APY | ACCOUNT TYPE | HOW THEY COMPARE |
---|---|---|
1.10% | Savings | |
0.30% | Money Market | 2.20% - Barclays Online Savings Account |
0.15% | Checking | 1.01% - nbkc bank Personal Account |
First Dakota National Bank is headquartered in Yankton and is the 9th largest bank in the state of South Dakota. It is also the 499th largest bank in the nation. It was established in 1872 and as of September of 2018, it had grown to 359 employees at 19 locations. First Dakota National Bank's savings rates are 2X the national average, and it has a B+ health rating.
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I explained to my personal banker that I will be having charges go through my account and knowing that I was not able to cover them right away, I asked for them to be returned along with all future transactions from this merchant. I told her I would work it out with the merchant. Well, she and everyone else at the bank interpreted this as "do nothing and let them bounce until they cannot bounce anymore."
After seeing the transactions hit my account the second time, I emailed my personal banker and corrected myself saying that I should have asked for a "Stop-Payment." Still nothing was done and the transactions continued to go through, so I began depositing the money into First Dakota instead of taking it directly to the merchant like I had planned, only to find that most of my $1500 deposit ended up going to fees, and only a small portion actually went toward the merchant transactions.
Now that the transactions have attempted to go through the maximum amount of times, they are now threatening to close my account because I am asking for help because of the entire misunderstanding from the beginning.
If the transactions were stopped from the beginning, it could have prevented the entire ordeal. They won't hear me out because "I used the wrong terminology." As if all of First Dakota's customers should know bank jargon.
The online banking for this company is seriously lacking as well.
Overall | |
---|---|
FDIC Certificate # | 4028 |
Year Established | 1872 |
Employees | 359 |
Primary Regulator | OCC |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.73% |
Return on Equity - YTD | 7.23% |
Annual Interest Income | $56.3MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q3 2018vs Q3 2017 | $1.66B$1.56B |
Loans | Q3 2018vs Q3 2017 | $1.35B$1.26B |
Deposits | Q3 2018vs Q3 2017 | $1.41B$1.35B |
Equity Capital | Q3 2018vs Q3 2017 | $165.4MM$158.9MM |
Loan Loss Allowance | Q3 2018vs Q3 2017 | $19.0MM$16.4MM |
Unbacked Noncurrent Loans | Q3 2018vs Q3 2017 | $15.0MM$7.1MM |
Real Estate Owned | Q3 2018vs Q3 2017 | $2.1MM$2.9MM |
Always verify rates and promotions with the bank or credit union. We are not First Dakota National 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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
1.10% | - | - | eSavings Account |