Estimates vary depending on the survey and whether “bank account” means savings, checking, or overall net worth. Most reliable surveys focus on retirement or savings account balances rather than total bank holdings. Roughly 14% of Americans report having at least $100,000 in savings, according to a 2023 survey cited by SoFi.
Separately, Employee Benefit Research Institute data shows 22.1% of Americans have at least $100,000 saved, though that figure covers retirement accounts specifically, not general bank deposits.
No single authoritative source tracks “bank account” balances alone, so figures range from about 14% to 22% depending on methodology and account type.
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Average Amount in a Checking Account in the USA
According to the Federal Reserve’s Survey of Consumer Finances, the average household checking account balance was $16,891 in 2022, while the median household checking account balance was $2,800.
The average is much higher than the median because high-net-worth individuals skew the mean upward, so the median offers a clearer view of the typical account.
Balances also vary a lot by age and income: those under 35 have an average of $20,540 and a median of $5,400, while older, higher-income households tend to hold much more.