TD Bank and Bank of America are two established financial institutions that serve customers across the country. But TD’s 1,300 branches are scattered across the East Coast and Bank of America is found in 38 states. Compare account offerings, rates and fees to find out which bank is right for you.
Winner: TD Bank
Both banks offer three standard checking options, and while they both have an account that pays interest, the amount you’ll earn is insignificant. TD wins this category for its lower deposit requirements, free out-of-network ATM transactions and a number of waived fees.
Winner: TD Bank
TD has far more term options, higher APYs, lower minimum deposit requirements and one penalty-fee withdrawal, making it the better option for CDs.
Winner:TD Bank
Both banks have a wide selection of financial products, but TD wins for its larger selection of investing and retirement products.
Both TD and Bank of America have customer service that’s available seven days a week, but TD offers extended banking hours and 24/7 access to customer service.
| TD Bank | Bank of America | |
|---|---|---|
| Branches | 1,300 in 17 states plus 1,150 in Canada | 4,400 in 38 states plus branches in 40 countries |
| ATMs | 2,500+ | 16,000 |
| Customer service |
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Both banks have special features that make them unique:
| TD Bank |
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| Bank of America |
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Winner: Tie
Pick TD Bank if you live on the East Coast or if you want extended banking hours and 24/7 customer service. Choose Bank of America if you want military benefits, rewards programs and opening bonuses. Bank of America and TD Bank both offer a selection of banking products, but both banks pay lower interest than other institutions.
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