New Jersey has 130 different banks, so if you are planning to open an account or you need a loan, you are going to have a tough time choosing the best bank in New Jersey. Being the most popular state in the country, it has many banks available to serve its residents. Be it a businessman, student or home maker, everyone can enjoy the services of the banks in New Jersey. One needs to have a bank account regardless of the profession. You will easily find all nationalized banks in the state, along with a few local banks and credit unions that are doing well in the banking sector. To find a good bank for your requirements, start by listing what you are looking for in a bank. Once you have that, start visiting banks and comparing notes in terms of branch access, processing fees, and interest rates. Make sure you make the right decision.
The following is a list of the best banks in New Jersey to help you find the best bank that will suit your requirements.
TD Bank
This bank is a good bank for opening checking accounts with easy-to-waive-off fees. While there are a number of checking account options offered by the TD Bank, the most popular is the TD convenience Checking account, which is not associated with any minimum deposit requirement for account opening. Furthermore, you need to maintain a minimum balance of around $100 in the account, otherwise, you will be charged about $15 as the monthly fee. TD Bank is among the five largest banks in New Jersey, and hence, it has its branches at 250 locations in the state, and most of these locations are open 7 days a week.
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Valley National Bank
This bank is deemed the best bank for students in New Jersey. So, if you are a student between the age of 17 and 25, you should find the nearest Valley National Bank to get a number of benefits beyond those traditionally offered services to students. The Valley Bank’s student checking account has no fees. Plus, it offers all the modern facilities like online and mobile banking. There is also the potential to earn rewards of up to $150.
PNC Bank
This bank tops the list of quick access banks in New Jersey. This bank has branches in 300 locations in the state, and it is the best choice for individuals who like banking in person. PNC Bank beats all its competitors with its PNC Standard Checking account, which offers superior terms and conditions. This account needs an opening balance of around $2,000, and there is a monthly fee of about $15, which can be avoided by following a few simple rules. If your income is on the higher side, you can also go for PNC Performance Checking account, also an easy-to-maintain account that offers benefits such as free overdraft protection and better interest rates.
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