Based in Miami Lakes, Florida, BankUnited offers all types of accounts with decent interest rates. To find out if BankUnited is right for you, continue reading the review below.
BankUnited current has 95 physical branches all over U.S, which is smaller than the average amount of other traditional brick and mortar banks, but they have a variety of different accounts.
Those who live in either Florida and New York that prefer smaller banks might want to check out what BankUnited has to offer.
Checking Account Options
BankUnited offers a few checking accounts that comes with various benefits. All checking accounts come with a BankUnited Visa Debit Card, free online/mobile banking and online pay.
This is BankUnited’s basic checking account. You can open it with a minimum deposit of $50.
Some key features of this checking account are:
- There is a monthly maintenance fee of $7, but it is considered fair for all accounts
- You get free access to all BankUnited and Presto!® (Publix) ATMS
- You get 5 free transactions when used on a non BankUnited ATM. Afterwards you will have to pay a $2.50 fee
This checking account is particularly competitive and earns tiered interest rates. You will need a minimum deposit of $100 to open this account.
Some key features of this checking account are:
- You get free access to all BankUnited and Presto!® (Publix) ATMS
- You get 5 free transactions when used on a non BankUnited ATM. Afterwards you will have to pay a $2.50 fee
- There is a monthly maintenance fee of $20 to consider
- First order of standard checks are free (shipping rates will apply)
- Free paper statements
- A complimentary standard size safe deposit box (subject to availability)
- You can gain access to an ID Restoration Service provided by Deluxe Provent
This is a premier checking account that lets you earn rewards up to 2.00% APY. It is a high interest-bearing account.
You will receive all the previous benefits the other checking accounts already offer as well.
Compare Checking Accounts
 • New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities • Chase Mobile® app - Manage accounts, pay bills, send money to friends with Zelle® and deposit checks from almost anywhere. • Chase Overdraft AssistSM – no overdraft fees if you’re overdrawn by $50 or less at the end of the business day or if you’re overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day* • Help keep your money protected with features like Zero Liability Protection, fraud monitoring and card lock. • Chase Total Checking includes FDIC insurance up to the maximum amount allowed by law. • With over 4,700 branches, Chase has the largest branch network in the U.S. plus access to more than 15,000 ATMs. • Open your account online now • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com. *With Chase Overdraft AssistSM, we won’t charge an Overdraft Fee if you’re overdrawn by $50 or less at the end of the business day OR if you’re overdrawn by more than $50 and you bring your account balance to overdrawn by $50 or less at the end of the next business day (you have until 11 PM ET (8 PM PT) to make a deposit or transfer). Chase Overdraft Assist does not require enrollment and comes with eligible Chase checking accounts. |
Savings Account Options
BankUnited has a good variety of savings accounts that offers similar benefits, but be sure to consider the different opening requirements and monthly fees. They are unfortunately not able to be waived.
If you are unsure where to begin with savings, then value savings can assist you. With just $50 as an opening deposit, you can start earning interest.
Some key features of this savings account are:
- There is a monthly maintenance fee of $5 to consider
- You are allowed up to six transactions per month
- You have access to free eStatements through BankUnited Online Banking
This savings account earns high interest and the more you deposit into it, the higher your rates can increase.
However, you will need a minimum deposit of $2,500 in order to open this account.
Some key features of this savings account are:
- There is a monthly maintenance fee of $8 to consider
- You are allowed up to six transactions per month
- You have access to free eStatements through BankUnited Online Banking
This savings account is targeted for kids 17 and under. Kids can start a savings account and learn how to save and manage money responsibly.
They will need $10 as an opening deposit.
Some key features of this savings account are:
- No monthly maintenance fee (waived until the kid turns 18)
- They are allowed up to six transactions per month
- Free eStatements through BankUnited Online Banking
Compare Savings Accounts
 Open a Discover® Online Savings Account for all these features: • Earn $200/$150 Bonus with promo code LOP325 by 9/11/2025 • Earn high interest rate of 3.70% APY • No minimum opening deposit, no minimum balance requirement, and now no fees • Interest on Discover Online Savings Accounts is compounded daily and credited monthly • Manage your account online or with the Discover mobile app • FDIC insurance up to $250,000 • See advertiser website for full details To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code LOP325 at application, deposit into your Account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200. What to know: Offer not valid for existing or prior Discover savings customers. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 09/11/2025, 11:59 PM ET. Offer may be modified or withdrawn without notice. Due to new customer funding limits, you may wish to initiate fund transfers at your other institution. For information on funding, see FAQs on Discover.com/Bank. |
Money Market Account Options
Money Market accounts allow for a higher yield and gives access to your funds with either checks or a bankcard. BankUnited’s Relationship Money Market has a lower than most opening deposits and earns decent interest.
