---
title: Best Banks for Investing for 2027
description: Our picks for the 2027 best banks for investing include top choices for new investors, robo-advisors, low fees and more.
authors:
  - name: Jordan Chussler
    role: Editor, Investing and Banking
    url: https://money.com/author/jordan-chussler/
    bio: Jordan is an investment editor who specializes in topics ranging from traditional equities, retirement savings and income investing to alternative assets and commodities, specifically focusing on gold and other precious metals. He combines his personal interests and professional experience in finance and education to help readers increase their financial literacy and make better investment choices. Jordan is a Certified Personal Finance Counselor.
    education: Lynn University
    certifications: Certified Personal Finance Counselor
    at_money_since: 2023
    articles: 133
    covers:
      - Banking
      - Credit
      - Credit Cards
      - Economy and Politics
      - Housing
      - Identity Theft
      - Insurance
      - Investing
      - Loans
      - Mortgages
      - Personal Finance
      - Professional Services
      - Retirement
    also_seen_in:
      - Weiss Ratings
      - 24/7 Wall Street
      - Better Investing
      - Yahoo Finance
      - Nasdaq
      - Investing.com
      - Marketbeat
      - MSN Money
    social:
      - https://www.linkedin.com/in/jordan-chussler-b3597811/
editors:
  - name: Julia Glum
    role: Managing Editor
    url: https://money.com/author/julia-glum/
    bio: Julia Glum joined Money in 2018 and specializes in covering financial trends that affect everyday Americans' wallets. She also writes Dollar Scholar, a weekly newsletter that teaches young adults how to navigate the messy world of money.
    education: University of Florida
    at_money_since: 2018
    articles: 454
    covers:
      - Banking
      - Business
      - Career Advice
      - Credit
      - Credit Cards
      - Debt
      - Economy and Politics
      - Education
      - Health and Wellness
      - Housing
      - Identity Theft
      - Insurance
      - Investing
      - Lifestyle
      - Loans
      - Mortgages
      - Personal Finance
      - Professional Services
      - Retirement
      - Shopping
      - Taxes
      - Technology
    also_seen_in:
      - Newsweek
      - International Business Times
      - CBS News
      - Good Morning America
      - WUSA9
      - Pix 11
      - The New York Times
      - Mashable
      - The Washington Post
      - CNBC
      - Politico
    social:
      - https://x.com/superjulia
      - https://www.linkedin.com/in/julia-glum
published: '2026-10-14T14:08:23.000Z'
modified: '2026-10-14T18:09:04.000Z'
section: Banking
tags:
  - best banks
word_count: 980
canonical: https://money.com/best-banks-for-digital-investing/
type: Article
source: structured-blocks
---

> **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/).

![Best Banks for Investing for 2027](https://img.money.com/2024/10/Best-Banks-2024-Digital-Investing-mbci_ett04__ajw54y.png?w=1012&h=569&crop=1)

## Our Partners

### TOP PARTNER

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**Easy and automated investing, starting at $3 a month**

-   Online banking that automatically saves and invests with no hidden fees
    
-   Earn bonus investments from thousands of top brands
    
-   Expert-led, bite-sized courses to increase your financial knowledge

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Our Partner

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**Banking, Investing & Advice All In One App**

-   Get a $25 bonus when you invest your first $5
    
-   Invest in stocks and ETFs with no add-on commission fees\*
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*\*Ancillary fees charged by Stash and/or its custodian are not included in the subscription fee.*

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**Invest your way with a Vanguard brokerage account**

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## Key Takeaways

- SoFi ranks as the best overall bank for investing in Money's rankings for 2027. The online bank's investing platform ranked first in the JD Power U.S. Investor Satisfaction Study (DIY) and holds the highest Trustpilot score of all the banks surveyed. SoFi stands out for its zero-fee automated investing, fractional shares starting at $5 and a rare matching contribution on IRAs.
- Other winners target specific investor priorities. Charles Schwab is recognized for its investor education, crypto access and broad range of ETFs, PNC for its unrestricted fractional share dollar amounts, Merrill Edge for Bank of America/Merrill Lynch research integration and Wells Fargo for its low-cost robo-advising (0.35% annual fee).
- Money's evaluation process for best banks for investing prioritizes low-to-no fees, investing services provided, rankings in J.D. Power's DIY Investing Study, Trustpilot ratings, fractional share availability, asset coverage and educational resources.

