Introduction:
When it comes to keeping your money in a safe place, you have to make sure that you make the right decision in terms of opting for a suitable bank. Small local banks and financial institutions exist that cater to securing some hard-earned cash but various banking facilities that the top ones provide are no match to it. We will have more discussion on the Top 10 Banks in USA.
The biggest banks in United States have far-reaching banking services and assets worth millions that helped them secure the top position. After the financial crisis, the banks in United States have grown on a very large scale.
The top fifteen banks are worth a combined sum of $13.7 trillion in assets. With each year there are changes in this exclusive club with banks moving upwards and downwards over a few million. Keep reading for the top 10 banks in America that are huge and the most trusted ones.
List Of Top 10 Banks in USA:
Table of Contents
JPMorgan-Chase:
Being the sixth-largest bank in the world and topping the list in the United States, JPMorgan-Chase has been reported to have been holding approximately $2trillion in terms of worldwide assets. J.P. Morgan & Co. and Chase Manhattan Corporation merged to make this company where it is now. The former is known for its investment banking and private wealth management, while the latter caters to retails and commercial services.
John Pierpont Morgan, after whom the company was named as the original founder. Although, an early American politician and duelist, Aaron Burr founded Chase Manhattan. Despite various controversies, Morgan is still at the top of the list. This is one of the top 10 banks in USA.
- Website: https://www.jpmorganchase.com/
- Address: New York, United States
- Contact: 1-800-935-9935
Bank of America:
Charlotte has become one of the biggest financial centers in the US, all thanks to the Bank of America headquarters suited there. By owning Merrill Lynch, a giant in wealth management, the bank has become the world’s largest firm in the field. Having over 50 million retails customers, it started as a small organization that served immigrants in San Francisco in the ’90s and was named the Bank of Italy.
The company has also made its contribution to the environment. It has tried to keep the HQ at Charlotte and New York, eco-friendly and LEED-certified. The banks operate in the fields of Global Banking, Global wealth and investment management, and Consumer banking.This is one of the top 10 banks in USA.
- Website: https://www.bankofamerica.com/
- Address: Charlotte, North Carolina, United States
- Contact: 00 1 315-724-4022
Wells Fargo:
A financial services company that has its headquarters in San Francisco with offices all over the country. The bank was founded in 1852 and is the 3rd largest bank by assets and is 2nd in terms of market capitalization. It was formed to capitalize on the Gold Rush by two very intelligent Northeasterners.
It is also the oldest operating charter bank in the US, leaving the First National Bank of Philadelphia far behind. The bank has been infamous for the avoidance of taxes but also pays the largest sum of corporate taxes of any United States company each year.
The company is a result of a merger between San Francisco-based Wells Fargo and Minneapolis-based Norwest Corporation.
The bank operates in the fields of community banking, wholesale banking, and wealth and investment management. This is one of the best banks in USA.
- Website: https://www.wellsfargo.com/
- Contact: 000 800 001 6090
- Address: San Francisco, California, United States
Citigroup:
Being a global financial service corporation headquartered in Manhattan, New York, it also a pioneer in the credit card industry and automated teller machines. Formally known as City Bank of New York, it was also the only bank that has a foreign office in Argentina. Among all the branches, 26 % in the United States generate up to 51 percent of their revenue. The citizens of the United States can also access more than 65,000 free automated teller machines, all thanks to Citi.
The bank was first incorporated in 1812 and is the 4th largest bank in terms of asset control. This is one of the top 10 banks in USA.
- Website: https://www.citigroup.com/global
- Contact: 00 1 210-677-0065
- Address: New York, United States
US Bancorp:
A combination of major regional banks from the West and the Midwest, this bank has established itself and also includes U.S. Bank. The bank holds up to $389 billion in assets with over 16 million active customers. According to laws that came in later, banks were prevented from using the term “United States” in their names.
However, US Bancorp was one of the last ones to be allowed to use the name has added a phase to its name in the previous year. The fifth-largest commercial bank in terms of assets started off as the First National Bank of Cincinnati. Various mergers and collaborations led to the forming of the present US Bancorp.This is among the top banks in USA.
- Website: https://www.usbank.com/index.html
- Contact: 00 1 503-401-9991
- Address: Minnesota, United States
PNC:
Mostly operating on the East coast, the Pittsburgh-based bank is more of a regional financial institution with offices in nineteen states including Washington, DC. The Pittsburg National Corporation and Providence National Corporation, both Pennsylvanian banks merged to form the company now known as PNC.
The relative co-incidence made them go with an acronym of both the names. They also adapted the concept of “virtual wallets” and incorporated it into their banking regime while others weren’t even aware at that point in time.This is one of the top 10 banks in USA.
- Website: https://www.pnc.com/en/personal-banking.html
- Address: Pittsburgh, Pennsylvania, United States
- Contact: 00 1 412-803-7711
Bank of New York Mellon:
Founded in 1784 by Alexander Hamilton, the Bank of New York Mellon is the successor institution of that firm, after merging with T. Mellon and Sons. The long history attached to it makes it the oldest financial institution in America.
Estimated to be worth over $27.9 trillion under custody, it is the world’s largest Canadian Bank also providing for other financial institutions. It also has a subsidiary that caters to investment management services, known by the BNY Mellon Wealth Management.This is one of the best banks in USA.
- Website: https://www.bnymellon.com/apac/en.html
- Address: New York, New York, United States
- Contact: +1 800 441 9800
State Street:
Originally started as a shipping financing firm, State Street is based in Boston. It mainly focuses its energy on global banking services and investment management. They provide these to overseas institutional investors to stay strong in the international forum.This is one of the top 10 banks in USA.
