Guess who landed the #1 slot on the new “World’s Best Banks” list??
Oh – it’s USAA! Heyo!!!
And that’s just not my opinion as it always is, but this time that of a new survey that just dropped by Forbes after interviewing over 40,000 people around the globe.
Here’s the background on it:
Instead of gauging the balance sheets and P&L statements, as Forbes does for its ranking of the 100 largest publicly-traded U.S. banks published annually in January, Statista surveyed more than 40,000 customers around the globe for their opinions on their current and former banking relationships.
Banks were rated on general satisfaction and key attributes like trust, fees, digital services and financial advice.
So a more “Peoples Choice” feel here than statistics, which it SHOULD be these days because people are supposed to always come first! Making me even happier to see USAA on top of the list since their service to their members is legendary…
Here’s what they specifically said about them in their analyzation of the report:
USAA was the highest-rated bank in the U.S. The bank is open to members of the U.S. military and their families and has more than 12 million members. It scored highly on trust, financial advice and terms and conditions.
Yup! And why I’ve been a proud member for over 20 years now! Thanks Daddy-o!
But enough gushing….
Here are the top bank lists from the US, Canada, and United Kingdom who make up a bulk of the readers of this blog… With a little action from Indonesia thrown in, in hopes of wooing them to read more and improve their rank of 20th place here! ;)
The Best Banks in the U.S.:
A total of 60 were listed, but here’s the top 10:
- Bell Bank
- S&T Bank
- Liberty Bank
- United Community Banks
- Fulton Bank
- Discover Bank
- Rockland Trust
- Eastern Bank
Not surprisingly, you don’t see any of the Big Four on there! (Chase, Bank of America, Wells Fargo, Citigroup) In fact, two of the four didn’t even place in the top 60, and the other two who did (Chase and Citigroup) came in at 37th and 51st respectively.
I actually don’t recognize any of those banks up there except for USAA and Discover Bank, which probably means a lot of the littler regional ones are getting some good play!! So good on y’all!
The Best Banks in Canada:
There was only a total of 5 banks listed here for some reason (maybe they blew the others out of the water?!), but here they are in the order ranked:
- ATB Financial
- Simplii Financial
Tangerine used to be alllll over the blog scene back in the day, and you could hardly even read an article without a Canadian $$$ blogger mentioning them! So glad to see they’re still making people happy!
The Best Banks in The United Kingdom:
Here are the top 10 out of the top 15 that made the list:
- Starling Bank
- Nationwide Building Society
- First Direct
- Virgin Money
- M&S Bank
- Sainsburys Bank Plc
- The co-operative bank
- Clydesdale Bank
- Tesco Bank
Don’t know any here except for that Virgin brand (hubba hubba), but interestingly I did notice a majority from the next five that rounded out the list (Halifax, Barclays, Lloyds Bank, Bank of Scotland). They used to advertise across a lot of $$$ blogs :)
The Best Banks in Indonesia!
The top 5 out of 10:
- Bank Central Asia
- PT Bank Tabungan Pensiunan Nasional (BTPN)
- Bank Negara Indonesia
- Bank Mandiri
That last one sounds like a tropical drink, doesn’t it? :)
To see the full lists of all 23 countries polled, click here: The World’s Best Banks 2019 (use the drop down on the left to select your country) And then to see the write up and analyzation of the lists, go here: The World’s Best Banks: ING And Citibank Lead The Way
ING bank ended up ranking highest across the world with 8 “top” appearances out of the 23 countries, who was then closely followed by Citibank who made 6 placements, though again not highly listed in the U.S. or even Canada or the United Kingdom. In third place came mobile bank N26 who landed on 5 top slots without even operating any physical branches! (Their free worldwide ATM withdrawals and fee-free currency conversions sealed the deal for them!)
So there you have it! The world’s best banks according to Forbes!
What do you think? Did your bank make the list? Have you tried any of these and later ended up regretting it?? Where all my Indonesians at?! ;)
Speak your mind now or forever hold your peace(ful checking account)!
For more “top lists”, see The Best Banks and Financial Products of 2019 that we shared in January covering banking too, but also financial apps, credit cards, credit unions, brokerage accounts, and more.
Jay loves talking about money, collecting coins, blasting hip-hop, and hanging out with his three beautiful boys. You can check out all of his online projects at jmoney.biz. Thanks for reading the blog!