Academy Bank is headquartered in Kansas City and is the 18th largest bank in the state of Missouri. It is also the 526th largest bank in the nation. It was established in 1966 and as of March of 2019, it had grown to 581 employees at 73 locations. Academy Bank's money market rates are 5X the national average, and it boasts an A+ health rating.
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Finally A Customer Friendly Bank
I had heard good things about Academy Bank, but until recently most of their branches were in Walmart. I felt like I didnt shop at Walmart enough to have a bank account there, but their employees are so friendly and professional, always greeting me or telling me to have a nice day, I finally decided to talk to them. I told them upfront I wasn't interested in opening an account but said they deserved a compliment for their friendliness and professionalism. I made them a deal that I'd open an account if they ever opened a traditional branch, bc I like drive thrus. Well, just found they've opened 5 or so within the last year and apparently more are to come. I'm a man of my word, so I checked their branch on Shawnee mission parkway, and I was blown away. I like to support local and especially family owned businesses in KC, but I did not accept these guys to roll out technology like the big boys. The staff was just as friendly as those in Walmart, but I felt like I stepped into the future. They ATM's with video screens that allowed me to talk to a live teller. A concierge (yes, a bank concierge) walked me thru the process, gave me a tour, and I set up an account on the spot. They had all the nifty technology of the big banks but I still felt the family-owned presence. I've gone on too long,
Just check them out.
Love Academy!
We started a checking account with this bank a few years ago and have loved it ever since. It didn't have many if any fees, and that was good for us.
Academy bank decent local bank if you have bad credit
I had bad credit during / after the 2008 crisis. I had some overdrafts at other banks. I was able to get an account with Academy which I appreciate. Most other banks have a system which checks or blacklists you if that is the case. But Academy allowed me and others to get an account to move on up in life and finances. Their fees are too much however and since then I only use it to have my Aunt send me money every month. It is good if you live in the area and are blacklisted from some of the bigger banks which run a check on you. I think it is even called Chexsystem or something. The bank is located in some Walmarts in the Colorado area and that made it very convenient for me and others who visit Walmart from time to time.
Academy Colorado
Academy is just okay. I was able to get an account with bad credit. They didn't run a check I guess. That's the best thing about this. Because I don't think I would have been able to get another account elsewhere. They have branches inside local walmarts which is good I guess. I've used them a few times. Their customer service is nice enough. But their fees are really high. I have to pay 2.50 everytime I use an atm internationally. I do not like that at all. I usually transfer money I need out of this account to others in order to pay no atm fees. I have a checking account and debit card with them. I have done some wire transfers with them and they have been ok. Overall it's one of the banks I use as a backup to do local business. It's easy for people who want to give me money to deposit at walmarts.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 19600 |
| Year Established | 1966 |
| Employees | 581 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.18% |
| Return on Equity - YTD | 8.03% |
| Annual Interest Income | $17.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019vs Q1 2018 | $1.59B$1.31B |
| Loans | Q1 2019vs Q1 2018 | $1.16B$929.6MM |
| Deposits | Q1 2019vs Q1 2018 | $1.28B$985.3MM |
| Equity Capital | Q1 2019vs Q1 2018 | $228.8MM$208.1MM |
| Loan Loss Allowance | Q1 2019vs Q1 2018 | $15.6MM$12.8MM |
| Unbacked Noncurrent Loans | Q1 2019vs Q1 2018 | $3.9MM$9.1MM |
| Real Estate Owned | Q1 2019vs Q1 2018 | $94.00K$256.00K |
Always verify rates and promotions with the bank or credit union. We are not Academy Bank; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Academy Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.05% | - | - | Student Savings | |
| 0.05% | - | - | Savings Account | |
| 0.05% | - | - | Business Savings |
Academy Bank Money Market Rates
Academy Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.10%* | $50k* | - | Elite Checking | ||
| OTHER TIERS: 0.05% → $25 - $10k | 0.07% → $10k - $25k | 0.08% → $25k - $50k | |||||
