First International Bank & Trust Review

Overview

Started in 1910, First International Bank & Trust has assets totaling $5.03 billion along with $4.32 billion in deposits, which makes the institution a large bank. First International Bank & Trust, whose headquarters are in Watford City, North Dakota, lacks premium access to customer service, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. At a SmartAsset rating of 3.7 stars out of 5, First International Bank & Trust should be near the middle of the pack in your search for a bank. First International Bank & Trust has a full array of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; you can find higher rates with other banks. The bank's standard checking account maintains a monthly fee of $7.95, making it a rather expensive bank for checking. Finding an institution with free checking and a high interest rate savings account is the best option for gaining the most income on your deposits while having easy access to your money.

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

With a savings rate of 0.85%, First International Bank & Trust ranks poorly compared to the national average. Its six-month CD has a rate of 5.00% and the twenty-five-month CD earns at a rate of 4.00%, while its highest-yielding money market account earns at an APY of 2.30%. Given First International Bank & Trust's poor savings rate, you should think about other options to earn more on your deposits.

How First International Bank & Trust's Savings Rates Compare

First International Bank & Trust has generally high fees in comparison to the average U.S. bank. Its checking account has a monthly fee of $7.95, making it fair for anyone looking for a hassle-free account. Additionally, at $30.00, First International Bank & Trust has a considerably lower overdraft fee compared to the average overdraft fee charged by U.S. banks. First International Bank & Trust does not reimburse out-of-network ATM charges, meaning you'll be required to locate a First International Bank & Trust ATM or accept the withdrawal fee.

First International Bank & Trust is a brick-and-mortar bank, with 28 total branches in Arizona, Minnesota and North Dakota. It also offers access to mobile and web apps for a simple mobile-banking experience. It does not provide access to all-day customer service with actual service representatives. You can get help during its hours, which are Monday through Friday, 7:30 a.m. to 8:00 p.m. CT; Saturday, and 8:00 a.m. to 2:00 p.m. CT. First International Bank & Trust's online and mobile banking platforms receive moderate feedback from customers. The First International Bank & Trust mobile app scored a 3.9 out of 5 (out of 96 ratings on iOS and Android) compared to the national average of 3.8. First International Bank & Trust's mobile app lets you manage your bank accounts by monitoring account balances, transferring funds as well as accessing customer service. First International Bank & Trust receives a superb consumer satisfaction rating due to relatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

First International Bank & Trust ranks as a large bank owning assets totaling $5.03 billion as well as deposits totaling $4.32 billion. First International Bank & Trust's Texas Ratio is 7.48%, suggesting a small opportunity of failure. Additionally, First International Bank & Trust 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.

Products Offered

First International Bank & Trust offers several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. First International Bank & Trust does not have the best savings rate, which means you should think about other options 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. First International Bank & Trust's CD rates are fair compared to other U.S. banks.

Find a First International Bank & Trust Near Me

First International Bank & Trust has 28 locations across the U.S.