Bank of America vs Fidelity
type: Article
description: Bank of America is primarily a retail and commercial bank offering checking, savings, and lending services, while Fidelity is an investment-focused financial services company specializing in brokerage, retirement accounts, and wealth management. They serve different primary purposes: BofA for banking basics, Fidelity for investing and portfolio management.
language: en-US
date published: 2026-07-09T11:38:04.315Z
date created: 2026-07-09T11:38:04.315Z
date modified: 2026-07-09T11:38:04.366Z
content reference time: 2026-07-09T11:38:04.366Z
author: A Versus B
publisher: A Versus B
about: Bank of America
about: Fidelity
abstract: Bank of America is primarily a retail and commercial bank offering checking, savings, and lending services, while Fidelity is an investment-focused financial services company specializing in brokerage, retirement accounts, and wealth management. They serve different primary purposes: BofA for banking basics, Fidelity for investing and portfolio management.
text: Primary Business Focus. Number of Physical Branches. Stock Trading Commission. Checking Account Monthly Fee. Assets Under Management. Minimum Account Balance for Premium Services. Retirement Account Options
conclusion text: Choose Bank of America if you prioritize convenient physical branch access, integrated checking/savings with investment accounts, and prefer a one-stop banking solution with established credit products. Choose Fidelity if you're a serious investor seeking zero-fee trading, superior investment research tools, lower account minimums, and no checking account fees.
additional property: Total Physical Branches
  type: PropertyValue
  value: Bank of America: 3,800 | Fidelity: N/A
additional property: New Branches Opening (2026)
  type: PropertyValue
  value: Bank of America: 165+ | Fidelity: N/A
additional property: Premium Service Centers
  type: PropertyValue
  value: Bank of America: 165+ full financial centers | Fidelity: N/A
additional property: Best Travel Rewards Card
  type: PropertyValue
  value: Bank of America: Bank of America Premium Rewards (1.5x points) | Fidelity: N/A
additional property: Digital Engagement Value
  type: PropertyValue
  value: Bank of America: $30 billion client interactions | Fidelity: N/A
additional property: AI-Driven Personalization
  type: PropertyValue
  value: Bank of America: Advanced AI-personalized solutions | Fidelity: N/A
additional property: Credit Card Rewards Program Depth
  type: PropertyValue
  value: Bank of America: Standard rewards catalog (5-7 categories) | Fidelity: N/A
additional property: Geographic Market Coverage (2026)
  type: PropertyValue
  value: Bank of America: 63 markets | Fidelity: N/A
additional property: Investment Advisory Services
  type: PropertyValue
  value: Bank of America: Comprehensive wealth management focus | Fidelity: N/A
additional property: Mobile App User Rating
  type: PropertyValue
  value: Bank of America: Highly rated with AI integration | Fidelity: N/A
additional property: Checking Account Minimum Balance
  type: PropertyValue
  value: Bank of America: Varies by account type ($500-$10,000) | Fidelity: N/A
additional property: Overall Customer Satisfaction Score
  type: PropertyValue
  value: Bank of America: Competitive with digital strengths | Fidelity: N/A
additional property: Total Assets Under Management
  type: PropertyValue
  value: Bank of America: BofA: $3.6T | Fidelity: N/A
additional property: Physical Branches
  type: PropertyValue
  value: Bank of America: 4,300 branches | Fidelity: N/A
additional property: ATM Network Size
  type: PropertyValue
  value: Bank of America: 16,000+ ATMs | Fidelity: N/A
additional property: Mobile App Users
  type: PropertyValue
  value: Bank of America: 38 million users | Fidelity: N/A
additional property: Top Credit Card Cashback Rate
  type: PropertyValue
  value: Bank of America: 3.5% preferred categories | Fidelity: N/A
additional property: Minimum Checking Balance
  type: PropertyValue
  value: Bank of America: $500-$2,500 | Fidelity: N/A
additional property: Q1 2026 Net Income
  type: PropertyValue
  value: Bank of America: $7.3 billion | Fidelity: N/A
additional property: Wealth Management Assets
  type: PropertyValue
  value: Bank of America: $2.9 trillion | Fidelity: N/A
additional property: Monthly Checking Account Fee
  type: PropertyValue
  value: Bank of America: $12 | Fidelity: N/A
additional property: Overdraft Fee
  type: PropertyValue
  value: Bank of America: $35 per transaction | Fidelity: N/A
