The Best Banks in Texas

Whether you are looking for a bank in Austin or Dallas, you will have national banks, regional banks, small business banking, and online accounts at your disposal.

Chime and Revolut are among the best and most trusted mobile checking account apps in the US. Chime focuses on domestic financial services while Revolut gives you access to cheap international transfers, multi-currency accounts, and perks for travel.

As licensed banks, Capital One in Texas and USAA Bank will be able to issue loans, mortgages, and wealth management services to you. If you are a small business owner in Texas, then local-based banks like USAA Bank or business checking accounts like Novo can help you streamline and scale your finances.

To find the best option for your needs, we detail the 5 best banks in Texas below —

How to Choose the Best Bank in Texas

To help you choose the right bank for you, we keep in mind the following factors:

• Safety: We look for companies that partner with FDIC-member banks, which means your deposits are insured up to $250,000 per depositor, per bank, for each account ownership category. This insurance is provided by the Federal Deposit Insurance Corporation (FDIC), an independent agency of the United States government.
• Account Services: Most providers offer checking, savings, certificates of deposits, and money market accounts. Fully-fledged banks offer loans, credit cards, retirement accounts, and investments.
• Fees: Be aware of banks that charge monthly maintenance fees or fees for performing transactions like ATM withdrawals, wire transfers, late payments, overdrafts, or dipping below the minimum balance.
• Interest Rates: According to the FDIC, traditional banks generally offer the national average savings rate (0.35% as of Feb 2023). Credit unions and online banks tend to provide better rates to maximize your savings efforts.
• Convenience: For in-person support, a regional bank or credit union may suit you well. Mobile banking apps and online accounts provide 24/7 access to your funds — directly with your smartphone.
• Customer Service: Brick-and-mortar banks may be useful for personalized wealth management, such as loans, retirement accounts, and investments. Other providers have user-friendly platforms with phone and chat support, private messaging, and virtual assistants.

Now let's dive into your best options for banks in 2022 as a resident of the Lone Star State:

Best Mobile Checking Account App: Chime

Chime is one of the most widely trusted mobile checking account apps in the United States. It offers a range of useful financial services with no minimum deposit requirement, no credit check to apply, and no monthly maintenance fees.

Chime's main offering is its Chime Checking Account and debit card, which gives you access to over 47,000 fee-free ATMs at Walgreens, Target, and others stores in Texas and across the country. You can set up a direct deposit and get your paycheck up to 2 days earlier than some traditional banks too.

When you open the checking account, you have the option of opening Chime's High Yield Savings Account. Its Annual Percentage Yield (APY) is 0.75% — effective as of January 29, 2026³. You can set up the 'Round Up' feature to round transactions to the nearest dollar and automatically place the difference into your savings. The 'Automatic Savings' feature automatically transfers a percentage or fixed amount of a $1+ direct deposit into the account too.

The secured Chime Visa® Credit even allows you to build credit history and can have a positive impact on your credit score. You will need a Chime Checking Account first to apply. As long as you keep on the 'Safer Credit Building' option, your Chime balance will be automatically paid on time, every month.

• Account name: Chime Checking Account
• Monthly fee: $0
• Opening deposit: $0
• Transfer fees: None
• Outgoing int'l wire cost: Not supported
• Foreign transaction fee: 0%
• FDIC insurance: Partners with The Bancorp Bank and Stride Bank, Members FDIC
• More info: See our full Chime review.

Best Traditional Checking: Capital One

Capital One is a solid option among large American banks thanks to its fee transparency and high-quality banking apps. Unlike Chase or Bank of America, which often have minimum deposit limits and monthly maintenance fees, Capital One has neither. There are over 40 Capital One branches and several Capital One Cafes in Texas, but you can simply apply for an account online.

Capital One's flagship 360 Checking Account offers 24/7 mobile banking and access to 70,000 fee-free ATMs across the United States. In addition to no monthly fees, Capital One will auto-decline transactions that overdraw your balance for free and will allow you to transfer money over to your savings account for free. They even offer fee-free overdrafts (you need to opt-in first though).

Perhaps the most attractive about Capital One is its 360 Performance Savings account, which offers a 3.00% APY savings rate — effective November 29th, 2022. You can move your excess cash from your checking, which has an APY rate of around 0.1%, to your savings without a fee. Capital One also charges no monthly maintenance fee nor requires a minimum balance for this account.

