How United Bank of El Paso del Norte compares If you want to determine whether United Bank of El Paso del Norte is a good option for you, you can talk to friends and family if they've banked at the financial institution, or read online customer reviews. A good BBB rating won't guarantee your interactions with a bank will be the same as other customers' experiences, though.
United Bank of El Paso del Norte has an A+ rating. To get a better understanding of how a bank deals with customer service dilemmas, we look at Better Business Bureau ratings. The bank had to submit a plan and progress on how it would address these issues to the state government. In 2019, the Federal Reserve Board issued a cease-and-desist order to United Bank of El Paso Del Norte, stating that the bank had poor risk management and compliance policies regarding money laundering regulation. Is United Bank of El Paso del Norte trustworthy? United Bank of El Paso del Norte's mobile app currently has a perfect 5 stars on the Google Play store and 4.6 out of 5 stars on the Apple Store.Īs an FDIC-insured bank, individuals accounts are protected up to $250,000 and joint accounts are secured up to $500,000. The bank doesn't have an ATM network but provides reimbursements on up to five out-of-network ATM transactions.Ĭustomer service is available over the phone or at the bank branches Monday through Friday from 8:00 a.m. United Bank of El Paso del Norte is a Hispanic American-owned bank with three branches in El Paso, Texas. How United Bank of El Paso del Norte works 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 It has only a checking writing option - no debit card - and will charge you $5 on each check or withdrawal that surpasses its three monthly transaction limit. It may be a decent option if you're looking for an account that doesn't require a minimum opening deposit.įor a money market account, the United Bank of El Paso del Norte Money Market Savings Account doesn't provide many ways to easily access your money. The United Bank of El Paso del Norte Money Market Savings Account is the bank's only savings account.
Interest compounded monthly, deposited monthly.Tiered interest rate: Earn 0.01% APY on account balances between $0 and $9,9999 Earn 0.02% APY on account balances between $10,000 and $49,999.99 Earn 0.04% APY on account balances between $50,000 and $99,999.99 Earn 0.05% APY on account balances above $100,000.To waive the $5 monthly service fee, keep at least $100 in your account daily.Reimbursements on 5 out-of-network ATM transactions monthly.There's also a $0.25 on each check withdrawal that exceeds the 12 monthly transaction limit. While there isn't an out-of-network ATM fee, you'll only receive reimbursements on five out-of-network ATM transactions per month. There also isn't an ATM network available through the United Bank of El Paso del Norte. There isn't a debit card included, and many other banks offer cards. However, if you are looking for easy access to your money, there are a couple of downsides to this account. To waive the $5 monthly service fee, you'll need to maintain at least $500 in your account daily. The United Bank of El Paso del Norte Basic Checking Account is a decent option if you are looking to open an account with no minimum opening deposit.
#Inoted bank free#
12 free check withdrawals per month $0.25 charge on each charge after the limit.To avoid the monthly service fee maintain at least $500 in your account daily.Reimbursements on 5 out-of-network ATM transactions.3 branches in Texas (Downtown El Paso, West El Paso, East El Paso).
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