What is the most secure bank account in the world?
- BNG Bank, NETHERLANDS.
- Landwirtschaftliche Rentenbank, GERMANY.
- Nederlandse Waterschapsbank, NETHERLANDS.
- L-Bank, GERMANY.
- Kommunalbanken, NORWAY.
- NRW.BANK, GERMANY.
- Swedish Export Credit Corporation, SWEDEN.
- Caisse des Depots et Consignations, FRANCE.
- JPMorgan Chase.
- U.S. Bank.
- PNC Bank.
- Citibank.
- Wells Fargo.
- Capital One.
- M&T Bank Corporation.
- AgriBank.
KfW in 2022 again remains the "world's safest bank". For the fourteenth time in a row, the US finance magazine Global Finance declared KfW the “World's Safest Bank”. KfW once again confirmed its leading position among the 500 largest banks worldwide.
Switzerland
While privacy is fully guaranteed in Swiss bank accounts, these are also generally considered the safest possible investment due to the financially stable economic system.
Switzerland is a notorious worldwide standard for financial safe-havens. Switzerland and banking are almost synonymous with anyone around the world. This highly developed, multilingual European country has become the global standard for financial stability throughout several generations.
- Chase Bank.
- Bank of America.
- Citibank.
- Wells Fargo.
- U.S. Bank.
- PNC Bank.
- Truist Bank.
- Goldman Sachs.
Banking system z-scores, 2021 - Country rankings:
The average for 2021 based on 136 countries was 17.25 index points. The highest value was in Luxembourg: 51.67 index points and the lowest value was in Iceland: 1.28 index points.
(IDCBY) The largest bank in the world in terms of total assets under management (AUM) as well as gross revenues is the Industrial and Commercial Bank Of China Ltd. This institution provides credit cards and loans, financing for businesses, and money management services for companies and high net worth individuals.
| Rank | Bank name | Total assets (2019) (US$ Billion) |
|---|---|---|
| 1 | UBS Global Wealth Management | 2,260.0 |
| 2 | Morgan Stanley Wealth Management | 1,046.0 |
| 3 | Bank of America Global Wealth and Investment Management | 1,021.2 |
| 4 | Credit Suisse Private Banking & Wealth Management | 770.0 |
The Lifestory Research 2022 America's Most Trusted® Bank Study found Chase the most trusted bank. The America's Most Trusted® Study is a large-scale survey of consumers in the United States that seeks to identify the brands that people trust the most within their respective industries.
What banks can I trust?
| Company | Overall Trust Rating | Ethics |
|---|---|---|
| TD Bank | 78.4 | 78.1 |
| Capital One | 76.1 | 79.5 |
| Chase | 71.6 | 71.3 |
If you're wondering what banks do millionaires use to insure their millions, there are currently no banks that insure millions in the US — the Federal Deposit Insurance Corporation is willing to protect up to $250,000 only per depositor, which is why millionaires need to have multiple bank accounts.
JPMorgan Chase is the top largest bank in the US, with a balance sheet total of $3.31 trillion.
Bank of America, Citibank, Union Bank, and HSBC, among others, have created accounts that come with special perquisites for the ultrarich, such as personal bankers, waived fees, and the option of placing trades. The ultrarich are considered to be those with more than $30 million in assets.
The era of Swiss bank secrecy ends in 2018
The end of Swiss bank secrecy in tax matters arrived with the OECD treaty network based on the Automatic Exchange of Information (AEOI) and Common Reporting Standard (CRS) signed in 2017. Over 100 countries signed the treaties about the AEOI.
- Wells Fargo.
- JPMorgan Chase.
- U.S. Bank.
- PNC Bank.
- Citibank.
- Capital One.
- M&T Bank Corporation.
- AgriBank.