Tuesday, February 1, 2011

USA Banks Facts

United States, the super power, being the world’s most developed country is the hub of all activities whether they are industrial or financial, business or commerce, entertainment or media it is offering its public the best of the best. When we talk about the US we virtually find it inevitable to discuss about some of the world’s top banks. Yes, you are right; some of the world’s top banks are having US origin.

Among the top US banks the dominant names are Bank of America, J. P. Morgan Chase & Company, Citigroup, Wells Fargo & Company, HSBC and Barclays. These banks are known world over for their superior services to the customers. However, I am going to touch the four top most banks of the US in this article that are continuously making efforts to make their market in every corner of the world.

Well, among these top US banks, the first place no wonder is occupied by the Bank of America or BOA. According to the number of assets; BOA is without dispute the number one bank in the US. BOA has earned it customers in more than 150 countries of the world owing to the premium services that it provides. Other than this; investment banking industry is another area where BOA has dominancy. A trait that makes it unique is its membership of Global ATM Alliance. GTA membership is a combined venture of some of the top banks of the world to allow their customers to draw money by using ATM card (without any charges) from any of the GTA member bank. Owing to this facility, the customers of BOA can freely travel to abroad without worrying about financial issues.

After BOA, J. P. Morgan Chase & Company is US top bank offering the quality facilities around the world. Although, all of its services and features are worth mentioning, yet the one which is earning a lot of customers is its cash rewards visa card feature. This feature helps the customers in getting different gifts and even cash prizes on making a specific number of points. In addition; the best part is that anyone who is spending as less amount as a single dollar will earn a point. Other than this, it also provides other services to the customers like purchase protection, emergency cash and card replacement etc.

Then there are names like Citigroup and Wells Fargo that are equally renowned and are serving in approximately 140 countries around the globe. They offer a number of attractive features along with providing quality services. Finally, the characteristic which makes all these top US banks the most sought after is that they have huge number of ATMs in nearly every city and state of the US, plus they have the perfect online banking system in all over the world.

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