The Most Popular Bank in Canada: Ranking the Top Choice
Voting rules: Choose the Bank you think is the most popular!
Jun 16, 2023 10:18 (Updated on Dec 2, 2023 19:37)
Welcome to StrawPoll, your go-to hub for engaging polls and exciting rankings on countless topics! Today, we bring you a hot and trending question – "What is the most popular bank in Canada?" We know you've got opinions, and we're here to help you express them! So, whether you're a die-hard fan of a specific bank or just curious about the financial landscape of Canada, this is your chance to make your voice heard. Dive into our diverse list of Canada's top banks and cast your vote for your favorite, or suggest a missing option to make sure everyone's top choice is represented. Let's come together to create the ultimate ranking and uncover the true champions of Canadian banking. Ready, set, vote!
What Is the Most Popular Bank in Canada?
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157votes
The Cosmonaut · CC BY-SA 2.5 caRoyal Bank of Canada (RBC)
Royal Bank of CanadaRBC is the largest bank in Canada in terms of market capitalization and is considered one of the strongest banks in the world. It has a diverse range of financial products and services, including personal banking, commercial banking, and wealth management.DescriptionThe Royal Bank of Canada (RBC) is one of the largest and most reputable banks in Canada. It was founded in 1864 and has since become a global financial institution, offering a wide range of banking and financial services to individuals, businesses, and institutions.- Headquarters: Toronto, Ontario, Canada
- Number of Employees: Approximately 80,000
- Total Assets: CAD 1.5 trillion (as of 2020)
- Revenue: CAD 48.4 billion (as of 2020)
- Number of Branches: Approximately 1,400
Royal Bank of Canada (RBC) in other rankings- Position 1 of 10 in Most successful business in Canada
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211votes
Alexpankratz · Public domainTD Bank is the second-largest bank in Canada and has a strong presence in the US market. It offers a range of financial services, including personal and commercial banking, credit cards, and investment services.DescriptionToronto-Dominion Bank (TD Bank) is one of the largest and most popular banks in Canada. It was founded in 1855 and is headquartered in Toronto. The bank provides a wide range of financial services including personal and commercial banking, wealth management, and investment banking. TD Bank operates through a network of branches and ATMs across Canada and has a substantial presence in the United States as well.- Founded: 1855
- Headquarters: Toronto, Canada
- Services: Personal banking, commercial banking, wealth management, investment banking
- Presence: Canada and United States
- Branches: Numerous across Canada
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327votes
SimonP · CC BY-SA 3.0Bank of Nova Scotia (Scotiabank)
Samuel Stymiest, James McGillScotiabank is one of the oldest banks in Canada and has a strong presence in the Caribbean and Latin America. It offers a range of financial services, including personal and commercial banking, wealth management, and investment banking.DescriptionThe Bank of Nova Scotia, commonly known as Scotiabank, is one of the largest and most popular banks in Canada. It was founded by Samuel Stymiest and James McGill in Halifax, Nova Scotia in 1832. Scotiabank operates as a commercial bank serving millions of customers across Canada and internationally.- Year of foundation: 1832
- Headquarters: Toronto, Ontario, Canada
- Total assets: CAD 1.1 trillion
- Number of employees: approximately 99,000
- Number of branches: approximately 940
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415votes
Dickbauch · CC BY-SA 3.0Bank of Montreal (BMO)
John RichardsonBMO is the fourth-largest bank in Canada and has a strong retail banking presence in the country. It offers a range of financial services, including personal and commercial banking, wealth management, and investment banking.DescriptionThe Bank of Montreal (BMO) is one of the most popular banks in Canada. It is a leading financial services provider that offers a wide range of banking products and services to individuals, businesses, and institutions. BMO has a strong presence in Canada and also operates internationally, with a significant presence in the United States.- Year Founded: 1817
- Headquarters: Toronto, Ontario, Canada
- Number of Employees: approximately 45,000
- Total Assets: CAD $973 billion (as of Q2 2021)
- Number of Branches: approximately 900
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514votes
Taxiarchos228 · CC BY 3.0CIBC is a diversified financial institution that offers a range of financial services, including personal and commercial banking, wealth management, and investment banking.DescriptionThe Canadian Imperial Bank of Commerce (CIBC) is one of the largest banks in Canada, offering a wide range of financial services to individuals, small businesses, and corporations. It provides services such as personal banking, wealth management, corporate banking, and investment banking.- Headquarters: Toronto, Canada
- Total Assets: CAD $675.4 billion
- Number of Employees: Over 44,000
- Branches: Approximately 1,100 branches
- ATMs: Over 3,600 ATMs
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67votes
National Bank of Canada
Louis-Hippolyte LafontaineNational Bank is the sixth-largest bank in Canada and has a strong presence in Quebec. It offers a range of financial services, including personal and commercial banking, wealth management, and investment banking.DescriptionThe National Bank of Canada, also known as Banque Nationale du Canada (BNC), is one of the largest financial institutions in Canada. It was established in 1859 and has its headquarters in Montreal, Quebec. The bank offers a wide range of financial services, including personal and commercial banking, investment management, insurance, and wealth management.- Headquarters: Montreal, Quebec
- Established: 1859
- Type: Public
- Industry: Banking
- Area served: Canada
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75votes
Jean-Philippe Bourgoin · CC BY-SA 3.0Desjardins Group
Alphonse DesjardinsDesjardins is the largest cooperative financial group in Canada and is primarily focused on serving Quebec and Ontario. It offers a range of financial services, including personal and commercial banking, insurance, and wealth management.DescriptionDesjardins Group is the largest cooperative financial group in Canada. It was founded in 1900 and is headquartered in Lévis, Quebec. With over 7 million members, it offers a wide range of personal and commercial banking services, including savings accounts, loans, credit cards, insurance, and investment products.- Number of Members: Over 7 million
