Javelin Strategy & Research Announces 2018 Online Banking Award Winners: Bank of America Ranks ‘Best in Class’ for Second Year in Row

San Francisco, Calif., Sept. 18, 2018:  Javelin Strategy & Research today announced its third annual Online Banking Awards. The rankings are based on Javelin’s 2018 Online Banking Scorecard report which measures the prevalence of 250 online features at 28 top U.S. financial institutions. It spotlights trends, best practices, and features in six categories that are fundamental to cementing long-term banking relationships built on advice and growing trust. Each category is weighted based on what consumers indicate as most important to online banking satisfaction.

For the second year in a row, Bank of America earned “Best in Class” and ranked as a leader in five out of six categories. Fifth Third, Huntington, Navy Federal Credit Union, SunTrust, U.S. Bank, USAA, and Wells Fargo ranked as leaders in at least one category.

Ease of Use: Bank of America, Navy Federal Credit Union, USAA, Wells Fargo

Security Empowerment: Bank of America, Navy Federal Credit Union, SunTrust

Financial Fitness: Bank of America, Navy Federal Credit Union, USAA

Money Movement: Fifth Third, Navy Federal Credit Union, SunTrust

Customer Service: Bank of America, SunTrust, U.S. Bank

Account Opening: Bank of America, Huntington, Wells Fargo 

“Even though we are undeniably in the mobile-first era, customer satisfaction will suffer at FIs that fail to invest sufficiently in the online channel,” said Mark Schwanhausser, Director of Digital Banking at Javelin Strategy & Research. “Javelin’s 2018 Online Banking Scorecard enables FIs to assess and understand their online banking strengths and weaknesses and identify strategic and tactical opportunities that will set them apart from their peers.”