Best Retail Banks Ranked in America's Most Trusted Study — Lifestory Research (2024)

Click on the links below to access prior-year ranking lists and details

2021 America's Most Trusted Bank
2020 America's Most Trusted Bank

America's Most Trusted® is a consumer-based research program based on the opinions of thousands of people familiar with the brands in the study. The America's Most Trusted®study collects opinions on brands within each specific product category; however, only the most recognized brands among thousands of consumers are included in the final national ranking. Additional insights and questions answered can be found in our press releases or the frequently asked questions.

The number of people evaluating each bank in the 2022 study included 17,614 people. Trust is measured through the Lifestory Research Net Trust Quotient. An index score of 100 is average for all bank brands included in the study. A top #1 rank represents the bank brand that produced the top Net Trust Quotient Score among banks. Details of this annual research study are on the survey methodology page.

WHAT IS THE BEST BANK?

To determine the Lifestory Research 2022 America's Most Trusted® Bank, the trust ratings for the most recognized brands were computed. The bank brands that were most recognized in the study were Chase, Capital One Bank, Citibank, PNC Bank, TD Bank, Bank of America, Barclay's, Ally Bank, Citizens Bank, Bank of the West, US Bank, SunTrust, Union Bank, Wells Fargo, and HSBC.

The America's Most Trusted® Study calculates the trust people have across 50 product categories from Home Builders to HVAC Systems to Tools to Kitchen Appliances. People taking the survey are asked their opinions of trust, quality, word-of-mouth, likelihood of recommending to others and several other brand equity questions. See the List of the 2022 Brands for all brands included in this research program.

WHAT ARE THE MOST TRUSTED BRANDS IN AMERICA?

Brands that understand how people view them are consistently found to win the battle for market share and capture the enduring condition of trust. America's Most Trusted® is a consumer-based research program based on thousands of people's opinions actively shopping for products. To identify America's Most Trusted®, Lifestory Research conducts an ongoing annual survey in which people anonymously assess the trust they have in brands they encounter during their active search for specific products. Lifestory Research surveys people with well-established social science research practices that seek to adhere to the highest quality standards of consumer insight.

Lifestory Research studies, products, and services are available for purchase. If you're interested in subscribing to a Lifestory Research study or becoming a client, please contact us, and we'll be in touch.

Lifestory Research America's Most Trusted® Study results are based on survey responses and should not be considered legal or financial advice. Your experiences may vary. For details, see our Terms of Use and Legal Notices on the Lifestory Research website. America's Most Trusted® is a registered trademark of Lifestory with all rights reserved.

No promotional use or advertising can be made of America's Most Trusted® survey results without the express prior written consent of Lifestory Research

Best Retail Banks Ranked in America's Most Trusted Study — Lifestory Research (2024)

FAQs

Which is the most trusted bank in America? ›

Summary: Safest Banks In The U.S. Of May 2024
BankForbes Advisor RatingLearn More CTA text
Chase Bank5.0Learn More
Bank of America4.2
Wells Fargo Bank4.0Learn More
Citi®4.0
1 more row
Jan 29, 2024

Which is the safest bank in the USA? ›

Safest Banks in the U.S.
  1. JPMORGAN CHASE. Member FDIC.
  2. U.S. BANK. U.S. Bank, also referred to as U.S. Bancorp, is a large bank based in Minneapolis, Minnesota, and currently stands as the fifth-largest banking institution in the U.S. ...
  3. PNC BANK. ...
  4. CITIBANK. ...
  5. WELLS FARGO. ...
  6. CAPITAL ONE. ...
  7. M&T BANK CORPORATION. ...
  8. AGRIBANK.
Feb 13, 2024

What bank has the highest customer satisfaction? ›

Capital One received the highest customer satisfaction score among the largest banks in the United States as of 2023, with a score reaching 706 points out of 1,000. JPMorgan Chase, TD Bank, and U.S. Bank followed, while Bank of America, Wells Fargo, and Truist received the lowest scores.

