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With assets locked up in commercial banks worth billions of dollars, North America is home to a sizable banking industry market. It’s nearly hard to avoid utilizing a bank because storing your money beneath your mattress isn’t the most secure (or profitable) choice. But with hundreds of online, conventional, and new brick-and-mortar banks in the US, it can be difficult to make a decision. When evaluating the top banks in North America, experts took into account things like interest rates, monthly fees, and the range of offered banking services. Find out how to select the ideal US bank for your needs.

Choosing the right bank for You

The bank that is nearest to your house or place of employment may be your first instinct. While the location is unquestionably crucial, there are several additional aspects to take into account when determining where to deposit your money. Your banking experience and your money can be significantly impacted by fees, rates, accessibility, customer service, and of course, online services. Here are some things to think about:

Bank account monthly fees

One of the first things to check is the monthly charge for both checking and savings accounts, but it’s far more typical for checking accounts. Free banking is always appealing.

If you keep a specific minimum balance, many banks will waive or repay the monthly cost. You’ll typically need to visit one of the numerous online banks if you want a free checking account.

A high rate of interest

The greatest interest rate attainable is the most common demand made by banks, along with modest fees. Even though interest rates are generally low, there is still a wide variety. Money is exceedingly inconvenient for savers with small balances to use most checking accounts because they rarely pay interest, and some savings accounts don’t start paying it until your balance reaches a certain amount.

Easily accessible

After examining the costs and rates provided by various banks, take into account how simple it is for you to handle your finances. The most competitive rates might not matter as much as being able to swiftly handle your accounts online or drop by a nearby branch during your lunch break.

Best banks in North America

The following is a list of the top banks in North America:

Bank of America 

With a nearly 250-year history and a customer base of 66 million people in the US and 35 other countries, Bank of America has established itself as a reputable financial organization with many alluring characteristics. It features one of the biggest concentrations of ATMs nationwide and a broad range of account services. Checking accounts can be opened for as low as $25, have no overdraft fees, and provide the possibility to have monthly costs waived if you join the Preferred Rewards program. Additionally, BoA offers a secured mobile application that enables you to manage your accounts, send money, and pay bills while on the go.


There’s a chance you’ll discover a nearby Chase branch or ATM no matter where in the country you are. Chase has more than 4,500 locations and 16,000 ATMs, making it one of the banks with the highest growth in the country. However, despite its extensive physical range, Additionally, through the Chase app, Chase provides some of the most practical online banking services, such as mobile check deposits and Chase Quick Pay with Zelle. Chase has strong checking and savings accounts as well as significant sign-up bonuses; nevertheless, if you’re not diligent, its service fees may surprise you.

Wells Fargo 

Wells Fargo has the largest bank network in the United States, with approximately 5,500 physical locations in all but a few states in the midwest and northeast. This oligopoly provides nearly all financial services you could ask for in addition to some alluring benefits.

One capital

Only Capital One, a major national bank with physical locations, doesn’t impose a monthly fee for checking accounts. Capital One offers the best interest rates among traditional big banks, paying 0.2% APY on balances in its 360 Checking account and 0.75% APY for its 360 Savings account, both of which are fee-free.