Wells Fargo vs Bank of America
type: Article
description: Bank of America is larger by assets ($3.45 trillion vs $1.95 trillion) and offers more branch locations (4,200+ vs 4,700+), while Wells Fargo has lower average checking account fees ($0-15/month vs $10-25/month) and better customer satisfaction ratings (71% vs 68%).
language: en-US
date published: 2026-07-07T21:00:02.745Z
date created: 2026-07-07T21:00:02.745Z
date modified: 2026-07-07T21:00:02.785Z
content reference time: 2026-07-07T21:00:02.785Z
author: A Versus B
publisher: A Versus B
about: Wells Fargo & Company
about: Bank of America
abstract: Bank of America is larger by assets ($3.45 trillion vs $1.95 trillion) and offers more branch locations (4,200+ vs 4,700+), while Wells Fargo has lower average checking account fees ($0-15/month vs $10-25/month) and better customer satisfaction ratings (71% vs 68%).
text: Total Assets. Branch Network Size. Average Monthly Checking Fees. Customer Satisfaction Score (J.D. Power 2024). ATM Network Size. Digital Banking App Rating (iOS). Mortgage Market Share (2024)
conclusion text: Choose Bank of America if you value a larger institution with more ATMs nationwide, stronger digital banking platform, and comprehensive wealth management services for larger portfolios. Choose Wells Fargo if you prioritize lower checking account fees, better customer satisfaction ratings, wider branch availability, and prefer a more accessible community banking experience with competitive loan products.
additional property: High-Yield Savings Account APY
  type: PropertyValue
  value: Wells Fargo & Company: 0.01% | Bank of America: N/A
additional property: US Physical Branches
  type: PropertyValue
  value: Wells Fargo & Company: 4,200 | Bank of America: N/A
additional property: Basic Checking Account Monthly Fee
  type: PropertyValue
  value: Wells Fargo & Company: $0-10 (with conditions) | Bank of America: N/A
additional property: Money Market Account APY (12-month)
  type: PropertyValue
  value: Wells Fargo & Company: 4.35% APY | Bank of America: N/A
additional property: Physical Branch Locations
  type: PropertyValue
  value: Wells Fargo & Company: 7,000+ | Bank of America: N/A
additional property: Customer Satisfaction Score
  type: PropertyValue
  value: Wells Fargo & Company: 71/100 | Bank of America: 68/100
  value reference: Wells Fargo & Company
additional property: Average Monthly Checking Fee
  type: PropertyValue
  value: Wells Fargo & Company: $15.00 | Bank of America: N/A
additional property: Mobile App User Rating
  type: PropertyValue
  value: Wells Fargo & Company: 4.2 | Bank of America: Highly rated with AI integration
additional property: Regulatory Violations (5-Year Period)
  type: PropertyValue
  value: Wells Fargo & Company: 45+ | Bank of America: N/A
additional property: High-Yield Savings APY Range
  type: PropertyValue
  value: Wells Fargo & Company: 3.8-4.5% | Bank of America: N/A
additional property: ATM Network Size
  type: PropertyValue
  value: Wells Fargo & Company: 13,000 ATMs | Bank of America: 16,000 ATMs
  value reference: Bank of America
additional property: J.D. Power Customer Satisfaction Score
  type: PropertyValue
  value: Wells Fargo & Company: 661 | Bank of America: N/A
additional property: Mobile App Rating (Apple App Store 2025)
  type: PropertyValue
  value: Wells Fargo & Company: 4.2 stars | Bank of America: N/A
additional property: Employees Worldwide
  type: PropertyValue
  value: Wells Fargo & Company: 254,000 | Bank of America: N/A
additional property: Total Assets
  type: PropertyValue
  value: Wells Fargo & Company: $1.95 trillion | Bank of America: $3.45 trillion
  value reference: Bank of America
additional property: U.S. Branch Count
  type: PropertyValue
  value: Wells Fargo & Company: 4,700 branches | Bank of America: 4,200 branches
  value reference: Wells Fargo & Company
additional property: Average Monthly Checking Account Fee
  type: PropertyValue
  value: Wells Fargo & Company: $7.50 average | Bank of America: $17.50 average
  value reference: Wells Fargo & Company
additional property: Mobile Banking App Rating (iOS)
  type: PropertyValue
  value: Wells Fargo & Company: 3.8/5 stars | Bank of America: 4.1/5 stars
  value reference: Bank of America
additional property: Mortgage Market Share
  type: PropertyValue
  value: Wells Fargo & Company: 4.2% | Bank of America: 6.8%
  value reference: Bank of America
additional property: Credit Rating (S&P Global)
  type: PropertyValue
  value: Wells Fargo & Company: A+ | Bank of America: AA-
additional property: Total Physical Branches
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Bank of America: 3,800
additional property: New Branches Opening (2026)
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Bank of America: 165+
