Byline Bank

Overview / Commentary
180 N Lasalle Street
Chicago, IL 60601

Byline Bank is headquartered in CHICAGO and is the 7th largest bank in the state of Illinois. It is also the 198th largest bank in the nation. It was established in 1972 and as of March of 2023, it had grown to 971 employees at 50 locations. Byline Bank's money market rates are 11X the national average, and it has a B+ health rating.

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 Grade Components

FDIC Certificate #20624
Year Established1972
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.4%
Return on Equity - YTD12.25%
Annual Interest Income$100.0MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$7.51B$6.82B
LoansQ1 2023vs Q1 2022$5.45B$4.77B
DepositsQ1 2023vs Q1 2022$5.84B$5.57B
Equity CapitalQ1 2023vs Q1 2022$866.5MM$849.1MM
Loan Loss AllowanceQ1 2023vs Q1 2022$90.5MM$59.5MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$44.0MM$27.5MM
Real Estate OwnedQ1 2023vs Q1 2022$3.7MM$2.2MM
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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

0.15%--Online Statement Savings Account
0.15%--Business Statement Savings

Byline Bank Money Market Rates

4.63%-$500kOnline Advantage Money Market
4.43%-$500kOnline Money Market
4.30%*$1m*-Online Business Select Money Market
OTHER TIERS: 4.10% $5k - $250k | 4.20% $250k - $1m
4.20%*$10k*-Choice Money Market - New Money
OTHER TIERS: 0.35% $2.5k - $10k
4.20%*$10k*-Business Choice Money Market
OTHER TIERS: 0.35% $2.5k - $1k
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

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

Byline Bank CD Rates

5.45%$5k-Online 11 Month Promo CD - New Money
5.35%$5k-Online 8 Month Promo CD - New Money
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
0.70%$50k-Business 8 Month Promo CD
0.50%$500-Online 1 Year CD


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