Top 10 Banks in Usa 2024

The United States is home to a diverse and robust banking sector, with numerous institutions catering to various financial needs. Here’s a brief overview of the top 10 banks in the USA 2024:

1. JPMorgan Chase & Co.: As the largest bank in the United States, JPMorgan Chase offers a wide range of financial services, including retail banking, investment banking, and asset management.
2. Bank of America: With a strong national presence, Bank of America is a major player in the U.S. banking industry, providing services such as consumer banking, wealth management, and investment banking.
3. Wells Fargo & Co.: Wells Fargo is a significant American bank offering diverse financial services, including banking, mortgage, investing, and commercial banking.
4. Citigroup: A global bank, Citigroup operates extensively in the United States, providing services such as consumer banking, institutional clients, and global wealth management.
5. Goldman Sachs Group: While traditionally an investment bank, Goldman Sachs has expanded its services to include consumer banking, making it a notable player in the U.S. financial sector.
6. Morgan Stanley: Known for its investment banking services, Morgan Stanley also offers wealth management and institutional securities, contributing to its prominence in the financial industry.
7. U.S. Bank: As the fifth-largest bank in the U.S., U.S. Bank provides a range of banking services, including retail, corporate, and wealth management.
8. Truist Financial: Formed through a merger of BB&T and SunTrust, Truist Financial is a major regional bank serving the Southeastern United States.
9. PNC Financial Services Group: With a strong presence in the Midwest and Northeast, PNC offers banking, asset management, and financial services to individuals and businesses.
10. TD Bank: A subsidiary of the Toronto-Dominion Bank, TD Bank operates as a prominent retail bank on the East Coast, providing various financial products and services.

This list offers a glimpse into the diverse landscape of U.S. banking, with institutions providing a range of services to meet the needs of individuals, businesses, and investors. Keep in mind that the rankings may evolve over time, and it’s advisable to check for the latest information for the most up-to-date insights.

Top 10 Banks in Usa 2024

Rank by Asset Size	Bank Name	Total Assets	Customer Count	Number of Branches	Number of ATMs
1.	Chase Bank	$3.38 trillion	80 million	4,700	16,000
2.	Bank of America	$2.45 trillion	68 million	3,900	15,000
3.	Wells Fargo	$1.7 trillion	70 million	4,500	11,000
4.	Citibank	$1.68 trillion	200 million accounts globally	600	2,300, plus access to a fee-free network of 65,000 ATMs
5.	U.S. Bank	$657.2 billion	11.6 million	2,000	4,500
6.	PNC Bank	$554.11 billion	12 million	2,400	2,600, plus access to a fee-free network of 60,000 ATMs
7.	Goldman Sachs Bank	$538.13 billion	10 million	None	None
8.	Truist Bank	$535 billion	15 million	2,000	3,000
9.	Capital One	$468.78 billion	100 million	300 branches and 50+ Capital One Cafes	70,000
10.	TD Bank	$366.25 billion	27.5 million globally	1,100	2,700

1. Chase Bank

Since its inception in 1799, Chase has evolved into a formidable financial institution through the collaboration of over 1,200 institutions. Situated at its headquarters on Park Avenue in New York City, Chase stands as the banking institution with the highest assets. Offering a diverse array of financial services, Chase provides numerous checking and savings accounts, investment opportunities, business accounts, and a variety of credit cards.

Advantages Over Other Options:

1. Comprehensive Account Options: Chase stands out by providing an extensive range of account options, allowing clients to manage all their financial needs conveniently under one roof.
2. Wide Retail Presence: With branch locations spanning across 48 states, Chase boasts a retail presence in more states than any other bank on this list, ensuring accessibility for a broad customer base.
3. Family-Friendly Services: Chase caters to families with several free account options tailored for children and college students, reflecting its commitment to accommodating various financial needs.

2. Bank of America

Securing the second position is Bank of America, a financial institution with a rich history spanning centuries. Currently headquartered in Charlotte, N.C., Bank of America has established branch locations in 37 states. Offering a versatile platform encompassing banking, investment, and business services, Bank of America provides a spectrum of financial solutions, including personal and business checking and savings accounts, credit cards, investment banking, and various loan options.

