Whatever is important to you—low fees, high rates, convenience—our choices will help you decide how your bank measures up or whether it makes sense to move on. iStock By Janet Bodnar, Editor-at-Large From Kiplinger's Personal Finance, July 2017 Americans have a love-hate relationship with their bank. Intimacy is built in because of the very nature of personal financial transactions, yet customers are often dissatisfied with the fees they pay and the service they receive.See Also: Our Complete Guide to the Best Banks of 2017 Check out Kiplinger’s first-ever rankings of banks that do right by their customers. Our list of the best national and regional banks and credit unions with national access was four months in the making, spearheaded by a dedicated team led by senior editor Mark Solheim, along with contributing editor Lisa Gerstner and staff writer Miriam Cross. They vetted a half-dozen data providers before finding a fit with Moebs Services, in Lake Forest, Ill., which has been analyzing and advising financial institutions since 1983. (Coincidentally, Moebs was one of my trusted sources when I covered banking for Kiplinger’s a number of years ago.) To choose the winners and runners-up, Moebs used its own methodology, customized for Kiplinger’s. “We sifted through 70-some criteria for every single bank—literally thousands of bits of data in a very complex industry,” says Mark. To personalize our list even further, we applied our own criteria to identify the best institutions for each of six profiles: high-net-worth families, retirees, frequent travelers, millennials, students and members of the military. For example, Citibank won top honors for high-net-worth families, because with $200,000 in assets clients qualify for outstanding special services, such as access to a financial adviser plus wealth seminars and other private events. Thanks to his years of experience in the business, company president Mike Moebs was able to add personal observations of his own. A former Navy pilot, Moebs still makes it a point to stay in touch with service members and ask them about their banking habits. One insight: They often prefer to use prepaid cards because they move around frequently and aren’t tied to one bank. Advertisement Size matters. Because of the sheer number of financial institutions in the U.S.—nearly 12,000—we weren’t able to rank every one. Moebs divided the country into four regions; a national bank was defined as one that had at least 15% of its deposits in a second region beyond its core location and had more than $25 billion in assets. We counted a total of 18 national banks overall. Regional banks needed to have more than $10 billion in assets, and there were 35 of those. We also ranked 22 credit unions with nationwide access. By definition, this eliminated small community banks and credit unions with limited affiliated membership. It’s likely that those small institutions offer far less in the way of technology and online access, but they can often make up for it in personal service. “They tend to be the kind of bank that will go less by the numbers or credit score if you’re applying for a loan or a mortgage,” says Mark. “Chances are they work with someone from your family or know you from Kiwanis.” In fact, although a bank’s ability to harness technology figured in our rankings, that’s not the whole story. As the authors write, “Branches, and the personal touch, still matter. Overall satisfaction among customers who visited a bank branch is higher than for those who did all their banking digitally, according to a recent J.D. Power survey. That’s why we gave extra weight to banks with a higher number of branches when we picked the best institutions for our high-net-worth and retiree profiles.” See Also: 70 Time-Tested Tactics to Build Your Wealth And that’s why branches won’t disappear even as their numbers shrink. Whatever is important to you—low fees, high rates, convenience—our choices will help you decide how your bank measures up or whether it makes sense to move on.