SunTrust Bank that has 1,400 branches in the Southeast region. Their checking accounts require $100 to open while also offering different ways to waive fees.
Moreover, they have additional offers for their savings account where you get an annual 1% bonus and for their promotional CDs that offers high APY rates.
Whereas, Bank of America offer many different accounts: checking, savings, CDs, IRA and investment accounts through Merrill Edge.
Not only that, they are highly praised for their good customer service with extended hours.
Continue reading below to see a side-by-side comparison between the two banks, so you can see which one offers the services you need the most.
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| Suntrust Bank | Bank of America | |
| Locations | 1400 bank branches across 11 southeastern states and Washington D.C. | Over 5,000 locations (Locator) |
| ATMs | More than 2000 ATMs across 11 southeastern states and Washington DC. | Over 1,800 ATMs |
| Savings | 3.5/5 | 3/5 |
| CD | 4.5/5 | 2/5 |
| Checking | 3/5 | 2.5/5 |
| Money Market | 3/5 | |
| Customer Service | 4/5 | 4/5 |
| Mobile App | 4/5 | 4.5/5 |
| Pros | -High APY for CDs -Free student account – Good customer service |
-National availability -Extended customer service hours -Full service bank |
| Cons | -No free checking option – Low APY savings -Limited branches |
-No free checking option – Low interest rate -Many miscellaneous banking fees |
| Bottom Line | SunTrust Bank offers a wide variety of checking and savings accounts, offering comparable interest rates to most big banks. | Bank of America operates nationwide offering many account options like checking, savings, and more! |
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Bottom Line
Which Bank is Better: SuntTrust Bank or Bank of America?
In summary:
- If you’re interested in good customer service and high APY for CDs then SunTrust is a good option, but note that they have limited branches.
- Bank of America has many account options and their user friendly interface and mobile app is noteworthy. They offer lower interest rates!
For more variety of options, see our list of the best bank account bonuses & savings account offers.
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