Recently, the personal finance website GOBankingRates.com released its 2016 report on the best banks in the United States based on bank asset data from the Federal Deposit Insurance Corporation (FDIC), listing the top ten best banks. In this issue of the "U.S. Immigrant Life" column, Worldway Group presents the top ten best banks in the U.S. for 2016 as follows:
1. Best Bank: Wells Fargo
Wells Fargo was named the best bank of 2016. Although it does not have the highest number of ATMs, its 6,200 branches lead all other banks.
In addition, Wells Fargo is unparalleled in its ratings for deposit products, loan and investment services, and mobile banking. Its overall rating was awarded four stars by the authoritative agency Bauer Financial.
2. Bank of America
Bank of America wins for having the most ATMs, with a total of 16,100 across the U.S., but it is also one of the banks with the highest fees.
3. Chase Bank
Chase Bank also has high fees, but it stands out for offering a diverse range of products and convenient financial services.
4. Citibank
Citibank stands out for providing customers with a comprehensive range of products. Although its service fees are high, its APY for certificates of deposit is among the best, reaching 0.15%.
5. First Midwest Bank
First Midwest Bank is one of the two banks in the top ten that does not charge service fees for checking accounts. It has over 50,000 ATMs across the U.S.
6. First Niagara Bank
First Niagara Bank has nearly 400 branches, but they are limited to Connecticut, Massachusetts, New York, and Pennsylvania.
7. Great Western Bank
Great Western Bank is the other bank in the top ten that does not charge service fees for checking accounts. Its APY for certificates of deposit is 0.15%. Although Great Western Bank is rated five stars by Bauer Financial, its drawback is that it only has 158 branches in the U.S., limited to the West and Midwest.
8. HSBC Bank
HSBC Bank offers services for customers with lower check-writing volume and provides checking accounts with no minimum balance requirements, charging a monthly service fee of only $3.
9. PNC Bank
PNC Bank stands out for providing a full range of financial products and services, including brokerage accounts, stocks and bonds, education accounts, and insurance.
10. U.S. Bank
The 12-month certificate of deposit APY for U.S. Bank is 0.10%; the service fee charged for checking accounts is relatively low at $6.95.
As a leading institution in the immigration industry with 19 years of experience, Worldway Group has a comprehensive landing and settlement customer service team. Upon your first arrival in the United States, the Worldway customer service center will provide clients with comprehensive landing and settlement assistance services, including: assisting in arranging airport pick-up for the first entry; assisting with bank account opening procedures; assisting in applying for a Social Security card; assisting with hotel reservations; assisting in booking flights to the U.S.; assisting in contacting driving schools and providing information on driver's license exams; assisting in contacting moving services; and assisting in contacting real estate agents to help with renting or purchasing property, etc.
Worldway also regularly provides high-quality services to our long-term clients. Based on the needs of our clients, we regularly hold seminars on various topics such as U.S. real estate, education, life, financial investment, medical insurance, financial planning, and social welfare. Worldway will accompany you every step of the way on your immigration journey. Consultation Hotline: 400-138-2929
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