Banks traditionally offer a variety of products that often include savings accounts, checking accounts, CDs and loans. Today, it's increasingly common for these financial institutions to also offer investing platforms and — in some cases — investing apps. In doing so, they provide customers with the opportunity to centralize their finances in one place with access to a familiar interface.

But like any banking product, there are pros and cons to each investing platform. For example, not all of them offer fractional shares or access to crypto. Some offer free investing advice, excel at investor education or are an especially good fit for new investors. Money used those criteria (and more) to compare the investment services provided by some of America's top banks to determine the clear-cut winners for a handful of categories. Here are the best banks for investing for 2027:

-   [**SoFi**](#sofi)**:** Best Overall
-   **[Charles Schwab](#schwab):** Best for Investor Education
-   **[PNC](#pnc):** Best for Fractional Shares
-   **[Merrill Edge from Bank of America](#edge):** Best for Investment Advice
-   **[Wells Fargo](#wells):** Best Robo-Advisor Option

*\*Figures are subject to change. All information is current as of Oct. 9, 2026.*

## Invest as little or as much as you want with a SoFi® portfolio

### Invest in stocks, options, and ETFs at your pace and commission-free. Click on your state to get started.

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## Best Overall: SoFi®

![](https://s3.consumersadvocate.org/prd/image/image/20107/large_fab74697-be3e-49a4-8040-ea434cb0e5c3.png)

[Start Investing](https://money.com/pr/mcc378da9040?ap_referrer=%2Fbest-banks-for-digital-investing%2F&url=)

[SoFi](https://money.com/pr/m1698080e3ef?data-trk-company=sofi-wealth-online-stock-broker-review&data-trk-imp=true&data-trk-pcu-type=direct_link&data-trk-pcu-uuid=m1698080e3ef&encoded_id=) ranks as the best overall bank for investing for 2027. Money recognized SoFi for its strong customer satisfaction rankings, availability of fractional shares starting at $5, more than 4,000 stocks and exchange-traded funds (ETFs), the highest Trustpilot score among the platforms we vetted and its outstanding robo-advisor option.

SoFi received the highest score in this year's JD Power U.S. Investor Satisfaction Study ranking first among 14 DIY investing platforms. The bank has a 4.3-star rating out of 5 on Trustpilot. SoFi's robo-advisor — called SoFi Automated Investing — has no management fees, free access to certified financial planners and doesn’t have a minimum investment requirement.

If you are using the bank’s investing platform for your retirement account, SoFi provides a 1% individual retirement account (IRA) match, and a match of up to 2% for SoFi Plus members, which is a rarity in the industry.

**Pros**
- Top-rated investing platform in J.D. Power U.S. Investor Satisfaction Study (DIY)
- Fractional shares starting at $5
- Robo-advisor access without management or advisory fees
- 1% IRA match (2% for SoFi Plus members)

**Cons**
- Charting and advanced research tools are lacking
- No tax-loss harvesting for SoFi Automated Investing robo-advisor

## Best for Investor Education: Charles Schwab

![](https://s3.consumersadvocate.org/prd/image/image/7985/large_151f8bd3-2751-4955-8aca-65958ad51905.png)

[Start Investing](https://money.com/pr/s6abbb9d20cb?ap_referrer=%2Fbest-banks-for-digital-investing%2F&url=)

