About Bank Report Card:
MyBankTracker.com's Bank Report Card is a proprietary rating system designed to assist banking consumers in their decision of understanding if a particular U.S. commercial bank or savings institution is right for them. The ratings system applies over 100 different variables to each institution to measure:
- Consumer advocacy and approval
- Health and stability
- Products / Fees and how they rank to other comparable institutions
- Forward thinking and approach to technology
Performance levels are determined from publicly available information and MyBankTracker.com proprietary customer reviews. When possible, each final output produces specific information that can be reviewed in detail for further examination of that financial institution.
MyBankTracker.com provides its Bank Report Card information for businesses and consumers to use as only one factor in connection with their banking decisions. In connection with banking decisions, businesses and consumers are advised to evaluate independently all financial institutions, consider other information and to contact financial institutions individually to seek answers to their questions.
MyBankTracker.com's Bank Report Card rating system is an independent resource to assist consumers in those banking decisions.
Bank Report Card
MyBankTracker.com's Bank Report Card ratings are comparisons to both industry peer norms and standards. In a very small number of instances rating of one or two stars does not suggest that we believe this bank should not be considered, but rather only indicates that certain below-average performance factors have been found during the applicable rating cycle.
Quarterly updates of the Bank Report Card allow us to monitor changes that may occur, and ratings may fluctuate on a quarterly basis.
The most desirable Bank Report Card rating is five stars; the least desirable is one. Performing institutions will generally receive a rating of three or more stars with the majority of financial institutions falling into the three- to four-star range.
Research & Scoring Methodology
The Bank Report Card ratings system employs more than a 100 factors to measure the consumer appeal, product comparison, fee structure, healthiness and forward thinking of each rated financial institution. Combined results form these factors product our Star Ratings.
When institution receive an estimated rating (Gray Stars), they may be due to the fact that this bank is too new to rate or not enough information has been collect to deem a accurate rating. The estimated rating is not any indication of intuitions lack of value or capabilities. The Bank Report Card is believed to be reliable but the information is not guaranteed. In addition, events since the information was collected may have altered an institution's financial condition.
Use Across Other Parts of MyBankTracker.com
Along with the Bank Report Card found on each intuitions profile page, this rating is also found on other tools on MyBankTracker.com for filtering purposes. Other areas these ratings can be found are our rate (product) comparison tools, bank briefs at the end of news articles or when searching for banks within a particular location.