Banesco USA


Overview / Commentary
786-552-0524
150 Alhambra Circle, Suite 100
Coral Gables, FL 33134

Banesco USA is headquartered in Coral Gables and is the 17th largest bank in the state of Florida. It is also the 594th largest bank in the nation. It was established in 2006 and as of June of 2019, it had grown to 235 employees at 4 locations. Banesco USA has an A health rating.

Related Posts

Banesco USA Offers BanesGrow Savings Account, 2.47% APY - 4/17/2019

Banesco USA's nationally available BanesGrow Savings Account earns 2.47% APY on balances of $300 and above. Minimum opening deposit is $100.

Banesco USA Boosts 12-Month CD Rate - 10/22/2018

Banesco USA has raised the rate on its nationally available BaneSmart 12-month CD to 2.75% APY. Minimum online deposit is $1.5k and $1k for in-branch opening.

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Reviews (4)

Nice Bank

Posted by: golinsky | Nov 18, 2018

have been doing business with this bank over 2 years and they are excellent to do business with

Fees For Moving Money

My only hesitation here are the fees. Incoming wire transfers - $15. Incoming ACH - 20 cents per occurence. Charging a fee for money coming into the bank is silly. They are nickel and diming, erasing any benefit of higher interest rate.

Worst Service Ever

Posted by: unhappyII | Aug 19, 2019

I opened a savings account online. Bank then lowered rates. Attempted to transfer money using ACH. There is a $2000/transaction limit on outgoing transfers and can only do one transaction per 5 day period. Still attempted the ACH; failed. Called to get money sent to me by check. Spent one hour on the phone. Clueless customer service person kept putting me on hold; suggested that she could try to remove limits on ACH (she could not after more time wasted on hold) or have wire transfer ($80 which I refused). Was finally told that a "account manager" would call me to arrange for a check to be sent; "hopefully today; if not, tomorrow." Yep, could not even get a check sent to me after ONE HOUR on the phone.

I've done online banking for decades; this bank is the absolute worst.

Interest Not Credited On CD

Posted by: pashber | Jan 1, 2019

I opened a 2 year CD at a rate of 2.50% 10 months ago. It was an excellent rate at the time. It is now 10 months later and no interest has been credited to the account. I made a long distance move around that time and don’t have access to the disclosures, so I suspect this is one of those situations where the interest will not be paid until maturity. Also, setting up the account was not straightfoward, and my funds were taken from my funding account before it had been verified.

Pretty sketchy practices. I plan to close out this account and take the early deposit hit. Competitor rates are currently over 2.80% so I expectto make up for this hit.



Health

Health Grade Components

Overall
FDIC Certificate #57815
Year Established2006
Employees235
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.85%
Return on Equity - YTD9.31%
Annual Interest Income$29.6MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$1.38B$1.22B
LoansQ2 2019vs Q2 2018$978.7MM$921.8MM
DepositsQ2 2019vs Q2 2018$1.21B$1.04B
Equity CapitalQ2 2019vs Q2 2018$124.8MM$94.0MM
Loan Loss AllowanceQ2 2019vs Q2 2018$11.1MM$11.0MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$1.5MM$2.8MM
Real Estate OwnedQ2 2019vs Q2 2018$0$0
Rates

Rates for Banesco USA are currently being reviewed.

Locations


Banesco USA Locations
Banesco Usa150 Alhambra Circle, Suite 100Coral Gables, FL 33134
Hato Rey Branch255 Avenue Ponce De LeonSan Juan, PR 00917
Weston Lakes Branch316 Indian Trace RoadWeston, FL 33326
Doral Boulevard Branch9500 NW 41 StreetDoral, FL 33178
Westchase Linebaugh Branch795 West 49th StreetHialeah, FL 33012
Aventura Park Square Branch2950 N.E. 207th StreetAventura, FL 33180

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