PNC Bank's rating is a B+, better than Wells Fargo or TD Bank, but it too gets low marks for its fees and customer satisfaction. The banks above are worth considering, but they're not your only options. The best banks for you are the ones that offer what you need from a financial services company.
Overall, if you're choosing between Chase and Bank of America, the better option for you will really depend on your personal banking needs and preferences. Both are big banks with thousands of branches and tens of thousands of ATMs. Chase offers a wider variety of accounts, though it is lacking in IRA options.
Who Is Bank of America Best For? Bank of America is best for customers who value ease of access over higher interest rates. It may be particularly good for customers who want to: ... Bank with an established bank that has many deposit and lending products.
Chase has a larger range of options, while BofA has slightly better rates on most of its accounts. They're both solid choices for customers who want a traditional banking experience, but you may want to consider online banks or comparing your options to find better features or higher rates.
The four banks with the largest number of banking-only complaints included Bank of America with 3,292 complaints followed by JP Morgan Chase (2,769), Wells Fargo & Company (2,324) and Citigroup (1,083).
Fed Approves First-Ever Chinese Purchase of US Bank
It is 70 percent owned by the Chinese government through CIC, the country's sovereign wealth fund and Huijin, a government run entity set up to invest in Chinese financial firms.
Citibank and Bank of America offer the most protection for their customers, each providing three additional dimensions of security.
The most consumer friendly bank in India is Corporation Bank, followed by State bank of India, Axis Bank and Central Bank of India.
Both banks cover a majority of states, though Wells Fargo has the edge over Bank of America when it comes to branch count. Both have multiple ways to contact customer service. Unless you need 24/7 access to customer service like Wells Fargo offers, the two banks are roughly on par with each other.
In 1987, Wells Fargo acquired the personal trust business of Bank of America.
The bottom line: JPMorgan Chase is the largest bank in the country and offers a robust menu of services and products. It provides mortgages, auto loans and one of the broadest selections of credit cards in the industry. And its website experience can compete with that of online-only banks.
Overall bank rating
Capital One stands out with one of the best combinations of online bank perks — no checking or savings fees, a competitive savings rate and high CD rates — and a brick-and-mortar presence. It offers a top-of-the-line bank experience with strong customer support and doesn't charge any overdraft fees.
PNC Bank has high overdraft fees but it also offers some easy, free ways to avoid them. If a transaction causes your account to go more than $5 negative, the fee is $36 per item and can be charged a maximum of four times per day.
Yes, PNC Bank, National Association is FDIC insured (FDIC# 6384).