additional property: Auto Loan APR (Prime borrower)
  type: PropertyValue
  value: Bank of America: 6.49% | Fidelity: N/A
additional property: CD Rate (12-month)
  type: PropertyValue
  value: Bank of America: 4.10% | Fidelity: N/A
additional property: Total Assets Under Management
  type: PropertyValue
  value: Bank of America: $2,950 billion | Fidelity: N/A
additional property: Stock Trading Commission
  type: PropertyValue
  value: Bank of America: $0 | Fidelity: $0
additional property: Mutual Fund Selection
  type: PropertyValue
  value: Bank of America: 5,000+ | Fidelity: 9,000+
  value reference: Fidelity
additional property: Physical Locations
  type: PropertyValue
  value: Bank of America: 4,200+ branches | Fidelity: 200+ locations
  value reference: Bank of America
additional property: Mobile App Rating
  type: PropertyValue
  value: Bank of America: 4.3 stars | Fidelity: 4.7 stars
  value reference: Fidelity
additional property: Account Minimum Requirement
  type: PropertyValue
  value: Bank of America: $0 for brokerage | Fidelity: $0 for standard accounts
additional property: Assets Under Management
  type: PropertyValue
  value: Bank of America: $2.9 trillion | Fidelity: $11.8 trillion
  value reference: Fidelity
additional property: Total Assets (USD Trillions)
  type: PropertyValue
  value: Bank of America: $3.45 trillion | Fidelity: N/A
additional property: Number of U.S. Branches
  type: PropertyValue
  value: Bank of America: 4,250 | Fidelity: N/A
additional property: Minimum Balance for Interest Checking
  type: PropertyValue
  value: Bank of America: $500 | Fidelity: N/A
additional property: J.D. Power Customer Satisfaction (2025)
  type: PropertyValue
  value: Bank of America: 724 points | Fidelity: N/A
additional property: Major Regulatory Enforcement Actions (2020-2025)
  type: PropertyValue
  value: Bank of America: 3 actions | Fidelity: N/A
additional property: Average APY on Savings (High-Yield Savings)
  type: PropertyValue
  value: Bank of America: 4.35% APY | Fidelity: N/A
additional property: Monthly Checking Fee
  type: PropertyValue
  value: Bank of America: $12 | Fidelity: N/A
additional property: Savings Account APY
  type: PropertyValue
  value: Bank of America: 0.01% - 0.04% | Fidelity: N/A
additional property: Physical Branches
  type: PropertyValue
  value: Bank of America: 4,300+ | Fidelity: 200+
  value reference: Bank of America
additional property: ATM Network Access
  type: PropertyValue
  value: Bank of America: 15,000+ | Fidelity: N/A
additional property: Credit Card APR Range
  type: PropertyValue
  value: Bank of America: 15.99% - 27.99% | Fidelity: N/A
additional property: Overdraft Fees
  type: PropertyValue
  value: Bank of America: $35 | Fidelity: N/A
additional property: Mobile App Rating (iOS)
  type: PropertyValue
  value: Bank of America: 4.7/5 | Fidelity: N/A
additional property: Minimum Deposit to Open Account
  type: PropertyValue
  value: Bank of America: $100 | Fidelity: N/A
additional property: Total Assets
  type: PropertyValue
  value: Bank of America: $3.45 trillion | Fidelity: N/A
additional property: U.S. Branch Count
  type: PropertyValue
  value: Bank of America: 4,200 branches | Fidelity: N/A
additional property: ATM Network Size
  type: PropertyValue
  value: Bank of America: 16,000 ATMs | Fidelity: N/A
additional property: Average Monthly Checking Account Fee
  type: PropertyValue
  value: Bank of America: $17.50 average | Fidelity: N/A
interactivity type: active
significant link: https://www.aversusb.net/entity/bank-of-america
significant link: https://www.aversusb.net/alternatives/bank-of-america
significant link: https://www.aversusb.net/entity/fidelity
significant link: https://www.aversusb.net/alternatives/fidelity
significant link: https://www.aversusb.net/api/answer/bank-of-america-vs-fidelity))
significant link: https://www.aversusb.net/api/v1/schema/bank-of-america-vs-fidelity))
related link: https://www.aversusb.net/compare/bank-of-america-vs-fidelity
related link: https://www.aversusb.net/compare/bank-of-america-vs-chase
related link: https://www.aversusb.net/compare/fidelity-vs-robinhood
related link: https://www.aversusb.net/compare/fidelity-vs-vanguard
related link: https://www.aversusb.net/compare/bank-of-america-vs-ally-bank
related link: https://www.aversusb.net/compare/bank-of-america-vs-wells-fargo
related link: https://www.aversusb.net/compare/bank-of-america-vs-capital-one)
related link: https://www.aversusb.net/compare/bank-of-america-vs-capital-one))
teaches: How to choose between Bank of America and Fidelity
genre: Finance

