Top banks in USA 2024

Beyond the Vault: Unveiling the Finest Banks in the United States

The definition of "the best banks" varies based on the requirements and preferences of consumers. However, certain essential criteria must be met in order to be ranked among the top banks. Banks that offer financial stability, great customer service, convenience, interest rates, technological advancements, fees and charges for services, and so on. According to various publications, the following are some of the greatest banks in the United States as of 2024. 

1. Chase Bank

In the banking sector, Chase Bank has emerged as a beacon of excellence with its cutting-edge digital solutions and wide physical presence across the nation. With over 4700 physical branches across the nation, Chase Bank offers unmatched access for its customers. Additionally, Chase Bank also has more than 16,000 ATMs, which helps enhance access for its customers across the country. Chase has been a reliable partner in negotiating the complexities of personal and business finance, despite the changing financial landscape.

Chase Bank is hard to beat when it comes to bank bonuses and incentives. They frequently reward new banking customers with sign-up bonuses that are available nationally. Another well-known attribute of Chase is its credit card sign-up bonuses.

2. Citi Bank

Citi Bank was originally known as the City Bank of New York. It has an estimate of around $1.7 trillion. Citi Bank was an early pioneer in the credit card business and ATMs. Citi Bank also became the first bank in the country to have a banking office operating in a foreign country. The first foreign branch was expanded to Argentina in the year 1914. As of 2024, the bank has 660 branches in the US and more than 100 branches across the world.

Citi Bank has also emerged as a distinctive player, holding the title for providing the highest APY (annual percentage yield) of 4.45% on a personal savings account. Citi Bank has over 65,000 ATMs across the country. Citi Bank offers a wide range of services, such as checking accounts, savings, CDs, MMAs, credit cards, loans, investment accounts, and business accounts as well.

3. U S. Bank

U.S. Bank is the fifth-largest bank in the US and undoubtedly one of the best in the country as well. US Bank is a part of U.S. Bancorp and boasts assets of around $670 billion. US Bank has its headquarters in Minneapolis, and its primary services are provided in the Midwest and West. It has more than 2340 domestic branches. The U.S. Bank that we know of today is the result of several mergers and acquisitions of many regional banks. The banks included Heritage Bank, Old National Bank, Northwestern Commercial Bank, People’s National Bank, Heart Federal Savings and Loan, and West One Bancorp.

U.S.  Bank offers 24/7 phone assistance to its customers. The CD rates of U.S.  Bank are higher than those of most big national chains, with a 4.80% APY.

U.S. Bank offers a $1000 bonus for opening a new Smartly Checking and Savings account. It offers an amalgamated bonus, which means that the more activities that people can complete, the more they can earn.

4. Discover Bank

While Discover Bank is often associated with its credit card, it may come as a surprise that Discover Bank is also a comprehensive online bank. It is one of the top 10 banks in the country. Discover Bank stands out for its customer-friendly fee structure. It offers a free online banking experience. Discover commits to providing innovative and rewarding financial solutions. Although Discover Bank primarily operates online, it does have a physical branch in Delaware, giving a touch of tradition to the modern banking approach of Discover.

Discover Bank, however, does have more than 415,000 ATMs, ensuring that customers can have access to their funds and conduct transactions across the country. The bank's characteristics of versatility, innovation, and transparency make it a great choice for consumers to have a great banking experience.

It offers an all-inclusive suite of various financial products such as CDs, MMAs, credit cards, and loans as well. Furthermore, the banking institution also stands out when it comes to the competitive savings landscape, with an astounding 4.35% annual percentage yield, helping people maximize their savings. Discover Bank is the top-rated bank in the country for its services to its customers.

5. PNC Bank

One of the biggest national banks in the US is PNC Bank, which is headquartered in Pittsburgh. It operates in 28 states and has a large network of more than 2600 outlets.

In addition to the standard financial products that many big banks provide—credit cards, certificates of deposit, money market accounts, etc.—PNC Bank also provides a special kind of virtual wallet. For its users, the virtual wallet is a complete collection of different accounts that combines checking, savings for the short term, and long-term savings into a single, cohesive financial package.

The majority of PNC Bank's operations are located on the east coast. Its total assets exceed $554 billion, and it has over 2341 branches. It also has more than 60,000 ATMs across the nation.

6. Bank of America

The Bank of America was initiated in 1998, when two major banks, Nations Bank and Bank America, were merged. Today, Bank of America is the second-largest bank in the country. It serves more than 10% of all the deposits made in America.

Bank of America has more than 3900 branches and 15000 ATMs across the country. Presently, Bank of America has increased its involvement in the online banking space and boasts of having one of the best financial mobile apps that are available in the country. Bank of America additionally employs a lot of customer service representatives in order to aid its growing customers with a holistic banking experience. They are also fairly active on Twitter and in online chat, and customers can ask for aid in matters related to the bank and its services.

7. TD Bank

TD Bank promotes itself as the most efficient bank in the country. TD Bank has, in fact, a parent business located in Canada. Cherry Hill, New Jersey, operates as the headquarters for the US subsidiary. The bank has 1170 branches throughout the country.

According to J.D. Power's comprehensive survey of banking customer satisfaction, TD Bank rated third in terms of branch service, banking satisfaction, and convenience. TD has around 1100 branches and 2600 ATMs.

TD Bank has an estimated $374 billion in assets, which makes it one of the most valuable banks in the country. The bank provides a $300 sign-in bonus for consumers as well.

8. Wells Fargo

Wells Fargo is among the Big Four American national banks, which means that these banks manage more money than other banks in the country. Wells Fargo is the fourth-largest bank in the country and has over $1.67 trillion in assets. It merged with Norwest Corporation in 1998 and acquired Wachovia National Bank in 2008.

Furthermore, Wells Fargo has the oldest continuously operating bank charter in the United States. Wells Fargo offers all sorts of financial services, such as bank accounts, loans, credit cards, retirement planning, and wealth management services.

Being on the list of one of the top 10 banks in the country, Wells Fargo has been developing various policies that are environmentally friendly. It also continuously strives to eliminate issues when it comes to overdraft transfer fees, the early payday feature, and eliminating NSF.

As of 2024, Wells Fargo has over 4800 branches in the country and more than 12,000 ATMs spread across the country.

9. Ally Bank

Arguably one of the most reputable online banks in the nation is Ally Bank. Ally Bank does not operate from any brick-and-mortar location and does not have its own ATMs because it only conducts business online. It does, however, grant access to 43000 Allpoint ATMs nationwide.

Customers benefit from reduced overhead expenses and higher interest rates as a consequence of the business's online operations.

In conjunction with providing 4.35% APY, Ally Bank presents sign-up bonuses to its customers.

10. P Morgan

J.P. Morgan is one of the most successful banks in America, boasting $3.38 trillion in assets. J.P. Morgan is not merely one of the country's largest banks but also one of the world's largest.

J.P. Morgan is well-known when it comes to investment banking as well as private wealth management. Additionally, the bank offers retail and commercial banking services. J.P. Morgan operates more than 4883 branches around the country.