- Overall bank rating
- Pros and cons
- Savings
- Checking
- Money market account
- CD
- How Fulton Bank works
- Fulton Bank trustworthiness and BBB rating
- Fulton Bank vs. KeyBank
- Fulton Bank vs. M&T Bank
- Frequently asked questions
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The bottom line: Fulton Bank could be a good fit if you're a resident of Delaware, Pennsylvania, New Jersey, Maryland, or Virginia who wants to open a free checking account. It also might be worth considering if you're searching for a variety of CD options. If you don't live in one of these states or want to bank digitally, you may consider one of the best online banks instead.
Overall bank rating
| Account | Insider rating (out of 5) |
| Savings | 3.5 |
| Checking | 4 |
| Money market account | 3.25 |
| CD | 3.5 |
| Trustworthiness | 4 |
| Total | 3.75 |
Pros and cons
| Pros | Cons |
|
|
Fulton Bank Statement Savings Account
Fulton Bank Statement Savings Account Read Review
Insider’s Rating A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Fees$6 monthly service fee
Annual Percentage Yield (APY)0.02%
Minimum Opening Deposit$25 online ($0 at branch)
Pros- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Low or no minimum opening deposit
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Possible to waive monthly service fee
- con icon Two crossed lines that form an 'X'. Low interest rate
- con icon Two crossed lines that form an 'X'. $6 monthly service fee
- Over 200 locations and 230 ATMs in DE, PA, NJ, MD, and VA
- To waive the $6 monthly service fee, you must be under the age of 25 or have a daily account balance of at least $100
- Interest compounded daily, deposited monthly
- Member FDIC
The Fulton Bank Statement Savings Account might be adequate if you are under the age of 25 or can maintain a daily account balance of at least $100. That way, you won't have to pay a $6 monthly service fee.
Fulton Bank doesn't pay high interest rates on its savings accounts. If this is one of your main priorities, consider other banking options.
Fulton Bank Simply Checking Account
Fulton Bank Simply Checking Account Read Review Insider’s Rating A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Feesno monthly service fee
Annual Percentage Yield (APY)None
Minimum Opening Deposit$25 online ($0 at branch)
Pros- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Low or no minimum opening deposit
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. No monthly service fees
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Overdraft protection available
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Up to 4 reimbursements from out-of-network ATM fees (maximum $10)
- con icon Two crossed lines that form an 'X'. $2.50 out-of-network ATM fee
- con icon Two crossed lines that form an 'X'. $12 overdraft transfer fee
- con icon Two crossed lines that form an 'X'. $39 overdraft fee
- Over 200 locations and 230 ATMs in DE, PA, NJ, MD, and VA
- Overdraft protection that lets you link to a Fulton Bank account or apply for a line of credit
- $12 overdraft transfer fee if you utilize overdraft protection
- Member FDIC
The Fulton Bank Simply Checking Account is a great checking account for avoiding common bank fees. It has zero monthly service fees and reimburses four transactions from out-of-network ATMs per month (up to $10).
The bank also offers overdraft protection to avoid paying a $39 overdraft fee — however, there's still a $12 overdraft transfer fee if you utilize it.
Fulton Bank Platinum Money Market Account
Fulton Bank Platinum Money Market Account Read Review Insider’s Rating A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Annual Percentage Yield (APY)up to 3.27% (vary by location)
Minimum Opening Deposit$25 online ($0 at branch)
Pros- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Low or no minimum opening deposit
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Check writing included
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Possible to waive monthly service fee
- con icon Two crossed lines that form an 'X'. Low interest rate
- con icon Two crossed lines that form an 'X'. $1,000 minimum to earn interest
- con icon Two crossed lines that form an 'X'. $15 monthly service fee
- con icon Two crossed lines that form an 'X'. No debit card
- Over 200 locations and 230 ATMs in DE, PA, NJ, MD, and VA
- You must have at least $1,000 in your account to earn interest
- To waive the $15 monthly service fee, you must have a daily account balance of at least $2,500
- Interest compounded daily, deposited monthly
- Member FDIC
While the Fulton Bank Platinum Money Market Account has a low minimum opening deposit, you'll need at least $1,000 in your account to earn interest.
Other financial institutions may also pay a higher interest rate, regardless of your account balance.
Fulton Bank CD
Fulton Bank CD Read Review Insider’s Rating A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Annual Percentage Yield (APY)0.70% to 4.87% (vary by location)
Minimum Opening Deposit$1,000
Pros- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Variety of CD terms
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Multiple types of CDs
- con icon Two crossed lines that form an 'X'. Low interest rate
- con icon Two crossed lines that form an 'X'. $1,000 minimum opening deposit
- con icon Two crossed lines that form an 'X'. Standard-to-high early withdrawal penalties
- Over 200 locations and 230 ATMs in DE, PA, NJ, MD, and VA
- CD terms range from 3 months to 6 years
- Fulton Bank has a special 9-month no-penalty CD and 12-month variable rate CD
- Early withdrawal penalties: For CD terms under 6 months, the penalty is all interest earned OR seven days of interest (whichever is more); For terms between 6 months and 3 years, the penalty is 102 days of interest; For terms longer than 3 years, the penalty is 12 months of interest
- No early withdrawal penalty for no-penalty 9-month CD
- Interest compounded daily, deposited monthly
- Member FDIC
Fulton Bank is a solid financial institution for opening a CD. It has more CD terms than other brick-and-mortar banks. You also have two special types of CDs to choose from — a variable rate 12-month CD and a no-penalty 9-month CD.
