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Local branches are only half the picture. These five are available nationwide, so they compete with anything in your state and usually pay more to switch.
Many of the biggest banks in the nation leverage their mobile apps to help users bank on the go. Did you know Bank of America leads the pack with over 30 million active mobile users?
When managing your finances, choosing the right bank is crucial. In the beautiful state of Maine, several outstanding financial institutions cater to the diverse needs of its residents.
Whether you're a long-time Mainer or new to the area, finding the best bank is essential for financial stability. In this article, we will explore and highlight the best banks in Maine.
These banks excel in various areas, from exceptional customer service to convenient branch locations, competitive interest rates, and robust online banking platforms. We will delve into their offerings, including checking and savings accounts, loans, mortgages, and investment options.
Are you ready to learn more about the best banks in Maine? Let’s get started!
14 Best Banks in Maine
Banking in the Pine Tree State can make it feel like money does grow on trees. Check out our list of the best banks in Maine to see what perks you can take advantage of.
Chase runs 7 branches in Maine, and it will pay you $400 to open a checking account. That is the largest new-checking bonus any major bank is offering right now, and it is money most Mainers leave on the table by keeping the account they opened years ago.
Here is the entire requirement. Open a new Total Checking account, then have $1,000 or more in qualifying direct deposits arrive within 90 days of enrolling in the offer. It is cumulative, so two or three ordinary paychecks clear it, and the bonus is paid within 15 days of you meeting the requirement. The $15 monthly service fee drops to $0 in any statement period with $500 or more in qualifying electronic deposits, a $1,500 daily beginning balance, or $5,000 in average beginning day balance across linked accounts. One trap to know: Zelle, cash, checks, wires and interest do not count toward either number.
Set your expectations on the footprint. 7 branches across Maine is not a bank on every corner, so treat Chase as a national account you can occasionally reach in person rather than a neighborhood bank. What carries it is the nationwide side: 5,000+ branches and 14,000+ ATMs, Zelle built in, a well-rated app, and the option to add a Chase savings account or credit card later under the same login.
The catch worth naming: the bonus is only open to people who are not already Chase checking customers, and you can collect one new-checking bonus every two years. It is reported to the IRS on a 1099-INT. If that fits you, open a Total Checking account and route your paycheck to it.
If you want the biggest checking bonus on the market alongside a real Maine branch network, claim the $400 with Chase here.
A Maine heating-oil delivery does not schedule itself around your pay cycle. The gap between when a bill is due and when your paycheck lands is where most budgets actually break, and it is the specific problem Current is built for.
The signup math is simple. Open an account with promo code WELCOME75 and get $75 once your Eligible Payroll Deposits total $1,500 or more in your first 35 days. It is cumulative rather than one big deposit, it is new customers only, and the cash arrives about 10 business days after you cross the line. Recurring wages from an employer, a payroll provider or a government payer count. Non-direct-deposit ACH transfers, Venmo, Cash App, Zelle, PayPal, Google Pay, mobile check deposits, cash and one-off deposits such as a tax refund do not.
The feature that earns its keep after the bonus is Paycheck Advance, which lets you draw up to $750 of pay before payday and is offered by Finco Advance LLC rather than a bank. There is no monthly fee on the account, and the whole thing opens from your phone, which is the point in a state where the nearest branch may not be convenient.
One thing to be clear about, because it is routinely written up wrong: Current is a financial technology company, not a bank. Banking services come from Choice Financial Group and/or Cross River Bank, both Member FDIC, so deposit insurance reaches you on a pass-through basis up to $250,000 and depends on those conditions being met. If that structure is fine with you, open an account with code WELCOME75 and claim the $75.
3. SoFi
SoFi Checking & Savings is one of the best account options available today. It is built for simplicity and convenience with no monthly maintenance fees, no minimum balance requirements, and the ability to open your account online in minutes.
New customers can earn up to a $475 bonus by setting up direct deposit.
This account also comes with free access to more than fifty five thousand ATMs nationwide, overdraft protection up to fifty dollars with qualifying direct deposits, and a modern mobile app that makes it easy to manage your money. You can deposit checks, pay bills, transfer funds, and even set up automatic savings vaults to reach your goals faster.
