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Free Checking

Best Banks in Texas that offer free checking

Finding the Best Banks in Texas is no easy task. Texas is a huge state, so needless to say, they have many banking options.

For most people, your checking and savings account is your financial focus where money comes in, goes out and gives you a safe place to stash extra cash.

Choosing a bank is different for everyone. What's best for you may be different than what's best for someone else. We started by looking at the Texas Department of Banking's Top 100 Banks by Asset Size and narrowed it down to the 15 Best Banks in Texas based on several factors.

Bankiful evaluated the best banks in Texas by looking at four main factors:

  • Free checking with no strings attached. Many banks charge monthly maintenance fees unless you meet specific minimum balance or activity requirements.
  • Digital banking tools like bill pay, remote check deposits, instant transfer services, account management, free way to send and receive money, and basic self-service from your computer or a mobile app.
  • Savings products like high-yield savings accounts and certificate of deposits.
  • Financial products like credit cards, mortgage, personal and auto loans.

The following list represents the best banks in Texas in these categories. Use the list to help you choose the right bank for your needs.

15 Best Banks in Texas

1. BBVAOur No. 1 Choice for Best Banks in Texas

BBVA Online Checking Account BBVA offers free checking with no strings attached. That means you don't have to sign-up for direct deposit or  maintain a particular balance to enjoy free checking — it's just free. The BBVA Online Checking account is available in ALL States (except Alaska and Hawaii). There are 330 branch offices located throughout Texas.

BBVA Online Checking Features:

  • Open with $25
  • No Monthly Service Fees
  • Free ATMs at 55,000 Allpoint® and BBVA ATMs
  • Deposit cash and checks at Allpoint® Network ATMs
  • Complimentary Online Banking and Mobile Banking, plus Mobile Deposit® and Bill Pay
  • Popmoney® lets you send money to virtually anyone, within minutes, using an email address or mobile number
  • Easily keep track of your purchases and get instant transaction alerts on the go with BBVA Mobile Banking App
  • Earn cash back for everyday debit card purchases

Digital Banking: BBVA Mobile Banking App was named a leader in both the ease of use and the customer service categories in Javelin Strategy & Research's 2018 Mobile Banking Scorecard, marking the fifth consecutive year the app has been recognized as a leader in mobile banking by the independent research firm.

Savings Products:

  • Savings account – Earns 0.05% APY
  • Money Market account – Earns 1.90% APY
  • 12- Month Certificate of Deposit – Earns 1.80 % APY

Financial Products: Checking, Saving, Credit Cards, Personal, Auto and Mortgage Loans, HELOC and Investments.

Learn More →


2. Amarillo National Bank

Amarillo National Bank offers a Free Checking Account option that does not require a minimum balance or monthly service fee.

Free Checking Account Features:

  • Minimum Opening Deposit: $50
  • Average Daily Minimum Balance: None
  • Monthly Service Fee*: None
  • Statement Choices: E-mail or paper statements**
  • Unlimited Check Writing

Digital Banking: Online and mobile banking, online bill pay and mobile pay.

Savings Products:

  • Savings – Earns 0.80% APY
  • Money Market – Earns 0.90% APY
  • Certificate of Deposit – Earns 2.30% APY

Financial Products: Checking, Saving, Credit Cards, Personal, Auto and Mortgage Loans, HELOC and Investments.

Learn More →


3. American National Bank of Texas

American National Bank of Texas offers a Free eChecking account. This account allows you to make deposits, get environmentally-friendly eStatements and use online and mobile Banking.

Free eChecking features:

  • $50 minimum opening deposit
  • No monthly service fee with eStatements
  • Safe and convenient eStatements
  • Free ANBTX Visa® debit card
  • Free Online Banking with Bill Pay
  • Free Mobile Banking
  • Free MoneyHD™ Financial Management

Digital banking: The mobile banking app lets you deposit checks quickly and easily. With online banking you'll be able to schedule recurring payments, make a one-time payment, track your bill payment history, make bank-to-bank transfers and use pay-a-person to send electronic payments to anyone with an email address.

Savings products: 

  • Savings
  • Money Market
  • Certificate of Deposit

Financial products: Checking, Saving, Credit Cards, Personal, Auto and Mortgage Loans, HELOC and Investments.