Advantages Over Other Options:

1. Preferred RewardsⓇ Member Program: Bank of America distinguishes itself by offering a tiered Preferred RewardsⓇ member program. This unique program provides various benefits and pricing discounts, each tailored to the customer’s tier level, enhancing the overall banking experience.
2. Merrill Investment and Wealth Management: With Merrill (formerly Merill Lynch) serving as its investment and wealth management division, Bank of America provides customers with easy access to a vast network of over 15,000 financial advisors, enriching their investment options.
3. Financial Education Resources: Bank of America prioritizes customer financial literacy by offering readily available financial education resources on its website. Additionally, the bank provides helpful online savings programs and budget tracking tools, empowering customers to make informed financial decisions.

3. Wells Fargo

Established in 1852 and headquartered in San Francisco, Wells Fargo was founded by Henry Wells and William G. Fargo with the initial purpose of facilitating money transfers across the country. Over the years, Wells Fargo has grown to become the fourth-largest bank in the U.S., offering a diverse array of financial products.

Advantages Over Other Options:

1. Extensive Retail Presence: With a network of more than 4,500 branches, Wells Fargo boasts the largest retail presence among the banks on this list. This expansive reach ensures accessibility for a wide customer base.
2. Versatile Investment Options: Wells Fargo provides customers with multiple options for DIY investing or the opportunity to leverage a network of financial advisors. This flexibility caters to a range of preferences and investment styles.
3. Comprehensive Financial Products: Offering a broad selection of personal banking accounts, loans, and credit cards, Wells Fargo stands out as a preferred choice for customers seeking an all-in-one solution for managing their various financial products. This comprehensive approach contributes to the bank’s appeal as a convenient and versatile financial partner.

4. Citibank

Citigroup, the parent company of Citibank, secures its position as the fourth-largest bank in the United States based on assets. Operating as a global entity, Citibank’s headquarters are situated in New York City. While its branch locations may be more limited compared to other major banks, Citibank compensates with robust mobile and online banking platforms. The bank offers a comprehensive range of financial services, including banking, lending, investing, wealth management, and credit cards.

Advantages Over Other Options:

1. Expansive Global Presence: Citibank distinguishes itself with a vast global presence, conducting operations in over 150 countries. This international reach caters to the diverse financial needs of a global clientele.
2. Competitive CD Yields: Citibank’s Certificate of Deposit (CD) yields typically stand out as more competitive compared to other large, brick-and-mortar banks, presenting an attractive option for individuals seeking profitable savings options.
3. Fee-Free ATM Network: Citibank checking account customers benefit from access to a fee-free ATM network, encompassing more than 60,000 locations across the United States. This extensive network enhances accessibility for customers seeking convenient banking services.

5. U.S. Bank

In 1863, President Lincoln enacted the National Bank Charter No. 24, paving the way for the predecessor of U.S. Bancorp to open its doors for the first time. Presently headquartered in Minneapolis, Minnesota, U.S. Bancorp, the parent company of U.S. Bank, provides a diverse array of financial products, ranging from bank accounts and loans to wealth management and business accounts.

Advantages Over Other Options:

1. Robust Midwest and West Presence: U.S. Bancorp distinguishes itself with a strong presence in the Midwest and West regions, boasting over 2,000 branch locations. This extensive footprint enhances accessibility for customers in these areas.
2. Low or No-Fee Checking Account Options: U.S. Bancorp offers checking account options with low or no fees, providing customers with cost-effective choices. These accounts often come with perks such as the Smart RewardsⓇ benefit program and the opportunity to earn interest, enhancing the overall banking experience.

6. PNC Bank

PNC traces its roots back to 1852 when it originated as Pittsburgh National Bank. With its headquarters still based in Pittsburgh, PNC provides a spectrum of traditional banking options, including checking accounts, savings, investments, credit cards, and various borrowing solutions. Beyond the conventional offerings, PNC distinguishes itself by providing specialty accounts tailored to specific needs, such as accessible banking options for customers with disabilities, student accounts, and accounts designed for military personnel.

