Bank Of America vs GoBank

Struggling to choose between Bank Of America and GoBank? Both products offer unique advantages, making it a tough decision.

Bank Of America is a Business & Commerce solution with tags like banking, finance, personal-banking, small-business-banking, commercial-banking, wealth-management.

It boasts features such as Personal banking, Small business banking, Commercial banking, Wealth management, Retail banking centers, ATMs, Mobile banking, Online banking, Bill pay, Debit and credit cards, Loans and mortgages, Investments and retirement planning and pros including Extensive branch and ATM network, Wide range of banking and financial services, Mobile and online banking options, Reputation as a large, stable financial institution.

On the other hand, GoBank is a Business & Commerce product tagged with mobile-banking, online-banking, atm-access.

Its standout features include Mobile banking app, FDIC insured checking & savings accounts, Fee-free overdraft up to $50, ATM fee reimbursements, Photo check deposit, Person-to-person payments, Bill pay, Goal setting & budgeting tools, and it shines with pros like User-friendly mobile interface, No monthly fees, No minimum balance, Fee reimbursements, Goal tracking, Easy account opening.

Feature	Bank Of America	GoBank
Overall Score	N/A	N/A
Primary Category	Business & Commerce	Business & Commerce

Product Overview

Bank Of America

Description: Bank of America is one of the largest banks in the United States, offering services for personal banking, small business, commercial banking, and wealth management. It has nearly 5,000 retail banking centers and over 16,000 ATMs across the country.

GoBank

Description: GoBank is an online bank designed specifically for mobile use. It offers customers an easy mobile-first banking experience with no physical branches and quick ATM access through a network of ATMs.

Key Features Comparison

Bank Of America Features

• Personal banking
• Small business banking
• Commercial banking
• Wealth management
• Retail banking centers
• ATMs
• Mobile banking
• Online banking
• Bill pay
• Debit and credit cards
• Loans and mortgages
• Investments and retirement planning

GoBank Features

• Mobile banking app
• FDIC insured checking & savings accounts
• Fee-free overdraft up to $50
• ATM fee reimbursements
• Photo check deposit
• Person-to-person payments
• Bill pay
• Goal setting & budgeting tools

Pros & Cons Analysis

Bank Of America

Pros

• Extensive branch and ATM network
• Wide range of banking and financial services
• Mobile and online banking options
• Reputation as a large, stable financial institution

Cons

• Fees for some services
• Potential for long wait times at branches
• Some customer service complaints
• Complexity of services can be overwhelming for some customers

GoBank

Pros

• User-friendly mobile interface
• No monthly fees
• No minimum balance
• Fee reimbursements
• Goal tracking
• Easy account opening

Cons

• No joint accounts
• Limited customer service
• No way to deposit cash
• No interest-earning checking
• Very basic budgeting tools

Pricing Comparison

Bank Of America

• Subscription-Based

GoBank

• Free