Bank of America vs Wells Fargo: which is better? Comparison 2026

By our public methodology Bank of America and Wells Fargo score the same — 96 out of 100. Below: where they differ by factor and by fact.

Banks in the United States 2026: a ranking built on verified facts How we rank

1

Bank of America

96/100
2

Wells Fargo

96/100

Score breakdown

Bank of AmericaWells Fargo
Safety100100
Digital services8686
Products100100
Transparency100100

Pros and cons

Bank of America

  • Wide range of products for private customers
  • Long track record as a licensed bank
  • Member of a deposit protection scheme
  • Holds its own current rating from a recognised agency

Wells Fargo

  • Wide range of products for private customers
  • Long track record as a licensed bank
  • Member of a deposit protection scheme
  • Holds its own current rating from a recognised agency

Facts side by side

FactBank of AmericaWells Fargo
Licensed since1904 api.fdic.gov1870 api.fdic.gov
Deposit protectionYes api.fdic.govYes api.fdic.gov
Agency ratingYes investor.bankofamerica.comYes wellsfargo.com
Annual reports onlineYes investor.bankofamerica.comYes wellsfargo.com
Mobile appYes info.bankofamerica.comYes wellsfargo.com
Open an account onlineYes info.bankofamerica.comYes wellsfargo.com
Instant paymentsYes info.bankofamerica.comYes wellsfargo.com
24/7 supportNo bankofamerica.comNot verified
Retail lines offered (of 6)6 bankofamerica.com6 wellsfargo.com
Tariffs onlineYes bankofamerica.comYes wellsfargo.com
Deposit rates onlineYes bankofamerica.comYes wellsfargo.com
Complaints procedure publishedYes bankofamerica.comYes wellsfargo.com
Branches in the country3,598 api.fdic.gov4,161 api.fdic.gov

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