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.
In comparison, Citibank only operates on 700 branches across the U.S. They offer credit cards and banking services, but their service fees and balance requirements are more on the higher side.
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 | Citibank | |
| Locations | Over 5,000 locations (Locator) | 700 Citibank branches across 13 states
(Mostly in California and New York) |
| ATMs | Over 1,800 ATMs | 2400 ATMs across the country.
Also works at all MoneyPass ATMs |
| Savings | 3/5 | 3/5 |
| CD | 2/5 | 3/5 |
| Checking | 2.5/5 | 3/5 |
| 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 |
-Perks for high balance customers -Many fee-free ATMs -Global presence |
| Cons | -No free checking option – Low interest rate -Many miscellaneous banking fees |
-No free checking option -Higher balance requirements -Low savings APY |
| Bottom Line | Bank of America operates nationwide offering many account options like checking, savings, and more! | Citibank is offers credit cards and banking services, but it’s more geared towards people who have high balances in their deposit account. |
Citibank Promotions
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Bottom Line
Which Bank is Better: Bank of America or Citibank?
In summary:
- Bank of America has many account options and their user friendly interface and mobile app is noteworthy. They offer lower interest rates!
- Citibank is different compared to other banks because they only offer a package of both checking and savings account when opening an account. Citi can be especially beneficial for those who travel or need access to a large ATM network.
For other banking options, see our list of the best bank account bonuses & savings account offers.
