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Bank of America vs Citibank

Bank of America is a national bank with widespread accessibility and wide range of services. How does it compare to Citibank? Read our comparison chart below.

Bank of America is one of the largest banks in the U.S. with approximately 4,300 locations and 17,000 ATMs. It is known for good customer service with extended hours. It offers checking, savings, CDs, IRA, and investment accounts through Merrill Edge.

While Citibank has over 600 branches across the United States. Service fees and ways to waive are on the high side. Best for high-balance customers who can open one of the elite accounts to earn reward points, get preferred rates, and other perks.

Compare Bank of America with Citibank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 Bank of America
Member FDIC
Member FDIC
 Learn MoreLearn More

Bank of America


Bank of America Advantage Banking - $200 Bonus Offer

Read Bank of America Review

Checking with Enhanced Direct Deposit - $300 Cash Bonus

Read Citibank Review


Benefits and Features

SavingsBank of America Advantage Savings Standard Rate: 0.01% APY
  • Citi® Accelerate High-Yield Savings: Available in AA, AE, AK, AL, AP, AR, AS, AZ, CO, DE, GA, GU, HI, IA, ID, IN, KS, KY, LA, MA, ME, MI, MN, MO, MP, MS, MT, NC, ND, NE, NH, NM, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VI, VT, WA, WI, WV, WY and select markets in Florida and Illinois.
  • Citi® Savings: Available in CA, CT, DC, MD, NV, NJ, NY, VA, and select markets in Florida and Illinois.
Money Market 
Approximately 16,000+ ATMs
More than 70,000 fee-free ATMs at Citi branches and participating retail locations nationwide, including Target, CVS Pharmacy, Rite aid, Walgreens, Duane Reade and ATMs displaying Allpoint or MoneyPass logo.
Customer Service
  • Mon-Fri: 8am - 9pm (ET)
  • Sat: 8am - 8pm (ET)
  • Sun: 8am - 5pm (ET)
24/7 Live Customer Service (Telephone)
IRA Money Market 
3,922 financial centers
645 retail bank branches concentrated in the six key metropolitan areas of New York, Chicago, Los Angeles, San Francisco, Miami, and Washington, D.C.

CreditDonkey® Reviews

 Bank of America
SavingsStarStarEmpty StarEmpty StarEmpty StarStarStarStarEmpty StarEmpty Star
CDStarStarStarHalf StarEmpty StarStarStarStarEmpty StarEmpty Star
CheckingStarStarStarStarEmpty StarStarStarStarEmpty StarEmpty Star
Mobile AppStarStarStarStarHalf StarStarStarStarStarHalf Star
Customer ServiceStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Pros & ConsPros:
  • Large branch network
  • Extended service hours
  • Full service banking
  • Monthly fees
  • Low interest rates
  • Many misc. banking fees
  • Perks for high balance customers
  • Many fee-free ATMs
  • Global presence
  • No free checking option
  • Higher balance requirements
  • Low savings APY
Bottom LineNational bank with widespread accessibility and wide range of services... Read full reviewLarge national bank best for high balance customers... Read full review
 Learn MoreLearn More

      Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

      Bank of America: Pricing information from published website as of 06/13/2024 based on 91107 zip code.

      Citibank: Pricing information from published website as of 06/13/2024. This content is not provided by Citi. Any opinions expressed are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Citi.

      Bank of America
      Member FDIC

      Bank of America Advantage Banking - $200 Bonus Offer

      Expires 9/30/2024
      • The $200 bonus offer is an online only offer and must be opened through the Bank of America promotional page.
      • The offer is for new checking customers only.
      • Offer expires 9/30/2024.
      • To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive qualifying direct deposits totaling $2,000 or more into that new eligible account within 90 days of account opening. Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer.
      • Once all requirements are met, Bank of America will attempt to pay bonus within 60 days.
      • Additional terms and conditions apply. See offer page for more details.
      • Bank of America, N.A. Member FDIC.
      Bank of America
      Member FDIC

      Bank of America Business Advantage Checking Account - $200 Bonus Offer

      Expires 6/30/2024
      Earn a cash bonus in three steps:
      1. Open a new eligible business checking account by June 30, 2024
      2. Make Qualifying Deposits* of $5,000 or more in new money within 30 days of opening the new eligible business checking account
      3. Maintain an average balance of $5,000 for the next 60 days (day 31-90) during the maintenance period**
      *Qualifying Deposits are deposits of new money, which is money not currently or previously held in any account at Bank of America or Merrill
      **The maintenance period begins thirty-one (31) days after account opening and ends ninety (90) calendar days after account opening.
      Member FDIC
      Bank of America
      Member FDIC

      Bank of America Advantage SafeBalance Banking®

      • Banking that helps you stay within your balance.
      • No monthly maintenance fee each statement cycle when you meet one of the following: an owner of this account is under the age of 25 or maintain a minimum daily. balance of $500 in your account or are a member of Bank of America Preferred Rewards®.
      • Bank of America, N.A. Member FDIC.

      Which is Better: Bank of America or Citibank?

      Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Bank of America or Chase.

      In short: Bank of America's checking is noteworthy.

      Articles on Bank of America

      Bank of America Review

      Bank of America is a national bank with many account options and user-friendly online banking. But does this convenience come at a cost? Read on.

      Bank of America Savings Account Interest Rate

      Bank of America's Advantage Savings has a standard APY way below the national average. Read on to find out more.

      Does Bank of America Have a High Yield Savings

      Bank of America offers various banking products and services. But does it have a high-yield savings account? Find out here.

      Bank of America Problems

      Bank of America may be one of the biggest banks, but many customers find a lot of issues with their banking services. What are they? Keep reading.

      Bank of America CD Rates

      Bank of America is one the biggest banks in the U.S. But are their CD rates worth it? Read on to find out.

      How to Close a Bank of America Account

      Want to close your Bank of America account? Learn how and what you need to do before you close your account.

      Bank of America Hours

      Bank of America is open 5-6 days a week, depending on the location. Take a look at their business hours below.

      Bank of America Routing Number

      Find your Bank of America routing number and learn about money transfers in our guide.

      Articles on Citibank

      Citibank Review

      Citibank offers banking services and credit cards. But service fees and balance requirements are on the high side. Is it the right bank for you?

      Citibank Open Account

      Opening a Citi bank account is easy. Take a look at what you'll need, plus find out how to earn a bonus

      Citi Savings Account Interest Rate

      Citibank boasts two savings accounts with varying rates and low fees. But which one should you open? Read on for all the details.

      Citi High Yield Savings

      Citi now offers high-yield savings with one of the best interest rate. But it's only available in select markets. Read this review to see if it's good for you.

      Citibank Routing Number

      Looking to transfer money in or out of your Citibank checking or savings account? Find your Citibank routing number and learn about money transfers below.

      Which Do You Think is Best?

      Which Bank Account is Right for You?

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      About CreditDonkey
      CreditDonkey is a bank comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

      Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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