- Founding Year: 1900
- Headquarters: Lévis, Quebec
- Financial Services: Banking, Insurance, Investments
- Cooperative Structure: Owned by its members
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810votes
Arnold C · AttributionHSBC Bank Canada
HSBC Bank plcHSBC Bank Canada is a subsidiary of HSBC Holdings, one of the largest banks in the world. It offers a range of financial services, including personal and commercial banking, wealth management, and investment banking.DescriptionHSBC Bank Canada is one of the largest banks in Canada, providing a comprehensive range of financial services to individuals, businesses, and institutions. It is a subsidiary of HSBC Bank plc, a British multinational banking and financial services organization.- Headquarters: Vancouver, British Columbia
- Established: 1981
- Number of branches: Over 100
- Number of ATMs: Over 800
- Total assets: CAD 97.4 billion (as of 2020)
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913votesLaurentian Bank is a regional bank that primarily serves Quebec and Ontario. It offers a range of financial services, including personal and commercial banking, wealth management, and investment banking.DescriptionLaurentian Bank of Canada is a financial institution headquartered in Montreal, Quebec. It was founded in 1846 and is considered one of the major banks in Canada, catering to individuals and businesses across the country. With a focus on personal service and specialized financial solutions, Laurentian Bank provides a wide range of banking products and services.
- Headquarters: Montreal, Quebec
- Founded: 1846
- Type: Public
- Industry: Banking, Financial Services
- Services: Personal Banking, Business Banking, Wealth Management, Commercial Banking
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104votesTangerine is a subsidiary of Scotiabank and is a digital bank that offers a range of financial services, including savings accounts, chequing accounts, and investment products.DescriptionTangerine is a popular bank in Canada known for its innovative digital banking services. It was originally created by ING Bank of Canada in 1997 and was rebranded as Tangerine in 2012. Tangerine aims to provide customers with a simple and easy-to-use banking experience through its online and mobile platforms.
- No-fee Banking: Tangerine offers a range of no-fee banking products, including chequing and savings accounts.
- High-Interest Savings: Customers can earn competitive interest rates on their savings with Tangerine's high-interest savings accounts.
- Cash Back Credit Cards: Tangerine provides cash back credit cards that allow customers to earn rewards on their everyday purchases.
- Mortgage Services: Tangerine offers mortgage services with flexible terms and competitive rates.
- Investment Products: Customers can invest in Tangerine's selection of mutual funds and other investment products.
Missing your favorite Bank?
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Discussion
Ranking factors for popular bank
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Market shareDetermine the bank's percentage of the total banking market in terms of deposits, loans, and assets. A higher market share indicates a higher level of popularity and customer base.
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Number of customersA higher number of customers is a clear indicator of a bank's popularity.
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Customer satisfactionLook for customer satisfaction surveys, reviews, or ratings of the bank's services, including overall satisfaction, customer support, fees, and so on. Higher satisfaction ratings suggest a more popular bank.
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Number of branches and ATMsA larger branch network and more ATMs can indicate a bank's accessibility and popularity among customers.
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Brand reputationAnalyze the bank's reputation in the market, as well as any awards or recognitions received. A strong brand reputation can influence customers' choice of banks.
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Digital banking and mobile app ratingsEvaluate the bank's digital banking and mobile app capabilities since a high-quality online experience can make a bank more popular, especially among younger tech-savvy customers.
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Financial stabilityConsider the bank's financial performance, credit rating, and stability, as customers may be more drawn to banks that have a solid financial foundation.
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Product and service offeringsAnalyze the variety of products and services provided, such as personal banking, business banking, investments, and credit cards. A wider range of offerings can attract more customers to the bank.
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Interest rates and feesCompetitive rates and fees for savings accounts, loans, and credit cards may make a bank more attractive to potential customers.
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Community involvement and sustainability initiativesA bank's commitment to local communities and efforts to promote environmental, social, and governance (ESG) factors can positively impact its popularity, especially among customers who value corporate social responsibility.
About this ranking
This is a community-based ranking of the most popular bank in Canada. We do our best to provide fair voting, but it is not intended to be exhaustive. So if you notice something or Bank is missing, feel free to help improve the ranking!
Statistics
- 1082 views
- 163 votes
- 10 ranked items
Voting Rules
A participant may cast an up or down vote for each Bank once every 24 hours. The rank of each Bank is then calculated from the weighted sum of all up and down votes.
More information on most popular bank in canada
Canada's banking industry is one of the most stable and advanced in the world. With over 80 banks operating in the country, Canadians have a wide range of options to choose from when it comes to selecting a financial institution. These banks offer various services including personal and business banking, investment management, mortgages, and loans. The most popular banks in Canada are known for providing excellent customer service, innovative products, and competitive rates. In this article, we'll take a closer look at the top banks in Canada and determine which one is the most popular among Canadians.
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