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Extraco Banks, N. A.

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
0.50%Reward CheckingBonus Banking Basic Interest
0.10%1-year CD1 Year CD
0.45%2-year CD24 Month CD

Overview / Commentary
866-398-7226
18-20 South Main Street
Temple, TX 76501

Extraco Banks, N. A. is headquartered in Temple and is the 39th largest bank in the state of Texas. It is also the 543rd largest bank in the nation. It was established in 1933 and as of June of 2016, it had grown to 382 employees at 19 locations. Extraco Banks, N. A. has an A health rating.

Reviews (5)

Best Banking Experience

Posted by: dtfulmer | Jul 7, 2011

Extraco bank has great employees, great services, and no ridiculous and unscrupulous banking practices. We have encountered several issues with "the big banks" where we have tried their services with an "open an account and get free money" deal. In every case, we found that the gimmick of free money was just that. Incessant service fees, processing debits to your account before deposits, and not allowing me to transfer money from one account held with them to another account for my father (even with my allowing them to mail the receipt straight to him) meant we hit fees we never intended and would never have seen at Extraco. I found my hometown bank is still the best. With all the antics of banks that promise the world to earn your business, then treat you like you should be grateful to be a customer, it's nice to know there are banks that deliver on those promises. I would recommend Extraco wholeheartedly. (I don't work for them, no one in my family works for them, but they have been my primary bank for 13 years.) Traci F.

The Worst Costumer Service Ever

You can literally stay in line and take a nap

WANTED TO LOVE YOU, BUT HAD TO LEAVE

Chose this bank because it was a family-owned and operated bank - and ostensibly community and small business focused. It is not. It has sadly gone the way of dozens of big, impersonal and mediocre banks before it - not an especially good direction. Left the bank because of the erosion of product and service excellence, customer-care, and trust over the past 6 years.

HORRIBLE SERVICE AND BANK!

This is in regards to customer service and the procedures, or lack there of, at Extraco.
I work for a very distinguished attorney and he holds multiple accounts at extraco bank. He and I have had numerous issues with this bank. they are absolutely impersonal and rude. They change the requirements and procedures on a daily to weekly basis. One teller does things differently than the previous. I had to be finger printed and treated like a criminal in order to cash a check at this bank. Melissa Mitchel, the teller, had the worst customer service attitude you could imagine and the peon manager she called upon to "aid" in the issue was just as bad. I was treated like a criminal being booked into the county jail. I was smirked at and embarrassed and will make sure that everyone knows about his incident and the treatment thereof. Extraco has also changed their banking cards/debit cards over to discover and no one accepts discover. they obviously changed this to make themselves more money in the process. They are not concerned about their customers....... AT ALL! They are absolutely useless on the phone when trying to accomplish the most minor of task. They do not communicate worth a damn, nor do they seem to understand their own jobs. This bank is by far the worst financial institution i have ever dealt with. They are abhorrently rude and ignorant and lack the skills necessary to run the business they are trying to run.

Read The Fine Print...

I was surprised to see Extraco in the list.  I grew up in Belton and used Extraco as my bank for several years.  I can't say that I ever had a terrible experience with them, but it seemed they weren't too concerned about my business.

I no longer bank with Extraco due to their policy on credit card advance checks.  I had never personally given the bank a bad check, but one day they refused to deposit a credit card advance check.  Too many of those checks going bad they said.  I like being treated as an individual, not lumped into a group of deadbeats.

So to the current offer.  There are a couple of gotchas:
A monthly service charge of $0.00 to $7.95 will be charged on your account depending on how you bank. The monthly service charge is reduced by $1.99 for each banking option you participate in per statement cycle:
Use E-statements Use Extraco Bill Pay Use account debit card(s) at least 30 times per month Maintain direct deposit Be 65 years old or older Now I am under 65, so the only way I am getting this account without fee is to do 30 debit transactions per month, plus the other 3.  That is a lot to ask for up to $250 per year.  I say $250 because you only get the basic interest rate with 30 transactions.

You can double the interest rate to 2% though:
Earn Premium Interest when you participate in these banking options each statement cycle:


E-statements Use account debit card at least 60 times Maintain direct deposit Pay at least five bills with Extraco Bill Pay Seriously?  Who uses a debit card 60 times a month?  I had to dig a little to find this also, since I was a little confused on the basic vs. premium interest.

This account is setup for people who don't read the fine print.  They say 2% interest, but I wonder how many of their customers actually get the account fee free and earn the 2%.  This account seem way to gimicky.

Needless to say, I will not be going back to Extraco.

Glenn



Health
A

Health Grade Components

Overall
FDIC Certificate #5551
Year Established1933
Employees382
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.99%
Return on Equity - YTD10.32%
Annual Interest Income$22.9MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$1.37B$1.36B
LoansQ2 2016vs Q2 2015$817.5MM$768.9MM
DepositsQ2 2016vs Q2 2015$1.07B$1.04B
Equity CapitalQ2 2016vs Q2 2015$134.1MM$131.0MM
Loan Loss AllowanceQ2 2016vs Q2 2015$21.3MM$20.9MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$1.2MM$2.1MM
Real Estate OwnedQ2 2016vs Q2 2015$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Extraco Banks, N. A. Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$250k*-Money Market Investment
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $50k | 0.12% $50k - $250k

Extraco Banks, N. A. Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.01%--Bonus Banking Premium Interest
0.50%--Bonus Banking Basic Interest
0.05%--Interest Checking

Extraco Banks, N. A. CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%$1k-24 Month CD
0.25%$1k-18 Month CD
0.10%$1k-90 Day CD
0.10%$1k-180 Day CD
0.10%$1k-1 Year CD
0.05%$1k-30 Day CD
Locations

Extraco Banks, N. A. has 17 locations. Click to view all Extraco Banks, N. A. locations.