About BankUnited
BankUnited was founded in the early 2000s by a number of individuals and investment firms. It is headquartered in Miami-Lakes, Florida. The bank operates in more than 100 branches in Florida and a number of banking centers in New York and Texas. It also offers fee-free access to Allpoint's more than 55,000 ATMs nationwide.
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BankUnited Overview
BankUnited offers a variety of bank products, such as CDs, checking, money market, and savings accounts. It operates mostly in Florida but also has financial centers in New York and Texas and allows anyone to open an account online. The bank offers competitive APYs for some of its CDs and online money market accounts, with its checking and savings accounts at or below the national averages for their respective account types.
| Competitive APYs on some of its CDs and money market accounts. | Low APYs on its checking and savings accounts. |
| Offers a full range of account types. | Most of its branches are located in only Florida. |
| Little to no monthly service charges. | Some accounts require a much higher minimum opening deposit. |
| Low minimum opening deposits on many of its accounts. | Most accounts have a monthly service charge. |
| Access to funds through the more than 55,000 Allpoint ATMs nationwide. |
BankUnited Product Offerings
CDs
A certificate of deposit (CD) is a form of savings account that pays a fixed interest rate on the money in the account for a certain period, known as a term. BankUnited offers CDs with terms ranging from six months to three years. It offers competitive APYs on only some of its CDs, with most offering yields at or below the national average of 2.60%. Here are the details for some of the bank's CD offerings for the month! and 2025:
Checking Accounts
BankUnited has several different business and personal checking accounts. All of the checking accounts offer APYs below the national average of 0.01% for checking accounts. Most accounts require a low minimum opening deposit. Here are the latest account details for May 2025:
Money Market Accounts
A money market account is an interest-bearing hybrid between a savings account and a checking account. BankUnited offers one personal and one business money market account, one of which offers a competitive APY higher than the national average of 2.02%. Here are the account details for May 2025:
Savings Accounts
BankUnited offers a few different savings accounts. All accounts have either no monthly service charge or a service charge that can be waived. Also, all have a relatively low minimum opening deposit. The yields offered are, for the most part, in line with the national average of 1.45%. Here are the latest savings account details for May 2025:
Bank Fees
Overdraft fee: None
Savings and Money Market Account withdrawals: $5-$10
Account closure fee: None
Dormant account fee: $15 per month after 24 months of inactivity
Wire transfer fee: Domestic - Incoming is $15 and outgoing is $25; International - Incoming is $25 and outgoing is $45
Non-network ATM fee: $2.50
Monthly service charge: $5-$20 depending on the type of account; Fees can be waived
Stop payment fee: $30
Paper statement fee: $3
BankUnited Features
BankUnited's customer service line is available on weekdays from 8 a.m. to 8 p.m. EST and on Saturdays from 9 a.m. to 2 p.m. EST. They also operate an automated phone line 24 hours a day, 7 days a week, for basic account functions. The bank offers fee-free access to more than 55,000 BankUnited and Allpoint ATMs nationwide. It also offers an easy-to-use mobile app that allows customers to manage their accounts and perform basic account functions.
BankUnited FAQs
Our Take
BankUnited offers a full range of accounts, from CDs to savings accounts, for personal and business use. The bank offers competitive APYs on some of its CD accounts and its online money market account. Most non-CD accounts assess a monthly service charge but also offer ways to waive those fees, and most require minimum opening deposits that are relatively low, $100 or less. Most of BankUnited's accounts can be opened online, but as most of its branches are within the Miami area, it may be better suited for residents of Miami.
Methodology
Our editorial staff continually updates the information contained on our website. Our editorial staff has analyzed virtually all of the banks and credit unions that it follows, and it does weekly rate analysis for more than 250 prominent banks and credit unions. These institutions were chosen because they provide competitive APYs, low fees, and other factors we find important. These banks and credit unions often provide accounts that are available nationally. All of these banks are FDIC-insured, and all of these credit unions are NCUA-insured. Choosing an FDIC-insured bank or an NCUA-backed credit union assures that your money is protected as long as it stays within insurance limits and requirements.