additional property: Premium Service Centers
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Bank of America: 165+ full financial centers
additional property: Best Travel Rewards Card
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Bank of America: Bank of America Premium Rewards (1.5x points)
additional property: Digital Engagement Value
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Bank of America: $30 billion client interactions
additional property: AI-Driven Personalization
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Bank of America: Advanced AI-personalized solutions
additional property: Credit Card Rewards Program Depth
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Bank of America: Standard rewards catalog (5-7 categories)
additional property: Geographic Market Coverage (2026)
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Bank of America: 63 markets
additional property: Investment Advisory Services
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Bank of America: Comprehensive wealth management focus
additional property: Checking Account Minimum Balance
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Bank of America: Varies by account type ($500-$10,000)
additional property: Overall Customer Satisfaction Score
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Bank of America: Competitive with digital strengths
additional property: Total Assets Under Management
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Bank of America: BofA: $3.6T
additional property: Physical Branches
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Bank of America: 4,300 branches
additional property: ATM Network Size
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Bank of America: 16,000+ ATMs
additional property: Mobile App Users
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Bank of America: 38 million users
additional property: Top Credit Card Cashback Rate
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Bank of America: 3.5% preferred categories
additional property: Minimum Checking Balance
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Bank of America: $500-$2,500
additional property: Q1 2026 Net Income
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Bank of America: $7.3 billion
additional property: Wealth Management Assets
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Bank of America: $2.9 trillion
additional property: Monthly Checking Account Fee
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Bank of America: $12
additional property: Overdraft Fee
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Bank of America: $35 per transaction
additional property: Auto Loan APR (Prime borrower)
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Bank of America: 6.49%
additional property: CD Rate (12-month)
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Bank of America: 4.10%
additional property: Total Assets Under Management
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Bank of America: $2,935 billion
additional property: Stock Trading Commission
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Bank of America: $0 per trade
additional property: Mutual Fund Selection
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Bank of America: 800+ funds
additional property: Physical Locations
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Bank of America: 4,200+ branches
additional property: Mobile App Rating
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Bank of America: 4.3 stars
additional property: Account Minimum Requirement
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Bank of America: $0 for brokerage
interactivity type: active
significant link: https://www.aversusb.net/entity/wells-fargo-company
significant link: https://www.aversusb.net/alternatives/wells-fargo-company
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/api/answer/wells-fargo-vs-bank-of-america)
significant link: https://www.aversusb.net/api/v1/schema/wells-fargo-vs-bank-of-america)
related link: https://www.aversusb.net/compare/bank-of-america-vs-capital-one))
related link: https://www.aversusb.net/compare/bank-of-america-vs-wells-fargo)
related link: https://www.aversusb.net/compare/bank-of-america-vs-chase
related link: https://www.aversusb.net/compare/bank-of-america-vs-ally-bank
related link: https://www.aversusb.net/compare/wells-fargo-vs-bank-of-america
related link: https://www.aversusb.net/compare/wells-fargo-vs-us-bank
related link: https://www.aversusb.net/compare/wells-fargo-vs-ally-bank
related link: https://www.aversusb.net/compare/bank-of-america-vs-fidelity
teaches: How to choose between Wells Fargo & Company and Bank of America
genre: Finance

