Extraco Banks, N. A.

Overview / Commentary
18-20 S. Main St.
Temple, TX 76501

Extraco Banks, N. A. is headquartered in TEMPLE and is the 47th largest bank in the state of Texas. It is also the 518th largest bank in the nation. It was established in 1933 and as of March of 2023, it had grown to 316 employees at 16 locations. Extraco Banks, N. A.'s money market rates are 7X the national average, and it has a B+ health rating.

Reviews (7)

Best Banking Experience

Posted by: |

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.

Horrible Bank

Posted by: |

The banker/manager at the Killeen branch is the worst. My 89 year old father has banked there for years. He’s suffering from beginning dementia but every time we try to assist him at this bank we have issues. They even commented that they can tell he’s changed but want zero input from us even when he struggles to explain what he needs. I am closing my Extraco acct tomorrow. His accounts will be closed as soon as possible. I would give this bank at least the Killeen branch zero recommendation.

It Just Kept On Getting Worse

Just about everything that could possibly go wrong t this bank did just that. No matter the branch or time of day that I visited, I could count on this bank to lose deposits, mishandle my checks (I'd go to the drive-thru to deposit a check and often get sent the cash), and generally fail to provide adequate service and support. Once, the ATM even took my cash and failed to credit my account as its gears whirred and whined away. DO NOT use this bank!

The Worst Costumer Service Ever

You can literally stay in line and take a nap


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.


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.



Health Grade Components

FDIC Certificate #5551
Year Established1933
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.04%
Return on Equity - YTD12.11%
Annual Interest Income$20.0MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$2.17B$2.12B
LoansQ1 2023vs Q1 2022$1.09B$990.8MM
DepositsQ1 2023vs Q1 2022$1.80B$1.82B
Equity CapitalQ1 2023vs Q1 2022$180.1MM$162.5MM
Loan Loss AllowanceQ1 2023vs Q1 2022$29.7MM$28.5MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$1.5MM$368.00K
Real Estate OwnedQ1 2023vs Q1 2022$0$0
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Extraco Banks, N. A.; 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.

Extraco Banks, N. A. Money Market Rates

3.50%*$1m*- Money Market with Premier Plus Rate
OTHER TIERS: 0.20% Up to $25k | 1.95% $25k - $50k | 2.45% $50k - $100k | 2.75% $100k - $250k | 3.00% $250k - $500k | 3.20% $500k - $1m
3.00%*$1m*-Money Market
OTHER TIERS: 0.10% Up to $10k | 0.20% $10k - $25k | 1.45% $25k - $50k | 1.95% $50k - $100k | 2.25% $100k - $250k | 2.50% $250k - $500k | 2.70% $500k - $1m
3.00%*$1m*-Business Money Market
OTHER TIERS: 0.10% Up to $10k | 0.20% $10k - $25k | 1.45% $25k - $50k | 1.95% $50k - $100k | 2.25% $100k - $250k | 2.50% $250k - $500k | 2.70% $500k - $1m

Extraco Banks, N. A. CD Rates

4.50%$2.5k-10 Month High Yield CD Special - New Money
4.50%$2.5k-Business 10 Month High Yield CD Special - New Money
4.25%$2.5k-20 Month High Yield CD Special - New Money
4.25%$2.5k-Business 20 Month High Yield CD Special - New Money
3.25%$1k-Business 18 Month CD
3.25%$1k-Business 24 Month CD
3.25%$1k-18 Month CD
3.25%$1k-24 Month CD
3.00%$1k-Business 12 Month CD
3.00%$1k-12 Month CD
1.85%$1k-Business 180 Day CD
1.85%$1k-180 Day CD
1.70%$1k-Business 90 Day
1.70%$1k-90 Day CD
1.60%$1k-Business 30 Day CD
1.60%$1k-30 Day CD


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.