About Citizens Bank
Based in Providence, Rhode Island, Citizens Banks is a full-service national bank that offers a full suite of retail, small business and commercial banking products. Its’ roots date back to 1828. In 1988, the Royal Bank of Scotland acquired the institution and built the community bank up to a large national player over the next couple of decades. RBS was bailed out by the British government following the global banking crisis of 2008 and in the years that followed sold off its stake in the U.S. to refocus its efforts in the U.K.
If you live in the 11 states where it has branches, Citizens is a good option if you’re looking for a checking account with an easily avoidable monthly fee. If you live in the other 39 states or if you’re looking for high-yielding deposits, look elsewhere.