Hancock Whitney Bank review: Over 200 branches in 5 states, but low interest rates on savings

Hancock Whitney Bank is a regional bank with over 200 branches in Alabama, Florida, Louisiana, Mississippi, and Texas.

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Overall bank rating

Pros and cons

Hancock Whitney Silver Savings Account

You might want to consider the Hancock Whitney Silver Savings Account if you're able to waive the $3 monthly service fee due to your age. If you're between the ages of 18 and 65, you'll need to keep at least $200 in your account daily or open an eligible Hancock Whitney checking account to avoid the fee.

The Hancock Whitney Silver Savings Account pays a lower interest rate on its savings account than the national average, so it may not be the best option if this is a big priority for you.

Hancock Whitney Access Checking Account

The Hancock Whitney Access Checking Account could be worthwhile if you meet one of the requirements to waive the $10 monthly service fees.

The bank also announced in March that it would be eliminating some overdraft fees by the end of 2022. Customers would no longer be charged certain overdraft protection transfer fees or continuous overdraft fees, and the current $5 overdraft limit would increase.

Hancock Whitney Personal Money Market Account

The Hancock Whitney Personal Money Market Account pays the same interest rate as the Hancock Whitney Silver Savings Account but requires a minimum of $2,500 to get started. You'll also need to maintain this amount to earn interest. 

Consider going through our best money market account guide if you'd prefer to open a money market account with lower minimum balance requirements.

Hancock Whitney Certificate of Deposit

Hancock Whitney may offer more CD terms than competitors. You can choose from terms as short as seven days to as long as seven years. 

If you're searching for a competitive interest rate, other financial institutions will likely offer more suitable options.

How Hancock Whitney Bank works

Hancock Whitney Bank is a brick-and-mortar regional bank with over 200 branches and almost 300 ATMs. Branches are located only in five states in the southern region of the US: 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 bank accounts are federally insured, so you may safely keep up to $250,000 in individual accounts and $500,000 in joint bank accounts. 

Hancock Whitney Bank trustworthiness and BBB rating

Hancock Whitney has been involved in a recent public controversy. 

In 2020, the Securities and Exchange Commission required Hancock Whitney Investment Services to pay disgorgement of over $1.6 million in a settlement that accused the bank of insufficiently notifying customers of a conflict of interest involving mutual funds and money market shares.

We also include ratings from the Better Business Bureau, which assess banks on customer complaints, transparency in business practices, and honest advertising. 

The BBB gave Hancock Whitney an A+ rating. A high BBB rating doesn't guarantee your relationship with a bank will be perfect, though. To see if Hancock Whitney is right for you, reach out to current customers you know or read online customer reviews.

Hancock Whitney Bank vs. Woodforest National Bank

Hancock Whitney Bank and Woodforest National Bank are brick-and-mortar banks available in the same states. Here's how the two compare.

Locations AL, FL, LA, MS, and TX	Locations AL, FL, GA, IL, IN, KY, LA, MD, MS, NY, NC, OH, PA, SC, TX, VA, and WV
Standout feature Variety of CDs	Standout feature Low minimum opening deposits on accounts
Hancock Whitney Access Checking Account	Woodforest National Bank Woodforest Checking Account

Deciding between these two regional banks will likely come down to what you want out of your banking experience. 

Woodforest National Bank accounts have lower minimum opening deposits across the board. You'll also earn a higher interest rate on a Woodforest National Bank savings account or CD than at Hancock Whitney Bank. 

You might prefer Hancock Whitney Bank if you'd like a bank with a strong mobile app. It also might be a better choice if you are searching for a greater variety of CD terms.

Hancock Whitney Bank vs. Regions Bank

See how Fulton Bank stacks up to another regional bank on the East Coast: Regions Bank.

Locations AL, FL, LA, MS, and TX	Locations AL, AK, FL, GA, IL, IN, IA, KY, MO, MS, NC, SC, TN, and TX
Standout feature Variety of CDs	Standout feature Free savings account
Hancock Whitney Access Checking Account	Regions Bank LifeGreen® Checking Account

Regions Bank will likely be your top choice for opening a savings account. The Regions LifeGreen® Savings Account doesn't charge monthly service fees and has a $5 minimum opening deposit if you open the account at a branch. 

If you're planning on opening a checking account, however, Hancock Whitney makes it a bit easier to waive the monthly service fee. You can waive the fee by keeping at least $250 in your account daily, receiving a direct deposit of $250 monthly, or meeting certain age requirements.

Meanwhile, Regions Bank requires you to keep at least $1,500 in your account monthly, make a $500 single direct deposit, or make a $1,000 combined direct deposit. 

Frequently asked questions

What kind of bank is Hancock Whitney?

Hancock Whitney Bank is a regional brick-and-mortar financial institution. The bank has branches in Alabama, Florida, Louisiana, Mississippi, and Texas.

Is Hancock Whitney a good bank?

Hancock Whitney might be worth considering if you prefer traditional banking to online banking. The bank has decent-sized branch and ATM networks. You'll have several ways to waive monthly service fees on checking and savings accounts. 

If you don't think you'll meet the requirement to waive monthly service fees, or you'd prefer to earn a competitive interest rate, other financial institutions may be a better fit.