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Their strength in assets, number of branches and types of products are some of the characteristics that make some banks better than others. We show you the 5 best national companies in the US.
Your money is one of the most important possessions of your entire life. Regardless of the amount, every penny you have means hours and hours of effort. Hence, it is essential that you take care of it and give its custody to a prestigious financial institution. In the United States, there are myriad banking options between corporates and credit unions. If you don’t know which bank to choose, we present the 5 best national companies in the country.
How is it determined that one bank is better than another? There are several factors to consider in order to find it. At Takecareofmoney we focus on the following factors to offer them to you :
- Total assets
- Number of branches
- Annual current account fee
- APY savings account
- 12 month CD APY
- Customer service products offered.
- Bauer rating
- Products/services offered
- Average mobile app rating
Based on these parameters, these are the top 5 national banks in the US:
5. PNC Bank
PNC Bank stands out for having a low checking fee, $7 per account, and offers a wide range of products and services, such as auto loans, home loans, credit cards, investment services and insurance. The most outstanding product of this company is its Virtual Wallet (virtual wallet), where you can combine two checking accounts, one for your daily expenses and another for specific purposes, such as a savings account. It has more than 2,600 branches.
4. Bank of America
Bank of America has a Bauer rating of 5, especially since it has a great platform in its mobile apps. Its wide range of products and services allows customers to have a good part of their money distributed in different accounts in one place. The Bank of America app has Erica, a virtual financial assistant who helps customers. Among its features, you can review your monthly expenses, request bill reminders, and set alerts on recurring charges and rate increases to effectively track your memberships and subscriptions. It has more than 4,000 locations across the US.
3. Wells Fargo
Wells Fargo has the most locations of any national bank, with more than 5,000 branches. As if that were not enough, it has excellent reviews on its mobile applications. It is one of the first to integrate biometric and fingerprint login to access your account without a password from your device. Plus, you can use Wells Fargo Mobile to add Wells Fargo cards to digital wallets from Apple, Google, Samsung and PayPal for secure contactless payments.
2. JPMorgan Chase
Better known by its simple name like Chase, this bank is close to 5,000 locations and has a 5 point Bauer rating. The corporate is distinguished by a notable face-to-face customer service, making it one of the best options for customers who have complex financial needs that require in-person banking service. It has a wide variety of products offered, such as auto loans, home loans, credit cards, investment services, and insurance.
US Bank tops the list for several reasons: it has the lowest checking fee, the best interest rate on a 12-month CD at 0.05%, and its great offering of products and services. Its con: It does not have as many locations in the country as you would like, around 2,300 branches. Recently, the company unveiled its new voice assistant in Spanish to get closer to the Latino public. Their checking fee is $6.95 a month, though you can avoid it by meeting a few requirements.