Banks In Manhattan New York

Best For Students: Bank Of America

Best For

• Customers who want to use one bank for all of their banking needs

Choosing a bank is even more challenging when you dont have a lot of money to deposit. This is particularly a challenge for young savers and students who are only starting to save. Bank of America solves that problem with Bank of America® Student Banking.

This student account waives monthly fees for high school and college students. That allows you to focus on building your money. The banks mobile app allows you to handle your accounts easily, no matter where you are. If you need to send someone money, the app also allows you to do that.

The other advantage of an account with Bank of America is that youre working with a large, national brand. The bank offers a variety of accounts, products and services. Realistically, you could open an account with Bank of America in high school and then use the bank for rest of your life. You can also find credit cards, auto loans, home loans and help with investing.

Finding The Best Banks In New York City

New York City is the most populous city in the United States. With so many people living in a place that never sleeps, its important to have a bank that can keep up with the various needs of different customers. To help you decide which banks offer the features and benefits that you need, SmartAsset created this list of the best banks in the city. Continue reading to see the most accessible banks and to see which banks offer the best accounts.

Centurion New York Details

Centurion New York will open in March and will be located on the 55th floor of the 93-story One Vanderbilt building, located next to Grand Central Terminal. It will take up the entire floor and span over 26,000 square feet.

While American Express has been fairly tight-lipped about the space, it teased casual and fine-dining experiences curated by Michelin-starred chef and restaurateur Daniel Boulud, as well as a bar with signature cocktails and a tastefully appointed salon for guests to unwind in.

In addition, Amex will offer private rooms and host special events exclusively for invite-only Centurion cardholders. In other words, Centurion New York is expected to be more akin to a private members club or speakeasy, if you will, than a transient space.

This isn’t the card issuer’s first foray into Centurion experiences located outside of airports. In September 2022, Amex opened the Centurion Haus Singapore a secret lounge hidden within the iconic Raffles Hotel Singapore which is only open to Centurion cardholders. It also offers a designated Centurion Lounge at the historic 1881 House in Hong Kong. Again, Amex hasn’t publicly announced who will have access to Centurion New York once it’s open, but if the Singapore and Hong Kong lounges are any indications, access may also be geared toward Centurion cardholders.

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Random Attacker Throws Hot Coffee At Man Inside Vestibule Of Midtown Manhattan Bank: Nypd

A deranged man entered the vestibule of a Chase Bank branch in Midtown Manhattan early Thursday and threw hot coffee in the face of his victim, police said.

The victim, a 42-year-old man, was in the ATM area located on the corner of Eighth Avenue and West 40th Street at around 3:40 a.m. when the random attacker entered and tossed steaming-hot coffee at him.

The 42-year-old suffered burns to the right side of his face, neck and shoulderwhile the alleged perpetrator fled the area in an unknown direction, cops said.

EMS responded to the scene and transported the victim to New York Presbyterian/Weill Cornell Medical Center in stable condition.

Police are looking for the suspect who is between 25- and 30-years-old, and about 6-feet-2 inches tall. The suspect has a dark complexion and was last seen wearing a black jacket with red stripes and hood, a dark colored knit cap, black pants and dark colored sneakers. The NYPD released a photo of the man.

Anyone with information on the attack is asked to call the NYPDs Crime Stoppers Hotline at 1-800-577-TIPS

What Is The Amex Centurion Card

The Centurion® Card from American Express, colloquially known as the “black card,” is an invitation-only card for high-net-worth individuals . Amex allows existing customers who are interested in Centurion membership to request consideration by filling out a short online form, but there are still no published qualifications.

Experts estimate that there are around 100,000 Amex Centurion cardholders in the world, with only about 20,000 of those being in the United States.