SoFi makes banking simple, digital, and rewarding. It is the perfect choice if you want a bank account that pays you more without the hidden fees.
4. Bangor Savings Bank
Bangor Savings Bank, Maine's largest independent bank, offers comprehensive financial services catering to personal and business needs. As a community bank, it prioritizes providing exceptional customer service and rivals some of the best national banks.
This Maine bank offers convenient solutions like checking and savings accounts, mobile banking, and competitive CD rates. The bank goes the extra mile by reimbursing fees for third-party ATMs, ensuring easy access to cash wherever you are.
With a commitment to customer satisfaction, some checking accounts come with no monthly fees, providing additional value to account holders. Bangor Savings Bank stands out not only for its wide array of financial offerings but also for its exceptional customer service.
Opening an account with Bangor Savings Bank is accessible to all, with a low minimum deposit requirement of $25. The bank prides itself on providing a personalized banking experience, ensuring customers' needs are met and questions are answered promptly.
5. Camden National Bank
Camden National Bank, established in 1875, is Maine's largest independent publicly traded bank. This bank has branches throughout Maine and New Hampshire.
The Premier Checking account from Camden National Bank is particularly beneficial for travelers, as it offers unlimited ATM rebates. Camden National Bank understands the importance of convenience, so they reimburse up to $10 in out-of-network ATM fees each month.
In addition, Camden National Bank also provides wealth management services. This bank also offers competitive rates on savings accounts.
With a long-standing history and a commitment to exceptional service, Camden National Bank continues to be a trusted financial institution in the region. The bank’s extensive branch network, ATM reimbursement benefits, multiple checking account options, wealth management services, and competitive savings rates make it a go-to choice for individuals and businesses in Maine and New Hampshire.
6. cPort Credit Union
If it’s credit union promotions you’re looking for, check out cPort Credit Union. This Maine credit union has branches in Portland, Augusta, and Scarborough.
cPort Credit Union offers various financial products and services, including checking and savings accounts, money market accounts, HSAs, IRAs, and CDs. With a low minimum requirement of $5 to open an account, it's accessible to many.
You can earn dividends on a daily balance of $100 or more. cPort Credit Union also offers competitive rates for CDs, money market accounts, and savings accounts.
Whether you prefer the convenience of opening an account online or the personalized service of an in-person visit, cPort Credit Union caters to your preference. cPort Credit Union is also NCUA insured.
7. Eastmill Federal Credit Union
Eastmill Federal Credit Union provides hassle-free banking with no minimum balance requirements and no monthly fees. Connect your savings and checking accounts for convenient overdraft protection.
Membership is open to individuals who work, live, worship, or attend school in Penobscot County and southern and central Aroostook County. Additionally, relatives of existing members are eligible to join.
To open a Share Savings account, Eastmill Federal Credit Union requires a deposit of $25. Eastmill Federal Credit Union offers convenient access to its services with branches in East Millinocket and Patten.
Experience the benefits of being a member of Eastmill Federal Credit Union, where you can enjoy the convenience of linked accounts and no fees. Join today and discover the personalized and welcoming experience that Eastmill Federal Credit Union provides.
8. Gorham Savings Bank
Gorham Savings Bank, established in 1868, offers various financial solutions. With a focus on customer satisfaction, their checking accounts provide interest and rewards.
With eight checking account options available, including cashback rewards and interest-bearing accounts, Gorham Savings Bank ensures there is a suitable choice for every customer. Enjoy tiered checking options, and rest easy knowing that out-of-network ATM fees are reimbursed.
The Statements Savings account is their primary savings option, offering an attractive APY with no monthly fee. To maintain this rate, Gorham Savings Bank requires a $25 daily balance and a $1 minimum opening deposit.
While most accounts don't have a monthly fee, some may have associated fees. In addition to checking and savings accounts, Gorham Savings Bank provides various financial products and services such as money market accounts, CDs, IRAs, credit cards, home equity lines of credit (HELOCs), mortgages, and more.
