Or, consider the Bank of America card to get 3% cash back on your … I have my checking, savings, and cc with chase. The Chase Freedom gives you 5 percent cash back, but on rotating categories that you must activate and monitor each quarter. I get alerts on my phone immediately after a card is used. If you want the brick and mortar option I would look at a small local credit union. Online-only bank CD rates earn more than twice what Bank of America and Chase CDs earn for one-year and five-year terms. Read our comparison chart below. Thank you. We also have our mortgage with them. Prviously had a BOA credit card - it was basically useless. Chase Savings: $5 monthly service fee waived with either a $300 daily balance OR $25 automatic transfer every month from a linked Chase checking account OR for owners under 18. It also has auto-sav. are affiliated companies under the common control of JPMorgan Chase & Co. Products not available in all states. Unfortunately, big banks like Chase and Bank of America can’t compete with online banks and credit unions when it comes to interest rates. I currently love the bank I’m with, however, I have moved and there are no locations close by. Taking a step up, both banks have solid offerings for mid-sized businesses. Personally, I love Chase because their data updates in real-time. The Freedom card will give you 5% back on different types of purchases throughout the year. (We use a credit union for savings and our mortgage). Bank of America is OK, the app isn't great. I’ve had too many circumstances where I’ve had to request another form of payment due to the lack of a local branch at my current location. In summary: Bank of America has many account options and their user friendly interface and mobile app is noteworthy. Fact checked. Keep in mind that Chase will be adding some more retailers throughout the year. "Chase Private Client" is the brand name for a banking and investment product and service offering. The only worse bank is "Wells Fargo". Bank of America has lower advertised rates for both new and used car loans. I know there are people here who have had significantly different experiences, but I would absolutely recommend Chase to anyone. Is Chase You Invest Trade better than Merrill Edge? Chase vs Bank of America. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. Bank of America Premium Rewards: Earn 2 points per $1 on all travel and dining and 1.5 points per $1 on all remaining purchases plus Bank of America Preferred Rewards bonus. I just moved to Chase from BOA. It's great. Capital One vs. Chase: Bank Accounts. If you open your Chase app, it will be listed there. I have been with Chase for roughly 5 years, and with Bank of America for less than 6 months. Chase offers an impressive selection of mobile banking tools, including mobile deposit and on-the-go account management. Chase is a good choice if you’re looking for a bank with full range of services, physical locations, lots of ATMS, and good mobile banking. Hello everyone, I was seeking some advice on the two banks mentioned above. You can choose what day of the month and the amount to transfer to your savings account if you'd like to save this way. Compare rates Read guide Navigate Mortgages. You earn 1 percent on all other purchases, similar to BoA. We will basically be using either bank for our direct deposits from work and a credit card. Personally I would go with an online bank. Saving. Chase and BoA are the two best options for me because they both have branches in the cities that I frequent. However out of the two banks you named I would go with Chase, they seem like a growing company while BofA (fault may or not be theirs) is losing their national foot print and selling branches. On five year CDs, Chase comes out slightly ahead. PNC offers two savings account options, including one for children. You don't have to bank with Chase or BoA to use their credit cards. BofA credit cards do not have the simple autopay system like other credit card companies; you have to set it up as an e-bill. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. One of us uses Chase and the other uses Bank of America. Chase is less dirty. Search under "Bank of America" + "Fruad" + "class action". This is the first time ive used reddit for something like this and its been very nice being able to see different viewpoints and support. $0 to open. Chase Bank vs. Bank of America mortgages Chase and Bank of America are two of the country’s biggest banks, but should you choose one over the other for your next home loan? Credit cards based on point rewards. SunTrust Bank has 1,400 branches in the Southeast region. Chase is 100% the better choice. JPMS, CIA and JPMorgan Chase Bank, N.A. We won't keep any savings of notable amount in either bank. My parent's house mortgage was originally with HSBC but they sold our mortgage off to a chain of other mortgage lenders so our mortgage statement isn't even coming from HSBC anymore. Bank of America Travel Rewards vs. Chase Sapphire Preferred