- Overall Bank Rating
- Pros and Cons
- About Hancock Whitney Bank
- FAQs
- Hancock Whitney Bank Account Reviews
- How Hancock Whitney Bank Compares
- Why You Should Trust Us
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Compare Hancock Whitney Bank AccountsHancock Whitney Freestyle Savings Account
The bottom line: Hancock Whitney Bank is a decent option if you live in Alabama, Florida, Louisiana, Mississippi, or Texas, and prefer a sizable branch network to online banking. It makes it easy to waive monthly fees, and it pays good savings rates compared to many regional banks. You'd still earn much better interest rates with online high-yield savings accounts, though.
Hancock Whitney Bank Review: Overall Rating
| Feature | Insider rating (out of 5) |
| Savings | 4.25 |
| Checking | 3.5 |
| Money market account | 2.75 |
| CD | 3.5 |
| Trustworthiness | 5 |
| Total | 3.75 |
Hancock Whitney Bank Pros and Cons
| Pros | Cons |
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About Hancock Whitney Bank
Hancock Whitney Bank is a brick-and-mortar regional bank with around 200 branches and 300 free ATMs. Branches are located only in five states in the southern region of the U.S.: Alabama, Florida, Louisiana, Mississippi, and Texas.
Customer service is available by phone from 7 a.m. to 7 p.m. CT on weekdays and 8 a.m. to 2 p.m. CT on Saturdays.
The regional bank's mobile app received 4.7 out of 5 stars in the Google Play store and 4.8 out of 5 stars in the Apple store.
Hancock Whitney is a Member FDIC bank, so you may safely keep up to $250,000 in individual accounts and $500,000 in joint bank accounts.
Is Hancock Whitney Bank Trustworthy?
The Better Business Bureau gives Hancock Whitney an A+ rating. A high BBB grade indicates that a company responds well to customer complaints, is transparent about business practices, and advertises honestly.
The bank has not been involved in any recent public controversies.
Hancock Whitney Bank FAQs
Is Hancock Whitney Bank a good bank? Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.Hancock Whitney Bank is a good bank if you live in Alabama, Florida, Louisiana, Mississippi, or Texas, and want to use an in-person regional bank. It isn't the best choice if you're looking to avoid overdraft fees.
How stable is Hancock Whitney Bank? Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.Overall, Hancock Whitney Bank is very stable. Financial rating agency BauerFinancial gives the bank 5 out of 5 stars.
Is Hancock Whitney Bank secure? Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.Yes, Hancock Whitney is a secure bank. Your deposits are FDIC-insured for up to $250,000 in an individual account or $500,000 in a joint account. This means that even if Hancock Whitney Bank shuts down, your insured money is safe.
Who owns Hancock Whitney Bank? Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.Hancock Whitney Corporation is a financial services company and the parent company of Hancock Whitney Bank.
Hancock Whitney Bank Account Reviews
Hancock Whitney Freestlye Savings Account
Hancock Whitney Freestyle Savings Account Start saving On Hancock Whitney Bank's website Insider’s Rating A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Fees$5 monthly service fee
Annual Percentage Yield (APY)0.05% to 3.00%
Minimum Opening Deposit$25
Pros- Check mark icon A check mark. It indicates a confirmation of your intended interaction. $25 minimum opening deposit
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Easy to waive the monthly service fee
- con icon Two crossed lines that form an 'X'. $5 monthly service fee
- con icon Two crossed lines that form an 'X'. Only 3 free withdrawal per month, then $3 per additional withdrawal
The Hancock Whitney Freestyle Savings Account is a good choice if you qualify to waive the monthly fee, and if you keep under $100,000 in your account to earn high interest rates. If you want to make more than three withdrawals per month, you’ll probably prefer a different savings account.
