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Bank of America vs Chase

Bank of America is a national bank with widespread accessibility and wide range of services. How does it compare to Chase? Read our comparison chart below.

Bank of America is one of the largest banks in the U.S. with approximately 4,300 locations and 17,000 ATMs. It is known for good customer service with extended hours. It offers checking, savings, CDs, IRA, and investment accounts through Merrill Edge.

While Chase is one of the biggest banks in the nation with more than 4,700 branches and over 15,000 ATMs. They offer a variety of banking, loans and investing services.

Compare Bank of America with Chase, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 Bank of America
Member FDIC
Chase
Member FDIC
 Learn MoreVisit Site
 

Bank of America

Chase

OFFER
Bank of America Advantage Banking - $200 Bonus Offer

Read Bank of America Review

SPECIAL OFFER
Chase Bank $300 Bonus - Learn More

Read Chase Review

 

Benefits and Features

Savings
Check
  • Chase Savings: $5 monthly service fee waived with either a $300 daily balance OR $25 automatic transfer every month from a linked Chase checking account, OR a linked Chase College Checking for Overdraft Protection, OR a linked qualifying Chase checking account, OR for owners under 18. $0 to open.
  • Chase Premier Savings: Earn a higher interest rate when you have a bigger balance and meet certain relationship requirements when linked with a Chase Premier Plus Checking or Sapphire Checking account.
CD
Check
Terms of 1 month to 10 years. $1,000 minimum opening deposit. No monthly service fee.
Checking
Check
  • Chase Total Checking®
  • Chase Premier Plus Checking: An interest-bearing account with some perks. $25 monthly service waived with an average beginning day balance of $15,000 OR a Chase mortgage with auto pay. $0 minimum balance to open.
  • Chase Sapphire Checking: A premium checking account for those with $75,000 or more on deposit with Chase. $0 minimum balance to open.
  • Chase College Checking: No monthly service fee for college students age 17-24 at account opening with proof of student status, for up to 5 years. $0 to open.
  • Chase Private Client Checking: For high net worth individuals who have $250,000 on deposit with Chase.
Mobile App 
iOS & Android
ATMs
Approximately 16,000+ ATMs
15,000+ Chase ATMs
Customer Service
  • Mon-Fri: 8am - 9pm (ET)
  • Sat: 8am - 8pm (ET)
  • Sun: 8am - 5pm (ET)
Automated service available 24 hours a day,
7 days a week
IRA CD
Check
 
LocationsApproximately 3,900 retail financial centers
Over 4,700
 

CreditDonkey® Reviews

 Bank of AmericaChase
SavingsStarStarEmpty StarEmpty StarEmpty StarStarStarEmpty StarEmpty StarEmpty Star
CDStarStarStarHalf StarEmpty StarStarStarStarEmpty StarEmpty Star
CheckingStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Mobile AppStarStarStarStarHalf StarStarStarStarStarStar
Customer ServiceStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Pros & ConsPros:
  • Large branch network
  • Extended service hours
  • Full service banking
Cons:
  • Monthly fees
  • Low interest rates
  • Many misc. banking fees
Pros:
  • More than 4,700 branches
  • New customer coupons
  • Full service banking
Cons:
  • Low interest rates
  • Not in all states
Bottom LineNational bank with widespread accessibility and wide range of services... Read full reviewNational bank with good promotions for new customers... Read full review
 Learn MoreVisit Site

    Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

    Bank of America: Pricing information from published website as of 03/15/2024 based on 91107 zip code.

    Chase: Pricing information and data points from published website as of 03/14/2024.

    Bank of America
    Member FDIC

    Bank of America Advantage Banking - $200 Bonus Offer

    Expires 5/31/2024
    • The $200 bonus offer is an online only offer and must be opened through the Bank of America promotional page.
    • The offer is for new checking customers only.
    • Offer expires 5/31/2024.
    • To qualify, open a Bank of America Advantage Banking account through the promotional page and set up and receive qualifying direct deposits totaling $2,000 or more into that new account within 90 days of opening.
    • Bank of America will attempt to pay bonus within 60 days.
    • Additional terms and conditions apply. See offer page for more details.
    • Bank of America, N.A. Member FDIC.
    Bank of America
    Member FDIC

    Bank of America Business Advantage Checking Account - $200 Bonus Offer

    Expires 6/30/2024
    Earn a cash bonus in three steps:
    1. Open a new eligible business checking account by June 30, 2024
    2. Make Qualifying Deposits* of $5,000 or more in new money within 30 days of opening the new eligible business checking account
    3. Maintain an average balance of $5,000 for the next 60 days (day 31-90) during the maintenance period**
    *Qualifying Deposits are deposits of new money, which is money not currently or previously held in any account at Bank of America or Merrill
    **The maintenance period begins thirty-one (31) days after account opening and ends ninety (90) calendar days after account opening.
    Member FDIC
    Bank of America
    Member FDIC

