My eBanc is the 386th largest bank in the nation. It was established in 1973 and as of December of 2018, it had grown to 186 employees. My eBanc's money market rates are 5X the national average, and it has an A health rating.
Related Posts
4/12 - My eBanc Ups 12-month Online Time Deposit Rate
2/13 - My Ebanc 2.05% APY For 12 Months
2/3 - My Ebanc Raises CD Rates Across All Terms (E.G, 2.05% APY For 12 Mos)
1/10 - My eBanc Hikes Rate On Super Saver MMA
Excellent Financial Choice
I decided after a recommendation from a close work colleague to do business with BAC Florida Bank a few years back. I've never had a problem with their timely and professional customer service, and I would strongly recommend them to a friend. One story in particular that stands out in my mind is when I had a whole mess of bills all go through at once and this caused an overdraft of my account. I started seeing the overdraft fees popping up and with each transaction, a new overdraft fee would follow. I immediately transferred money into the checking account and spoke with one of their representatives. Unlike other banks, because these guys are awesome, they said they understood the issue, and did not want to lose me as a customer, so they refunded all but one of the fees! I couldn't have been more happier at the time, and I couldn't be happier with them now. Great company.
BAC Florida Bank Goes Above And Beyond
Being new to having a savings account I decided to bank with BAC Florida. A few family members already used that bank, while there were a few local branches in the neighborhood. So after such positive reviews I opened an account which was a very hassle free experience. I was treated with respect since I walked through the door, while greeted by a friendly professional banker. She explained to me how much I needed as a minimum deposit. For only $100, I.D. and social security card I was the new owner of a savings account. I had never opened a savings account before because I was scared of paying fees if I ever needed to spend the money and my balance reached zero. To my surprise the banker at BAC Florida assured me there was no minimum deposit requirements. Plus I could bank online and from my phone. I can honestly say I would give them two thumbs up for going above and beyond to help first-time account holders like myself.
WORST WEBSITE EVER!!!
I trusted some money due to highest APY with reasonably respected bank. But, try to add an account or do anything on their website and it must have 20yo programmers. I have to call each time. If i send a message, i get a response in broken English which questions professionalism in my opinion. The answer from Cust. Serv was something like, "you cannot add from that site/address....that's only for looking at accounts..." I WAS LOGGED IN AND COULD NOT DO ANYTHING ...I HAD TO RETURN TO "X"!!!???
Never Open The Account With BAC Florida Bank
Be careful, very small bank with terrible services. No 1099 on time. No statement. And high penalty !
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 21265 |
| Year Established | 1973 |
| Employees | 186 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.36% |
| Return on Equity - YTD | 15.3% |
| Annual Interest Income | $88.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $2.24B$2.09B |
| Loans | Q4 2018vs Q4 2017 | $1.71B$1.63B |
| Deposits | Q4 2018vs Q4 2017 | $1.84B$1.71B |
| Equity Capital | Q4 2018vs Q4 2017 | $205.9MM$179.8MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $17.1MM$16.6MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $4.9MM$8.4MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $3.1MM$2.8MM |
Always verify rates and promotions with the bank or credit union. We are not My eBanc; 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.
My eBanc Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.40%* | $100k* | - | eRelationship Savings Account (Online only) | ||
| OTHER TIERS: 2.15% → Up to $100k | |||||
My eBanc Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.25%* | $100k* | - | Super Saver Money Market Account | ||
| OTHER TIERS: 2.00% → Up to $100k | |||||
My eBanc Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.50% | - | - | Advantage Checking Account |
My eBanc CD Rates
My eBanc is an Internet only bank and does not have branch locations. Its headquarters is located at 169 Miracle Mile, Suite R10 - Coral Gables, FL 33134