Looking for a bank that offers national reach, strong digital tools, and every financial product under the sun? The largest banks in the U.S. deliver exactly that—backed by billions (or even trillions) in assets and federal insurance through the FDIC.
In this guide, we’ve ranked the 20 largest U.S. banks by total assets. Whether you want robust online banking, a huge ATM network, or full-service wealth management, you’ll find a bank that fits your needs.
But before we dive into the list, here’s what you should know about how these banks are ranked—and what to look for when choosing one.
What to Know Before Choosing a Big Bank
Not all big banks are the same. Some offer advanced digital tools, while others prioritize in-branch service or tailored wealth management. Before choosing one, it helps to understand how bank size is measured—and what you can expect from a large financial institution.
How We Measure Bank Size
The best way to compare banks is by total assets. This figure gives a clear snapshot of how much money a bank manages, which can reflect its financial strength and ability to offer broad services. Other size indicators—like number of branches or customers—can vary, but total assets offer the most objective comparison.
What Big Banks Offer
Most large banks offer the same core services: checking accounts, savings accounts, credit cards, and loans. Many also provide:
- Investment services and wealth management
- Business and commercial banking
- Robust mobile apps and online tools
- Nationwide ATM and branch access
Some banks focus on consumer banking, while others specialize in investment services or corporate clients. Knowing what you need will help you narrow down the right bank for you.
20 Largest U.S. Banks by Total Assets in 2025
Here’s an overview of the largest banks in the U.S.
1. JPMorgan Chase & Co.
Total Assets: $4.210 trillion
Headquarters: New York City, New York
If you focus on consolidated assets, JPMorgan Chase earns the spot as the largest bank in the U.S. This investment bank is also a holding company for subsidiaries, including Chase Bank. Chase, which is J.P. Morgan’s consumer banking division, has more than 4,700 branches in the U.S. plus more than 30 branch locations abroad.
According to Chase, almost half of the households in the U.S. are Chase customers. It attracts digital savvy customers that value online banking and products with artificial intelligence (AI). In addition to consumer banking, JPMorgan Chase is a combined bank that offers commercial banking, asset and wealth management, and investment banking.
Chase offers some of the most popular cash back and travel credit cards that can earn you valuable rewards through their program, Chase Ultimate Rewards. Using these credit cards for everyday purchases can earn you travel points, cash back, and other benefits.
2. Bank of America Corp.
Total Assets: $3.324 trillion
Headquarters: Charlotte, North Carolina
Bank of America is a multinational bank with nearly 66 million customers and small business clients across the globe. It has a few divisions, including Merrill, Bank of America Securities, and Bank of America Private Bank.
As a Bank of America customer, you can enjoy access to a wide variety of products and services as well as access to more than 4,000 branches and more than 17,000 ATMs.
Just like most big banks, Bank of America prides itself on a robust mobile app, the Zelle payment solution, and other intuitive digital tools. Its various service lines include consumer banking, corporate banking, credit cards, insurance, investment banking services, institutional banking, mortgage loans, private banking, private equity, and wealth management.
3. Citigroup
Total Assets: $2.431 trillion
Headquarters: New York City, New York
Citigroup, which is widely known as Citi, is an investment bank and financial services firm. When Citigroup merged with Travelers Group in 1998, it became a major player in the financial space. Citibank, Citigroup’s retail banking division has more than 700 branches in the U.S. and over 1,800 branches outside the U.S.
Most of the U.S. bank branches are in Florida, California, New York, and Washington DC. Citibank serves millions of customers and gives them access to over 65,000 fee-free ATMs nationwide. Over the years, it has earned high rankings for its digital money management tools, including one that shows customers a financial wellness score.
4. Wells Fargo
Total Assets: $1.922 trillion
Headquarters: San Francisco, California
Wells Fargo made its debut in 1852 when it was first opened by investing partners, Henry Wells and William Fargo. It was initially designed as a bank and express delivery service for gold. Eventually, Wells Fargo expanded as a consumer bank to serve all types of customers with various banking needs. It is admired for its long list of offerings and the Wells Fargo mobile app that helps customers track their spending and simplify their bills.
While Wells Fargo has focused on consolidating and prioritizing digital banking services in recent years, it still has about 4,700 locations and more than 12,000 ATMs around the U.S.
In addition to personal and small business banking, Wells Fargo supports commercial banking, investing and wealth management, and investment banking.
