SNSafra National Bank of New York
Three stars: a clean ten-year record, protected deposits and a desk for external managers.
Why Safra National Bank of New York has three stars
Safra National Bank of New York earns three stars. No final adverse finding against this licence holder in ten years of regulatory and court records. What a family should weigh: only a summary of the custody terms is public. The file does not yet show the services offered here. The rating counts only what is on file.
Noam Cohen, Editor, Bank IntelligenceReviewed 6 November 2026, Q4 2026 edition. The rating weighs the public record together with what clients and their advisers tell us in confidence; retail products, branches and apps play no part.
Where Safra National Bank of New York stands out
- No final adverse finding against this licence holder in ten years of regulatory and court records.
- Custody assets are protected by statute in the booking centre, with conditions a family should read.
- Deposits are covered by a statutory protection scheme.
- A dedicated desk serves external asset managers and family offices.
- No politically exposed person holds a significant stake.
What to weigh
- Only a summary of the custody terms is public.
- No fee schedule is published; pricing is given on request.
- No public policy on third-party payments or retrocessions.
- Ownership is only partly public.
- There is no published list of what this booking centre offers private clients.
The rating expresses the opinion of PPLI.com on the date shown. It is not a statement of fact about the bank, not a credit rating, not a forecast of failure and not investment advice.
Regulatory and legal record
What regulators, prosecutors and courts have decided, recorded against the legal entity they named, with the status, the amounts as published and a link to the original document. Claims and investigations still under way are marked as open.
Client experience and financial standing
What clients meet at Safra National Bank of New York, read from complaint registers, ombudsman decisions and court records, independent reporting and what clients and their advisers tell PPLI.com in confidence. Announcements by the bank, awards and marketing material are left out.
What clients report
The 2023 lawsuit within the Safra family over a holding company linked to the bank does not name the bank as a party, and no outcome is known. Matters found under the Safra name on public registers concern a different institution, M.Y. Safra Bank, and are not attributable to this bank.
Worth raising with the bank
- Ask who controls the holding company above the bank, and whether the 2023 New York lawsuit in which Alberto Safra alleged his stake had been diluted has been resolved.
In the press
- finews.ch
Safra-Familienstreit landet vor US-Gericht
Alberto Safra sued his mother Vicky and his brothers Jacob and David in New York State court, alleging they diluted his stake in a holding company linked to the bank to push him out of the family business.
What Safra National Bank of New York charges
Safra National Bank of New York does not publish its private banking fees. The site says that pricing is given on request. We searched its website on 6 November 2026 for a fee schedule, a tariff or a pricing page. We read its legal, documents and client information pages and searched the site in each language it uses. 96 of the 151 banks we cover publish theirs. A family cannot see what a relationship with Safra National Bank of New York would cost before asking, so the cost transparency element of the PPLI.com rating gives Safra National Bank of New York no credit for a published schedule, and the bank cannot be placed in our fee comparison. If Safra National Bank of New York publishes a schedule, we will read it and add it in the next edition.
Banks that publish their fees, and how they compare, are listed on the comparison page. If you hold a proposal from Safra National Bank of New York, our editors can place it against the published fees of other banks in confidence: write to [email protected].
Identity, protection and services
Legal identity
Ownership
Ownership is shown as published, with its date. It describes who owns the bank; it does not, by itself, suggest any wrongdoing by the bank or its owners.
Financial strength, as reported
Rows without a source link are taken from the published reports of Safra National Bank of New York (FDIC call report data, FDIC cert 26876). Sources: FDIC BankFind Suite API - financials for Safra National Bank of New York, report date 31 Dec 2025 (call report data); FDIC BankFind Suite API - institution record (established 01/01/1987); Safra National Bank of New York: Financials page.
Services published for this booking unit
Offered at this booking centreOffered by the group, not confirmed hereNot located, which does not mean unavailable
Checked on the bank's own pages, 2 November 2026.
Access and costs
Protection of client assets
Before opening an account
- Custody agreement. The applicable legal framework is set out above. Ask for the agreement that would govern your account and check how securities are titled, whether any sub-custodian is used, and when the bank may take a lien.
- Account eligibility. Ask for the opening and ongoing minimum for the service you need, and confirm whether the bank measures it per account, per legal entity or across the family relationship.
- Transferring assets out. Ask which positions can be transferred without selling them, who approves exceptions, and how charges are calculated for each position and market.
Rate Safra National Bank of New York
If you bank with Safra National Bank of New York or advise clients who do, your experience forms part of its PPLI.com rating. Every response is read by the editor and treated in strict confidence.
Sources
All 10 documents cited on this page, by subject.
Client experience and press
Identity, ownership, finances and services
- api.fdic.gov: Institutionsapi.fdic.gov · Licence
- en.wikipedia.org: Safra National Bank of New Yorken.wikipedia.org · Group parent
- api.fdic.gov: FDIC BankFind Suite API - financials for Safra National Bank of New York, report date 31 Dec 2025 (call report data)api.fdic.gov · Financial strength
- api.fdic.gov: FDIC BankFind Suite API - institution record (established 01/01/1987)api.fdic.gov · Financial strength
- Safra National Bank of New York: Financials pagesafra.com · Financial strength
- Safra National Bank of New York: Private clientssafra.com · Services
- Safra National Bank of New York: External managers family officessafra.com · Services
- safrasecurities.com: SSLD Disclosure Document (PDF)safrasecurities.com · Third party payments
The bank
For Safra National Bank of New York
Before we publish a significant negative finding that is not already public, we give the bank the facts and time to comment, on the same timetable for every bank. Decisions of regulators and courts are shown as they were published. Corrections we verify are published with the date of the change. Write to [email protected] quoting reference BK-US-SAFRA-NATIONAL-3A010E.
Reviewing this file with us
Families and their advisers read this file before they open an account. It can only be as complete as the documents we can find, and much of what sets a private bank apart, from its custody terms to the way a client team works, is rarely published.
If you represent Safra National Bank of New York, one of our Bank Intelligence analysts can go through the file with you: correct anything that is out of date, add terms and documents that are not yet public, and set out what has improved since our last edition. The review is a paid engagement for the analyst's time and research.
The rating itself stays with our editor and follows what the documents show, so we cannot promise a particular result. When a review changes the file, this page notes that the bank took part, with the date and what was added.
About this file
Researched by the PPLI.com research desk from the public sources listed. The rating is our editorial opinion; read how we rate.