Chase vs Bank of America
Chase is a national bank with good promotions for new customers. How does it compare to Bank of America? Read our comparison chart below.
 | ||
 |  | |
Chase | Bank of America | |
|---|---|---|
Chase Business $300 Bonus - | Advantage Plus Banking Checking Account - $100 Bonus - | |
Benefits and Features | ||
| Savings | 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. | 0.01% APY (up to 0.05% if enrolled in Preferred Rewards). $8 monthly maintenance fee, unless you have 1) daily balance of $500, 2) are a Bank of America Preferred Rewards Client, or 3) link your Rewards Savings Account to your Interest Checking Account. Minimum deposit of $100. |
| CD | Terms of 1 month to 10 years. $1,000 minimum opening deposit. No monthly service fee. | Standard Term CD: 0.03% APY. Terms of 28 days to 10 years. Minimum deposit of $1,000. Featured CD: 0.05% APY. Terms of 7, 10, 13, 25, and 37 months. Minimum deposit of $10,000. |
| 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 | Over 16,000 ATMs around the country. | |
| IRA CD | Standard Term CD: 0.03% APY. Terms of 6 month to 10 years. Minimum deposit of $1,000. Featured CD: 0.05% APY. Terms of 7, 10, 13, 25, and 37 months. Minimum deposit of $2,000. | |
| Locations | 4600 retail financial centres around the country and brances in more than 40 other countries. | |
CreditDonkey® Reviews | ||
| ||
| Savings |    | |
| Checking | | |
| Customer Service | | |
| Mobile App | | |
| CD | | |
| Pros & Cons | Pros:
| Pros:
|
| Bottom Line | National bank with good promotions for new customers... | National bank with widespread accessibility and wide range of services... |
| | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Chase: Pricing information and data points from published website as of 12/17/2020 Bank of America: Pricing information from published website as of 04/17/2021. based on 91107 zip code. | ||
Which is Better: Chase or Bank of America?
Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Chase or CIT Bank.
In short: Chase's checking is worth mentioning.
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.
YouInvest
Chase You Invest App has a bonus promotion, low fees and mutual funds trading. But is it good for beginners? Read this review for the pros and cons.
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).
How to Setup Direct Deposit with Chase
Get paid faster when you set up direct deposit with Chase. Here's how to get started below, plus how long it takes to get your money.
How to Go Paperless with Chase Bank
Tired of getting paper statements from Chase? Follow this simple guide to go paperless with Chase Bank.
How to Replace Your Chase Debit Card
Need to replace your Chase debit card? Here's how to request a new one through the website, mobile app or customer service.
How to Text Chase Bank for Your Balance
Chase Text Banking lets you check your balance with a simple text. Find out how to sign up for this convenient service below.
How to Change Your Chase Password
Need to change your Chase password? Read this guide to find out how to update your username and password on desktop or the mobile app.
Articles on Bank of America
Bank of America Review
Bank of America offers a nationwide network, many account options, and user-friendly online banking. But does this convenience come at a cost? Read on.
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.
Which Do You Think is Best?
You Might Also Like
Best National Bank
There are over 5,000 FDIC-insured banks in America. How do you choose the best national bank to keep your money safe?
3 Types of Savings Accounts
Grow your money with a savings account. There are several account types depending on your needs. Learn about the different savings options.
4 Types of Checking Accounts
The right checking account can help you manage your money better. But there are many options. Find out which checking account is best for you.
Best Student Checking Accounts
A student checking account allows you to manage your money with fewer fees and requirements. Find the best student checking accounts offered by the top banks.
Best Free Checking Accounts for Small Businesses
Hidden fees can pile up. Don't let your checking account be part of the problem. Find out which small business friendly bank account is good for you.
Chase Sapphire Banking Review
What is Chase Sapphire banking ? We explain the benefits, interest rate and how to qualify for the bonus in our review.
Find Your Routing Number on a Check
Your routing number is the 9 digit code on the bottom of your check. Don't use the wrong number. Find the correct routing number for your bank.
Comerica Bank Review: Account Good for You?
Do you look for a wide range of account options at banks? Do you want a bank that offers free savings accounts with any checking account? Comerica Bank may provide what you need.
Wells Fargo Bank Review: Account Good for You?
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.
Citibank Review: Account Good for You?
Citibank offers credit cards and banking services. But service fees and balance requirements are on the high side. Is it the right bank for you? Read this review to find out.
Next Page: Chase Bank
