Checking accounts
Bank of America Checking accounts remained flat by 0.0% to $1.10T in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 22.8%, from $896.00B to $1.10T. Over 5 years (FY 2020 to FY 2025), Checking accounts shows an upward trend with a 6.6% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates strong liquidity and a lower cost of funding, while a decrease may signal competitive pressure or shifting customer liquidity preferences.
Detailed definition
This represents the total balance of customer funds held in checking accounts that are payable on demand without prior n...
Peer comparison
Major retail banks prioritize this metric as a core measure of deposit base stability and funding cost advantage.
other_demand_deposit_accountsHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $936.20B | $962.90B | $1.00T | $1.00T | $947.50B | $930.30B | $918.90B | $924.80B | $899.90B | $887.70B | $897.30B | $898.80B | $859.70B | $867.10B | $892.90B | $896.00B | $899.30B | $896.30B | $1.10T | $1.10T |
| QoQ Change | — | +2.9% | +3.9% | +0.0% | -5.3% | -1.8% | -1.2% | +0.6% | -2.7% | -1.4% | +1.1% | +0.2% | -4.4% | +0.9% | +3.0% | +0.3% | +0.4% | -0.3% | +22.7% | +0.0% |
| YoY Change | — | — | — | — | +1.2% | -3.4% | -8.1% | -7.5% | -5.0% | -4.6% | -2.4% | -2.8% | -4.5% | -2.3% | -0.5% | -0.3% | +4.6% | +3.4% | +23.2% | +22.8% |
Checking accounts at Other Companies
Frequently Asked Questions
- What is Bank of America's checking accounts?
- Bank of America (BAC) reported checking accounts of $1.10T in Q1 2026.
- How has Bank of America's checking accounts changed year-over-year?
- Bank of America's checking accounts increased by 22.8% year-over-year, from $896.00B to $1.10T.
- What is the long-term trend for Bank of America's checking accounts?
- Over 5 years (2020 to 2025), Bank of America's checking accounts has grown at a 6.6% compound annual growth rate (CAGR), from $799.00B to $1.10T.
- What does checking accounts mean?
- The total amount of money held by customers in checking accounts that can be withdrawn at any time.