Top 10 US national banks
United States has more banks than any other country, with more than 5,000 institutions guaranteed by the FDIC.
Local banks and credit unions have their own advantages, but most Americans choose to operate a nationwide bank for convenience, comprehensive customer service, and peace of mind.
However, with so many options available, it can be difficult to know which bank is best for you.
Top 10 national banks in America
Chase Bank
Chase Bank is one of the largest banks in the United States, and one of our top local banks. You will have access to over 4,700 branches, 16,000 ATMs and a popular mobile app that makes it easy to skip both.
Like most national banks, their interest rates are not great, but the breadth of their products makes it easy to do banking in one place.
Plus, when it comes to banking rewards and benefits, no one can match Chase Bank.
They regularly offer nationwide sign-up bonuses to new bank customers.
Chase is also known for its credit card sign-up bonuses and a wide range of credit card products to choose from.
Discover the bank
Despite what you might think, Discover Bank isn't just a credit card company.
Discover operates as an online bank and offers a number of personal banking products, including checking and savings accounts, MMA, CDs, retirement accounts, and loans.
What makes Discover special is their price list.
With Discover Online Banking Account, you will never pay monthly maintenance fees, overdraft fees, or fees for insufficient funds.
Discover also has the only debit card that gets a bonus, which is a good option for those who prefer getting cash back for debit purchases rather than a credit card. This way, you can earn up to $360 every year.
Although Discover is an online bank, the company still owns and operates the original Delaware branch of the Greenwood Trust Company (which it acquired in 2000), making it one of the bank's physical locations.
Bank of America
Bank of America was founded in 1998 by the merger of NationsBank and BankAmerica and has since become the second largest bank in the country, serving more than 10% of all US deposits.
BoA boasts over 4,400 branches and over 17,000 ATMs. Like the other Big Four, you can count on a comprehensive banking relationship that meets all of your major banking needs.
BoA is increasingly moving into the online banking arena and has one of the best financial mobile apps available. In fact, J.D. The Power 2021 Mobile Banking App Satisfaction Study ranks Bank of America #1, with a rating of 871.
They also hire a lot of customer service representatives. If you need help, their phone lines are open seven days a week. You can also get support through Twitter and online chat.
Citibank
It's only available in certain markets, but your Citi Accelerate savings account requires a standard APY of 0.50%, and you only need a $1 minimum to earn.
Citi is headquartered in New York City, and the majority of its branches are concentrated in major metropolitan areas across the country, making it a solid choice for city dwellers.
Like Chase, Citi is also known for offering registration bonuses nearly year-round. However, what makes Citi presentations unique is that they are often adaptive.
The lower requirements make deals more affordable for most people, but even better, Citi will reward you a lot if you can meet the highest terms - which usually require a large deposit.
PNC banki
Pittsburgh-based PNC Bank operates in 21 states at 2,300 locations - making it one of the largest national banks in the country.
Moreover, in June 2021, the PNC finalized its $11.5 billion acquisition of BBVA, which would expand its reach even further.
The 600 branches operated by BBVA will be transferred to the PNC (even if it takes a while to reclassify them all!). This means that PNC will now have a physical presence in markets it previously served little to, particularly throughout the Southwest.
BBVA customers switch to PNC products in September and October 2021.
The most interesting product offered by PNC is called Virtual Wallet, which is a bundle of accounts. Checks, short-term savings and long-term savings are included in the same package.
Spending is a PNC checking account and has no monthly fees or minimum deposit requirements.
A reserve is a short-term savings account and acts as a reserve current account. The reserve provides a low APY and is intended to be used in emergency funds, to set aside money for future expenses.
Growth is the long-term savings account in the virtual wallet. It used to be a solid HYSA option with a very competitive price, but now, even after meeting the federal rate requirement, the remaining $2,500 will still only get 0.03%.
On the bright side, PNC regularly offers sign-up bonuses for opening a new virtual wallet accou
Capital One
Capital One is primarily an online bank, but still has branches in the Northeast and South. They also have one of the best banking software.
The Capital One app has 4.8 stars (out of 5) on the App Store and 4.7 stars (out of 5) on the Google Play Store.
At a high level, Capital One offers a robust private financing platform with numerous account options and a wide range of credit cards and investment products.
In the book J.D. This year, Power National Banking ranked Capital One at number one with a rating of 688. It was impressed by the clearly regulated low fees, high APY and user friendly online banking experience.
While it's true that Capital One's websites are limited, some have coffee shops built so you can get into Java when you log in.
TD banki
TD Bank calls itself "the most comfortable bank in the United States." In many ways, they represent the brand.
In a comprehensive study by J.D. In terms of bank customers' experience, TD Bank ranked highest in Landsbanki in 2019 in terms of customer satisfaction. Within the study, TD Bank was the highest in terms of convenience, branch services, and satisfaction with internet banking.
However, in the last survey of 2020, TD slipped some space - now in fourth place - but it still receives a good rating from the majority of its customers.
Most TD Bank locations are open seven days a week and tend to have more flexible hours than the larger national banks. Although there are over 1,200 locations, TD Bank is only located on the East Coast.
Wells Fargo
Wells Fargo used to take the crown for the largest brick-and-mortar bank presence in the country.
If you're looking for a traditional banking experience with cashiers, advisors, and free lollipops for your kids - Wells Fargo was hard to beat.
However, they have closed the doors in recent years - hundreds each year, in fact.
Fortunately, they have built a great mobile banking platform.
Wells Fargo's offerings are comprehensive and cover everything from bank accounts, credit cards, loans, retirement plans, and asset management services.
Account options are fairly standard for large banks and don't stand out one way or the other, but the bank has recently taken steps to improve its customers' experience through increased technology and new consumer-friendly policies.
Along with Bank of America, JPMorgan Chase, and Citibank, Wells Fargo is one of the "Big Four" government banks in the United States.
This means that they put in more money than anyone else. However, this attitude is not without flaws and Wells Fargo is no exception. With all the major local banks, you can expect above average account fees and ineffective interest rates.
CIT banki
CIT Bank, headquartered in Southern California, is an online banking company of the CIT Group.
CIT Bank offers standard checking and savings accounts. The bank really shines when it comes to money market accounts and CDs.
With a CIT Money Market account, you get access to one of the best interest rates available (which are now seven times higher than the national average).
You can also open an eChecking account with CIT for up to $100. This account gives you up to 0.25% APY.
In the case of ATM fees, CIT does not charge fees and will reimburse you up to $30 per month for fees charged by out-of-network ATMs.
Elly bank
Online banks have appeared more and more in recent years and Ally Bank has always been among the best. If you don't feel the need for a physical location, online banking may be a good idea.
The main advantage is that due to the lower costs for online banks (no buildings, fewer employees, etc.), customers are usually rewarded with higher interest rates and lower fees.
Ally Bank is no different and offers the highest APY in the business. The Ally High Interest Savings Account has a 0.50% APY at the time of writing. You also won't see any monthly maintenance fees or it will be outrageous for not hitting the minimum level.
When it comes to withdrawing cash, Ally doesn't have her own ATM. But it does offer free access to more than 43,000 Allpoint ATMs across the country. They also reimburse you up to $10 during the review period for all fees associated with online ATMs.
The only real downside to Ally is that it can be a bit complicated to deposit. There is no way to deposit cash and you have to deposit checks through the app or email. If your employer doesn't offer direct deposit, or if you get paid in cash, it may be worth exploring more traditional options.
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