What are the top 10 banks in the United States?
The 10 largest banks in the U.S. are Chase, Bank of America, Wells Fargo, Citibank, U.S. Bank,
| Ranking | Bank | Total Assets |
|---|---|---|
| 1 | JPMorgan Chase | $3.3 trillion |
| 2 | Bank of America | $2.4 trillion |
| 3 | Wells Fargo | $1.7 trillion |
| 4 | Citibank | $1.6 trillion |
- Best Banks of March 2024.
- Capital One Bank.
- Chase Bank.
- Axos Bank.
- Discover Bank.
- Synchrony Bank.
- TD Bank.
- Regions Bank.
JPMorgan Chase is the top largest bank in the US, with a balance sheet total of $3.31 trillion.
1. JP Morgan Private Bank. “J.P. Morgan Private Bank is known for its investment services, which makes them a great option for those with millionaire status,” Kullberg said. “With J.P. Morgan, each client is given access to a panel of experts, including experienced strategists, economists and advisors.”
The difference between the two is that PNC offers various banking tools, waivable monthly fees and opportunities for interest boosts, while Chase offers greater branch accessibility, sign-up bonuses and specifically tailored account options.
JPMorgan Chase, the financial institution that owns Chase Bank, topped our experts' list because it's designated as the world's most systemically important bank on the 2023 G-SIB list. This designation means it has the highest loss absorbency requirements of any bank, providing more protection against financial crisis.
- Ally Bank.
- Citizens Bank.
- Bank of the West.
- US Bank.
- SunTrust.
- Union Bank.
- Wells Fargo.
- HSBC.
Capital One and Chase both offer the banking basics, such as savings accounts, checking accounts and CDs. But Capital One has higher rates on its savings products than Chase, as well as fewer fees and less stringent minimum balance requirements.
What is the best Bank to use?
- Alliant Credit Union: Best credit union.
- Ally Bank: Best bank; best CDs.
- Charles Schwab Bank: Best for ATM access.
- Chase: Best for sign-up bonuses; best for branch access.
- Discover® Bank: Best online banking experience.
You're protected by Bank of America's $0 Liability Guarantee: Fraudulent transactions made using Bank of America credit and debit cards are covered as long as you report them promptly; please visit our account and card security page for additional details.
Chase maintains a strong digital footprint with its popular mobile app and online banking platform. Yet, it still offers an extensive local presence for individuals who prefer in-person banking services. If you can avoid the monthly fees, Chase is a solid option for your personal banking needs.
When your savings reaches $100,000, that's a milestone worth marking. In a world where 57% of Americans can't cover an unexpected $1,000 expense, having a six-figure savings account is commendable.
Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with $2.6 trillion in assets and operations worldwide.
Money coach and certified financial planner Ohan Kayikchyan says it can make sense for a household to maintain four accounts: one checking account for monthly recurring bills and another for variable expenses, plus one savings account for emergency funds and a second for other savings goals.
- JP MORGAN PRIVATE BANK. ...
- BANK OF AMERICA PRIVATE BANKING. ...
- CITI PRIVATE BANK. ...
- WELLS FARGO PRIVATE BANK. ...
- TD BANK PRIVATE BANK. ...
- GOLDMAN SACHS PRIVATE WEALTH MANAGEMENT. ...
- SANTANDER PRIVATE CLIENT. ...
- MORGAN STANLEY PRIVATE WEALTH MANAGEMENT.
Minimum balances aside, how much money can you have in a checking account? There is no maximum limit, but your checking account balance is only FDIC insured up to $250,000.
JPMorgan Chase: Based in New York City, and, with over$2.7 trillion in assets under management, JPMorgan Chase is one of the best private banks with a lot of different services and investment options available. JPMorgan was one of the banks that started the trend of tailoring their services toward the wealthy.
Chase Business Complete Banking
Chase charges a $34 overdraft fee and a 3% foreign transaction fee. There is a $3 charge for transactions made at ATMs outside of Chase Bank.
What are the disadvantages of PNC Bank?
- Overdraft fees: Most PNC checking accounts charge a $36 fee if you aren't opted into overdraft protection and overdraw your account by more than $5.
- Low savings APYs: The standard savings account pays little interest even at relationship rates.
