For example, we look at overdraft fees for checking accounts and early withdrawal penalties for CDs.Įvelyn He is a compliance associate at Business Insider who supports the Personal Finance Insider team. We'll also consider specific features for specific types of bank accounts. We evaluate a bank's ethics, customer service, and mobile app for all accounts. Lone Star National Bank Review Why You Should Trust Us: How We Reviewed International Bank of CommerceĪt Personal Finance Insider, we rate savings, checking, CDs and money market accounts using a banking methodology and CD methodology.Įach account receives a rating between 0 and 5. If you're planning on opening a CD, Lone Star National Bank requires a lower minimum opening deposit. International Bank of Commerce has a free checking account, while Lone Star National Bank checking accounts have monthly service fees, and you'll need to meet certain requirements to waive them. International Bank of Commerce also might be more suitable if you want to avoid monthly service fees on checking accounts. It has over 167 locations, while Lone Star National Bank has 38 branches. You'll prefer International Bank of Commerce over Lone Star National Bank if you value having a robust branch network. In comparison, the International Bank of Commerce Personal Savings Account has a monthly service fee unless you qualify to waive it. The Falcon International Bank Statement Savings Account has no monthly fees. International Bank of Commerce has over 167 branches Falcon International Bank has only 17 locations.įalcon International Bank may be a better option if you're looking for a savings account, though. If you're looking for a bank with a large branch network, International Bank of Commerce is a better choice. How International Bank of Commerce Compares Our best money markets accounts guide has some strong contenders if you want to earn higher interest on your account, though. The International Bank of Commerce Check 'N Save Plus Money Market Account requires a minimum opening deposit of $100 and it may be worthwhile if you'd like to have easy access to a interest-earning bank account through paper checks and a debit card. Show Pros, Cons, and More chevron down icon An icon in the shape of an angle pointing down. International Bank of Commerce hasn't been involved in any recent public controversies. International Bank of Commerce received an A+ rating from the BBB. We use ratings from the Better Business Bureau to see how a bank addresses customer complaints. Is the International Bank of Commerce Trustworthy? The bank's website lets you change the primary language to Spanish, and international banking services are available if you have family members who live in another country. These institutions also help address banking gaps among Hispanic American communities. Hispanic American-owned financial institutions are integral to providing products and services to underserved communities. The Role of Hispanic American Financial Institutions The bank is FDIC insured, so individual accounts are secured up to $250,000. The International Bank of Commerce mobile app has 4.6 out of 5 stars on the Google Play store and Apple store. The two divisions share the same website, but have different wiring numbers, routing numbers, and branch services.Ĭustomer service is available over the phone 24/7. Commerce Bank has locations in Laredo, Texas, while International Bank of Commerce has branches throughout Texas and Oklahoma. International Bank of Commerce (also referred to as IBC Bank) is a Hispanic American-led bank, and division of International Bancshares Corporation. International Bancshares Corporation has 167 branches and more than 257 ATMs in Texas and Oklahoma.Ĭommerce Bank is also a division of International Bancshares Corporation. Interest compounds quarterly instead of daily.Online banks pay higher savings account and money market account rates.Monthly service fees on savings and money market account (possible to waive them).Branches available only in Texas and Oklahoma.Majority of board members are Hispanic American, and the bank serves local communities
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