You will need $100 as an opening deposit to open this account.
Some key features of this savings account are:
- There is a monthly maintenance fee of $15 to consider
- You will receive a Free VISA® Debit Card
- They are allowed up to six transactions per month
- Free eStatements through BankUnited Online Banking
Compare Money Market Accounts
 • Get started and open a Discover® Money Market Account in 3 easy steps. • Available nationwide online • Earn high yields with flexible access to your cash. • Earn 3.65%% APY balances $100,000 and over • Earn 3.60% APY balances under $100,000 • No hidden fees. No surprises. • Easy cash access via debit or check, or via ATM at over 60,000 no-fee ATMs |
CD Account Options
BankUnited has only promotional CDs, but they vary ranging from 12 months to 60 months. You can open each one for $1,000 and interest is also compounded daily.
Right now, BankUnited is offering a 11-Month CD for 2.35% instead of the regular 12-Month term.
Learn more about BankUnited CDs here.
Compare CD Accounts
• Available nationwide online, Discover® offers CDs with some of the highest & most competitive rates! with select terms as short as 3 months up to 120 months • Rates ranging from 2.00% APY up to 4.00% APY. • Opening a Discover Bank Certificate of Deposit is extremely quick and easy. • Funds on deposit are FDIC-insured up to the maximum allowed by law. • Get started and open a Discover CD in 3 easy steps. |
Reasons to Bank with BankUnited
- Their minimum opening deposits to open either a checking or savings account are fairly low.
- You can receive a BankUnited Debit Card and access to all BankUnited ATMs without having to pay a fee.
- You get 5 free transactions if you use a non BankUnited ATM.
- The Vertical Rewards Elite Checking earns pretty high interest if you are willing to keep up with maintaining a moderately high balance.
- Their CDs earn pretty high interest as well for being a smaller bank.
- You can do all your banking online with their mobile app.
Reasons Not to Bank with BankUnited
- There is no possible way to waive the monthly service fees, and they increase with each upgraded account.
- They have only about 95 branches in Florida and New York.
- BankUnited’s customer service is not 24 hours, 7 days a week.
- There is no customer service live chat available on their website.
BankUnited Routing Number
The routing number for BankUnited is 267090594.
Contact Customer Service
You can reach BankUnited at 1-(877)-779-2265.
A customer service representative will be available to talk at these hours:
- Monday – Friday, 8:00 a.m. – 8:00 p.m.
- Saturday, 9:00 a.m. – 2:00 p.m.
How BankUnited Compares
- Chase Bank: Chase is one of the biggest banks in the U.S and offers just about almost everything. Compared to its other competitors, Chase offers much more checking account options.
- Valley National Bank: Also located in New York, they offer pretty similar options to NYCB but have a better variety of savings accounts, though the rates are comparable. VNB has various account options but pride themselves in high CD rates as well.
- New York Community Bank: NYCB offers similar account options to BankUnited and you can waive all their monthly fees. They also have competitive interest rates to consider.
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Bottom Line
If you want a simple bank with average checking and savings account options, then perhaps consider BankUnited.
They offer pretty decent interest rates for their regular accounts and higher tiered interest rates for their CDs. However, do keep in mind the monthly charges.
Those who don’t live in Florida or New York would probably find this bank irrelevant since online banking doesn’t make a difference either in terms of monthly fees.
However, keep in mind that when you look for a checking or savings account be sure to look into all the fees charged. Don’t focus on the interest rate alone, but on what the account will cost you overall.
If you are interested in checking out other banks in the New York area, click here.
If BankUnited has the variety and options you’re looking for, apply today! For more options from a variety of banks, see our list of the best bank promotions!
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