PNC Bank is a member of the Federal Deposit Insurance Corporation (FDIC). The Federal Deposit Insurance Corporation (FDIC) is a federal agency organized in 1933 that insures depositors' accounts up to the insured amount at most commercial banks and savings associations.
- First Republic Bank (FRC) . Above average liquidity risk and high capital risk.
- Huntington Bancshares (HBAN) . Above average capital risk.
- KeyCorp (KEY) . Above average capital risk.
- Comerica (CMA) . ...
- Truist Financial (TFC) . ...
- Cullen/Frost Bankers (CFR) . ...
- Zions Bancorporation (ZION) .
Silicon Valley Bank (SVB), the 16th largest bank in the country, collapsed in a matter of days, followed by Signature Bank (SBNY) and First Republic Bank (FRB), marking the largest bank failures after Washington Mutual Bank in 2008.
- JPMORGAN CHASE. Member FDIC.
- U.S. BANK. U.S. Bank, also referred to as U.S. Bancorp, is a large bank based in Minneapolis, Minnesota, and currently stands as the fifth-largest banking institution in the U.S. ...
- PNC BANK. ...
- CITIBANK. ...
- WELLS FARGO. ...
- CAPITAL ONE. ...
- M&T BANK CORPORATION. ...
- AGRIBANK.
References
- https://wallethub.com/answers/cc/who-owns-bank-of-america-1000011-2140827712/
- https://www.law.cornell.edu/cfr/text/12/238.10
- https://en.wikipedia.org/wiki/Bank
- https://www.thehindubusinessline.com/money-and-banking/The-seven-lsquoPs-essential-for-marketing-of-bank-services/article20310257.ece
- https://www.kpmcpa.com/the-three-components-of-a-comprehensive-financial-statement/
- https://www.quora.com/Why-do-so-many-banks-have-First-in-the-name
- https://www.greenwich.com/press-release/large-us-companies-shopping-new-corporate-banks
- https://www.nerdwallet.com/article/banking/best-banks-and-credit-unions
- https://www.usnews.com/banking/articles/what-types-of-bank-accounts-are-there
- https://en.wikipedia.org/wiki/Bank_of_America_Private_Bank
- https://testbook.com/banking-awareness/functions-of-banks
- https://www.cnet.com/personal-finance/banking/advice/the-biggest-banks-in-the-us/
- https://www.usnews.com/banking/reviews/jpmorgan-chase-bank
- https://www.cadwalader.com/resources/clients-friends-memos/rightsizing-regulation-us-banking-agencies-release-tailoring-proposals-and-regional-banks-are-the-winners
- https://vault.com/industries/commercial-banking/structure
- https://www.linkedin.com/pulse/analysis-brac-banks-marketing-mix-through-lens-seven-ps-farin-sabrina
- https://www.usnews.com/banking/articles/biggest-banks-in-america
- https://www.moneyhelper.org.uk/en/everyday-money/banking/basic-bank-accounts
- https://www.federalreservehistory.org/essays/federal-reserve-banks
- https://byjus.com/govt-exams/functions-of-bank/
- https://portal.ct.gov/DOB/Consumer/Consumer-Education/ABCs-of-Banking---Banks-and-Our-Economy
- https://www.equifax.com/personal/education/credit/score/articles/-/learn/what-is-a-good-credit-score/
- https://www.lifestoryresearch.com/2022-americas-most-trusted-retail-bank
- https://www.consumerfinance.gov/ask-cfpb/what-is-an-overdraft-en-1035/
- https://www.consumerfinance.gov/about-us/newsroom/cfpb-orders-bank-of-america-to-pay-12-million-for-reporting-false-mortgage-data/
- https://www.extension.iastate.edu/agdm/wholefarm/html/c3-19.html
- https://finance.yahoo.com/news/bank-america-corp-bac-company-051326625.html
- https://www.chegg.com/homework-help/questions-and-answers/following-one-three-primary-financial-statements-income-statement-balance-sheet-statement--q120959084
- https://smartasset.com/checking-account/pnc-vs-chase
- https://www.linkedin.com/pulse/how-many-banks-globally-david-gyori
- https://www.investopedia.com/terms/b/bank.asp
- https://www.cubesoftware.com/blog/three-financial-statements
- https://westernunion.helpshift.com/hc/en/6-wu-australia-au/faq/4930-what-is-a-bank-code-how-do-i-find-my-receiver-s-bank-code/
