Bank of America is one of the largest banks in the United States, however PNC Bank ranks pretty high as well. PNC Bank has 2,600 branches in 19 states that are generally in the east. On the other hand, Bank of America has over 5,000 locations and 16,000 ATMs.
Both of these banks offer a variety of different of accounts, so you can be sure to find one that fits your needs. If you’re debating on whether or not to open a checking or savings account at one of these two banks, keep reading to see a side-by-side comparison.
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| Bank of America | PNC Bank | |
| Locations | Nearly 5,000 Branches (Bank Locator) | 2,600 PNC branches across 19 states. (Locator) |
| ATMs | Approximately 15,900 ATMs around the country. | 9,000 ATMs across 19 states |
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| CD | Must maintain a minimum deposit of $5,000. | Standard Term CD: 0.03% – 0.15% APY. Terms of 28 days to 10 years. Minimum deposit of $1,000. Featured CD: 0.20% – 0.45% APY. Terms of 7, 10, 13, 25, and 37 months. Minimum deposit of $10,000. |
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| Money Market | Must provide a $100 minimum to take advantage | 0.02% – 0.05% APY. Minimum deposit is $100. Maximum deposit is $10,000. Monthly service charge of $12 unless you have $5,000 average monthly balance. |
| Customer Service | 4/5 | 4/5 |
| Mobile App | 3.5/5 | 4.5/5 |
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| Bottom Line | Bank of America offers great account benefits and offers a great free checking account option. | PNC Bank offers many options for checking and savings accounts with a variety of budgeting tools. |
Bank of America Promotions
- Advantage SafeBalance: With this setting, there are no overdraft fees – you can only spend what you have. Additionally, there are no paper checks.
- 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.
- 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.
- 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.
- 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.
PNC Bank Promotions
- Virtual Wallet: If you want basic account features
- Virtual Wallet with Performance Select: If you want premium account features with the highest level of rewards and benefits
- Additionally, Virtual Wallet with Performance Speed: If you want rewards for your broader banking relationship
- PNC High Yield Savings: Open your account with any amount. No monthly service charge or minimum balance requirement. Unlimited deposits and transfers into the account. FDIC insured to the maximum permitted by law
- Virtual Wallet: Virtual Wallet helps you spend wisely, save automatically and achieve your financial goals.
- Premiere Money Market: A savings solution that provides easy money management & FDIC protection to help you achieve your goals
- Standard Savings: An easy & convenient solution to help you jump start your savings routine.
Author’s Verdict
All in all, both of these banks offer a large range of different products, so you can be sure to find one that fits your needs. Additionally, they both have branches and ATMs across several states, so there’s a good chance there will be one near you.
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.