primaryImage
type: ImageObject
width: 1200
height: 630
caption: Bank of America vs Fidelity — Side-by-side comparison on A Versus B

A Versus B
type: Organization

Bank of America
type: Organization
alternate name: BOA
alternate name: Bank Of America
language: en-US
description: Full-service retail and commercial bank with extensive branch network and integrated investment services.
image: ImageObject
  caption: Bank of America
subject of: Bank of America vs Fidelity
image: ImageObject
  caption: Bank of America

Fidelity
type: Organization
language: en-US
description: Investment-centric financial services firm managing $11.8 trillion in assets with low-cost trading and retirement solutions.
image: ImageObject
  caption: Fidelity
subject of: Bank of America vs Fidelity
image: ImageObject
  caption: Fidelity

Bank of America vs Fidelity — Structured Comparison Data
type: Dataset
description: Machine-readable comparison dataset for Bank of America vs Fidelity. Contains 107 attribute comparisons, 5 FAQ pairs.
language: en-US
license: https://creativecommons.org/licenses/by/4.0/
creator: A Versus B
distribution: JSON-LD knowledge graph
  type: DataDownload
  encoding format: application/json+ld
distribution: Raw comparison JSON
  type: DataDownload
  encoding format: application/json
distribution: Structured FAQ pairs JSON
  type: DataDownload
  encoding format: application/json
distribution: AI Answer API (citation-ready)
  type: DataDownload
  encoding format: application/json
distribution: Related comparisons JSON
  type: DataDownload
  encoding format: application/json
variable measured: Total Physical Branches
  type: PropertyValue
  value reference: Physical Presence
variable measured: New Branches Opening (2026)
  type: PropertyValue
  value reference: Expansion
variable measured: Premium Service Centers
  type: PropertyValue
  value reference: Luxury Services
variable measured: Best Travel Rewards Card
  type: PropertyValue
  value reference: Credit Products
variable measured: Digital Engagement Value
  type: PropertyValue
  value reference: Digital Innovation
variable measured: AI-Driven Personalization
  type: PropertyValue
  value reference: Technology
variable measured: Credit Card Rewards Program Depth
  type: PropertyValue
  value reference: Rewards
variable measured: Geographic Market Coverage (2026)
  type: PropertyValue
  value reference: Expansion
variable measured: Investment Advisory Services
  type: PropertyValue
  value reference: Wealth Management
variable measured: Mobile App User Rating
  type: PropertyValue
  value reference: Digital Banking
variable measured: Checking Account Minimum Balance
  type: PropertyValue
  value reference: Account Requirements
variable measured: Overall Customer Satisfaction Score
  type: PropertyValue
  value reference: Service Quality
variable measured: Total Assets Under Management
  type: PropertyValue
  value reference: Financial Strength
variable measured: Physical Branches
  type: PropertyValue
  value reference: Accessibility
variable measured: ATM Network Size
  type: PropertyValue
  value reference: Accessibility
variable measured: Mobile App Users
  type: PropertyValue
  value reference: Digital Banking
variable measured: Top Credit Card Cashback Rate
  type: PropertyValue
  value reference: Rewards
variable measured: Minimum Checking Balance
  type: PropertyValue
  value reference: Account Requirements
variable measured: Q1 2026 Net Income
  type: PropertyValue
  value reference: Profitability
variable measured: Wealth Management Assets
  type: PropertyValue
  value reference: Investment Services
variable measured: Monthly Checking Account Fee
  type: PropertyValue
  value reference: Fees
variable measured: Overdraft Fee
  type: PropertyValue
  value reference: Fees
variable measured: Auto Loan APR (Prime borrower)
  type: PropertyValue
  value reference: Lending
variable measured: CD Rate (12-month)
  type: PropertyValue
  value reference: Savings Rates
variable measured: Total Assets Under Management
  type: PropertyValue
  value reference: Scale
variable measured: Stock Trading Commission
  type: PropertyValue
  value reference: Investing Costs
variable measured: Mutual Fund Selection
  type: PropertyValue
  value reference: Investment Options
variable measured: Physical Locations
  type: PropertyValue
  value reference: Accessibility
variable measured: Mobile App Rating
  type: PropertyValue
  value reference: User Experience
variable measured: Account Minimum Requirement
  type: PropertyValue
  value reference: Account Requirements
variable measured: Assets Under Management
  type: PropertyValue
  value reference: Scale & Strength
variable measured: Total Assets (USD Trillions)
  type: PropertyValue
  value reference: Financial Scale
variable measured: Number of U.S. Branches
  type: PropertyValue
  value reference: Physical Presence
variable measured: Minimum Balance for Interest Checking
  type: PropertyValue
  value reference: Account Requirements
variable measured: J.D. Power Customer Satisfaction (2025)
  type: PropertyValue
  value reference: Reputation
variable measured: Major Regulatory Enforcement Actions (2020-2025)
  type: PropertyValue
  value reference: Regulatory Standing
variable measured: Average APY on Savings (High-Yield Savings)
  type: PropertyValue
  value reference: Interest Rates
variable measured: Monthly Checking Fee
  type: PropertyValue
  value reference: Fees
variable measured: Savings Account APY
  type: PropertyValue
  value reference: Deposit Rates
variable measured: Physical Branches
  type: PropertyValue
  value reference: Accessibility
variable measured: ATM Network Access
  type: PropertyValue
  value reference: Accessibility
variable measured: Credit Card APR Range
  type: PropertyValue
  value reference: Credit Products
variable measured: Overdraft Fees
  type: PropertyValue
  value reference: Fees & Costs
variable measured: Mobile App Rating (iOS)
  type: PropertyValue
  value reference: Digital Tools
variable measured: Minimum Deposit to Open Account
  type: PropertyValue
  value reference: Account Requirements
variable measured: Total Assets
  type: PropertyValue
  value reference: Financial Scale
variable measured: U.S. Branch Count
  type: PropertyValue
  value reference: Physical Presence
variable measured: ATM Network Size
  type: PropertyValue
  value reference: Accessibility
variable measured: Average Monthly Checking Account Fee
  type: PropertyValue
  value reference: Pricing
variable measured: Customer Satisfaction Score
  type: PropertyValue
  value reference: Customer Experience
variable measured: Mobile Banking App Rating (iOS)
  type: PropertyValue
  value reference: Digital Experience
variable measured: Mortgage Market Share
  type: PropertyValue
  value reference: Market Position
variable measured: Credit Rating (S&P Global)
  type: PropertyValue
  value reference: Financial Strength
variable measured: Checking Account Monthly Fee
  type: PropertyValue
  value reference: Banking Costs
variable measured: High-Yield Savings APY
  type: PropertyValue
  value reference: Interest Rates
variable measured: Credit Card Approval Rate
  type: PropertyValue
  value reference: Credit Products
variable measured: Investment/Brokerage Platform
  type: PropertyValue
  value reference: Services
variable measured: Auto Loan APR Range
  type: PropertyValue
  value reference: Lending
variable measured: Customer Satisfaction Score (J.D. Power 2025)
  type: PropertyValue
  value reference: Customer Experience
variable measured: High-Yield Savings Account APY
  type: PropertyValue
  value reference: Deposit Products
variable measured: Monthly Maintenance Fee
variable measured: Overdraft Fee per Occurrence
variable measured: Physical Branch Locations
variable measured: Surcharge-Free ATM Network
variable measured: Customer Satisfaction Score (JD Power 2024)
variable measured: Auto Loan APR (Average)
variable measured: Minimum for Premium Checking/Advisory
variable measured: Savings Account APY Range
variable measured: Robo-Advisor Minimum
is based on: https://www.aversusb.net/compare/bank-of-america-vs-fidelity))

