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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 16,000 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.

 Chase
 Learn MoreVisit Site
 

Bank of America

Chase

SPECIAL OFFER
Bank of America Advantage Plus Banking® - $100 Bonus Offer - Learn More

Read Bank of America Review

SPECIAL OFFER
Chase Bank $200 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 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.
Customer Service
  • Mon-Fri: 8am - 9pm (ET)
  • Sat: 8am - 8pm (ET)
  • Sun: 8am - 5pm (ET)
 
ATMs
Approximately 17,000 ATMs
16,000 Chase ATMs
IRA CD
Check
 
LocationsApproximately 4,300 retail financial centers
Over 4,700
 

CreditDonkey® Reviews

 Chase
SavingsStarStarStarEmpty StarEmpty StarStarStarStarHalf StarEmpty Star
CDStarStarEmpty StarEmpty StarEmpty Star
CheckingStarStarHalf StarEmpty StarEmpty StarStarStarStarStarEmpty Star
Customer ServiceStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Mobile AppStarStarStarStarHalf StarStarStarStarStarStar
Pros & ConsPros:
  • Large branch network
  • Extended customer service hours
  • Full service banking
Cons:
  • No free checking option
  • Low interest rates
  • Many miscellaneous 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 3/25/2022 based on 91107 zip code.

Chase: Pricing information and data points from published website as of 12/17/2020

Chase
Member FDIC

Chase Total Checking® - $200 Bonus

Expires 7/20/2022
  • New Chase checking customers enjoy a $200 bonus when you open a Chase Total Checking® account and set up direct deposit
  • Access to 16,000 Chase ATMs and more than 4,700 branches
  • Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
  • 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℠: $0 overdraft fee when you overdraw your account $50 or less*

*We won't charge an overdraft fee if you are overdrawn $50 or less at the end of the business day. Chase may pay, for a $34 fee, overdraft transactions at our discretion based on your account history, deposits and transaction amount. If you've enrolled in Debit Card Coverage, everyday debit card purchases like groceries, may be approved at our discretion when you don't have enough money in your account.

Chase
Member FDIC

Chase Business Complete Banking℠ - $300 Bonus

Expires 7/21/2022
  • Earn $300 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.
  • Built-in card acceptance. Accept card payments anytime, anywhere in the U.S., and get transparent pricing with Chase QuickAccept℠
  • Same-day deposits with QuickAccept℠. Free up the cash you need to keep your business moving forward with same-day deposits at no additional cost.
  • Alerts to help you stay on top of your account activity.
  • Easy account management through Chase Business Online and the Chase Mobile® app.
  • Unlimited electronic deposits, ACH and Chase QuickDeposit℠.
  • Convenient access to 16,000 ATMs and more than 4,700 branches.
Chase
Member FDIC

Chase Secure Banking℠ - $100 Bonus

Expires 7/20/2022
  • New Chase checking customers enjoy $100 when you open a Chase Secure Banking℠ account with qualifying activities.
  • No minimum deposit to open.
  • No paper checks to track and no Chase fees on money orders or cashier's checks.
  • Pay bills, cash checks and send money with Zelle® all for a $4.95 monthly service fee.
  • Use the Chase debit card to help you spend only the money you have available, without worrying about overdraft fees.
  • Bank from virtually anywhere with access to 16,000 Chase ATMs, more than 4,700 Chase branches, the Chase Mobile® app and Chase Online℠.
  • Secure Banking customers told us they save an average of $50 a month on fees after opening their account.
  • No need to worry about unauthorized card transactions when reported promptly with Zero Liability Protection.

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.

In short: Chase's checking is worth mentioning.


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.

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 Business Checking Promotion

Right now, Chase Business Complete Checking is offering a $300 bonus for new customers.

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).

Is Chase Good for Small Business

Chase offers 3 business checking accounts. Take a look at their current promotions, requirements, and fees in this guide.

How to Close a Chase Account

If you're ready to say goodbye to your Chase monthly service fees, follow the steps outlined in this guide to close it online, via phone, and more.

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 Investment Account Bonus

Right now, when you sign up for a J.P. Morgan Self-Directed Investing account and fund it with qualifying new money, you can earn up to $625.

Chase Total Checking Bonus

Chase Total Checking is offering $200 for opening a new account. Find out how to qualify for the bonus below.

Which Do You Think is Best?





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About CreditDonkey
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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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