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SouthState Bank Review

Updated April 28, 2025
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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 App
3.4
Rating: 3.4 stars out of 5
Bankrate Score
Info Icon

CDs

Rating: 3.6 stars out of 5
3.6 /5

Checking

Rating: 4.2 stars out of 5
4.2 /5

Savings

Rating: 2.3 stars out of 5
2.3 /5

MMA

Rating: 2 stars out of 5
2.0 /5
Sponsored offers
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These are sponsored offers rated highly by us for competitive rates, fees, and minimums.

Bank logo
Member FDIC
Savings Account
3.50
%
APY
APY
Info Icon
As of 7/16/2025
Rating: 4.4 stars out of 5
$0
Min. balance for APY
View offer Arrow Right Icon
Promoted offer: It only takes about 5 minutes to open a fee-free account.
Bank logo
Banking services provided by Sutton Bank, Member FDIC*
Checking Account
3.75
%
APY
APY
Info Icon
As of 7/16/2025
$0
Min. balance for APY
View offer Arrow Right Icon
Bank logo
Member FDIC
Checking Account
0.50
%
APY
APY
Info Icon
As of 7/16/2025
Rating: 4.9 stars out of 5
$0
Min. balance for APY
View offer Arrow Right Icon

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

  • Checkmark Icon

    Most accounts can be opened online without a minimum deposit.

  • Checkmark Icon

    Most of the monthly fees are easily waived.

  • Checkmark Icon

    SouthState is offering a special CD with a very competitive rate.

Cons

  • Fee-free ATMs are concentrated in the southern states where SouthState operates.

  • SouthState charges a steep overdraft fee.

  • Savers looking to grow their money can easily find higher rates elsewhere.

SouthState Bank banking products

SouthState Bank savings overview

2.3
/5
Rating: 2.3 stars out of 5

Pros

  • Checkmark Icon

    There’s no minimum deposit requirement.

  • Checkmark Icon

    The monthly fee is easily waived.

Cons

  • Withdrawals are limited to three per month; a $2 fee applies for each withdrawal above that limit.

  • Higher yields are easily found elsewhere.

  • There’s a $5 monthly maintenance fee if you don’t meet the $200 minimum daily balance requirement.

SouthState Bank CD overview

3.6
/5
Rating: 3.6 stars out of 5

Pros

  • Checkmark Icon

    There is a special CD option offering a competitive APY.

  • Checkmark Icon

    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

  • While SouthState’s APYs for its standard CDs are solid, higher yields can generally be found elsewhere.

SouthState Bank money market overview

2.0
/5
Rating: 2 stars out of 5

Pros

  • Checkmark Icon

    There’s no opening deposit requirement if you open an account online.

Cons

  • Much higher yields are easily found elsewhere.

  • The $12 monthly maintenance fee is not easily waived.

  • You need $2,000 to start earning the APY.

  • There’s a six-per-month withdrawal limit, and you’ll be charged a $10 fee each time you surpass that limit.

  • A $50 minimum opening deposit is required if you open the account in a branch.

SouthState Bank checking overview

4.2
/5
Rating: 4.2 stars out of 5

Pros

  • Checkmark Icon

    There’s no ATM fees when using a SouthState ATM.

  • Checkmark Icon

    There’s no minimum opening deposit when opening an account online.

  • Checkmark Icon

    The monthly fee is easily waived.

Cons

  • 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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We want to know what you think about SouthState Bank

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Review methodology

With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.

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.