Bank of America is one of the largest and most popular banks in the US. With thousands of branches and ATMs across the nation, you can be sure to find one no matter where you live. Furthermore, if you live in the west, you’ve probably heard of Bank of the West.
If you’re curious to see how these two banks compare, keep reading to see a comparison between the two and to find out which one is a better fit for you.
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| Bank of America | Bank of the West | ||
| Locations | Over 5,000 locations (Locator) | 600 locations (Locator) | |
| ATMs | Approximately 15,900 ATMs around the country. | 230,000 participating ATM locations | |
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Mon-Fri, 4a.m.-10p.m. PT Sat, Sun, & most holidays 5a.m.-10p.m. PT |
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| Bottom Line | Bank of America operates nationwide offering many account options like checking, savings, and more! | Bank of the West is a a big bank that offers a “personal touch”. |
Promotions from Bank of America
CHECKING ACCOUNTSSAVINGS ACCOUNTS
- 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.
- Advantage SafeBalance: With this setting, there are no overdraft fees – you can only spend what you have. Additionally, there are no paper checks.
- 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.
- 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.
- 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.
Bank of the West Promotions
CHECKING ACCOUNTSSAVINGS ACCOUNTS
- Any Deposit Checking: This account earned its name from the method where you can waive the monthly maintenance fee. As long as you make a deposit in the account each month, the fee is waived. It comes with a complimentary MasterCard debit card and free online banking/bill pay.
- Premier Checking: If you have a significant amount of money to deposit, you may get more out of the Premier Checking account, but you’ll need a minimum monthly balance of $25,000. You’ll earn interest on your money and you may get discounted rates on loans.
- Classic Savings: You need just $25 to open this savings account. You can access your account/funds online, at a Bank of the West ATM or at a Bank of the West branch. It does have a small monthly maintenance fee, but you can get it waived by setting up auto-save with at least $25 for each deposit.
- Choice Money Market Savings: With $100, you could open a Money Market savings account. In order to avoid the monthly maintenance fee, you’ll need a monthly average balance of $5,000; to have a Premier Checking account, you’ll need to have auto-save set up with deposits of at least $75. You may earn tiered interest rates on this account, which means you can earn more interest on higher balances.
Author’s Verdict
Both of these banks have great features, so it just depends what you’re looking for. However, no matter what bank you choose, you can be sure to get a great banking experience. Additionally, they both have a large network of ATMs across the nation.
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.
