Best Banks in Ohio – Forbes Advisor

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The best banks in Ohio offer a wide selection of financial products to meet your needs. From Cleveland to Cincinnati, you’ll find low balance requirements, attractive APYs, and quality digital banking tools. These top Buckeye State banks also score high in customer satisfaction and offer convenient locations and extensive ATM networks.

Best Banks in Ohio for Branches

The 175 banks operating in Ohio hold more than $4.67 trillion in total assets, according to the most recent data from the Federal Deposit Insurance Corporation. Despite its moderate size, Ohio plays an important role in the US banking industry. In fact, Ohio’s banks hold more wealth than California, New York and Texas combined.

The largest state deposit markets include these urban areas:

  • Akron
  • Cincinnati
  • Cleveland-Elyria
  • Columbus
  • Toledo

But no matter where you live, you will find bank branches available throughout the state. The two banks with the most branches are based in Ohio: Huntington Bank, headquartered in Columbus, and Fifth Third Bank in Cincinnati. These are followed closely by the major national banks PNC, Chase and US Bank.

Colorado’s Best Banks for Customer Service

Excellent customer service continues to build bank loyalty. The banks in the table below were ranked first in overall customer satisfaction for the North Central region in JD Power’s 2022 Retail Banking Satisfaction Survey. The region includes Ohio as well as Indiana, Kentucky, Michigan and West Virginia.

Banks in the North-Central region obtained the highest average satisfaction score of the 15 regions studied. Additionally, three Ohio-based banks – Huntington, Fifth Third Bank and KeyBank – were in the top 10.

Types of Banks in Ohio

Ohio offers a wide variety of banks serving local governments, businesses, and private customers. The most common types of personal banks are shown below.

National banks

National banks are large, well-known banks with branches across the United States. Their size allows them to offer a wide variety of products, including checking and savings accounts, credit cards, investment accounts, mortgages, and personal loans. Five of the top 10 national banks, including Chase, PNC and US Bank, have physical branches in Ohio.

Regional banks

As their name suggests, regional banks operate in a wider geographic region, but not nationwide. These medium-sized banks hold between $10 billion and $100 billion in assets. Regional banks operating in Ohio also serve surrounding states and offer a good mix of personal and business products. Popular regional banks include First Financial Bank and WesBanco.

Community banks

Community banks, also called local banks, operate on a smaller scale with less than $10 billion in assets. These banks tend to tailor their products to the unique needs of the community and small businesses. The major community banks in Ohio are Park National Bank and Woodforest National Bank.

Online banks

Unlike the banks above, online banks are not bound by geography. These banks have grown in popularity as online and mobile banking has developed. Because they don’t have physical locations, online banks often offer much higher interest rates than the national average. If you prefer in-person service or need a full range of financial products, these banks might not be right for you.

Ohio residents can take advantage of online banking with Capital One 360 ​​Bank, American Express Bank, Discover Bank, and Marcus by Goldman Sachs, among others.

Find the best online banks of 2022

How to choose the right bank of the Ohio

Here are some factors to consider when looking for the best bank in Ohio.

Accounts and services

When choosing the best bank in Ohio, consider the types of accounts and services you need. In addition to checking accounts and savings accounts, some banks offer a wider range of savings vehicles, including certificates of deposit (CDs), money market accounts (MMA) and individual retirement accounts (IRAs) . Full-service banks typically offer mortgages, personal loans, credit cards, and investment services.


Don’t make the mistake of paying more fees than necessary. Common bank charges include monthly service charges, late fees, overdraft fees, and ATM fees. You may also pay fees for wire transfers and cashier’s checks. Before opening an account, it is important to understand the bank’s fee structure and ensure that your usual spending habits will not result in unnecessary fees that will reduce your ability to save, invest or repay your debts. debts.

Interest rate

Higher interest rates help you build up your savings faster. Large national banks generally offer minimal interest, while online banks and community credit unions offer significantly higher rates. The Annual Percentage Yield or APY may be fixed for an account or may vary depending on the account balance. Some banks, like Ohio-based Wright-Patt Credit Union or Pathways Financial Credit Union, offer higher APYs on smaller balances.


A key factor in choosing the best bank in Ohio is convenient access to your money. If you regularly need to deposit money or go to an ATM, consider banks with branches or ATMs near your home or workplace. If you prefer to bank remotely, finding a mobile banking app that supports mobile check deposits should be a priority.

Customer service

If in-person customer service is essential to you, consider opening your account at a branch to get a feel for the level of service. If you prefer to interact online, many banks offer virtual assistants or in-app chat with support specialists. Almost all banks offer phone and email support.

Ohio Banking Tips

Ohio has a strong banking presence, so be sure to explore all of your options. You might find that one bank is best for your checking account, while another bank offers lower mortgage rates or higher interest on savings accounts. You can always bank at more than one financial institution, and it’s simple to switch banks if needed.

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