Chase and Bank of America are the two largest banks in the United States, with Chase offering slightly lower minimum account requirements and more flexible checking options, while Bank of America provides broader branch availability and integrated wealth management services. Both institutions offer competitive rates, extensive ATM networks, and comprehensive digital banking platforms.
Chase vs Bank of America — Side-by-side comparison on A Versus B
Diversified financial institution with premium travel-focused credit card offerings.
Largest U.S. bank by assets ($3.45T) with global operations, 4,200+ branches, and comprehensive financial services.
Checking Account Minimums. Checking Account Variety. Physical Branch Network. ATM Network. Credit Card Rewards (Top Tier). Mobile App Users. Wealth Management Assets. Q1 2026 Net Income
Both Chase and Bank of America are equally reliable banking giants with distinct strengths. Choose Chase if you prioritize lower account minimums, better rewards programs, and innovative digital features, or Bank of America if you value extensive branch networks and comprehensive wealth management services. Your choice should depend on which services align best with your financial needs.
Chase: 21 with expansion plan | Bank of America: 165+ full financial centers
Chase: Chase Sapphire Preferred (3x points) | Bank of America: Bank of America Premium Rewards (1.5x points)
Chase: Not specified | Bank of America: $30 billion client interactions
Chase: Standard digital banking features | Bank of America: Advanced AI-personalized solutions
Chase: Chase Ultimate Rewards (10+ redemption categories) | Bank of America: Standard rewards catalog (5-7 categories)
Chase: 30+ states | Bank of America: 63 markets
Chase: Solid advisory offerings | Bank of America: Comprehensive wealth management focus
Chase: Highly rated, feature-rich | Bank of America: Highly rated with AI integration
Chase: Varies by account type ($500-$15,000) | Bank of America: Varies by account type ($500-$10,000)
Chase: Ranks higher across banking metrics | Bank of America: Competitive with digital strengths
Chase: Chase: $3.8T | Bank of America: BofA: $3.6T
Chase: 4,700 branches | Bank of America: 4,300 branches
Chase: 16,000+ ATMs | Bank of America: 16,000+ ATMs
Chase: 42 million users | Bank of America: 38 million users
Chase: 5% rotating categories | Bank of America: 3.5% preferred categories
Chase: $0 (most accounts) | Bank of America: $500-$2,500
Chase: $8.6 billion | Bank of America: $7.3 billion
Chase: $2.8 trillion | Bank of America: $2.9 trillion
Chase: Hyatt + Chase Travel only | Bank of America: N/A
Chase: Standard rates | Bank of America: N/A
Chase: 5+ categories | Bank of America: N/A
Chase: 1:1 Hyatt guarantee | Bank of America: N/A
Chase: Comprehensive (Sapphire) | Bank of America: N/A
Chase: 3-5x (category-based) | Bank of America: N/A
Chase: N/A | Bank of America: $35 per transaction
Chase: N/A | Bank of America: $2,935 billion
Chase: N/A | Bank of America: $0 per trade
Chase: N/A | Bank of America: 800+ funds
Chase: N/A | Bank of America: 4,200+ branches
Chase: N/A | Bank of America: $0 for brokerage
Chase: N/A | Bank of America: $3.2 trillion
Chase: N/A | Bank of America: $3.45 trillion
Chase: N/A | Bank of America: 724 points
Major Regulatory Enforcement Actions (2020-2025)
Average APY on Savings (High-Yield Savings)
Chase: N/A | Bank of America: 0.01% - 0.04%
Chase: N/A | Bank of America: 15.99% - 27.99%
Chase: N/A | Bank of America: 4,200 branches
Chase: N/A | Bank of America: 16,000 ATMs
Chase: N/A | Bank of America: $17.50 average
Chase: N/A | Bank of America: 4.1/5 stars
Chase: N/A | Bank of America: $12 (waivable)
Chase: N/A | Bank of America: Merrill Edge + full advisory
Chase: N/A | Bank of America: 5.24% - 9.99%
Customer Satisfaction Score (J.D. Power 2025)
How to choose between Chase and Bank of America
Chase vs Bank of America — Structured Comparison Data
Machine-readable comparison dataset for Chase vs Bank of America. Contains 72 attribute comparisons, 5 FAQ pairs.
Chase vs Bank of America — Attribute Category Vocabulary
Taxonomy of attribute categories used to classify comparison data for Chase vs Bank of America.
Chase typically offers more accounts with no minimum balance requirements and no monthly fees, making it more accessible for customers with lower balances. Bank of America requires higher minimums on most accounts to avoid monthly maintenance fees, though both waive fees with direct deposit.
Which bank offers better credit card rewards?
Chase offers superior credit card rewards programs, with cards like the Chase Freedom providing 5% cash back on rotating categories. Bank of America's rewards cards typically max out at 3.5% cash back on preferred categories, giving Chase the edge for rewards-focused consumers.
Both banks have extensive networks, but Chase has 4,700 branches while Bank of America has 4,300. However, Bank of America's branches are distributed to cover more rural areas. For ATM access, both offer 16,000+ ATMs nationwide, making them comparable.
Chase leads in digital innovation with its Erica® AI assistant handling 3.2 billion interactions and 42 million mobile app users. The platform offers more advanced features for investment and account management. Bank of America also has solid digital offerings but Chase's technology is generally considered more cutting-edge.
Both are among the most stable banks in the world. Chase has slightly higher total assets ($3.8 trillion vs $3.6 trillion) and Q1 2026 net income ($8.6 billion vs $7.3 billion), while Bank of America has slightly more wealth management assets ($2.9 trillion vs $2.8 trillion). Both are financially secure.
How to Choose Between Chase and Bank of America
Checking Account Minimums: Chase has No minimum on most accounts, while Bank of America has $500-$2,500 minimum.
Checking Account Variety: Chase has 8+ account types, while Bank of America has 6+ account types.
Physical Branch Network: Chase has 4,700 branches, while Bank of America has 4,300 branches.
ATM Network: Chase has 16,000+ ATMs, while Bank of America has 16,000+ ATMs.
Consider: Credit Card Rewards (Top Tier)
Credit Card Rewards (Top Tier): Chase has 5% on rotating categories, while Bank of America has 3.5% on preferred categories.
Mobile App Users: Chase has 42 million (Erica® AI integration), while Bank of America has 38 million.
Wealth Management Assets: Chase has $2.8 trillion, while Bank of America has $2.9 trillion.
Q1 2026 Net Income: Chase has $8.6 billion, while Bank of America has $7.3 billion.