The card’s annual fee is in a different stratosphere from other top-tier premium credit cards on the market. An invitation to open an Amex Centurion Card comes with a hefty $10,000 initiation fee, plus a $5,000 annual fee . In turn, you’ll receive benefits such as a high spending limit access to Amex Centurion Lounges automatic elite status with Delta, Marriott and Hilton an Equinox Destination Access gym membership Saks Fifth Avenue shopping credits invitations to exclusive entertainment events access to a personal concierge and much more.

If you want a luxury card but don’t want to shell out thousands of dollars in annual fees , consider The Platinum Card® from American Express. It offers some similar perks, including widespread airport lounge access, hotel elite status with Marriott and Hilton, credits toward an Equinox gym membership and more. Terms apply.

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Best Savings Account Rate: Cit Bank Savings Builder Account

• Low $100 minimum

Cons

• Must make $100 in monthly deposits or maintain a balance of at least $25,000 to earn top APY

Best For

• Those who already have a large savings balance or can contribute frequently

Although the Savings Builder account from CIT Bank holds a base APY of 0.40%, you can quickly boost that up to 1.00%. This can be done simply by depositing $100 or more each month or preserving an account balance of no less than $25,000. Just about anyone can become an account holder, as CIT has instituted a $100 minimum deposit.

Dont overlook CITs other account options beyond the Savings Builder account, as diversifying your savings portfolio can only help you in the long run. Heres a breakdown of what you can get:

• Withdrawing a lot of money from an online account can take time to transfer

Best For

• Anyone who want to maximize savings

Capital One offers high APYs on a number of savings accounts. That includes CDs. For example, the Capital One 360 Performance Savings Account has an APY of 3.30%. Thats high when you consider that large national banks have APYs as low as 0.01%. So plain and simple, you earn more money with a Capital One account.

One common feature for Capital One accounts is the lack of fees and minimums. You can open a checking account, savings account and CD without having to meet a minimum deposit requirement .

Best Regional Bank: M& t Bank

• High minimum to waive checking account fees

Best For

• CD terms between one and two years

M& T Bank has more than 750 branches across eight states and Washington, D.C. However, its focus is New York State. That means M& T Bank could be a good choice for a New York City resident who wants to work with a regional bank.

As far as the actual account offerings, they are pretty standard. For example, you can get an interest-bearing checking account with an APY of 0.01%. You can also get a checking account with an APY of 0.02%. While these rates arent particularly high, they are in line with other large banks. If youre looking to boost your savings, you may want to consider a CD from M& T Bank. Not all the rates are high but the terms between one and two years are competitive.

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Tips On Banking In New York

Compare multiple banks to narrow the list down to ones that fit your needs. Then, look at specifics like bank features, customer support, online reviews and other information to determine the best course of action. Look for banks that either dont charge monthly fees or offer reasonable ways to avoid the fees each month.

If you choose the wrong bank, you can always switch banks later to one thats a better fit.

What Banks Are In New York City

The banks with most local brick-and-mortar branches in New York City are, among others:

• Chase Bank: 662 branch locations in New York City
• Wells Fargo: 287 branches in New Jersey and 82 in NYC
• Citibank: 77 branch locations in New York
• Bank of America: 271 offices in the state

Many other banks have many locations in New York City because its a major city of high financial importance.

Many banks in NYC allow you to open an account online, so they dont really need a branch in the city or even in the state of New York.

They might be worth looking into since they often have lower fees and higher annual percentage yields, on top of the convenience, of course.

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Best Credit Unions Available In Nyc:

Ally Bank: The Top Savings Account

Best For

• Those comfortable with online and mobile banking

The Ally Online Savings Account is a great way to jump-start your long-term savings, as it comes with a solid 3.30% APY. This rate applies to all balances, regardless of how small or large a deposit you decide to make. If youre like most Americans and need a debit card and checkbook as well, Allys Interest Checking Account can offer you up to a 0.25% APY. There are no initial minimums or monthly maintenance fees for either of these accounts.