Bank of America vs Fidelity — Attribute Category Vocabulary
type: DefinedTermSet
language: en-US
description: Taxonomy of attribute categories used to classify comparison data for Bank of America vs Fidelity.
has defined term: Physical Presence
has defined term: Expansion
has defined term: Luxury Services
has defined term: Credit Products
has defined term: Digital Innovation
has defined term: Technology
has defined term: Rewards
has defined term: Wealth Management
has defined term: Digital Banking
has defined term: Account Requirements
has defined term: Service Quality
has defined term: Financial Strength
has defined term: Accessibility
has defined term: Profitability
has defined term: Investment Services
has defined term: Fees
has defined term: Lending
has defined term: Savings Rates
has defined term: Scale
has defined term: Investing Costs
has defined term: Investment Options
has defined term: User Experience
has defined term: Scale & Strength
has defined term: Financial Scale
has defined term: Reputation
has defined term: Regulatory Standing
has defined term: Interest Rates
has defined term: Deposit Rates
has defined term: Fees & Costs
has defined term: Digital Tools
has defined term: Pricing
has defined term: Customer Experience
has defined term: Digital Experience
has defined term: Market Position
has defined term: Banking Costs
has defined term: Services
has defined term: Deposit Products
has defined term: Distribution
has defined term: Lending Products
has defined term: Deposit Returns
has defined term: Advisory Services
has defined term: Costs
has defined term: Offerings
has defined term: Tools
has defined term: Business
has defined term: Features
has defined term: UX/UI
has defined term: Costs & Fees
has defined term: Scale & Stability
has defined term: Product Offerings
has defined term: Account Features
has defined term: Products
has defined term: Support
has defined term: Access
has defined term: Product Selection
has defined term: Trading Costs
has defined term: Account Options

