All America Bank is headquartered in Oklahoma City and is the 43rd largest bank in the state of Oklahoma. It is also the 1,824th largest bank in the nation. It was established in 1969 and as of March of 2017, it had grown to 112 employees at 7 locations. All America Bank's money market rates are 3X the national average, and it has a B+ health rating.
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Great Bank!!!
I have nothing but great things to say about this bank, also known as Redneck Bank. I started with a rate of over 5% and only required to use 10 debits a month. The rate is now 1.5% but still not a bad rate for 2017.
I highly recommend this bank and they have fantastic customer service. Keep up the great work guys!!
Be Careful Of These Gotchas!
ACCOUNT TYPE:
Mega Money Market is a personal NOW checking account that offers a high interest rate of 1.25% APY for balances up to $35,000. Balances over $35,000 earn .50% APY only.
Monthly Statements:
Are received electronically. The monthly statement cycle ends on the 20th of every month. If the 20th falls on a Saturday, the cycle will cut off on the 19th (the Friday before) and if the 20th falls on a Sunday, the cycle will cut off on the 21st (the following Monday).
INTEREST:
Interest compounds monthly and is credited monthly. If the account is closed before the interest is credited you will not receive the accrued interest for that cycle.
DORMANT ACCOUNT:
A $10.00 per billing cycle fee will be charged if you have not made a withdrawal or deposit to your account for an extended period of time and we have been unable to contact you, your account may be classified as dormant by us.
NOTE:
They do not specify anywhere on their documentation what is considered "an extended period of time", but users report that after 1 year of inactivity the bank started to deduct $10.00 each month. Also no user on the forums has reported that AmericaNet Bank ever tried to contact them about their account being dormant, before proceeding to hit them with the $10.00 monthly dormancy fee.
Watch The ACH
Interest rate is attractive, but this bank is a bit slow on their paperwork and CS.
Watch also the ACH. WEB site limit is $5000 a day, but they further restrict it to $1000 in or out for the first 30 days.
This Is For Anyone Using Or Considering Americanet Bank
This is for anyone using or considering AmericaNet Bank, be very very careful! I put $5000 in an AmericaNet Bank savings account because they offered a 2% rate. Every quarter I'd go online and check my account. Well, come to find, after my one year anniversary with AmericaNet Bank they began to charge a $10/month fee. AmericaNet Bank did not provide any notice whatsoever when they started helping themselves to my money. It wasn't until I logged on recently for my quarterly account review I found $20 missing. After invesitigation I found that after one year, if you don't add more money, your account is considered dormant, and AmericaNet Bank starts penalizing your account $10/month every month until you add more money. Almost seems like extortion to me! I've used at least a dozen online Savings accounts and have never had money drained from my account like AmericaNet Bank is doing! No bank has ever penalized me for leaving my money in their account! But AmericaNet Bank does! Beware, beware, beware! AmericaNet Bank is a sham and ripoff.
Data as of Q1 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 20093 |
| Year Established | 1969 |
| Employees | 112 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.04% |
| Return on Equity - YTD | 9.35% |
| Annual Interest Income | $4.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $378.4MM$367.8MM |
| Loans | Q1 2017vs Q1 2016 | $283.3MM$245.5MM |
| Deposits | Q1 2017vs Q1 2016 | $335.3MM$325.2MM |
| Equity Capital | Q1 2017vs Q1 2016 | $42.5MM$42.1MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $2.6MM$1.4MM |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $2.0MM$131.00K |
| Real Estate Owned | Q1 2017vs Q1 2016 | $426.00K$235.00K |
Always verify rates and promotions with the bank or credit union. We are not All America 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.
All America Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.25%* | - | $35k | Mega Money Market | ||
| OTHER TIERS: 0.50% → $35k+ | |||||
All America Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.50%* | - | $10k | Ultimate Rewards Checking | ||
| OTHER TIERS: 0.50% → $10k+ | |||||
| All America Bank Locations | ||
|---|---|---|
| Mustang Branch | 44 West State Hwy 152 | Mustang, OK 73064 |
| All America Bank | 200 South Rockwell Avenue | Oklahoma City, OK 73128 |
| Cache Branch | 605 South 8th Street | Cache, OK 73527 |
| Elgin Branch | 8207 Ushwy 277 | Elgin, OK 73538 |
| Medicine Park Branch | 24077 State Hwy 49 | Medicine Park, OK 73557 |
| Bank Of The Wichitas Branch | 623 E Street | Snyder, OK 73566 |
| Southwest State Bank Branch | 122 East Main Street | Sentinel, OK 73664 |