5. Goldman Sachs Group, Inc.
Total Assets: $1.728 trillion
Headquarters: New York City, New York
Goldman Sachs was founded in 1869 by Marcus Goldman, a German American shopkeeper. Its original purpose was to help merchants and small businesses with short-term funding. Eventually, Samuel Sachs joined Goldman in 1882. Today, Goldman Sachs has a reputation as a leading global investment banking, management, and securities firm.
In the fall of 2016, Marcus by Goldman Sachs, its online banking division made its debut and began to offer numerous financial products, like savings accounts, certificates of deposit, credit cards, and loans.
In addition to these offerings, Goldman Sachs provides asset management services, mutual funds, investment banking and management, prime brokerage, commodities, and commercial banking.
6. Morgan Stanley
Total Assets: $1.258 trillion
Headquarters: New York City, New York
Morgan Stanley’s roots date back to 1935. Today, the bank is a reputable, multinational investment management and financial services company. It has over 700 locations in every state as well as Washington, D.C.
Its investing division includes three portfolios, including the impact portfolio, market-tracking portfolio, and performance-seeking portfolio. Whether you’re a beginner investor or wealthy client, Morgan Stanley may be a solid pick.
7. U.S. Bancorp
Total Assets: $686.5 billion
Headquarters: Minneapolis, Minnesota
The parent company of U.S. Bank, Bancorp’s locations are mainly in the Midwest. It offers personal and business banking with more than 3,000 branches and 5,000 ATMs. Over the years, Bancorp has worked to become a responsible financial provider and earn a spot on the Ethisphere Institute’s World’s Most Ethical Companies list.
As a Bancorp customer, you can access information about your accounts through Google Home and Amazon Alexa. You may also download the handy mobile app to make mobile deposits and perform other services, like transactions via Zelle.
8. PNC Financial Services Group
Total Assets: $565.1 billion
Headquarters: Pittsburgh, Pennsylvania
PNC is short for Pittsburgh National Corporation. PNC Financial Services is the bank holding company of PNC Bank, which has more than 2,000 branches across 21 states. It stands out among other large banks for its unique customer perks and products for individuals and business owners. The Virtual Wallet tool, for example, lets you manage your money online or on your mobile device.
You can keep your checking and savings accounts together or just stick to one type of account, depending on your particular needs. In addition to traditional banking services, PNC offers mortgages, home equity lines of credit, auto loans, personal loans and personal lines of credit, student loans, and student loan refinancing.
9. TD Group U.S. Holdings
Total Assets: $560.5 billion
Headquarters: Wilmington, Delaware
While TD Bank has roots in Canada, it’s been in the U.S. market since 2007 when it acquired Commerce Bancorp. There are more than 1,100 branches and 700 ATMs across fifteen U.S. states and Washington, D.C.
TD Bank offers the typical lineup of banking products and services but is known for its branch convenience. Most branches have long hours, are open on the weekends, and provide curbside pickup for new debit cards.
If you prefer in-person banking, TD Bank is certainly worth exploring. Many of its accounts come with generous sign up bonuses and access to comprehensive online banking features, such as online bill pay, Zelle, and remote check deposit.
10. Truist Financial Corporation
Total Assets: $523.4 billion
Headquarters: Charlotte, North Carolina
Compared to the other large commercial banks on this list, Truist is fairly new. It was formed in 2019 as the result of one of the largest bank merger between BB&T and SunTrust.
Truist is made up of three major divisions, including Truist Bank, Truist Securities, and Truist Insurance Holdings. These divisions employ over 37,000 people that work in consumer and commercial banking, investment banking, mortgages, and insurance.
It offers a variety of noteworthy perks, such as no overdraft fees, a $100 negative balance buffer, and automatic upgrades. The bank also places a lot of emphasis on community involvement and giving back.
11. Capital One Financial
Total Assets: $486.4 billion
Headquarters: McLean, Virginia
Since it was established in 1988, Capital One bank is one of the newer large banks on our list. In only a few decades, the bank has grown significantly, thanks to its credit card offerings in the early 90s.
Once 2016 came around, Capital One was named the third-largest credit card issuer in the U.S. These days, Capital One continues to offer credit cards as well as digital services through Capital One 360.
Capital One 360 stands out for its Capital One’s 360 Performance Savings account, which comes with no minimum opening deposit and no minimum balance requirements.
It also has a mobile banking app with mobile check deposit, customized alerts and notifications, Zelle, free credit score monitoring via CreditWise, and more. There are about 775 branches, 2,000 ATMs, and nearly 30 Capital One cafes.
12. Charles Schwab
Total Assets: $466.1 billion
Headquarters: San Francisco, California
Charles Schwab is a multinational financial services firm with a focus on investment accounts, such as individual retirement accounts (IRAs) and brokerage accounts.