What banks are most at risk right now? ›

These Banks Are the Most Vulnerable
  • 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) .
Mar 16, 2023

What is the most ethical bank in USA? ›

Here are four examples of banks often cited for their ethical business practices.
  1. Aspiration Financial. ...
  2. Sunrise Banks. ...
  3. Amalgamated Bank. ...
  4. National Cooperative Bank.
Sep 1, 2022

Which is the No. 1 bank of the USA? ›

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. With generous bonuses and promotions and a variety of products, Chase is a popular choice for consumers across the country.

Which bank is least likely to go bust? ›

Wells Fargo (WFC)

Nevertheless, it finds itself as one of the least likely financial institutions to fail. Interestingly, since the Jan. opener, WFC gave up more than 13% of equity value. That makes WFC slip in somewhere between JPMorgan Chase and Bank of America.

Which banks are at risk usa? ›

About the FDIC:
Bank NameBankCityCityClosing DateClosing
Republic First Bank dba Republic BankPhiladelphiaApril 26, 2024
Citizens BankSac CityNovember 3, 2023
Heartland Tri-State BankElkhartJuly 28, 2023
First Republic BankSan FranciscoMay 1, 2023
54 more rows

Which banks have AAA rating? ›

Global Top 100
RankNameS&P Rating
1KfWAAA
2Zuercher KantonalbankAAA
3BNG BankAAA
35 more rows
Nov 10, 2023

Which bank has most complaints? ›

America's Worst Banks at a Glance
BankTotal complaintsComplaints per $1 billion deposited
Wells Fargo117,17384.43
Citibank85,462113.08
Bank of America128,40467.47
Capital One83,945225.88
6 more rows
Apr 23, 2024

What bank is the most honest? ›

Following one of the most successful years in United's long history, United Bank has been named the Most Trustworthy Bank in America by Newsweek for 2023.

Which bank is the most stable? ›

The safest banks in the U.S. for May 2024
BankThe Ascent's RatingFDIC Insured?
Capital One4.50Yes
American Express® National Bank4.50Yes
Quontic4.50Yes
Chase4.50Yes
6 more rows
Apr 25, 2024

Which banks are collapsing in 2024? ›

Republic First Bank's demise on April 26 was the first failure of 2024. Its collapse renewed fears that last year's financial instability is still lingering.

What banks are most likely to fail? ›

Historically, small banks are more likely to fail than large banks because they concentrate on regional lending, have fewer revenue streams to diversify risk and possess less capital to absorb losses. However, robust regulatory oversight and FDIC insurance help mitigate the risk to depositors.

What 5 banks are downgraded? ›

It downgraded First Commonwealth Financial, M&T Bank , Synovus Financial, Trustmark and Valley National Bancorp.

Which bank is most trusted in the world? ›

The list of best banks of 2022
RankingBankCountry/Region
World's best corporate bankJPMorgan ChaseUnited States
World's best consumer bankCaixaBankSpain
World's best emerging markets bankHSBCUnited Kingdom
World's best frontier markets bankSociété GénéraleFrance
12 more rows

What is the most secure type of bank account? ›

Savings accounts are a safe place to keep your money because all deposits made by consumers are guaranteed by the FDIC for bank accounts or the NCUA for credit union accounts. Certificates of deposit (CDs) issued by banks and credit unions also carry deposit insurance.

Is Chase or Bank of America better? ›

Bank of America pays slightly higher interest on your account balance. It also has a lower monthly fee and more options to have it waived. While the comparison between the two banks' checking accounts stacks up as a draw, the clear winner among savings accounts is Bank of America Advantage Savings.

What is the safest bank in the world? ›

Global Top 100
RankNameS&P Rating
1KfWAAA
2Zuercher KantonalbankAAA
3BNG BankAAA
35 more rows
Nov 10, 2023

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