You might find yourself wondering how easy cash withdrawals could be with an online bank. In an effort to fix this possible issue, Ally has partnered with the Allpoint ATM network, which has 55,000 ATMs around the world. Although you can use your Ally debit card at other ATMs, Allpoints machines are offered to Ally customers for free. If you must use an out-of-network ATM, youll be reimbursed for up to $10 in ATM fees per statement cycle.

Given that Ally is one of the top online banks, it should come as no surprise that its mobile banking app is rated well. In fact, between the Apple and Android app stores, it has kept a 4.35-star rating out of 5 over 20,000 customer reviews. Free money transfers through Zelle®, an ATM locator, mobile check deposit and online/mobile account statements and transaction histories are just a few of the features you can take advantage of.

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Online Banking Just Got An Update

Our online user experience is getting an update to be more mobile friendly, but your access remains the same.

Never share personal or account information such as your social security number, banking account information, or passwords with anyone. Popular will never ask you for personal or account information through email.

Best Customer Service: New York Community Bank

Best For

• Customers who want a local bank

With about 150 locations in the city, New York Community Bank is a great local banking option. Through acquisitions of other small banks, the network also continues to grow. That means more ATMs and locations for customers. However, the bank will operate under different brand names in different areas of the city.

According to J.D. Powers U.S. Retail Banking Satisfaction Study, New York Community Bank has better customer satisfaction than most banks and it has one of the highest satisfaction levels in the entire Mid-Atlantic region. This study takes multiple factors into account, like a bank’s ability to handle customer issues, the frequency of its branches, its fee schedules and its product offerings.

Aside from being a pleasure to work with, M& T Bank offers a range of checking and savings options. The rates are not the highest but they are on par with other large banks. You can earn more than a standard savings account by going with a money market account. You can also earn higher APYs by going with some of the New York Community Bank CDs.

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What Is The Biggest Bank In New York

The biggest and most popular New York bank is Chase Bank. It has 662 branches in 248 different cities in New York, many of which are in New York City alone.

Chase Bank is very popular among New York residents because it has many brick-and-mortar locations. It also has a huge ATM network, which makes for lower ATM usage fees and higher convenience.

Plus, it offers many different banking solutions, both online and offline.

Best National Bank With Branches In New York City: Chase Bank

• About 900 branches in the city
• Range of financial products

Best For

• Customers who want to use one bank for all their financial needs

Chase bank has just under 900 branches in New York City. That means theres a good chance you can find a branch near you. Chase is also one of the largest banks in the country. Theres a good chance you find a branch even if you travel outside of New York.

More than just branch accessibility, Chase bank provides access to a wide range of banking products and services. You can get standard checking and saving accounts in addition to money market accounts and certificates of deposit . Chase has credit cards and gives multiple types of loans. Another feature from Chase bank is help with investments and expert advice from a financial advisor.

Even though there are so many branch locations, customers can also use the website and mobile app for managing money and accounts.

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How We Determine The Best Banks In New York City

SmartAssets banking experts found the 15 most popular banks in New York City based on the number of branches in the city. From those banks we then selected the best national and regional banks, as well as the best savings and checking accounts based on minimum balance requirements, annual percentage yields , fee structures and overall accessibility.

What Are The Best Banks In New York City

Its hard to give a definite answer to this question because there are many good, trustworthy banks in NYC.

The best one will largely depend on what your expectations, banking needs, and wants are.

• If you are a frequent visitor of brick-and-mortar branches, the best NYC Bank is Chase, a full-service bank with many offices and ATMs in NY.
• If you are a small business, you are better off with a tailor-made checking account offered by Capital One 360 .
• Looking to grow your savings? Capital One 360, again, will help you out with its excellent interest-bearing savings account.
• The best bank for students is Santander Bank. The most notable perk is dedicated to international students: no incoming or outgoing wire transfer fees.
• Finally, if youre after the best customer service, HSBC Bank is an excellent choice for that.

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