Banesco USA Bank Review 2022
The Bankrate promise
At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here's an explanation for .
At a glance
About Bankrate ScoreHover for more
Banesco USA is good for those who want a depository institution with a local feel and the conveniences of online and digital banking.
- High APY
- Low Min Deposit
- Top CD Rates
Banesco USA is an FDIC-insured institution with headquarters in South Florida.
Customers have surcharge-free access to over 55,000 ATMs.
Many deposit products are available and offer competitive APYs.
The checking accounts offer unlimited checks and a debit card.
Requirements must be met to waive monthly fees on some accounts.
Some accounts have minimum deposit requirements that are slightly higher than other banks.
Banesco USA Bank bank products
Banesco USA Bank savings overview
The savings account pays a great APY.
There is a $5 monthly fee unless a $300 balance is maintained.
Banesco customers have free access to more than 43,000 ATMs in the U.S. at locations such as CVS, Walgreens and Target, and over 55,000 ATMs worldwide.
Banesco has added BanescoVoice, an automated telephone system for accessing accounts. You can reach a representative weekdays 8:30 a.m. to 5 p.m.
Reviews of Banesco’s mobile banking app are favorable. Customers using the app can deposit checks, pay bills and more.
About Banesco USA Bank
Banesco USA was founded in January 2006 to offer banking services and products to residents and business owners in South Florida and Puerto Rico. The bank is headquartered in Coral Gables, Florida, and is part of the worldwide financial group Banesco International.
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.