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Top 15 Biggest Banks in the United States
The biggest US banks — such as Chase, Bank of America, and Citibank — are household names that offer convenient branch access and innovative digital products. For example, Bank of America’s virtual assistant, Ericka, has helped millions of customers with tasks such as flagging recurring expenses and scheduling in-person appointments. Chase provides the children […]
The biggest US banks — such as Chase, Bank of America, and Citibank — are household names that offer convenient branch access and innovative digital products. For example, Bank of America’s virtual assistant, Ericka, has helped millions of customers with tasks such as flagging recurring expenses and scheduling in-person appointments. Chase provides the children of customers with youth and teen accounts that rival subscription-based fintech options.
Big banks have major advantages, especially if they offer a welcome bonus to open a new account. They often charge fees to maintain your account or if you overdraft, and their savings rates may leave something to be desired. The best big banks combine the security of working with a large financial institution with the benefits of online banking.
The 15 biggest banks in the US
There are currently more than 4,500 banks in the country. Here are the 15 biggest ones to choose from, according to the most recent data available from the Federal Reserve.
Ranking
Bank name
Assets
1
JPMorgan Chase
$3.51 trillion
2
Bank of America
$2.55 trillion
3
Wells Fargo
$1.72 trillion
4
Citibank
$1.68 trillion
5
U.S. Bank
$664.9 billion
6
PNC
$522.5 billion
7
Goldman Sachs
$543.9 billion
8
Truist Bank
$511.9 billion
9
Capital One
$477.3 billion
10
TD Bank
$370.3 billion
11
Bank of New York Mellon
$351.8 billion
12
State Street Bank and Trust Co.
$321.5 billion
13
BMO
$262.0 billion
14
First Citizens
$219.7 billion
15
Citizens Bank
$219.6 billion
1. JPMorgan Chase Bank
Consolidated assets: $3.51 trillion
New York-based JPMorgan Chase Bank tops the Federal Reserve’s list of largest banks by consolidated assets owned at $3.51 trillion — $2.65 trillion of which represents assets owned domestically. Chase Bank, the consumer banking arm of JPMorgan Chase, has more than 4,700 US branches, over 15,000 domestic ATMs, and a slew of international banking branches. Chase Bank serves customers in more than 60 countries, with offices in the Americas, Europe, North Africa, and Asia.
2. Bank of America
Consolidated assets: $2.55 trillion
Bank of America, based in Charlotte, North Carolina, serves 69 million retail customers and small-business clients. The company has nearly 3,800 branches — which it refers to as “retail financial centers” — and 15,000 ATMs, according to its website. Its digital banking app serves 57 million verified users.
3. Wells Fargo
Consolidated assets: $1.72 trillion
Wells Fargo has occupied the third spot on the list since 2023. It’s had a few rocky years dealing with criminal and civil lawsuits involving fraudulent sales practices, recent investigations into fake hiring practices, and consumer backlash about announcements to close lines of credit. Wells Fargo remains a banking giant in the US. Headquartered in San Francisco, it has more than 4,400 retail banking locations and more than 12,000 ATMs. The bank says it serves 1 in 3 US households and more than 10% of small businesses in the country.
4. Citibank
Consolidated assets: $1.68 trillion
Citibank is the retail banking arm of global financial services giant Citigroup. New York-based Citibank serves some 200 million customer accounts in 160 countries. Citibank customers have access to more than 600 branch locations and more than 65,000 fee-free ATMs across the US. Its digital banking app, Citi Mobile, has a user-friendly interface with tools to help account holders monitor spending and track their credit scores.
5. U.S. Bank
Consolidated assets: $664.9 billion
Minneapolis-based U.S. Bank rounds out the top five. The financial institution has more than 2,000 branches, more than 5,000 ATMs, and operates in 27 states. U.S. Bank customers have access to 24-hour customer service via its customer support app, and the U.S. Bank Smart Assistant, powered by artificial intelligence, is available to customers 24/7.
