Michigan is home to many banks that you can choose from. It has banks of all sizes and stature, and you can pick one based on the services you are looking for. Every bank is different, and every individual’s financial needs are different as well. So, the best way to find the best bank in Michigan is to first make a list of what you need from your bank and then start investigating n looking out for one. Make sure you research well on the banks and compare their services before you make a decision.
Here is a list of some well-known banks in Michigan that will help you meet your financial needs.
Huntington National Bank
This bank is found at many locations in Michigan. This bank has over 500 branches in the state, making it one of the most accessible banks here. It is also the most preferred bank for checking accounts, which it offers on three different levels. It is appropriate for a wide range of financial needs. Huntington bank provides a checking account for free and without the need for any monthly activity. This bank also offers a 24-hour grace period on overdrafts so that you can repay the bank on time and avoid heavy penalties. Huntington Bank is also a great place to get some value out of savings and investments.
Chase Bank
Chase Bank is the best bank for students. It provides checking options for students enrolled in Michigan State’s many famous institutes and operates in the campuses of all the nationally recognized institutes. The checking account for students is available to students between the ages of 17 and 24 years. It can also be used after graduation and converted into any type of account offered by Chase. The bank has a wide presence in the state, so finding a brick and mortar branch for personal attention is not a challenge.
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Range Bank
This bank is a good option if you live in the Upper Peninsula. It has decent bank coverage in Michigan and provides almost all the features provided by top end banks like Chase and Huntington. The best thing about Range Bank is that it is a local bank and hence understands the needs of the people of Michigan better. Because of this reason, Range Bank provides some really great services that work wonders for local communities. Further, the checking options offered by this bank are highly affordable and have zero minimum requirements.
PNC Bank
This financial institution is an excellent bank for savings in Michigan. Its virtual wallet is very popular among individuals who want to save towards a customized goal. This wallet allows users to set up automatic transfers so that a particular amount is reserved every month. The Virtual Wallet also offers 0.05% to 0.80% APY depending on the account balance. This interest can be increased further by opting for the Performance Select account, which is free if you can deposit $5000 every month or maintain an average balance.
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