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International Bank of Commerce Review

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International Bank of Commerce Savings
0.25% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Founded in 2017, International Bank of Commerce has assets totaling $2 billion as well as deposits totaling $1 billion, making the institution a large bank. International Bank of Commerce, whose headquarters are in Oklahoma City, Oklahoma, 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 access to service representatives at a physical location, in addition to its online and mobile offerings. On the whole, International Bank of Commerce is a respectable bank that gets the job done, with a score of 4.1 out of 5 stars from our team. International Bank of Commerce has a complete selection of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. International Bank of Commerce has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, International Bank of Commerce offers an option without a monthly fee. Using a bank with free checking and a high savings APY is the best bet for returning the most income from your deposits alongside easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.1/5
National Average: 4.1

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

Rates

3.4
SmartAsset Average: 3.5

With a savings rate of 0.25%, International Bank of Commerce ranks poorly compared to the national average. Its one-year CD has a rate of 0.65%, while its highest-yielding money market account earns at an APY of 0.25%. Given its poor savings rate, you should consider opting for higher earning savings accounts with other banks.

How International Bank of Commerce's Savings Rates Compare

International Bank of Commerce Savings 0.25 National Average 0.26 Compare Offers
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Fees

4.5
SmartAsset Average: 4.4

On average, International Bank of Commerce charges customers low fees in comparison to other U.S. banks. With no monthly fee, International Bank of Commerce's checking account is perfect for those who want an easy banking experience. Also, it has an overdraft fee of $35.00, which is on par with the national average overdraft fee. International Bank of Commerce unfortunately does not refund out-of-network ATM fees, which means you'll be required to search for an International Bank of Commerce ATM or accept the fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee $35.00 National Average: $35.00
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Service Quality

3.5
SmartAsset Average: 3.7

International Bank of Commerce is a brick-and-mortar bank, with 51 total branches in Oklahoma and Texas. With mobile and web apps, International Bank of Commerce makes account access convenient, even on the go. International Bank of Commerce receives inferior marks from customers for its mobile app. Out of 1,600 customer reviews on both Apple and Android platforms, the International Bank of Commerce mobile app is scored at 3.2 out of 5 (compared to the national average of 3.8). International Bank of Commerce's mobile app lets you control your accounts by checking current statements, sending and receiving funds as well as accessing support representatives. International Bank of Commerce gets a superb consumer satisfaction score based on relatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 3.2/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

5.0
SmartAsset Average: 4.8

International Bank of Commerce ranks as a large bank owning $2 billion in assets and $1 billion in deposits. International Bank of Commerce's Texas Ratio is 0.31%, denoting that the bank is in excellent financial condition and unlikely to fail. Additionally, International Bank of Commerce 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.

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Compare International Bank of Commerce to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.25% APY $500
Checking Account 0.25% APY $2500
Certificates of Deposit
  • 12 Month: 0.65% APY
  • 24 Month: 0.75% APY
  • 36 Month: 0.80% APY
  • 48 Month: 0.80% APY
$10000 for all terms
Money Market Account 0.25% APY $2500

International Bank of Commerce has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. International Bank of Commerce does not have the best savings rate, which means you should think about 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. International Bank of Commerce's CD rates are fair as compared against the national average.

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Find a International Bank of Commerce Near Me

International Bank of Commerce has 51 physical locations across the U.S.

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