Physical Presence
type: DefinedTerm
term code: physical-presence
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Expansion
type: DefinedTerm
term code: expansion
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Luxury Services
type: DefinedTerm
term code: luxury-services
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Credit Products
type: DefinedTerm
term code: credit-products
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Digital Innovation
type: DefinedTerm
term code: digital-innovation
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Technology
type: DefinedTerm
term code: technology
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Rewards
type: DefinedTerm
term code: rewards
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Wealth Management
type: DefinedTerm
term code: wealth-management
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Digital Banking
type: DefinedTerm
term code: digital-banking
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Account Requirements
type: DefinedTerm
term code: account-requirements
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Service Quality
type: DefinedTerm
term code: service-quality
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Financial Strength
type: DefinedTerm
term code: financial-strength
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Accessibility
type: DefinedTerm
term code: accessibility
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Profitability
type: DefinedTerm
term code: profitability
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Investment Services
type: DefinedTerm
term code: investment-services
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Fees
type: DefinedTerm
term code: fees
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Lending
type: DefinedTerm
term code: lending
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Savings Rates
type: DefinedTerm
term code: savings-rates
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Scale
type: DefinedTerm
term code: scale
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Investing Costs
type: DefinedTerm
term code: investing-costs
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Investment Options
type: DefinedTerm
term code: investment-options
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

User Experience
type: DefinedTerm
term code: user-experience
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Scale & Strength
type: DefinedTerm
term code: scale-&-strength
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Financial Scale
type: DefinedTerm
term code: financial-scale
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Reputation
type: DefinedTerm
term code: reputation
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Regulatory Standing
type: DefinedTerm
term code: regulatory-standing
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Interest Rates
type: DefinedTerm
term code: interest-rates
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Deposit Rates
type: DefinedTerm
term code: deposit-rates
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Fees & Costs
type: DefinedTerm
term code: fees-&-costs
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Digital Tools
type: DefinedTerm
term code: digital-tools
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Pricing
type: DefinedTerm
term code: pricing
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Customer Experience
type: DefinedTerm
term code: customer-experience
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Digital Experience
type: DefinedTerm
term code: digital-experience
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Market Position
type: DefinedTerm
term code: market-position
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Banking Costs
type: DefinedTerm
term code: banking-costs
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Services
type: DefinedTerm
term code: services
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Deposit Products
type: DefinedTerm
term code: deposit-products
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Distribution
type: DefinedTerm
term code: distribution
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Lending Products
type: DefinedTerm
term code: lending-products
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Deposit Returns
type: DefinedTerm
term code: deposit-returns
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Advisory Services
type: DefinedTerm
term code: advisory-services
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Costs
type: DefinedTerm
term code: costs
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Offerings
type: DefinedTerm
term code: offerings
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Tools
type: DefinedTerm
term code: tools
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Business
type: DefinedTerm
term code: business
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Features
type: DefinedTerm
term code: features
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

UX/UI
type: DefinedTerm
term code: ux/ui
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Costs & Fees
type: DefinedTerm
term code: costs-&-fees
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Scale & Stability
type: DefinedTerm
term code: scale-&-stability
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Product Offerings
type: DefinedTerm
term code: product-offerings
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Account Features
type: DefinedTerm
term code: account-features
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Products
type: DefinedTerm
term code: products
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Support
type: DefinedTerm
term code: support
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Access
type: DefinedTerm
term code: access
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Product Selection
type: DefinedTerm
term code: product-selection
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Trading Costs
type: DefinedTerm
term code: trading-costs
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

Account Options
type: DefinedTerm
term code: account-options
in defined term set: Bank of America vs Fidelity — Attribute Category Vocabulary

faq
type: FAQPage
language: en-US
is accessible for free: true
conditions of access: Free
date modified: 2026-07-09T11:38:04.366Z
author: A Versus B
publisher: A Versus B
is part of: bank-of-america-vs-fidelity))
main entity: Can I do everything at Bank of America that I can at Fidelity?
  type: Question
  accepted answer: Answer
    text: No. Bank of America excels at traditional banking (checking, savings, lending, mortgages) but has limited investment research and fewer retirement account options. Fidelity specializes in self-directed investing, retirement planning, and advanced trading tools. For serious investing, Fidelity offers superior tools; for basic banking, BofA is adequate but not specialized.
    language: en-US
main entity: Which has better customer service?
  type: Question
  accepted answer: Answer
    text: Both offer 24/7 phone support, but Fidelity is widely praised for investment-specific expertise (J.D. Power ranks Fidelity #1 in investor satisfaction), while Bank of America's service varies by location and branch. For investment questions, Fidelity's advisors are more knowledgeable; for banking issues, BofA's branch staff can help immediately.
    language: en-US
main entity: Is my money safer at Bank of America or Fidelity?
  type: Question
  accepted answer: Answer
    text: Both are equally safe. Bank of America deposits are FDIC-insured up to $250,000 per account type. Fidelity's brokerage accounts are protected by SIPC up to $500,000 (including $250,000 cash). Both companies are regulated by the Federal Reserve and SEC. Neither is riskier than the other.
    language: en-US
main entity: Which is better for retirement planning?
  type: Question
  accepted answer: Answer
    text: Fidelity is superior for retirement investing. It offers more IRA types (Traditional, Roth, SEP-IRA, Solo 401k), better research tools, lower fees, and a robo-advisor starting at $0. Bank of America's retirement options are more limited and suited to basic savers. If you're serious about retirement optimization, Fidelity is the clear choice.
    language: en-US
main entity: Can I switch from Bank of America to Fidelity?
  type: Question
  accepted answer: Answer
    text: Yes, easily. Fidelity handles transfers of securities (ACATS process, 3-5 days) and external cash transfers are straightforward via ACH. Your checking account stays at BofA; only investment accounts move. Many customers maintain both accounts — BofA for banking and Fidelity for investing.
    language: en-US

