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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

International Bank of Commerce first started operating in 2017 with headquarters in Oklahoma City, Oklahoma. International Bank of Commerce manages $2 billion in assets and deposits totaling $1 billion, classifying it as a large bank. International Bank of Commerce lacks premium access to support representatives, 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. Coming in at a commendable 4.1 out of 5 stars, International Bank of Commerce proves it is a good bank that should be given a look. International Bank of Commerce has a complete array of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. International Bank of Commerce has a fair savings rate; you can find higher rates with other banks. If you're looking for a checking account for everyday use, International Bank of Commerce offers an option without a maintenance or monthly fee. Obtaining a checking account with no monthly fee and a savings account with a high interest rate at the same bank is your best bet for gaining the most income on your deposits while having convenient access to your money.

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 average U.S. bank. International Bank of Commerce's one-year CD earns at a rate of 0.75%, while its highest-yielding money market account earns at an APY of 0.25%. Given International Bank of Commerce's poor savings rate, you should consider choosing another bank to earn more on your deposits.

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

International Bank of Commerce charges customers low fees compared to the average U.S. bank. With no monthly fee, International Bank of Commerce is ideal for people who want a basic checking account. Also, at $35.00, International Bank of Commerce has a lower overdraft fee compared to the average U.S. overdraft fee. International Bank of Commerce unfortunately doesn't reimburse out-of-network ATM charges, which means you will be required to find an International Bank of Commerce ATM or pay the ATM charge.

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. It also offers access to mobile and web apps for easy access and banking on the go. International Bank of Commerce gets unsatisfactory feedback from users for its mobile banking services. The International Bank of Commerce mobile app rates a 3.2 out of 5 (with 1,600 customer reviews on Apple and Android) compared to the national average of 3.8. International Bank of Commerce's mobile app allows you to manage your finances by reviewing current statements, sending and receiving money as well as reaching customer service. International Bank of Commerce gets an outstanding consumer satisfaction score due to relatively few complaints reported to the Consumer Financial Protection Bureau (CFPB), a government financial 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 is currently a large bank and manages assets totaling $2 billion as well as deposits totaling $1 billion. International Bank of Commerce has an excellent Texas Ratio of 0.31%, suggesting a negligible chance of failure. 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: 0.75% APY
  • 24 Month: 0.80% 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 taking a look 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 compared to the national average.

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Find a International Bank of Commerce Near Me

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

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