What are the top 5 safest banks?
The worst banks are Wells Fargo and Citibank. Wells Fargo is the worst bank overall, with a high percentage of unresolved complaints and loss of Better Business Bureau accreditation. Citibank has a string of high-profile cases involving operational chaos and regulatory fines.
| S. No. | Bank Name |
|---|---|
| 1 | State bank of India (SBI) |
| 2 | HDFC Bank |
| 3 | ICICI Bank |
| 4 | Punjab National Bank (PNB) |
- Ally Bank.
- Citizens Bank.
- Bank of the West.
- US Bank.
- SunTrust.
- Union Bank.
- Wells Fargo.
- HSBC.
The worst banks are Wells Fargo and Citibank. Wells Fargo is the worst bank overall, with a high percentage of unresolved complaints and loss of Better Business Bureau accreditation. Citibank has a string of high-profile cases involving operational chaos and regulatory fines.
| Bank Name | City | Cert |
|---|---|---|
| Citizens Bank | Sac City | 8758 |
| Heartland Tri-State Bank | Elkhart | 25851 |
| First Republic Bank | San Francisco | 59017 |
| Signature Bank | New York | 57053 |
- First Republic Bank (FRC) . Above average liquidity risk and high capital risk.
- Huntington Bancshares (HBAN) . Above average capital risk.
- KeyCorp (KEY) . Above average capital risk.
- Comerica (CMA) . ...
- Truist Financial (TFC) . ...
- Cullen/Frost Bankers (CFR) . ...
- Zions Bancorporation (ZION) .
- Ally Bank. In the event that you are compromised or hacked online, many banks have a two-factor authentication process that allows you, the customer, to log back into your accounts. ...
- Chase. ...
- Citibank. ...
- Wells Fargo. ...
- Bank of America.
| Rank by Asset Size | Bank Name | Total Assets |
|---|---|---|
| 1. | Chase Bank | $3.38 trillion |
| 2. | Bank of America | $2.45 trillion |
| 3. | Wells Fargo | $1.7 trillion |
| 4. | Citibank | $1.68 trillion |
- Ally Bank. You can use any ATM for free as Ally reimburses any fees you may incur. ...
- ING Direct. ING's Electric Orange checking has no ATM fees when you use one from their network. ...
- USAA. ...
- Capital One. ...
- Alliant Credit Union. ...
- PNC. ...
- The Incredible Bank. ...
- Charles Schwab.
1. JPMorgan Chase. JPMorgan Chase, or Chase Bank, is the biggest bank in America with nearly $3.4 trillion in assets. It boasts a vast network of over 4,800 physical branches and more than 15,000 ATMs.
How do I know if my bank is safe?
You can talk to your bank to confirm your coverage. To look up your account's FDIC protection, visit the Electronic Deposit Insurance Estimator or call the FDIC Call Center at (877) 275-3342 (877-ASK-FDIC).
Wells Fargo, along with thousands of other financial institutions, is FDIC-insured. FDIC insurance limits cap at $250,000. The FDIC insures certificates of deposit and money market accounts, along with traditional checking and savings accounts.
| RANK | BANK NAME | TOTAL ASSETS |
|---|---|---|
| 1 | JPMorgan Chase | $3.39 trillion |
| 2 | Bank of America | $2.47 trillion |
| 3 | Wells Fargo | $1.70 trillion |
| 4 | Citigroup | $1.66 trillion |
- Bank of America Corp.
- The Bank of New York Mellon Corp.
- Citigroup Inc.
- The Goldman Sachs Group Inc.
- JPMorgan Chase & Co.
- Morgan Stanley.
- State Street Corp.
- Wells Fargo & Co.
- Capital One Bank: Best online checking account.
- Chase: Best for a large branch network.
- Axos Bank: Best for online account options.
- Discover® Bank: Best for doing all of your banking at one place.
- Synchrony Bank: Best high-yield savings account.
- TD Bank: Best for customer service.
- JPMorgan Chase.
- U.S. Bank.
- PNC Bank.
- Citibank.
- Wells Fargo.
- Capital One.
- M&T Bank Corporation.
- AgriBank.
2024 in Brief
There are no bank failures in 2024. See detailed descriptions below. For more bank failure information on a specific year, select a date from the drop down menu to the right or select a month within the graph.
Recently, a report posted on the Social Science Research Network found that 186 banks in the United States are at risk of failure or collapse due to rising interest rates and a high proportion of uninsured deposits.
| US Bancorp (USB.N) | Review for downgrade of all long-term and select short-term ratings |
| Truist Financial (TFC.N) | Review for downgrade of long-term ratings |
| State Street Corp (STT.N) | Review for downgrade of long-term ratings |
Based on the analysis of Bank of America's financial health, risk profile, and regulatory compliance, we can conclude that the bank is relatively safe from any trouble or collapse. The bank's financial performance has been stable, and its balance sheet shows a healthy level of capital and a diversified loan portfolio.
Which regional banks are in trouble?
NYCB and Republic First are much smaller than two of the three banks that failed after historic deposit runs in March 2023. But bankers, regulators and analysts are worried that more trouble could spark another crisis of confidence in regional banks. each fell more than 1%.
One of the biggest banks, Chase, is also one of the most secure banks to keep your money safe. Chase offers Zero Liability Protection, so if unauthorized transactions are made under your name, you won't be held responsible.
ICBC, the world's biggest bank, is believed to have been attacked by the Russia-linked LockBit ransomware gang that has numbered the likes of IT giant Accenture, the German autoparts firm Continental, and the UK's Royal Mail, amongst its many past victims.
Yes, all Chase bank accounts are FDIC insured (FDIC# 628) up to $250,000 per depositor, for each account ownership category, in the event of a bank failure.
Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with $2.6 trillion in assets and operations worldwide.