Advantages Over Other Options:

1. Interest-Earning Virtual Wallet: PNC offers a virtual wallet that allows customers to earn interest on combined checking and savings accounts, presenting a unique and beneficial feature for those seeking to optimize their financial returns.
2. Built-In Budgeting Tools: PNC incorporates built-in budgeting tools into its banking accounts, facilitating effective financial management for its customers. These tools contribute to a holistic banking experience, empowering customers to stay in control of their finances.
3. Multiple Sign-Up Bonus Options: PNC provides customers with multiple sign-up bonus options, adding an extra incentive for individuals looking to establish a new banking relationship. These bonus options enhance the overall appeal of PNC as a banking partner.

7. Goldman Sachs Bank

Renowned as an investment firm, Goldman Sachs expanded its offerings to include Marcus, a savings account offshoot, in 2016. Despite being entirely online, Goldman Sachs maintains its headquarters in New York City, solidifying its presence in the financial hub.

Advantages Over Other Options:

1. Diverse Investment Options: Goldman Sachs sets itself apart by providing a vast array of investment options catering to both business and consumer banking. This comprehensive suite of offerings ensures versatility and meets the varied financial needs of its clientele.
2. Competitive High-Yield Savings and CD Rates: Marcus by Goldman Sachs stands out with its competitive high-yield savings account and Certificate of Deposit (CD) rates. Offering attractive returns, these options position Goldman Sachs as an appealing choice for individuals seeking profitable savings and investment opportunities.

8. Truist Bank

Truist emerged in 2019 through the merger of SunTrust and BB&T, resulting in the creation of the eighth-largest bank in the U.S. Currently headquartered in Charlotte, N.C., Truist provides a comprehensive range of financial services, including personal banking, business banking, and commercial banking tailored for large enterprises.

Advantages Over Other Options:

1. Strong Regional Presence: Truist establishes a robust presence in the South, Mid-Atlantic, and Midwest regions, boasting over 2,000 retail locations. This extensive network enhances accessibility for customers in these areas, contributing to its appeal.
2. Checking Account Perks: Truist’s checking account is designed with customer benefits in mind. It includes perks such as no overdraft fees, low or no monthly fees, free personal checks, and a negative balance buffer. These features enhance the overall banking experience, providing customers with added flexibility and cost-effectiveness.

9. Capital One

Capital One, established in 1994, has swiftly risen in prominence and now stands among the key players in the financial industry. Headquartered in McLean, Virginia, Capital One was founded by Richard Fairbanks and has carved a niche for itself not only in banking but also in the credit space. Notably, the institution does not extend its services to investment management.

Advantages Over Other Options:

1. Advanced Mobile App: Capital One distinguishes itself by offering an advanced and user-friendly mobile app. The app’s features provide customers with a seamless and efficient digital banking experience, catering to the preferences of modern users.
2. Extensive No-Fee Credit Cards: Capital One boasts a large catalog of credit cards, and notably, many of them come with no annual fees. This variety provides customers with diverse options to choose from, allowing them to select credit cards that align with their specific needs and preferences.

10. TD Bank

While the TD Group’s headquarters are now situated in Cherry Hill, New Jersey, the bank’s origins trace back to Canada. Established in 1855 in Toronto by millers and merchants, TD initially entered the U.S. market in 1919 with the opening of its New York City location. The TD Group provides a comprehensive suite of financial services, encompassing savings and checking accounts, mortgage and loan options, credit cards, and various investment opportunities.

Advantages Over Other Options:

1. Focus on Cross-Border Banking: TD Group sets itself apart by emphasizing cross-border banking between the U.S. and Canada. This specialized focus caters to customers with international financial needs, providing seamless and convenient banking solutions across borders.
2. TD MySpend App: The TD MySpend app enhances the banking experience by assisting users in tracking their spending and saving habits. This financial management tool aligns with modern preferences for digital solutions, empowering customers to stay informed and in control of their finances.

On this page, we have compiled a ranking of the top 10 banks in the USA for the year 2024. You can review information about the best banks in the USA for 2024 on this page.