Hancock Whitney Freestyle Savings Account Product Details- Over 200 branches and almost 300 ATMs in AL, FL, LA, MS, and TX
- Tiered interest rate system: Earn 2.50% APY on balances between $0 and $9,999.99; 2.75% APY on balances between $10,000 and $24,999.99; 3.00% APY on balances between $25,000 and $100,000; 0.05% APY on balances over $100,000
- Interest compounded daily and paid monthly
- To waive the $5 monthly service fee, complete one of the following each month: Maintain a minimum daily balance of $250, make one qualifying transaction, or be under age 18 or age 64+ as the primary account owner
- Member FDIC
The Hancock Whitney Freestyle Savings Account pays a good interest rate on balances up to $100,000 and makes it easy to waive the $5 monthly service fee. The main downside is that you can only make three free withdrawals per month — most banks allow at least six monthly withdrawals from savings accounts.
Hancock Whitney Freestyle Checking Account
Hancock Whitney Freestyle Checking Account Start saving On Hancock Whitney Bank's website Insider’s Rating A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Fees$10 monthly service fee
Annual Percentage Yield (APY)N/A
Minimum Opening Deposit$25
Pros- Check mark icon A check mark. It indicates a confirmation of your intended interaction. $25 minimum opening deposit
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Easy to waive the monthly service fee
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. No fee if you withdraw by $5 or less, or by $10 or less by EOD
- con icon Two crossed lines that form an 'X'. $10 monthly service fee
- con icon Two crossed lines that form an 'X'. $36 overdraft/non-sufficient funds fee
- con icon Two crossed lines that form an 'X'. $10 account transfer overdraft protection fee
- con icon Two crossed lines that form an 'X'. $2 out-of-network ATM fee
The Hancock Whitney Freestyle Checking Account is a good option if you want a simple checking account. It has a low minimum deposit and makes it easy to waive the monthly fee. But keep an eye out for other fees, including overdraft/overdraft protection fees and out-of-network ATM charges.
Hancock Whitney Freestyle Checking Account Product Details- Over 200 branches and almost 300 ATMs in AL, FL, LA, MS, and TX
- Waive the $10 monthly service fee by doing one of the following: Making one eligible transaction each month, making one automated deposit or payment each month, or being under age 18 or age 64+ as the primary account owner
- Set up overdraft protection by linking your savings account to your checking account; money will automatically transfer from savings to cover the overdraft, and you’ll pay a $10 fee
- Sign up for Visa® Purchase Alerts to receive a notification when your card makes a purchase over a certain amount
- Hancock Whitney charges a $2 fee when you use an out-of-network ATM; the ATM issuer may charge an additional fee
- Member FDIC
The Hancock Whitney Freestyle Checking Account makes it easy to waive the $10 monthly service fee, but keep an eye out for other fees.
You'll pay a $2 fee if you use an out-of-network ATM, plus any additional fee the ATM issuer charges. You can link this account to your savings account so money automatically transfers to cover any overdrafts, but you'll still pay a $10 fee each time you tap into this overdraft protection.
Hancock Whitney Personal Money Market Account
Hancock Whitney Personal Money Market Account Read Review Insider’s Rating A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Fees$10 monthly service fee
Annual Percentage Yield (APY)0.00% to 0.05%
Minimum Opening Deposit$2,500
Pros- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Possible to waive monthly service fee
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Check writing included
- con icon Two crossed lines that form an 'X'. Low interest rate
- con icon Two crossed lines that form an 'X'. Must have at least $2,500 to earn interest
- con icon Two crossed lines that form an 'X'. $2,500 minimum opening deposit
- con icon Two crossed lines that form an 'X'. $10 monthly service fee
- con icon Two crossed lines that form an 'X'. No debit card
- Over 200 branches and almost 300 ATMs in AL, FL, LA, MS, and TX
- Earn 0.05% APY if you maintain $2,500 in your account daily
- Interest compounded and deposited monthly
- Member FDIC
The Hancock Whitney Personal Money Market Account is probably the bank's weakest product. It has a high minimum opening deposit and pays very low interest rates.
Hancock Whitney CD
Hancock Whitney CD Read Review Insider’s Rating A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Annual Percentage Yield (APY)0.01% to 5.13%
Minimum Opening Deposit$1,000
Pros- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Variety of terms
- Check mark icon A check mark. It indicates a confirmation of your intended interaction. Standard CD penalties
- con icon Two crossed lines that form an 'X'. $1,000 minimum opening deposit
- Over 200 branches and almost 300 ATMs in AL, FL, LA, MS, and TX
- Terms range from 7 days to 7 years
- Early withdrawal penalties vary depending on term and amount deposited; Contact your nearest branch to learn more information
- Interest compounded daily and deposited monthly
- Member FDIC
Hancock Whitney offers more CD terms than most banks. You can choose from terms as long as seven years, while many institutions only offer terms up to five years. Hancock Whitney pays high rates on a few select terms, but otherwise, you'll find the best CD rates elsewhere.
