We believe everyone should be able to make financial decisions with confidence. And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free.
So how do we make money? Our partners compensate us. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services. Here is a list of our partners.
20 Largest Banks in the U.S.
Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.
Updated · 5 min read
How is this page expert verified?
NerdWallet's content is fact-checked for accuracy, timeliness and relevance. It undergoes a thorough review process involving writers and editors to ensure the information is as clear and complete as possible.
Ruth Sarreal is an editor and content strategist covering consumer banking topics at NerdWallet. She has over a decade of experience writing and editing for consumer websites. She previously edited content on personal finance topics at GOBankingRates. Her work has been featured by Nasdaq, MSN, TheStreet and Yahoo Finance.
Tony Armstrong leads the banking team at NerdWallet. He has covered personal finance for over a decade. Tony began his NerdWallet career as a writer and worked his way up to editor and then to head of content on the banking team. His writing has been featured by the Los Angeles Times, MarketWatch, Mashable, Nasdaq.com, USA Today and VentureBeat. Tony lives in Minneapolis, Minnesota.
Putting your money in one of the largest banks generally means you’ll have more access to in-person services at branches, a large ATM network, and a wide array of products and services, which can be convenient if you’re looking to do all of your banking in one place.
To find the largest banks in the U.S., we looked at domestic asset sizes of institutions that serve both consumers and small businesses. The list includes commercial banks for personal banking, rather than investment banks. A bank’s assets include, among other things, the amount of its loans, mortgages and credit card accounts. Some of these banks have thousands of branches, while others are mostly — or exclusively — online. All of these banks are insured by the Federal Deposit Insurance Corp.
Based on asset size, here are the top 20 largest banks in the U.S., according to the Federal Reserve
4.25%Annual Percentage Yield (APY) is accurate as of 01/09/2025. APY may change at any time before or after the account is opened. Available only online.
5.00%Start earning 2.50% APY (Annual Percentage Yield), then qualify to earn 5.00% APY. Earn 5.00% APY on your balance up to $5,000.00 for next month by meeting these two requirements this month: (1) Receive direct deposit(s) totaling $1,000 or more; and (2) End the month with a positive balance in both your Varo Bank Account and Savings Account. You’ll continue to earn 2.50% APY on any additional balance above $5,000.00. No fees, no minimum balance required.
4.00%Annual Percentage Yield (APY). APY may change at any time and fees may reduce earnings. Please visit etrade.com/ratesheet for more information.
Min. balance for APY
$0
These cash accounts combine services and features similar to checking, savings and/or investment accounts in one product. Cash management accounts are typically offered by non-bank financial institutions.
These cash accounts combine services and features similar to checking, savings and/or investment accounts in one product. Cash management accounts are typically offered by non-bank financial institutions.
4.50%*Current promotional rate; annual percentage yield (variable) is 4.00% as of 12/27/24, plus a .50% boost available as a special offer with qualifying deposit. Terms apply; if the base APY increases or decreases, you’ll get the .50% boost on the updated rate. Cash Reserve is only available to clients of Betterment LLC, which is not a bank; cash transfers to program banks (www.betterment.com/cash-portfolio) conducted through clients’ brokerage accounts at Betterment Securities. FDIC insurance is subject to certain conditions.
Min. balance for APY
$0
CDs (certificates of deposit) are a type of savings account with a fixed rate and term, and usually have higher interest rates than regular savings accounts.
CDs (certificates of deposit) are a type of savings account with a fixed rate and term, and usually have higher interest rates than regular savings accounts.
4.40%All Bread Savings APYs are accurate as of 04/24/2025. APYs are subject to change at any time without notice. Offers apply to personal accounts only. Fees may reduce earnings. To open a CD, a minimum of $1,500 is required and must be deposited in a single transaction. A penalty will be imposed for early withdrawals on CDs. At maturity, your CD will automatically renew and earn the base interest rate in effect at that time. Rates are compared against competitor rates published by NerdWallet.com and the institutions themselves as of 04/24/2025. NerdWallet.com obtains the data from the various banks that it tracks and its accuracy cannot be guaranteed.
