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20 Largest Banks in the U.S.
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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
4.00%Annual Percentage Yield (APY) is accurate as of 10/09/2025. APY may change at any time before or after the account is opened. Available only online.
5.00%Annual Percentage Yield (APY) is accurate as of June 17th, 2025. Start earning 2.50% APY, then qualify to earn 5.00% APY on your balance up to $5,000.00 and 2.50% APY on balances over $5,000 next month by 1) Receiving direct deposit(s) totaling $1,000 or more; and 2) Ending the month with a positive balance in all your Varo Accounts. No fees, no minimums required. Rates subject to change at any time.
3.50%Annual Percentage Yield (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.
Up to 3.90%The Base Annual Percentage Yield (APY) is 3.25%, from program banks, is as of 12/19/25, is variable and is subject to change. If you are eligible for the overall boosted rate of 3.90% offered in connection with this promo, your boosted rate is also subject to change if the base rate decreases during the three-month promotional period. This limited-time promo offers eligible new Wealthfront clients a 0.65% APY increase over the standard base APY for 3 months on up to $150k in their Cash Accounts. Cash Account offered by Wealthfront Brokerage LLC, Member FINRA/SIPC, and is not a bank. Base APY (is representative, subject to change, requires no minimum) is paid from our Program Banks.
3.90%Cash Reserve offered by Betterment LLC and requires a Betterment Securities brokerage account. Betterment is not a bank. Learn More (https://www.betterment.com/cash-portfolio). Annual percentage yield (variable) is 3.25% as of 12/12/25, plus a 0.65% boost (“APY Boost”) for new clients with a qualifying deposit. $10 min deposit for base APY. Terms apply (betterment.com/boost); if the base APY changes, the Boosted APY will change. FDIC insurance provided by Program Banks (https://www.betterment.com/cash-portfolio), 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.
4.05%All Bread Savings APYs are accurate as of 12/18/2025. 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 12/18/2025. NerdWallet.com obtains the data from the various banks that it tracks and its accuracy cannot be guaranteed.
4.10%Annual Percentage Yield (APY) is subject to change at any time without notice. Offer applies to personal non-IRA accounts only. Fees may reduce earnings. For CD accounts, a penalty may be imposed for early withdrawals. After maturity, if your CD rolls over, you will earn the offered rate of interest in effect at that time. Visit synchrony.com/banking for current rates, terms and account requirements. Member FDIC.
Term
9 months
Checking accounts are used for day-to-day cash deposits and withdrawals.
Checking accounts are used for day-to-day cash deposits and withdrawals.
2.00%Annual Percentage Yield (APY). APY may change at any time and fees may reduce earnings. Please visit etrade.com/ratesheet for more information. The $15 monthly account fee can be waived when you maintain an average monthly balance of at least $5,000 in the account on or after the end of the second calendar month from opening the account.
Monthly fee
$15
Money market accounts pay rates similar to savings accounts and have some checking features.
Money market accounts pay rates similar to savings accounts and have some checking features.
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.
The largest banks in the U.S.
1. Chase: $2.70 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.
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.
U.S. Bank has tens of thousands of fee-free ATMs thanks to its partnership with MoneyPass, and about a couple thousand 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.
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.
The Capital One-Discover merger was finalized in May (and thus has likely become the sixth-largest bank), but the domestic asset size for this list is according to the most recent data available from the Federal Reserve, which is from before the merger was completed. Capital One’s network features 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 WiFi 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 90,000, including those in the Allpoint and MoneyPass networks.
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.
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.
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.
17. American Express National Bank: $203.45 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 35 days. 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.
American Express says: "At Allpoint® and MoneyPass® locations in the U.S., you can withdraw cash and get balance information with no fee. Access to ATMs outside of the Allpoint® and MoneyPass® networks are subject to fees by the ATM owner and/or network. ATM withdrawal limits apply. American Express applies foreign exchange fees to withdrawals in foreign currencies. American Express does not accept ATM cash deposits into your Business Checking account at this time. Visit americanexpress.com/atm-locator to find participating ATMs in the U.S."
18. KeyBank: $185.78 billion
KeyBank offers a large ATM network as well as branches in over a dozen states.
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 75,000, including those in the Allpoint and MoneyPass networks.
» Want to earn a cash bonus for opening a new bank account? Check out our best bank promotions
Frequently asked questions
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 $2.70 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 $2.70 trillion in domestic assets, according to the latest information from the Federal Reserve.
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, 2025, according to the latest information from the Federal Reserve
