Citibank vs Bank of America

Citibank is a large national bank best for high balance customers. How does it compare to Bank of America? Read our comparison chart below.

Citibank has over 600 branches across the United States. Service fees and ways to waive are on the high side. Best for high-balance customers who can open one of the elite accounts to earn reward points, get preferred rates, and other perks.

While 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.

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

	CitibankChaseWells FargoU.S. BankHSBCBMODiscover Bank Member FDIC	Member FDIC
	Learn More	Learn More
	Citibank	Bank of America
	OFFER Checking with Enhanced Direct Deposit - $325 Cash Bonus Read Citibank Review	OFFER Bank of America Advantage Banking - $300 Bonus Offer Read Bank of America Review
	Benefits and Features
Savings	Citi® Accelerate High-Yield Savings: Available in AA, AE, AK, AL, AP, AR, AS, AZ, CO, DE, GA, GU, HI, IA, ID, IN, KS, KY, LA, MA, ME, MI, MN, MO, MP, MS, MT, NC, ND, NE, NH, NM, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VI, VT, WA, WI, WV, WY and select markets in Florida and Illinois. Citi® Savings: Available in CA, CT, DC, MD, NV, NJ, NY, VA, and select markets in Florida and Illinois.	Bank of America Advantage Savings Standard Rate: 0.01% APY
CD	3-Month Fixed Rate CD - 3.25% APY 1-Year Fixed Rate CD - 3.25% APY 6-Month Fixed Rate CD - 2.50% APY 9-Month Fixed Rate CD - 2.00% APY 5-Year Fixed Rate CD - 2.00% APY	7-Month CD - Up to 4.25% APY 10-Month CD - 3.75% APY 13-Month CD - 2.75% APY 25-Month CD - 2.00% APY 37-Month CD - 0.11% APY 1-Month CD - 0.03% APY 120-Month CD - 0.03% APY
Checking
Money Market
Mobile App	iOS & Android	iOS & Android
ATMs	More than 65,000 fee-free ATMs at Citi branches and participating retail locations nationwide, including Target, CVS Pharmacy, Rite aid, Walgreens, Duane Reade and ATMs displaying Allpoint or MoneyPass logo.	Approximately 16,000+ ATMs
Customer Service	24/7 Live Customer Service (Telephone)	Monday -Friday: 8AM - 9PM ET Saturday: 9AM - 6PM ET Sunday: 8AM - 5PM ET
IRA CD
IRA Money Market
Locations	645 retail bank branches concentrated in the six key metropolitan areas of New York, Chicago, Los Angeles, San Francisco, Miami, and Washington, D.C.	3,922 financial centers
	CreditDonkey® Reviews
Savings
CD
Checking
Mobile App
Customer Service
Pros & Cons	Pros: Perks for high balance customers Many fee-free ATMs Global presence Cons: No free checking option Higher balance requirements Low savings APY	Pros: Large branch network Extended service hours Full service banking Cons: Monthly fees Low interest rates Many misc. banking fees
Bottom Line	Large national bank best for high balance customers... Read full review	National bank with widespread accessibility and wide range of services... Read full review
	Learn More	Learn More
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Citibank: Pricing information from published website as of 07/20/2025. This content is not provided by Citi. Any opinions expressed are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Citi. Bank of America: Pricing information from published website as of 07/21/2025 based on 91107 zip code.

Member FDIC

Bank of America Advantage Banking - $300 Bonus Offer

Learn More

Expires in 24 hours

• The $300 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 07/31/2025.
• To qualify, open a new eligible 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 eligible account within 90 days of account opening. Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer.
• Once all requirements are met, Bank of America will attempt to pay bonus within 60 days.
• Additional terms and conditions apply. See offer page for more details.
• *A Qualifying Direct Deposit is a direct deposit of regular monthly income – such as your salary, pension or Social Security benefits, which are made by your employer or other payer – using account and routing numbers that you provide to them.
• Bank of America, N.A. Member FDIC.

Member FDIC

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

Learn More

Expires 12/31/2025

• 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 eligible business checking customers only.
• Offer expires 12/31/2025.
• To qualify, deposit $5,000 or more in New Money* directly into a new eligible Bank of America Business Advantage Banking account within thirty (30) days of account opening.
• Maintain an average balance of $5,000 in that new Business Advantage Banking account during the Maintenance Period**.
• Once all requirements are met, Bank of America will attempt to pay bonus within 60 days.
• Additional terms and conditions apply. See offer page for more details.
• *New Money is new funds deposited into your business checking account that are not transfers from other Bank of America deposit accounts or Merrill investment accounts.
  
• ** The Maintenance Period begins thirty-one (31) calendar days after account opening and ends ninety (90) calendar days after account opening.
  
• Bank of America, N.A. Member FDIC

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.

Learn More

Which is Better: Citibank 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 Citibank or Chase.

In short: Bank of America's checking is noteworthy.

Articles on Citibank

Citibank Review

Citibank offers banking services and credit cards. But service fees and balance requirements are on the high side. Is it the right bank for you?

• Citibank vs Chase
• Citibank vs Wells Fargo
• Citibank vs U.S. Bank

Citibank Open Account

Opening a Citi bank account is easy. Take a look at what you'll need, plus find out how to earn a bonus

• Citibank vs HSBC

Citi Savings Account Interest Rate

Citibank boasts two savings accounts with varying rates and low fees. But which one should you open? Read on for all the details.

Citi High Yield Savings

Citi now offers high-yield savings with one of the best interest rate. But it's only available in select markets. Read this review to see if it's good for you.

Citibank Routing Number

Looking to transfer money in or out of your Citibank checking or savings account? Find your Citibank routing number and learn about money transfers below.

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 vs BMO
• Bank of America vs Capital One
• Bank of America vs USAA Bank

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.

• Bank of America vs Discover Bank

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.

Which Do You Think is Best?

You Might Also Like

How Much Are ATM Fees

Felt robbed by ATM fees? Find out just how much cash they're taking from you.

$500 Checking Account Bonus

Looking for ways to get $500? Discover these fantastic bank bonus offers that let you score extra cash by opening a new checking account.

Millionaires Bank Account

When you've got a lot of money, keeping it safe becomes your number one priority. Here are a few banks that can help you with what you need.

Best Private Bank

Looking for a more personalized approach in handling your wealth? Take a look at the top private banks for high net worth individuals.

Largest Banks in the US

A list of the largest banks in the US was released. Which banks came out on top? Read on to find out, plus the benefits of working with a big bank.

$400 Checking Account Bonus

Did you know you can earn $400 by opening a new checking account? Learn how you can qualify and enjoy other rewards with these banks.

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.

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.

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.

Safest Banks in the US

When it comes to storing your money, you want the safest option. Keep reading to learn all about the safest banks in the U.S.