Be mindful of early withdrawal penalties, though, which may be high depending on the term.
How Fulton Bank works
Fulton Bank is a brick-and-mortar financial institution with over 200 locations and 230 ATMs in Delaware, Pennsylvania, New Jersey, Maryland, and Virginia.
To contact customer service, call on weekdays from 7 a.m. to 8 p.m. ET or on Saturdays from 8 a.m. to 3 p.m. ET.
Fulton Bank's mobile app has 4.5 out of 5 stars in the Google Play Store and 4.8 out of 5 stars in the Apple store.
Bank deposits are FDIC insured, so you may safely keep up to $250,000 in an individual bank account.
Fulton Bank trustworthiness and BBB rating
The Better Business Bureau assesses businesses by looking at how they resolve customer issues. Fulton Bank has received an A+ rating.
Fulton Bank has been involved in one recent public controversy. In 2023, the bank paid $750,000 in a settlement when accused of being responsible for a 2022 data breach that affected 112,000 mortgage borrowers.
Fulton Bank vs. M&T Bank
Fulton Bank and M&T Bank are brick-and-mortar banks available in the same states. Here's how the two compare.
Locations DE, PA, NJ, MD, and VA | Locations CT, DE, FL, MD, NJ, NY, PA, VA, WV, and Washington, DC |
Standout feature Free checking account that reimburses some out-of-network ATM fees | Standout feature Savings account with several ways to waive the monthly service fee |
| Learn more | Learn more |
Deciding between these two banks could likely come down to the accounts you'd like to open.
Fulton Bank might stand out if you are looking for a solid fee-free checking account. The Fulton Bank Simply Checking Account has zero monthly service fees and reimburses four out-of-network ATM transactions per month (up to $10).
M&T Bank has a variety of checking accounts, but all of them involve monthly service fees and out-of-network ATM fees.
For savings accounts, it might be a bit of a toss-up. Your preference may likely depend on how you manage your account.
M&T Bank waives the monthly service fee on the M&T Relationship Savings Account if you keep at least $500 in your account, open an M&T checking account, or make one monthly deposit. Fulton Bank lets you waive the fee if you're under the age of 25 or have a daily account balance of at least $100.
Fulton Bank vs. Citizens Bank
See how Fulton Bank stacks up to another regional bank on the East Coast: Citizens Bank.
Locations DE, PA, NJ, MD, and VA | Locations CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI, VT, VA |
Standout feature Free checking account that reimburses on some out-of-network ATM fees | Standout feature Checking account that reimburses some overdraft fees |
| Learn more | Learn more |
Fulton Bank and Citizens Bank both offer compelling checking accounts.
The Fulton Bank Fulton Bank Simply Checking Account might be better if you frequently travel outside of the East Coast. Fulton Bank reimburses four out-of-network ATM transactions (up to $10) each month. Citizens Bank doesn't reimburse any out-of-network ATM fees.
The Citizens Bank One Deposit Checking Account could be a more appropriate choice if you are worried about overdraft fees.
The two financial institutions offer similar overdraft protection programs, but Citizens Bank also has a supplementary program for reimbursing some overdraft fees. Through Citizens Peace of Mind, the bank refunds overdraft fees on checking accounts if you deposit money into your account before 10 p.m. ET the next business day.
Frequently asked questions
Is Fulton Bank a regional bank? Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.Yes. Fulton Bank only has locations on the East Coast. It serves residents in Delaware, Pennsylvania, New Jersey, Maryland, and Virginia.
What do I need to open an account at Fulton Bank? Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.You'll need a security number or ITIN number, and US ID. If you're opening an account online, a $25 minimum opening deposit will also be required.
Is Fulton Bank a good bank? Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.Fulton Bank is a good option if you're planning to open a checking account or CD at a brick-and-mortar financial institution.
If you'd like to open a savings account or money market account, you might find stronger accounts at other financial institutions. Fulton Bank may charge a monthly service fee depending on your account balance, and it pays a low interest rate.
Sophia Acevedo Banking Editor Sophia Acevedo is a banking editor at Business Insider. She has spent three years as a personal finance journalist and is an expert across numerous banking topics.ExperienceSophia leads Personal Finance Insider's banking coverage, including reviews, guides, reference articles, and news. She edits and updates articles about banks, checking and savings accounts, CD rates, and budgeting and saving. She is highly knowledgeable about long-term trends in rates and offers at banks across the U.S.Before joining Business Insider, Sophia worked as a journalist at her college newspaper and was a freelance writer. She has spent seven years writing and editing as a journalist.Sophia was nominated for an Axel Springer Award for Change in 2023 for her coverage of ABLE accounts, tax-free savings accounts for people with disabilities. She was also a winner of a 2018 California Journalism Awards Campus Contest for her photography.She loves helping people find the best solutions for their unique needs and hopes that more people will find the tools to solve their financial problems. She’s inspired by stories of everyday people adapting to their financial circumstances and overcoming their fears around money.ExpertiseSophia's expertise includes:- Bank accounts
- Savings and CD rate trends
- Budgeting
- Saving
- How banks operate
Evelyn He Compliance and Operations Associate Evelyn He is a Compliance and Operations Associate on the Personal Finance team to ensure content accuracy and editorial independence so readers get up-to-date and objective financial advice.The compliance team's mission is to provide readers with fact-checked and current stories so they can make informed financial decisions. The team also works to minimize risk for partners by ensuring language is clear, precise, and fully compliant with regulatory and partner marketing guidelines that align with the editorial team. Read more Read less Top Offers From Our Partners 
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