20 Largest Banks in the U.S.

October 6, 2021

Putting your money with one of the largest banks generally means you’ll have more access to in-person services at branches, a large ATM network and a wide array of products and services, which can be convenient if you’re looking to do all your banking in one place.

To find the largest banks in the U.S., we looked at domestic asset sizes of institutions that serve both consumers and small businesses. A bank’s assets include the amount in customers’ deposit accounts, as well as loans, mortgages and credit card accounts. Some of these banks have thousands of branches, while others are mostly, or exclusively, online. All of these banks are FDIC insured.

Based on asset size, here are the top 20 largest banks in the United States.

» Want the best banks instead? Check out NerdWallet’s picks for the best national banks

+ Summary of largest banks in the U.S.

The largest banks in the U.S.

1. Chase

Chase, the largest bank for consumers and small businesses, is part of JPMorgan Chase & Co. It has one of the largest branch networks out of all the biggest banks, with locations in the most states.

ATMs: 16,000; some or all out-of-network ATM fees waived for premium accounts.
Branches: 4,800+ in 48 states and Washington, D.C., with high concentrations in California, the East Coast and Texas; no branches in Alaska or Hawaii.

2. Bank of America

Bank of America is the second-largest bank, located in the second-most number of states. Of the top three banks on this list, it offers the fewest branches but the most ATMs.

ATMs: About 17,000; some or all out-of-network ATM fees waived but only for some premium accounts.
Branches: About 4,200 in 37 states and Washington, D.C., mostly concentrated in California, the East Coast and Texas.

3. Wells Fargo Bank

Of the top three largest banks, Wells Fargo offers the fewest number of ATMs but the largest number of branches for those who prefer in-person banking.

ATMs: 12,000+; some or all out-of-network ATM fees reimbursed for some premium accounts.
Branches: About 4,900; in 36 states and Washington, D.C., with high concentrations in California, Florida and Texas.

4. Citibank

Citibank has one of the fewest numbers of branches of banks on this list, but it does have 1,800 branches overseas and a massive domestic network of ATMs.

ATMs: 65,000+, including those in Allpoint and MoneyPass networks; out-of-network ATM fees refunded for some premium accounts.
Branches: 650+ across 11 states and Washington, D.C.; with high concentrations in California and New York.

5. U.S. Bank

U.S. Bank offers thousands of ATMs and about half as many branches as the top three banks on this list.

ATMs: Thousands, including those in the MoneyPass network.
Branches: About 2,300 in 26 states, with high concentrations in California, Illinois and Ohio.

6. Truist Bank

Truist is the result of the merger of BB&T and SunTrust Bank; if you have an account at either bank, you’re a customer of Truist. It offers the fourth-highest number of branches of any bank on this list, with locations on the East Coast, in the Midwest and in the South.

ATMs: About 3,700; BB&T and SunTrust customers can make cash withdrawals for free at each other’s ATMs.
Branches: About 2,500 in 17 states and Washington, D.C., with high concentrations in Florida, North Carolina and Virginia.

7. PNC Bank

As of July 2021, PNC Bank acquired BBVA USA and is transitioning customers and accounts. Including BBVA branches, PNC Bank now has branches in over half the country.

ATMs: About 18,000; the bank may reimburse up to two out-of-network ATM fees per statement period.
Branches: 2,800+ in 27 states and Washington, D.C., with high concentrations in Pennsylvania and Texas.

8. TD Bank

TD Bank’s physical reach is less widespread than other large banks. Its ATMs and branches are available only along the East Coast.

ATMs: 700; the bank may reimburse out-of-network ATM fees for some accounts, depending on the balance.
Branches: About 1,100 in 15 states and Washington, D.C, mostly concentrated in Florida, Massachusetts, New York and Pennsylvania.

9. Capital One

The Capital One network features the most ATMs of any banks on this list but relatively few branches. Some of the branches are Capital One cafes, where customers can attend free workshops and receive one-on-one financial coaching.

ATMs: 70,000+.
Branches: 300+ across seven states and Washington D.C.; mostly concentrated in Louisiana and New York.

10. Fifth Third Bank

Fifth Third Bank is concentrated mainly in the South and Midwest, but its ATM network is the third largest of the banks on this list.

ATMs: 50,000+, including ATMs in the Allpoint, Presto! and 7-Eleven network.
Branches: 1,100+ in 11 states, with high concentrations in Illinois, Michigan and Ohio.

11. HSBC Bank

Though it currently sits at #11 on this list, HSBC will soon be closing down its U.S. retail banking business. Citizens Bank and Cathay Bank have agreed to purchase HSBC’s banking business on the East and West Coasts, respectively. Savings, checking and loan customers will have their accounts transferred to either Citizens or Cathay by March 2022.

ATMs: 2,700+ with Citizens Bank; 37,000+ with Cathay Bank, including those in the MoneyPass network.
Branches:
- About 1,000 with Citizens Bank in 12 states, with high concentrations in Massachusetts, New York and Pennsylvania.
- Around 60 with Cathay Bank in nine states, primarily concentrated in California.

12. Citizens Bank

Though Citizens Bank has relatively few ATMs, customers can get service at about a thousand branches in the Midwest and Northeast.