    Bank of America Advantage SafeBalance Banking®

    • Banking that helps you stay within your balance.
    • No monthly maintenance fee each statement cycle when you meet one of the following: an owner of this account is under the age of 25 or maintain a minimum daily. balance of $500 in your account or are a member of Bank of America Preferred Rewards®.
    • Bank of America, N.A. Member FDIC.
    Chase
    Member FDIC

    Chase Total Checking® - $300 Bonus

    Expires 4/17/2024
    • New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities
    • Access to more than 15,000 Chase ATMs and more than 4,700 branches
    • Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
    • JPMorgan Chase Bank, N.A. Member FDIC
    • Open your account online now
    • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
    • Chase Overdraft Assist℠ - no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
    Chase
    Member FDIC

    Chase Secure Banking℠ - $100 Bonus

    Expires 4/17/2024
    • New Chase checking customers enjoy a $100 checking account bonus when you open a Chase Secure Banking℠ account with qualifying transactions. Open online or at any Chase branch.
    • Set up direct deposit and you may get your money up to two business days early-exclusively for Chase Secure Banking℠ customers.
    • No minimum deposit to open an account and get started plus no overdraft fees with a Chase debit card that helps you stay within your balance.
    • Track your credit score, get a personalized action plan provided by Experian™ to help improve your score and receive identity monitoring for free through Chase Credit Journey®.
    • Chase Secure Banking℠ customers told us they save an average of more than $40 per month on fees after opening their account.
    • JPMorgan Chase Bank, N.A. Member FDIC.
    • Pay bills, cash checks and send or receive money with Zelle® with a Chase Secure Banking℠ account.
    • Bank from anywhere with access to more than 15,000 Chase ATMs, more than 4,700 Chase branches, the Chase Mobile® app and Chase.com.
    Chase
    Member FDIC

    Chase Business Complete Banking® - $400 Bonus

    Expires 4/18/2024
    • Earn $400 when you open a new Chase Business Complete Checking® account. For new Chase business checking customers with qualifying activities.
    • Multiple ways to waive the Monthly Service Fee, including maintaining a minimum daily balance or purchases on your Chase Ink® Business credit card.
    • Full-service business banking. Convenient access to all your business banking services in one place -- lending, checking, credit card and payment solutions.
    • Your choice of payment types. Choose from a full range of options for accepting payments and making deposits that include Zelle®, Online Bill Pay, wire transfers and ACH payments.
    • Convenient access to payment processing. Process all major debit and credit cards with QuickAccept®. It's a built-in feature with your Business Complete Checking account.
    • Helping you save money. Multiple ways to waive service fees and unlimited digital transactions helps you keep more of your money.
    • Full-featured banking online and on-the-go. Manage your business' finances on your terms with the latest online and mobile banking technology.
    • Trusted and secure financial partner. We're committed to helping you grow and protect your business.

    Which is Better: Bank of America or Chase?

    Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Bank of America or Citibank.


    Articles on Bank of America

    Bank of America Review

    Bank of America is a national bank with many account options and user-friendly online banking. But does this convenience come at a cost? Read on.

    Bank of America Savings Account Interest Rate

    Bank of America's Advantage Savings has a standard APY way below the national average. Read on to find out more.

    Does Bank of America Have a High Yield Savings

    Bank of America offers various banking products and services. But does it have a high-yield savings account? Find out here.

    Bank of America Problems

    Bank of America may be one of the biggest banks, but many customers find a lot of issues with their banking services. What are they? Keep reading.

    Bank of America CD Rates

    Bank of America is one the biggest banks in the U.S. But are their CD rates worth it? Read on to find out.

    How to Close a Bank of America Account

    Want to close your Bank of America account? Learn how and what you need to do before you close your account.

    Bank of America Hours

    Bank of America is open 5-6 days a week, depending on the location. Take a look at their business hours below.

    Bank of America Routing Number

    Find your Bank of America routing number and learn about money transfers in our guide.

    Articles on Chase

    Is Chase a Good Bank

    Chase has new customer bonuses and a strong nationwide presence. But there are drawbacks. Read this review to see if Chase is a good bank for you.

    Open Chase Account

    Opening an account with Chase Bank is simple. Take a look at what you'll need and check out your account options in our guide.

    Chase Bank Offers

    What promotions does Chase have right now? Find out how much you can earn and how to qualify for the latest Chase bank promotions.

    Chase Business Checking Coupon

    Chase Business Complete Banking offers a $400 bonus for new customers with qualifying activities. Find out how to get this limited business checking promotion.

    Chase Business Complete Banking Review

    Is Chase Business Complete Banking the right choice for you? Here are the benefits and fees you need to know.

    Chase Secure Banking Coupon

    Earn $100 when you open a Chase Secure Banking℠ with qualifying activities. Here's how to grab the special offer.

    How to Open a Chase Business Bank Account

    Opening a Chase business banking account is easy. Check out what you'll need and your business checking options in this guide.

    Chase Routing Number

    What is Chase Bank's routing number? It depends on the state. Find the correct routing number for your Chase account (even without a check).

    Does Chase Have a High Yield Savings

    Curious if Chase offers a high-yield savings account? Read on to find out.

    Which Do You Think is Best?





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    About CreditDonkey
    CreditDonkey is a bank comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

    Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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