Bank of America and Citibank are both great banks in America that offer a wide variety of different products from checking to savings accounts. Although Bank of America has over 5,000 branches while Citibank only has 700, Citibank is still comparable and offers features that Bank of America doesn’t.
If you’re debating on where to open a new account with between these two banks, be sure to keep reading to learn more about each bank and which one is better for you.
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| Bank of America | Citibank | |
| Locations | Over 5,000 locations (Locator) | 700 Citibank branches across 13 states (Locator) |
| ATMs | Approximately 15,900 ATMs around the country. | 2400 ATMs across the country. Citibank also works at all MoneyPass ATMs, which means access to over 60,000 no-fee ATMs. |
| Savings | 3/5 | 3/5 |
| CD | 2/5 | 3/5 |
| Checking | 2.5/5 | 3/5 |
| Money Market | N/A | A.k.a ‘Savings Plus’ Account. 0.01% – 0.10% APY. Minimum opening deposit $100. |
| Customer Service | 4/5 | 24/7 Live Customer Service (Telephone) |
| Mobile App | 4.5/5 | 4.5/5 |
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| Bottom Line | Bank of America operates nationwide offering many account options like checking, savings, and more! | Citibank is a large national bank that is best for high balance customers. |
Bank of America Promotions
- Advantage Plus Banking: With this account, you can write checks and also enroll in overdraft protection. Furthermore, the minimum opening deposit for this setting is $100.
- Advantage SafeBalance: With this setting, there are no overdraft fees – you can only spend what you have. Additionally, there are no paper checks.
- Relationship Banking: With just $100, you can open an interest-bearing checking account.
- Rewards Savings: This account gives you access to tiered interest rates. All you have to do is provide a $100 opening deposit.
- Custodial Savings Account: This account is a great option if you want to save for your child but not give him/her access until the age of 18. Once your child turns 18, they will receive access to their funds in the account.
- Child Savings: Children under the age of 18 can have access to the account without a monthly service fee. Additionally, this joint account is great to allow your child to be in charge of their money.
Citibank Promotions
- Citigold Account Package: A Citigold relationship opens the door to Citi’s highest level of professional service, financial guidance and exclusive benefits.
- Citi Priority Account Package: A Citi Priority relationship includes integrated servicing, support for your financial needs, on-demand guidance and a breadth of pricing and lifestyle benefits.
- Citi Accelerate Savings. There is no limit on earnings and no minimum opening deposit required to earn this amazing rate.
Author’s Verdict
All in all, I recommend choosing Bank of America if you want access to more branches and Citibank if you want a larger ATM network and need live customer service during irregular hours. However, whichever bank you choose, you can be sure to get a great banking experience.
In addition, we have a list of bank promotions to get some extra cash in your pockets today. You may also want to check out savings accounts if you want to get started on saving up money.