How to Choose Between Bank of America and Fidelity
type: HowTo
description: Bank of America is primarily a retail and commercial bank offering checking, savings, and lending services, while Fidelity is an investment-focused financial services company specializing in brokerage, retirement accounts, and wealth management. They serve different primary purposes: BofA for banking basics, Fidelity for investing and portfolio management.
language: en-US
total time: PT3M
step: Consider: Primary Business Focus
step: Consider: Number of Physical Branches
step: Consider: Stock Trading Commission
step: Consider: Checking Account Monthly Fee
step: Consider: Assets Under Management
step: Consider: Minimum Account Balance for Premium Services
step: Consider: Retirement Account Options
tool: A Versus B Comparison Guide
tip: HowToTip
  text: Choose Bank of America if you prioritize convenient physical branch access, integrated checking/savings with investment accounts, and prefer a one-stop banking solution with established credit products. Choose Fidelity if you're a serious investor seeking zero-fee trading, superior investment research tools, lower account minimums, and no checking account fees.

Consider: Primary Business Focus
type: HowToStep
position: 1
text: Primary Business Focus: Bank of America has Retail/Commercial Banking, while Fidelity has Investment & Wealth Management.

Consider: Number of Physical Branches
type: HowToStep
position: 2
text: Number of Physical Branches: Bank of America has 4,300+ branches, while Fidelity has 200+ branches.

Consider: Stock Trading Commission
type: HowToStep
position: 3
text: Stock Trading Commission: Bank of America has $0 per trade, while Fidelity has $0 per trade.

Consider: Checking Account Monthly Fee
type: HowToStep
position: 4
text: Checking Account Monthly Fee: Bank of America has $12/month (waivable), while Fidelity has $0 (no fee).

Consider: Assets Under Management
type: HowToStep
position: 5
text: Assets Under Management: Bank of America has $2.9 trillion, while Fidelity has $11.8 trillion.

Consider: Minimum Account Balance for Premium Services
type: HowToStep
position: 6
text: Minimum Account Balance for Premium Services: Bank of America has $100,000 (Preferred Rewards), while Fidelity has $50,000 (Fidelity Go).

Consider: Retirement Account Options
type: HowToStep
position: 7
text: Retirement Account Options: Bank of America has IRAs, 401(k)s (limited), while Fidelity has IRAs, 401(k)s, SEP-IRAs, Solo 401(k)s.

claimreview
type: ClaimReview
is accessible for free: true
conditions of access: Free
claim reviewed: Bank of America vs Fidelity
review body: Bank of America is primarily a retail and commercial bank offering checking, savings, and lending services, while Fidelity is an investment-focused financial services company specializing in brokerage, retirement accounts, and wealth management. They serve different primary purposes: BofA for banking basics, Fidelity for investing and portfolio management.
review rating: Rating
  rating: 5
  worst rating: 1
  best rating: 5
  alternate name: Verified Comparison
author: A Versus B
item reviewed: Bank of America vs Fidelity

Customer Satisfaction Score
type: PropertyValue
value: Bank of America: 68/100 | Fidelity: N/A

Mobile Banking App Rating (iOS)
type: PropertyValue
value: Bank of America: 4.1/5 stars | Fidelity: N/A

Mortgage Market Share
type: PropertyValue
value: Bank of America: 6.8% | Fidelity: N/A

Credit Rating (S&P Global)
type: PropertyValue
value: Bank of America: AA- | Fidelity: N/A

Checking Account Monthly Fee
type: PropertyValue
value: Bank of America: $12 (waivable) | Fidelity: $0
value reference: Fidelity

High-Yield Savings APY
type: PropertyValue
value: Bank of America: 0.01% | Fidelity: 4.55%
value reference: Fidelity

Credit Card Approval Rate
type: PropertyValue
value: Bank of America: ~50% | Fidelity: N/A

Investment/Brokerage Platform
type: PropertyValue
value: Bank of America: Merrill Edge + full advisory | Fidelity: N/A

Auto Loan APR Range
type: PropertyValue
value: Bank of America: 5.24% - 9.99% | Fidelity: N/A