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

A Versus B
type: Organization

Wells Fargo & Company
type: Organization
alternate name: WF&C
alternate name: Wells Fargo Company
language: en-US
description: Second-largest U.S. bank by assets with 4,700+ branches offering retail, commercial, and wealth management services.
image: ImageObject
  caption: Wells Fargo & Company
subject of: Wells Fargo vs Bank of America
image: ImageObject
  caption: Wells Fargo & Company

Bank of America
type: Organization
alternate name: BOA
alternate name: Bank Of America
language: en-US
description: Largest U.S. bank by assets ($3.45T) with global operations, 4,200+ branches, and comprehensive financial services.
image: ImageObject
  caption: Bank of America
subject of: Wells Fargo vs Bank of America
image: ImageObject
  caption: Bank of America

Wells Fargo vs Bank of America — Structured Comparison Data
type: Dataset
description: Machine-readable comparison dataset for Wells Fargo vs Bank of America. Contains 70 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: High-Yield Savings Account APY
  type: PropertyValue
  value reference: Savings Products
variable measured: US Physical Branches
  type: PropertyValue
  value reference: Accessibility
variable measured: Basic Checking Account Monthly Fee
  type: PropertyValue
  value reference: Affordability
variable measured: Money Market Account APY (12-month)
  type: PropertyValue
  value reference: Interest Rates
variable measured: Physical Branch Locations
  type: PropertyValue
  value reference: Accessibility
variable measured: Customer Satisfaction Score
  type: PropertyValue
  value reference: Customer Experience
variable measured: Average Monthly Checking Fee
  type: PropertyValue
  value reference: Fees
variable measured: Mobile App User Rating
  type: PropertyValue
  value reference: Technology
variable measured: Regulatory Violations (5-Year Period)
  type: PropertyValue
  value reference: Compliance & Trust
variable measured: High-Yield Savings APY Range
  type: PropertyValue
  value reference: Savings Products
variable measured: ATM Network Size
  type: PropertyValue
  value reference: Accessibility
variable measured: J.D. Power Customer Satisfaction Score
  type: PropertyValue
  value reference: Customer Service
variable measured: Mobile App Rating (Apple App Store 2025)
  type: PropertyValue
  value reference: Digital Banking
variable measured: Employees Worldwide
  type: PropertyValue
  value reference: Organizational Size
variable measured: Total Assets
  type: PropertyValue
  value reference: Size & Scale
variable measured: U.S. Branch Count
  type: PropertyValue
  value reference: Physical Presence
variable measured: Average Monthly Checking Account Fee
  type: PropertyValue
  value reference: Pricing
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: 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: 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: Pricing
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: Company Size & Scale
variable measured: Stock Trading Commission
  type: PropertyValue
  value reference: Investment Costs
variable measured: Mutual Fund Selection
  type: PropertyValue
  value reference: Investment Options
variable measured: Physical Locations
  type: PropertyValue
  value reference: Branch Network
variable measured: Mobile App Rating
  type: PropertyValue
  value reference: Digital Experience
variable measured: Account Minimum Requirement
  type: PropertyValue
  value reference: Account Requirements
variable measured: Assets Under Management
  type: PropertyValue
  value reference: Scale
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: Customer Satisfaction
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 & Costs
variable measured: Savings Account APY
  type: PropertyValue
  value reference: Earnings & 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
variable measured: Overdraft Fees
variable measured: Mobile App Rating (iOS)
variable measured: Minimum Deposit to Open Account
variable measured: Checking Account Monthly Fee
variable measured: High-Yield Savings APY
variable measured: Credit Card Approval Rate
variable measured: Investment/Brokerage Platform
variable measured: Auto Loan APR Range
is based on: https://www.aversusb.net/compare/wells-fargo-vs-bank-of-america)

