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Banks

The Best Bank for Seniors 

Business and Company Info
Updated February 1, 2019 547 votes 451 voters 11.5k views

 

Whether you’re looking for a new checking account for yourself or for a senior loved one, checking accounts for seniors can be different than other accounts. However, just because it’s labeled as a “senior” account doesn’t mean it’s better. Sometimes a bank’s regular offering is a better deal, and it really depends on the bank.

The best banks for seniors will help them manage their retirement funds and much more. Banks and credit unions have different criteria for setting up a senior account. In some banks, age 50+ qualifies for a senior account; at other banks, 65 is the minimum age. The top banks for senior citizens offer lots of benefits, in addition to free or low-cost checking. Many offer high-interest senior accounts, low deposit requirements for free checking, free money orders, cashier’s checks, and wire transfers, free notary services, discount brokerage accounts for seniors, free deposit boxes, and free foreign transactions for seniors.

Since many seniors spend their retirement years traveling, the best banks for senior checking often offer online banking services, for easy access anywhere in the world. Other benefits for the include: discounted travel planning and travel insurance, free or discounted traveler’s checks, and emergency funds in case of a lost or stolen wallet. Free senior checking is common at most banks, but you can really do yourself a favor by shopping additional benefits and looking for a senior account with no hidden fees. Best choices in senior bank accounts vary by user preference.  

If you’re comfortable using online banking services, you’ll find lots of convenient and time-saving features like photo deposit, online bill pay, automatic bill pay, and online transfers. Many credit unions also offer online gift card shopping, so you can send gifts from your computer or smartphone, without ever going near the mall! If you’re less comfortable with online banking, be sure to look for a bank with plenty of branches and ATM locations near you. 

Make sure to vote for your favorite bank that caters to seniors below, and add any we might have missed to this list. 

 

list ordered by
1
BB&T is listed (or ranked) 1 on the list The Best Bank for Seniors
Finance, Insurance Carriers, National Commercial Banks
2
PNC Bank is listed (or ranked) 2 on the list The Best Bank for Seniors
3
TD Banknorth is listed (or ranked) 3 on the list The Best Bank for Seniors
4
Capital One Bank (USA) N... is listed (or ranked) 4 on the list The Best Bank for Seniors
5
U.S. Bancorp is listed (or ranked) 5 on the list The Best Bank for Seniors
Financial Services, National Commercial Banks
6
M&T Bank is listed (or ranked) 6 on the list The Best Bank for Seniors
State Commercial Banks, Financial Services
7
Synovus Bank is listed (or ranked) 7 on the list The Best Bank for Seniors
Synovus Bank
8
Ally Bank is listed (or ranked) 8 on the list The Best Bank for Seniors
Bank
9
Bank of America Corporat... is listed (or ranked) 9 on the list The Best Bank for Seniors
Bank, Financial Services, National Commercial Banks
10
Valley National Bank is listed (or ranked) 10 on the list The Best Bank for Seniors
Finance, Insurance Carriers, Financial Services
11
First National Bank of P... is listed (or ranked) 11 on the list The Best Bank for Seniors
First National Bank of Pennsylvania
12
Amegy Corp is listed (or ranked) 12 on the list The Best Bank for Seniors
Amegy Corp
13
JPMorgan Chase is listed (or ranked) 13 on the list The Best Bank for Seniors
Investment banking, Financial Services, National Commercial Banks
14
Huntington Bancshares is listed (or ranked) 14 on the list The Best Bank for Seniors
Financial Services, National Commercial Banks
15
Alliance Bank & Trus... is listed (or ranked) 15 on the list The Best Bank for Seniors
Alliance Bank & Trust Co
16
Sandy Spring Bank is listed (or ranked) 16 on the list The Best Bank for Seniors
Sandy Spring Bank
17
Cascade Bank is listed (or ranked) 17 on the list The Best Bank for Seniors
Cascade Bank
18
FIRST CITIZENS BANK &... is listed (or ranked) 18 on the list The Best Bank for Seniors
19
Barclays Investment Bank... is listed (or ranked) 19 on the list The Best Bank for Seniors
Finance, Investment banking
20
First Chicago Bank is listed (or ranked) 20 on the list The Best Bank for Seniors
First Chicago Bank
21
MUFG Union Bank is listed (or ranked) 21 on the list The Best Bank for Seniors
22
People's United Bank is listed (or ranked) 22 on the list The Best Bank for Seniors
23
Zions Bancorporation is listed (or ranked) 23 on the list The Best Bank for Seniors
Financial Services, National Commercial Banks
24
East West Bank is listed (or ranked) 24 on the list The Best Bank for Seniors
State Commercial Banks, Financial Services
25
First National Bank Kans... is listed (or ranked) 25 on the list The Best Bank for Seniors
First National Bank Kansas