The U.S. banking industry is in the midst of a digital transformation — one that’s breathing new life into even the most established institutions. According to Statista, the market is expected to grow from $632.11 billion in 2025 to $780.22 billion in 2029. Amidst all this change, powerhouses like Citigroup, U.S. Bank and Goldman Sachs are supplementing their typical services with online and mobile capabilities to meet the demands of their increasingly tech-savvy customers.
Largest Banks in the US
- Citigroup
- U.S. Bank
- Goldman Sachs
- Truist
- TD Bank
- BMO
From biometric login features to budgeting tools, these financial giants are blending tech innovation with industry experience to adapt to the digital age. And this is just the beginning. Here’s how some of the largest banks in the United States are embracing technology to serve a new generation of digital-first clients.
Largest Banks in the U.S.
Citigroup encourages new customers to save for the long term with relationship tiers, which are achieved by combining and linking accounts. Each tier comes with benefits like waived monthly service fees, no overdraft fees and unlimited reimbursements for ATM fees at non-Citi ATMs. Besides personal savings and checking accounts, Citi also offers checking, money market and certificate of deposit (CD) options specifically for small businesses.
- Assets: $1.76 trillion.
- ATMs: More than 65,000 in the U.S. that are fee-free.
- Branches: More than 600 in the U.S.
U.S. Bank provides a variety of bank account, credit card and loan options for customers. In particular, its Bank Smartly checking account comes with benefits like discounted fees on certain loans, overdraft protections and parental controls to manage younger card users. Meanwhile, its mobile app lets customers track payments, submit checks and automate transactions within savings accounts.
- Assets: $659.19 billion.
- ATMs: More than 40,000.
- Branches: More than 2,000 across 26 states.
Goldman Sachs supports clients globally with investment, private and transaction banking services. In the realm of investment banking, Goldman Sachs specializes in mergers, acquisitions and helping businesses compile more capital. On the private banking side, professional athletes, entrepreneurs and other high-net-worth investors can gain insights from private wealth advisors, design plans for passing down estates and secure loans.
- Assets: $598.46 billion.
- ATMs: None.
- Branches: None.
Truist provides a range of services and products, including checking and savings accounts, credit and debit cards, loans and retirement planning. When it comes to banking, customers can use Truist’s mobile app to send payments via Zelle, lock cards and manage accounts. Customers who have more than $100,000 in assets with Truist can upgrade to Premier Banking to access more perks and personalized advice.
- Assets: $527.49 billion.
- ATMs: More than 2,800.
- Branches: More than 1,900.
TD Bank tailors its services to meet the needs of individuals, small businesses and corporations. The company’s mobile banking app is compatible with Apple and Android devices, allowing customers to pay bills, conduct transfers, submit checks and more. In addition, TD Bank encourages students and young adults to get into banking with benefits like no minimum balances and monthly maintenance fees.
- Assets: $366.51 billion.
- ATMs: More than 2,600.
- Branches: More than 1,100.
BMO enables customers to open a checking account in as little as five minutes and receive perks like no monthly maintenance fees, no overdraft fees and unlimited transactions at ATMs nationally. Customers can easily monitor their accounts with BMO’s mobile app, setting up automatic payments, receiving statements and transferring funds. In addition, BMO features six types of credit cards, with varying financial incentives for customers to choose from.
- Assets: $257.05 billion.
- ATMs: More than 1,400.
- Branches: Around 1,000 across 23 states.
First Citizens Bank provides both checking and savings accounts that are free of minimum balances and monthly fees, making it easier to open an account and start saving. Its mobile app emphasizes convenience as well with Face ID log-in, online check deposits and the ability to lock credit and debit cards. Other areas covered by First Citizens include mortgages, loans, different types of insurance and retirement accounts.
- Assets: $228.63 billion.
- ATMs: More than 600.
- Branches: More than 500 across 23 states.
Morgan Stanley focuses on investment banking, particularly handling mergers and acquisitions and helping institutions raise capital. The firm has integrated artificial intelligence and machine learning into its processes, powering its trading platform and enabling its bankers to more quickly analyze and act on financial data. For in-depth advice, clients can visit Morgan Stanley’s website, which houses insights on personal finance and market trends.
- Assets: $234.48 billion.
- ATMs: More than 2 million between Mastercard, Maestro and STAR.
- Branches: None.
Citizens Bank’s checking and savings accounts come with advantages like simple ways to waive monthly maintenance fees, no overdraft fees, fixed annual percentage rates and 24/7 fraud monitoring. Meanwhile, its credit cards are compatible with popular digital wallets, facilitate contactless payments and are accepted at more than 36 million Mastercard locations globally. Customers can also schedule appointments with Citizens bankers as needed.
- Assets: $220.01 billion.
- ATMs: More than 2,300.
- Branches: More than 900.
Fifth Third Bank attempts to simplify banking through various programs. For example, its Momentum Banking program features no fees or minimum balances, payroll direct deposits that are available up to two days early and extended overdraft windows. A mobile app lets customers receive alerts, access cardless ATMs and pay bills quickly. For additional peace of mind, customers can enroll in identity theft protection services.
