Bank of America has more than 5,000 locations and 16,000 ATMs nationwide. They offer many different accounts: checking, savings, CDs, IRA and investment accounts through Merrill Edge. Plus, it’s good to know they are highly praised for their good customer service with extended hours.
In comparison to Capital One, who offers high interest rates without all the online fees, however it’s not as high compared to other online banks. They also offer convenience checking and savings under one roof.
Continue reading below for a more in-depth look for both Bank of America and Capital One. You can choose to see which one fits your needs the most.
|Bank of America||Capital One|
|Locations||Over 5,000 locations (Locator)||Online based banking|
|ATMs||Over 1,800 ATMs||Over 39,000 no-fee Capital One & Allpoint ATMs|
-Extended customer service hours
-Full service bank
|-Overdraft protection options
-No account minimums
-27 Capital One cafes for in-person support
|Cons||-No free checking option
– Low interest rate
-Many miscellaneous banking fees
|-Low savings APY compared to other online banks|
|Bottom Line||Bank of America operates nationwide offering many account options like checking, savings, and more!||Capital One offers several banking products like checking and savings.|
Capital One Promotions
Which Bank is Better: Bank of America or Capital One?
- Bank of America has many account options and their user friendly interface and mobile app is noteworthy.
- Capital One has a good range of banking services. They are a good online bank that also has access to in-person support.