Canadian Treasurer

November 3, 2011

The 2011 Canadian Online Banking scorCard review is out

TORONTO--For the second straight year RBC Royal Bank has ranked 1st in Surviscor’s Online Banking scorCard, a comprehensive, objective annual assessment of online features and functionality at major Canadian banking institutions.

TD Canada Trust, a previous two-time winner, again placed second. Last year’s third place finisher, CIBC, has been bumped by BMO Bank of Montreal which jumped from eighth place. This year also marks the first time the big five banks have taken the top five spots.

Surviscor introduced Ally into the review and once again, customer e-mail responsiveness initiated outside of the secure website is poor as measured by Surviscor's ongoing Customer Email Responsiveness (CER) program. Not one online banking firm attained Surviscor's Platinum status of under 4 hours average response time.

BMO Bank of Montreal and ING Direct improved the most relative to 2010, BMO Bank of Montreal jumping five spots in the rankings and ING Direct increasing its score by 18 points. RBC Royal Bank took the top score in two of the five main measurement categories, ‘Customer Support’ and ‘Website Transactions.’ TD Canada Trust had the best marks for the ‘Getting Started’ and ‘Website Design’ categories. Coast Capital Savings scored highest in the ‘Service Rates and Fees’ category for the third consecutive year. CIBC and Scotiabank failed to take the top scores in any service category this year after winning ‘Getting Started’ and ‘Website Transactions’, respectively, in 2010.

New to this year’s scorCard was an expanded analysis of mobile banking services, environmentally-friendly features and use of social media. The enhancements were due to the growing importance for consumers. Unlike previous years, there were a lot of enhancements to the online offerings, mainly in new easy to use and understand designs. The credit union based firms in the analysis lack the design sophistication of most of the big banks when in the transactional areas of the site. From year to year the overall online experience remained the same at the majority of the firms but not this year.


  1. RBC Royal Bank 84%

  2. TD Canada Trust 79%

  3. BMO Bank of Montreal 76%

  4. CIBC 70%

  5. Scotiabank 70%

  6. Coast Capital Savings 69%

  7. Vancity 66%

  8. National Bank of Canada 1%

  9. Desjardins Bank 60%

  10. ING Direct 59%

  11. PC Financial 57%

  12. HSBC Bank of Canada 56%

  13. Meridian Credit Union 49%

  14. ATB Financial 44%

  15. Ally 34%

  16. Manulife Bank 27%

The 2011 results saw most firms' scores increase from 2010, something that does not usually happen. The criteria questions increased 10% to just over 2000 for the first time. RBC Royal Bank and BMO Bank of Montreal have taken a big step into budgeting and expense tracking to the current transactional history and have introduced a new level of account management to the industry. The products allows users to monitor usage versus budgets down to individual transactional detail along with charts and tables for visual effect.

Surviscor’s Online Banking scorCard is a comprehensive, impartial audit of online features and functionality at major Canadian banking institutions. This simulated-usage study measures over two thousand objective criteria within multiple service categories that are weighted according to industry-defined importance. The scorCard was powered by CorbinPartners Inc., a leading business intelligence provider and gold-seal member of the Marketing Research and Intelligence Association (MRIA).

The next analysis will take place in the fall of 2012



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