What are the biggest pros and cons of large banks?
If you need a big network of free ATMs or branches or a wide variety of accounts and loans, then a large bank could be useful to you. But if you want the biggest bang for your buck, you’ll get more from online banks and credit unions — their APYs are much higher, and the best ones offer an easy online experience.
Big banks are a bit like buffets in that they offer a ton of choice. But if you're looking for something specific, you might be better served by a provider that specializes in that product. Take savings accounts as an example. Savings accounts at big banks tend to have woefully low rates while online banks, which are known for their high rates, offer products that will help your funds grow more quickly.
If you need a big network of free ATMs or branches or a wide variety of accounts and loans, then a large bank could be useful to you. But if you want the biggest bang for your buck, you’ll get more from online banks and credit unions — their APYs are much higher, and the best ones offer an easy online experience.
Big banks are a bit like buffets in that they offer a ton of choice. But if you're looking for something specific, you might be better served by a provider that specializes in that product. Take savings accounts as an example. Savings accounts at big banks tend to have woefully low rates while online banks, which are known for their high rates, offer products that will help your funds grow more quickly.
+ Summary of largest banks in the U.S. and approximate asset size (skip to specific bank sections from the links below)
NerdWallet's ratings are determined by our editorial team. The scoring formula incorporates coverage options, customer experience, customizability, cost and more.
1. Chase: $2.68 trillion
Chase, the largest bank for consumers and small businesses, is part of JPMorgan Chase & Co. Chase has the largest branch network out of all the biggest banks, with locations in the most states.
ATMs: More than 15,000.
Branches: More than 4,700 in 49 states and Washington, D.C.; no branches in Alaska.
NerdWallet's ratings are determined by our editorial team. The scoring formula incorporates coverage options, customer experience, customizability, cost and more.
2. Bank of America: $2.41 trillion
Bank of America is the second-largest bank in the country. Of the top three biggest banks in the U.S., it offers the fewest branches.
ATMs: About 15,000.
Branches: About 3,800 in 38 states and Washington, D.C.
NerdWallet's ratings are determined by our editorial team. The scoring formula incorporates coverage options, customer experience, customizability, cost and more.
3. Wells Fargo Bank: $1.72 trillion
Wells Fargo is third in terms of domestic assets, but it comes in second for banks with the most branches. But of the top three largest banks, Wells Fargo offers the fewest number of ATMs.
ATMs: More than 11,000.
Branches: More than 4,400 in 36 states and Washington, D.C.
NerdWallet's ratings are determined by our editorial team. The scoring formula incorporates coverage options, customer experience, customizability, cost and more.
4. Citibank: $1.05 trillion
Of the banks on this list, Citibank is among those with the fewest branches, but it does have a massive domestic network of ATMs.
ATMs: More than 65,000 according to the bank, but customers also have access to around 80,000 machines in the Allpoint and MoneyPass networks.
Branches: More than 650 across 12 states and Washington, D.C.
NerdWallet's ratings are determined by our editorial team. The scoring formula incorporates coverage options, customer experience, customizability, cost and more.
5. U.S. Bank: $660.13 billion
U.S. Bank has thousands of fee-free ATMs thanks to its partnership with MoneyPass, and about half as many branches as the top three banks on this list.
ATMs: About 40,000, including those in the MoneyPass network and more from U.S. Bank.
NerdWallet's ratings are determined by our editorial team. The scoring formula incorporates coverage options, customer experience, customizability, cost and more.
In 2021, PNC Bank acquired BBVA USA. PNC Bank now has branches in more than half the country.
ATMs: About 60,000; the bank may reimburse some out-of-network ATM fees.
Branches: More than 2,300 in 28 states and Washington, D.C.
NerdWallet's ratings are determined by our editorial team. The scoring formula incorporates coverage options, customer experience, customizability, cost and more.
