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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
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Chase

Bank of America

SPECIAL OFFER
Chase Business $300 Bonus - Learn More

Read Chase Review

SPECIAL OFFER
Advantage Plus Banking Checking Account - $100 Bonus - Learn More

Read Bank of America Review

 

Benefits and Features

SavingsChase 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.
CDTerms 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.
CheckingChase 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
16,000 Chase 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
Over 4,700
4600 retail financial centres around the country and brances in more than 40 other countries.
 

CreditDonkey® Reviews

 Chase
SavingsStarStarStarHalf StarEmpty StarStarStarStarEmpty StarEmpty Star
CheckingStarStarStarStarEmpty StarStarStarHalf StarEmpty StarEmpty Star
Customer ServiceStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Mobile AppStarStarStarStarStarStarStarStarStarHalf Star
CDStarStarEmpty StarEmpty StarEmpty Star
Pros & ConsPros:
  • More than 4,700 branches
  • New customer coupons
  • Full service banking
Cons:
  • Low interest rates
  • Not in all states
Pros:
  • National availability
  • Extended customer service hours
  • Full service bank
Cons:
  • No free checking option
  • Low interest rates
  • Many misc. banking fees
Bottom LineNational bank with good promotions for new customers... Read full reviewNational bank with widespread accessibility and wide range of services... Read full review
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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?





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