9. Infinity Credit Union
Infinity Credit Union offers Bridge Checking, a second-chance checking account that provides a fresh start for individuals seeking financial stability. With no monthly fees, minimum requirements, or minimum deposits, this account offers flexibility and accessibility.
You can also receive a free first order of checks and unlimited check writing, ensuring convenience for your banking needs. While Infinity Credit Union doesn’t allow overdrafts with this account, it does provide a daily ATM withdrawal limit of $100 for debit card transactions and $1,000 for cash withdrawals.
Infinity Credit Union has branches located in Bangor and Portland, serving individuals who live, work, worship, or go to school in Cumberland and York Counties, as well as the city of Bangor. With a commitment to supporting these communities, Infinity Credit Union provides a reliable and welcoming banking experience for those seeking a second-chance checking account.
10. Machias Savings Bank
Opened in 1869, Machias Savings Bank has 17 branches within the state of Maine. You can choose from several checking and savings accounts, CDs, and some of the best money market accounts.
While Machias Savings Bank does have limited ATMs, it will reimburse you up to $25 in third-party ATM fees each month. You can also earn a nickel each time you use your debit card.
When you open a checking account with Machias Savings Bank, you must make a $100 initial deposit. However, these accounts come without a monthly fee.
11. Midcoast Federal Credit Union
Midcoast Federal Credit Union offers Compass Checking, an excellent option for those needing a second-chance checking account. With this account, you can enjoy helpful money management tools, budgeting guides, and e-alerts to stay on top of your finances.
There are no minimum balance requirements or minimum deposits, making it accessible for all. Say goodbye to monthly fees and enjoy the benefits of a free debit card.
Midcoast Federal Credit Union proudly serves individuals who live, work, worship, or attend school in rural communities throughout Maine. Their commitment to supporting these communities is evident in their range of financial services and personalized approach.
Whether you're seeking a fresh start or reliable banking services, Compass Checking from Midcoast Federal Credit Union provides the flexibility and convenience you need. Take control of your finances and enjoy the benefits of a trusted financial partner that understands your unique circumstances.
12. Partners Bank
Partners Bank, a community bank located in southern Maine, offers a range of financial services to cater to individual and small business needs. They are committed to customer convenience and provide free third-party ATM use and a debit Mastercard for easy transactions.
Small businesses can benefit from fee-free business checking and a Mastercard credit card. Additionally, cash rewards are available on debit card purchases.
Though Partners Bank has limited branches, its focus on customer service remains unwavering. Founded in 1933, it has a long-standing history in the community.
Partners Bank offers competitive rates on savings and money market accounts. Its Fast Lane Checking account is a savings account with no monthly fees or minimum opening deposit requirement. The account's APY rate depends on your balance.
13. Saco & Biddeford Savings Institution
This Maine-based savings institution isn’t as scary as it sounds. In addition to checking and savings accounts, Saco & Biddeford Savings Institution offers HSAs, IRAs, and CDs.
You’ll also find one of the best banking apps with Saco & Biddeford Savings Institution. This Maine bank has multiple branches and ATM locations so that you can open an account around the state.
Open a Mainely Preferred Savings account with no monthly fee or minimum balance requirements. You can also earn more on larger balances with tiered interest rates.
Saco & Biddeford Savings Institution is FDIC insured. Founded in 1827, this savings institution requires that you visit a physical branch to open a new account.
14. TD Bank
Considered to be among the top 15 largest banks in the U.S., TD Bank is headquartered in Cherry Hill, New Jersey, and Portland, Maine. It has 260 ATMs across the region and serves several states, including:
TD Bank offers new checking accounts with attractive bonuses, providing added value for customers. With a minimum balance of $100, customers can enjoy fee-free checking accounts, avoiding monthly fees.
The bank also provides competitive rates on CDs. However, TD Bank offers low interest rates on its savings accounts.
Maine banking questions, answered
Which bank has the biggest sign-up bonus in Maine?
Chase Total Checking pays the biggest bonus on this list: $400 once your qualifying direct deposits total $1,000 or more within 90 days of opening. It is cumulative, so two or three normal paychecks clear it, and the cash lands within 15 days. You also get branch access across Maine, plus 5,000+ branches and 14,000+ ATMs nationwide.
