Top Banks in US
The top banks in the US offer a broad range of financial services, including deposit accounts, credit cards and mortgages. They also provide a variety of perks to their customers.
Unlike neobanks, these banks are large enough to protect your assets and offer in-person services at branches nationwide. However, several smaller banks and credit unions are also worth considering.
JPMorgan Chase is one of the top banks in the US and the world. It offers a range of services to consumers, businesses and governments.
The bank has a long history and is built on the foundations of numerous predecessor institutions that have played major roles in economic development throughout the globe. Some of these institutions include the Bank of the Manhattan Company, Chemical Bank and Manufacturers Hanover.
As a result of this long history, JPMorgan Chase offers its clients a wide range of services. It is also known for its commitment to social responsibility.
JPMorgan Chase is a global financial services firm operating in over 60 countries. It serves millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients.
Bank of America
The second-largest bank in the US, Bank of America offers various financial services, including checking and savings accounts, loans, credit cards, investing services and more. It also has thousands of retail locations and ATMs throughout the country.
A strong online experience and a robust mobile app make managing your money with Bank of America easy. Its mobile apps allow you to deposit checks, set up alerts, send money and check your account balance.
If you’re looking for a traditional bank with low minimums, you can open a basic checking or savings account at Bank of America for less than $100. Its Preferred Rewards program offers higher rates and lending discounts for customers with a larger relationship with the bank.
PNC Bank offers specialised customer perks and original products that set it apart. For example, it piloted credit cards with card verification values that refresh periodically to help combat fraud.
One of the top banks in the US, PNC has a strong network of branches and ATMs. It also has above-average digital banking features.
For example, a Virtual Wallet tool lets you view upcoming bill payments and save money for emergencies or other savings goals. It also has tools to schedule bill reminders and track your account balance.
It also offers a high-yield savings account with no minimum balance requirements and competitive APYs. However, its fixed-rate CDs have lower yields than our recommended online banks.
Wells Fargo is one of the top banks in the US. It offers various financial services, including mortgages, auto loans, savings and checking accounts and online banking.
Its Wealth and Investment Management segment provides individualised wealth management, investment, and retirement products and services to high-net-worth customers across the United States. It also provides brokerage and financial planning services.
In addition, Wells Fargo’s Wholesale Banking provides financial products and services to large corporations and other institutions. This includes asset-backed securities and equipment financing.
These services help companies finance and manage assets, such as commercial real estate projects and surface mining equipment. The company also provides treasury management, equity, and fixed-income solutions.
It has been accused of violating several Consumer Financial Protection Act violations. These include faulty student loan servicing, mortgage kickbacks, fake accounts, and harmful auto lending practices.