Skip to Main Content

Texas Capital Bank Review 2023

Updated January 1, 2023
Bankrate logo

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

3.7
Rating: 3.7 stars out of 5
Bankrate Score
Caret Down

CDs

Rating: 4.2 stars out of 5

Checking

Rating: 4.7 stars out of 5

Savings

Rating: 2.4 stars out of 5

MMA

Rating: 2.1 stars out of 5

About Bankrate Score

Overview

The bank is best for consumers who live in Texas seeking accounts with relatively low minimum deposit requirements.

Highlights

  • ATM Fee Refunds
Compare offers
Bank logo
Member FDIC
Savings Account
3.40
%
APY
Rating: 4.9 stars out of 5
$0
Min. balance for APY
View offer Arrow Right
Bank logo
Member FDIC
Savings Account
3.50
%
APY
Rating: 4.7 stars out of 5
$0
Min. balance for APY
View offer Arrow Right
Bank logo
Member FDIC
Savings Account
4.25
%
APY
Rating: 4.7 stars out of 5
$0
Min. balance for APY
View offer Arrow Right

Overall

Texas Capital Bank is a commercial bank based in Dallas that also offers consumer deposit products, credit cards and personal loans.

Pros

  • Checkmark

    It offers a variety of consumer deposit products and checking accounts.

  • Checkmark

    The bank has generous ATM access through its partnership with Allpoint.

  • Checkmark

    Texas Capital Bank has a big umbrella, with commercial services and two online-only banking divisions.

Cons

  • If you don’t live in Texas and prefer in-person banking, this bank is not a good fit.

  • Yields on deposits are either so-so or below national averages.

Texas Capital Bank bank products

2.4
Rating: 2.4 stars out of 5
Bankrate Score

Texas Capital Bank savings overview

Texas Capital Bank's Consumer Savings account requires $100 to open, comes with free mobile and online banking, and a Visa debit card. It currently earns less than the national average.

The bank also offers the Savings – Minor account for savers under age 16. It requires $25 to open, comes with a Visa debit card and pays the same APY as Consumer Savings.

Pros

  • Checkmark

    The opening deposit requirements are reasonable.

  • Checkmark

    Both savings account options come with a Visa debit card.

Cons

  • There are banks that pay much higher APYs on savings accounts.

  • You must maintain a daily balance of at least $500 in the Consumer Savings account to avoid the $5 monthly fee.

  • The Consumer Savings account allows only two withdrawals per month, or six per quarter.

  • There is a $2 fee for each savings account withdrawal that exceeds the limit.

Compare Offer
Bank logo
Member FDIC
Savings Account
3.40
%
APY
Rating: 4.9 stars out of 5
Info
$0
Min balance for APY
View offer Arrow Right

Bank experience

Customer service by phone is available from 8 a.m. to 6 p.m. Central time, Monday through Friday. You can also email the bank. The bank has a mobile app that gets mixed reviews among iOS and Android device users. Person-to-person payments can be made using PayNow.

You can use your Texas Capital Bank-issued debit card at ATMs in the Pulse, Cirrus, Accel and Allpoint networks, but to avoid a service fee, use a Texas Capital Bank or Allpoint network ATM. The debit card works with Apple Pay and Google Pay.

About Texas Capital Bank

Texas Capital Bank is an FDIC-insured commercial bank that also offers personal banking products, including checking and savings accounts, CDs, money market accounts, credit cards and personal loans. It is headquartered in Dallas, with banking centers in Austin, Fort Worth, Houston, San Antonio and New York City.

Texas Capital Bank has two online-only banking divisions: Bask Bank, which offers a savings account that earns American Airlines miles instead of interest, and BankDirect, which offers consumer checking, savings and money market accounts and CDs.

Review methodology

With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.

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.