Best and worst states for banking: 50-state list

March 04, 2013

Didn't see your state in the best and worst states for banking? Below are the full 50-state rankings.

These standings are based on an analysis of data on customer satisfaction, failures, deposit interest rates and the number of institutions available to consumers. Please see the best and worst states for banking for more details.

1. Ohio
2. Kentucky
3. Louisiana
4. Montana
5. West Virginia
6. New York
7. Virginia
8. North Dakota
9. Colorado
10. Texas
11. Oregon
12. Connecticut
13. Nevada
14. Iowa
15. Washington
16. Alaska
17. Massachusetts
18. South Dakota
19. Mississippi
20. Delaware
21. Wisconsin
22. Wyoming
23. Maine
24. Pennsylvania
25. Missouri
26. Nebraska
27. Alabama
28. Vermont
29. Kansas
30. New Mexico
31. Florida
32. Utah
33. Tennessee
34. Michigan
35. Arkansas
36. Arizona
37. Idaho
38. New Jersey
39. California
40. Maryland
41. Indiana
42. Hawaii
43. New Hampshire
44. North Carolina
45. Rhode Island
46. Georgia
47. Minnesota
48. Oklahoma
49. South Carolina
50. Illinois

Your responses to ‘Best and worst states for banking: 50-state list’

Showing 12 comments | Add your comment
Maria- MoneyRates.com Moderator

31 May 2013 at 2:37 pm

Stonegood and AAL: This list pertains to general banking conditions in these states. But you may find our bank rankings in the America'€™s Best Rates feature helpful: http://www.money-rates.com/research-center/americas-best-rates/. Thank you for your comments. Maria

Maria - MoneyRates.com Moderator

31 May 2013 at 2:32 pm

BoppaKrandall: The MoneyRates Index is comprised of commercial banks. While most banks provide online services today, the distinction discussed in the article above involves banks that are based primarily online (i.e., few or no branches) vs. banks that maintain a traditional branch structure. Thanks for your question! Maria

Dianne BUrns

28 May 2013 at 5:58 pm

I have been dealing with Bank of AMerica since Feb 2012, trying to refinance a home loan an it has been a nightmare.

GG

28 May 2013 at 3:36 pm

Too bad Washington, D.C. was not ranked. I'll bet it rivals Illinois.

bill

28 May 2013 at 2:07 pm

Would be great to see who the major bank players are in each of the states.

lindalu223

28 May 2013 at 1:15 pm

It figures New Jersey is ranked 38 :(

Daniel

28 May 2013 at 12:35 pm

Not at all surprising that IL ranked worst since it is also the most corrupt state in the union.

BoppaKrandall

28 May 2013 at 11:43 am

Does this rating cover financial institutions other than commercial banks? For instance, in my own case I have accounts at a savings & loan association and a credit union besides my regular bank. At all 3 I have checking accounts as well as savings accounts; the main reason I use the bank as my primary checking account is that it's more conveniently located for me and has branches nationwide, while the other 2 are basically just local. Yet all 3 have 'online banking' services which I use fairly regularly. All 3 also provide satisfactory customer service, or I wouldn't continue to do business with them.

robertm2000

28 May 2013 at 11:37 am

Shop around! There are probably a few good banks - I haven't found any in the part of my state where I live. There ARE good paces to keep your money and around here - they are all credit unions! A few credit unions are acting like banks with flashy advertising and odd deposit/withdrawal rules. But if you're careful and look closely at the institutions, you will probably find that credit unions are WAY better than banks. Since I switched from banks, where I was running up $50-150 a month overdrafts because they changed their rules so often, to a credit union, I've had ONE overdraft in ten years! An an account executive from that credit union called me to help me figure out how to avoid overdrafts. Let''s see a bank do that!!

Stonegood

28 May 2013 at 11:06 am

I am not interested in the ranking of states from "best to worst" for banking, but, which (Banks) rate best to worst throughout the entire 50 states?!

AAL GALLANT

28 May 2013 at 10:05 am

Thanks for the info. Do you have a list of the best banks?

Jennifer Bizzarro

28 May 2013 at 9:55 am

Happy to see New Mexico is not at top of this "bad" list though still spiraling downward.

Add your comment
(required)
(will not be published, required)