Top Eco-Friendly Banks: Sustainable Banking Solutions for a Greener Future

Affiliate links for the products on this page are from partners that compensate us and terms apply to offers listed (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate products and services to help you make smart decisions with your money.

Eco-friendly banking institutions use the money that you put in the bank to further environmental causes. These banks and credit unions also commit to meet certain eco-friendly qualifications. An eco-friendly bank with ethical banking practices clearly states its initiatives in its mission statement, policies, and programs.

The best eco-friendly banks have strong bank accounts with low fees in addition to helping the planet. Below, you'll find our top picks for the best eco-friendly banks and banking platforms based on what type of account you'd like to open. You can also compare these options to the best checking accounts and high-yield savings accounts to see how they stack up to the broader banking industry.

What are Eco Banks?

Eco-friendly banks offer eco-friendly financial products and, in some way, support causes working against the climate crisis. Frequently, eco-friendly banks put their money toward green causes while avoiding investing in areas that are bad for the environment, such as fossil fuels. Good eco-friendly banks are transparent about how they help the environment, so you know what you're getting when you put your money in the bank.

Best Eco-Friendly Banks and Credit Unions of 2025

Whether you're interested in opening a specific type of bank account or interested in more local institutions, we've conducted research and determined which eco-friendly banks are top contenders to consider for your banking. 

• Amalgamated Bank: Best for a checking account
• Climate First Bank: Best for LGBTQ customers
• Atmos Financial: Best for a high-yield savings account
• Clean Energy Credit Union: Best credit union
• Spring Bank: Best local bank

Compare the Top Eco-Friendly Financial Institutions

The best environmentally friendly banks and credit unions will have clear and concrete examples of how banking with them helps fight the climate crisis. They will also offer bank accounts with strong rates and perks, alongside easy accessibility. Ideally, the financial institution will also offer many different types of bank accounts, such as money market accounts, checking accounts, savings accounts, and CDs.

Here are the best environmentally friendly banks and credit unions as picked by Business Insider editors in 2025.

Best for a Checking Account

The Amalgamated Bank Give-Back Checking Account is a solid high-yield checking account with zero monthly service fees. It stands out from other checking accounts because Amalgamated Bank matches the equivalent of half the interest you earn on the account and lets you donate that amount to a charity that's partnered with the institution. 

While the Amalgamated Bank Give-Back Checking Account doesn't charge monthly service fees, you'll want to be mindful of the bank account's other fees. The account has a $34 overdraft fee. And if you're looking for a bank that avoids ATM fees, you might want to look elsewhere. If you withdraw money from an out-of-network ATM, Amalgamated Bank will also charge you $2.50 per transaction. 

Your banking experience may also depend on where you live. Amalgamated Bank has branches in New York City and San Francisco, but if you don't live in these cities you'll have to be comfortable with an online-only banking experience.

Green practices/policies: As a Fossil Free certified institution, Amalgamated Bank has pledged not to invest in fossil fuels projects. According to the bank's website, 24% of its lending is solely focused on climate protection and property-assessed clean energy financing. 

Amalgamated Bank is also B Corp certified since 2017, which means that it has met the B Lab's standards for social and environmental performance, transparency, and accountability.

Certification(s): Certified B Corp, GA BV Member, Green America certified, Fossil Free certified

Amalgamated Bank Review

Best for LGBTQ Customers

The Climate First Bank Pride Banking is a good checking account option for people looking for LGBTQ-friendly banks. The account lets you use your chosen name and correct pronouns, and the bank will donate $100 to Bliss CARES, a nonprofit organization that helps improve uninsured and underinsured Floridans' access to medical services, including PrEP, if you set up a recurring direct deposit for at least $750 in the first 90 days of opening the account. It's also interest-bearing, although the interest rate is pretty low at 0.10% APY.

The Climate First Bank Pride Banking has no monthly service fee, but it does charge a $50 minimum opening deposit. You should also be mindful of overdraft fees. It lets you set up overdraft protection by linking a savings account with at least $200, but you'll still be charged a $10 fee if you use it. You might want to go with another pick if you want a bank that avoids overdraft.

