With online bill pay, direct deposit, mobile banking the need for a person who is tech savy to go to a bank is getting lower and lower. We also have our mortgage with them. PNC offers two savings account options, including one for children. In summary: Bank of America has many account options and their user friendly interface and mobile app is noteworthy. We won't keep any savings of notable amount in either bank. I have my checking, savings, and cc with chase. Chase vs Bank of America. Taking a step up, both banks have solid offerings for mid-sized businesses. Is Chase You Invest Trade better than Merrill Edge? BofA? Also, it breaks down on what you spend your money on! How does it compare to Bank of America Cash Rewards, a cash back credit card? But if you don't qualify to waive them, then you might prefer Bank of America. I do use a local credit union for a Money Market savings account (2% interest). Their app is great, service is great, and all of my credit cards are Chase cards (CSR, Freedom), so I can manage everything through a single portal. 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. New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. How old are you and how tech savy are you? Things I'm comparing are the credit cards (Freedom unlimited and Cash Rewards), mobile app usability, customer service and overall experiences with both banks. Chase is much more updated, even gives you a "snapshot" of how much you've spent daily/weekly. Never going back. The only worse bank is "Wells Fargo". 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. Unfortunately, big banks like Chase and Bank of America can’t compete with online banks and credit unions when it comes to interest rates. Backed by parent company Bank of America, Merrill Edge delivers $0 stock and ETF trades with fantastic research and customer service. New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. I have been with Chase for roughly 5 years, and with Bank of America for less than 6 months. Press question mark to learn the rest of the keyboard shortcuts. are affiliated companies under the common control of JPMorgan Chase & Co. Products not available in all states. Spending limit. My wife and I were recently married. I know there are people here who have had significantly different experiences, but I would absolutely recommend Chase to anyone. Both banks require the same minimum to open a CD, but some online bank … The Chase Freedom gives you 5 percent cash back, but on rotating categories that you must activate and monitor each quarter. How does it compare to Bank of America? 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. Wells Fargo and Chase are two of the largest U.S. banks, and they make it convenient to bank in person, with many ATMs and branches. Search under "Bank of America" + "Fruad" + "class action". There is of a variety of checking and savings account options … (We use a credit union for savings and our mortgage). Between Chase, HSBC, and TD bank, I found Chase the best. Chase’s base rate is the lowest you can possibly earn, at a 0.01% APY. This includes the PNC Standard Savings and the PNC “S” is for Savings accounts. Read our comparison chart below. Press question mark to learn the rest of the keyboard shortcuts. Food, clothes, other, etc! Different banks offer … US Bank has different locations with more than 3,000 branches across 26 states. I have credit cards with both (though I never use BoA, only got it for the SUB), and I've never banked with either. Join our community, read the PF Wiki, and get on top of your finances! 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. Designed for a business with some time under its belt, the Chase Performance Business Checking account is a strong option. 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. So, for those people who prefer the convenience of having a lot of locations and ATMs — even when they’re out of town — deciding between these two options can be a tough one. By using our Services or clicking I agree, you agree to our use of cookies. Cookies help us deliver our Services. Bank of America has lower advertised rates for both new and used car loans. Stick with the squid. Haven't had any problems with BOA checking. 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. I just moved to Chase from BOA. However, the terms and conditions for those products do vary per bank. 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. Much better service and there has been much less corruption found with their.. 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