US Bank vs Bank of America
US Bank is a big national bank with wide array of services and many account options. How does it compare to Bank of America? Read our comparison chart below.
US Bank has over 2,200 branches across 26 states. It has somewhat high minimum balance requirements to waive monthly checking account service fees. Their promotional CD Special offers high interest rates with a $1,000 minimum opening deposit.
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 US Bank with Bank of America, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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US Bank | Bank of America | |
|---|---|---|
U.S. Bank Smartly® Checking and Standard Savings - Up to $400 Bonus - | Bank of America Advantage Plus Banking® - $100 Bonus Offer - | |
Benefits and Features | ||
| Savings | 0.01% APY. Minimum deposit $25. Monthly maintenance fee $4, unless you have $300 minimum daily ledger balance OR $1,000 average monthly collected balance. |  |
| CD | Standard Term CD: 0.05% - 0.25% APY. Terms ranging from 1 month - 60 months. Minimum deposit of $500. Maximum deposit $249,999. | |
| Checking | | |
| Money Market | 0.01% APY, depending on amount. Minimum opening deposit $100. Monthly maintenance fee $10 unless you have $10,000 daily ledger balance. | |
| Customer Service | 24/7 Live Customer Service (Telephone) |
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| ATMs | More than 37,000 ATMs across the country | |
| IRA CD | | |
| IRA Money Market | Minimum opening deposit of $100 or $25 automatic monthly deposit. No monthly maintenance fees. | |
| Locations | More than 2200 branches across the country. | Approximately 3,800+ retail financial centers |
CreditDonkey® Reviews | ||
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| Savings |   | |
| CD | | |
| Checking | |  |
| Money Market | | |
| Customer Service | | |
| Mobile App | | |
| Pros & Cons | Pros:
| Pros:
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| Bottom Line | Big national bank with wide array of services and many account options... | National bank with widespread accessibility and wide range of services... |
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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. US Bank: Pricing information from published website as of 11/9/2022 based on 91107 zip code. Bank of America: Pricing information from published website as of 5/15/2023 based on 91107 zip code. | ||
U.S. Bank Smartly® Checking and Standard Savings - Up to $400 Bonus
Complete these steps within 90 days of opening your new Bank Smartly checking account online to earn $300:
- Enroll in online banking or the U.S. Bank Mobile App
- Complete two or more direct deposits of $5,000 or more
- Complete 10 or more debit card purchases totaling at least $100
Earn $100 when you open a new Standard Savings account, by June 20, 2023, complete deposit(s) of $15,000 or more by July 13, 2023 and maintain a total account balance of $15,000 until October 13, 2023.
Applicant must reside in AZ, AR, CA, CO, ID, IL, IN, IA, KS, KY, MN, MO, MT, NE, NV, NM, NC, ND, OH, OR, SD, TN, UT, WA, WI, WY to be eligible for Checking account
Silver Business Checking Package - Up to $750 Bonus
Earn up to $750 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q2AFL23 and complete qualifying activities1, subject to certain terms and limitations. Offer valid through June 30, 2023. Member FDIC. Complete these steps to earn the offer:
Earn your $500.
- Make a deposit of at least $5,000 in new money within 30 days of account opening and maintain the balance until the 60th day after account opening.
- Enroll in U.S. Bank business online banking or the U.S. Bank Mobile App within 60 days of account opening.
Earn your $750.
- Make a deposit of at least $15,000 in new money within 30 days of account opening and maintain the balance until the 60th day after account opening.
- Enroll in U.S. Bank business online banking or the U.S. Bank Mobile App within 60 days of account opening.
Gold Business Checking Package - Up to $750 Bonus
Earn up to $750 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q2AFL23 and complete qualifying activities1, subject to certain terms and limitations. Offer valid through June 30, 2023. Member FDIC. Complete these steps to earn the offer:
Earn your $500.
- Make a deposit of at least $5,000 in new money within 30 days of account opening and maintain the balance until the 60th day after account opening.
- Enroll in U.S. Bank business online banking or the U.S. Bank Mobile App within 60 days of account opening.
Earn your $750.
- Make a deposit of at least $15,000 in new money within 30 days of account opening and maintain the balance until the 60th day after account opening.
- Enroll in U.S. Bank business online banking or the U.S. Bank Mobile App within 60 days of account opening.
Which is Better: US Bank 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 US Bank or Chase.
In short: US Bank's cd is notable.
Articles on US Bank
US Bank Review
US Bank Routing Number
Articles on Bank of America
Bank of America Review
How to Close a Bank of America Account
Bank of America Hours
Bank of America Routing Number
Which Do You Think is Best?
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