Ranked #1 Most Trustworthy Bank in America (2024)

Earning a first-place ranking on Newsweek’s Most Trustworthy Companies in America list is a testament to our unyielding commitment to our mission of providing excellence in service to our customers, employees, shareholders and communities.
For more than 180 years, we have forged strong relationships built on a foundation of trust, and served our stakeholders with safe, sound and secure practices that have allowed our Company to weather any storm. Our commitment to being a trustworthy institution is deeply embedded in our culture, and we are honored to receive this recognition.

- Richard M. Adams, Jr., CEO, United Bankshares, Inc.

Ranked #1 Most Trustworthy Bank in America (2024)

FAQs

Ranked #1 Most Trustworthy Bank in America? ›

Following one of the most successful years in United's long history, United Bank

United Bank
United Bank is the community bank for the markets we serve. We offer local decision-making and the personalized service our customers have come to expect since 1839, with the insights, technologies, products, and services of a large bank – and a deep commitment to the communities in which we operate.
https://www.bankwithunited.com › about-united
has been named the Most Trustworthy Bank in America by Newsweek for 2023.

What is the most trustworthy bank in the US? ›

JPMorgan Chase, the financial institution that owns Chase Bank, topped our experts' list because it's designated as the world's most systemically important bank on the 2023 G-SIB list.

What is the number 1 bank America? ›

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.

What is the best bank to not get scammed? ›

Chase. 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.

What banks are in danger of failing? ›

Bank regulators view any ratio over 300% as excess exposure to CRE, which puts the bank at greater risk of failure. The banks of greatest concern are Flagstar Bank and Zion Bancorporation, according to the screener. Flagstar Bank reported $113 billion in assets with a total CRE of $51 billion.

What is the strongest US bank? ›

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 No 1? ›

Summary: Top 10 Best Banks in India 2024
Bank NameProfit (Rs.)Market Cap (Rs.)
HDFC Bank164 billion1,105,645
ICICI Bank11,052.60701,004
SBI14,330551,809
Kotak Mahindra3,005355,511
6 more rows
Mar 1, 2024

What is the best bank to use? ›

Best-of 2024 Banking Winners:
  • Alliant Credit Union: Best credit union.
  • Ally Bank: Best bank; best CDs.
  • Charles Schwab Bank: Best for ATM access.
  • Chase: Best for sign-up bonuses; best for branch access.
  • Discover® Bank: Best online banking experience.
May 10, 2024

What is a Tier 1 bank in the US? ›

Bank tiers indicate an institution's financial health. For example, a Tier 1 bank can immediately absorb losses without halting banking operations. A Tier 2 bank or institution with supplementary capital has less secure and harder to liquidate assets, which is less stable during a crisis.

What bank gets scammed the most? ›

Santander

Which banks are riskiest? ›

How regulators look at risk concentration
#BankRCRE to T1+ALLL
1Dime Community Bank549.80%
2First Foundation Bank538.00%
3Provident Bank483.50%
4Valley National Bank472.70%
24 more rows
Mar 9, 2024

Which bank account is most secure? ›

A Brief Look at the Top 10 Banks in India
S. No.Bank Name
1State bank of India (SBI)
2HDFC Bank
3ICICI Bank
4Punjab National Bank (PNB)
6 more rows

Which bank is safest 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.

Which bank is most trustworthy? ›

Top 15 Bank Brands Ranked – 2022 America's Most Trusted Study
  • Ally Bank.
  • Citizens Bank.
  • Bank of the West.
  • US Bank.
  • SunTrust.
  • Union Bank.
  • Wells Fargo.
  • HSBC.

What is the most powerful bank? ›

By market capitalization
RankBank namehide Market cap (US$ billion)
1JPMorgan Chase551.03
2Bank of America288.96
3Industrial and Commercial Bank of China249.28
4Wells Fargo208.41
6 more rows

What is the most ethical bank in USA? ›

U.S. Bank is one of four honorees in the banking category and the only U.S.-based bank to be honored for 10 consecutive years. The listed 2024 World's Most Ethical Companies® honorees outperformed a comparable index of global companies by 12.3% from January 2019 to January 2024.

What top US banks are under investigation? ›

Attorney General Paxton joined a multistate investigation into Bank of America Corporation, Wells Fargo & Company, Morgan Stanley & Co. LLC, JPMorgan Chase & Co., The Goldman Sachs Group, Inc., and Citigroup Inc.

What is the best bank to open in us? ›

Summary of Best Checking Accounts of 2024
Bank/Credit UnionForbes Advisor RatingMinimum Deposit Requirement
Axos Bank Rewards Checking4.8$50
PenFed Credit Union Access America Checking4.7$25
Discover® Cashback Debit Checking4.5$0
EverBank Yield Pledge Checking4.5$100
6 more rows

What is the most trusted online bank? ›

Bankrate's best online banks of 2024
  • Top online bank: Ally.
  • Top online bank: LendingClub.
  • Top online bank: Discover.
  • Top online bank: Bank5 Connect.
  • Top online bank: SoFi.
  • Top online bank: American Express.
  • Top online bank: FNBO Direct.
  • Top online bank: CIT Bank.

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