SouthState Bank Review
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Edited by
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At a glance
Overview
SouthState is best for customers who live within the bank’s geographical footprint: Alabama, Florida, Georgia, North Carolina, South Carolina and Virginia. Savers will find better options elsewhere, but those looking for an easily-accessible checking account in those locations may find SouthState to be a good fit.
Highlights:
Highly Rated AppHighlights:
CDs
Checking
Savings
MMA
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
These are sponsored offers rated highly by us for competitive rates, fees, and minimums.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.6/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Checking rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Overall
SouthState Bank offers a wide array of banking products, ranging from consumer savings accounts and credit cards to mortgages and small business banking. The bank generally offers low yields for its savings accounts, but its wide variety of checking accounts will fit many needs.
Pros
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Most accounts can be opened online without a minimum deposit.
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Most of the monthly fees are easily waived.
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SouthState is offering a special CD with a very competitive rate.
Cons
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Fee-free ATMs are concentrated in the southern states where SouthState operates.
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SouthState charges a steep overdraft fee.
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Savers looking to grow their money can easily find higher rates elsewhere.
SouthState Bank banking products
SouthState Bank savings overview
Pros
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There’s no minimum deposit requirement.
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The monthly fee is easily waived.
Cons
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Withdrawals are limited to three per month; a $2 fee applies for each withdrawal above that limit.
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Higher yields are easily found elsewhere.
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There’s a $5 monthly maintenance fee if you don’t meet the $200 minimum daily balance requirement.
SouthState Bank CD overview
Pros
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There is a special CD option offering a competitive APY.
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The $1,000 opening deposit is reasonable.
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There’s a 10-day grace period to withdraw your money without penalty after your CD renews.
Cons
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While SouthState’s APYs for its standard CDs are solid, higher yields can generally be found elsewhere.
SouthState Bank money market overview
Pros
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There’s no opening deposit requirement if you open an account online.
Cons
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Much higher yields are easily found elsewhere.
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The $12 monthly maintenance fee is not easily waived.
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You need $2,000 to start earning the APY.
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There’s a six-per-month withdrawal limit, and you’ll be charged a $10 fee each time you surpass that limit.
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A $50 minimum opening deposit is required if you open the account in a branch.
SouthState Bank checking overview
Pros
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There’s no ATM fees when using a SouthState ATM.
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There’s no minimum opening deposit when opening an account online.
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The monthly fee is easily waived.
Cons
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There’s a $36 overdraft fee per overdrawn transaction.
Bank fees
| Fee | Charged? |
|---|---|
| Overdraft fee | $36 |
| Non-sufficient funds fee | None |
| Monthly maintenance fees | $5 - $12 |
| Out-of-network ATM fee | $3 |
| Excessive transaction fee | $2 - $10 |
Customer experience
Customer service. Customer care is available by phone Monday through Friday from 7 a.m. to 8 p.m Eastern time, and Saturdays from 8 a.m. to 5 p.m Eastern time. The bank is closed on Sundays, but customers can also reach the bank through its online contact form.
Digital experience. SouthState’s app, which is highly rated by iOS and Android users, comes with a host of digital banking features, including Bill Pay, Zelle, mobile deposits and free e-statements.
Physical Presence. SouthState customers have access to more than 270 branches and more than 240 ATMs in Florida, Alabama, Georgia, North Carolina, South Carolina and Virginia.
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Review methodology
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.
