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Wells Fargo vs. Bank of America Comparison

Compare providers side-by-side, allowing for easy comparison of features, rates, and terms. The comparison tool encourages individuals to thoroughly review all aspects of each service before making a smart financial decision.

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Online Banking

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Online Banking

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Good For
A Reliable & Convenient Banking Partner
Good For
Manage Your Finances Online
Account types
  • Checking
  • Savings
  • Certificates of Deposit (CD)
Account types
  • Checking
  • Savings
  • Certificates of Deposit (CD)
  • Money Market Deposit Account (MMDA)
Pros
  • Many personal and small business checking accounts and savings accounts
  • Wealth management and investment services available
  • Transparent yields, requirements, and fees
Pros
  • Ample physical branches and ATMs
  • Low minimum deposit requirements
  • Waivable monthly fees
Cons
  • cons May need a high daily minimum balance to avoid maintenance service fees
  • cons Accounts may come with additional fees, such as out-of-network fees
  • cons Lower than average APY compared to digital-only banks
Cons
  • cons APY rates not very competitive
  • cons Only one type of savings account
  • cons An overdraft fee of $35 chargeable daily
Min Deposit
$25
Min Deposit
Min APY Savings
0.15
Min APY Savings
0.01
ATM Network
12,000 Wells Fargo ATMs
ATM Network
Wide network of ATMs nationwide
Overdraft fees
$35
Overdraft fees
$10
Maintenance Fee
$5
Maintenance Fee
$12
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