Customer Satisfaction Score (J.D. Power 2025)
type: PropertyValue
value: Bank of America: 759 | Fidelity: N/A

High-Yield Savings Account APY
type: PropertyValue
value: Bank of America: 0.01% | Fidelity: N/A

Monthly Maintenance Fee
type: PropertyValue
value: Bank of America: $12 (waivable) | Fidelity: N/A

Overdraft Fee per Occurrence
type: PropertyValue
value: Bank of America: $35 | Fidelity: N/A

Physical Branch Locations
type: PropertyValue
value: Bank of America: 4,300+ | Fidelity: N/A

Surcharge-Free ATM Network
type: PropertyValue
value: Bank of America: 64,000+ | Fidelity: N/A

Customer Satisfaction Score (JD Power 2024)
type: PropertyValue
value: Bank of America: 751 | Fidelity: N/A

Auto Loan APR (Average)
type: PropertyValue
value: Bank of America: 5.89% | Fidelity: N/A

Minimum for Premium Checking/Advisory
type: PropertyValue
value: Bank of America: $100,000 | Fidelity: $50,000
value reference: Fidelity

Savings Account APY Range
type: PropertyValue
value: Bank of America: 0.01%-0.04% | Fidelity: 0.42%-0.48%
value reference: Fidelity

Robo-Advisor Minimum
type: PropertyValue
value: Bank of America: $25,000 | Fidelity: $0
value reference: Fidelity

Average Expense Ratio
type: PropertyValue
value: Bank of America: N/A | Fidelity: ~0.10% (0% on Zero funds)

Commission on Stock Trades
type: PropertyValue
value: Bank of America: N/A | Fidelity: Free

Minimum Account Balance
type: PropertyValue
value: Bank of America: N/A | Fidelity: None

Funded Customers
type: PropertyValue
value: Bank of America: N/A | Fidelity: ~12-15 (estimated)

Total Platform Assets
type: PropertyValue
value: Bank of America: N/A | Fidelity: $11,900+ (AUM)

Cryptocurrency Products
type: PropertyValue
value: Bank of America: N/A | Fidelity: Growing with stablecoin FIDD

Retirement Account Types
type: PropertyValue
value: Bank of America: N/A | Fidelity: Comprehensive (Traditional, Roth, SEP, Solo 401k)

Research Tools Quality
type: PropertyValue
value: Bank of America: N/A | Fidelity: Professional-grade, free for most

Professional Advisory Available
type: PropertyValue
value: Bank of America: N/A | Fidelity: Yes (fee-based and robo)

International Trading
type: PropertyValue
value: Bank of America: N/A | Fidelity: Comprehensive global access

Options Trading
type: PropertyValue
value: Bank of America: N/A | Fidelity: Available

Commission on Stock Trading
type: PropertyValue
value: Bank of America: N/A | Fidelity: Free

2025 Revenue
type: PropertyValue
value: Bank of America: N/A | Fidelity: Market leader (private)

Cryptocurrency Support
type: PropertyValue
value: Bank of America: N/A | Fidelity: Limited

Research Tools Depth
type: PropertyValue
value: Bank of America: N/A | Fidelity: Extensive library

Account Types Available
type: PropertyValue
value: Bank of America: N/A | Fidelity: Trading, banking, planning, wealth mgmt

Mobile App Experience
type: PropertyValue
value: Bank of America: N/A | Fidelity: Strong but complex

AI/Digital Planning Tools
type: PropertyValue
value: Bank of America: N/A | Fidelity: Advanced (Monarch Money, Fiscal.ai)

Minimum Account Balance
type: PropertyValue
value: Bank of America: N/A | Fidelity: $0

Minimum Initial Investment
type: PropertyValue
value: Bank of America: N/A | Fidelity: $0

Average Mutual Fund Expense Ratio
type: PropertyValue
value: Bank of America: N/A | Fidelity: 0.45%

Stock Trading Commission
type: PropertyValue
value: Bank of America: N/A | Fidelity: $0

Assets Under Management
type: PropertyValue
value: Bank of America: N/A | Fidelity: $12.9T

Number of ETFs Available
type: PropertyValue
value: Bank of America: N/A | Fidelity: 2,100+

IRA Contribution Limit (2026)
type: PropertyValue
value: Bank of America: N/A | Fidelity: $7,000

Average Expense Ratio (Index Funds)
type: PropertyValue
value: Bank of America: N/A | Fidelity: 0.25%

Robo-Advisor Minimum Balance
type: PropertyValue
value: Bank of America: N/A | Fidelity: $0

Number of Mutual Funds
type: PropertyValue
value: Bank of America: N/A | Fidelity: 3,500+

Customer Service Availability
type: PropertyValue
value: Bank of America: N/A | Fidelity: 168 (24/7)

ETF Universe Access
type: PropertyValue
value: Bank of America: N/A | Fidelity: 2,000+