- Assets: $211.92 billion.
- ATMs: More than 2,400, along with access to more than 40,000 fee-free partner ATMs.
- Branches: Around 1,000 across 11 states.
Flagstar Bank is one of the nation’s largest regional banks, with locations across New York, New Jersey, Florida, the upper Midwest and the West Coast. Its core savings accounts require just $1 to open, while its most popular checking account comes with no minimum balance and debit card controls. Customers can also bank through Flagstar’s mobile app, accessing the app with touch or Face ID, checking their credit score and connecting to one of several digital wallets.
- Assets: $97.57 billion.
- ATMs: More than 56,600 between Flagstar, AllPoint and Presto.
- Branches: About 400.
M&T Bank connects customers to checking and savings accounts, personal loans and insurance, among other offerings. Its online financial education center touches on basic banking topics, and customers can leverage online and mobile banking tools to monitor accounts, follow a budget and track cash flow. To reach a wider demographic, M&T Bank has multicultural branches with multilingual bankers and multilingual phone support as well.
- Assets: $209.80 billion.
- ATMs: More than 1,600.
- Branches: More than 1,000.
Regions Bank’s services include checking and savings accounts, credit cards, home loans and lines of credit. Preferred Banking customers also get higher limits on mobile deposits, customer support from the Regions Preferred Banking Center any day of the week and a personal banker who offers tailored advice. All customers can access Regions accounts via desktop or the mobile app to send money via Zelle, monitor cards, track spending and more.
- Assets: $158.42 billion.
- ATMs: More than 2,000.
- Branches: About 1,400.
Santander lets customers choose between three checking accounts, depending on their preference for lower fees or more banking rewards. Its savings accounts come with advantages as well, such as low monthly fees, a minimum balance of $25 and no fees on paper statements. In addition, customers can use Santander’s mobile app to send Zelle payments, activate cards, transfer funds between accounts and more.
- Assets: $104.56 billion.
- ATMs: More than 2,000.
- Branches: Around 8,000.
HSBC recognizes customers who open a Premier Relationship savings account and link it to a Premier checking account, granting a much higher annual percentage yield than the standard APY. HSBC also works with customers who are newer to the United States, facilitating international money transfers, opening a U.S. account online before arrival and promoting a mobile-first approach with its banking app.
- Assets: $166.24 billion.
- ATMs: More than 55,000 globally between HSBC and Allpoint.
- Branches: 21 in the U.S.
KeyBank caters to customers with multiple checking accounts that are free of monthly fees and minimum balance requirements. To encourage saving, customers can select an amount to be set aside during each debit card purchase. Besides digital banking capabilities like mobile check deposits, account alerts and Zelle payments, customers can use KeyBank’s intelligent virtual assistant MyKey to automate many of these tasks as well.
- Assets: $185.78 billion.
- ATMs: More than 40,000 between KeyBank and Allpoint.
- Branches: About 1,000.
Huntington Bank’s checking accounts come with convenient perks, including a grace period for overdraft fees, paychecks available up to two days in advance and instant cash transfers for qualifying customers. Digital tools allow customers to analyze their spending, track financial goals and monitor accounts. Those caring for a loved one can also sign up for Huntington’s Caregiver Banking program to jointly manage a loved one’s account.
- Assets: $208.16 billion.
- ATMs: More than 1,600.
- Branches: More than 1,000.
American Express rewards customers for opening a savings or checking account with no monthly fees, no minimum balance requirements and 24/7 customer service. Customers can use the Amex mobile app to review their rewards, deposit checks and send and receive payments via Zelle. Other banking services from American Express include personal loans that involve a quick application process and checking accounts tailored to businesses.
- Assets: $203.45 billion.
- ATMs: More than 1.5 million globally.
- Branches: None.
Northern Trust is a global financial services provider that works with individuals and institutions alike. When it comes to banking, Northern Trust excels in cash management, equipping clients with interest-bearing accounts, customized cash funds and other vehicles. It can also fulfill corporate banking needs, such as advising on how to invest leftover liquidity and helping companies stay compliant with financial regulations.
- Assets: $164.50 billion.
- ATMs: More than 50,000 between Allpoint and MoneyPass.
- Branches: 56 in the U.S.
While known for its credit card products, Discover also provides online banking services. Customers can open several types of banking accounts without worrying about minimum balances, monthly maintenance fees and overdraft fees. For even more savings, customers can earn 1 percent cash back on up to $3,000 in debit card purchases.
- Assets: $145.41 billion.
- ATMs: More than 60,000.
- Branches: None.
Frequently Asked Questions
What is the oldest bank in America?
The oldest bank in the United States is BNY, or the Bank of New York. It was founded in 1784 by Alexander Hamilton.
What are the big four banks in the U.S?
The group known as the “big four banks” in the U.S. consists of JPMorgan Chase, Bank of America, Wells Fargo and Citibank.
Do the largest banks operate internationally?
Yes, many of the largest banks in the United States have office and branch locations across multiple countries to serve wider audiences. This gives them the advantage of supporting services like cross-border investments and lending.
