What is the Best Bank in America?

Choosing the right bank is something that you must consider carefully. You want to ensure that you are getting the best interest rates, and that your money is safe. There are many good, reputable banks in America, but when considering what bank is the best bank in America, there are a few things to look for. Outlined below is a quick guide to the best banks in America.

Bank of America Corp

In terms of assets, Bank of America is the largest bank in the US with $2,276.418 in assets, and in terms of revenue they are the sixth largest bank in America. In the world, Bank of America corp. is the third largest company, with branches in over 150 countries. Access to bank accounts with Bank of America is very easy, as they have nearly 20,000 ATM machines and nearly 6,000 banking centers.

They also have great savings options including their ‘Keep the Change’ program which rounds up any purchases you make on your visa card to the nearest dollar amount. This money is then transferred into a savings account for you, and they will even add the matching funds to your account during the first three months after you enrol on the program, and they will match up to $250. Bank of America Corp also has great, easy to use online banking services. However there are a few negatives with this bank, such as the time that it takes to be approved for a mortgage, and the fees which customers are charged that aren’t always clear.

Wells Fargo & Company

Wells Fargo & Company is the fourth largest bank in America by assets, and the largest bank by market capitalization. Wells Fargo has more than 6,000 branches, and over 60 million customers. The bank provides easy access to money as they have over 12,000 ATM machines. They have no fees for their checking accounts and their customer service is both friendly and helpful. They will also automatically transfer your money to your savings account if you wish. However, they do charge relatively high fees, especially overdraft fees.

Citigroup (Citibank)

Citigroup Inc. has branches in over 100 countries and over 15,000 offices across the globe. It is the third largest bank in America by assets. Citibank offers reliable customer services and accessible online banking. Additionally, they have over 5,000 ATM machines across the country, making accessing your money much easier. The bank also makes it easier to transfer funds to or from any other bank account you may have, free of charge. They also do not charge fees on checking accounts or ATM machines.

How to Choose the Best Bank

Once you have considered the options, you should think about what it is you want from your banking experience. You should choose a bank which is convenient, that doesn’t have many fees or charges, a bank which has free online banking, a bank which has good customer services, and a bank which gives you the best rate of interest.