If you want to bank in person, keep in mind that Climate First Bank only has branches in Florida. If you don't live in Florida but do want to bank in person, Climate First Bank might not be the right bank for you.

Green practices/policies: Climate First Bank donated over $200,000 to non-profit partners in 2023 through 1% for the planet. It's also financed solar energy systems and reduced solar costs.

Certification(s): Certified B Corp, 1% for the Planet, Fossil Free certified, GA BV member

Best for a High-Yield Savings Account

The Atmos Financial Climate-Positive Savings Account is a great high-yield savings account because it doesn't have minimum balance requirements or monthly maintenance fees. You may also earn a competitive interest rate if you choose to make monthly donations of at least $1 to a non-profit organization that's partnered with Atmos Financial. 

Atmos Financial is an online fintech platform, not a bank. Its banking services are provided by Five Star Bank.

Green practices/policies: As a Fossil Free certified financial institution, Atmos Financial has pledged it will not invest in projects that are harmful to the environment, such as fossil fuel projects or fast fashion companies.

When you open the Atmos Financial Climate-Positive Savings Account, Atmos calculates the carbon impact of your account balance, which you'll be able to see on the platform's mobile app.

Certification(s): 1% for the Planet, Fossil Free certified, B Corp certification

Atmos Financial Review

Best Eco-Friendly Credit Union

While the Clean Energy Credit Union Savings Account pays a low interest rate, Clean Energy Credit Union has a high-yield checking account that might be ideal if you're searching for a solid interest rate. Clean Energy Credit Union also has low minimum opening deposits and doesn't charge monthly service fees. 

Credit unions require you to be a member to open a bank account. To be eligible for membership at Clean Energy Credit Union, you must meet one of the following requirements:

• Be an employee or volunteer at Clean Energy Credit Union, Our Climate, or 350 Colorado
• Join a non-profit organization or association from its list
• Have an immediate family member or household member who meets one of the requirements listed above

To join Clean Energy Credit Union, you have to open up a savings account with at least $5. If you would prefer to only open a checking account, you might consider banking with a different institution.

Your banking experience may also depend on where you live. Clean Energy Credit Union doesn't have any physical branches, but it is still part of the Co-op Shared Branch network. You'll have to use this search tool to see if there are any locations in your area.

Green practices/policies: As a Fossil Free certified financial institution, Clean Energy Credit Union has pledged it will not invest in fossil fuel projects.

Clean Energy Credit Union also offers a variety of loans that can be used for green energy projects. For example, you apply for a clean energy vehicle loan, green home improvement loan, or electric bike loan.

Certification(s): Fossil Free certified, Green America certified

Clean Energy Credit Union Review

Best Eco-Friendly Local Bank

The Spring Bank Savings Account pays a high interest rate as long as you have at least $100 in your account.

Spring Bank also has low minimum opening deposits and monthly service fees. Even though it's a local bank, you'll have free access to Citibank ATMs and MoneyPass ATMs.

Spring Bank has two branches in the New York City area. If you don't live near a branch, you may still open an account online, but you'll still need to live in New York.

Green practices/policies: According to the bank's website, Spring Bank offset over 192,000 kg of carbon dioxide equivalent in 2019.

Spring Bank is also B Corp certified since 2016, which means that it has met the B Lab's standards for social and environmental performance, transparency, and accountability.

Certification(s): Certified B Corp, CDFI

Spring Bank Review

Are These Banks Trustworthy?

We include ratings from the Better Business Bureau to evaluate how financial institutions address customer issues and handle transparency. We include these scores as part of our rating methodology; if a bank does not have a BBB score, that information factors into our calculations. Clean Energy Credit Union hasn't been reviewed by the BBB yet.

Keep in mind that a great BBB rating doesn't necessarily mean you'll have a smooth relationship with a bank. Reach out to current customers or read online customer reviews to get a well-rounded perspective of a bank.

Atmos Financial has a B+ rating from the BBB because of how long it's been open and a few customer complaints filed against the business. Atmos Financial's partner bank, Five Star Bank, has an A- rating because it has not resolved a few customer complaints.