- https://www.fool.com/investing/2016/12/26/1-reason-bank-of-americas-stock-price-is-still-so.aspx
- https://www.cliffsnotes.com/study-guides/accounting/accounting-principles-i/principles-of-accounting/understanding-financial-statements
- https://www.marketwatch.com/guides/banking/bank-of-america-review/
- https://www.cnb.com/personal-banking/insights/types-of-bank-accounts.html
- https://www.patriotsoftware.com/blog/accounting/what-is-owners-equity/
- https://www.investopedia.com/terms/c/capitalrequirement.asp
- https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/ap-financial-sector/financial-assets-ap/a/lesson-summary-financial-assets
- https://mergerscorp.com/wp-content/uploads/2020/10/HOW-MUCH-MONEY-IS-NEEDED-TO-BUY-A-BANK.pdf
- https://investor.bankofamerica.com/profile
- https://www.marketwatch.com/guides/banking/largest-banks-in-the-us/
- https://wise.com/us/blog/bank-of-america-reviews
- https://www.usnews.com/banking/articles/how-many-bank-accounts-should-i-have
- https://online.mason.wm.edu/blog/four-types-of-financial-statements
- https://www.forbes.com/advisor/banking/chase-bank-review/
- https://strategiccfo.com/articles/banking-financing/5-cs-of-credit-5-cs-of-banking/
- https://privatebank.jpmorgan.com/nam/en/insights/wealth-planning/jp-morgan-private-bank-is-named-2024s-worlds-best-private-bank-for-the-fifth-year-in-a-row
- https://smartasset.com/checking-account/how-the-rich-bank-differently-from-the-rest-of-us
- https://www.insiderintelligence.com/insights/largest-banks-us-list/
- https://www.studysmarter.co.uk/explanations/macroeconomics/financial-sector/financial-intermediaries/
- https://www.thestreet.com/personal-finance/banks-most-at-risk-morningstar
- https://www.investopedia.com/articles/investing/022416/why-banks-dont-need-your-money-make-loans.asp
- https://www.bankofamerica.com/security-center/faq/data-compromise/
- https://www.bankoflabor.com/four-cs-of-credit/
- https://www.investopedia.com/terms/a/accounting-equation.asp
- https://www.forbes.com/advisor/banking/safest-banks-in-the-us/
- https://www.usatoday.com/money/blueprint/banking/capital-one-vs-chase/
- https://homework.study.com/explanation/which-of-the-following-is-not-one-of-the-four-basic-financial-statements-a-balance-sheet-b-statement-of-cash-flows-c-retained-earnings-statement-d-income-statement.html
- https://www.fool.com/the-ascent/banks/checking-accounts/how-much-should-i-keep-in-my-checking-account/
- https://en.wikipedia.org/wiki/Bank_of_America
- https://www.noradarealestate.com/blog/is-bank-of-america-in-trouble/
- https://wallethub.com/answers/ca/what-is-bank-of-america-now-called-2140812240/
- https://www.investopedia.com/articles/markets/093014/how-wells-fargo-became-biggest-bank-america.asp
- https://www.forbes.com/advisor/banking/most-popular-banks-by-state/
- https://www.mx.com/blog/biggest-banks-by-asset-size-united-states/
- https://quizlet.com/214371679/accounting-and-the-3-financial-statements-flash-cards/
- https://www.investopedia.com/terms/f/financial-statements.asp
- https://www.forbesindia.com/article/explainers/the-10-largest-banks-in-the-world/86967/1
- https://germanna.edu/sites/default/files/2022-05/Accounting%20Financial%20Statements.pdf
- https://www.emarketer.com/insights/largest-banks-us-list/
- https://blog.peakflo.co/en/learning-center/small-business-financial-statements
- https://www.advantiscu.org/about/why-are-credit-unions-safer-than-banks
- https://www.investopedia.com/terms/l/level3_assets.asp
- https://ift.world/concept1/concept-86-four-cs-capacity-collateral-covenants-character-traditional-credit-analysis/
- https://www.thehardinggroup.biz/blog/order-financial-statements/
- https://www.quora.com/How-do-I-check-if-a-bank-account-is-current-or-savings
