Banking and financial services in Ohio: Major Banks: KeyBank, Huntington, Fifth Third Bank. Credit Unions: Popular option among residents. Online Banking: Widely available and secure. Bank Hours: Generally 9 AM to 5 PM weekdays. Contactless Payments: Supported by major banks. ATMs: Spread widely across urban and rural areas. Mortgage Rates: Competitive and varied by institution. Mobile Apps: Most banks offer robust features. Financial Advisors: Accessible for personalized advice. Account Types: Savings, checking, CDs, and more.
Major Banks: KeyBank, Huntington, Fifth Third Bank.
KeyBank, headquartered in Cleveland, Ohio, is one of the nation's largest bank-based financial services companies with assets of approximately $190 billion, operating in 15 states and offering a wide range of banking and financial services. Huntington Bank, also headquartered in Ohio, operates in 12 states, providing comprehensive banking, payments, wealth management, and risk management services through over 1,000 full-service branches. Fifth Third Bank, with a significant presence in Ohio, offers personal and commercial banking services, including online and mobile banking, through its extensive network of branches and ATMs.
Credit Unions: Popular option among residents.
Credit unions are a popular option among Ohio residents due to their not-for-profit nature, lower fees, and lower interest rates on loans. The top credit unions in Ohio, such as Wright-Patt Credit Union, General Electric Credit Union, and Kemba Financial Credit Union, offer a range of financial services, including checking and savings accounts, various loan products, and personalized customer service. These institutions maintain trust with their members by being federally insured by the NCUA. For a comprehensive guide on these esteemed financial cooperatives, visit the Ohio Credit Unions website.
Online Banking: Widely available and secure.
Online banking in Ohio has significantly evolved, offering a suite of secure and convenient digital services. Platforms like 7 17 Credit Union provide comprehensive online banking options that include account management, fund transfers, and bill payments, all enhanced by Multi-Factor Authentication to safeguard user accounts. Similarly, Park National Bank offers seamless 24/7 access to account monitoring and various financial management tools, fortified with cutting-edge security measures. Meanwhile, Ohio Valley Bank's OVB Digital Banking boasts features such as checking balances, making transfers, and paying bills with the ease of accessing e-statements across diverse devices. These innovative digital services are integral in offering financial control and security to users in the region.
Bank Hours: Generally 9 AM to 5 PM weekdays.
Bank hours in Ohio, such as those at First PREMIER Bank, generally vary but are typically from 9 AM to 5 PM on weekdays, though specific hours can differ by location and some branches may have Saturday hours from 9 AM to noon. For more detailed information on branch hours and customer support, you can visit the Customer Care page on their website.
Contactless Payments: Supported by major banks.
Major banks in Ohio, such as those listed in the broader context of US financial institutions, support Contactless Payments. This method allows consumers to tap their debit or credit cards, or use compatible devices like smartphones and smartwatches, to complete transactions without swiping or entering a PIN, utilizing RFID and NFC technologies for secure and quick payments.
ATMs: Spread widely across urban and rural areas.
ATMs are spread widely across both urban and rural areas in Ohio, with installations in various locations such as banks, shopping centers, and even rural areas where solar-powered ATMs are being introduced to enhance accessibility. Despite the decline in ATM usage due to cashless payment systems, ATMs remain a crucial service, especially in rural areas where other banking services may be limited.
Mortgage Rates: Competitive and varied by institution.
Mortgage rates in Ohio vary significantly by institution, with 30-year fixed mortgage rates ranging from 5.625% to 6.500% and corresponding APRs. This range highlights the importance of comparing rates from different lenders to find the most competitive options. For detailed information and to compare the best rates, visit the Total Mortgage website, where you can explore a variety of mortgage products tailored to your financial needs.
Mobile Apps: Most banks offer robust features.
Most banks in Ohio, such as the Ohio Valley Bank, offer robust mobile app features including mobile deposit, personalized dashboards, card management, bill pay, and the ability to add accounts from other institutions, providing comprehensive financial management on the go.
Financial Advisors: Accessible for personalized advice.
Ohio hosts a variety of reputable financial advisory firms such as Ross Wealth Advisors, Columbus Wealth Management, and Hyre Personal Wealth Advisors, all dedicated to providing personalized financial advice. These firms specialize in retirement planning, investment management, and comprehensive financial services, ensuring their offerings are tailored to individual client needs. For those seeking a more tailored approach in Dayton, Gudorf Financial Group, LLC stands out with its fee-only financial planning, encompassing personalized retirement plans, investment strategies, and estate planning, all underpinned by a client-centric approach and ongoing support. Meanwhile, Libertas Wealth Management in Central Ohio focuses on fiduciary-driven, fee-only financial advice, with a strong emphasis on retirement planning, personalized investment advice, and portfolio management, all delivered with a family-driven ethos.
Account Types: Savings, checking, CDs, and more.
In Ohio, banking services encompass a range of account types including savings accounts that earn interest and are FDIC-insured, checking accounts with mobile banking capabilities, and CDs that provide fixed, competitive interest rates and guaranteed returns. These Certificates of Deposit (CDs) come with options for different term lengths and compounding frequencies, offering flexibility and security for your investments. For more detailed information on these financial products, you can visit the Huntington Bank website.