Average User Rating:3 star rating based on 9 reviews.
Royal Banks of Missouri
Royal Banks of Missouri Locations| 8021 Olive Boulevard Saint Louis, MO 63130 (314) 212-1500 www.royalbanksofmo.com  |
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Royal Banks of Missouri is headquartered in University City and is the 57th largest bank in the state of Missouri. It is also the 1,595th largest bank in the nation. It was established in 1965 and as of September of 2011, it had grown to 78 employees at 8 locations. Royal Banks of Missouri has a 3-star health rating.
Related Posts
Royal Banks Of Missouri Adds Additional Fees Schedule (Forum) - 11/17/2011
Royal Banks of Missouri ADDITIONAL FEES SCHEDULE Account Research - $32.48 per hour; Activity Printout - $3.25; American Express Gift Cards - $3.95; American Express Travelers Cheques - for one - $1.00 per $100, for two - $1.75 per $100; ATM –
Royal Bank Of Missouri (Forum) - 1/24/2011
I received the below information by email today. A message from the President of Royal Banks of Missouri. On July 21, 2010, the Congress passed and the President signed into law The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd
Bank President Paints Grim Picture of Reward Checking's Future - 1/24/2011
A few readers forwarded me an email that was sent out today by the president of Royal Banks of Missouri (Thanks!) The intent of the email was to prepare customers for future changes on their reward ch ...
Royal Banks Of Missouri Cuts Rates To 2.75% APY (Forum) - 11/22/2010
This afternoon I received an e-mail from the senior vice president of Royal Banks. The e-mail stated the APY for Majestic Checking will be cut from 3.51% to 2.75% effective tomorrow (11/23/2010). Their website has also been updated with the new rate.
2010
- 4/15 - Very Disappointed In Rate Decrease (Forum)
- 4/15 - Royal Banks of Missouri Cuts Reward Checking Rate (Forum)
- 3/24 - TO 767, HOW IS YOUR ACCOUNT WORKING OUT WITH THE 4 (Forum)
- 3/16 - Royal Banks Lied To Us! They Offered Us Boomerang Bucks Of $15 If We Used 15 Bill Pay Transactions (Forum)
- 3/3 - A PIN Is Issued But Is Not Required (Forum)
- 1/28 - Another Top Nationwide Reward Checking Account Restricts Availability
- 1/26 - Royal Banks of Missouri's New Reward Checking Requirement (Forum)
- 1/11 - Bank Would NOT Send Me All The Forms Through The US Mail In Order For Me To Set Up An Account (Forum)
2008
- 8/4 - 4.15% 12-Month CD at a Missouri Bank - Add-On Feature (Royal Banks)
- 8/4 - 3.51% Reward Checking Account at Royal Banks of Missouri
See Rates for: Checking | Savings | Money Market | CD | IRA
Royal Banks of Missouri Checking Account Rates
Royal Banks of Missouri Savings Account Rates
Royal Banks of Missouri Money Market Rates
Royal Banks of Missouri CD Rates
Royal Banks of Missouri IRA Rates
Rates updated: 2/8/2012
Data for Q3 2011
Institution Statistics
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Institution Health
Overall Score:
3 out of 5 
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Stay Away If Possible!!!!!!!!
- BabyGirl123 - Wednesday, January 11, 2012 - 5:41 PMWell, here's yet another banking sceniro related to on-line banking, which the bank chooses to charge you and you have no recourse.....:
You have checked your account vigilantly on line. No pending authorization for 2 days, you've mastered your checkbook (for the few checks you write). Enough funds to cover what you have out there. Low and behold days later here comes a 'GAS CHARGE" you purchased at BP 2 days ago!!!! My God, most banks you can see the charages as you go....NOT ROYAL BANKS!!!!
Now you only had a small issue, but they add $64 over draft (first of course), reject your check that came through and bounce it, and all over $2 and Gas Charges that should have posted.
If I could remember all the charges I made, I would need on-line banking -- isn't that the point.
My point is that is it not statistically possible for the customer to be wrong 100% OF THE TIME.
At other banks you can see your charges 5 minutes on line after they are done.
ROYAL BANKS GET A CLUE AND STOP STEALING MONEY FROM YOUR CUSTOMERS!!!!!!!!
4
Needs Updating Badly!!!!
- BabyGirl123 - Wednesday, January 11, 2012 - 3:04 PMThe Bank itself is ok. I have been a customer for over 10 years , mostly out of laziness of switching.
Finally, on line banking came after all the other banks had it.
