Largest Debit Card Issuers
5:48 AMPosted by: Bianca Peter
The 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.
Top U.S. Debit Card Issuers based on Purchase Volume (in Billions)
| Rank (2015) | Issuer | Purchase Volume 2017 | Purchase Volume 2015 | Purchase Volume 2013 | Purchase Volume 2011 | Purchase Volume 2009 |
|---|---|---|---|---|---|---|
| 1 | Wells Fargo | $321.10 | $287.00 | $247.00 | $217.70 | $175.59 |
| 2 | Bank of America | $312.20 | $290.40 | $274.00 | $261.40 | $227.58 |
| 3 | Chase | $294.70 | $204.80 | $183.00 | $171.10 | $146.16 |
| 4 | PNC | $68.10 | $59.30 | $54.00 | $42.80 | $34.33 |
| 5 | U.S. Bank | $65.80 | $59.10 | $52.00 | $45.60 | $37.28 |
| 6 | USAA | $51.00 | $46.30 | $39.00 | $30.00 | N/A |
| 7 | ICBA | $43.90 | N/A | N/A | N/A | N/A |
| 8 | Bancorp | $43.80 | $40.00 | $40.00 | N/A | N/A |
| 9 | TD Bank | $43.10 | $36.20 | $32.00 | $25.50 | $21.58 |
| 10 | Navy | $41.20 | N/A | N/A | N/A | N/A |
(Source: Nilson Report, June 2018 and June 2019)
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