Account Opening Requirement
type: PropertyValue
value: Bank of America: N/A | Fidelity: $0

Average Expense Ratio (Active Funds)
type: PropertyValue
value: Bank of America: N/A | Fidelity: 0.67%

Robo-Advisor Annual Fee
type: PropertyValue
value: Bank of America: N/A | Fidelity: 0.35%

Total Mutual Funds Available
type: PropertyValue
value: Bank of America: N/A | Fidelity: 5,000+

Global Assets Under Management
type: PropertyValue
value: Bank of America: N/A | Fidelity: $12.9 trillion

Stock/ETF Trading Commission
type: PropertyValue
value: Bank of America: N/A | Fidelity: $0

Account Types Offered
type: PropertyValue
value: Bank of America: N/A | Fidelity: 8+ (includes HSA, 529, Taxable)

Minimum Initial Investment
type: PropertyValue
value: Bank of America: N/A | Fidelity: $0

SpeakableSpecification
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css selector: #verdict
css selector: #key-differences
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Bank of America — Wikipedia
type: CreativeWork

Fidelity — Wikipedia
type: CreativeWork

Compare Bank of America vs Fidelity
type: Action
additional type: CompareAction
target: https://www.aversusb.net/compare/bank-of-america-vs-fidelity))
object: Bank of America
object: Fidelity

Monthly Maintenance Fee
type: PropertyValue
value reference: Fees

Overdraft Fee per Occurrence
type: PropertyValue
value reference: Fees

Physical Branch Locations
type: PropertyValue
value reference: Distribution

Surcharge-Free ATM Network
type: PropertyValue
value reference: Accessibility

Customer Satisfaction Score (JD Power 2024)
type: PropertyValue
value reference: Customer Experience

Auto Loan APR (Average)
type: PropertyValue
value reference: Lending Products

Minimum for Premium Checking/Advisory
type: PropertyValue
value reference: Account Requirements

Savings Account APY Range
type: PropertyValue
value reference: Deposit Returns

Robo-Advisor Minimum
type: PropertyValue
value reference: Advisory Services

Average Expense Ratio
type: PropertyValue
value reference: Costs

Commission on Stock Trades
type: PropertyValue
value reference: Costs

Minimum Account Balance
type: PropertyValue
value reference: Accessibility

Funded Customers
type: PropertyValue
value reference: Scale

Total Platform Assets
type: PropertyValue
value reference: Scale

Cryptocurrency Products
type: PropertyValue
value reference: Offerings

Retirement Account Types
type: PropertyValue
value reference: Offerings

Research Tools Quality
type: PropertyValue
value reference: Tools

Professional Advisory Available
type: PropertyValue
value reference: Services

International Trading
type: PropertyValue
value reference: Offerings

Options Trading
type: PropertyValue
value reference: Offerings

Commission on Stock Trading
type: PropertyValue
value reference: Pricing

2025 Revenue
type: PropertyValue
value reference: Business

Cryptocurrency Support
type: PropertyValue
value reference: Features

Research Tools Depth
type: PropertyValue
value reference: Tools

Account Types Available
type: PropertyValue
value reference: Services

Mobile App Experience
type: PropertyValue
value reference: UX/UI

AI/Digital Planning Tools
type: PropertyValue
value reference: Features

Minimum Account Balance
type: PropertyValue
value reference: Accessibility

Minimum Initial Investment
type: PropertyValue
value reference: Account Requirements

Average Mutual Fund Expense Ratio
type: PropertyValue
value reference: Costs & Fees

Stock Trading Commission
type: PropertyValue
value reference: Costs & Fees

Assets Under Management
type: PropertyValue
value reference: Scale & Stability

Number of ETFs Available
type: PropertyValue
value reference: Product Offerings

IRA Contribution Limit (2026)
type: PropertyValue
value reference: Account Features

Average Expense Ratio (Index Funds)
type: PropertyValue
value reference: Costs

Robo-Advisor Minimum Balance
type: PropertyValue
value reference: Features

Number of Mutual Funds
type: PropertyValue
value reference: Products

Customer Service Availability
type: PropertyValue
value reference: Support

ETF Universe Access
type: PropertyValue
value reference: Products

Account Opening Requirement
type: PropertyValue
value reference: Access

Average Expense Ratio (Active Funds)
type: PropertyValue
value reference: Costs

Robo-Advisor Annual Fee
type: PropertyValue
value reference: Costs

Total Mutual Funds Available
type: PropertyValue
value reference: Product Selection

Global Assets Under Management
type: PropertyValue
value reference: Scale

Stock/ETF Trading Commission
type: PropertyValue
value reference: Trading Costs

Account Types Offered
type: PropertyValue
value reference: Account Options

Minimum Initial Investment
type: PropertyValue
value reference: Accessibility