When it comes to choosing a bank, it can be overwhelming to sort through the options. The United States has a vast banking system with many institutions offering various services, making it hard to know which bank is the right choice. To help you make an informed decision, we’ve compiled a list of the top 20 banks in the United States, based on factors like size, reputation, customer satisfaction, and accessibility.

Table of Contents

  • Introduction
  • Criteria for selecting the top 20 banks
  • Top 20 banks in the United States
  • JPMorgan Chase & Co.
  • Bank of America
  • Wells Fargo & Company
  • Citigroup Inc.
  • U.S. Bancorp
  • Truist Financial Corporation
  • PNC Financial Services Group, Inc.
  • TD Bank, N.A.
  • Capital One Financial Corporation
  • The Goldman Sachs Group, Inc.
  • Ally Financial Inc.
  • American Express National Bank
  • Charles Schwab Bank
  • Discover Bank
  • BB&T Corporation
  • First Citizens Bancshares, Inc.
  • Flagstar Bank, FSB
  • Huntington Bancshares Incorporated
  • M&T Bank Corporation
  • Regions Financial Corporation
  • Conclusion
  • FAQs

Criteria for selecting the top 20 banks

We considered various factors when selecting the top 20 banks in the United States, such as:

Size: We analyzed the total assets, deposits, and market capitalization of each bank to determine its size.
Reputation: We looked at the bank’s reputation in the market, including its history, awards, and recognition.
Customer satisfaction: We reviewed customer satisfaction ratings from reputable sources like J.D. Power and the American Customer Satisfaction Index (ACSI).
Accessibility: We assessed the bank’s accessibility in terms of branch and ATM locations, mobile app functionality, and online banking services.

Top 20 banks in the United States

JPMorgan Chase & Co.


JPMorgan Chase & Co. is the largest bank in the United States with total assets of over $3.4 trillion. The bank offers various financial services, including investment banking, asset management, and commercial banking. JPMorgan Chase has over 4,700 branches across the country and an extensive network of ATMs.

Bank of America


Bank of America is the second-largest bank in the United States, with total assets of over $2.8 trillion. The bank offers a wide range of services, including personal banking, credit cards, loans, and investment solutions. Bank of America has over 4,300 branches and over 17,000 ATMs nationwide.

Wells Fargo & Company


Wells Fargo & Company is a diversified financial services company with total assets of over $1.9 trillion. The bank offers various financial services, including banking, insurance, investments, and mortgage products. Wells Fargo has over 7,200 branches and over 13,000 ATMs across the United States.

Citigroup Inc.


Citigroup Inc. is a multinational investment bank and financial services corporation with total assets of over $1.9 trillion. The bank offers various financial services, including investment banking, commercial banking, and consumer banking. Citigroup has over 700 branches and 1,800 ATMs in the United States.

U.S. Bancorp

U.S. Bancorp is the fifth-largest bank in the United States, with total assets of over $553 billion. The bank offers a range of services, including banking, investment, mortgage, and payment services. U.S. Bancorp has over 3,000 branches and over 4,900 ATMs across 26 states.

Truist Financial Corporation


Truist Financial Corporation is a bank holding company formed by the merger of SunTrust Banks and BB&T Corporation. The bank has total assets of over $500 billion and offers various financial services, including commercial banking, wealth management, and insurance. Truist has over 2,000 branches and over 3,000 ATMs in the United States.

PNC Financial Services Group, Inc.


PNC Financial Services Group, Inc. is a diversified financial services company with total assets of over $460 billion. The bank offers various services, including retail banking, corporate and institutional banking, and asset management. PNC has over 2,300 branches and over 9,000 ATMs in 21 states.

TD Bank, N.A.


TD Bank, N.A. is a subsidiary of the Canadian multinational TD Bank Group. The bank has total assets of over $400 billion and offers various financial services, including personal banking, small business banking, and commercial banking. TD Bank has over 1,200 branches and over 2,600 ATMs across the East Coast.

Capital One Financial Corporation


Capital One Financial Corporation is a diversified financial services company with total assets of over $390 billion. The bank offers various financial services, including banking, credit cards, loans, and investment solutions. Capital One has over 470 branches and over 2,000 ATMs across the United States.

The Goldman Sachs Group, Inc.


The Goldman Sachs Group, Inc. is a multinational investment bank and financial services corporation with total assets of over $360 billion. The bank offers various financial services, including investment banking, securities, and asset management. Goldman Sachs has over 10,000 employees in the United States.

Ally Financial Inc.


Ally Financial Inc. is a digital financial services company with total assets of over $180 billion. The bank offers various services, including banking, credit cards, and auto financing. Ally has over 30 branch locations and offers online and mobile banking services.

American Express National Bank


American Express National Bank is a subsidiary of American Express Company and offers various financial services, including savings accounts, CDs, and personal loans. The bank has over $120 billion in assets and offers online banking services.

Charles Schwab Bank


Charles Schwab Bank is a subsidiary of Charles Schwab Corporation and offers various financial services, including banking, investment, and retirement solutions. The bank has over $140 billion in assets and offers online and mobile banking services.

Discover Bank


Discover Bank is a subsidiary of Discover Financial Services and offers various financial services, including banking, credit cards, and personal loans. The bank has over $110 billion in assets and offers online and mobile banking services.

BB&T Corporation


BB&T Corporation is a financial services holding company that offers various services, including banking, insurance, and wealth management. The bank has total assets of over $100 billion and has over 1,700 branches and over 2,400 ATMs across the United States.

First Citizens Bancshares, Inc.


First Citizens Bancshares, Inc. is a bank holding company with total assets of over $47 billion. The bank offers various services, including personal banking, small business banking, and commercial banking. First Citizens has over 550 branches and over 1,100 ATMs across 19 states.

Flagstar Bank, FSB


Flagstar Bank, FSB is a subsidiary of Flagstar Bancorp, Inc. and offers various financial services, including banking, home loans, and commercial lending. The bank has total assets of over $31 billion and has over 160 branches across the United States.

Axos Bank


Axos Bank is an online bank that offers various financial services, including personal banking, business banking, and home loans. The bank has total assets of over $14 billion and offers online and mobile banking services.

Bank of the West


Bank of the West is a subsidiary of BNP Paribas and offers various financial services, including banking, investment, and insurance. The bank has total assets of over $90 billion and has over 500 branches and over 900 ATMs across the United States.

HSBC Bank USA, National Association


HSBC Bank USA, National Association is a subsidiary of HSBC Holdings plc and offers various financial services, including personal banking, commercial banking, and wealth management. The bank has total assets of over $200 billion and has over 200 branches across the United States.

Conclusion

These are the top 20 banks in the United States based on their total assets. While each bank has its unique strengths and weaknesses, all of them offer a range of financial services to their customers. When choosing a bank, it’s essential to consider factors such as interest rates, fees, convenience, and customer service.

FAQs

What is the largest bank in the United States?
Answer: JPMorgan Chase & Co. is currently the largest bank in the United States based on its total assets.

Which bank has the most branches in the United States?
Answer: Wells Fargo & Company currently has the most branches in the United States.

Is it safe to bank with online-only banks?
Answer: Yes, it is generally safe to bank with online-only banks as long as they are FDIC-insured.

What factors should I consider when choosing a bank?
Answer: You should consider factors such as interest rates, fees, convenience, customer service, and the range of services offered.

Can I open a bank account online?
Answer: Yes, many banks offer the option to open a bank account online.