8 Difference Between Wells Fargo And Bank Of America

1. Monthly fees For Basic checking accounts:
Wells Fargo:
$10; waived with an average balance of $1,500, $500 in direct deposits or 10 debit card purchases per month.
Bank Of America: $12; waived with an average balance of $1,500 or $250 in direct deposits per month.
2. Number of locations:
Wells Fargo
5,380
Bank Of America
6,236
3. Customer experience is better in Wells Fargo.
4. Domestic wire transfer (outbound)
Wells Fargo
$25
Bank Of America
$30
5. Stop payment Fees:
Wells Fargo:
$30
Bank Of America:
$31
6. Wells Fargo is the better of the two.
7. Both have free student checking accounts.
8. Based on observations around the internet over several years. You can find complaints about every bank, but BoA in particular seems to have a history of customer abuse.