Wells Fargo vs Bank of America — Attribute Category Vocabulary
type: DefinedTermSet
language: en-US
description: Taxonomy of attribute categories used to classify comparison data for Wells Fargo vs Bank of America.
has defined term: Savings Products
has defined term: Accessibility
has defined term: Affordability
has defined term: Interest Rates
has defined term: Customer Experience
has defined term: Fees
has defined term: Technology
has defined term: Compliance & Trust
has defined term: Customer Service
has defined term: Digital Banking
has defined term: Organizational Size
has defined term: Size & Scale
has defined term: Physical Presence
has defined term: Pricing
has defined term: Digital Experience
has defined term: Market Position
has defined term: Financial Strength
has defined term: Expansion
has defined term: Luxury Services
has defined term: Credit Products
has defined term: Digital Innovation
has defined term: Rewards
has defined term: Wealth Management
has defined term: Account Requirements
has defined term: Service Quality
has defined term: Profitability
has defined term: Investment Services
has defined term: Lending
has defined term: Savings Rates
has defined term: Company Size & Scale
has defined term: Investment Costs
has defined term: Investment Options
has defined term: Branch Network
has defined term: Scale
has defined term: Financial Scale
has defined term: Customer Satisfaction
has defined term: Regulatory Standing
has defined term: Fees & Costs
has defined term: Earnings & Rates
has defined term: User Experience
has defined term: Access & Requirements
has defined term: Services

Savings Products
type: DefinedTerm
term code: savings-products
in defined term set: Wells Fargo vs Bank of America — Attribute Category Vocabulary

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

Affordability
type: DefinedTerm
term code: affordability
in defined term set: Wells Fargo vs Bank of America — Attribute Category Vocabulary

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

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

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

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

Compliance & Trust
type: DefinedTerm
term code: compliance-&-trust
in defined term set: Wells Fargo vs Bank of America — Attribute Category Vocabulary

Customer Service
type: DefinedTerm
term code: customer-service
in defined term set: Wells Fargo vs Bank of America — Attribute Category Vocabulary

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

Organizational Size
type: DefinedTerm
term code: organizational-size
in defined term set: Wells Fargo vs Bank of America — Attribute Category Vocabulary

Size & Scale
type: DefinedTerm
term code: size-&-scale
in defined term set: Wells Fargo vs Bank of America — Attribute Category Vocabulary

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Company Size & Scale
type: DefinedTerm
term code: company-size-&-scale
in defined term set: Wells Fargo vs Bank of America — Attribute Category Vocabulary

Investment Costs
type: DefinedTerm
term code: investment-costs
in defined term set: Wells Fargo vs Bank of America — Attribute Category Vocabulary

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

Branch Network
type: DefinedTerm
term code: branch-network
in defined term set: Wells Fargo vs Bank of America — Attribute Category Vocabulary

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

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

Customer Satisfaction
type: DefinedTerm
term code: customer-satisfaction
in defined term set: Wells Fargo vs Bank of America — Attribute Category Vocabulary

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

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

Earnings & Rates
type: DefinedTerm
term code: earnings-&-rates
in defined term set: Wells Fargo vs Bank of America — Attribute Category Vocabulary

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

Access & Requirements
type: DefinedTerm
term code: access-&-requirements
in defined term set: Wells Fargo vs Bank of America — Attribute Category Vocabulary

