California now has 136 operational financial institutions, excluding online-only banks and fintech companies like Chime Bank, according to the FDIC. Banking with a financial institution with a strong regional presence has advantages over banking with an online-only bank, which can save you money and simplify transactions.
Also Read:- Chase Bank Customer Service Phone Number
When you need to make a cash deposit, prove your identity, or interact directly with a customer support agent, being able to walk into a nearby branch can be crucial. The finest banks in California for 2022 have been selected after evaluating the state’s alternatives to assist you in navigating all of your possibilities.
Best Banks Near Me: List of Banks in California
The top 100 banks in the U.S. are regularly investigated and their performance is assessed by using a ranking system. Fees, branches, market share, online presence, customer service, interest rates, and the range of products are among the ranking factors. The top eight performers with locations in the state are represented on the list of the best banks in California.
8 Top California Banks
The next eight banks are suggestions if you’re looking for the “best banks near me” in California.
Why it stands out: With over $3 billion in assets, Chase is the largest bank in the United States and is well-known throughout California. There are more than 4,700 locations around the country, including roughly 400 in California.
In addition to having several locations, Chase is notable for the variety of products it offers. You will have access to credit cards, personal loans, and mortgages in addition to checking, savings, and CD accounts, each with a variety of account options.
Bank of America
Why it is notable: Bank of America is a sizable, nationwide bank with a strong presence in California. Throughout the state, there are 469 cities with branches. In addition to offering a good selection of account alternatives, Bank of America is a reliable source for auto loans, mortgages, and investment thanks to its affiliation with Merrill Edge, a B of A subsidiary that enables you to grow your savings through options for self-directed or guided investing.
Wells Fargo has approximately 5,000 locations, making it the bank with the most in the United States. Despite having a significant physical presence, it also has a stronger digital platform. The Wells Fargo mobile banking app receives a near-perfect rating of 4.6/4.8 out of 5 from millions of customers. The app’s straightforward, minimalistic design makes it possible to manage all of your accounts, investments, loans, cards, and insurance in one location.
Why it stands out: U.S. Bank offers a wide variety of checking and savings accounts for Californians who bank there. For getting direct payments, obtaining a credit card or loan, maintaining a minimum amount, or meeting other requirements, accounts offer minimal opening balance requirements and waived monthly maintenance fees. You can conduct banking via the well-designed mobile app or by going to one of the state’s almost 500 branches.
First Citizens offers one of the lowest requirements for opening a bank account, which is why it stands out. There are possibilities for free checking and savings accounts, and there are minimal starting requirements. Residents of Southern California can benefit from First Citizens’ banking services to the fullest. The majority of the 35 branches are situated in the Los Angeles/Orange County region and offer money market holders special benefits including limitless transactions.
Bank of the West
Why it stands out: Bank of the West is a smaller, community bank in contrast to the finest banks in California mentioned thus far. According to the analysis, it is one of the best regional banks. If you’d prefer to work with a smaller company that nevertheless has a substantial branch network, Bank of the West has 222 locations throughout the state, with a focus on Central and Northern California. Its corporate office is located in San Francisco.
Why it stands out: Since its founding in 1963, FirstBank has swiftly increased its market share despite being smaller than some of the other Californian banks that have been examined. There are outposts in Arizona and Colorado in addition to the ones in the Californian region of Palm Desert. Fortunately, if you don’t live close to a branch, you can still bank via mobile apps and the internet.