North Dallas Bank & Trust Co. Review

Overview

North Dallas Bank & Trust Co. first started operating in 1961 and its headquarters are located in Dallas, Texas. It handles $1 billion in assets along with deposits totaling $1 billion, classifying it as a medium-size bank. North Dallas Bank & Trust Co. lacks premium access to customer service, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. At a SmartAsset rating of 4.1 out of 5 stars, North Dallas Bank & Trust Co. should be solidly in contention for your choice of bank. North Dallas Bank & Trust Co. provides customers with multiple banking products, including savings accounts, checking 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 product has a monthly fee of $10.00, although banks sometimes have requirements that allow you to waive the fee. Obtaining a checking account with no monthly fee and a savings account with a high APY at the same institution is your best bet for accruing the most income on your deposits while having easy access to your funds.

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

With a savings rate of 0.25%, North Dallas Bank & Trust Co. ranks poorly compared to the average U.S. bank. North Dallas Bank & Trust Co.'s CDs feature a rate of 1.75% and 2.60% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has an APY of 0.45%. Given its poor savings rate, you should consider taking a look at other banks for savings accounts.

How North Dallas Bank & Trust Co.'s Savings Rates Compare

North Dallas Bank & Trust Co. charges customers high fees compared to the national average. At $10.00/month, North Dallas Bank & Trust Co.'s checking account is not great for those who want a hassle-free checking account. For those who will need cash in a pinch, North Dallas Bank & Trust Co. is perfect because it charges no out-of-network ATM fees. North Dallas Bank & Trust Co. does not reimburse out-of-network ATM fees, which means you'll have to search for a North Dallas Bank & Trust Co. ATM or accept the cost of withdrawal.

North Dallas Bank & Trust Co. is a brick-and-mortar bank, with six total branches in Texas. With mobile and web apps, North Dallas Bank & Trust Co. makes mobile banking easy, even on the go. North Dallas Bank & Trust Co.'s online and mobile banking services receive reasonably positive ratings from customers. The North Dallas Bank & Trust Co. mobile app has an overall rating of 4.3 out of 5 (out of 45 ratings on Apple and Android) compared to the national average of 3.8. North Dallas Bank & Trust Co.'s mobile app lets you control your finances by looking at account balances, sending and receiving funds as well as accessing customer service. North Dallas Bank & Trust Co. gets a superb consumer satisfaction score due to comparatively few consumer complaints brought to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

North Dallas Bank & Trust Co. ranks as a medium-size bank and manages $1 billion in assets and $1 billion in deposits. North Dallas Bank & Trust Co.'s Texas Ratio is 0.43%, denoting that North Dallas Bank & Trust Co. is in superb financial condition and far from failure. Additionally, North Dallas Bank & Trust Co. 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

North Dallas Bank & Trust Co. offers several deposit products like savings accounts, checking accounts and CDs that provide you with many options to manage your money. North Dallas Bank & Trust Co. 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. North Dallas Bank & Trust Co.'s CD rates are fair as compared against the national average.

Find a North Dallas Bank & Trust Co. Near Me

North Dallas Bank & Trust Co. has six branches across the U.S.