APY | ACCOUNT TYPE | ACCOUNT NAME |
---|---|---|
1.15% | 1-year CD | 12 Month CD |
0.65% | Savings | eSavings Account |
1.40% | 2-year CD | 24 Month CD 2.25% - Synchrony Bank 24 Month CD |
First Dakota National Bank is headquartered in Yankton and is the 9th largest bank in the state of South Dakota. It is also the 507th largest bank in the nation. It was established in 1872 and as of December of 2017, it had grown to 353 employees at 19 locations. First Dakota National Bank's CD rates are 28% higher than the national average, and it has an A health rating.
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 | 353 |
Primary Regulator | OCC |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.93% |
Return on Equity - YTD | 9.14% |
Annual Interest Income | $68.0MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q4 2017vs Q4 2016 | $1.60B$1.48B |
Loans | Q4 2017vs Q4 2016 | $1.29B$1.17B |
Deposits | Q4 2017vs Q4 2016 | $1.37B$1.32B |
Equity Capital | Q4 2017vs Q4 2016 | $161.9MM$150.2MM |
Loan Loss Allowance | Q4 2017vs Q4 2016 | $16.8MM$14.0MM |
Unbacked Noncurrent Loans | Q4 2017vs Q4 2016 | $8.5MM$14.7MM |
Real Estate Owned | Q4 2017vs Q4 2016 | $2.5MM$1.7MM |
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 |
---|---|---|---|---|
0.65% | - | - | eSavings Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.55%* | $500k* | - | First Choice Money Market | ||
OTHER TIERS: 0.20% → $10k - $25k | 0.25% → $25k - $100k | 0.30% → $100k - $150k | 0.40% → $150k - $500k | |||||
0.30%* | $100k* | - | Money Market | ||
OTHER TIERS: 0.12% → Up to $5k | 0.15% → $5k - $10k | 0.20% → $10k - $25k | 0.25% → $25k - $100k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.20%* | $100k* | - | First Partners Checking | ||
OTHER TIERS: 0.05% → $500 - $5k | 0.10% → $5k - $25k | 0.15% → $25k - $50k | 0.18% → $50k - $100k | |||||
0.15%* | $25k* | - | Classic Choice Checking | ||
OTHER TIERS: 0.05% → $100 - $5k | 0.10% → $5k - $25k | |||||
0.10% | $50 | - | First Choice Checking |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
1.40% | $1k | - | 24 Month CD | |
1.30% | $1k | - | 18 Month CD | |
1.15% | $1k | - | 12 Month CD | |
0.90% | $1k | - | 6 Month CD |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
1.40% | $1k | - | 24 Month IRA | |
1.30% | $1k | - | 18 Month IRA | |
1.15% | $1k | - | 12 Month IRA | |
0.90% | $1k | - | 6 Month IRA |