New J.D. Power Survey Shows Growing Concerns with Canada’s ‘Big Five’ Banks
- Customer satisfaction between Canada's Big Five banks and midsized lenders is growing, according to a new report from J.D. Power.
- Satisfaction with Big Five banks fell seven points to 604, while midsize lenders' satisfaction rose five points to 649, based on a J.D. Power survey.
- Tangerine Bank was rated the highest among midsize lenders for the 14th consecutive year, according to the report.
- Paul McAdam from J.D. Power stated that midsize banks excel in ease of use and personalization, even as larger banks hold most of the consumer market.
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13 Articles
Customer satisfaction falling at Canada’s largest banks as more people look to alternatives
Customer satisfaction at the Big Five banks fell year-over-year, according to a new J.D. Power survey, while consumers with mid-sized lenders gave their institutions higher marks.
Customer satisfaction gap widens between big banks and midsized lenders: J.D. Power (Business)
A new report finds the gap in bank customer satisfaction between Canada's Big Five banks and midsized lenders is widening, with satisfaction at smaller banks rising. A J.D. Power survey finds customer satisfaction with the Big Five lenders fell seven points from last year to 604 on a 1,000-point sca...
Customer satisfaction gap widens between big banks and midsized lenders: J.D. Power
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RBC and Tangerine rank highest for customer satisfaction in annual JD Power Canadian survey - Retail Banker International
RBC ranks highest in customer satisfaction among the Big 5 Canadian banks for a second consecutive year, according to the JD Power 2025 Canada Retail Banking Satisfaction Study. CIBC ranks second ahead of BMO and TD with Scotiabank bringing up the rear. Tangerine Bank ranks highest among midsize banks for a 14th consecutive year ahead of Simplii, National Bank of Canada, Desjardins and ATB. After a surge in customer satisfaction last year in bot…
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