Learn More →


4. Austin Bank

Austin Bank offers the Austin Star Checking Account is perfect for everyday banking, for students, or as a convenient second account.

Free Austin Star checking features:

  • $50 minimum required to open
  • No minimum balance required or monthly service charge
  • Free eStatements (paper statements without images are available for a $2 monthly fee)
  • Charges from Fee Schedule for Miscellaneous Services still apply

Digital banking: Enjoy free mobile banking with Austin Mobile™. You can access account information and activity, transfer funds and more – all from your mobile device.

Savings products: 

  • Savings
  • Money Market
  • Certificate of Deposit

Financial products: Checking, Saving, Credit Cards, Personal, Auto and Mortgage Loans, HELOC and Investments.

Learn More →


5. Broadway National Bank

Broadway National Bank offers the convenience of a big national bank but with a touch of personal service as a local bank.

Free checking features:

  • Unlimited Check Writing
  • Mobile Banking
  • Free Automatic Alerts
  • Free Online Bill Pay
  • Free Email Alerts
  • Free UrDesign Photo Debit Card*
  • Mobile Check Deposit
  • 24-hour Automated Access
  • Free Overdraft Protection Transfers from Linked Account
  • No fee to use Out of Network ATMs (ATM owner may charge a fee)

Digital banking: Enjoy free mobile banking. Access Mobile Banking with Bill Pay instantly after opening your account.

Savings products: 

  • Savings
  • Money Market
  • Certificate of Deposit

Financial products: Checking, Saving, Credit Cards, Personal, Auto and Mortgage Loans, HELOC and Investments.

Learn More →


6. City Bank

City Bank offers the Simple Checking Account with no strings attached. It takes only a minimum deposit of $50 to open the account. After your account is open, there is no required minimum balance and there is no monthly fee.

Free Simple checking account features:

  • E-Statements
  • No monthly service charge
  • No minimum balance
  • Free debit card
  • Unlimited check writing
  • Overdraft protection

Digital banking:Enjoy free online and mobile banking.

Savings products: 

  • Savings
  • Money Market
  • Certificate of Deposit

Financial products: Checking, Saving, Credit Cards, Personal, Auto and Mortgage Loans, HELOC and Investments.

Learn More →


7. Community Bank of Texas

Community Bank of Texas offers the Thrifty free checking account that requires $25 to open. After your account is open, there is no required minimum balance and there is no monthly fee.

Free Simple checking account features:

  • No monthly service charge
  • No minimum balance
  • Free debit card
  • Mobile and Online Banking
  • Overdraft protection

Digital banking: With online banking you get the freedom and peace of mind that comes from knowing you have 24/7 access to your money. Manage your transaction history, transfer funds, view alerts, pay bills and view check images and deposits.

Savings products: 

  • Savings
  • Money Market
  • Certificate of Deposit

Financial products: Checking, Saving, Credit Cards, Personal, Auto and Mortgage Loans, HELOC and Investments.

Learn More →


8. First United Bank & Trust

First United Bank & Trust offers the Freedom Checking Account that can be opened with $1. This checking solution is built to provide a basic, no minimum balance, no-frills checking account that’s economical and thoughtfully featured.

Freedom checking account features:

  • No minimum balance requirements
  • $1 minimum to open account
  • Free eStatements* with Personal Internet Banking
  • Earn basic My Bank Rewards with most debit card purchases
  • Access surcharge free ATMs at all First United, MoneyPass and Sheetz ATMs
  • Simple access to Internet Banking or Mobile Banking
  • Unlimited check writing privileges
  • Your own personal Visa® debit card
  • Check Safekeeping*

Digital banking: First United lets you securely transfer money, deposit checks, check balances and more–all on the go with their Mobile app.

Savings products: 

  • Savings
  • Money Market
  • Certificate of Deposit

Financial products: Checking, Saving, Credit Cards, Personal, Auto and Mortgage Loans, HELOC and Investments.

Learn More →


9. LegacyTexas Bank

LegacyTexas Bank offers a free checking account that you can open with a minimum deposit of $100. No minimum balance required. No monthly service charge.

Free checking account features:

  • No monthly service charge
  • No minimum balance required
  • Free Debit Card
  • Free Online & Mobile Banking
  • Free Online Bill Pay
  • Free Mobile Deposit

Digital banking: Manage your money on your terms with free online bill pay, free mobile app and free mobile deposits.

