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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 3,000 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.

 US Bank
 Visit SiteLearn More
 

US Bank

Bank of America

SPECIAL OFFER
Easy Checking - $400 Bonus - Learn More

Read US Bank Review

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

Read Bank of America Review

 

Benefits and Features

Savings0.01% APY. Minimum deposit $25. Monthly maintenance fee $4, unless you have $300 minimum daily ledger balance OR $1,000 average monthly collected balance.
Check
CDStandard Term CD: 0.05% - 0.25% APY. Terms ranging from 1 month - 60 months. Minimum deposit of $500. Maximum deposit $249,999. CD Special: 0.15% APY - 0.75% APY. Terms of 17 month - 59 months. Minimum deposit of $1,000. Maximum deposit $249,999.
Check
CheckingEasy Checking, Gold Checking Package, Platinum Checking Package
Check
Money Market0.01% APY, depending on amount. Minimum opening deposit $100. Monthly maintenance fee $10 unless you have $10,000 daily ledger balance. 
Customer Service24/7 Live Customer Service (Telephone)
  • Mon-Fri: 8am - 9pm (ET)
  • Sat: 8am - 8pm (ET)
  • Sun: 8am - 5pm (ET)
ATMsMore than 4,700 ATMs across the country
Approximately 17,000 ATMs
IRA CD 
Check
IRA Money MarketMinimum opening deposit of $100 or $25 automatic monthly deposit. No monthly maintenance fees. 
LocationsMore than 3000 branches across the country.Approximately 4,300 retail financial centers
 

CreditDonkey® Reviews

 US Bank
SavingsStarStarStarEmpty StarEmpty StarStarStarStarEmpty StarEmpty Star
CDStarStarStarStarEmpty StarStarStarEmpty StarEmpty StarEmpty Star
CheckingStarStarStarEmpty StarEmpty StarStarStarHalf StarEmpty StarEmpty Star
Money MarketStarStarStarEmpty StarEmpty Star
Customer ServiceStarStarStarStarHalf StarStarStarStarStarEmpty Star
Mobile AppStarStarStarStarHalf StarStarStarStarStarHalf Star
Pros & ConsPros:
  • Promo CD with high APY
  • Free student account
  • 24/7 customer service
Cons:
  • High minimums to waive fees
  • Low savings APY
Pros:
  • Large branch network
  • Extended customer service hours
  • Full service banking
Cons:
  • No free checking option
  • Low interest rates
  • Many miscellaneous banking fees
Bottom LineBig national bank with wide array of services and many account options... 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.

US Bank: Pricing information from published website as of 03/8/2022 based on 91107 zip code.

Bank of America: Pricing information from published website as of 3/25/2022 based on 91107 zip code.

US Bank
Member FDIC

Easy Checking - $400 Bonus

Earn $400 when you open a new eligible U.S. Bank consumer checking account and complete qualifying activities, subject to certain terms and limitations. Offer valid through September 2, 2022. Member FDIC. Complete these steps within 60 days of opening your new Platinum, Gold or Easy checking account online:
  • Enroll in online banking or the U.S. Bank Mobile App.
  • Complete two or more direct deposits totaling $4,000 to earn $400
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
Expires 9/2/2022
US Bank
Member FDIC

Gold Checking - $400 Bonus

Earn $400 when you open a new eligible U.S. Bank consumer checking account and complete qualifying activities, subject to certain terms and limitations. Offer valid through September 2, 2022. Member FDIC. Complete these steps within 60 days of opening your new Platinum, Gold or Easy checking account online:
  • Enroll in online banking or the U.S. Bank Mobile App.
  • Complete two or more direct deposits totaling $4,000 to earn $400
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
Expires 9/2/2022
US Bank
Member FDIC

Platinum Checking - $400 Bonus

Earn $400 when you open a new eligible U.S. Bank consumer checking account and complete qualifying activities, subject to certain terms and limitations. Offer valid through September 2, 2022. Member FDIC. Complete these steps within 60 days of opening your new Platinum, Gold or Easy checking account online:
  • Enroll in online banking or the U.S. Bank Mobile App.
  • Complete two or more direct deposits totaling $4,000 to earn $400
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
Expires 9/2/2022

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

U.S. Bank is the 5th largest bank in the US, but does that make them a good bank for you? Do you need a large national bank or is a smaller bank more your style?

US Bank Routing Number

To transfer money in or out of your US Bank checking or savings account, you'll need the right routing number. Find your US Bank routing number 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.

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?





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