Largest Debit Card Issuers

Posted by: Bianca Peter

wh-statistic-largest-debit-card-issuersThe debit card market’s corporate hierarchy is important for a number of reasons.  For starters, financial institutions with a large deposit account business are well-positioned for success in the lending space, as they typically to have a lot of cash on hand.  In addition, the largest debit card issuers tend to offer some of the best checking accounts, and their popularity is tantamount to a seal of approval borne from consumer comparison shopping.  Finally, comparing the largest debit card issuers to the largest credit card issuers will give you a sense of how the power structure varies across segments of the personal finance industry.

(Source: Nilson Report, April 2019)

Top U.S. Debit Card Issuers based on Purchase Volume (in Billions)

Rank (2015)IssuerPurchase Volume 2017Purchase Volume 2015Purchase Volume 2013Purchase Volume 2011Purchase Volume 2009
1Wells Fargo$321.10$287.00$247.00$217.70$175.59
2Bank of America$312.20$290.40$274.00$261.40$227.58
3Chase$294.70$204.80$183.00$171.10$146.16
4PNC$68.10$59.30$54.00$42.80$34.33
5U.S. Bank$65.80$59.10$52.00$45.60$37.28
6USAA$51.00$46.30$39.00$30.00N/A
7ICBA$43.90N/AN/AN/AN/A
8Bancorp$43.80$40.00$40.00N/AN/A
9TD Bank$43.10$36.20$32.00$25.50$21.58
10Navy$41.20N/AN/AN/AN/A
(Source: Nilson Report, April 2010 - 2018)

   

(Source: Nilson Report, June 2018 and June 2019)

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