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The Best Banks in Winston Salem, North Carolina

Our research team has identified the top 3 banks in Winston Salembased on customer service, rates, digital features, and customer satisfaction.

3
Top Banks
4.4/5
Avg Rating
26
Total Branches
930
Total Reviews

Top Banks in Winston Salem

Carefully selected based on customer service, rates, and digital features

1

Truist Bank

Bank

★★★★☆
4.2/5

One of the largest banks in the Southeast with deep roots in North Carolina. Formerly BB&T before merging with SunTrust, offering comprehensive financial services including strong commercial banking and wealth management divisions. Known for extensive branch network throughout the region.

Branches:12 locations
Reviews:420 customer reviews
(336) 733-2000
101 N Main St, Winston Salem, NC

Services:

Checking AccountsSavings AccountsMortgagesPersonal LoansBusiness BankingInvestment ServicesCredit CardsAuto LoansDigital Banking
Visit Website
2

First National Bank

Bank

★★★★☆
4.4/5

Regional bank with strong community focus serving the Piedmont Triad area. Offers personalized service with competitive rates on deposits and loans. Known for excellent customer service and local decision-making capabilities for business and personal banking needs.

Branches:8 locations
Reviews:185 customer reviews
(336) 722-6000
500 West 5th Street, Winston Salem, NC

Services:

Checking AccountsSavings AccountsMortgagesPersonal LoansBusiness BankingCredit CardsAuto LoansStudent LoansDigital Banking
Visit Website
3

Allegacy Federal Credit Union

Credit Union

★★★★☆
4.7/5

Highly rated local credit union serving members throughout the Winston Salem area. Offers competitive rates, lower fees, and member-focused service. Known for exceptional customer satisfaction and community involvement. Multiple branches conveniently located throughout the region.

Branches:6 locations
Reviews:325 customer reviews
(336) 774-3400
4140 Clemmons Road, Clemmons, NC

Services:

Checking AccountsSavings AccountsMortgagesPersonal LoansAuto LoansCredit CardsInvestment ServicesBusiness BankingDigital Banking
Visit Website

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Frequently Asked Questions

Common questions about banking in Winston Salem, North Carolina

What are the benefits of banking with a Winston-Salem-based institution like Allegacy Federal Credit Union versus a national bank?

Banking with a local institution like Allegacy Federal Credit Union, which is headquartered in Winston-Salem, often provides a more personalized customer service experience and a deeper understanding of the local economy. As a credit union, Allegacy is member-owned, which typically translates to lower fees, higher interest rates on savings, and a strong focus on community reinvestment through local sponsorships and charitable programs. National banks like Truist, which also has a major presence here, offer the advantage of a vast branch and ATM network across the country, which can be beneficial for frequent travelers. Your choice depends on whether you prioritize local engagement and potential cost savings or widespread convenience.

How can I find fee-free ATMs in Winston-Salem to avoid surcharges?

The easiest way to find fee-free ATMs in Winston-Salem is to use your bank's or credit union's mobile app, which will show you their branded ATM locations. Allegacy Federal Credit Union members have access to a large network of surcharge-free ATMs through the CO-OP and Credit Union Alliance networks, including many at local CVS and Walgreens stores. For Truist and First National Bank customers, using their respective branded ATMs is fee-free. Additionally, many local credit unions participate in shared branching, allowing you to perform basic transactions at other credit union locations without fees.

Are there banks in Winston-Salem that offer specialized services for the local healthcare and academic sectors, given the presence of Wake Forest Baptist Health and Wake Forest University?

Yes, several Winston-Salem financial institutions have tailored services for these key sectors. Truist Bank, for instance, has dedicated commercial banking teams that work with large employers like Atrium Health Wake Forest Baptist and Wake Forest University on institutional banking, treasury management, and employee banking programs. Allegacy Federal Credit Union often has specific membership eligibility for employees of these organizations and may offer perks like paycheck-linked loans or specialized financial wellness workshops. It's common for these institutions to have branches or ATMs conveniently located on or near hospital and university campuses.

What local mortgage or home loan programs are available for first-time homebuyers in Winston-Salem?

