Which is the safest bank in the world?

The safest bank in the world is generally considered to be KfW (Kreditanstalt für Wiederaufbau) in Germany, a state-owned development bank that has consistently held the top position in Global Finance magazine's annual rankings for over 15 years. Zürcher Kantonalbank (Switzerland) and BNG Bank (Netherlands) typically follow as the next safest.

Who is the No. 1 bank of the world?

The world's #1 bank depends on the metric, but by total assets, it's the Industrial and Commercial Bank of China (ICBC), consistently holding the top spot with trillions in assets. By market capitalization, JPMorgan Chase (US) is often ranked first, reflecting its high market value and diverse services, though ICBC and other Chinese banks (Agricultural Bank of China, China Construction Bank) are also top contenders. 

Which bank is the most safe?

RBI Names SBI, HDFC Bank and ICICI Bank as India's Safest Banks. The Reserve Bank of India has reaffirmed State Bank of India, HDFC Bank and ICICI Bank as the country's most systemically important lenders.

Which banks are at most risk?

Top 10 Most Exposed Banks

• Dime Community Bank – 602%
• Eaglebank – 571%
• Bank OZK – 566%
• Live Oak Banking Company – 550%
• Merchants Bank of Indiana – 539%
• Flagstar Bank – 539%
• Servisfirst Bank – 538%
• First Foundation Bank – 513%

What bank do most millionaires use?

Millionaires don't stick to one bank; they often use major institutions' private banking arms, like J.P. Morgan Private Bank, Bank of America Private Bank (U.S. Trust), and Citi Private Bank, for personalized wealth management, dedicated teams, and global services, alongside other private wealth managers like Goldman Sachs & Morgan Stanley, focusing on customized services beyond basic banking. 

The Safest Banks in the World

What bank does Elon Musk use?

Elon Musk primarily uses major Wall Street investment banks like Morgan Stanley and Goldman Sachs, which have provided him with significant loans and managed his company's offerings, while his personal wealth management is handled through his family office, Excession, with banking handled by various institutions including Bank of America for specific credit lines and lending. He also has financial ties through his ventures, like X's partnership with Visa for digital payments, and his original online bank was X.com, which partnered with First Western National Bank. 

Where do millionaires keep their money if banks only insure $250k?

Millionaires keep their money safe beyond the $250k FDIC limit by using techniques like spreading funds across multiple banks, utilizing IntraFi Network Deposits (which automatically distribute funds to partner banks), opening accounts at private banks with concierge services, or investing in assets like stocks, real estate, and Treasury bills, where wealth isn't held solely in insured bank deposits. Many also use cash management accounts that sweep excess funds into multiple insured banks or utilize specialized accounts for higher coverage. 

Which bank to avoid?

You might want to avoid large banks like Wells Fargo, Bank of America, Chase, and Citibank due to frequent customer complaints about fees, poor service, and past scandals, with some sources also mentioning Capital One, PNC, and U.S. Bank. However, "avoid" depends on your priorities, as these banks often excel in other areas like credit card rewards (Chase) or offer large networks, while smaller banks or online options might suit different needs, though some like Ally also get complaints. 

What is the safest bank to put my money in?

The safest banks for your money are typically large, well-capitalized institutions like Chase Bank, American Express National Bank, and Bank of America, often appearing on lists of Global Systemically Important Banks (G-SIBs), but most importantly, any bank insured by the FDIC (or NCUA for credit unions) is safe for deposits up to $250,000 per depositor, meaning your money is government-backed, regardless of the specific bank's size. For online options, SoFi Bank is noted for security, while large national banks provide stability. 

Is it safe to have $500,000 in one bank?

FDIC insurance protects bank deposits (savings accounts, checking accounts, CDs, money market accounts) up to $250,000 per depositor per bank. SIPC insurance protects brokerage accounts (stocks, bonds, mutual funds) up to $500,000 per customer per brokerage firm if the brokerage goes bankrupt.

What's safer than a bank?

Credit unions are backed by the National Credit Union Share Insurance Fund (NCUSIF), which is equivalent to the Federal Deposit Insurance Corporation (FDIC) for banks. This safety net guarantees your funds, typically up to $250,000 per depositor, should any unexpected turbulence occur.

What are the top 3 best banks?

What are the top 10 banks in the United States?

• Chase Bank.
• Bank of America.
• Citibank.
• Wells Fargo.
• U.S. Bank.
• Capital One.
• Goldman Sachs.
• PNC Bank.

What is the most expensive bank in the world?

The most valuable bank in the world by market capitalization (market cap) is JPMorgan Chase, consistently leading global rankings in 2025, followed by Bank of America and Chinese giants like ICBC. When measured by total assets, however, the Industrial and Commercial Bank of China (ICBC) typically takes the top spot, followed by other major Chinese banks like China Construction Bank and Agricultural Bank of China. 

Which international bank is best?

The top five international banks in 2025 are J.P. Morgan Chase & Co., Bank of America, Citigroup (Citi), HSBC, and Standard Chartered. They were selected for their wide global presence, strong multi-currency payment capabilities, and international account support for both individuals and businesses.

What bank is the most secure from hackers?

No single bank is definitively "most secure," as security involves bank tech, regulatory oversight, and customer habits, but Chase often scores high for its massive size and security features, while Ally Bank stands out with its "Guarantee Against Unauthorized Access," and PNC, Goldman Sachs, and Flushing Bank have ranked high on cyberattack-focused lists. Top banks invest heavily in encryption, monitoring, and fraud protection, but your personal security practices (strong passwords, 2FA) are crucial. 

Where is the best place to put $5000 right now?

You can set aside some, or all, of your $5,000 to help you get started or further boost your emergency fund. You might consider putting this money in an easily accessible account, such as a high-yield savings account or money market account, to be able to access your money promptly when needed.

What banks are most at risk?

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. The bank, however, only had $9.3 billion in total equity, making its total CRE exposure 553% of its total equity.

What is the $3000 rule in banking?

§103.29. This section requires financial institutions to verify a customer's identity and retain records of certain information prior to issuing or selling bank checks and drafts, cashier's checks, money orders and traveler's checks when purchased with currency in amounts between $3,000 and $10,000 inclusive.

What is the best bank to not get scammed?

For strong fraud protection, Bank of America, Chase, and Citi are top contenders, offering features like Zero Liability, advanced alerts, and tools like single-use card numbers, but the "best" depends on your needs; BofA excels in large-bank security, Chase offers fast reimbursement, and Citi provides cutting-edge digital features, with most major banks now layering security for robust defense. 

What bank does Jeff Bezos use?

While Jeff Bezos's personal bank isn't publicly disclosed, ultra-high-net-worth individuals like him typically use private wealth management divisions of major banks, such as J.P Morgan Private Bank, Goldman Sachs Private Wealth Management, or Citi Private Bank, for comprehensive financial management, rather than a standard retail bank, managing his vast wealth primarily through Amazon stock, Blue Origin, and Bezos Expeditions.
 

How much money is too much to keep in a bank account?

If you keep more than $250,000 in your savings account, any money over that amount won't be covered in the event that the bank fails. The amount in excess of $250,000 could be lost. The recommended amount of cash to keep in savings for emergencies is three to six months' worth of living expenses.

What is the 70% money rule?

The 70-20-10 Rule is a simple budgeting framework. This framework divides your income into three areas: 70% for necessary expenditures, 20% for savings and investments including essential security measures like life insurance, and 10% for debt repayment or addressing financial goals.