Savings products: 

  • Savings
  • Money Market
  • Certificate of Deposit

Financial products: Checking, Saving, Credit Cards, Personal, Auto and Mortgage Loans, HELOC and Investments.

Learn More →


10. Pioneer Bank

Pioneer Bank offers a free checking account with no minimum balance, free debit card, 50,000+ free ATMs, easy mobile app with check deposits at the snap of a pic. You can pay bills online, pay people from phone to phone, set alerts to keep tabs on your cash. Oh, and did we mention all this is free?

Free checking account features:

  • No monthly service charge
  • No minimum balance required
  • Free debit card, 50,000+ free ATMs
  • Free Online & Mobile Banking
  • Free Online Bill Pay
  • Free Mobile Deposit

Digital banking: Online banking gives you full control to monitor your accounts and move money securely. You can pay bills online, pay people from phone to phone, set alerts to keep tabs on your cash.

Savings products: 

  • Savings
  • Money Market
  • Certificate of Deposit

Financial products: Checking, Saving, Credit Cards, Personal, Auto and Mortgage Loans, HELOC and Investments.

Learn More →


11. Pinnacle Bank

Pinnacle Bank offers a free checking account that requires $100 to open. The free account is truly free with no monthly fee and no minimum balance.

Free checking account features:

  • Visa® Debit Card with UChoose Rewards
  • Online Banking
  • Online Bill Pay
  • Mobile Banking with mobile deposits
  • Account Alerts

Digital banking: Use your smartphone to pay bills or to manage your account and set alerts.

Savings products: 

  • Savings
  • Money Market
  • Certificate of Deposit

Financial products: Checking, Saving, Credit Cards, Personal, Auto and Mortgage Loans, HELOC and Investments.

Learn More →


12. Southside Bank

Southside Bank offers the Classic Free Checking Account that requires a $50 minimum opening deposit.

Free checking account features:

  • No monthly service fee
  • Online Banking
  • Online Bill Pay
  • Overdraft privilege
  • Check Writing

Digital banking: Enroll in online banking eStatements, mobile banking, bill pay, mobile deposit, online banking, pay-a-friend and text banking.

Savings products: 

  • Savings
  • Money Market
  • Certificate of Deposit

Financial products: Checking, Saving, Credit Cards, Personal, Auto and Mortgage Loans, HELOC and Investments.

Learn More →


13. TBK Bank

TBK Bank offers a totally free checking account that requires $50 to open.

Totally free checking account features:

  • No monthly maintenance service charge
  • No minimum balance
  • Unlimited check writing; no per-check charges
  • Free online banking with bill pay
  • Free mobile banking* and mobile deposit
  • Free eStatements with paper statements available
  • Free debit card†
  • Popmoney service available
  • $50 minimum deposit to open

Digital banking: Free online and mobile banking to manage your account, deposit checks, pay your bills, make transfers, view your transaction history, send money to people you know, set up real time push notifications and balance alerts.

Savings products: 

  • Savings
  • Money Market
  • Certificate of Deposit

Financial products: Checking, Saving, Credit Cards, Personal, Auto and Mortgage Loans, HELOC and Investments.

Learn More →


14. Texas Bank and Trust

Texas Bank and Trust offers a free digital checking account that requires $50 to open.

Free checking account features:

  • No monthly service charge
  • No minimum balance
  • Send money directly to friends, family or anyone
  • Online banking with bill pay
  • $50 minimum deposit to open

Digital banking: Enroll in online banking eStatements, mobile banking, bill pay, mobile deposit, online banking, pay-a-friend and text banking.

Savings products: 

  • Savings
  • Money Market
  • Certificate of Deposit

Financial products: Checking, Saving, Credit Cards, Personal, Auto and Mortgage Loans, HELOC and Investments.

Learn More →


15. USAA Federal Savings Bank

USAA Federal Savings Bank is one of the largest on this list offering free checking that only requires a $25 deposit to open.

Free USAA Classic Checking features:

  • No Monthly Service Fees
  • 60,000 USAA-preferred ATMs
  • No Minimum Balance
  • Industry-leading security measures
  • Overdraft Protection
  • Special features for military recruits

Digital banking: Enroll in online banking, send and receive money with Zelle, track spending, mobile deposits.

