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.
Compared to Bank of the West who offers checking, savings, CDs, and IRAs and just like most banks they also charge monthly maintenance fees also as low interest rates. However, the only downfall is that they only operate in 19 states with limited ATMs.
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
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| Bank of America | Bank of the West | |
| Locations | Over 5,000 locations (Locator) | |
| ATMs | Over 1,800 ATMs | |
| Savings | 3/5 | |
| CD | 2/5 | |
| Checking | 2.5/5 | |
| Money Market | ||
| Customer Service | 4/5 | |
| Mobile App | 4.5/5 | |
| Pros | -National availability -Extended customer service hours -Full service bank |
-No minimum requirement for opening deposits on checking accounts – Online banking services -Send money with Zelle |
| Cons | -No free checking option – Low interest rate -Many miscellaneous banking fees |
-Limited branches and ATM network -Low interest rates on savings & CDs – Only offer two checking account options |
| Bottom Line | Bank of America operates nationwide offering many account options like checking, savings, and more! | Bank of the West offers checking and savings accounts as well as a few investment options like CDs. |
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Bottom Line
Which Bank is Better: Bank of America or Bank of the West?
In summary:
- Bank of America has many account options and their user friendly interface and mobile app is noteworthy. They offer lower interest rates!
- Bank of the West is a good choice, if you need a simple checking and savings account. Plus opening deposits are low and you can waive your monthly fees.
For other banking options, see our list of the best bank account bonuses & savings account offers.
