First Citizens Bank vs Bank of America

First Citizens Bank is a full-service bank with waivable fees and low APYs. How does it compare to Bank of America? Read our comparison chart below.

First Citizens Bank is a full-service bank with over 500 branches in 23 states. It offers a basic Free Checking account with just $50 deposit. Plus, it has premium checking options, savings, loans, credit cards, and business accounts.

While Bank of America is one of the largest banks in the U.S. with approximately 3,700 locations and 15,000 ATMs. It is known for good customer service with extended hours. It offers checking, savings, CDs, IRA, and investment accounts through Merrill Edge.

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

	First Citizens BankWells FargoCIT BankHSBCChaseU.S. BankBMODiscover Bank Member FDIC	Member FDIC
	Learn More	Learn More
	First Citizens Bank	Bank of America
	SPECIAL OFFER Online Savings - Learn More Read First Citizens Bank Review	OFFER Bank of America® Business Advantage Banking Checking Account - $200 Bonus Offer Read Bank of America Review
	Benefits and Features
Savings		Bank of America Advantage Savings Standard Rate: 0.01% APY
CD		7-Month CD - Up to 4.25% APY 10-Month CD - 3.45% APY 13-Month CD - 2.75% APY 25-Month CD - 2.00% APY 37-Month CD - 0.11% APY 1-Month CD - 0.03% APY 120-Month CD - 0.03% APY
Checking
Mobile App		iOS & Android
ATMs		Approximately 15,000+ ATMs
Customer Service	Monday to Sunday 7:00AM - 11:00PM (ET)	Monday -Friday: 8AM - 9PM ET Saturday: 9AM - 6PM ET Sunday: 8AM - 5PM ET
IRA CD
Locations	over 600 branches in 22 states	3,700 financial centers
	CreditDonkey® Reviews
Savings
Checking
Mobile App
Customer Service
CD
Pros & Cons	Pros: Low opening deposit on some accounts Monthly fees can be waived Overdraft protection available Cons: Low APYs Only available in 23 states	Pros: Large branch network Extended service hours Full service banking Cons: Monthly fees Low interest rates Many misc. banking fees
Bottom Line	Full-service bank with waivable fees and low APYs... Read full review	National bank with widespread accessibility and wide range of services... Read full review
	Learn More	Learn More
	Online Savings Free Checking Savings Account - $25 Bonus
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. First Citizens Bank: Pricing information from published website as of 06/07/2025. Bank of America: Pricing information from published website as of 08/06/2025 based on 91107 zip code.

Member FDIC

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

Learn More

Expires 12/31/2025

• 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 eligible business checking customers only.
• Offer expires 12/31/2025.
• To qualify, deposit $5,000 or more in New Money* directly into a new eligible Bank of America Business Advantage Banking account within thirty (30) days of account opening.
• Maintain an average balance of $5,000 in that new Business Advantage Banking account during the Maintenance Period**.
• 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.
• *New Money is new funds deposited into your business checking account that are not transfers from other Bank of America deposit accounts or Merrill investment accounts.
  
• ** The Maintenance Period begins thirty-one (31) calendar days after account opening and ends ninety (90) calendar days after account opening.
  
• Bank of America, N.A. Member FDIC

Member FDIC

Business Advantage Relationship Banking

• No fee for first 500 transactions per statement cycle
• No fee for first $20,000 in cash deposited per statement cycle
• Multiple ways to avoid the $29.95 monthly fee

Learn More

Member FDIC

Business Advantage Fundamentals™ Banking

• No fee for first 20 transactions per statement cycle
• No fee for first $5,000 in cash deposited per statement cycle at an ATM or Financial Center

Learn More

Which is Better: First Citizens Bank or Bank of America?

Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing First Citizens Bank or Wells Fargo.

In short: Bank of America's checking and customer service are noteworthy.

Articles on First Citizens Bank

First Citizens Bank Review

First Citizens Bank offers many account options with low opening deposits and fees. But there are downsides. Find out if First Citizens is a good bank for you.

• First Citizens Bank vs Wells Fargo
• First Citizens Bank vs CIT Bank
• First Citizens Bank vs HSBC

First Citizens Bank Problems

First Citizens Bank provides affordable banking with fee-free checking and savings options. However, they may not be available for you.

• First Citizens Bank vs Chase

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 vs Citibank
• Bank of America vs U.S. Bank
• Bank of America vs BMO

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.

• Bank of America vs Capital One
• Bank of America vs USAA Bank
• Bank of America vs Discover Bank

Bank of America 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.

Which Do You Think is Best?

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