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

What is the most trustable bank? ›

In India, these three banks, SBI, HDFC, and ICICI, have been declared the safest due to their size.

Which 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.

Which is the top No. 1 bank in the world? ›

List of Top 10 Largest Banks in the World 2024
RankBankHeadquarters
1JPMorgan ChaseNew York, USA
2Bank Of AmericaNorth Carolina, USA
3ICBC LimitedBeijing, China
4Wells FargoCalifornia, USA
6 more rows
Jan 29, 2024

What 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

Which bank is 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.

What bank has the most issues? ›

  • 1: Wells Fargo. Worst Bank Overall. ...
  • 2: Citibank. Worst Bank Runner-up. ...
  • 3: Bank of America. Most Complaints Overall. ...
  • 4: Capital One. Most Better Business Bureau Complaints. ...
  • 5: Discover. Highest Rate of Complaints. ...
  • 6: Citizens Bank. Worst Fees Overall. ...
  • 7: Flagstar Bank. ...
  • 8: Fifth Third Bank.

What is the least safest bank? ›

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.

What bank do most rich people use? ›

The Most Popular Banks for Millionaires
  1. JP Morgan Private Bank. “J.P. Morgan Private Bank is known for its investment services, which makes them a great option for those with millionaire status,” Kullberg said. ...
  2. Bank of America Private Bank. ...
  3. Citi Private Bank. ...
  4. Chase Private Client.
Jan 29, 2024

Which bank is the most financially 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 bank is rated the highest? ›

What are the top 10 banks in the United States?
  • Chase Bank.
  • Bank of America.
  • Wells Fargo.
  • Citibank.
  • U.S. Bank.
  • PNC Bank.
  • Goldman Sachs.
  • Truist Bank.
Dec 21, 2023

What is the number 1 Bank of America? ›

J.P. Morgan Chase is the number one bank in America in terms of total assets held, according to the Federal Reserve.

Which bank is most trusted in the world? ›

  • DBS. The Singapore-headquartered international bank, DBS Bank, was named the world's best bank in 2022. ...
  • JPMorgan Chase. JPMorgan Chase has since recovered from its financial woes in 2008, being named the world's best corporate bank. ...
  • CaixaBank. ...
  • HSBC. ...
  • Société Générale. ...
  • BNP Paribas. ...
  • CIBC Mellon. ...
  • Kuwait Finance House.

Which bank is best for USA? ›

Best Banks of May 2024
  • Capital One 360 Checking: Best online checking account.
  • Chase Total Checking®: Best for a large branch network.
  • Axos Bank Rewards Checking: Best for online account options.
  • Discover® Bank: Best for doing all of your banking at one place.
  • Synchrony Bank: Best high-yield savings account.
Apr 29, 2024

Which bank is better, Chase or Bank of America? ›

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 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.

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