While rankings fluctuate, recent reports from Roy Morgan and Savings.com.au suggest AMP, Westpac, and ANZ often rank among Australia's least trusted major banks, with ANZ showing significant improvement but still trailing, while NAB also experienced periods of low trust following the Hayne Royal Commission. AMP and Westpac have frequently appeared at the bottom of trust surveys, though their positions can shift.
According to the Forrester's survey, these banks had the lowest percentage of customers that believe the bank “does what's right for me”:
While Bendigo Bank consistently held the title for years, recent 2025 data from Roy Morgan shows the Commonwealth Bank (CBA) has taken over as Australia's most trusted bank, recognized for digital security and customer service, though customer-owned banks (like Bendigo) are noted for strong sector-wide trust.
In FY25, State Bank of India (SBI) recorded the highest customer complaints among Indian banks, totaling over 6.87 lakh, with 1.05 lakh pending resolution, primarily due to unauthorized electronic debit transactions and delays in essential services.
Summary. The Australian financial system, including APRA-regulated entities across banking, insurance and superannuation, continues to be safe, stable and resilient. The system is well-placed to absorb potential adverse shocks in a rapidly changing, complex and highly interconnected operating environment.
National Australia Bank (NAB) has ranked first as the safest bank in Australasia and number 16 in the world, the Rankings of the World's 50 Safest Banks report from Global Finance has found.
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.
SoFi® (Member FDIC) is a top choice for online banking security, thanks to its robust fraud protection, two-factor authentication, and FDIC insurance covering deposits up to $3 million ⁴.
Most Ethical Bank Australia
Macquarie Bank Transaction Account
The Macquarie Transaction Account is one of the best bank accounts in the market if you're wanting to also earn interest on your balance. Your bank account balance will earn 2% p.a. interest with no conditions to meet, helping you save more money.
If you are an Australian tax resident and you have an account in a financial institution overseas, we will receive your information from the tax authority of that jurisdiction. All information reported under these laws is handled in the strictest confidence by the ATO and foreign tax authorities.
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.
India's Position
Parliament has to enact a legislation establishing the Bad Bank – by whatever name called – NAMA, PARA, or NAMC. The Government shall retain minority stake in the Bad Bank and invite the private investors to hold the majority.
Treasury regulation 31 CFR 103.29 prohibits financial institutions from issuing or selling monetary instruments purchased with cash in amounts of $3,000 to $10,000, inclusive, unless it obtains and records certain identifying information on the purchaser and specific transaction information.
While Bendigo Bank consistently held the title for years, recent 2025 data from Roy Morgan shows the Commonwealth Bank (CBA) has taken over as Australia's most trusted bank, recognized for digital security and customer service, though customer-owned banks (like Bendigo) are noted for strong sector-wide trust.
This evidence-driven guide covers three of the UK's best banks (Nationwide, Triodos, Co-operative) and three of the UK's worst banks (Barclays, HSBC, Lloyds), with a focus on factory farming and industrial animal agriculture, nature, and climate impacts.
Banking Code of Practice
By adopting the Code, we demonstrate our dedication to ethical conduct, transparency, and responsible practices, all while ensuring enhanced protection for our customers.
Seven of the 33 banks with more than $100 billion in assets are above the threshold. The Bank of New York Mellon has a 100% ratio of uninsured deposits, followed by State Street Bank, 92.6%; Northern Trust, 73.9%; Citibank, 72.5%; HSBC Bank, 69.8%; J.P Morgan Chase, 51.7% and U.S. Bank, 50.4%.
Wells Fargo Bank
Wells Fargo doesn't offer virtual cards for digital shopping, but it keeps accounts safe with security features like multi-factor authentication and activity alerts. Read more in our Wells Fargo Review.
You should be wary of answering calls from Caribbean area codes like 876 (Jamaica), 473 (Grenada), 268 (Antigua & Barbuda), 284 (BVI), and 649 (Turks & Caicos), as these are frequently linked to one-ring scams, lottery fraud, and investment scams, where a brief ring prompts you to call back, incurring high charges. Letting calls from unknown international numbers go to voicemail is best, as scammers often spoof local numbers or use these hotspots for fraud, and legitimate callers usually leave a message.
It's not fully safe to keep $500,000 in one bank because standard government deposit insurance (like the FDIC in the U.S. or FCS in Australia) typically covers only up to $250,000 per depositor, per institution, per ownership category; the excess over $250,000 is unprotected if the bank fails, so you should spread your funds across different banks or use different ownership structures (like joint or business accounts) to ensure full coverage, or explore cash management accounts.