You’ll find an extensive selection of funds with low expense ratios, as well as commission-free stock and ETF trades. While there are over 360 Charles Schwab branches with financial consultants, you can take advantage of its services online.
Schwab also offers a high-yield checking account. Whether you’re new to investing or consider yourself a veteran, you can benefit from Charles Schwab.
13. Bank of New York Mellon
Total Assets: $427.5 billion
Headquarters: New York City, New York
Bank of New York Mellon came about after a 2006 merger between Mellon Financial Corporation and The Bank of New York. The Bank of New York was originally founded in 1784 by Alexander Hamilton, the first Secretary of the Treasury of the U.S. Bank of New York Mellon is now one of the largest securities firms in the word.
It specializes in a number of solutions and services for corporations, insurance companies, banks, brokers, dealers, and other reputable clients in the financial industry. In addition, the bank offers private investment and wealth management services for wealthy clients.
14. State Street Corporation
Total Assets: $338.5 billion
Headquarters: Boston, Massachusetts
State Street Corporation was founded in 1792 as a financial services and asset management company. It has more than 40,000 employees and a global presence in over 100 markets.
Its offerings include investment research and trading, investment management, and securities lending for clients, such as insurance companies, pension funds, and asset owners.
15. BMO Financial
Total Assets: $297.9 billion
Headquarters: Chicago, Illinois
BMO Financial Corp. is the U.S. division of the Bank of Montreal (BMO), a leading North American bank with a strong presence on both sides of the border. In 2023, BMO completed its acquisition of Bank of the West, significantly expanding its U.S. footprint, particularly across the Midwest and Western states.
BMO now operates more than 1,000 branches and over 1,700 ATMs in the U.S. It offers a full suite of consumer and business banking services, including checking and savings accounts, credit cards, mortgages, and investment services. For business clients, BMO provides commercial lending, treasury management, and capital markets solutions.
With an emphasis on digital banking and personalized customer service, BMO continues to grow its influence in the U.S. while maintaining the backing and stability of one of Canada’s largest banks.
16. American Express
Total Assets: $271.0 billion
Headquarters: New York City, New York
American Express is best known for its credit cards and charge cards, but it also operates as a bank holding company with a national banking charter. While it doesn’t offer traditional checking accounts or a widespread branch network, American Express Bank provides savings accounts, CDs, and personal loans, all through its online platform.
With a reputation built on premium rewards and strong customer service, American Express has carved out a niche in serving individuals and businesses who value travel perks, expense tracking, and financial flexibility. It’s one of the largest card issuers in the U.S. by purchase volume and also offers robust services for small business owners and corporate clients.
Its asset growth reflects not just lending activity but also its expanding deposit base through high-yield savings and its strong position in the payments and financial services ecosystem.
17. HSBC North America Holdings Inc.
Total Assets: $233.7 billion
Headquarters: New York City, New York
HSBC North America is the U.S. division of HSBC Holdings plc, one of the largest banking and financial services organizations in the world. While HSBC significantly downsized its U.S. retail banking operations in 2022—selling off most of its domestic branches—it continues to serve high-net-worth individuals, global businesses, and institutional clients through investment banking, wealth management, and corporate banking services.
Its U.S. presence now focuses on international clients, cross-border banking, and specialized financial services that cater to global needs. HSBC is still a major player in commercial finance, foreign exchange, and international trade services, especially for clients doing business across Asia, Europe, and the Americas.
Though it no longer operates as a mass-market retail bank in the U.S., HSBC remains a top-20 institution by assets thanks to its global scale and concentration in corporate and institutional banking.
18. USAA Federal Savings Bank
Total Assets: $221.8 billion
Headquarters: San Antonio, Texas
USAA Federal Savings Bank is part of the United Services Automobile Association (USAA), a member-owned financial institution that serves military members, veterans, and their families. Known for its exceptional customer service and low-fee banking products, USAA operates entirely online with no physical branches for traditional banking.
USAA offers a wide range of financial services including checking and savings accounts, auto and home loans, credit cards, insurance, and investment products. Its mobile app and digital tools consistently rank among the best in the industry, offering convenience and security for members who often relocate or serve overseas.
Because USAA limits membership to military-affiliated individuals, it provides a uniquely tailored banking experience, with benefits like early direct deposit and fee reimbursements for ATM usage outside its network.