[Charles Schwab](https://money.com/pr/nb48fc0bd567?data-trk-company=charles-schwab-online-stock-brokerage-review&data-trk-imp=true&data-trk-pcu-type=direct_link&data-trk-pcu-uuid=nb48fc0bd567&encoded_id=) doesn't charge investors to work with one of its financial consultants, and every member can receive a personalized, complimentary financial plan. Additionally, the bank's platform provides access to comprehensive, structured educational courses, real-time coaching and platform walkthroughs. Schwab also offers no-cost tailored product recommendations and direct access to its specialists via phone, chat, video or in-person at any of the bank branch locations, which number more than 400 in the U.S.

Its platform walkthroughs are particularly useful after Schwab acquired TD Ameritrade in 2020 and, with it, its very popular advanced trading platform thinkorswim. Schwab also offers access to approximately 4,000 ETFs — the most among the bank’s investing platforms Money surveyed — including 33 proprietary ETFs.

Fractional shares are available from $1, and the bank’s robo-advisor option — Schwab Intelligent Portfolios — is well-regarded among the investment community. Schwab Crypto launched in May 2026, providing users with access to bitcoin and ethereum spot ETFs, with plans to expand access to coins and tokens including Solana, Avalanche and Chainlink. However, the platform charges 0.75% on the dollar value of each crypto trade.

**Pros**
- Extensive educational materials and instructional courses
- Around 4,000 ETFs, as well as access to crypto
- Schwab Intelligent Portfolios robo-advisor option

**Cons**
- Fees for all crypto transactions
- Comparatively lower Trustpilot rating

## Best for Fractional Shares: PNC

![](https://s3.consumersadvocate.org/prd/image/image/40735/large_c239ac7b-6885-462f-91f6-e707da765ac5.webp)

[View Rates](https://money.com/pr/x20d6690ce42?ap_referrer=%2Fbest-banks-for-digital-investing%2F)

While many banks' investing platforms place a minimum dollar figure on their fractional share requirements, [PNC](https://money.com/pr/g6ea27072375?data-trk-company=pnc-online-stock-brokers&data-trk-imp=true&data-trk-pcu-type=direct_link&data-trk-pcu-uuid=g6ea27072375&encoded_id=) offers fractional quantities or any dollar amount through its wealth management division. That is particularly helpful for young or new investors who are just getting started and want access to higher-cost stocks and ETFs.

PNC only provides access to 500 ETFs. It doesn't allow crypto trading or have a robo-advisor option. But its platform allows you to combine your investing and banking in one central location.

**Pros**
- Fractional shares without dollar-amount price constraints
- Centralized banking and investment accounts
- Digital onboarding with brick-and-mortar branch options

**Cons**
- Limited number of ETFs available
- No crypto
- No robo-advisor

## Best for Investment Advice: Merrill Edge from Bank of America

![](https://s3.consumersadvocate.org/prd/image/image/7968/large_597ce5cd-4c75-422c-8718-422b5246553b.webp)

[Start Investing](https://money.com/pr/h3b1c2a0f6c2?ap_referrer=%2Fbest-banks-for-digital-investing%2F&url=)

[Merrill Edge](https://money.com/pr/f2b49364464f?data-trk-company=merrill-edge-online-stock-brokerage-review&data-trk-imp=true&data-trk-pcu-type=direct_link&data-trk-pcu-uuid=f2b49364464f&encoded_id=), the brokerage platform owned by Bank of America, is Money’s choice for the best bank for investment advice. The bank’s platform integrates Bank of America and Merrill Lynch research while allowing for hybrid advisor choices and access to an expansive body of equity research portfolios.

The bank’s investing platform does not provide access to crypto, nor does it offer fractional shares. But it does have the Merrill Guided Investing robo-advisor option, which charges a fee of 0.45% (or 0.85% with access to an advisor).

