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787-767-1150
209 Avenida Luis Munoz River
San Juan, PR 00918
Reviews (3)

Most Decent Bank In Puerto Rico

Posted by: Jupiter | Apr 8, 2016

Banco Popular is a decent bank for Puerto Rico residents. It offers a wide array for checking and savings account, which I personally use in my day-to-day life. A lot of people complain about its fees, which, I'll agree, have been steadily rising, but in my particular checking account, the E-Account, which I've had for 7 years, I've only ever encountered one service fee, which was a 0.50 fee for using a check. It was a fee that had been recently instituted and from then on I've learned to avoid check on my account. Compared to national banks, it's nothing to write home about. However, for Puerto Rico residents, it's probably the best option since its the largest bank, which means there is more accessibility to ATM machines. Their mobile app soars over the competing banks. It is a very user-friendly platform that is easy to navigate and allows you to do the basic functions of checking transactions, making payments, and scheduling transfers. Moreover, I lived in New Orleans for five years and I never had any problem using this card in the United States, so it's good to have if you live in Puerto Rico and travel a lot.

High rates for really bad service

The process of buying stuff online is not the issue but their security measures seem outdated with current times. Also, they seem to have problems with the authentication with certain sites such as Amazon and Ebay that makes it really difficult sometimes to buy items online. Their fees are more than other banks in our area. While I like some aspects of the bank, I'm just not sure if I'm going to stay with them.

Deposit Summary

They are really good in having the different tools in their website to let you work around your saving accounts. You can also pay almost every bill through their direct deposit system. You can set it up in different way or options that makes it really flexible for those with multiple accounts. They earn ok rates on their savings account. The people at my local branch are nice but I really use the online banking more.



Health
B+

Health Grade Components

Overall
FDIC Certificate #34968
Year Established1999
Employees6539
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.1%
Return on Equity - YTD9.29%
Annual Interest Income$676.0MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$31.88B$29.04B
LoansQ2 2017vs Q2 2016$16.86B$17.22B
DepositsQ2 2017vs Q2 2016$27.06B$23.64B
Equity CapitalQ2 2017vs Q2 2016$3.70B$3.80B
Loan Loss AllowanceQ2 2017vs Q2 2016$485.0MM$511.0MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$679.0MM$807.0MM
Real Estate OwnedQ2 2017vs Q2 2016$224.0MM$201.0MM
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Banco Popular de Puerto Rico Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$250k*-Ahorro a Toda Hora
OTHER TIERS: 0.10% $500 - $25k | 0.15% $25k - $100k | 0.20% $100k - $250k
0.20%$100-U SAVE
0.15%*$50k*-ATH POP
OTHER TIERS: 0.05% $500 - $1k | 0.10% $1k - $50k

Banco Popular de Puerto Rico Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%*$1m*-Private Management Account
OTHER TIERS: 0.10% $500 - $10k | 0.15% $10k - $25k | 0.20% $25k - $50k | 0.28% $50k - $100k | 0.45% $100k - $250k | 0.68% $250k - $1mm
0.30%*$250k*-Popular Plus
OTHER TIERS: 0.10% $500 - $10k | 0.15% $10k - $25k | 0.20% $25k - $100k | 0.25% $100k - $250k
0.20%*$100k*-MultiCuenta Popular
OTHER TIERS: 0.10% $500 - $25k | 0.15% $25k - $100k
Locations


Banco Popular de Puerto Rico Locations
Hato Rey Branch526 Ponce De Leon AvenueSan Juan, PR 00918
Toa Baja Branch71 Boulevard Bruno CruzToa Baja, PR 00949
Minillas Governmental Center Branch22 Avenue De DiegoSan Juan, PR 00911