Save money and be informed. CreditDonkey is a bank comparison and reviews website. This website is made possible through financial relationships with card issuers and some of the products and services mentioned on this site. Advertiser Disclosure†

Bank of America vs Wells Fargo

Bank of America is a national bank with widespread accessibility and wide range of services. How does it compare to Wells Fargo? 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 Wells Fargo is one of America's largest banks with over 4,500 locations and 12,000 ATMs. Offers many checking options, including Teen Checking and Opportunity Checking for those who had financial troubles. 24/7 customer service. Special CDs offers high rates with $5,000 minimum opening deposit.

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

 

Bank of America

Wells Fargo

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

Read Bank of America Review

SPECIAL OFFER
Personal Checking Account - $200 Bonus - Learn More

Read Wells Fargo Review

 

Benefits and Features

Savings
Check
0.15% APY. Minimum opening deposit of $25. Monthly service fee of $5, unless you maintain a minimum daily balance of $300, make 1 automatic transfer each fee period of $25 or more from a linked Wells Fargo checking account, make 1 automatic transfer each business day within the fee period of $1 or more from a linked Wells Fargo checking account, make 1 or more Save As You Go® transfers from a linked Wells Fargo checking account, or primary account owner is 24 years old or under.
CD
Check
Standard Term CD: 0.50% to 2.00% APY. Terms of 3 months to 1 year. Minimum deposit of $2,500. Bonus of up to 2.01% APY if you maintain a linked Portfolio by Wells Fargo relationship.
Checking
Check
Clear Access Banking, Everyday Checking, Portfolio by Wells Fargo
Money Market Also known as the Platinum Savings Account. 0.25% - 2.00% APY. Minimum opening deposit of $25. $12 monthly service fee, unless you maintain a minimum daily balance of $3,500. Bonus APY of 2.01% requires account linked to Portfolio by Wells Fargo relationship.
Customer Service
  • Mon-Fri: 8am - 9pm (ET)
  • Sat: 8am - 8pm (ET)
  • Sun: 8am - 5pm (ET)
Available 24 hours a day, 7 days a week.
ATMs
Approximately 16,000+ ATMs
More than 12,000 ATMs across the country.
IRA CD
Check
Standard Term CD: 0.01% to 2.00% APY. Terms of 1 month to 144 months. Minimum deposit of $1,000. Bonus of up to 2.01% APY if you maintain a linked Wells Fargo Prime/Portfolio Checking account.
IRA Money Market 0.01% APY. $100 minimum opening deposit.
LocationsApproximately 3,800+ retail financial centersApproximately 4,500+ retail banking branches coast to coast.
 

CreditDonkey® Reviews

SavingsStarStarStarEmpty StarEmpty Star
CDStarStarEmpty StarEmpty StarEmpty Star
CheckingStarStarHalf StarEmpty StarEmpty Star
Customer ServiceStarStarStarStarEmpty Star
Mobile AppStarStarStarStarHalf Star
Pros & ConsPros:
  • Large branch network
  • Extended customer service hours
  • Full service banking
Cons:
  • No free checking option
  • Low interest rates
  • Many miscellaneous banking fees
Bottom LineNational bank with widespread accessibility and wide range of services... Read full review Read full review

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.

Wells Fargo: Pricing information from published website as of 01/16/2023 based on 91107 zip code.

Which is Better: Bank of America or Wells Fargo?

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 Chase.


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 Wells Fargo

Wells Fargo Bank Review

Wells Fargo offers nationwide access with thousands of ATMs and branch locations. But are their checkings and savings accounts right for you? Read on to see the best options.

Wells Fargo Bank Hours

Wells Fargo is one of the biggest banks in the country. Here's when you can visit a branch near you.

Wells Fargo Routing Number

Not all routing numbers are the same for Wells Fargo. Here's how to find the routing number for your bank account.

Which Do You Think is Best?





You Might Also Like

Chase Business Complete Banking Review

Chase Business Complete Banking Review

Chase Business Complete Banking offers an all-in-one account with checking and credit card processing. Read on to learn about the fees and bonuses.
Best Banks in San Antonio

Best Banks in San Antonio

Searching for a new bank in San Antonio, Texas? Look no further than this helpful guide to the best banks in San Antonio.
Best Banks in Arizona

Best Banks in Arizona

Looking for a new bank in Arizona? This helpful guide to the best banks in Arizona will make choosing easy.
Best Banks in Florida

Best Banks in Florida

Are you a Floridian trying to find a new bank? It's easy with this helpful guide to the best banks in Florida. Read on to learn more.
Best Banks for Trust Accounts

Best Banks for Trust Accounts

Seeking to open a trust account and not sure which bank to do it with? Look no further than this helpful guide to the best banks for trust accounts.
Best Banks in Texas

Best Banks in Texas

Looking for the right bank in Texas? Don't miss this helpful guide to the best banks in the Lone Star State. Read on to see which is right for you.
Best Banks in California

Best Banks in California

Are you in California and searching for a new bank? Finding one is easy with this helpful guide to the best banks and credit unions in California.
Best Business Bank Accounts for LLC

Best Business Bank Accounts for LLC

The best banks for LLCs have low fees and valuable business perks to help you grow. Here are the best business banking accounts for all types of LLCs.
Banks That Don't Require Social Security Number

Banks That Don't Require Social Security Number

Looking to open a bank account without providing your Social Security Number? Read this guide to know which banks don't require an SSN.
Why You Need a Business Bank Account

Why You Need a Business Bank Account

Learn about the benefits of business bank accounts, the best accounts available, and the consequences of using a personal account for business expenses.

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.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

About Us | Reviews | Deals | Tips | Privacy | Do Not Sell My Info | Terms | Contact Us
(888) 483-4925 | 680 East Colorado Blvd, 2nd Floor | Pasadena, CA 91101
© 2023 CreditDonkey Inc. All Rights Reserved.