20 banks and thrifts with the most deposits

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The top five companies in the ranking had combined deposits of more than $7.5 trillion as of Sept. 30, 2024. Fourteen out of the top 20 saw an increase in their deposits over the previous year, with one seeing a rise of 16.2%.

Scroll through to see which banks and thrifts, listed by their U.S. headquarters, are in the top 20 and how they fared in the 12 months that ended in September. 

Banks and thrifts ranked by total deposits in Q3

Rank Company name Total deposits 2024 Q3 Total deposits 2023 Q3 YOY change
20 Ally $151,950,000,000
152,835,000,000 -0.6%
19 Huntington Bank 158,598,480,000 149,119,030,000 6.4%
18 M&T Bank 164,546,616,000 164,128,801,000 0.3%
17 Fifth Third Bank 168,340,000,000 167,671,000,000 0.4%
16 Citizens Bank 175,890,846,000 178,675,294,000 -1.6%
15 BMO 206,401,621,000 199,456,859,000 3.5%
14 Charles Schwab 246,482,000,000 284,435,000,000 -13.3%
13 State Street Bank 247,429,000,000 213,001,000,000 16.2%
12 BNY 296,478,000,000 277,637,000,000 6.8%
11 TD Bank 316,821,519,000 330,472,412,000 -4.1%
10 Capital One Bank 353,637,675,000 346,016,864,000 2.2%
9 Morgan Stanley 363,724,000,000 345,459,000,000 5.3%
8 Truist Bank 387,778,000,000 400,734,000,000 -3.2%
7 PNC Bank 423,982,380,000 423,631,125,000 0.1%
6 Goldman Sachs Group 443,828,000,000 401,436,000,000 10.6%
5 U.S. Bank 521,131,000,000 518,358,000,000 0.5%
4 Citibank 1,309,999,000,000 1,274,401,000,000 2.8%
3 Wells Fargo 1,349,678,000,000 1,354,083,000,000 -0.3%
2 Bank of America 1,930,352,000,000 1,884,601,000,000 2.4%
1 JPMorgan Chase 2,430,772,000,000 2,379,526,000,000 2.2%
Chart showing banks with the most deposits in Q3 where Ally Bank ranked 20th.
Ally ranked 20th with $151,950,000,000 in deposits in the third quarter.
Chart showing banks with the most deposits in Q3 where Huntington Bank ranked 19th.
Huntington Bank ranked 19th with $158,598,480,000 in deposits in the third quarter.
Chart showing banks with the most deposits in Q3 where M&T Bank ranked 18th.
M&T Bank ranked 18th with $164,546,616,000 in deposits in the third quarter.
Chart showing banks with the most deposits in Q3 where Fifth Third Bank ranked 17th.
Fifth Third Bank ranked 17th with $168,340,000,000 in deposits in the third quarter.
Chart showing banks with the most deposits in Q3 where Citizens Bank ranked 16th.
Citizens Bank ranked 16th with $175,890,846,000 in deposits in the third quarter.
Chart showing banks with the most deposits in Q3 where BMO ranked 15th.
BMO ranked 15th with $206,401,621,000 in deposits in the third quarter.
Chart showing banks with the most deposits in Q3 where Charles Schwab ranked 14th.
Charles Schwab ranked 14th with $246,482,000,000 in deposits in the third quarter.
Chart showing banks with the most deposits in Q3 where State Street Bank ranked 13th.
State Street ranked 13th with $247,429,000,000 in deposits in the third quarter.
Chart showing banks with the most deposits in Q3 where BNY ranked 12th.
BNY ranked 12th with $296,478,000,000 in deposits in the third quarter.
Chart showing banks with the most deposits in Q3 where TD Bank ranked 11th.
TD Bank ranked 11th with $316,821,519,000 in deposits in the third quarter.
Chart showing banks with the most deposits in Q3 where Capital One Bank ranked 10th.
Capital One Bank ranked 10th with $353,637,675,000 in deposits in the third quarter.
Chart showing banks with the most deposits in Q3 where Morgan Stanley ranked 9th.
Morgan Stanley ranked 9th with $363,724,000,000 in deposits in the third quarter.
Chart showing banks with the most deposits in Q3 where Truist ranked 8th.
Truist Bank ranked 8th with $387,778,000,000 in deposits in the third quarter.
Chart showing banks with the most deposits in Q3 where PNC Bank ranked 7th.
PNC Bank ranked 7th with $423,982,380,000 in deposits in the third quarter.
Chart showing banks with the most deposits in Q3 where Goldman Sachs ranked 6th.
Goldman Sachs ranked 6th with $443,828,000,000 in deposits in the third quarter.
Chart showing banks with the most deposits in Q3 where U.S. Bank ranked 5th.
U.S. Bank ranked 5th with $521,131,000,000 in deposits in the third quarter.
Chart showing banks with the most deposits in Q3 where Citibank ranked 4th.
Citibank ranked 4th with $1,309,999,000,000 in deposits in the third quarter.
Chart showing banks with the most deposits in Q3 where Wells Fargo ranked 3rd.
Wells Fargo ranked 3rd with $1,349,678,000,000 in deposits in the third quarter.
Chart showing banks with the most deposits in Q3 where Bank of America ranked 2nd.
Bank of America ranked 2nd with $1,930,352,000,000 in deposits in the third quarter.
Chart showing banks with the most deposits in Q3 where JPMorgan Chase ranked 1st.
JPMorgan Chase ranked 1st with $2,430,772,000,000 in deposits in the third quarter.
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