Which bank can spot me money when I need it?
Current lets you draw up to $750 of your next paycheck early, with no interest and no credit check. New customers can also earn a $75 bonus with code WELCOME75 after $1,500 or more in eligible payroll deposits within 35 days. Current is a financial technology company, not a bank; banking services are provided by Choice Financial Group and Cross River Bank, both Members FDIC.
Which of the best banks in Maine offer free checking accounts?
TD Bank, Bangor Savings Bank, and Machias Savings Bank offer free checking accounts. Some accounts may require that you complete specific requirements to waive any existing monthly fees. Read the fee schedule first. Our guide to the best checking accounts compares more no-fee options in Maine.
What do you need to open a bank account in Maine?
To open a bank account in Maine, you need your Social Security number, proof of your address, personal identification, and an initial deposit. In some cases, certain banks will waive the initial deposit to make it easier to open an account. Several accounts in our best checking accounts roundup ask for no opening deposit and take ten minutes online.
Can I open a Maine bank account if I don’t live in Maine?
While some banks may have membership or location restrictions, many of the best banks in Maine allow residents outside the state to open accounts. Check with the specific bank you have in mind to discuss the restrictions. National and online banks have no residency requirement at all. Our best checking accounts roundup covers accounts with no residency rules.
How many bank accounts can you have?
You can have as many bank accounts open as you want. Most people open an additional bank account to take advantage of the best bank account bonuses but be careful of opening more accounts than you can manage. Stacking accounts is how most people collect several welcome bonuses. Our best checking accounts roundup covers the accounts worth opening first.
Final Thoughts
Maine is not only renowned for its breathtaking natural beauty but also for its exceptional banks. Whether you're a resident or a visitor, the best banks in Maine provide reliable and convenient services that cater to your unique needs.
We hope this article has helped you find the best bank in Maine to serve your needs. The better you bank, the more time you have to enjoy the best parts of this northeastern state.
From the lively streets of Portland to the tranquil coastal towns, Maine’s best banks stand out. So, whether you're looking to open a savings account, secure a loan, or manage your finances on the go, trust the best banks in Maine to provide you with an authentic and exceptional banking experience.
$400 once your direct deposits total $1,000. You have 90 days from enrolling, and it is cumulative rather than one big deposit.
Paid within 15 days of hitting the requirement.
$15 monthly fee, waivable four ways. $500+ in qualifying electronic deposits, a $1,500 daily balance, $5,000 average across linked accounts, or linking a qualifying checking account. Zelle, cash, checks and wires do not count.
More than 5,000 branches and 14,000 ATMs.
Bonus paid within 15 days, and it is closed to existing Chase checking customers.
Pros & Cons
$400 for $1,000 of direct deposits, the best ratio here
Up to $475, and it is three separate bonuses. $50 for opening and depositing $500 within 21 days, $25 more for enrolling in SoFi Plus, and up to $400 on direct deposit.
The $400 tier is strict. Eligible direct deposits totalling $5,000 or more inside 25 calendar days. $1,000 to $4,999.99 pays $50, under $1,000 pays nothing.
No fees and no minimums, and savings earns 3.30% APY with eligible direct deposit activity.
Only real payroll counts. Check deposits, Zelle, PayPal, Venmo, Wise, wires and IRS tax refunds are excluded.
Paid within about 7 business days, and the offer runs to December 31, 2026.
Pros & Cons
Three bonuses stack to $475 if you qualify for all of them
3.30% APY on savings with eligible direct deposit
No monthly fee, no minimum, no overdraft fee
SoFi Bank, N.A. is itself a Member FDIC bank
Bonus pays within about 7 business days
The $400 tier needs $5,000 in eligible direct deposits
$1,000 to $4,999.99 pays only $50
Deposits are totalled over just 25 calendar days
P2P, wires, check deposits and tax refunds do not count
The $1,000 headline needs $200,000 deposited. The welcome bonus is tiered: $40 at $10,000, $100 at $25,000, $200 at $50,000, $425 at $100,000 and $900 at $200,000 or more, plus a Savings and CD Boost of $10 to $100 on top.