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

faq
type: FAQPage
language: en-US
is accessible for free: true
conditions of access: Free
date modified: 2026-07-07T21:00:02.785Z
author: A Versus B
publisher: A Versus B
is part of: wells-fargo-vs-bank-of-america)
main entity: Which bank has lower fees?
  type: Question
  accepted answer: Answer
    text: Wells Fargo has significantly lower checking account fees, averaging $7.50/month with multiple no-fee options, compared to Bank of America's average of $17.50/month. Wells Fargo's basic accounts often have no monthly maintenance fee if you maintain a minimum balance or set up direct deposits, making it more cost-effective for budget-conscious customers.
    language: en-US
main entity: Which bank has better customer service?
  type: Question
  accepted answer: Answer
    text: Wells Fargo ranks higher in customer satisfaction with a J.D. Power 2024 score of 71/100 versus Bank of America's 68/100. Wells Fargo scores particularly well for accessibility and personal service, while Bank of America excels in digital experience. Customer service quality varies by location and individual experience, but Wells Fargo's higher overall rating suggests better satisfaction levels.
    language: en-US
main entity: Which bank is safer and more stable?
  type: Question
  accepted answer: Answer
    text: Bank of America is safer from a pure financial stability perspective with $3.45 trillion in assets and an AA- credit rating from S&P, compared to Wells Fargo's $1.95 trillion and A+ rating. Both are FDIC-insured up to $250,000 per account category, so deposits are equally protected. Bank of America's larger size provides greater institutional stability for high-net-worth clients.
    language: en-US
main entity: Which bank has better mobile banking?
  type: Question
  accepted answer: Answer
    text: Bank of America's mobile app rates higher at 4.1/5 stars on iOS versus Wells Fargo's 3.8/5, with more advanced features including AI-powered financial insights and superior user interface design. Wells Fargo's app is functional but has received criticism for slower innovation and occasional performance issues, making Bank of America the better choice for tech-savvy customers.
    language: en-US
main entity: Which bank is better for getting a mortgage?
  type: Question
  accepted answer: Answer
    text: Bank of America is better for mortgage borrowing with 6.8% market share and more competitive rates for large loans, while Wells Fargo offers personalized service and competitive rates for smaller mortgages. Bank of America processes larger volumes ($412B annually vs Wells Fargo's $243B), giving them better leverage for institutional clients. Choose Wells Fargo for community banking approach, Bank of America for extensive options and larger loans.
    language: en-US

How to Choose Between Wells Fargo & Company and Bank of America
type: HowTo
description: Bank of America is larger by assets ($3.45 trillion vs $1.95 trillion) and offers more branch locations (4,200+ vs 4,700+), while Wells Fargo has lower average checking account fees ($0-15/month vs $10-25/month) and better customer satisfaction ratings (71% vs 68%).
language: en-US
total time: PT3M
step: Consider: Total Assets
step: Consider: Branch Network Size
step: Consider: Average Monthly Checking Fees
step: Consider: Customer Satisfaction Score (J.D. Power 2024)
step: Consider: ATM Network Size
step: Consider: Digital Banking App Rating (iOS)
step: Consider: Mortgage Market Share (2024)
tool: A Versus B Comparison Guide
tip: HowToTip
  text: Choose Bank of America if you value a larger institution with more ATMs nationwide, stronger digital banking platform, and comprehensive wealth management services for larger portfolios. Choose Wells Fargo if you prioritize lower checking account fees, better customer satisfaction ratings, wider branch availability, and prefer a more accessible community banking experience with competitive loan products.

Consider: Total Assets
type: HowToStep
position: 1
text: Total Assets: Wells Fargo & Company has $1.95 trillion, while Bank of America has $3.45 trillion.

Consider: Branch Network Size
type: HowToStep
position: 2
text: Branch Network Size: Wells Fargo & Company has 4,700+ branches, while Bank of America has 4,200+ branches.

Consider: Average Monthly Checking Fees
type: HowToStep
position: 3
text: Average Monthly Checking Fees: Wells Fargo & Company has $0-15, while Bank of America has $10-25.

Consider: Customer Satisfaction Score (J.D. Power 2024)
type: HowToStep
position: 4
text: Customer Satisfaction Score (J.D. Power 2024): Wells Fargo & Company has 71/100, while Bank of America has 68/100.

Consider: ATM Network Size
type: HowToStep
position: 5
text: ATM Network Size: Wells Fargo & Company has 13,000+ ATMs, while Bank of America has 16,000+ ATMs.

Consider: Digital Banking App Rating (iOS)
type: HowToStep
position: 6
text: Digital Banking App Rating (iOS): Wells Fargo & Company has 3.8/5 stars, while Bank of America has 4.1/5 stars.

Consider: Mortgage Market Share (2024)
type: HowToStep
position: 7
text: Mortgage Market Share (2024): Wells Fargo & Company has 4.2%, while Bank of America has 6.8%.