ATMs: 3,000
Branches: 900+ in 12 states, with high concentrations in Massachusetts, New York and Pennsylvania.

13. KeyBank

KeyBank offers the fifth-largest ATM network of the banks on this list, as well as branches in over a dozen states.

ATMs: 40,000+, including those in the Allpoint network. The bank’s premium account offers unlimited rebates on out-of-network ATM fees.
Branches: 1,000+ in 16 states, with high concentrations in New York, Ohio and Washington.

14. Huntington National Bank

Huntington National Bank has a fair number of branches, but its presence is mainly in the Midwest.

ATMs: 1,700+; some or all out-of-network ATM fees are reimbursed with select accounts.
Branches: 1,300+ locations in 12 states, with high concentrations in Michigan and Ohio.

15. Ally Bank

Ally is available online only, and is one of just two banks on this list without any branches. Customers can access their cash for free via the fourth-largest ATM network on this list.

ATMs: 43,000+; up to $10 in out-of-network ATM fees reimbursed each statement cycle.
Branches: 0.

16. First Republic Bank

First Republic Bank offers the fewest branches of the brick-and-mortar banks on this list. It’s located mostly in California.

ATMs: None, but cash withdrawals are free at any ATM with some checking accounts.
Branches: 72 locations across 10 states; mostly in California.

» Want to learn how your money is protected in a bank? Read about FDIC insurance

17. BMO Harris Bank

BMO Harris offers services at just a few hundred branches but provides free access to thousands of ATMs via the fifth-largest network on this list (tied with KeyBank).

ATMs: 40,000+ fee-free ATMs, including those in the Allpoint network.
Branches: 500+ in eight states, with high concentrations in Illinois and Wisconsin.

18. Regions Bank

Regions Bank is mostly concentrated in a handful of Southern states. It offers over a thousand branches and a couple thousand ATMs.

ATMs: About 2,000.
Branches: 1,300+ locations in 15 states, with high concentrations in Alabama, Florida and Tennessee.

19. Union Bank

Union Bank is one of the smaller institutions on this list when it comes to the number of branches and ATMs, with a presence only on the West Coast.

ATMs: 450+; for select accounts, no fees for using any ATM, plus up to two reimbursements for out-of-network ATMs per statement period.
Branches: About 300 in California, Oregon and Washington.

20. American Express National Bank

American Express National Bank is available online only. There are no checking accounts, so customers don’t receive ATM cards. But, savings rates are among the best you’ll find online or elsewhere.

» Interested in banks that offer a sign-up bonus for new accounts? Check out our best bank promotions

Biggest banks with the most branches

If you’re looking for one of the largest banks that’s accessible for in-person customer support, consider the biggest banks with the most locations in the U.S.

Rank (by domestic assets)		Approximate number of branches	Number of states with locations
	Wells Fargo		36 and Washington, D.C.
			48 and Washington, D.C.
	Bank of America		37 and Washington, D.C.
	Truist (merger of BB&T and SunTrust)		17 and Washington, D.C.

			27 and Washington, D.C.
	Regions Bank
			15 and Washington, D.C.
	Fifth Third Bank

Biggest banks with the most ATMs

If having access to quick and free cash withdrawal is a priority for you, consider the biggest banks that offer the largest ATM networks.

Rank (by domestic assets)		Approximate number of in-network ATMs
	Capital One

	Fifth Third Bank


	BMO Harris Bank

	Bank of America

	Wells Fargo Bank

Frequently asked questions

What is the largest bank in the U.S.?

Chase, part of JPMorgan Chase & Co., is the largest bank by asset size in the U.S, including deposits from checking and savings and other accounts, plus loans, mortgages, and more. It has $2.445 trillion in assets, according to the latest information from the Federal Reserve.

What are the five largest banks in the U.S.?

The five largest banks in the U.S., according to domestic assets, are Chase, Bank of America, Wells Fargo Bank, Citibank and U.S. Bank.

What makes big banks different from smaller banks?

Generally, big, national banks serve more of the country than regional or community banks do. A regional bank might be limited to serving a few neighboring states; a community bank might serve only one city within a state.

National banks tend to have more technological resources and a wider variety of products than smaller banks; on the other hand, smaller banks can offer more personalized service.

Some of the biggest banks in the U.S. (according to their assets) are also regional banks, serving a smaller area than big-name banks such as Chase and Bank of America. These banks may offer in-person services to a specific region as well as a robust menu of services and accounts online.

Is my money safer in a national bank vs. a regional bank (or a national credit union vs. a regional credit union)?

Your money is equally safe in any bank that’s insured by the Federal Deposit Insurance Corp. As long as your bank has this protection, you’re insured for up to $250,000 per person, per ownership category, per bank.

Similarly, your money is equally safe in any credit union that’s insured by the National Credit Union Administration. Credit unions that have this protection insure your money for up to $250,000 per person, per account, per credit union.

METHODOLOGY

Banks are ranked according to the size of their domestic assets, including deposit accounts, loans, mortgages and credit card accounts. This data is accurate as of June 30, 2021, according to the latest information from the Federal Reserve.

This post was originally published on Nerd Wallet