Home > Tips for searching banks

 

You’ve got a lot of options.

With more than 5,000 banks in the US, cash going digital and improved technology, you can bank in more places than ever before.

Below are two questions to help you along in your bank search. (Need some motivation to get going? Learn how others are choosing the best bank for their money and values.

1. Do you need a bank with a branch near you?

+ Yes, I need a branch nearby.

  1. To see all the banks that have a branch in your area, go to: Browse all banks > Browse by place
  2. Select a place and you’ll see a list of banks with a branch in your selected geography.
  3. You can then sort banks by community financing focus (how much of every $100 in the bank is invested in communities), place focus (what percent of bank’s deposits is put to work in your selected area), most certified causes (to see the impact issues different banks finance), or by alphabetical order (to find a particular bank by name).

    Hint: if you don’t see your city or town, try browsing metropolitan areas nearby. For help determining what metro areas are nearby, this resource may help.

+ No, I don’t need a branch nearby.

More options for you! You can look at banks anywhere in the country. You’ll just need to call the bank to confirm that they’ll help you open your account at a distance (via online or phone), and that they can accept deposits from your state. (Mighty lists this information as available, but it’s always best to call the bank to confirm.)

2. What do you want your money to support?

+ I want my money to finance my local area.

  1. Go to: Browse all banks > Browse by place
  2. Select a place and you’ll see a list of banks with some or all of their deposits at work in your selected geography.
  3. Sort banks by place focus to see how much of the bank’s deposits are at work in your selected area. You can also sort banks by headquarters. Banks often are more focused on financing the places in which they are headquartered.

    Hint: if you don’t see your city or town, try browsing nearby metropolitan areas. For help determining what metro areas are nearby, this resource may help.

+ I want my money to finance the real economy, or communities, not Wall Street.

Finance investments in communities, like loans for business, housing, construction, public works and farms.

  1. Go to: Browse all banks > Browse by place
  2. Select a cause or place you'd like to support.
  3. Sort search results by real economy focus : how much of every $100 in the bank is invested in communities.

+ I want my money to finance racial equity.

  1. Go to: Browse all banks > Browse by cause> Racial equity
  2. Select the demographic you'd like to support: Asian Americans, Black Americans, Hispanic Americans, Native Americans. See a list of banks certified for financing equity for that group.
  3. You can then sort by place to see banks working in the part of the US you care about most.

+ I want my money to fund sustainable projects.

See a list of banks certified for prioritizing sustainability considerations in their financing.

  1. Go to: Browse all banks > Browse by cause> Sustainability
  2. You can then sort by place to see banks working in the part of the US you care about most.

+ I’m looking for the right combination of impact and convenience.

Searching banks by convenience is currently only available for featured banks.

  1. Go to: Go to: Browse all banks > Browse featured banks
  2. Click on banks to see in-depth profiles about the communities the bank benefits and the conveniences the bank offers.

Additional Tips

+ You don’t have to limit your search to banks located near you.

Many banks offer customer support online and via phone, so you may never need to step in a branch to open your account or do your banking. Mighty helps you search these banks, but always call a bank to confirm if they can work with you. Banks often will go out of their way to work with their customers, if they can.

Also, banking with a community-investing bank across the country is an easy way for you to support financing for communities in need.

+ If you decide to work with a bank from out-of-state, always call first to make sure they can accept deposits from your state.

Some banks accept deposits from across the country, others do not. We do our best to make this information available as and where we can, but when in doubt, always call a bank to confirm if they can work with you.

+ If you’ve found a bank you want to work with, check out our guide to opening the right kind of account.

Opening a new account is easier than you may think.