Tap on the profile icon to edit
your financial details.
Advertiser Disclosure

Esquire Bank Review

Your Details Done
by Updated
Esquire Bank Money Market
0.50% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Esquire Bank first started operating in 2006 with headquarters in Garden City, New York. It has assets of $533 million along with deposits totaling $468 million, classifying it as a medium-size bank. Esquire Bank lacks premium access to customer service, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. We ranked Esquire Bank at a 4.2 stars out of 5, which means it is a great choice and should warrant serious consideration. Esquire Bank offers a full array of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. It has a fair savings rate; other popular banks have higher rates. The bank's standard checking account features a monthly fee of $7.50, which places it at the higher end of monthly fees. Finding a bank with no-fee checking, in addition to a high interest rate savings account is the best option for getting the highest income on your deposits alongside convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more


SmartAsset Average: 3.5

Its one-year CD earns at a rate of 0.75%, while its highest-yielding money market account earns at a rate of 0.50%.

How Esquire Bank's Savings Rates Compare

Esquire Bank Money Market 0.50 National Average 0.26 Compare Offers
Back to Overview


SmartAsset Average: 4.4

Esquire Bank generally has average fees compared to the national average. At $7.50 per month, Esquire Bank's checking account is less than the best product for those who need an easy checking account. For those who will need cash in a pinch, Esquire Bank is perfect because it has no out-of-network ATM fees. Additionally, it has an overdraft fee of $32.00, which is less than that of other U.S. banks. Esquire Bank does not refund out-of-network ATM charges, meaning you will have to find an Esquire Bank ATM or pay the ATM charge.

Monthly Fee $7.50 National Average: $3.21
Non-network ATM Fee $0 National Average: $1.20
Overdraft Fee $32.00 National Average: $35.00
Back to Overview

Service Quality

SmartAsset Average: 3.7

Esquire Bank is a brick-and-mortar bank, with one total branches in New York. It also offers access to mobile and web apps for a simple mobile-banking experience. Esquire Bank receives relatively high marks from users for its mobile banking services. The Esquire Bank mobile app scored a 4.0 out of 5 (out of 2 ratings on iOS and Android) compared to the national average of 3.8. You can access Esquire Bank's mobile app to control your finances by monitoring current statements, sending and receiving funds as well as accessing support representatives. Esquire Bank gets a superb consumer satisfaction rating based on relatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 4.0/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
Back to Overview

Financial Health

SmartAsset Average: 4.8

Esquire Bank ranks as a medium-size bank and owns $533 million in assets and $468 million in deposits. Its Texas Ratio is 0.00%, signifying a low possibility of failure. Additionally, Esquire Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

Back to Overview

Compare Esquire Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Checking Account 0.1% APY $2500
Certificates of Deposit
  • 12 Month: 0.75% APY
  • 24 Month: 1.00% APY
$500 for all terms
Money Market Account 0.5% APY $5000

Esquire Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Esquire Bank does not have the best savings rate, which means you should consider looking elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Esquire Bank's CD rates are fair compared to the national average.

Back to Overview

Find a Esquire Bank Near Me

Esquire Bank has one physical branches across the U.S.

Back to Overview
Save more with these rates that beat the National Average
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure
Unfortunately, we are currently unable to find savings account that fit your criteria. Please change your search criteria and try again.
Searching for accounts...
Ad Disclosure