Overview of Safest Banks in the US
The goal is to bank with reliable institutions. Before listing the safest banks in the US, let’s identify what makes a bank safe: FDIC insurance, security features, and customer service.
Top Banks in the US
The top five banks in America are JPMorgan Chase, Bank of America, Citibank, Wells Fargo and U.S. Bank.
Most Secure Bank in the US
What is the most secure bank in the US?
United Bank: Most Trustworthy Bank in the US
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.
Features of Safest Banks
Options for better returns are online savings, CDs, and money markets. Features of the safest banks include SSL encryption, debit card locking, multifactor authentication, and 24/7 fraud protection.
Notable Information on Banks in the US
For over three decades now, Global Finance has released an annual list showing us the safest banks across the world. Like other major banks in the United States, Citigroup is regulated by multiple federal and state agencies to ensure its safety, soundness, and compliance with various banking laws.
Headquartered in Charlotte, North Carolina, Bank of America is one of the “big four” banks in the US. Wells Fargo trumps the top US banks by assets in their offering for branches.
On May 1st, JPMorgan Chase assumed all of First Republic Bank’s deposits and nearly all of its assets when it failed. JPMorgan Chase is the top largest bank in the US, with a balance sheet total of $3.31 trillion. Wells Fargo is one of the three largest banks in the US, alongside Chase and Bank of America, and it is the biggest operating in Colorado.