- https://www.hdfcbank.com/personal/resources/learning-centre/save/why-opening-multiple-savings-account-is-good
- https://byjus.com/ias-questions/what-are-the-5-most-important-banking-services/
- https://www.bench.co/blog/accounting/net-income-formula
- https://groww.in/banking
- https://www.creditdonkey.com/millionaires-bank-account.html
- https://en.wikipedia.org/wiki/List_of_largest_banks
- https://www.ultratrust.com/private-banks.html
- https://www.pnc.com/en/personal-banking/banking/services/federal-deposit-insurance.html
- https://www.privatebank.bankofamerica.com/articles/private-bank-awards.html
- https://www.worldbank.org/en/news/feature/2012/07/26/getting_to_know_theworldbank
- https://courses.lumenlearning.com/suny-finaccounting/chapter/financial-statements/
- https://en.wikipedia.org/wiki/List_of_largest_banks_in_the_United_States
- https://www.hdfcbank.com/personal/resources/learning-centre/save/types-of-bank-accounts
- https://www.oregonianscu.com/PDFs/business/Components%20of%20a%20Business%20Balance%20Sheet.pdf
- https://www.jisort.com/blog/types-of-banks-in-nepal/
- https://www.openriskmanual.org/wiki/Stage_3_Assets
- https://www.forbes.com/advisor/banking/bank-of-america-review/
- https://www.pnc.com/en/about-pnc/company-profile/legacy-project/corporate-history.html
- https://www.forbes.com/advisor/banking/how-do-banks-work/
- https://www.marketwatch.com/guides/banking/pnc-review/
- https://finance.yahoo.com/news/4-most-popular-banks-millionaires-150054420.html
- https://www.bloomberg.com/news/features/2023-04-13/america-s-smallest-bank-is-kentland-federal-savings-and-loan
- https://www.forbes.com/advisor/banking/largest-banks-in-the-us/
- https://newsroom.bankofamerica.com/content/newsroom/company-overview.html
- https://dictionary.cambridge.org/dictionary/english/bank
- https://www.businessinsider.com/personal-finance/best-banks
- https://bettermoneyhabits.bankofamerica.com/en/personal-banking/the-difference-between-checking-and-savings-account
- https://www.privatebank.bankofamerica.com/solutions/banking.html
- https://www.investopedia.com/articles/investing/102413/cash-flow-statement-reviewing-cash-flow-operations.asp
- https://www.creditdonkey.com/safest-banks-in-the-us.html
- https://www.nasdaq.com/articles/5-things-you-shouldnt-do-when-your-savings-reaches-$100000
- https://groww.in/blog/how-do-banks-make-money
- https://www.nerdwallet.com/article/banking/largest-banks-in-the-us
- https://www.docuclipper.com/blog/bank-transactions/
- https://www.linkedin.com/pulse/i-want-own-bank-how-much-capital-would-need-start-mergerscorp
- https://www.nrbcommercialbank.com/downloads/Bank_Its%20Origin,%20Meaning,%20Objectives%20&%20Function.pdf
- https://www.investopedia.com/articles/markets/090915/who-are-bank-americas-main-competitors.asp
- https://www.forbes.com/sites/theyec/2023/05/22/three-financial-statements-that-every-business-owner-needs-to-understand/
- https://www.toppr.com/ask/question/what-is-a-bank-explain-briefly/
- https://en.wikipedia.org/wiki/History_of_banking
- https://homework.study.com/explanation/the-basic-financial-statements-include-all-of-the-following-except-a-balance-sheet-b-income-statement-c-statement-of-retained-earnings-d-statement-of-cash-flows-e-statement-of-changes-in-assets.html
- https://www.investopedia.com/articles/insights/052616/top-4-bank-america-shareholders-bac.asp
- https://www.indeed.com/career-advice/career-development/what-are-deposits
- https://www.wikihow.com/Open-a-Bank
- https://www.idealsvdr.com/blog/best-investment-bankers-in-the-world/
- https://www.imf.org/en/Publications/global-financial-stability-notes/Issues/2024/03/04/The-US-Banking-Sector-since-the-March-2023-Turmoil-Navigating-the-Aftermath-544809
- https://www.globalcitizensolutions.com/safest-banks-us/