7. Truist Bank: $526.65 billion
Truist Bank is the result of the 2019 merger of BB&T and SunTrust Bank. Its headquarters are in Charlotte, North Carolina.
ATMs: More than 2,900.
Branches: More than 1,900 in 17 states and Washington, D.C.
NerdWallet's ratings are determined by our editorial team. The scoring formula incorporates coverage options, customer experience, customizability, cost and more.
8. Capital One: $478.28 billion
The Capital One network features the one of the largest ATM networks of any bank on this list, but relatively few branches. Some of the branches are Capital One Cafés, where customers can access free Wi-Fi to do work as well as connect with bank representatives to get information about Capital One products and services. Capital One 360, the bank’s online division, offers checking, savings and CD accounts.
ATMs: Around 80,000, including those in the Allpoint and MoneyPass networks.
Branches: Nearly 300 across eight states and Washington, D.C.
NerdWallet's ratings are determined by our editorial team. The scoring formula incorporates coverage options, customer experience, customizability, cost and more.
9. Goldman Sachs: $472.01 billion
While Goldman Sachs is known as an investment bank, it offers consumer banking products and wealth management through Marcus by Goldman Sachs. Its high-yield savings account and CDs are online-only and offer competitive interest rates.
NerdWallet's ratings are determined by our editorial team. The scoring formula incorporates coverage options, customer experience, customizability, cost and more.
10. TD Bank: $369.86 billion
TD Bank’s physical reach is less widespread than that of other large banks. Its ATMs and branches are available only along the East Coast.
ATMs: About 2,600.
Branches: About 1,100 in 15 states and Washington, D.C.
NerdWallet's ratings are determined by our editorial team. The scoring formula incorporates coverage options, customer experience, customizability, cost and more.
11. BMO: $264.64 billion
BMO (formerly BMO Harris) offers services at more than 1,000 branches and provides free access to thousands of ATMs.
ATMs: More than 40,000 fee-free ATMs in the U.S., including those in the Allpoint network.
NerdWallet's ratings are determined by our editorial team. The scoring formula incorporates coverage options, customer experience, customizability, cost and more.
12. Citizens Bank: $220.15 billion
Although Citizens Bank has relatively few ATMs, customers can get service at about a thousand branches in the Northeast and Midwest. Citizens acquired the East Coast branches of HSBC Bank in early 2022, after HSBC narrowed its focus to wealth management and high net worth clients.
ATMs: More than 3,000.
Branches: More than 1,000 in 14 states and Washington, D.C.
After a merger in January 2022, CIT Bank became part of First Citizens Bank (aka First-Citizens Bank & Trust Co.). First Citizens took over Silicon Valley Bank’s accounts in March 2023 after SVB failed.
NerdWallet's ratings are determined by our editorial team. The scoring formula incorporates coverage options, customer experience, customizability, cost and more.
14. M&T Bank: $214.67 billion
M&T Bank (aka Manufacturers and Traders Trust Co.) is headquartered in Buffalo, New York. The bank has ATMs in two states where it doesn’t have branches: Florida and Rhode Island.
NerdWallet's ratings are determined by our editorial team. The scoring formula incorporates coverage options, customer experience, customizability, cost and more.
15. Fifth Third Bank: $213.55 billion
Fifth Third Bank has branches in fewer than a dozen states, but its ATM network includes thousands of machines nationwide.
ATMs: More than 40,000, including those in the MoneyPass network.
NerdWallet's ratings are determined by our editorial team. The scoring formula incorporates coverage options, customer experience, customizability, cost and more.
Huntington National Bank has a fair number of branches, but its presence is mainly in the Midwest.
NerdWallet's ratings are determined by our editorial team. The scoring formula incorporates coverage options, customer experience, customizability, cost and more.
17. American Express National Bank: $189.50 billion
American Express National Bank is only available online. In early 2022, the bank launched its Rewards Checking Account, available to consumers who’ve had an American Express credit card for at least three months. The bank’s savings rates are competitive among what you’ll find online or elsewhere.