How Hancock Whitney Bank Compares
Hancock Whitney Bank vs. Woodforest National Bank
Woodforest National Bank is available in the same states as Hancock Whitney, as well as Georgia, Illinois, Indiana, Kentucky, Maryland, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Virginia, and West Virginia. So if you're looking for a larger branch network throughout the country, Woodforest will be the better option.
Woodforest National Bank will be better for a money market account, because it pays a higher rate and has a much lower minimum deposit. The best CD rate between the two banks will vary by term length, but keep in mind that Hancock Whitney has terms up to seven years while Woodforest's longest term is five years.
Woodforest National Bank Review
Hancock Whitney Bank vs. Regions Bank
Regions Bank has branches in the all of the same states as Hancock Whitney except for Louisiana. Regions also has locations in Arkansas, Florida, Illinois, Indiana, Iowa, Kentucky, Missouri, North Carolina, South Carolina, and Tennessee.
Regions offers a free savings account, but it pays a much lower rate than the Hancock Whitney Freestyle Savings Account.
You might like Regions if you're looking for a bank with 24/7 customer support.
Why You Should Trust Us: How We Reviewed Hancock Whitney Bank
We used the Personal Finance Insider bank account methodology to review Hancock Whitney's savings, checking, and money market accounts. We used our certificate of deposit methodology to reviews its CDs.
For each account, we evaluate the minimum opening deposit and the company's ethics, mobile app, and customer service. Other factors considered depend on the type of account we're reviewing. For example, we look at overdraft fees for checking accounts and early withdrawal penalties for CDs.
We assign each category a rating between 0 and 5, then average the scores together to calculate the bank account's overall rating.
Laura Grace Tarpley, CEPF Personal Finance Reviews Editor Laura Grace Tarpley (she/her) is an expert in mortgage rates, refinance rates, lenders, bank accounts, and borrowing and savings tips for Personal Finance Insider. She worked on Business Insider's "The Road to Home" series, which won a Silver award from the National Associate of Real Estate Editors.She has written about personal finance for over seven years. Before joining the Business Insider team, she was a freelance finance writer for companies like SoFi and The Penny Hoarder, as well as an editor at FluentU. Read more Read less 
Evelyn He Compliance and Operations Associate Evelyn He is a Compliance and Operations Associate on the Personal Finance team to ensure content accuracy and editorial independence so readers get up-to-date and objective financial advice.The compliance team's mission is to provide readers with fact-checked and current stories so they can make informed financial decisions. The team also works to minimize risk for partners by ensuring language is clear, precise, and fully compliant with regulatory and partner marketing guidelines that align with the editorial team. Read more Read less 
Sophia Acevedo Banking Editor Sophia Acevedo is a banking editor at Business Insider. She has spent three years as a personal finance journalist and is an expert across numerous banking topics.ExperienceSophia leads Personal Finance Insider's banking coverage, including reviews, guides, reference articles, and news. She edits and updates articles about banks, checking and savings accounts, CD rates, and budgeting and saving. She is highly knowledgeable about long-term trends in rates and offers at banks across the U.S.Before joining Business Insider, Sophia worked as a journalist at her college newspaper and was a freelance writer. She has spent seven years writing and editing as a journalist.Sophia was nominated for an Axel Springer Award for Change in 2023 for her coverage of ABLE accounts, tax-free savings accounts for people with disabilities. She was also a winner of a 2018 California Journalism Awards Campus Contest for her photography.She loves helping people find the best solutions for their unique needs and hopes that more people will find the tools to solve their financial problems. She’s inspired by stories of everyday people adapting to their financial circumstances and overcoming their fears around money.ExpertiseSophia's expertise includes:- Bank accounts
- Savings and CD rate trends
- Budgeting
- Saving
- How banks operate
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