest financial institutions in Texas offer a diverse range of products and services to cater to various needs. They provide competitive APYs, manageable account prerequisites, and modern tools for managing accounts. In addition, these banks ensure convenient access through extensive ATM networks and local branch services spanning from the Texas Panhandle to the Rio Grande. Notably, they score high in terms of customer satisfaction.

The Top Banks in Texas for Branches

Based on data from the Federal Deposit Insurance Corp., Texas boasts over 390 banking institutions, all of which are insured by the FDIC. The collective assets of these banks in the state amount to $1.15 trillion.

The most prominent areas in Texas in terms of deposit volume are as follows:

  • Dallas-Fort Worth-Arlington
  • Houston-The Woodlands-Sugar Land
  • San Antonio-New Braunfels
  • Austin-Round Rock-Georgetown
  • McAllen-Edinburg-Mission

In the Lone Star State, numerous banks, including major national banks like Wells Fargo, Chase, Bank of America, and PNC, operate the highest number of branches.

The Banks with the Largest Number of Branches in Texas

The Top Banks in Texas for Customer Service

You deserve exceptional service and support from your chosen bank. The following list is comprised of the finest banks in Texas when it comes to customer service, as determined by J.D. Power's 2022 Retail Banking Satisfaction Study. On average, Texas banks achieved a satisfaction score of 666 out of 1,000.

Premier Texas Banks for Customer Satisfaction

Different Types of Banks in Texas

When setting up a banking relationship after relocating to Texas, there are several types of financial institutions available for selection. As a banking consumer, you will most likely have to choose from one of the following categories.

National Banks

Texas is home to large and well-known commercial banks that fall under the category of national banks. These banks typically have physical branches spanning multiple states. They offer an extensive range of banking products, such as checking and savings accounts, mortgages, credit cards, and investment services. The most prominent national banks hold trillions of dollars in assets.

Regional Banks

Regional banks are medium-sized financial institutions that maintain branches within a specific region of the United States, such as the Southwest or exclusively the states of Texas and Oklahoma. These banks typically provide a comprehensive range of consumer and business banking products. The Federal Reserve defines regional banks as having total assets between $10 billion and $100 billion.

Community Banks

The majority of banks in the United States fall under the category of community banks, serving limited areas. Their deposits primarily come from local communities, and they primarily focus on lending to local consumers and businesses. These banks may operate with only a few branches and offer a narrower range of banking products. According to the Federal Reserve, a community bank holds less than $10 billion in assets.

Online Banks

Texans have the option to engage in banking activities through online banks, which are not exclusive to Texas. These banks lack physical branches and operate virtually anywhere in the United States, providing services through online and mobile platforms. Since online-only banks do not have the expenses associated with staffing and maintaining physical locations, they can often offer competitive interest rates and lower fees, passing on the savings to customers.

Choosing the Right Texas Bank

Selecting the appropriate bank in Texas from the vast array of options can be a challenging task. To aid in this decision, consider the following factors:

Account and Service Offerings

Begin by determining the type of bank account or accounts you plan to open. Look for banks that offer these specific products as well as other services you may require in the future.

Typical bank accounts include checking accounts, savings accounts, certificates of deposit (CDs), and money market accounts. Full-service banks typically provide additional options, such as loans, credit cards, retirement accounts, and investment services.

Banking Fees

Financial institutions often impose charges for their services and specific transactions. In some cases, by fulfilling certain requirements such as maintaining a minimum balance, you can avoid the monthly service fees. Additional fees may include charges for overdrafts, excessive withdrawals, wire transfers, out-of-network ATM usage, and late payments.

Paying these fees can undermine the interest earned on deposit accounts. It is essential to inquire whether a bank charges fees or offers convenient methods to waive them before opening an account.

Interest Rates

Maximizing savings efforts can be achieved by earning higher interest rates. It is advisable to compare different banks to find the most favorable rates. Pay attention to whether interest is earned on all balances or if you need to maintain a specific amount to obtain the best rates.

Traditional banks typically offer rates that are similar to the national average, while online banks and credit unions often provide customers with higher rates.


When depositing money into a bank, it is important to ensure its safety and accessibility when needed. Some banks have restrictions on how you can access your funds. Look for banks that offer convenient ways to manage and access your money.

If you prefer in-person support, a local bank may be the ideal choice, but many banks provide options for managing accounts and conducting transactions online or through a mobile banking app or ATM.

Customer Service

There are instances when you require assistance from bank staff to obtain answers or access your funds. Look for a bank that offers customer support based on your preferences. Options may include in-person banking, phone and chat support, and private messaging through your online account. Some banks even offer virtual assistants capable of answering general account inquiries and performing basic tasks.

Guidelines for Banking in Texas

The optimal bank in Texas is the one that offers the accounts and services you need, provides exceptional customer service, and does not burden customers with exorbitant fees. Some banks impose minimal to no fees and offer competitive APYs (annual percentage yields) to savers. If you cannot find one bank that meets all your requirements, consider utilizing multiple banks.

The right choice ultimately depends on your specific needs and preferences. What may work for others may not necessarily be suitable for you. Select the best option now, and if it does not meet your expectations, you can switch banks at a later time to find one that aligns better with your goals.

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