BankDirect went live in May 1999. The financial institution is the national internet banking division of Texas Capital Bank, which was founded in December 1998. BankDirect and Texas Capital Bank operate independently. Altogether, their parent financial institution, Texas Capital Bancshares Inc., closed 2018 with $28 billion in assets.
BankDirect partnered with American Airlines in 2000 to become the first internet-based bank to offer mileage opportunities to new and existing AAdvantage members.
Those looking for an established online-only financial institution should consider BankDirect. It might be the right choice especially for American AAdvantage members looking to earn miles because of BankDirect’s relationship with American Airlines. However, those looking for access to physical branches will want to go with another option.