Note that Bank of America offers slightly higher interest rates on savings accounts with larger balances. Here’s a comparison of the most popular checking option from each.

They range from basic, low-cost accounts to higher-end offerings for people with more complex needs. Wells Fargo and Bank of America both offer multiple types of checking accounts. Here are more details comparing the two banks. Generally speaking, Wells Fargo edges out Bank of America on checking accounts, while Bank of America is somewhat better for savings accounts. However, Bank of America has the advantage when it comes to savings and investment:It offers higher interest rates on savings accounts with bigger balances, as well as a wider range of CDs. Here’s one black-and-white difference: Wells Fargo offers personal loans and lines of credit, while Bank of America does not. Bank of America has a bigger network of ATMs-16,000 versus Wells Fargo’s 12,000-and it waives monthly fees for some accounts if you direct-deposit at least $250 a month.

Wells Fargo has more branches than Bank of America-4,800 versus 4,000-plus lower monthly fees and minimum balance requirements to avoid the fees. Which Bank Is Better: Wells Fargo or Bank Of America?