Banks With the Best Customer Service

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Your bank is an essential tool for handling your finances. Almost any bank or credit union can open checking and savings accounts, but a bank’s customer service is crucial—service issues and fees can drain your time as well as your bank account.

Several publications and research firms conduct studies that rank banks from best to worst. We’ve analyzed those ranking systems and compiled a list of banks with the best customer experience. Most studies only highlight the nation’s largest banks, but that might not be what you want. For a broader view, we’ll look at:

  1. Big banks
  2. Online banks
  3. Small banks and credit unions

The lines between different types of banks are blurring. For example, big banks have online-only options, while small credit unions provide a full range of services and extended customer service hours. The result––you have more choice than ever, and one institution can provide both high-tech and high-touch service.

Chase Bank

Chase Bank is the largest bank in the U.S. when it comes to assets, and the bank scored the highest of any big bank in a recent Consumer Reports survey. What’s more, Chase tied with PNC for “lowest problem incidence” in the J.D. Power 2017 National Bank Satisfaction Study. Mistakes happen everywhere, but apparently, they’re less frequent at Chase.

The Chase Total Checking account offers free checking for customers who set up automatic deposits of at least $500 per month into their accounts. That includes ACH and other deposits, so you don’t necessarily need an employer with direct deposit. Other features include free online bill payment and check deposits with your mobile phone.

Other megabanks: Chase has good coverage in most populated areas, but other banks might be a better fit. PNC also scores well in satisfaction surveys and has a strong presence in the eastern U.S. Bank of America and Wells Fargo are also contenders. However, B of A gets just average scores, and Wells Fargo has been in the headlines for misbehaving in recent years.

Ally Bank

Online-only accounts might do everything you need. It’s increasingly rare to need in-person services from a bank—but it’s still wise to have options locally. Online banks typically pay the highest rates on savings accounts, they keep fees low, and they use technology that self-sufficient individuals crave.

Ally Bank does well on the Consumer Reports study, and it has a well-established place in the online banking world. You earn a competitive rate without any minimum balance requirement, and there are no monthly maintenance fees. Like similar competitors, Ally also offers an online checking account that pays interest and is excellent for paying bills. Ally’s certificates of deposit (CD) options include liquid CDs that allow you to pull funds out before maturity.

Other online banks: Ally isn’t the only online bank with great customer service. Consumer Reports also identifies Schwab Bank and USAA as options with “easy-to-use online transactions and useful websites.” USAA isn’t strictly an online bank and is limited to military members and their families, but customers seem to love the service at USAA.

Small Banks and Credit Unions

You don’t need a national brand for excellent banking services. Small financial institutions can provide everything you need along with great customer service.

Include local banks and credit unions when you’re shopping for a new bank. Consumer Reports found that 96 percent of credit union members are “highly satisfied,” compared to 80 percent of customers at the three largest megabanks. That rating “is driven by good customer service.”

At small institutions, you’re more than just a number. You’re a community member, and you might even work with the same people every time you contact your bank. With friendly, familiar, and skilled customer service, it’s hard not to be satisfied.

A small institution doesn’t necessarily have limited capabilities. For example, credit union members nationwide can use over 5,400 shared branching locations to walk into a branch and complete basic banking transactions in person or at an ATM. Only Wells Fargo and Chase have more branch locations available.

What’s more, some small institutions are leading the way with technology that enhances customer service. Coastal Credit Union began using video tellers in 2005, so members can work with a live teller seven days per week from 7:00 a.m. to 7:00 p.m. Samantha Paxson, chief experience officer for CO-OP Financial Services, notes that there is essentially “no gap in what banks can provide compared to credit unions anymore.”


What Types of Banks are There?

There are a lot of different types of banks that generally fall into two categories, either online or brick and mortar. Brick and mortar banks have physical locations, which are often called “retail” locations. These banks are great for individuals or companies that need to deposit a lot of cash or who need to go into a physical location periodically to transact business. 

Online banks are just as they sound; they operate entirely online and don’t generally deal with cash. For individuals that can do all of their banking virtually, an online bank may be the better option because of the convenience factor: Your accounts can be managed from a mobile device or computer, with no need to waste time driving to and standing in line at a physical location. Many traditional banks are getting better and better with their online options, so you may be able to find a combination of what you’re looking for with a brick and mortar bank.

How Do Online Banks Work?

Online banks offer all of the same services that a traditional bank offers, including depositing and transferring money, but each does it without retail locations. With an online bank, you’ll have to do all account management and activity either online on your computer or via your mobile device. This includes depositing checks, transferring money to different accounts, and paying bills online. Online banks are still generally insured with the Federal Deposit Insurance Corp. and are safe to use. 

What Type of Customer Service Do Banks Offer? 

Banks offer a variety of customer service options and availability. Many banks offer 24/7 support via telephone, in addition to online chat or email support for all of your questions or needs. You may not be able to get help with some banking activities if the banks and financial markets aren’t open, so it's important to know when to call or reach out in order to get the help you need. 

How We Chose the Banks With the Best Customer Service

We evaluated more than two dozen of the best banks nationwide, including big banks, online banks, and small credit unions. We evaluated all of them based on a number of factors and narrowed the list down to our top 2 options that offer the best customer service. We evaluated not only the customer service options that each bank offers but also weighed the bank’s features, ease of use for their online options, and how well the customers of each bank has reviewed it.