Introduction
The state of Massachusetts, also known as The State, is an economic hub of the US driven by education, manufacturing, healthcare, technology, and industry. Whether you are starting a startup or running a family business in a small town, choosing a reliable bank plays a vital role in achieving your financial goals. In this article, we will tell you about the best banks in Massachusetts. Along with this, we will highlight their features, services, and benefits. Along with this, we will also compare them with other banks to see what kind of services they provide to the customers. Along with this, we will also focus on customer satisfaction to help you choose your bank.
Table of Contents
List Best Banks in Massachusetts
Importance of Banking in Massachusetts
Massachusetts has a wide range of bank options including regional banks, national banks, and credit unions. These offer a wide range of services to choose from, such as savings accounts, checking accounts, and investment services. These will not only protect your money but also help you make financial management easier. This specialized institution is also more expensive than other banks in the US.
1.Citizens Bank
Features and Benefits
Citizens Bank is the most popular bank in Massachusetts with 192 branches across the US and over 3,000 ATMs. It is also known as the Bank of Customer Service. It also offers direct deposit and credit protection. Citizens Bank’s One Deposit Checking Account can be opened by depositing any amount. In this, you are forgiven by making at least one deposit. Apart from this, if you are under 25 years of age, then your student checking account is available without any market benefit fee. Also, you can start with a monthly service charge of $4.66.
Why choose it
- Huge network – Massachusetts Bank has more than 257 branches and more than 1000 ATMs.
- Education – This bank also provides you with an education loan program, in which students are also helped in increasing the fees every year.
- Digital Banking – Online and mobile banking facility of this bank is available 24 hours, due to which customers also get help in doing digital transactions easily.
More Read-citizens bank hours full hours and holidays
2.Rockland Trust Bank
Features and Benefits
Rockland Trust Bank was voted the number one bank in Massachusetts in 2025. This bank is also known for its community services and KEDO. The main feature of this bank is free checking accounts. In which no minimum balance is required. Rockland Trust Student Checking and Checking Account are also available for service without monthly interest fee. In this, students do not have to pay any other fee for ATM transactions.
Why choose
- High customer satisfaction – In this bank you get free check and statement form.
- Presence – This bank has more than 80 branches and more than 200 ATMs in Massachusetts.
- Digital facility – In this, you can easily transact on the mobile banking portal.
3.TD Bank
Features and Benefits
TD Bank is America’s most convenient bank which has a strong presence in Massachusetts with more than 150 branches. This bank mainly offers three types of checking accounts in which you do not need a checkless account or daily amount, in this you also get an order. In TD Bank, you can earn interest of more than $100000 in savings account. Along with this, there are some other types of bank accounts in which you can also take a loan at low interest.
Why choose it
- Award winning services– TD Bank provides convenience to its customers and also organizes some award related programs in which customers can also win some types of prizes.
- Wide network- It has more than 200 branches in Massachusetts and more than 3000 ATMs which provide good services to the customer.
- Direct deposit- It will also allow you to receive salary two days earlier.
4.Salem Five Bank
Features and Benefits
Salem Five Bank This is the best option for bank relationship. In this you can open a checking account with low and minimum amount. Salem Five Bank also provides you savings account with no monthly fee. This is a good option for those who want to deposit for a long time so that they can get some return in future. Mainly checking and savings accounts are opened in it.
Why choose it
- Low Fees- You do not have to pay any monthly fee in this.
- Location– It has many branches and ATMs in Massachusetts which provide you 24-hour facility.
- Customer Service- You also get 24-hour facility in this, you can also get this facility online.
5.Digital Federal Credit Union
Features and Benefits
Digital Federal Credit Union Customer Service: Best union for customer service. It offers you day accounts with low interest rates. It also offers you many types of insurance. It also provides you financial education.
Conclusion
In Massachusetts, we have told you about five such banks which you can choose according to the business of each person and your needs. These banks include Citizens Bank, Rockleigh Trust, and are also the best for digital services. Some of these banks like TD Bank, provide services to its winners. Also, there are some credit unions which provide digital Federal Credit Union at low interest rates. In this case, you can choose a bank by keeping in mind the digital facility and fee structure, which also helps you in fulfilling your financial goals. These central banks are also known to have high customer culture. You can read some of these below.
(FAQ)
- Which is the best bank in Massachusetts?
It depends on your needs which bank you choose. You can choose banks according to your convenience.
2.. Do I have to maintain a minimum balance to avoid monthly fees?
This amount may vary in some banks. Some banks offer check-in accounts in which there is no requirement to maintain any minimum balance. But some banks also give special conditions to waive the terms which the customers have to fulfill. You can choose the banks according to you.
- Are credit unions better than banks?
Yes, credit unions are better than banks because they offer you low interest rates and also provide you good facility of digital transactions.
- How do I open a bank account in Massachusetts?
First of all you need identity proof, minimum deposit amount, and certificate. Many banks also help you open it online.