Savings products: 

  • Savings
  • Money Market
  • Certificate of Deposit

Financial products: Checking, Saving, Credit Cards, Personal, Auto and Mortgage Loans, HELOC, Insurance and Investments.

Learn More →


Ranking Disclosure: Data for this ranking was compiled from and verified against the individual institutions’ websites on Mar. 5, 2019. Rates, terms and conditions are subject to change at the discretion of the individual financial institutions. APY was based on the minimum deposit required to open the account. Some interest rates might be short-term or promotional offers only, and it is possible additional terms and conditions must be met in order to obtain the interest rates listed. Rates and availability might vary by region. Please verify terms and conditions before opening an account. Rankings are completely objective, and no institution, client or otherwise, paid for inclusion or specific placement.

types-of-bank-accounts
Banking

Types of Bank Accounts: How to choose the right bank account

Banks are all around you. But how do you choose between the types of bank accounts to fit your financial needs.

That’s what we help you do at Bankiful.

We research banks based on various needs of the regular consumer. But first let's start with the types of bank accounts available to U.S. Consumers.

Basic types of bank accounts

The two most popular types of bank accounts are checking accounts and savings accounts. Each account serves different needs.

  • Checking accounts are best for daily financial transactions. They are the most accessible type of bank account. Checking accounts allow you to deposit checks, make withdrawals, and pay bills either through writing paper checks or electronic payments. Most checking accounts come with debit cards, which you can use to make purchases and withdraw money from ATMs. Some checking accounts earn interest, and many charge fees for maintenance, ATM withdrawals and overdrafts.
  • Savings accounts allow you earn interest on your deposits and serve as an easy way to stash your cash. Savings account typically limit the number of free withdrawals you can make per month due to a federal rule called Regulation D. Under Regulation D you are limited to six monthly savings transfers or withdrawals. However, using an ATM or teller helps get around the limit. The national savings rate is a low 0.09% APY unless you open a high rate savings account.

Other types of bank accounts

While savings and checking accounts meet many financial needs, other types of bank accounts have their own advantages. Here are two more types to consider:

  • Money market accounts earn more interest than your basic savings accounts, but they require a higher minimum balance, usually between $5,000 and $10,000. Additionally, there is no fixed interest rate for money market accounts: Instead, the interest rate varies based on money markets. Some offer the option of checks, but there is often a minimum check amount and a limit to the number of checks you can write each month. The number of withdrawals allowed is also limited.
  • Certificate of Deposits (CDs) earn interest at a higher rate than money market or savings accounts, but the money is not accessible to you for a set amount of time—typically between a few months to a few years. Like money market accounts, they require a minimum initial deposit. CDs are excellent tools for saving money, but only if you’re sure you won’t need access to the money until the end of the CD’s term. If you’re forced to withdraw before the time is up, you’ll pay a stiff penalty.
  • Retirement accounts allow you to avoid paying income tax on interest you earn from a savings account or CD each year. But you may have to pay taxes on those earnings at a later date. Still, keeping your money sheltered from taxes may help you over the long term. Most banks offer IRAs (both Traditional IRAs and Roth IRAs, and they may also provide retirement accounts for small businesses.
This is what we look at when researching and recommending banks throughout the U.S.

Accessibility:
Is the bank based locally based or are there branches throughout the U.S.

Online Tools:
Can you do online what you would do in a branch

Mobile Deposits:
Higher than average interest rates on savings products

Customer Service:
Live help when you need to ask a question

Free Banking:
Are basic checking and savings accounts free so you can keep more of your money.

High Interest Savings Products:
Savings Accounts, Money Markets, Certificate of Deposits.

Second Chance Banking Products:
Second chance banking accounts for people with ChexSystems or EWS records who need a fresh start at managing a bank account.

Overall Financial Products:
Personal loans, Mortgage Loans, Car Loans, Student Loans, Business Loans. Lines of Credit, Credit Cards, Investment Products.

Bank Bonus:
New and existing customer opening cash bonus for opening an account.

You can open multiple bank accounts to fit your financial needs. Once you know how to open a bank account, the process can be duplicated for most banks whether you open an online account or visit a branch.

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