Woman surprised by the list of the largest banks in the U.S.

Largest Banks In The U.S. [2024 – Biggest Banks in America]

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With a gross domestic product (GDP) of $23 trillion, the United States has the largest economy in the world. It’s no surprise, then, that it’s also home to some of the world’s biggest banks.

First of all, there are the “big four banks” to consider. Each with over $1 trillion in assets.

Then there are other major banks with ATMs and branches around the country.

All that can be overwhelming for the average person who just needs to choose a bank.

That’s why I’ve compiled a list of the 10 largest banks in the U.S. and broken them down by their key characteristics. 

View of a major city with the largest banks in the U.S.
The largest banks in the U.S. provide personal banking options across the country.
Source: Unsplash

10 Largest Banks in The U.S.

Before choosing a bank, you’ll want to consider a few key questions:

  1. How many branches are there?
  2. What types of accounts does the bank offer?
  3. What special features, deals, or interest rates are available?

You’ll find all that information in this breakdown of the 10 biggest banks in America.

1 – JP Morgan Chase Bank

Total Assets: $3.2 trillion

Total Branches: 4,820

Total ATMs: Over 15,000

Headquarters: New York City, NY

Most assets? Check!

Highest number of branches? Check! 

Located in all 48 contiguous U.S. states? Check!

Chase Bank is the largest of the major banks, no matter what way you slice it. And that helps Chase customers for two reasons:

  1. Big banks are generally considered safer.
  2. It’s easy to find in-person service or an ATM.

You can conduct pretty much any standard type of banking with Chase Bank. Services include: 

  • Checking accounts
  • Savings accounts
  • Credit cards
  • Investment services
  • Travel rewards
  • Cash-back systems

And there’s a special perk I better mention: You can earn a sign-up bonus just by opening a checking account and setting up direct deposit.

Pretty generous, huh? No wonder it’s the biggest bank in the land!

2 – Bank of America

Total Assets: $2.5 trillion

Total Branches: 3,828

Total ATMs: Over 15,000

Headquarters: Charlotte, NC

As its name suggests, Bank of America is one of the biggest banks in America. And while it’s not available in every state, it does have branches in 37 of them. 

Bank of America offers all the services you’d expect from the major banks:

  • Personal banking (checking and savings accounts)
  • Commercial banking
  • Credit cards
  • Home loans
  • Auto loans

Online banking is one of Bank of America’s strong points. You can manage a checking account, credit cards, cash investments, and savings accounts – all through a user-friendly online portal. 

And while the savings accounts earn you just 0.01% APY, you can earn up to 4.50% APY on CDs (at the time of this publication).

That’s why it’s smart to work with the largest banks in the U.S. They have lots of options, so you can find the services that make the most of your savings!

3 – Citibank

Total Assets: $1.7 trillion

Total Branches: 782

Total ATMs: Over 65,000 (including partner ATMs)

Headquarters: New York City, NY

Of the largest banks in the U.S., Citibank is the one with the most branches abroad: over 120. It also has ATMs in 20 countries, making it an especially appealing option for world travelers.

And even if you don’t have any globetrotting on your agenda, Citibank has a lot to offer right here at home.

As a full-service financial institution, Citibank provides:

  • Checking accounts
  • Saving accounts
  • CDs
  • Banking IRAs
  • Credit cards
  • Investing 
  • Wealth management

And one Citibank feature is especially exciting: The high-yield savings account, which earns 3.85% APY (at the time of this publication). That’s much higher than what you typically get from the largest banks in the U.S.

4 – Wells Fargo Bank

Total Assets: $1.6 trillion

Total Branches: 4,611

Total ATMs: Over 12,000

Headquarters: San Francisco, CA

Wells Fargo Bank rounds out the “Big Four Banks.” And while it’s a bit smaller than the other three, it’s still a behemoth. I mean, any time you see over $1.6 trillion in assets, you know you’re dealing with a massive institution! 

Like its “Big Four” competitors, Wells Fargo Bank has a wide network of branches and ATMs. You can find Wells Fargo Bank branches in 37 different states.

And for account holders, more branches means greater convenience. Because, trust me, driving hours to make a transaction can be a serious pain!

Wells Fargo Bank offers a standard, comprehensive list of services – just what you’d expect from one of the largest banks in America. 

There’s a special perk you should know about: Young account holders (ages 13-24) don’t have to pay the monthly fee, no matter the size of their account balance.

5 – U.S. Bank

Total Assets: $590 billion

Total Branches: 2,208

Total ATMs: Over 37,000 (including fee-free MoneyPass ATMs)

Headquarters: Minneapolis, MN

U.S. Bank is a fair bit smaller than the Big Four Banks, with “only” $590 billion in assets. But that’s still a lot of money, enough to make U.S. Bank the fifth largest biggest bank in America.

And U.S. Bank offers all the standard benefits of a major bank:

  • Branches across the country (in 27 states)
  • A large ATM network
  • A wide range of services
  • Little chance of failing (since bigger banks are generally safer)

U.S. Bank really stands out with its high-yield certificates of deposits (CDs). This is a simple form of investing: You give your money to the bank for an agreed-on amount of time, then they pay you back with interest.

Currently, you can get CDs from U.S. Bank with up to 4.40% APY. That’s way above the national average of 2.81%.

6 – PNC Bank

Total Assets: $552 billion

Total Branches: 2,557

Total ATMs: Almost 60,000 (including partner ATMs)

Headquarters: Pittsburgh, PA

PNC Bank offers the same benefits as all the largest banks in the U.S., and also something more: an all-in-one financial management system called the “Virtual Wallet.”