Be aware that you will be charged for domestic outgoing wires, Cashier's Check transactions, and all international wires. International wires with Capital One are very expensive, which is why we recommend you run a search on our international money transfer comparison engine instead.

• Account name: 360 Checking Account
• Monthly fee: $0
• Opening deposit: $0
• Transfer fees: None with Zelle
• Outgoing int'l wire cost: $40 + FX markup. Find cheap alternatives.
• Foreign transaction fee: 0%
• FDIC insurance: Yes, FDIC member
• More info: See our Capital One review

Best for Foreign Currency: Revolut

Revolut is a UK-based all-in-one finance app that provides Americans in Texas with powerful international banking capabilities. By signing up, you will get a checking account in US dollars plus balances in over 30 foreign currencies. The finance app is ideal for international money transfers, plus its multi-currency debit card is among the best for travel overseas.

Revolut is not a bank in the United States, but its checking account and debit card are offered in partnership with Lead Bank, Member FDIC and its savings and APY with Sutton Bank, making your deposits fully FDIC-insured. On top of direct deposit, you can also make free ATM withdrawals from over 55,000 ATMs in Revolut's partner network and open an interest-earning savings account.

Revolut also offers many internationally-oriented features, like ten free foreign transfers a month and the ability to buy and hold balances in over 30 different foreign currencies. This allows you to spend like a local on your adventures overseas, saving money on foreign transaction costs. The app allows free foreign exchange up to $1,000 a month — you can increase your allowance if you upgrade to a paid plan.

• Account name: Standard Free Plan
• Monthly fee: $0
• Opening deposit: $0
• Transfer fees: None
• Outgoing int'l wire cost: ~0.2% to 1% with Revolut Money Transfer
• Foreign transaction fee: 0%
• FDIC insurance: Partners with Lead Bank, Member FDIC
• More info: See our full Revolut review.

Best Local Bank: USAA Bank

Headquartered in San Antonia and now serving worldwide, USAA Bank began in 1922 with a group of 25 U.S. Army officers who designed a mutual self-insurance package since traditional insurers saw them as a high-risk group.

Aaron Burden on Unsplash

Unlike nationwide institutional banks, regional and community banks tend to have $10 billion or lower in deposits and only open branches in a few states. They are typically owned and operated locally, emphasizing the specific needs of the families, businesses, and farmers in the area. This is why USAA Bank may a good choice for personalized banking with in-person service in Texas.

In addition to checking and savings, USAA Bank can help you take out a mortgage and manage your wealth. You can open investment and retirement accounts, as well as trusts, endowments, estate planning, and more. For small business owners in Texas , USAA Bank offers business loans and lines of credit, and business credit cards too.

• Account name: USAA Classic Checking
• Monthly fee: $0
• Opening deposit: $25
• Transfer fees: None with Zelle or Bill Pay
• Outgoing int'l wire cost: Undisclosed. Find cheap alternatives.
• Foreign transaction fee: ~3%-5%.
• FDIC insurance: Yes, FDIC member

Best Small Business Account: Novo

Novo offers one of the all-around best online checking accounts for small businesses in the United States. It has some great app integrations and one of the lowest fee schedules we've seen yet from an online business account. You can apply online in as little as ten minutes.

Novo charges no monthly or hidden fees and has no minimum deposit requirement. This includes free incoming and outgoing ACH payments, incoming domestic wires, and out-of-network ATM withdrawals (they even refund international withdrawals).

You can send and track free and unlimited invoices from the Novo interface online, which is a major draw for small business owners. The business checking account allows multi-user access for your team and connects you to a library of thousands of your favorite apps. A few of the most well-known native Novo integrations include Stripe, Amazon, Etsy, Square, Shopify, Slack, Wise, eBay, Xero, and Quickbooks.

Trusted by over 175,000 small business owners across the country, Novo's banking services are provided by Middlesex Federal Savings F.A., a member of the FDIC.

• Account name: Business Checking
• Monthly fee: $0
• Opening deposit: $0
• Transfer fees: None
• Outgoing int'l wire cost: 0.35% to 2.85%, powered by Wise
• Foreign transaction fee: 0%
• FDIC insurance: Partners with Middlesex Federal Savings, Member FDIC
• More info: See our full Novo review.

