Texas is one of the biggest states in the country and hence, it has close to 500 different banks that cater to different financial needs. Texas is a state of mixed requirement. On one hand, the state’s metropolitan cities need modern banking facilities while on the other hand, rural Texas needs help with traditional banking and agricultural loans. The banks provide for both the rural and the urban Texas natives efficiently and some have even developed localized services that are great for Texan people. Following is a list of the largest banks in Texas that are also the best banks in Texas.
BBVA Compass
This is the top bank in Texas for its no monthly fee checking accounts. Compass is one of the few large banks in Texas that provide free checking account with no activation fee. According to the bank, this account saves the patrons of the banks around $120 annually. The base version of the checking account which is called ClearChoice Free Checking account is free but Compass offers various options wherein a customer can add many paid features like the fee for ATM transactions and fee for safe deposit box. This helps customers to pay for what they want and save in activities that they do not need.
Frost Bank
This bank is popular amongst Texans for its excellent customer service. This bank can always be found on the top of the customer satisfaction surveys and best practice studies. We can safely say that this is the best bank in Texas for customer satisfaction. Frost bank refrains from all the unfriendly tactics that do not put customer’s above all the rules and has even removed the mandatory arbitration clause from its account agreement. Frost Bank’s personal account is better than the accounts provided by many national banks. This account costs around $5 every month but can be free if you can maintain $100 as a minimum balance. It also provides excellent checking account options for students and for customers with higher balance.
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Wells Fargo
This bank is the easiest to access the bank in Texas. This bank has a high concentration of branches and ATMs in Texas, making it a good choice for individuals who prefer in-person banking. Wells Fargo’s financial services are average and standard. This bank can be used to compare the local banks for their efficiency and the kind of services provided. In most cases, the local banks will provide better services than Wells Fargo but they cannot win over this nationalized bank’s presence and dependability. This bank is a good place for individuals who prefer to keep all their finances in one place.
Capital One
This bank in Texas gives the highest interest on the savings account. The most popular service of this bank; Capital One 60 Savings Account yields 1.00% on any amount. This percentage is better than every national and local bank in Texas. Capital One is the top choice of people looking for investment options because of its better services and prefers in-person banking. Capital One also provides one of the best checking options in Texas.
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