Code STACK has to be entered at sign-up, and it is new customers only.
The first deposit must be initiated by September 30, 2026. Balances then have to be maintained for 90 days, and the cash lands within 30 days of qualifying.
Raisin is not a bank. It is a marketplace over 100+ partner banks and credit unions. Your money sits at the partner institution through a custodial bank, so cover is pass-through FDIC or NCUA up to $250,000 per institution.
No platform fees and a $1 minimum to open a product. APY up to 4.40%, accurate as of September 28, 2026.
Pros & Cons
Access to 100+ partner banks and credit unions from one login
Up to 4.40% APY, well above a typical bank savings rate
No platform fees and a $1 minimum to open
Spreading across partners can reach $10M+ in FDIC or NCUA coverage
Move money between savings products as rates change
The $1,000 headline needs $200,000 deposited
First deposit must be initiated by September 30, 2026
Balances have to be maintained for 90 days
Code STACK must be entered at sign-up, new customers only
$1,500 in eligible payroll deposits within 35 days. This is the requirement people miss. It is cumulative, not a single deposit.
$75 with code WELCOME75. New customers only, and the code has to be entered at signup.
Paid within about 10 business days of your deposits reaching $1,500.
Transfers do not count. Venmo, Cash App, Zelle, PayPal, mobile check deposits, cash and one-off deposits like a tax refund are all excluded.
No credit check to open, and up to $750 before payday. Instant access carries a fee, or wait up to 3 days for free.
Current is a fintech, not a bank. Banking services come from Choice Financial Group and Cross River Bank, both FDIC members, so cover is pass-through up to $250,000.
Pros & Cons
No credit check to open
$0 monthly fee
Up to $750 of your paycheck before payday
No credit check on Paycheck Advance, and repayments are not reported
Realistic approval after a past bank closure
Needs $1,500 in eligible payroll deposits within 35 days
Smallest bonus here at $75
Venmo, Cash App, Zelle and PayPal do not count
Current is a fintech, not a bank, so FDIC cover is pass-through
Instant advances carry a fee unless you wait 3 days
3.75% APY on balances of $5,000 or more, and 0.25% below that. It is tiered, so your end-of-day balance sets the rate and it is paid on the whole balance.
$100 minimum to open, and no account opening or monthly service fees.
CIT Bank is a division of First Citizens Bank, FDIC insured to $250,000 per depositor per ownership category. Deposits across First Citizens divisions are combined for that limit.
Opening takes about five minutes online.
APYs accurate as of July 1, 2026 and variable, so confirm before funding.
Every figure above comes from each provider’s own page. For the full breakdown of the checking bonuses, including what counts as a qualifying direct deposit at each bank, see our guide to the best checking accounts.
CIT Platinum Savings APYs are accurate as of July 1, 2026: 0.25% APY on balances of $0.01 to $4,999.99; 3.75% APY on balances of $5,000.00 or more. Platinum Savings is a tiered interest rate account. Rates are variable and may change at any time without notice. $100 minimum to open. CIT Bank is a division of First Citizens Bank, Member FDIC.
Raisin bonus: new customers only, code STACK required at sign-up. Welcome Bonus is $40 at $10,000 through $900 at $200,000 or more, plus a Savings and CD Boost of $10 to $100. First deposit must be initiated by September 30, 2026 and balances maintained 90 days. Raisin is not a bank; deposits are held at FDIC-insured banks and NCUA-insured credit unions through a custodial bank. APY accurate as of September 28, 2026. Raisin charges no platform fees.
Before you go
Two accounts that pay you to switch
Both are open to residents of every state. The only real difference is how much you have to move to earn it.
Brian Meiggs founded My Millennial Guide and has spent over a decade writing about money. He tries every app and product before it goes on the site. No fluff, no guesswork. Named to the Northern Virginia 40 Under 40 earlier this year, and featured in WSJ, Business Insider, and Entrepreneur. Off the clock: chess, the gym, a quiet night in.
