North Dallas Bank & Trust Co. Review

Overview

North Dallas Bank & Trust Co. started in 1961 and its headquarters are located in Dallas, Texas. It owns assets of $1 billion along with deposits totaling $1 billion, ranking it as a medium-size bank. North Dallas Bank & Trust Co. lacks premium access to support representatives, 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. With a commendable 4.1 out of 5 stars, North Dallas Bank & Trust Co. is a good bank that gets the job done. North Dallas Bank & Trust Co. has a selection of product offerings, which include savings accounts, checking accounts, CDs, IRAs, mortgage products and credit cards. It has a fair savings rate; other popular banks have higher rates. The bank's standard checking account carries a $10.00 monthly fee, which places it at the higher end of monthly fees. Institutions that offer free checking as well as a high interest rate savings account are your best bet for gaining the most income on your deposits while having convenient access to your money.

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

North Dallas Bank & Trust Co. has a savings rate of 0.20%, which is fair compared to the national average. North Dallas Bank & Trust Co.'s one-year CD earns at a rate of 1.00% and the five-year CD earns at a rate of 2.05%, while its highest-yielding money market account earns at an APY of 0.45%. Given its below average savings rate, you should think about choosing another bank to earn more on your deposits.

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

North Dallas Bank & Trust Co. charges its customers high fees as compared against the national average. At $10.00/month, North Dallas Bank & Trust Co. is less than the best product for those who want a basic 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 will have to search for a North Dallas Bank & Trust Co. ATM or accept the fee.

North Dallas Bank & Trust Co. is a brick-and-mortar bank, with six total bank locations in Texas. It also offers access to mobile and web apps for an easy mobile-banking experience. North Dallas Bank & Trust Co.'s online and mobile banking platforms receive reasonably high ratings from users. Out of 45 customer reviews across both iOS and Android platforms, the North Dallas Bank & Trust Co. mobile app rates a 4.3 out of 5 (compared to the national average of 3.8). North Dallas Bank & Trust Co.'s mobile app lets you manage your finances by reviewing current statements, transferring funds as well as accessing support representatives. North Dallas Bank & Trust Co. gets an outstanding consumer satisfaction score based on relatively few consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-backed consumer protection agency.

North Dallas Bank & Trust Co. is a medium-size bank and has assets totaling $1 billion and deposits totaling $1 billion. North Dallas Bank & Trust Co.'s Texas Ratio is 0.43%, indicating a minute chance of 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. has several deposit products including 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 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. North Dallas Bank & Trust Co.'s CD rates are fair compared to the average U.S. bank.

Find a North Dallas Bank & Trust Co. Near Me

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