Climate First Bank has an A rating from the BBB because it has only been operating for a short time.

Clean Energy Credit Union does not have a BBB page.

Spring Bank received a B- rating from the BBB because it has not responded to a customer complaint.

Atmos Financial has been involved in one recent controversy. In January 2024, the FDIC put out a cease and desist letter for Atmos Financial. The cease and desist letter claims that Atmos Financial made misleading statements about being FDIC-insured. Atmos Financial is not a bank. Its partner bank, Five Star Bank, is FDIC-insured.

Benefits of Banking with Eco Banks

Eco Banks' Environmental Impact

The biggest benefit of working with an eco-friendly bank is being able to use sustainable banking solutions. Eco-friendly banks can make a real difference in the environment by investing in eco-friendly projects and companies. They can also help lessen the environmental impact of banking. Since banks make money off of the funds you keep in your bank accounts, using an eco-friendly bank means you don't have to worry about what your bank accounts are contributing to.

Eco Banks' Financial Incentives and Perks

Some eco-friendly banks also offer perks to people who bank with them. For example, they might offer solar panel loans at lower rates than other banks. CDFIs might also offer mortgages and general loans at lower rates too, or offer banking services like second chance bank accounts to people who might otherwise not have access to banking due to a negative bank account history.

How to Choose an Eco Bank

Eco Bank Factors to Consider

There are several ways for the top green banks to show how they're eco-friendly. One way is through certifications. Below is an overview of all the certifications and designations mentioned in our guide:

• B Corp Certification: B Lab is a global non-profit network that issues a B Corp Certification to companies that fulfill high standards of social and environmental performance, accountability, and transparency.
• Community development financial institution (CDFI): To become a CDFI, a financial institution must complete a certification process through the US Department of Treasury's Community Development Financial Institutions Fund. One of the primary requirements to become a CDFI is that a financial institution must have banking services and lending opportunities in predominantly low-income and underserved communities. 
• Green America Certification: Green America is a non-profit organization dedicated to environmental justice. The organization certifies businesses that advocate for social change and meet their Green Business Standards. 
• Global Banking on Values (GA BV): GA BV is made up of an international network of mission-driven banks focused on social impact and environmental sustainability. Banks are evaluated to see if they meet certain standards to become a member.
• Fossil Free Certification: To receive a Fossil Free Certification by the volunteer organization Bank. Green, financial institutions must commit to financing zero fossil fuel companies and projects now and in the future.
• Minority depository institution (MDI): An MDI is a financial institution recognized under the FDIC's Minority Depository Institution Program or the NCUA's MDI Preservation Program. To become an MDI, banks or credit unions must be primarily owned or led by Black Americans, Native Americans, Hispanic Americans, or Asian Americans. Financial institutions may also be required to serve these respective groups in their communities.
• 1% for the Planet: Businesses that join 1% of the Planet have pledged 1% of annual gross sales to nonprofit organizations listed on the global network's website.

Comparing Eco Bank Options

If you have a specific cause you'd like to support, make sure to check a bank's certifications and impact statements to see what work, if any, they've put toward that cause. But it's also important to choose an eco-friendly bank that fits your banking needs, too.

The same criteria that you'd apply to standard banks apply here, too. Try to open accounts that offer no monthly service fees or easily-waivable monthly service fees, and look for accounts that offer high interest rates. If possible, consider accounts that help you avoid bank fees by having large ATM networks or not charging overdraft fees, for instance.

Eco-friendly Bank FAQs

Why You Should Trust Us: Experts' Advice on Choosing the Best Bank

To learn more about what makes a good bank or credit union and how to choose the best fit, four experts weighed in:

BI

• Tania Brown, CFP® professional and vice president of coaching strategy at OfColor
• Roger Ma, CFP® professional and author of "Work Your Money, Not Your Life"
• Sophia Acevedo, banking editor, Business Insider
• Mykail James, MBA, certified financial education instructor, BoujieBudgets.com

To see if a bank is environmentally friendly, look at the bank's mission statement and policies. Several banks will specify that they do not lend to companies or projects involving fossil fuels. Also check whether a bank has any green certifications.

