Ramses Delgado, Banking Moderator
@ramses_delgado1
The safety of a bank depends on several factors: financial health, security measures, and federal insurance. Banks insured by the Federal Deposit Insurance Corporation (FDIC) or the National Credit Union Administration (NCUA) offer a high level of security for your deposits, insuring up to $250,000 per depositor, per insured bank, for each account ownership category.
Many well-known banks like Capital One, U.S. Bank, Chase, PNC, Citibank, and Wells Fargo fall into this category. They typically have strong security measures, good financial health, and FDIC or NCUA insurance.
It's important to consider what features are most important to you, such as online banking capabilities, branch access, or interest rates, and choose a bank that aligns with your needs and preferences. Always ensure that any bank you consider is federally insured and has a good reputation for safety and customer service.
Did we answer your question?
Important Disclosures
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers. For full transparency, here is a list of our current advertisers.
Advertisers compensate WalletHub when you click on a link, or your application is approved, or your account is opened. Advertising impacts how and where offers appear on this site (including, for example, the order in which they appear and their prevalence). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Advertising enables WalletHub to provide you proprietary tools, services, and content at no charge. Advertising does not impact WalletHub's editorial content including our best picks, reviews, ratings and opinions. Those are completely independent and not provided, commissioned, or endorsed by any company, as our editors follow a strict editorial policy.