Winston-Salem first-time homebuyers have several local and state-level programs to explore. Many local lenders, including Allegacy Federal Credit Union and First National Bank, are familiar with and participate in the NC Home Advantage Mortgage™ program, which offers down payment assistance and competitive interest rates. The City of Winston-Salem also offers its own Homeownership Assistance Program (HAP) through the Department of Housing & Community Development, which provides deferred, forgivable loans for down payment and closing costs to eligible buyers. It's recommended to speak with a mortgage loan officer at a local bank or credit union who can guide you through these specific Winston-Salem and Forsyth County opportunities.

With the growth in downtown Winston-Salem, which banks have the most convenient branches and financial services for residents and small businesses in the city center?

The revitalization of downtown Winston-Salem has been met with strategic banking presence. Truist Bank maintains a significant flagship branch at 101 N. Main Street, offering full-service retail and business banking. First National Bank has a strong commitment to the downtown area with a branch on North Cherry Street, actively supporting local small business development. Allegacy Federal Credit Union, while headquartered in the city, is also expanding its downtown footprint to serve the growing residential and commercial population. For the utmost convenience, all these institutions offer robust online and mobile banking platforms, allowing downtown residents and business owners to manage most of their finances digitally.

Finding the Best Local Banks Near Me in Winston-Salem, NC: A Guide to Your Community Options

Expert insights about banking in Winston Salem

If you're a Winston-Salem resident searching for the "best local banks near me," you're in luck. Our city offers a strong mix of large regional institutions and dedicated community-focused financial centers. Choosing the right bank is about more than just a nearby branch; it's about finding a partner that understands the financial rhythm of the Twin City, from downtown revitalization projects to family needs in Ardmore or Pfafftown. Let's explore some of the top local options that consistently earn the trust of our neighbors.

For many in Winston-Salem, Truist Bank is a cornerstone of the financial landscape, born from the merger of legacy banks with deep North Carolina roots. With numerous branches and ATMs across the city, Truist offers the extensive product suite and digital tools of a major bank while maintaining a visible local presence. They are actively involved in community development, which can be a significant plus if you value a bank that invests in local projects. For comprehensive services from mortgages to business banking under a familiar name, Truist is a formidable contender.

If your priority is a true community banking experience, First National Bank is a standout choice. Headquartered right here in North Carolina, FNB prides itself on relationship-based service. Walking into one of their Winston-Salem locations, like the one on Stratford Road, you're likely to be greeted by decision-makers who live and work in our area. This often translates to more personalized attention, especially for small business owners or individuals seeking financial advice. They combine local decision-making with modern banking conveniences, striking a balance that many residents appreciate.

For an alternative that puts member ownership first, look no further than Allegacy Federal Credit Union. As a credit union, Allegacy is not-for-profit and returns its earnings to members through competitive rates on savings accounts, lower loan interest, and fewer fees. With several locations in and around Winston-Salem, including their prominent presence on University Parkway, they offer a full range of services. Membership is accessible to anyone who lives, works, worships, or attends school in Forsyth County, making it an inclusive option. If you value high-yield savings and a community-centric philosophy, Allegacy is essential to consider.

Your best choice depends on your personal financial style. Do you prefer the vast resources and technology of a large bank, the personalized touch of a community bank, or the member-focused benefits of a credit union? We recommend making a shortlist based on the services you need most—be it a robust mobile app, exceptional customer service, or the best auto loan rate. Then, take the Winston-Salem approach: visit a local branch or two, have a conversation, and see which one feels like the right financial home for you. Your perfect banking partner is right here in our community.

Nearby Cities

Explore banking options in cities near Winston Salem

Pendleton

North Carolina

Walkertown

North Carolina

Pfafftown

North Carolina

How We Rate Winston Salem Banks

Our comprehensive 5-star rating system evaluates banks across multiple criteria to help you find the best financial institution in Winston Salem.

Customer Service & Support

Service quality, responsiveness, and customer satisfaction ratings.

Fees & Interest Rates

Competitive rates, transparent fees, and overall value proposition.

Digital Banking Features

Mobile app quality, online features, and digital innovation.

Need Banking Services in Winston Salem?

Contact one of our top-rated banks today to learn more about their services and find the right banking solution for your needs.

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