Bank of America is one of the most well known banks in the U.S. with 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. Not only that, they are highly praised for their good customer service with extended hours.
Whereas, Wells Fargo is another well known bank with more than 5,400 locations offering 13,000 ATMs nationwide. They offer a variety of checking account like Teen Checking or Opportunity Checking for those who have financial troubles.
Continue reading below to see a side-by-side comparison between the two banks, so you can see which one offers the services you need the most.
See our best bank bonuses updated daily to earn up to $1,000 in free money. Find popular checking offers such as Chase Bank, HSBC Bank, TD Bank, Huntington Bank, BBVA, Discover Bank, and CIT Bank. See our best rates for Savings and CD too. |
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| Chase Business Complete BankingSM $300 Bonus | HSBC Premier Checking Up To $600 |
| HSBC Premier Checking $450 Bonus | TD Bank Convenience Checking $150 Bonus |
| TD Bank Beyond Checking $300 Bonus | Huntington Business Checking 100 $200 Bonus |
| Huntington 25 Checking $300 Bonus | Huntington Unlimited Plus Business Checking $750 Bonus |
| Huntington Unlimited Business Checking $400 Bonus | Aspiration Spend & Save Account $100 Bonus |
| Ally Invest Up To $3,000 Bonus | Discover Bank $360 Cashback Debit |
| Axos Basic Business Checking $100 Bonus | BlockFi Up To $250 BTC Bonus |
| WeBull 2 Free Stocks | BBVA Free Checking & Savings $250 Bonus |
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| Bank of America | Wells Fargo | |
| Locations | Over 5,000 locations (Locator) | 5,400 retail banking branches coast to coast. (Locator) |
| ATMs | Over 1,800 ATMs | More than 13,000 ATMs across the country. |
| Savings | 3/5 | 2.5/5 |
| CD | 2/5 | 2/5 |
| Checking | 2.5/5 | 4/5 |
| Money Market | ||
| Customer Service | 4/5 | 4/5 |
| Mobile App | 4.5/5 | 4.5/5 |
| Pros | -National availability -Extended customer service hours -Full service bank |
-Nationwide availability – Large ATM network – Mobile app features – 24/7 account monitoring |
| Cons | -No free checking option – Low interest rate -Many miscellaneous banking fees |
– Make minimal interest – Pay a fee for overdraft protection |
| Bottom Line | Bank of America operates nationwide offering many account options like checking, savings, and more! | Wells Fargo offer nationwide access to ATMs and branch locations, offering unique features that your bank might not provide. |
Bottom Line
Which Bank is Better: Bank of America or Wells Fargo?
In summary:
- Bank of America has many account options and their user friendly interface and mobile app is noteworthy. However, they aren’t as widespread as Wells Fargo.
- Wells Fargo offers nationwide access to their accounts, if you’re looking for basic banking features their accounts are to go to.
For other banking options, see our list of the best bank account bonuses & savings account offers.
| PROMOTIONAL LINK | OFFER | REVIEW |
| Chase Business Complete BankingSM | $300 Cash | Review |
| HSBC Premier Checking Member FDIC | $450 Cash | Review |
| HSBC Premier Checking Member FDIC | Up To $600 | Review |
| BBVA Free Checking & Savings | $250 Cash | Review |
| Huntington 25 Checking | $300 Cash | Review |
| TD Bank Beyond Checking | $300 Cash | Review |
| TD Bank Convenience CheckingSM | $150 Cash | Review |
| Huntington Bank Unlimited Plus Business Checking | $750 Cash | Review |
| Huntington Bank Unlimited Business Checking | $400 Cash | Review |
| Huntington Bank Business Checking 100 | $200 Cash | Review |
| Axos Bank Basic Business Checking | $100 Cash | Review |
| Aspiration Spend & Save Account | $100 Cash | Review |
| Ally Invest | Up to $3,000 Cash | Review |
| BlockFi | Up To $250 BTC | Review |
| American Express High Yield Savings | 0.40% APY | Review |
| Discover Cashback Debit Account | $360 Cash | Review |
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