A Basic Review On The Top Three US Banks: (Part One)

A Basic Review On The Top Three US Banks: (Part One)

you are a businessman or a company owner then it would probably be wise to open your personal and business account in one bank. In this way, you can conveniently handle both accounts in just one institution. US banks in general have made a great impression in the financial world as they have not only proven to be trustworthy institutions, but have also exemplified reliability. Hence, a US Bank review is well in order.

Choosing a bank is an important decision as there different banks that offer different services and have varying interest rates. That is why in doing so, one needs to remember to look up some US Bank review and make bank comparisons so as to find the right bank that would work best for one’s individual needs. Not only that, researching US Bank reviews will be able to equip you with the proper knowledge as to what banks and services are a scam and those that are not.

As sorted by deposits, and as of March 2011, the top three US banks in its respective order is, JP Morgan Chase Bank, Bank of America and Wells Fargo Bank. The current amount of deposits however is not the most important factor when choosing the best bank; interest rates, bank charges and the cost to maintain an account in any given bank and bank locations also play a great deal in successfully choosing a bank that would fit one’s individual needs.

JP Morgan Chase Bank, although having the highest collective deposit have the least number of bank locations; Wells Fargo has the most number of bank locations, while the Bank of America holds second place. The number of bank location may be an issue to a traveling and conservative banker, where online banking may not be the best solution. In terms of overall rating, Bank of America holds the top spot with an overall bank rating of 4 out of 5 stars, while JP Morgan Chase and Wells Fargo both hold 3 out of 5. With regards to bank fees and charges, all 3 banks have poor ratings, i.e, all three offer bank services with a charge. Last but not the least, interest rates for all 3 banks also have poor client-generated ratings.