GBC International Bank Review

Overview

GBC International Bank started in 1976 with headquarters located in Los Angeles, California. GBC International Bank handles $494 million in assets as well as deposits totaling $379 million, which makes it a medium-size bank. GBC International Bank lacks premium access to customer service, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. We ranked the bank at a 3.6 out of 5 stars, which means GBC International Bank is a decent bank that leaves room for improvement. GBC International Bank offers a varied choice of product offerings, including savings accounts, checking accounts, money market accounts, CDs and IRAs. GBC International Bank has a fair savings rate compared to the average savings account. Obtaining a checking account with no monthly fee, in addition to a savings account with a high APY at the same bank is the best option for getting the most income from your deposits while maintaining convenient access to your money.

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

GBC International Bank has a savings rate of 0.20%, which is fair in comparison to the average U.S. bank. Its one-year CD has a rate of 1.21%, while its highest-yielding money market account has a rate of 0.15%. Given GBC International Bank's below average savings rate, you should consider other options to earn more on your deposits.

How GBC International Bank's Savings Rates Compare

There is insufficient data on GBC International Bank's fees to provide a full SmartAsset rating.

GBC International Bank is a brick-and-mortar bank, with nine total bank locations in California and Washington. It also offers access to mobile and web apps for straightforward access and banking on the go. It does not provide access to all-day customer service with actual service representatives. You can get help during its customer service hours, which are Monday through Friday and 9:00 a.m. to 5:00 p.m. PT. GBC International Bank's mobile app allows you to control your finances by monitoring account balances, transferring funds and accessing customer service. GBC International Bank gets a superb consumer satisfaction score based on comparatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial agency that protects consumers in the financial sector.

GBC International Bank ranks as a medium-size bank and manages $494 million in assets as well as $379 million in deposits. GBC International Bank's Texas Ratio is 6.70%, suggesting that GBC International Bank is in good financial condition and far from failure. Additionally, GBC International 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.

Products Offered

GBC International Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. GBC International 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. GBC International Bank's CD rates are fair compared to other U.S. banks.

Find a GBC International Bank Near Me

GBC International Bank has nine physical branches in the U.S.