Bank of America offers more options for IRA, and doesn’t offer an option to open one directly. It's also the only mega bank that charges for initiating outgoing ACH transfers. That, happens to me like two times, and I will get hit with an overdraft fee, because that transaction didn't post. In comparison to PNC Bank that has over 2,600 PNC branches across 19 states. Its monthly fee is much lower than what Chase charges. Also, it breaks down on what you spend your money on! Their app is the best. Chase offers two primary savings accounts, including the Chase Savings and Chase Premier Savings accounts. Chase and Bank of America represent two of the largest banking operations in the world, and they rank second and third, respectively, for the most branch locations in America behind Wells Fargo. How old are you and how tech savy are you? By using our Services or clicking I agree, you agree to our use of cookies. Haven't had any problems with BOA checking. Cookies help us deliver our Services. Food, clothes, other, etc! If you prefer to do your banking in person, Bank of America has branches in 37 states compared to Chase‘s 26. I would choose the bank based on who has the most readily accessible ATMs/branches. The company provides financing for car shoppers that want to buy from a private seller (visit a local branch for details). HSBC gave us stupid fees and did some shady stuff with my account a few years back. Check out the categories, and if you spend a lot at those kinds of stores this could be a great card for you. BofA has slightly higher APRs, with CDs capped at 2.10% and savings accounts up to 0.06%. Customer service is great. Different banks offer … My wife and I were recently married. On one year CDs, Bank of America offers slightly higher interest rates and offers a bonus rate on 13 month CDs. BOA would charge you to park in the parking lot if allowed. New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. Chase Performance vs Bank of America Business Advantage Checking. Chase and Bank of America both make it easy to waive monthly fees. Here’s the breakdown: Chase Performance Business Checking. You just used your card at a store. Between Chase, HSBC, and TD bank, I found Chase the best. Bank of America has a student account you can sign up for that gives you a lot of services (overdraft protection, checks, etc) for free for four years. I have 3 banks I use for various purposes that I have never set foot in, Pen Fed credit union, Navy Fed and GS Bank. The app is AMAZING! Chase Bank offers a huge network of ATMs and branches, with 4,900 brick-and-mortar banks and 16,000 ATMs nationwide. Things I'm comparing are the credit cards (Freedom unlimited and Cash Rewards), mobile app usability, customer service and overall experiences with both banks. Both Chase and Capital One offer checking accounts, savings accounts, certificates of deposit (CDs) and IRAs. The bottom line: Choose the … Keep in mind, the Chase Sapphire Preferred has a $95 annual fee, while the Bank of America Cash Rewards has a $0 annual fee. Bank of America is a popular pick for auto financing, and it offers a few benefits that Chase Auto doesn’t. Spending limit. The Chase Freedom and Bank of America Cash Rewards Cardare both valuable rewards credit cards, providing their cash back for some of the same types of purchases. BofA? Yup, this is why I love Chase so much. Customer service is great. We are looking to combine finances over to one of the two. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. Cookies help us deliver our Services. Cash deposits is a main requirement of mine. Chase is one of the biggest banks in the Unites States, they offer everything from personal banking to mortgages to loans, as well as a popular range of credit cards.. Not to mention, they offer more checking options compared to other competitors. How does it compare to Bank of America Cash Rewards, a cash back credit card? New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. I also have an online savings with Discover (have some of their credit cards too!). How much money would you have associated with your bank? You don't have to wait X amount of time before it shows up, which I love. Chase (assuming we go with Chase, which we probably will from the input) will be for a checking account to have access to more atms and our credit card. Press question mark to learn the rest of the keyboard shortcuts. But in an era of low rates, small differences can carry the day. Press question mark to learn the rest of the keyboard shortcuts. Three of the world's biggest banks—Bank of America, Citi, and Chase—all offer high-net-worth management solutions. 37 states compared to Chase‘s 26 X amount of time before it shows up, which love! Union is n't great as far as cash Rewards, certificates of deposit ( )., fees and conditions are different for each bank amount of time before it shows,! Is the brand name for a Business with some time under its belt, the terms conditions! 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