ATMs: More than 70,000, including those in the Allpoint and MoneyPass networks.
NerdWallet's ratings are determined by our editorial team. The scoring formula incorporates coverage options, customer experience, customizability, cost and more.
18. KeyBank: $185.23 billion
KeyBank offers a large ATM network as well as branches in over a dozen states.
NerdWallet's ratings are determined by our editorial team. The scoring formula incorporates coverage options, customer experience, customizability, cost and more.
19. Ally Bank: $182.37 billion
Ally is only available online and is one of just three banks on this list without any branches. Customers can access their cash for free through machines within a large ATM network.
ATMs: More than 40,000, including those in the Allpoint network.
NerdWallet's ratings are determined by our editorial team. The scoring formula incorporates coverage options, customer experience, customizability, cost and more.
20. HSBC Bank USA: $163.07 billion
HSBC sold most of its U.S.-based business to Citizens Bank and Cathay Bank in early 2022. HSBC now offers premium deposit accounts only.
ATMs: More than 40,000, including those in the Allpoint network.
Chase, part of JPMorgan Chase & Co., is the largest bank by asset size in the U.S., including deposits from checking and savings and other accounts, plus loans, mortgages and more. It has $2.68 trillion in domestic assets, according to the latest information from the Federal Reserve.
What are the five largest banks in the U.S.?
The five largest banks in the U.S., according to domestic assets, are Chase, Bank of America, Wells Fargo Bank, Citibank and U.S. Bank.
What makes big banks different from smaller banks?
Generally, big national banks serve more of the country than regional or community banks do. A regional bank might be limited to serving a few neighboring states; a community bank might serve only one city within a state.
National banks tend to have more technological resources and a wider variety of products than smaller banks; on the other hand, smaller banks can offer more personalized service.
Some of the biggest banks in the U.S. (according to their assets) are also regional banks, serving a smaller area than big-name banks such as Chase and Bank of America. These banks may offer in-person services to a specific region as well as a robust menu of services and accounts online.
Is my money safer in a national bank vs. a regional bank (or a national credit union vs. a regional credit union)?
Your money is equally safe in any bank that's insured by the Federal Deposit Insurance Corp. As long as your bank has this protection, you're insured for up to $250,000 per person, per ownership category, per bank.
Similarly, your money is equally safe in any credit union that’s insured by the National Credit Union Administration. Credit unions that have this protection insure your money for up to $250,000 per person, per account, per credit union.
What is the largest bank in the U.S.?
Chase, part of JPMorgan Chase & Co., is the largest bank by asset size in the U.S., including deposits from checking and savings and other accounts, plus loans, mortgages and more. It has $2.68 trillion in domestic assets, according to the latest information from the Federal Reserve.
, according to domestic assets, are Chase, Bank of America, Wells Fargo Bank, Citibank and U.S. Bank.
What makes big banks different from smaller banks?
Generally, big national banks serve more of the country than regional or community banks do. A regional bank might be limited to serving a few neighboring states; a community bank might serve only one city within a state.
National banks tend to have more technological resources and a wider variety of products than smaller banks; on the other hand, smaller banks can offer more personalized service.
Some of the biggest banks in the U.S. (according to their assets) are also regional banks, serving a smaller area than big-name banks such as Chase and Bank of America. These banks may offer in-person services to a specific region as well as a robust menu of services and accounts online.
Is my money safer in a national bank vs. a regional bank (or a national credit union vs. a regional credit union)?
Your money is equally safe in any bank that's insured by the Federal Deposit Insurance Corp. As long as your bank has this protection, you're insured for up to $250,000 per person, per ownership category, per bank.
Similarly, your money is equally safe in any credit union that’s insured by the National Credit Union Administration. Credit unions that have this protection insure your money for up to $250,000 per person, per account, per credit union.
METHODOLOGY
Banks are ranked according to the size of their domestic assets, including loans, mortgages and credit card accounts. This data is accurate as of March 31, 2024, according to the latest information from the Federal Reserve