19. First Citizens BancShares Inc.
Total Assets: $220.6 billion
Headquarters: Raleigh, North Carolina
First Citizens BancShares grew significantly in 2023 after acquiring the assets of Silicon Valley Bank following its collapse. This move instantly made First Citizens one of the 20 largest banks in the country and expanded its footprint in the tech and venture capital sectors.
Traditionally a regional bank with a strong presence in the Southeast, First Citizens now operates nationwide, serving both retail and commercial clients. It offers standard banking products—like checking, savings, loans, and mortgages—along with business banking, treasury services, and commercial lending.
Despite its rapid growth, First Citizens continues to emphasize conservative financial management and customer relationships, combining small-bank service with large-bank capabilities.
20. Citizens Financial Group
Total Assets: $220.3 billion
Headquarters: Providence, Rhode Island
Citizens Financial Group, Inc. has been around since 1828. It owns Citizens Bank, its retail division and offers credit cards, deposit accounts, personal loans, student loans, refinancing, and a number of other financial services. Citizen Bank mainly operates in the Northeast and Midwest.
In addition to more than 2,700 ATMs, there are over 1,100 branches in New England states as well as Delaware, Michigan, Ohio, Pennsylvania, New York, and New Jersey. The bank provides extended call center hours, a streamlined online experience, and a highly rated mobile app.
Types of Banks
Not all banks serve the same purpose. Here’s a quick overview of the most common types of banks and what they offer:
- Retail banks – These are the banks most people use for personal banking. They offer checking and savings accounts, debit cards, personal loans, auto loans, mortgages, and sometimes investment products. Most large U.S. banks fall into this category.
- Commercial banks – These banks focus on businesses, from small startups to major corporations. They provide services like business checking, payroll processing, merchant services, commercial lending, and treasury management.
- Investment banks – Investment banks don’t deal with everyday banking. Instead, they help corporations and governments with things like raising capital, managing mergers and acquisitions, and trading securities.
- Central banks – Central banks aren’t for consumers. In the U.S., the central bank is the Federal Reserve, which manages interest rates, controls the money supply, and oversees financial stability across the banking system.
Banks vs. Credit Unions
Banks and credit unions offer many of the same services—checking, savings, loans, and credit cards—but they operate differently.
Banks are for-profit institutions, often publicly traded and driven by shareholders. They tend to offer more branches, advanced digital tools, and a wider selection of financial products.
Credit unions are nonprofit and member-owned. They usually offer lower fees and more personalized customer service, but may have fewer branches, ATMs, or digital features. Eligibility is often limited to certain communities, employers, or organizations.
If you value nationwide access and digital convenience, a bank may be the better choice. But if you want lower costs and a local touch, a credit union could be worth considering.
Final Thoughts
The right bank depends on how you manage your money. If you want in-person service and a large branch network, focus on traditional national banks. If you prefer to do everything digitally, an online-first bank may be a better fit.
Compare each bank’s fees, mobile tools, customer support, and extra perks—like cash bonuses or rewards programs—to find the best match for your needs. A little research now can save you money and frustration later.
Frequently Asked Questions
What is the best large bank for everyday checking and savings?
While most big banks offer similar core accounts, Chase, Bank of America, and Capital One stand out for everyday banking. Chase has a massive branch network and versatile checking options. Bank of America offers strong digital tools and automatic savings features. Capital One is ideal if you want no-fee accounts with solid interest rates through its online 360 accounts.
Which of these banks offer the best mobile banking experience?
Chase, Capital One, and USAA are consistently rated among the top for mobile banking. Chase’s app is feature-rich and integrates with its rewards credit cards. Capital One’s app is clean, intuitive, and includes CreditWise for credit monitoring. USAA, although membership-based, offers one of the most seamless mobile experiences in the industry.
Are the largest banks also the safest?
Generally, yes. Large banks are highly regulated and subject to strict capital requirements. All banks on this list are FDIC-insured, meaning your deposits are protected up to $250,000 per depositor, per bank. That said, safety also depends on how you manage your accounts, not just the size of the bank.
Do large banks charge more fees than smaller banks or credit unions?
Often, yes. Big banks may have more account maintenance fees, overdraft fees, or ATM fees unless you meet certain requirements like minimum balances or direct deposits. However, many are now offering no-overdraft-fee accounts or online-only options with fewer charges. If minimizing fees is a priority, compare account terms carefully.
Can I open an account at any of these banks online?
Most of the banks listed allow you to open checking or savings accounts online, especially those with strong digital platforms like Ally, Capital One, Chase, and Bank of America. However, some banks with specialized services—like Morgan Stanley or USAA—may have eligibility requirements or may focus more on existing client relationships.
