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%).
Wells Fargo vs Bank of America — Side-by-side comparison on A Versus B
Second-largest U.S. bank by assets with 4,700+ branches offering retail, commercial, and wealth management services.
Largest U.S. bank by assets ($3.45T) with global operations, 4,200+ branches, and comprehensive financial services.
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)
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.
Wells Fargo & Company: 0.01% | Bank of America: N/A
Wells Fargo & Company: 4,200 | Bank of America: N/A
Wells Fargo & Company: $0-10 (with conditions) | Bank of America: N/A
Wells Fargo & Company: 4.35% APY | Bank of America: N/A
Wells Fargo & Company: 7,000+ | Bank of America: N/A
Wells Fargo & Company: 71/100 | Bank of America: 68/100
Wells Fargo & Company: $15.00 | Bank of America: N/A
Wells Fargo & Company: 4.2 | Bank of America: Highly rated with AI integration
Wells Fargo & Company: 45+ | Bank of America: N/A
Wells Fargo & Company: 3.8-4.5% | Bank of America: N/A
Wells Fargo & Company: 13,000 ATMs | Bank of America: 16,000 ATMs
Wells Fargo & Company: 661 | Bank of America: N/A
Mobile App Rating (Apple App Store 2025)
Wells Fargo & Company: 4.2 stars | Bank of America: N/A
Wells Fargo & Company: 254,000 | Bank of America: N/A
Wells Fargo & Company: $1.95 trillion | Bank of America: $3.45 trillion
Wells Fargo & Company: 4,700 branches | Bank of America: 4,200 branches
Wells Fargo & Company: $7.50 average | Bank of America: $17.50 average
Wells Fargo & Company: 3.8/5 stars | Bank of America: 4.1/5 stars
Wells Fargo & Company: 4.2% | Bank of America: 6.8%
Wells Fargo & Company: A+ | Bank of America: AA-
Wells Fargo & Company: N/A | Bank of America: 3,800
Wells Fargo & Company: N/A | Bank of America: 165+
Wells Fargo & Company: N/A | Bank of America: 165+ full financial centers
Wells Fargo & Company: N/A | Bank of America: Bank of America Premium Rewards (1.5x points)
Wells Fargo & Company: N/A | Bank of America: $30 billion client interactions
Wells Fargo & Company: N/A | Bank of America: Advanced AI-personalized solutions
Wells Fargo & Company: N/A | Bank of America: Standard rewards catalog (5-7 categories)
Wells Fargo & Company: N/A | Bank of America: 63 markets
Wells Fargo & Company: N/A | Bank of America: Comprehensive wealth management focus
Wells Fargo & Company: N/A | Bank of America: Varies by account type ($500-$10,000)
Wells Fargo & Company: N/A | Bank of America: Competitive with digital strengths
Wells Fargo & Company: N/A | Bank of America: BofA: $3.6T
Wells Fargo & Company: N/A | Bank of America: 4,300 branches
Wells Fargo & Company: N/A | Bank of America: 16,000+ ATMs
Wells Fargo & Company: N/A | Bank of America: 38 million users
Wells Fargo & Company: N/A | Bank of America: 3.5% preferred categories
Wells Fargo & Company: N/A | Bank of America: $500-$2,500
Wells Fargo & Company: N/A | Bank of America: $7.3 billion
Wells Fargo & Company: N/A | Bank of America: $2.9 trillion
Wells Fargo & Company: N/A | Bank of America: $12
Wells Fargo & Company: N/A | Bank of America: $35 per transaction
Wells Fargo & Company: N/A | Bank of America: 6.49%
Wells Fargo & Company: N/A | Bank of America: 4.10%
Wells Fargo & Company: N/A | Bank of America: $2,935 billion
Wells Fargo & Company: N/A | Bank of America: $0 per trade
Wells Fargo & Company: N/A | Bank of America: 800+ funds
Wells Fargo & Company: N/A | Bank of America: 4,200+ branches
Wells Fargo & Company: N/A | Bank of America: 4.3 stars
Wells Fargo & Company: N/A | Bank of America: $0 for brokerage
Wells Fargo & Company: N/A | Bank of America: $3.2 trillion
Wells Fargo & Company: N/A | Bank of America: $3.45 trillion
Wells Fargo & Company: N/A | Bank of America: 4,250
Wells Fargo & Company: N/A | Bank of America: $500
Wells Fargo & Company: N/A | Bank of America: 724 points
Major Regulatory Enforcement Actions (2020-2025)
Wells Fargo & Company: N/A | Bank of America: 3 actions
Average APY on Savings (High-Yield Savings)
Wells Fargo & Company: N/A | Bank of America: 4.35% APY
Wells Fargo & Company: N/A | Bank of America: 0.01% - 0.04%
Wells Fargo & Company: N/A | Bank of America: 4,300+
Wells Fargo & Company: N/A | Bank of America: 15,000+
Wells Fargo & Company: N/A | Bank of America: 15.99% - 27.99%
Wells Fargo & Company: N/A | Bank of America: $35
Wells Fargo & Company: N/A | Bank of America: 4.7/5
Wells Fargo & Company: N/A | Bank of America: $100
Wells Fargo & Company: N/A | Bank of America: $12 (waivable)
Wells Fargo & Company: N/A | Bank of America: 0.01%
Wells Fargo & Company: N/A | Bank of America: ~50%
Wells Fargo & Company: N/A | Bank of America: Merrill Edge + full advisory
Wells Fargo & Company: N/A | Bank of America: 5.24% - 9.99%
Customer Satisfaction Score (J.D. Power 2025)
Wells Fargo & Company: N/A | Bank of America: 759
How to choose between Wells Fargo & Company and Bank of America
Compare Wells Fargo & Company vs Bank of America
Wells Fargo vs Bank of America — Structured Comparison Data
Machine-readable comparison dataset for Wells Fargo vs Bank of America. Contains 70 attribute comparisons, 5 FAQ pairs.
Wells Fargo vs Bank of America — Attribute Category Vocabulary
Taxonomy of attribute categories used to classify comparison data for Wells Fargo vs Bank of America.
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.
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.
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.
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.
Which bank is better for getting a mortgage?
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.
How to Choose Between Wells Fargo & Company and Bank of America
Total Assets: Wells Fargo & Company has $1.95 trillion, while Bank of America has $3.45 trillion.
Branch Network Size: Wells Fargo & Company has 4,700+ branches, while Bank of America has 4,200+ branches.
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)
Customer Satisfaction Score (J.D. Power 2024): Wells Fargo & Company has 71/100, while Bank of America has 68/100.
ATM Network Size: Wells Fargo & Company has 13,000+ ATMs, while Bank of America has 16,000+ ATMs.
Consider: Digital Banking App Rating (iOS)
Digital Banking App Rating (iOS): Wells Fargo & Company has 3.8/5 stars, while Bank of America has 4.1/5 stars.
Mortgage Market Share (2024): Wells Fargo & Company has 4.2%, while Bank of America has 6.8%.