Still takes at leaset 2-3 days for things to "post", deposits or credits to post, and when all my other colleages get their business mileage direct deposted on the same day - mine is 2 days later than everyone else??
Of course, if you have a overdraft, that is NEVER late.
I was a fan until I disputed a few charges. Then I got a nasty e-mail from a VP (and I asked for a phone call) just like the bigger banks.
Ihave heard there are a few banks now that are "real time" and I may actually switch.
Good bank for a young, starter person, but if you are juggling a mortgage, kids, etc who has the time to constantly check to see if they processed something.
3
Awful, Closed My Account
- chipchip - Thursday, June 30, 2011 - 12:12 PMI have been banking with more than 10 banks.
This bank is the worst!!!
3
Overall I'm Pleased With Rbom
- OregonNewbie - Wednesday, June 16, 2010 - 2:01 AMI signed up for a RBoM account in January, back when it was open nationwide. Previously I had only held reward checking accounts at local credit unions, so I was nervous about dealing with a bank out of state. I was also concerned the high interest rate wouldn't last long enough to make it worth while.
The application process was a breeze, although I had to go through a third-party's web-based application. The initial account information which was mailed to me wasn't entirely clear (I had questions like: could the debit card be used for point of sale purchases, without a PIN? could I get any free starter checks? etc.). Calling the CSR resolved about 80% of my questions, but they were obvously more accustomed to dealing with peple face-to-face.
Another odd thing about this bank is that they use a 3rd party secure e-mail system. They send me notifications each month that my account statement is ready, but to view it I have to log into the 3rd party secure e-mail system (which is a completely different site from the one where you perform account actions). It's no big deal, just one more login/password combo to remember.
Shortly after signing up with RBoM, they closed new accounts to people living out of state, and slightly dropped their interest rate. The rate was still very good, so I kept using the account. Today the rate is 3.51 APY, so I feel fortunate that I signed up while I could.
3
So Far So Good
- Anonymous - Monday, May 3, 2010 - 2:30 PMSo far so good. I opened the account at December, 2009.
Both PIN-based and signature-based card transactions were counted. Though their online access website confused me first stating that some of my transactions were ATM withdrawals. But they were counted, so it doesn't matter.
I use the debit card to pay utilities on-line, so don't need to carry the card with me.
They did send me an email about the rate drop.
You can't initiate an ACH transaction from their website, but they don't block external push/pull. So 4 stars only.
3
Rates Have Just Dropped On The Majestic Checking Account
- Anonymous - Thursday, April 15, 2010 - 7:28 AMRates have just dropped on the Majestic checking account. Effective April 14, the new APY on the first $24,999 is now 3.51% (down from 4.30%). The APY on 25,000 and above remains unchanged at 1.40%. Like so many banks these days there was no e-mail or correspondence warning that this move was coming, they just slipped it in hopeing most depositors wouldn't notice (for a while anyway).
FYI: Royal Banks did NOT count any PIN based transactions toward the required 15 monthly debit card transactions during the first month I used the card. I recommend using only non-pin (credit card) transactions when using their card.
3
So Far, Been Decent
- Anonymous - Monday, April 5, 2010 - 7:31 PMSo far, been decent. Signed up in Nov and had my 4.5% APR drop to 4.3%. All my ATM refunds have been awarded and no hassles with the bank.
One problem is the inability to initiate ACH transfers from their website. Makes it a pain to send money from different institutions, but whatever. Until I find something better, Royal Banks is where I'll stay.
@Upset Bill Pay Customer: I received my Boomerang Bucks, so no lies from Royal Banks on that one. They came through and I didn't see where. Sent an email to Trina and was told the exact date the deposit was made into my account. Got my money March 15.
1
TO 767, DOES THE DEBIT CARD HAVE A PIN NUMBER IN ORDER TO USE IT
- Anonymous - Tuesday, March 2, 2010 - 11:25 AMTO 767, DOES THE DEBIT CARD HAVE A PIN NUMBER IN ORDER TO USE IT
1
Signed Up In Nov
Signed up in Nov. Hesitant to give info such as SS# online but so far have not had any problems. High yield interest is paid after 10 qualifying debit transactions and one ACH transfer. This could be a direct deposit or an ACH transfer you initiate from another bank. Would be 5 stars but you cannot iinitiate an ACH transfer from your RBM account. You have to initiate it from another checking account. I was hesitant to carry a debit card with a high balance but now only bring it when I know I will be using it and keep it at home after the 10 monthly debit transactions. Charging utility bills online using a debit card count towards the 10 transactions.