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Both banks operate branches across the country and have been ranked among theBest Banks by GOBankingRates.
Despite the similarities, there are differences you should know about if youre considering a switch.
Learn more in this comparison betweenWells FargoandBank of America.
Checking and savings accounts come with monthly maintenance fees in most cases.
Heres a quick look at the various account typeseach bank offers, so you’re free to compare.
Wells Fargo vs. Bank of America
Both bankschecking accountsare very similar in terms of fees and perks.
However, Bank of America has a wider choice of terms and rates.
Wells Fargo: Fixed Rate CD
Wells Fargo offers a standard fixed-rate CD.
However, the account maintenance fees and theoverdraft feesare the ones that are most likely to affect you.
Regarding Overdraft Fees
Overdraft fees add up quickly.
Both banks charge a maintenance fee on both savings and checking accounts.
Fees might also be waived for minors or Students/those under 25.
However, that edge is small, andBank of America, Member FDIC, could serve specific customers better.
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