5 Best Banks in New Jersey for 2023

Managing your finances effectively is essential, and the choice of a bank can greatly influence your financial journey. As we step into 2023, let's explore the leading banks in the Garden State, New Jersey. In this comprehensive guide, we will evaluate the best banks, providing company highlights, ratings, pros and cons, insights from customer reviews, and personal remarks to help you make informed decisions about your financial institution.

Rating Methodology

To help you navigate the landscape of New Jersey's banks, we have assessed the following institutions on a scale of 1 to 5, with 5 being the highest score. These ratings are based on factors such as customer service, account offerings, fees, financial stability, and reputation within the state.

1. TD Bank

Overall Rating: 4.7

Company Highlights: TD Bank, with a strong presence in New Jersey, stands out for its extensive branch and ATM network, making it convenient for customers across the state. It offers a range of banking services, including checking and savings accounts, loans, and investment options.


Widespread branch and ATM network

User-friendly online and mobile banking

Solid customer service reputation

Comprehensive product offerings


Some accounts may have monthly maintenance fees

Lower savings account interest rates compared to online banks

Customer Review: Customers often praise TD Bank for its accessibility and helpful staff. The bank's online and mobile banking platforms receive positive feedback for their ease of use.

Personal Remarks: TD Bank's widespread network makes it an excellent choice for those who value in-person banking. While some accounts may come with maintenance fees, the convenience and customer service quality make it a compelling option.

2. PNC Bank

Overall Rating: 4.6

Company Highlights: PNC Bank is a well-established institution with a notable presence in New Jersey. It offers a diverse range of banking products, including checking and savings accounts, mortgages, and investment services.


Diverse account options to suit different needs

Competitive mortgage rates

Strong digital banking services

Robust customer service reputation


Some accounts may have monthly fees

Limited branch locations compared to some competitors

Customer Review: Customers appreciate PNC Bank's commitment to digital banking, making it easy to manage their finances from anywhere. The bank's mortgage options also receive positive feedback.

Personal Remarks: PNC Bank's versatile account offerings and competitive mortgage rates make it an attractive choice. While branch locations may be limited in some areas, its digital banking services help bridge the gap.

3. Wells Fargo

Overall Rating: 4.5

Company Highlights: Wells Fargo, a prominent national bank, has a strong presence in New Jersey. It provides a wide array of financial services, including banking, investment, and mortgage solutions.


Extensive branch and ATM network

Comprehensive product offerings

Robust online and mobile banking

Investment and wealth management services


Past controversies may affect some customers' trust

Monthly fees on certain accounts

Customer Review: Customers often praise Wells Fargo for its accessibility and wide range of services. The bank's online banking platform is commended for its user-friendliness.

Personal Remarks: Wells Fargo's extensive network and diverse offerings make it a versatile option for New Jersey residents. However, some may have concerns due to the bank's past controversies, so it's essential to consider individual values when choosing a financial institution.

4. Santander Bank

Overall Rating: 4.4

Company Highlights: Santander Bank, with a significant presence in New Jersey, offers a range of banking services, including checking and savings accounts, loans, and credit cards.


Competitive savings account rates

Personalized financial guidance

Convenient mobile banking app

Strong commitment to community engagement


Limited branch locations in certain regions

May not offer as many account options as larger banks

Customer Review: Customers often commend Santander Bank for its competitive savings account rates and personalized financial guidance. The bank's community involvement is also well-received.

Personal Remarks: Santander Bank's focus on competitive savings account rates and community engagement makes it an appealing choice. However, its branch availability may vary by region, so potential customers should verify local accessibility.

5. Investors Bank

Overall Rating: 4.3

Company Highlights: Investors Bank is a regional bank with a growing presence in New Jersey. It offers a range of banking services, including checking and savings accounts, mortgages, and commercial banking.


Competitive interest rates on certain accounts

Strong community involvement

Personalized service from local branches

Growing branch network


Limited national ATM network

May not offer as many account options as larger banks

Customer Review: Customers often appreciate Investors Bank's competitive interest rates and personalized service from local branches. The bank's community engagement is also well-regarded.

Personal Remarks: Investors Bank's commitment to competitive interest rates and community involvement makes it a compelling choice for those seeking personalized service. However, its ATM network may not be as extensive as larger institutions.

Choosing the Right Bank for You

Selecting the best bank in New Jersey for 2023 depends on your unique financial needs and preferences. Be sure to consider factors such as account offerings, fees, accessibility, and the importance of in-person banking. Reading customer reviews and seeking recommendations from friends and family can also provide valuable insights. Ultimately, the ideal bank should align with your financial goals and offer the services and support you require on your financial journey in the Garden State.