**Pros**
- Access to Bank of America and Merrill Lynch equity research and advisors
- Around 2,800 ETFS
- Merrill Guided Investing robo-advisor option

**Cons**
- No fractional shares
- No crypto
- Comparatively lower Trustpilot rating

## Best Robo-Advisor Option: Wells Fargo

![](https://s3.consumersadvocate.org/prd/image/image/25446/large_4cc50199-8700-4cb0-a0bc-b52f0b1003ea.png)

[Start Investing](https://money.com/pr/bc7e6fc4f115?ap_referrer=%2Fbest-banks-for-digital-investing%2F&url=)

Apart from [Wells Fargo's](https://money.com/pr/r6f290081be4?data-trk-company=wells-fargo-wellstrade-online-stock-broker-rview&data-trk-imp=true&data-trk-pcu-type=direct_link&data-trk-pcu-uuid=r6f290081be4&encoded_id=) WellsTrade investing platform, its Intuitive Investor is a popular option. The robo-advisor has a low $500 minimum investment requirement and only charges an annual advisory fee of 0.35%. On a $10,000 portfolio, that comes out to just $35 per year.

Meanwhile, the bank's WellsTrade platform easily integrates with Wells Fargo's banking dashboard and includes access to financial advisors. With 70 million people already using Wells Fargo for their banking needs, WellsTrade offers a way to centralize banking and investing in one place through the financial institution's digital presence.

The platform offers fractional shares from $10, but it doesn’t offer access to crypto and ranked last in JD Power's U.S. Investor Satisfaction Study (DIY). However, its easy-to-use app and desktop platforms are simple for newcomers, and its offerings for fixed-income instruments (e.g., Treasurys, municipal and CDs) and mutual funds (10,000 in total) provide experienced investors with a large sampling of asset classes.

**Pros**
- Low minimum deposit requirement for Intuitive Investor robo-advisor
- Low fees for Intuitive Investor robo-advisor
- Diverse range of asset classes available

**Cons**
- Ranked last in JD Power’s U.S. Investor Satisfaction Study (DIY)
- No crypto
- Comparatively lower Trustpilot rating

## FAQs

### What are the benefits of keeping my bank account and investment platform with the same institution?

Combining your everyday banking accounts with your brokerage or investment accounts offers several distinct advantages, including instant transfers, a centralized and unified personal finance overview and oftentimes perks and rewards such as fee waivers, lower loan rates, higher savings yields and free financial advice.

### Is the money in invest through a bank's investing platform also protected by FDIC insurance?

No, FDIC coverage applies to depository accounts like checking, savings and CDs. However, it does not apply to investment accounts or the assets (e.g., stocks, ETFs, mutual funds, bonds) held in them.

### Do bank-backed investment platforms charge higher fees than standalone brokerage platforms?

No, but you should look out for potential hidden costs. Most investing platforms don't charge commissions for stock or ETF trades, but some do for trading option contracts. Bank-affiliated investing platforms may charge higher contract fees or margin interest rates compared to active-trader platforms.

## How we chose the best banks for investing for 2027

To identify the best banks for investing for 2027, Money researched the top traditional and online banks providing investing platforms. We analyzed rankings in the JD Power 2026 U.S. Investor Satisfaction Study, Trustpilot scores and whether each platform provided access to robo-advisor options, fractional shares and crypto.

We also vetted each bank’s investing platform for the number of ETFs it offers, required account minimums, advisory fees and the minimum investment requirement for fractional shares. We also reviewed each platform for educational and instructional resources.

AI was not used in the sourcing of Best Banks data, the analysis of that data or the content subsequently produced by Money's editorial team. You can read our [full methodology here](https://money.com/best-banks/methodology/).

## Invest and trade in real time with SoFi®

### SoFi® allows you to invest commission-free in individual companies or bundles of investments (ETFs). Click below to start investing today!

[Start Investing](https://money.com/pr/a9e682b26a90?ap_referrer=%2Fbest-banks-for-digital-investing%2F)

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