BanksterCrime

Featured Story

The 10 Worst-Rated Banks in America

How We Ranked the Worst-Rated Banks in America

To rank banks, we started with the total number of each financial institution’s customer complaints, then sorted to account for complaints per $1 billion deposited. These metrics are public data available from the Federal Deposit Insurance Corp. (FDIC) and through the Consumer Financial Protection Bureau (CFBP) database.

We then assessed a score for each bank based on the percentage of complaints that are unresolved and the bank’s Better Business Bureau grade. These scores were considered alongside total complaints and complaints per $1 billion deposited in determining a final ranking.

The 10 Worst-Rated Banks in America

  • Wells Fargo
  • Citibank
  • Bank of America
  • Capital One
  • Discover Bank
  • Citizens Bank
  • Flagstar Bank
  • Fifth Third Bank
  • PNC Bank
  • Comerica Bank

Runners-up: Some regional banks topped the list in states where they are most popular, including Truist Financial, which was formed after a 2019 merger between BB&T and SunTrust banks (Southern U.S.), TD Bank (East Coast) and First National of Omaha (Midwest).

Note that the banks with the poorest ratings are also some of the largest banks in the country — like Wells Fargo and Citibank. Because our data analysis accounted for complaints per $1 billion deposited, this ranking likely reflects that customers have a better experience with community-based banks and credit unions — which doesn’t surprise us!

Trying to stay away from the banks with the most complaints? We’ve rounded up our favorite banks and credit unions based on features we know consumers look for most, including convenience and perks.

These top our list of the best online banks:

  1. CIT Bank
  2. Capital One 360
  3. Axos Bank
  4. Ally Bank
  5. SoFi
  6. LendingClub
  7. Alliant Credit Union
  8. nbkc
  9. Synchrony Bank

America’s Worst Banks at a Glance

Bank Total complaints Complaints per $1 billion deposited Percentage of unresolved complaints Better Business Bureau grade
Wells Fargo 117,173 84.43 3.25% F
Citibank 85,462 113.08 0.43% F
Bank of America 128,404 67.47 3.10% A-
Capital One 83,945 225.88 0.10% A+
Discover Bank 24,364 247.37 0.06% A+
Citizens Bank 11,595 66.38 0.03% NR (not rated)
Flagstar Bank 4,209 49.55 0.00% NR (not rated)
Fifth Third Bank 32,624 194.15 0.28 A+
PNC North America 22,813 51.11 0.48% A+
Comerica Bank 5,306 80.05 0.43% A+

Loading

Don't Miss

New York Community Bancorp Was JPMorgan’s Top Regional Bank Pick for 2024; It’s Lost 73 Percent Y-T-D and Had Its Deposit Rating Downgraded to Junk

By StevieRay Hansen

By Pam Martens and Russ Martens: New York Community Bancorp’s tumultuous share price descent began on January 31 when the bank filed an 8K form with the SEC…

By StevieRay Hansen

BanksterCrime: New Study Says the Fed Is Captured by Congress and White House — Not the Megabanks that Own the Fed Banks and Get Trillions…

Loading

By BanksterCrime

BanksterCrime: As we approach 2024, the United States banking system faces enormous issues, with figures estimating a staggering $517 billion in unrealized losses threatening the…

Loading

By StevieRay Hansen

BanksterCrime: These FDIC-Insured Banks Have Lost 69 to 40 Percent of their Market Value Year-to-Date By Pam Martens and Russ Martens: August 13, 2024 ~ Read…

Loading

By StevieRay Hansen

BanksterCrime: Exposure at Hedge Funds Has Skyrocketed to Over $28 Trillion; Goldman Sachs, Morgan Stanley and JPMorgan Are at Risk By Pam Martens and Russ Martens:…

Loading

Posted in ,

StevieRay Hansen

In his riveting memoir, "A Long Journey Home", StevieRay Hansen will lead you through his incredible journey from homeless kid to multimillionaire oilman willing to give a helping hand to other throwaway kids. Available on Amazon.

Leave a Reply

Your email address will not be published. Required fields are marked *