Beyond that, choose the best bank using the following criteria:

Fees. Many banks charge monthly bank maintenance fees on their accounts, but they can typically be waived. Make sure you know of any fees, and whether you can qualify to waive them by keeping a minimum balance in your account or by other criteria.

Customer service. Especially for an online-only bank, you should know how to contact customer service and when they're available.

Safety and accessibility. The bank should be insured by the FDIC (or the NCUA for credit unions). You should feel confident in its security measures online, while still comfortable with how easy it is to access and transfer your money. 

Priorities. If you want to earn money on your savings, for example, you'll need a high-yield savings account. Your priorities will likely change over time, so you want a bank you can stick with through changes in circumstance, income, or goals.

Methodology: How Did We Choose the Best Eco-Friendly Banks?

At Business Insider, our goal is to create useful content that helps you make good decisions about your money. We recognize every person has distinct preferences, so we provide ample options to help you find the most suitable financial product or account.

We research extensively to make sure you know the standout features and limitations of a financial institution.

First, we researched to find financial institutions with green initiatives and green certifications. We looked at each bank's mission statement, policies, and culture to see how the bank tackled sustainability and climate change. We also assessed the requirements that needed to be met to receive green certifications and designations.

Then, we reviewed each institution to find the most well-rounded banking options. We compared minimum opening deposits, monthly services, and interest rates (for savings accounts). We also took into consideration if a bank product had special features — like environmental impact scores or donation opportunities.

For our list, we chose institutions that had clearly outlined green initiatives and strong bank accounts with minimal bank fees. Most of our top picks are also available throughout the U.S.

See our bank account methodology to learn more about how we rate bank accounts.

Kit Pulliam

Banking reporter

Kit Pulliam (they/them) is a banking expert who specializes in certificates of deposit, savings accounts, and checking accounts. They’ve been reporting, editing, and fact-checking personal finance stories for more than four years. ExperienceIn college, Kit worked as an undergraduate research assistant in a psychology lab. While there, they found that they were passionate about writing and helping others write about topics that matter.Before Business Insider, Kit was an editorial specialist for Tax Analysts, diving into the tax code to help readers get the best information about a confusing but necessary subject.They find banking similar to taxes in that way: There are some things everyone needs to know because just about everyone needs to work with a bank — and you don’t want to end up with an account that doesn’t serve your needs.As interest rates change, they enjoy the fast pace of reviewing rates for products like CDs and high-yield savings, which can change daily and have a direct impact on readers’ money.Their work has been featured in Business Insider and MSN. They were part of the My Financial Life series with Business Insider.ExpertiseTheir expertise includes:

• Certificates of deposit
• Savings accounts
• Checking accounts
• CD rates
• Bank reviews

EducationKit is an alumnus of Vanderbilt University, where they studied English and psychology and received the Jum C. Nunnally Honors Research Award for their senior thesis.Outside personal finance, Kit enjoys reading, film, video games, and cross stitching. They are based in the DC area.

Read more Read less

Evelyn He

Compliance and Operations Associate

Evelyn He is a compliance and operations associate for Business Insider’s Personal Finance team. Evelyn ensures content accuracy and editorial independence so readers get the most up-to-date and objective financial advice, enabling them to make informed financial decisions.ExperienceAs part of the compliance team, Evelyn helps fact check Personal Finance stories and works to make sure that the language is clear, precise, and compliant with government regulations and partner guidelines. Previously, Evelyn worked as a compliance specialist for Apellis Pharmaceuticals and a legal assistant at the law firm Morrison Mahoney.ExpertiseEvelyn is an expert in the following areas:

• Compliance
• Quality assurance
• Affiliate marketing
• Search engine optimization (SEO)
• Content strategy

EducationEvelyn earned a bachelor’s degree in business administration from UMass Amherst and a master’s in marketing from Boston University.Evelyn has two dogs, Money and Tibber.

Read more Read less