- Website: https://www.statestreet.com/us/en/asset-manager
- Contact: 617-786-3000
- Address: 1 Lincoln Street Boston, Massachusetts 02111
Capital One:
The bank is mainly concerned with retail banking functions by providing credit cards, auto loans, and home loans with amazing features. In addition to this, they also keep checking and saving services. Although the company started off purely as a credit card company, it ventured into banking in 2005. This is one of the top 10 banks in the USA.
- Website: https://www.capitalone.com/
- Contact: 1-877-383-4802
- Address: McLean, Virginia, United States
TD Bank:
Being the US commercial banking arm of Canada’s TD Bank Group, it has over 22 million customers worldwide. The clients are mostly from Canada and the United States. The bank also happens to have branches in remote locations such as Canada’s Northwest Territories and the Yukon.
It also has over 1,300 branches along the East Coast known by the name “America’s Most Convenient Bank”. The bank bagged this title also due to its flexible hours and policies.
The banking sector is constantly undergoing transformations in the digital age, and it’s important for its biggest decision-makers to stay informed of how the leading USA banks continue to garner achievement. This is one of the best banks in the USA.
- Website: https://www.td.com/us/en/personal-banking
- Contact: 1-800-937-2000
- Address: Cherry Hill, New Jersey, United States
List Of Top Banks in USA With their Websites:
| S. No. | Top 10 banks in the USA | Websites |
| 1 | JPMorgan-Chase | https://www.jpmorganchase.com/ |
| 2 | Bank of America | https://www.bankofamerica.com/ |
| 3 | Wells Fargo | https://www.wellsfargo.com/ |
| 4 | Citigroup | https://www.citigroup.com/citi/ |
| 5 | US Bancorp | https://www.usbank.com/index.html |
| 6 | PNC | https://www.pnc.com/en/personal-banking.html |
| 7 | Bank of New York Mellon | https://www.bnymellon.com/apac/en/home.jsp |
| 8 | State Street | https://www.statestreet.com/home.html |
| 9 | Capital One | https://www.capitalone.com/ |
| 10 | TD Bank | https://www.td.com/us/en/personal-banking/ |
FAQs about Top 10 Banks in USA:
What are the big 4 American banks?
1. JPMorgan Chase (headquartered in New York, New York, bank chartered in Columbus, Ohio)
2. Bank of America (headquartered and bank chartered in Charlotte, North Carolina)
3.Citigroup (headquartered in New York, New York, bank chartered in Sioux Falls, South Dakota)
4. Wells Fargo (headquartered in San Francisco, California, bank chartered in Wilmington,Delaware and registered in Sioux Falls, South Dakota)
What banks do rich people use?
High-net-worth individuals often turn to same national banks that the rest of us use to meet our banking needs. Behemoths such as Bank of America, Chase and Wells Fargo are all popular choices for the ultra-wealthy.
What bank is in every state?
Wells Fargo has branches in almost every state in the United States, with some 6,200 storefront branches and more than 12,000 ATMs. The bank has an asset base of over $1.3 trillion.
Is Chase better than Bank of America?
Overall, if you’re choosing between Chase and Bank of America, the better option for you will really depend on your personal banking needs and preferences. Both are big banks with thousands of branches and tens of thousands of ATMs. Chase offers a wider variety of accounts, though it is lacking in IRA options.
Which bank is bigger Bank of America or Wells Fargo?
Wells Fargo has over 5,000 Branches across 40 states compared to Bank of America’s 4,000.
Is US bank owned by China?
It is 70 percent owned by the Chinese government through CIC, the country’s sovereign wealth fund and Huijin, a government run entity set up to invest in Chinese financial firms.
Is Wells Fargo a good bank?
Wells Fargo is an excellent bank for those looking for both local branch access and digital banking services. The bank’s interest rates on most of its accounts leave a lot to be desired compared to the best online banks, but they are comparable to other national banks.
How much money is safe in a bank?
Cash you put into UK banks or building societies – that are authorised by the Prudential Regulation Authority – is protected by the Financial Services Compensation Scheme (FSCS). The FSCS deposit protection limit is £85,000 per authorised firm.
Which bank is available in all 50 states?
Combined, these three banks, Wells Fargo, JP Morgan Chase and Bank of America, have the most branches in the U.S. Wells Fargo had 5,997 branches scattered throughout the United States at the end of 2017, while JPMorgan Chase wasn’t too far behind with 5,288. Third place Bank of America had 4,584 branches.
How do I choose a bank?
1. Identify your ideal type of account
2. Look for banks that charge low or no fees
3. Consider the convenience of a bank branch
4. Take a look at credit unions
5. Find a bank that fits your lifestyle
6. Examine digital features
7. Understand the terms and conditions
8. Read reviews for banks you’re considering
How much should I keep in savings?
Having three to six months of expenses saved is a general rule, but you could opt to save more. If you think it would take longer than six months to find a new job if you lost yours, or if your income is irregular, then stashing up to 12 months’ worth of expenses could be smart.
Can I open 2 bank accounts?
You can have as many bank accounts as you like, from banks that are willing to let you open one. While it may take a bit of extra legwork to keep track of multiple accounts, it does have its benefits too.There are plenty of other reasons you might want to open additional bank accounts.
Do billionaires have cash?
The term billionaire refers to an individual with assets or a net worth of at least one billion currency units in their native currency such as dollars, euros, or pounds. Billionaires are extremely rich, with assets ranging from cash and cash equivalents, real estate, as well as business and personal property.
What bank has the most money?
JPMorgan Chase is the top largest bank in the US, with a balance sheet total of $2.87 trillion.
Conclusion:
All banks come under one main bank. All banks follow all guidelines Top 10 Banks in USA of one central Bank which acts as regularity authority, “Big four banks” in US are JPMorgan Chase, Bank of America, Wells Fargo, and Citibank. Here only discussed American Banks.