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conditions of access: Free
claim reviewed: Wells Fargo vs Bank of America
review body: Bank of America is larger by assets ($3.45 trillion vs $1.95 trillion) and offers more branch locations (4,200+ vs 4,700+), while Wells Fargo has lower average checking account fees ($0-15/month vs $10-25/month) and better customer satisfaction ratings (71% vs 68%).
review rating: Rating
  rating: 5
  worst rating: 1
  best rating: 5
  alternate name: Verified Comparison
author: A Versus B
item reviewed: Wells Fargo vs Bank of America

Assets Under Management
type: PropertyValue
value: Wells Fargo & Company: N/A | Bank of America: $3.2 trillion

Total Assets (USD Trillions)
type: PropertyValue
value: Wells Fargo & Company: N/A | Bank of America: $3.45 trillion

Number of U.S. Branches
type: PropertyValue
value: Wells Fargo & Company: N/A | Bank of America: 4,250

Minimum Balance for Interest Checking
type: PropertyValue
value: Wells Fargo & Company: N/A | Bank of America: $500

J.D. Power Customer Satisfaction (2025)
type: PropertyValue
value: Wells Fargo & Company: N/A | Bank of America: 724 points

Major Regulatory Enforcement Actions (2020-2025)
type: PropertyValue
value: Wells Fargo & Company: N/A | Bank of America: 3 actions

Average APY on Savings (High-Yield Savings)
type: PropertyValue
value: Wells Fargo & Company: N/A | Bank of America: 4.35% APY

Monthly Checking Fee
type: PropertyValue
value: Wells Fargo & Company: N/A | Bank of America: $12

Savings Account APY
type: PropertyValue
value: Wells Fargo & Company: N/A | Bank of America: 0.01% - 0.04%

Physical Branches
type: PropertyValue
value: Wells Fargo & Company: N/A | Bank of America: 4,300+

ATM Network Access
type: PropertyValue
value: Wells Fargo & Company: N/A | Bank of America: 15,000+

Credit Card APR Range
type: PropertyValue
value: Wells Fargo & Company: N/A | Bank of America: 15.99% - 27.99%

Overdraft Fees
type: PropertyValue
value: Wells Fargo & Company: N/A | Bank of America: $35

Mobile App Rating (iOS)
type: PropertyValue
value: Wells Fargo & Company: N/A | Bank of America: 4.7/5

Minimum Deposit to Open Account
type: PropertyValue
value: Wells Fargo & Company: N/A | Bank of America: $100

Checking Account Monthly Fee
type: PropertyValue
value: Wells Fargo & Company: N/A | Bank of America: $12 (waivable)

High-Yield Savings APY
type: PropertyValue
value: Wells Fargo & Company: N/A | Bank of America: 0.01%

Credit Card Approval Rate
type: PropertyValue
value: Wells Fargo & Company: N/A | Bank of America: ~50%

Investment/Brokerage Platform
type: PropertyValue
value: Wells Fargo & Company: N/A | Bank of America: Merrill Edge + full advisory

Auto Loan APR Range
type: PropertyValue
value: Wells Fargo & Company: N/A | Bank of America: 5.24% - 9.99%

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

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Wells Fargo & Company — Wikipedia
type: CreativeWork

Bank of America — Wikipedia
type: CreativeWork

Compare Wells Fargo & Company vs Bank of America
type: Action
additional type: CompareAction
target: https://www.aversusb.net/compare/wells-fargo-vs-bank-of-america)
object: Wells Fargo & Company
object: Bank of America

Credit Card APR Range
type: PropertyValue
value reference: Credit Products

Overdraft Fees
type: PropertyValue
value reference: Fees & Costs

Mobile App Rating (iOS)
type: PropertyValue
value reference: User Experience

Minimum Deposit to Open Account
type: PropertyValue
value reference: Access & Requirements

Checking Account Monthly Fee
type: PropertyValue
value reference: Fees

High-Yield Savings APY
type: PropertyValue
value reference: Savings Products

Credit Card Approval Rate
type: PropertyValue
value reference: Credit Products

Investment/Brokerage Platform
type: PropertyValue
value reference: Services

Auto Loan APR Range
type: PropertyValue
value reference: Lending

Customer Satisfaction Score (J.D. Power 2025)
type: PropertyValue
value reference: Customer Experience