SunTrust Bank that has 1,400 branches in the Southeast region. Their checking accounts require $100 to open while also offering different ways to waive fees.
Whereas, Bank of America 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.
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.
|Suntrust Bank||Bank of America|
|Locations||1400 bank branches across 11 southeastern states and Washington D.C.||Over 5,000 locations (Locator)|
|ATMs||More than 2000 ATMs across 11 southeastern states and Washington DC.||Over 1,800 ATMs|
|Pros||-High APY for CDs
-Free student account
– Good customer service
-Extended customer service hours
-Full service bank
|Cons||-No free checking option
– Low APY savings
|-No free checking option
– Low interest rate
-Many miscellaneous banking fees
|Bottom Line||SunTrust Bank offers a wide variety of checking and savings accounts, offering comparable interest rates to most big banks.||Bank of America operates nationwide offering many account options like checking, savings, and more!|
Which Bank is Better: SuntTrust Bank or Bank of America?
- If you’re interested in good customer service and high APY for CDs then SunTrust is a good option, but note that they have limited branches.
- Bank of America has many account options and their user friendly interface and mobile app is noteworthy. They offer lower interest rates!