The Virtual Wallet includes three different accounts; all managed together:

  1. A checking account
  2. A short-term savings account
  3. A long-term savings account

And if you don’t want all three accounts, you can also choose to open just the account that appeals to you while still getting access to the convenience of the Virtual Wallet’s features.

Managing your accounts with PNC Banks is simple, for two reasons:

  1. The mobile platform allows for convenient online banking
  2. PNC has a large network of ATMs and branches
Group of friends discussing the largest banks in the U.S.
The biggest banks in America often provide excellent digital services. 
Source: Unsplash

7 – Truist Bank

Total Assets: $546 billion

Total Branches: 2,006

Total ATMs: Over 3,000

Headquarters: Charlotte, NC

In 2019, SunTrust Bank and BB&T merged. The result? Truist Bank is now the 7th-largest bank in America.

As a relatively new entity, Truist Bank is just starting to build its reputation. So far, many observers like what they see. Truist Bank even has an A+ rating from the Better Business Bureau.

Truist Bank stands out from other major banks by affirming its commitment to “community values.” 

Are you skeptical of companies that say they care? I hear you. But with a multi-billion dollar plan to support homeownership, Truist is putting its money where its mouth is.

Something else you can associate with Truist: a variety of options. While other banks are streamlining their offerings, Truist seems to be promoting personal choice. 

For example, there are five levels of checking accounts to consider, each with its own benefits and expectations.

8 – Goldman Sachs Bank

Total Assets: $486 billion

Total Branches: 4

Total ATMs: 0

Headquarters: New York City, NY

Goldman Sachs is famous for its investment banking. Basically, it helps corporations, governments, and other big players move serious amounts of money around.

And that’s why Goldman Sachs is the only bank on this list without a single branch.

But Goldman Sachs isn’t just an investment bank. In fact, it has a growing personal banking operation, which goes by the name of “Marcus by Goldman Sachs.” 

Marcus doesn’t have any physical presence, but it’s become a major force in the online banking world. You can use the service for:

  • High-yield savings accounts – currently with up to 4.15% APY
  • CDs – currently with up to 4.75% APY
  • Personal loans
  • Personal investments

And those interest rates aren’t merely competitive – they’re fantastic!

9 – Capital One

Total Assets: $453 billion

Total Branches: 293

Total ATMs: Over 70,000 (including fee-free MoneyPass and Allpoint ATMs)

Headquarters: McLean, VA

Capital One is an innovative bank that offers a uniquely pleasant banking experience.

Yes – I just used “pleasant” and “banking experience” in the same sentence. Because it turns out that managing an account doesn’t have to be a headache!

Despite having only 293 branches, Capital One placed 1st in J.D. Power’s 2022 U.S. National Banking Satisfaction study. That means customers liked working with Capital One more than any other bank, even with limited options for face-to-face service.

Why is that possible?

Because Capital One has mastered the art of mobile banking.

Capital One’s mobile app has a 4.9-star rating in the App Store. That’s higher than Words With Friends! When a bank’s app outscores a popular game, you know they’re doing something right.

And then there’s the massive network of 70,000 ATMS. And the credit cards with generous rewards. And the branded “cafes” where account holders get discounts on snacks and coffee.

So, yeah. Working with Capital One is such a lovely experience that you might just have to try it!

10 – TD Bank

Total Assets: $386 billion

Total Branches: 1,164

Total ATMs: Over 2,600

Headquarters: Wilmington, DE

TD Bank markets itself as being all about convenience. In fact, they even call themselves “America’s most convenient bank.”

And in the Eastern half of the country, that claim might actually be true. TD Bank’s branches are concentrated in 15 Eastern states, with 304 in Massachusetts alone!

But what about West Coasters, or even people in the central part of the country? Sadly, TD Bank isn’t a viable option, because crossing coasts to withdraw cash certainly isn’t convenient! 

Commonly Asked Questions About The Largest Banks in The US 

What is the Richest Bank in the United States?

The richest bank in the U.S. is JP Morgan Chase Bank, with $3.2 trillion currently in assets.

What are the Big 4 Banks in the USA?

The Big 4 Banks in the USA are:

  1. JP Morgan Chase Bank ($3.2 trillion in assets)
  2. Bank of America ($2.5 trillion in assets)
  3. Citibank ($1.7 trillion in assets)
  4. Wells Fargo Bank ($1.6 trillion in assets)

What is Truist Bank Ranked in Size?

Truist Bank is currently the 7th-largest bank in the U.S., with $546 billion in assets. It has 2,006 branches and over 3,000 ATMs around the country.

What is the Largest US Bank By Branches?

The largest bank by branches in the U.S. is JP Morgan Chase Bank – with 4,820 branches around the country. JP Morgan Chase is also the biggest U.S. bank by asset size ($3.2 trillion).

Largest Banks in the World?

The top five largest banks in the world are:

  1. Industrial and Commercial Bank of China
  2. China Construction Bank Corporation
  3. Agricultural Bank of China
  4. Bank of China
  5. JP Morgan Chase Bank

Top 10 Banks in the USA? 

The 10 largest banks in the USA are:

  1. JP Morgan Chase Bank
  2. Bank of America
  3. Citibank 
  4. Wells Fargo Bank 
  5. U.S. Bank 
  6. PNC Bank 
  7. Truist Bank 
  8. Goldman Sachs Bank 
  9. Capital One
  10. TD Bank

Top 5 Banks in the World?

Here are the rankings for the 5 biggest banks in the world:

  1. Industrial and Commercial Bank of China
  2. China Construction Bank Corporation
  3. Agricultural Bank of China
  4. Bank of China 
  5. JP Morgan Chase Bank