There's no single "most secure" bank, as security involves both bank strength (capital ratios, ratings) and customer-facing features (scam protection, authentication), but top contenders globally often include Swiss cantonal banks (like Zürcher Kantonalbank) and large national banks with strong capital (like those in the US, Canada, Australia, India), while in Australia, Commonwealth Bank, NAB, Westpac, ANZ, and Bendigo Bank are noted for high security/trust, with features like real-time fraud detection and strong digital tools.
CommBank, ANZ, NAB and Westpac all now rank among the 25 safest banks in the world. As you can see, the big four have identical scores, all very strong indicating a very low credit risk.
Which is the most secure bank in India?
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.
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.
The Top 10 FinServ Data Breaches
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.
Best National Banks
Naturally, you want to be absolutely sure your savings will be secure, even in times of financial crisis. Credit unions offer unique advantages that can provide greater security and peace of mind during financial downturns. Here's why a credit union can be a better choice than a bank during a financial crisis.
Commonwealth Bank
It is recognised as a leader in the Payments and Transaction categories as well as security features for customers. As one of the big four banks, Commonwealth Bank is one of Australia's largest and most established financial institutions.
To see if your bank's protected, use the Financial Services Compensation Scheme's checker. Take care to get the name of the bank right, and check that the six-digit 'FRN' under the bank's name matches the Financial Conduct Authority register number the bank lists on its own website.
1. Commonwealth Bank of Australia. Commonwealth Bank dominates the Australian banking landscape as the nation's largest financial institution by every major measure including assets, market capitalisation, deposits and customer numbers.
With the right habits and tools in place, you can make your bank account significantly harder for hackers to access and help prevent identity theft.
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.
In terms of absolute size based on tier one capital, ANZ remains the largest Australian lender, followed by Commonwealth Bank and National Australia Bank. Based on improvement across a number of indicators, however, Westpac comes out on top of The Banker's performance table.
Industrial and Commercial Bank of China Ltd.
As of 2025, Industrial and Commercial Bank of China (ICBC) is the largest bank in the world in terms of total assets under management.
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.
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.
A high-risk bank account is also known as a high-risk merchant account. High-risk banks provide merchant accounts to high-risk industries. They have separate standards for approving your account and are more lenient when it comes to your industry or chargeback rates.
If someone breaks into your online banking account, your money could be gone before you know anything happened. When online thieves discover your username and password, they can access your account and transfer its entire balance to criminal accounts where it cannot be recovered.
Here are seven of the most famous hackers of all time and the stories behind their cyber escapades.
Up to 100,000 Australians' personal information has been exposed in a hack affecting Westpac Bank. Westpac confirmed on Monday that details of Australian bank customers (not just those of Westpac) were exposed in a cyberattack on real time payments platform PayID.