Byline Bank


Overview / Commentary
773-244-7000
180 N Lasalle Street
Chicago, IL 60601

Byline Bank is headquartered in Chicago and is the 8th largest bank in the state of Illinois. It is also the 205th largest bank in the nation. It was established in 1972 and as of June of 2022, it had grown to 963 employees at 43 locations. Byline Bank's money market rates are 5X the national average, and it has an A health rating.

Related Posts

Byline Bank (IL/WI) Boosts Online Money Market Rate - 8/11/2022

Byline Bank has boosted the rate of its Online Money Market account. Online market area includes new customers who live in either IL or WI. $5k min opening deposit.

Byline Bank Increased To 2.20% - 7/29/2022

Byline Bank's Online Money Market Account is now 2.20% APY. $5,000 minimum to open. $5,000 minimum balance to avoid $25 monthly service charge. Debit card is available. Byline also has a "Advantage Money Market Account" with a similar 2.20% rate, but the minimum is $25,000 to open, and must maintain $25K or else pay a $25 monthly fee. Byline's ACH transfer out limit is awful when initiating at Byline. External Transfers: $2,000 daily limit; $5,000 per rolling 30 days. So, just like with MBoI, which is worse as they allow no ACH transfers outbound when initiating at MBoI, one's external bank would need to be utilized to do the withdrawals.

Byline Bank (IL/WI) Offers Up To $300 In Checking/Savings Bonuses - 12/15/2021

Byline Bank's Freedom Checking/Statement Savings bonuses (up to $300) are still available to residents of Illinois and Wisconsin through online application.

View all posts from:


Reviews (6)

NCB bank

Posted by: |

I have belonged to a community bank for years. There is little turnover of the employees, especially the branch manager. I feel connected to the bank versus feeling like just a number in a large banking network. I am old enough to remember the passbook savings book and, when my daughter was 5 or 6, she was able to open her first savings account with a savings book and watch her numbers go up each week with her allowance. As she got older, the passbook disappeared, but she got to share in the collective memory of what it felt like to hold the book that showed your financial growth. I currently have a checking account with this bank and something as small as no monthly fees and free coin counting (without rolling coins first) is a nice, neighborhood friendly perk. There is no minimum balance for free checking and no limit on monthly withdrawals. A couple of times where I appreciated the local bank experience included 1) I overdrafted and got charged an overdraft. The next day I added the amount to get out of negative numbers and my branch manager reversed the overdraft charges. A large bank would not do this curtesy; 2) my bank card got skimmed. The next day I noticed a $300 charge for sneakers which were not mine. Rather than question the transaction or question my sincerity, the branch manager recognized this to be out of normal spending for me and, immediately, reversed that charge, froze my card and reissued me a new card. Such instant courteous service like this is not found in large banks. I truly enjoy my local bank experience and dread that they will someday get absorbed by one of the larger banks.

VERY Low Dollar Transfer Limits

Posted by: |

I was planning on opening an account, but their website did not disclose the daily/monthly dollar transfer limits. So, I called them. It is $2,000 / day up to $5,000 / month. What! That's absurd and is a deal-breaker in my opinion.

Credit Downgrade Nightmare

They lost a loan payment I deposited in person at their branch,reported the payment as late to the ratings agencies, then refused to correct the problem. North Community Bank was great, new management is condescending and incompetent.

Bad Service

Posted by: |

very bad bank very bad teller one day I asked about check if clear or not for the teller she told me yes clear 100% I asked twice before get cash for the person the one gave me the check after that I came back later on the day I found the check not clear and the check bad because the stupid teller mistake she lied to me I lost 2000$ because the girls lied to me or she doesn't her job and the manager doesn't help she told me maybe the girls she got confused about the check that's for me very stupid I lost a lot of money for bad very bad service be careful im going to close the account and I made police report about this bank byline bank and location in Robert road in bridgeview il very very bad

Awful, Awful, Awful!

I didn't mind using Archer Bank before. I tend to root for the little guy. When they became North Community Bank the account protection was there still free of charge meaning if your account has insufficient funds the bank card payment is declined.

When Byline launched though that free account protection went away with it and without notice. Byline is pig slop happy to 'spot you' for a $4.99 bank card transaction then charge you $160 in overdraft/account restoration fees.

Their ATM machines are consistently inoperable and their mobile/online banking technology is something from a museum on late 90's culture.

Residential Loan

Posted by: |

The loan officer at North Community bank is a con artist and thief. Tried to charge points in addition to hefty closing costs. Beware.



Health

Health Grade Components

Overall
FDIC Certificate #20624
Year Established1972
Employees963
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.34%
Return on Equity - YTD10.78%
Annual Interest Income$128.4MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$7.12B$6.53B
LoansQ2 2022vs Q2 2021$5.12B$4.43B
DepositsQ2 2022vs Q2 2021$5.42B$5.16B
Equity CapitalQ2 2022vs Q2 2021$831.7MM$854.7MM
Loan Loss AllowanceQ2 2022vs Q2 2021$62.4MM$61.7MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$37.8MM$46.8MM
Real Estate OwnedQ2 2022vs Q2 2021$4.7MM$4.4MM
Rates
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Byline 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.

Byline Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%--Online Statement Savings Account

Byline Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.20%-$500kOnline Money Market
2.20%-$500kOnline Advantage Money Market
0.35%*$10k*-Online Business High Yield Money Market
OTHER TIERS: 0.15% $1 - $10k
0.15%$2.5k-Online Business Money Market Account

Byline Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$100k*-Online Prime Life Checking Account
OTHER TIERS: 0.15% $2.5k - $10k | 0.18% $10k - $100k

Byline Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%$500-Online 5 Year CD
1.25%$500-Online 4 Year CD
1.00%$500-Online 3 Year CD
0.75%$500-Online 2 Year CD
0.50%$500-Online 1 Year CD
0.15%$5k-Online 8 Month Promo CD
Locations

Availability

Chicago Area

Interactive local rates map


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.