Wells Fargo

Wells Fargo is following in the footsteps of its biggest competitors by focusing on millennials with mobile banking services. Before enrolling into the app, consumers may utilize Pay with Wells Fargo to access their most frequently used payment options. Greenhouse, a Wells Fargo app, also helps consumers streamline their bills and keep track of their spending.

Wells Fargo, which was founded in 1852, has the most domestic branches of any bank in the country. Despite its efforts to consolidate and close offices, the bank still has the most branches of any bank in the country. Wells Fargo has launched a savings app and a mobile banking app for millennials in addition to its main app. After a series of missteps, the bank has rebranded and is focusing on mending its strained relationship with customers. Read Bankrate's Wells Fargo review. It also employs 268,000 people and has 13,000 ATMs that serve around 80% of the country's population.

Wells Fargo has been restructuring its operations over the last year to focus on industries with great revenue-generating potential, such as credit cards. According to Bloomberg, Wells Fargo introduced a new suite of Visa credit cards in response to its competitors, including a joint card from PayPal and Synchrony Financial, as well as Citigroup's Double Cash. Wells Fargo's position as a prominent bank has been boosted by its entry into the contactless payment sector, especially in light of the epidemic. Contactless credit and debit cards help attract customers who prefer digital banking methods, with 78 percent of the top 100 US shops allowing contactless transactions—and 44 percent of US consumers prefer contactless payments, according to Insider Intelligence.

Headquarters: San Francisco, CA
Assets: $1.77 trillion
Domestic Branches: 5,033

Website: https://www.wellsfargo.com/