Disclaimers

¹ Out-of-network ATM withdrawal and over the counter advance fees may apply except at FCTI® ATMs in a 7-Eleven® or Speedway, or any Allpoint ® or Visa® Plus Alliance ATM participating in the Allpoint network.

² Chime is a financial technology company, not a bank. Banking services for the Chime Checking Account are provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC. The Chime Visa® Debit Card is issued by The Bancorp Bank, N.A. or Stride Bank, N.A. pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted. The secured Chime Visa® Credit Card is issued by The Bancorp Bank, N.A. or Stride Bank, N.A. pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa credit cards are accepted. Please see the back of your Card for its issuing bank.

³ The Annual Percentage Yield ("APY") for the Chime Savings Account is variable and may change at any time. The disclosed APY is effective as of 01/29/2026. No minimum balance required. Must have $0.01 in savings to earn interest. The Chime Plus APY is available only while you maintain eligibility requirements for Chime Plus, otherwise the APY for non-Chime Plus members will apply. See Chime Plus Terms and Conditions for more details.

⁴ FICO: Based on a representative study conducted by Experian® in Sept 2025, the top 10% of members who made their first purchase with Credit Builder, an earlier version of Chime Card, between April and August 2024, observed a FICO® Score 8 increase of 71 points after approximately 8 months. Average increase of 28 points across all participants in the study. Credit score improvement not guaranteed. Paying on time may increase your score, while late payment may decrease your score. Other credit activity can impact your score. Credit score is one of many factors creditors may consider in evaluating credit applications.

⁵ SpotMe® on Credit is an optional, no interest / no fee overdraft line of credit tied to the Secured Deposit Account available to qualifying members with an active Chime Card Account. To qualify for the SpotMe on Chime Card service, you must receive $200 or more in qualifying direct deposits to your Chime® Checking Account each month and have activated your physical secured Chime Visa® Credit Card or Chime Visa® Debit Card.

Qualifying members will be allowed to overdraw their Secured Deposit Account up to $20, but may later be eligible for a higher limit of up to $200 or more based on Chime account history, direct deposit frequency and amount, spending activity and other risk-based factors. The SpotMe on Chime Card Limit will be displayed within the Chime mobile app and is subject to change at any time, at Chime’s or its banking partners’ discretion. Although Chime does not charge any overdraft fees for SpotMe on Chime Card, there may be out-of-network or third-party fees associated with ATM transactions and fees associated with OTC cash withdrawals. SpotMe on Chime Card won’t cover non-card transactions. SpotMe on Chime Card Terms and Conditions.

⁶ Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. We generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.

⁷ Automatic savings: You can automatically transfer part of your direct deposits of $1 or more from your Checking Account into your selected Chime account(s).

⁸ Out-of-network ATM withdrawal and over the counter advance fees may apply except at FCTI® ATMs in a 7-Eleven® or Speedway, or any Allpoint® or Visa® Plus Alliance ATM participating in the Allpoint network.

⁹ MyPay® line of credit provided by The Bancorp Bank, N.A. or Stride Bank,
N.A. MyPay services provided by Chime Capital, LLC (NMLS 2316451). To be eligible for MyPay, you must receive qualifying direct deposits to your Chime Checking Account as set forth in the MyPay Agreement. A qualifying direct deposit is a deposit from an employer, payroll provider, gig economy payer, government benefits payer, or other permitted source of income by Automated Clearing House (“ACH”) or Original Credit Transaction (“OCT”).
Your MyPay Credit Limit and Maximum Available Advance may change at any time. MyPay is a line of credit and available limits are based on estimated income and risk-based criteria. Eligible members may be offered a $20 - $500 Credit Limit per pay period. Your Credit Limit and Maximum Available Advance will be displayed to you within the Chime app. MyPay is currently only available to eligible Chime members in certain states. Other restrictions may apply. See Bancorp MyPay Agreement or Stride MyPay Agreement for details.

¹⁰ Pay Anyone transactions will be monitored and may be held, delayed or blocked if the transfer could result in fraud or another form of financial harm. Sometimes instant transfers can be delayed. Non-Chime members must use a valid debit card to claim funds.