Benefits of Chase Banking
Drawbacks of Chase Banking
To open an account, you need to meet the $25 minimum deposit requirement.
There is a $12 monthly service fee, but you can get this fee waived if you do at least one of the following:

Have a direct deposit totaling $500 or more made to the account.
Meet a minimum daily balance of $1,500.
Maintain an average daily balance of $5,000 or more in qualifying linked deposits or investments.




Benefits of Bank of America Banking
Drawbacks of America Banking
Fraud monitoring and $0 liability protection in the event your card or information is used without authorization.
Bank of America Checking account customers can avoid paying overdraft fees when money is transferred from linked account, such as Bank of America savings, line of credit or secondary checking account.
Monthly maintenance fee waived for students who are 23 and younger.
Access to thousands of branches and ATMs across the country.
Higher interest rate - up to 0.06% APY - for Money Market customers enrolled in the Preferred Savings program.
Waved monthly maintenance fees if certain conditions are met.
Overdraft protection of checking accounts through linked savings accounts.
Flexible terms, deposit requirements and rates available.
Several CD options to choose from.
Bank of America credit cards offer a variety of advantageous features including:
No annual fee
Low introductory APR on balance transfers.
No foreign transaction fee
Low introductory APR on purchases
Preferred rewards.
To open an account, the Core Checking account requires a minimum of $25, whereas the Interest Checking account requires a minimum deposit of $1,500.
Monthly maintenance fees charged if minimum balance requirements aren't met.
Lower rates than what other banks offer.
Low rates with other CDs, such as Sallie Ma's 1.8% APY


Benefits of Wells Fargo
Drawbacks of Wells Fargo