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Best Brokers for Banking Services in 2021

The world financial system has continued to evolve in the past few years and there’s a lot of brokerage combining banking services nowadays. And that’s what investors need for operating a financial account along with their trading stocks. With these brokers, you will also get both banking and trading features in one place such as making bill payments while buying stocks. To learn more about the features of brokers with trading and banking services, you can check review here.

However, when it comes to determining the best brokers for banking services, it’s often hard based on the huge number of selections to choose from. That being the reason, we have evaluated and combined a list of the top brokers for banking services that offer services like checking accounts, savings accounts, debit or credit cards, and other trending features. And interestingly, most of these brokers have a huge number of local branches around the world.

Here’s the list of best brokers for banking services in 2021:

  • Merrill Edge

Merrill Edge is a bank of America that offers both banking and brokerage services. Unlike other banks that offer brokers services, Merrill Edge has taken financial services to another level with 0$ trades. And that’s not all because they have lots of local branches around the world. They offer different varieties of bonuses and promotional offers, reward programs, and more.

  • Charles Schwab

Charles Schwab is a part of the popular Schwab bank, which offers professional banking services and online brokerage. They have over 300 local branches offering different varieties of banking services. They are registered as a popular member of FDIC. Charles Schwab offers checking and savings accounts, credit and debit cards, mortgages, and other exciting features.

  • Ally Invest

Even though All invest is not popular as Merrill Edge. They are still competing with them, in terms of features and the interesting services they provide to investors. Ally Invest’s fame is rising every day, similar to the popular Goptions trading platform. You can also check out Goptions review, if you’re interested in a reputable trading platform. Ally Invest allows one account per user. You can easily transfer money from your brokerage account to your banking account.

  • Fidelity

Fidelity is a popular financial business around the world with lots of banking features that’s beneficial to anyone. Unlike Merrill Edge, they have a lower number of 200 local branches that provide both banking and brokerage services. Fidelity provides its users with reward cards that offer a 2% cashback on all purchases.

  • E*Trade

Even though E*Trade is not that popular, it’s still a well-known broker that offers banking services in 2021. E*Trade has a bank subsidiary known as Morgan Stanley, through which they offer extensive banking services to registered users. E*Trade is still at the stage where it is slowly gaining popularity. Still looking for another trading platform, you can check out FXopen review here for more information.

What’s the difference between a brokerage account and a bank account?

A brokerage account is an account used for buying and selling investment stocks like stocks, ETFs, bonds, and others. However, a bank account is often used for keeping your money safe and for making bill payments.

What’s a bank brokerage?

A bank brokerage offers both banking and financial services to users.  Meaning that users can make use of bank services like paying bill payment while utilizing brokerage services like buying stocks, ETFs, and bonds. And most importantly, it’s very easy to move money between each account without hassle, as it’s from a single provider. With a brokerage account, users can easily access the benefits of brokerage and banking accounts at the same time.


The world financial system has continued to evolve in the past few years and there’s a lot of brokerage combining banking services nowadays. The above list of bank brokerages offers both banking and brokerage services to registered users.

Jeff Campbell