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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.
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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
+ Summary of largest banks in the U.S. and approximate domestic asset size + Summary of largest banks in the U.S. and approximate domestic asset size
Chase: $2.81 trillion.
Bank of America: $2.47 trillion.
Wells Fargo: $1.81 trillion.
Citibank: $1.12 trillion.
U.S. Bank: $669.24 billion.
Capital One: $658 billion.
PNC Bank: $562.63 billion.
Goldman Sachs: $559.81 billion.
Truist Bank: $539.34 billion.
TD Bank: $346.19 billion.
BMO: $252.07 billion.
First Citizens Bank: $229.27 billion.
Citizens Bank: $225.86 billion.
Huntington National Bank: $224.05 billion.
Fifth Third Bank: $213.59 billion.
M&T Bank: $212.89 billion.
American Express National Bank: $211.28 billion.
Ally Bank: $184.65 billion.
KeyBank: $181.71 billion.
HSBC Bank: $165.26 billion.
Nerdy Perspective
What are the biggest pros and cons of large banks?
Ruth Sarreal
Banking Editor & Content Strategist
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.
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.
Ruth Sarreal
Banking Editor & Content Strategist
Tony Armstrong
Head of Content, Banking
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.
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.
Tony Armstrong
Head of Content, Banking
Ruth Sarreal
Banking Editor & Content Strategist
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.
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.
Ruth Sarreal
Banking Editor & Content Strategist
Tony Armstrong
Head of Content, Banking
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.
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.
Tony Armstrong
Head of Content, Banking
Ruth Sarreal
Banking Editor & Content Strategist
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.
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.
Ruth Sarreal
Banking Editor & Content Strategist
Tony Armstrong
Head of Content, Banking
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.
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.
Tony Armstrong
Head of Content, Banking
The largest banks in the U.S.
1. Chase: $2.81 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.
The Capital One-Discover merger was finalized in May 2025. 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 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 90,000, including those in the Allpoint and MoneyPass networks.
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.
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: $211.28 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.
See more information from American Express See more information from American Express
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. Ally Bank: $184.65 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 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.? 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 $2.81 trillion in domestic assets, according to the latest information from the Federal Reserve.
What are the five largest banks in the U.S.? 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? 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)? 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 December 31, 2025, according to the latest information from the Federal Reserve
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